Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: ayatoslaw on April 26, 2019, 05:55:21 AM
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if we look at 5 years back, cryptocurrency can still run and develop even though at that time stable coins did not exist,
but now stable coins have appeared and many of them,
I sometimes ask, do we really need to have a stable coin?
because I feel stable coins are made one of them to enrich the team and dev,
because if they sell coins it won't affect the market because it's a stable coin,
this is only my opinion,
so give your opinion so that I have a lot of insight.
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The aim of most (if not all) stable coins are to maintain a market of low or no losses. These coins are also there for those who easily freakout when there is a deep in the entire market. True crypto enthusiast does not like stable coins, because it is not profit oriented, it remains the way it is.
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In my opinion, a fixed or stable coin is needed to continue to exist in crypto currency like Etherum, which in my opinion is quite stable, even this coin is very much favored by crypto currency users to transact from one coin to another,
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I think stable coins are very necessary for all of us. Because this will affect the impact of the Investor who will be engaged in the field of cryptocurrency. I think stable coins must still be there and will always be used in the future.
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From crypto standpoint, no. The existence of stable coins is the link between crypto vs fiat money, whereas the nature of crypto is to eliminate fiat money's role. But as an investor, I have to admit that stable coins are needed. Increasing the amount of Bitcon is my first priority. There's nothing to say when the market goes up. However, when the market goes down, I need stable coins in order to increase my bitcoin.
The story of manipulating USDT takes place every year. USDT dominated stable coins world because it's the earliest stable coin. But if its dev team continue cheating on crypto investors, there will be other trust worthy coin to replace it.
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Stablecoins are needed to attract serious investors to the crypto market.
Any investor should be able to quickly transfer capital into stable coins to avoid losses.
And if someone does not need this option, it does not mean that it is not needed by others.
Therefore, the more stable coins there are, the more predictable and "adult" the crypto market will become.
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Stable coins make it easier to work with cryptocurrency. This is a good buffer between a cryptocurrency and a regular currency in certain situations. These are digital copies of ordinary national currencies and they create additional convenience for market participants. If someone does not like to use stable coins, then he may not pay attention to them.
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I think yes. Stale coins may help us to hold the coins with better movement and cycle. The coins will not hit the dumped price although they may be also dropped. In this case, stale coins are needed in order to balance the market situation.
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Stable coins can be interpreted as safer coins such as btc or eth, etc. These types of coins are very popular and are needed by many people to transact and invest, that's the fact. I don't care whether the coin is stable or not as long as there are profitable opportunities, I will choose it.
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Unique question.
stable coins are coins that will not affect the ups and downs of the market.
Therefore stable coins are very suitable for short-term trading and not for long-term trading.
need or not? in my opinion it is still necessary because they fill the volume in exchange every day.
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I think for now I don't need a stable coin because it can't be traded and doesn't have a higher price like other crypto coins whose prices can change.
stable coins will still follow the dollar price, so I want another coin to be used for investment.
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yes we really need stable coins for safety of our money when the market go dump, but we don't need more of it, I think 2 or 3 stable coins are enough for me.
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And what does the topic starter think about all the opinions expressed?
Or is it one of those many topics where people's opinions are of no interest to anyone and there is no constructive discussion?
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And what does the topic starter think about all the opinions expressed?
Or is it one of those many topics where people's opinions are of no interest to anyone and there is no constructive discussion?
That hurts :'(. Anyways, I quite agree with you on traders need stable coins to avoid losses when market goes down. But I don't agree on stable coins are need to attract new investors. People are waiting for some clear regulations about crypto to pour their money on. But I doubt that crypto market will more like stock market then.
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The most potential altcoin today that is stable is VEIL . Veil is basically integrating best-in-class anonymity technologies to become the first cryptocurrency that provides uncompromising, always-on privacy. They are already listed on exchanges with quite of the volume so maybe people could take a look at this coin. And i bought for 22cents with the bearish season it has gone up to 33cents.
Veil's spammers will receive from me a minus in karma for each post about this coin.
And the complaint to the moderator, if they do not stop.
Because I want to make the Altcoinstalks cleaner, and we don’t need spammers here.
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if I think that stable coins are also very much needed in crypto currencies, because with coins that have stable prices it will also be easier to increase a lot of profits in terms of trade
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Honestly, nothing bad will happen if stable coins will disappear, less and less I see how companies want to create stable coins and soon I think that very few stable coins will olnly remain.
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if my personal opinion is that coin coins that have a stable price for me are also very much needed, because with us holding good coins or stable coins I'm sure that will also get many benefits
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Yes, for any trader helps a lot because a lot of exchange who don't have pair to dollar the best example is binance, so if the all market will start to fall you can save some money using stop loss with stable coin.
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stability is not in crypto nature
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Yes, for any trader helps a lot because a lot of exchange who don't have pair to dollar the best example is binance, so if the all market will start to fall you can save some money using stop loss with stable coin.
Stable coins it's not only question of availability of fiat pair, it's also question of not necessity of KYC. ;)
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I think stable coins will be needed when there are products that can only be paid with this coin, there will be no price increase after the stable coins listed in the top crypto market,I still choose coins such as Tron, EOS and other altcoins for investment, because this coin will have a price change when many people need it
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Stable coin is almost the same as fiat money, there is no significant change, so to hold it also do not need to be afraid of falling prices
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I think a stable coin is needed and that can be used to attract investors to return to crypto, with stable coins will minimize the risk of a decline that is too large.
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Now there are a lot of stable coins. It seems to me too much. Each fund seeks to issue its stable coin - but what will it do? Many still try to use the USDT in spite of any attacks.
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I don't really know about this. But for investment and trading, stable coins are not worth. I never think to invest in stable coins since the prices cannot rise high. I assume stable coins just choices to store funds without the possibility of profits but it has a low risk to get losses.
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In my opinion, a fixed or stable coin is needed to continue to exist in crypto currency like Etherum, which in my opinion is quite stable, even this coin is very much favored by crypto currency users to transact from one coin to another,
Agree with you friend. Of course we need a stable coins, so that we can trade more calmly because in trading we must have certain references or limits regarding the price of coins so that we are confident in determining the benefits we want to get from the trading set that we do.
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I believe that stable coins should be something which cryptocurrency are leading to. But now this industry is still in develop and I think we have to wait for this to happen
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Actually, I do not like them. It scares me that in the future we may only have stable coins. Although the market cap is so small we have plenty of them. It is risky too.
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Yes, i think we really need a stable coin so that many people can become rich no matter what happens, many people will recognize altcoins as their first income source. Also this is the best one to see so that we can attract more investors in the market, and persuade that doing crypto is a good one.
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Now there are a lot of stable coins. It seems to me too much. Each fund seeks to issue its stable coin - but what will it do? Many still try to use the USDT in spite of any attacks.
I think the market is becoming saturated with stable coins because of the concerns and risk in using Tether, this is why there was such a demand (and therefore supply) of new stable coins late last year. It also goes to show that while we do not need dozens of different stable coins, a handful of them is preferable to having a monopoly led by the fraudulent token issuer, such as usdt. The sooner alternative stable coin volumes outweigh tether's volume the healthier it will be for the market in my opinion, but unfortunately the alternatives are only in the tens of millions of daily volume, whereas Tether daily volume is still in the billions. I think we still have a long way to go.
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yes for me stable coins are also good for us to preserve now, because I myself also believe that holding stable coins will also get many benefits in the future.
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I believe that stable coins should be something which cryptocurrency are leading to. But now this industry is still in develop and I think we have to wait for this to happen
It would be really strange, because stable coins are coins tied to other assets (USD, gold, etc). And cryptocurrencies should develop themselves as independent projects. :)
Can stable coins be useful? Definitely yes. But unlike real USD they are not secured by sovereignty of the country. A country would protect it's currency, because it is a part of national security. And why would a company protect a stable coin if they would fail? No reason, except possible income. So stable coins have much less guarantee then the assets they are tied to. ???
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I don't like stable coins. I like coins that grow and fall. You can make good money on them. Only because the market is alive and I came to him.
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if we look at 5 years back, cryptocurrency can still run and develop even though at that time stable coins did not exist,
but now stable coins have appeared and many of them,
I sometimes ask, do we really need to have a stable coin?
because I feel stable coins are made one of them to enrich the team and dev,
because if they sell coins it won't affect the market because it's a stable coin,
this is only my opinion,
so give your opinion so that I have a lot of insight.
Of course, we need stablecoins. Have you ever witness the market crashing down on your face?
Trust me, we need them because they are the fastest way to get out of the market when the market is crashing down.
When the market is bad there is no need to cash out your money through banks due to some extra charges between the exchange and the bank. Just move your money to stablecoins you should be just fine and whenever you feel like trading again you might just exchange your stablecoins for the coin you want to trade.
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if we look at 5 years back, cryptocurrency can still run and develop even though at that time stable coins did not exist,
but now stable coins have appeared and many of them,
I sometimes ask, do we really need to have a stable coin?
because I feel stable coins are made one of them to enrich the team and dev,
because if they sell coins it won't affect the market because it's a stable coin,
this is only my opinion,
so give your opinion so that I have a lot of insight.
Of course, we need stablecoins. Have you ever witness the market crashing down on your face?
Trust me, we need them because they are the fastest way to get out of the market when the market is crashing down.
When the market is bad there is no need to cash out your money through banks due to some extra charges between the exchange and the bank. Just move your money to stablecoins you should be just fine and whenever you feel like trading again you might just exchange your stablecoins for the coin you want to trade.
While I don't completely agree with the sentiment of selling when the market is crashing, I can't deny that the the market needs stable coins. The number of fiat based crypto pairs is few and far between, whereas there are many more pairs for stable coins. I'd advise against Tether though.
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More necessary, it seems to me, will be a direct opportunity to transfer from the exchange to a card (for example, ETH with instant conversion to the currency of the cardholder
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I think stable coins is just for store money without potential high profits. If we intend to gain profits through holding a crypto coin, then stable coins are not suitable. However, if someone wants to keep his money on crypto coins without a worry of losing, then stable coins are a good choice.
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I can not understand how these coins are stable. If someone can control the whole market to make the coin stable, the control is horrible.
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Basically a Cryptocurrency coin is a coin with an unstable value, because the value of Cryptocurrency is always up and down or what is called volatile. However, to maintain the stability of the value of Cryptocurrency coins in general, indeed we need a coin with a stable value to maintain the balance of the value of the Cryptocurrency in the market exchange. And a stable coin of course will also be a reference or benchmark for the value of other crypto coins.
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I do not believe that the majority of stable сoins are 100 percent provided in dollars. We need real stable coins, not fraudulent ones.
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I can not understand how these coins are stable. If someone can control the whole market to make the coin stable, the control is horrible.
Their price is tied to another asset. For instance, USD: when you buy one stable coin for one dollar, it is minted, when you sell your stable coin and get your dollar, the stable coin is burned. It should work so, in theory. How it does in practise... we can just belive, that so. ;D
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Many stable coins have questionable provision with real assets , but I use them to buy coins in time during drawdowns.
I do not think that before the adoption of regulation of the industry need to rely heavily on stable coins...today their price is -1$ , and tomorrow it can be "0".
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I found 2 interesting articles on the topic, but they are in Russian.
1. Stable Coins: quiet cryptocurrency harbor - https://forklog.com/stable-coins-tihaya-kriptovalyutnaya-gavan/
2. Stable coins: smart banknotes - https://forklog.com/stable-coins-umnye-banknoty/
This is a good analysis of the current situation and trends in stable coins, and you can try to read articles using Google Translator.
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The stable coin developers think of many things from the coins they create, like the products they offer, the types of long-term investments by getting bonuses while holding coins.
But what I least like is that there is no price increase like other coins because these coins cannot have high prices and always have almost the same price. Because of that I currently don't have this coin.
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In my opinion, a fixed or stable coin is needed to continue to exist in crypto currency like Etherum, which in my opinion is quite stable, even this coin is very much favored by crypto currency users to transact from one coin to another,
we can pay attention to all existing data, see coinmarketcap and coin analysis whichever has a fairly stable range. There is no coin that has perfect stability. But I personally prefer coins that have a high potential of increase, so I can gain a number of benefits and for me it is a good opportunity. The investment we make certainly has a purpose and that is why we have to choose the right coin.
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True crypto enthusiast does not like stable coins, because it is not profit oriented,
Very true.
Until now crypto enthusiasts are basically traders, profit oriented as you rightly say.
I'm all for Stablecoins, in particular commodity backed Stablecoins, and usually I sense some bad vibe within crypto forums :D
The first generation of cryptos have been unbacked cryptos, whose volatility is unavoidable.
This feature fit traders, profit oriented users.
But on the same time it prevents them from being deployed as money, as a store of value and a means of payment.
That's where Stablecoins imo come to play
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Not only me but also all others investors and traders need to be had a stable coins. Stable coins have no risk to reduce prices over market crapsh. So we need stable coins.
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A lot of stable coins. Anyway, people use mostly several of them. Therefore, the question arises - why do we need the rest? So that they just were?
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I think stable coin has its advantage in as much as you cannot profit with it, it gives you the confidence that your coin ain't gonna loose value
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Stable coins are the demand of time. I think stable coins are there for the traders. Most of the traders convert their coins to stable coin when they analyse market will drop and that way they keep their total value secured through stable coins and buy back coins again when then analyse will rise back and in my opinion this is the best use of stable coins.
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in my opinion we need stable coins, one of which is bnb. I see this one coin is quite stable and even increases slowly but surely. I like this coin and hold a few bnb.
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in my opinion we need stable coins, one of which is bnb. I see this one coin is quite stable and even increases slowly but surely. I like this coin and hold a few bnb.
The topic is referring to whether the crypto market needs a coin whose price is tied to a dollar, pound sterling, euro and other national currencies. BNB is not stablecoin, because its price is not tied to any existing currency, its price was recently $5, $7, $20 and now $30 for one coin, while for example USDT always cost $1, that is the difference between stablecoin and classical cryptocurrency.
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I also think that stable coins are needed and useful. But I do not want to see hundreds of them. A few of them is enough if they are managed by a trusted team.
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Yes, I think we need stable coins to anticipate if we have sudden needs. so I have to sell but I prefer the coin up and down, so we can benefit from the coin.
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if we look at 5 years back, cryptocurrency can still run and develop even though at that time stable coins did not exist,
but now stable coins have appeared and many of them,
I sometimes ask, do we really need to have a stable coin?
because I feel stable coins are made one of them to enrich the team and dev,
because if they sell coins it won't affect the market because it's a stable coin,
this is only my opinion,
so give your opinion so that I have a lot of insight.
I agree with that but stable coins make the trading experience even better and a volatile asset
should be paired with a stable coin to make profits maximized when trading in this industry.
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Yes we need stable coins because that's the main reason readied we invest on cryptocurrency, if we don't need stable coins there will be no need to do long term investment when it comes to cryptocurrency industries, stable coins are the motivations behind every coins.
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Stable coins are definitely very useful for working with cryptocurrency. This is a kind of buffer between the usual currency and cryptocurrency. Not being a full-fledged cryptocurrency, stable coins make it very easy to use.
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I also think that stable coins are needed and useful. But I do not want to see hundreds of them. A few of them is enough if they are managed by a trusted team.
I agree. Some stable coins should be enough yet they are not really suitable for investment assets but those are helpful to store our money without fear of losing the values. As the name of stable coins, the values of those coins cannot be influenced by other coins.
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I think that we need those stable coins. Although the nature of cryptocurrency is the fluctuation and its volatility, sometimes, we need the stable one to stabilize the market. But even they are stable coins don't mean that they are really stable. They are also changing but not too much.
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it is very necessary to safeguard our assets because stable coins can minimize our losses when the market is uncertain or the market is in a downturn
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it is very necessary to safeguard our assets because stable coins can minimize our losses when the market is uncertain or the market is in a downturn
It is true, coin stable can be said that it is real money, which minimizes losses, but many holders who choose crypto fluctuate in making a profit
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yes I actually need coins that are stable and have good development every day, so I believe with coins Ethereum, Ripple, Litecoin, Bch and Neo are also good coins to keep in the future.
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Stablecoins are needed to attract serious investors to the crypto market.
Any investor should be able to quickly transfer capital into stable coins to avoid losses.
And if someone does not need this option, it does not mean that it is not needed by others.
Therefore, the more stable coins there are, the more predictable and "adult" the crypto market will become.
Very true.
I like particularly the last line.
Mass adoption needs predictability.
Institutionals need predictability.
Predictability, or stability.
Stablecoins.
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if we look at 5 years back, cryptocurrency can still run and develop even though at that time stable coins did not exist,
but now stable coins have appeared and many of them,
I sometimes ask, do we really need to have a stable coin?
because I feel stable coins are made one of them to enrich the team and dev,
because if they sell coins it won't affect the market because it's a stable coin,
this is only my opinion,
so give your opinion so that I have a lot of insight.
@ ayatoslaw,
I found this summary about how Stablecoins benefit our financial system.
I think Stablecoins offer more benefits, but these 3 are probably the most important at the moment
Reasons People Use Stablecoins
1. Exchanges: Cryptocurrency traders can reduce their exposure to Bitcoin by selling their Bitcoin for stablecoins. This allows traders to keep their wealth on an exchange without converting back into fiat. This is useful for two reasons.
First, many exchanges take days to convert fiat into crypto, which means investors must wait to trade.
Second, converting back into fiat means a tax bill is coming soon, since most exchange on- and off-ramps now require KYC-AML.
2. Inflation hedge: People in countries with high inflation and hyperinflation can hold on to stablecoins in order to preserve their savings. Bitcoin is too volatile for most people in Venezuela. Instead, they would prefer to hold onto cryptocurrencies backed by gold or Swiss francs.
3. Interbank settlement: Interbank settlement is a trillion-US dollar industry, as discussed in the chapter on Ripple in the June 2019 edition of the Crypto Research Report published by Incrementum. Instead of giving away billions in revenue to Ripple, companies such as J.P. Morgan are releasing their own centralized stablecoins backed by fiat in order to settle transactions globally on a permissioned blockchain instead of legacy banking software.
https://ingoldwetrust.report/wp-content/uploads/2019/05/In-Gold-We-Trust-2019-Extended-Version-english.pdf
p247
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I think yes, why not?
So far, only a few stable coins that are on the market and it only gives small influences. However, it still has good value for the crypto market. At this case, stable coins may be valuable mostly when it is dumped enough. We still have the hope with this coin types.
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Depending on what you want, if you are afraid of the risk of loss then a stable coin is necessary and if you want a profit from the price jump then you don't really need a stable coin.
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Stable coins are necessary first of all in order to wait out the moment when the cryptocurrency market falls until better times. Also stable coins show themselves well when withdrawing funds from a wallet.
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Stable coins are very necessary for us, since they greatly facilitate our work with cryptocurrency. They primarily serve as a kind of buffer between the cryptocurrency and the usual currency. In various adverse situations, we can quickly withdraw our funds from cryptocurrency to stable coins and, thus, secure them.
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I believe, too, that stable coin is not needed,or they really should be tied to Fiat money,for example to the dollar,but it should really be,and we don't know now whether they are provided with some reserves. So same believe that if and should be stable coin,then he should be one, why create their 3-4 or 7. For what? I don't understand.
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for me it is also needed with stable coins, because I also believe that by buying and holding coins that are good and stable I think it will also benefit better, because good and stable coins will also have better trips in the future
so I believe we won't lose anything by having good coins.
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Many people think about that. Really need stable coins. But I think Stable coins are good for project and ICO. As a trader, They are prefer high volatile coins. So, Maybe at the coming future, crypto coin will be more stable.
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thats not point facebook decided and they're launching maybe thats much needed for them
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Many people think about that. Really need stable coins. But I think Stable coins are good for project and ICO. As a trader, They are prefer high volatile coins. So, Maybe at the coming future, crypto coin will be more stable.
Stablecoins, are very good, if you want to stop trading for a while. Instead of exchanging to fiat, and buy cryptourrency again, you can buy stablecoins, and wait until it is the good time to trade again.
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For me its Yes stablecoins are important in the market since it plays a important role to estabilized the market Since stablecoins are pegged with stable assets it will not fluctuate below further.
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if we look at 5 years back, cryptocurrency can still run and develop even though at that time stable coins did not exist,
but now stable coins have appeared and many of them,
I sometimes ask, do we really need to have a stable coin?
because I feel stable coins are made one of them to enrich the team and dev,
because if they sell coins it won't affect the market because it's a stable coin,
this is only my opinion,
so give your opinion so that I have a lot of insight.
If we find back from the last 5 years, we can see that a lot of new and stable coins are prevailing in the crypto markets like USDT, TUSD. I think we don't need new stable coins anymore.
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yes we need that for mass adoption. Some of the people, firms or institutions does not like the volatility. They will prefer stable coins that high volatility coins. at the end of the day, our aim is mass adoption. However this stable coins would trigger the slow increase of the value of bitcoin.
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I think we both do and do not need them. If you ask why that is for the mass adoption and to make people get use to the crypto network. If you ask why not, it is because it can also make the adoption harder, btc should be the stable coin and there should not be any need for any stable coins...
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The stable coins are worthless. i see no usage. USDT remains the only and only stable coin. it is unnecessary getting as many stablecoins around. it is not needed. my own point of view. one single stable coin is enough for stability. just like bitcoin and eth.
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Stable coins we need. They simplify the work with cryptocurrency and thanks to them people will become more acquainted with cryptocurrency and this will facilitate its introduction into our life. I do not see any bad sides in the appearance of stable coins.
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Cryptocurrency is a digital currency that has a fluctuating price ie the price can go up and down at any time, I don't really understand what this stable coin means, if I think that stable coin doesn't need to be in the Cryptocurrency. Because with Cryptocurrency prices that go up and down will make us get a lot of profits.
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As long as BTC is very volatile and traded as speculative investment , stablecoin is needed and to avoid losses like a major crash in 2018.
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No and yes, it's felexible when it's unstable when its stable it's will be fixed and this can only be done by the government is a matter of 50/50
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Stable coins, of course, we need. They greatly facilitate our work with the usual cryptocurrency. The more choice we have of stable coins, the better. Stable coins, backed by the money of my country, yet. I would like to see such a stable coin.
The emergence of such stable coins as Libra will also contribute to the development of cryptocurrency.
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Then why does the Libra in the Whitepaper speak stable coins?
Does Libra need stable coins?
The answer : It is certain that stable coins are definitely needed by the development of coins that already have a lot of money like Facebook.
Libra and Facebook need stable coins because they also need recognition in the new world, namely cryptocurrency.
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Then why does the Libra in the Whitepaper speak stable coins?
Does Libra need stable coins?
The answer : It is certain that stable coins are definitely needed by the development of coins that already have a lot of money like Facebook.
Libra and Facebook need stable coins because they also need recognition in the new world, namely cryptocurrency.
I see, So because they already have that lot of money what they only need now is just some kind of mark on the crypto world? Because based on my understanding stable coins will not really going to increase or decrease the price right? Anyway thank you for the informations sir.
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if we look at 5 years back, cryptocurrency can still run and develop even though at that time stable coins did not exist,
but now stable coins have appeared and many of them,
I sometimes ask, do we really need to have a stable coin?
because I feel stable coins are made one of them to enrich the team and dev,
because if they sell coins it won't affect the market because it's a stable coin,
this is only my opinion,
so give your opinion so that I have a lot of insight.
Yes think cryptocurrency is high volatile. It is good for trading and investing. so I think We dont need stable coin
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I still keep variety of altcoins from the decline that happened last year. i believe the altcoin market movement isn't smart, thus thus far I still hold the altcoin. a number of that I actually have sold for bitcoin as a result of I see growth I have to own bitcoin.
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Cryptocurrency is a digital currency that has a fluctuating price ie the price can go up and down at any time, I don't really understand what this stable coin means, if I think that stable coin doesn't need to be in the Cryptocurrency. Because with Cryptocurrency prices that go up and down will make us get a lot of profits.
@Confero,
Cryptocurrency were created to offer another kind of money, not to speculate and make you get a lot of profits.
Cryptocurrency is much bigger than that.
Cryptocurrency is a monetary revolution, not just another way to make gamblers and speculators rich (or poor).
Cryptocurrency has the chance of being a new kind of money, a better money than the current fiat money.
The role of money is not to make you rich but to be store of value, means of both payment and transfer value.
If you consider all of this, you'll see why Stablecoins are so important.
Considering cryptocurrencies just as a means to become rich, you are depicting them a niche phenomenon, something reserved to gamblers and speculators.
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The stable coins are worthless. i see no usage. USDT remains the only and only stable coin. it is unnecessary getting as many stablecoins around. it is not needed. my own point of view. one single stable coin is enough for stability. just like bitcoin and eth.
There are other stable coins that are backed up by certain assets and they are also popular among traders. Several stablecoin provides competition between them and this reduces the likelihood of the collapse of the cryptocurrency market in case of problems with one of the stablecoin. Soon Binance plans to release stablecoin backed by a pound sterling.
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yes of course for me also need to have really stable coins, because for me stable coins will also easily get good profits in the future. because stable coins also have a long future
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In my opinion on the cryptocurrency market there is a need for stable coins for the safety of investment and profit-taking when trading on exchanges. Now there are more and more such coins, but I see no need for such a variety of stable coins.
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So because they already have that lot of money what they only need now is just some kind of mark on the crypto world?
More precisely, Facebook is expanding its business in a new world (cryptocurrency).
Facebook does not want to experience losses overnight due to the effects of its unstable coin price.
So, Facebook only attaches itself to the Libra cryptocurrency to continue raising its search rating or not wanting to miss the news in the cryptocurrency business that has been widely adopted in daily life throughout the world.
BTW: I'm not "sir" but "mistress".
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I think stable coins are still good in his own way for those that need it, but my concern here is how profitable is stable coins does it increase in price value, if it does grow in times of value, that means stable coins is actually needed based on individual choice and interests to invest in stable coins.
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I think we need stable coins. They are the coins that can gain profits as well although the possibility is not really high like BTC or other top altcoins. But to save our money is safer in stable coins since the values are rather stagnant and not move high in drops or increases.
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This is a discussion issue. There can not be an unequivocal answer.If it will be stablecoins that are really backed up by the dollar then this is a very needed thing and if it's stablecoins which are not backed up by the dollar then it is a risk to you if you keep your money in stablecoins.Is any of you sure that the USDT is really backed up by the dollar? I'm not.
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if we look at 5 years back, cryptocurrency can still run and develop even though at that time stable coins did not exist,
but now stable coins have appeared and many of them,
I sometimes ask, do we really need to have a stable coin?
because I feel stable coins are made one of them to enrich the team and dev,
because if they sell coins it won't affect the market because it's a stable coin,
this is only my opinion,
so give your opinion so that I have a lot of insight.
Yes I see the crypto market is unstable and unpredictable. But It is good for day trading. For long term investment, I think we need stable coin. Because I have loss my money, the crypto price is going down and down.
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The number of stable coins will soon increase, because each country will create its own state coins, which will be backed by national currencies. But this will bring the acceptance of cryptocurrencies closer and will expand the ability to convert different national currencies into cryptocurrencies.
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In my opinion on the cryptocurrency market there is a need for stable coins for the safety of investment and profit-taking when trading on exchanges.
Right.
Quoted from #64: "Cryptocurrency traders can reduce their exposure to Bitcoin by selling their Bitcoin for stablecoins. This allows traders to keep their wealth on an exchange without converting back into fiat. This is useful for two reasons.
First, many exchanges take days to convert fiat into crypto, which means investors must wait to trade.
Second, converting back into fiat means a tax bill is coming soon, since most exchange on- and off-ramps now require KYC-AML."
The number of stable coins will soon increase, because each country will create its own state coins, which will be backed by national currencies.
Indeed.
All cryptocurrencies issued by Govs will be Stablecoins, as they will be backed by the national currency.
But also all cryptos issued by the big financial corporations in order to settle their transactions between each other, are all Stablecoins:
"Interbank settlement is a trillion-US dollar industry, as discussed in the chapter on Ripple in the June 2019 edition of the Crypto Research Report published by Incrementum.
Instead of giving away billions in revenue to Ripple, companies such as J.P. Morgan are releasing their own centralized stablecoins backed by fiat in order to settle transactions globally on a permissioned blockchain instead of legacy banking software." (#64)
Shops can't use currencies that are too volatile.
This problem was mentioned talking about Facebook's Libra.
Facebook does not want to experience losses overnight due to the effects of its unstable coin price.
That's why, if businesses will start using cryptocurrencies on a large scale, it will be Stablecoins.
Finally, people looking for an alternative currency because their national currency is subject to fast depreciation (high inflation), these people can't keep their savings into cryptocurrencies which are volatile.
They can't afford to lose 50% of their savings due to the volatility of the cryptos they converted their savings in.
"People in countries with high inflation and hyperinflation can hold on to stablecoins in order to preserve their savings. Bitcoin is too volatile for most people in Venezuela. Instead, they would prefer to hold onto cryptocurrencies backed by gold or Swiss francs." (#64)
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In my opinion on the cryptocurrency market there is a need for stable coins for the safety of investment and profit-taking when trading on exchanges.
Right.
Quoted from #64: "Cryptocurrency traders can reduce their exposure to Bitcoin by selling their Bitcoin for stablecoins. This allows traders to keep their wealth on an exchange without converting back into fiat. This is useful for two reasons.
First, many exchanges take days to convert fiat into crypto, which means investors must wait to trade.
Second, converting back into fiat means a tax bill is coming soon, since most exchange on- and off-ramps now require KYC-AML."
The number of stable coins will soon increase, because each country will create its own state coins, which will be backed by national currencies.
Indeed.
All cryptocurrencies issued by Govs will be Stablecoins, as they will be backed by the national currency.
But also all cryptos issued by the big financial corporations in order to settle their transactions between each other, are all Stablecoins:
"Interbank settlement is a trillion-US dollar industry, as discussed in the chapter on Ripple in the June 2019 edition of the Crypto Research Report published by Incrementum.
Instead of giving away billions in revenue to Ripple, companies such as J.P. Morgan are releasing their own centralized stablecoins backed by fiat in order to settle transactions globally on a permissioned blockchain instead of legacy banking software." (#64)
Shops can't use currencies that are too volatile.
This problem was mentioned talking about Facebook's Libra.
Facebook does not want to experience losses overnight due to the effects of its unstable coin price.
That's why, if businesses will start using cryptocurrencies on a large scale, it will be Stablecoins.
Finally, people looking for an alternative currency because their national currency is subject to fast depreciation (high inflation), these people can't keep their savings into cryptocurrencies which are volatile.
They can't afford to lose 50% of their savings due to the volatility of the cryptos they converted their savings in.
"People in countries with high inflation and hyperinflation can hold on to stablecoins in order to preserve their savings. Bitcoin is too volatile for most people in Venezuela. Instead, they would prefer to hold onto cryptocurrencies backed by gold or Swiss francs." (#64)
It would be better for Venisuelans to either invest in a crypto or invest in a currency tied to something (gold and so on)
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I think we need stable coins because stable coins are really a very useful coins at that time the cryptomarket is falling down.Tether(USDT),USDCoin(USDC),PAX these are stable coins.
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I think we need stable coins because stable coins are really a very useful coins at that time the cryptomarket is falling down.Tether(USDT),USDCoin(USDC),PAX these are stable coins.
It could be so, but how can we be sure, that all those "stable coins" would stay stable? That they would not say oneday, that they are bankrupts and that's the end? Everyone can say, that his token is a stablecoin, but most can not work stable forever. ???
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yes of course I also need coins that have a bright future, so I'm sure I will also get better profits in the future, seeing the growth in the price of bitcoin and the price of altcoin now also increasing.
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for me stable coins are also a good thing for us to hold now, because for me stable coins will also provide better value going forward, seeing the current price movements of the altcoin market are also increasing
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Decentralized stablecoin like Dai is actually helpful to develop a decentralized finance network (DeFi). So I think that we do need them to get to that phase. Coins that are pegged to US Dollar but are globally used without restrictions.
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I think we need stable coins because stable coins are really a very useful coins at that time the cryptomarket is falling down.Tether(USDT),USDCoin(USDC),PAX these are stable coins.
It could be so, but how can we be sure, that all those "stable coins" would stay stable? That they would not say oneday, that they are bankrupts and that's the end? Everyone can say, that his token is a stablecoin, but most can not work stable forever. ???
It depends on the system. Most of them like Tether is pegged into fiat currencies, while Dai is pegged into ETH and functions via Smart Contracts. That makes it completely decentralized. Tether has failed and uppegged from the US Dollar due to its centralized system partially. This needs more explanation. I suggest you to go to the MakerDao's website for more info.
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I like stablecoins, because, I don't need to convert to fiat, if I expect a downtrend.
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yes I also still need stable coins for me to use in trading, because for me indeed stable coins will also be easier to get profits every day with us to trade
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yes I also still need stable coins for me to use in trading, because for me indeed stable coins will also be easier to get profits every day with us to trade
But we just get small profits from stable coins because they have low volatility. I think other crypto coins are more profitable than stable coins. They have high volatility that allows them to rise very significantly. Even if they may decline/drop significantly as well. :D
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now this year is also rather difficult to determine a good coin to give a better value than 2017. although now for me I will also continue to hold good coins and have good profits in the future, so I believe that in some time the price of altcoin and the bitcoin market will also continue to grow.
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Stable coins are also good to have when the price of Bitcoin is down, stable currencies that have dollar conversions and recently there are also stable coins with rupiah conversion making it easier for investors to save their crypto assets from the trading profits they have gained
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Existing coins on the exchange have advantages and disadvantages. that's what makes the price unstable and the existence of new coins better than before every year. So why are stable coins so needed?
When bad market because of several factors such as the reduction in the interest of crypto, the issue is not safe to invest in crypto and is not sure of using crypto, from that present what is called a stable coin. in addition, stable coins are useful for maintaining market conditions against large price declines due to price increases that occur due to uncontrolled price increases (bubble).
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yes of course for me stable coins are also good for investment now and also good for long-term use, because I believe stable coin prices will also provide better prices going forward. .
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The cryptocurrency markets need stable coins so that those that want to actually invest on the stable coins we do it with no fear. But does it mean stable coins are not affected when the cryptocurrency market is down.
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we need stable coins because the way the market is dangling, you can buy a stable coins to save ypurself from loss. this has advantage on the crypto ecosystem and it will helps alot
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I think 100% need stable coins like MAPR (Maya Preferred 223 8)
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The cryptocurrency market is constantly evolving and the result of this development is the appearance of stable coins, which greatly facilitates the work with cryptocurrency. Stable coins are a kind of buffer between ordinary currency and cryptocurrency. In addition, on the other hand, it can also be a digitized ordinary currency of states, which also creates additional conveniences for people and increases their interest in a decentralized cryptocurrency.
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Stable coin purpose is to have a room for neutralizing supply and demand of many coins. Imagine the market is down, of course using stablecoin they can easily purchase major coins directly. Cause of the convenient they can have. Check out Russia currency, it is already started to get listed on some major exchangs and also China since their President support them.
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Stable coins are good but due to it's stability you can only profit much when you have enough amount of stable coins that's the only possible way you can enjoy stable coins, because if you have little amount it may not be that possible to sell it in a high price value. For me I need stable coins.
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Yes, now there are a lot of stable coins. Personally, I can’t say it good or bad, because I have never used them and haven’t. Since I do not see any perspective in them. Perhaps there is a category of people who, on the contrary, like stable coins and they believe in them.
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(https://i.imgur.com/PDpZQd6.jpg)
(https://i.imgur.com/64o0kuU.jpg)
Stablecoin is only to facilitate transactions. It can also minimize losses. However, the fee to use Stablecoin on some exchange sites is more expensive than other coins. (see photo above). So in my opinion, we absolutely don't need a stable coin. minimize losses but expensive withdrawal fees than others. lol
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I think it's not just stable coins that are looking for profit, but everything is the same as that. I think it is very necessary, because coin prices tend to be stable following USD prices
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In general, stable coins will bring additional conveniences to people, so we need them. Stable coins are convenient to use as a means of payment for ordinary citizens who do not use decentralized cryptocurrency. At the same time, they will have to show interest in conventional cryptocurrency, seeing that states use cryptocurrency and blockchain technology.
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It could be so, but how can we be sure, that all those "stable coins" would stay stable? That they would not say oneday, that they are bankrupts and that's the end? Everyone can say, that his token is a stablecoin, but most can not work stable forever. ???
Gold has been proving for 5000 years now to be the most stable currency in the world.
Gold never goes bankrupt
:)
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Gold has been proving for 5000 years now to be the most stable currency in the world.
Gold never go bankrupt
:)
Gold is not a currency for calculation, moreover, it is not suitable for payment on the Internet, therefore stable cryptocurrencies are created for this, which are convenient for using as payment for goods on the Internet and for trading on crypto exchanges. Stable coins are created supported by gold, dollar, euro and other currencies, this is a convenient solution for use on the Internet.
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Stable coins are coins that aims at reducing the rate of losses to traders and even the projects at large. With the little reduction of losses in the carrying out of all needed activities for the success of projects, and the reduction of losses when the market is on a high speed down, that is where its advantage comes in. So, it has gained its place in the market now, and being used.
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(https://i.imgur.com/PDpZQd6.jpg)
(https://i.imgur.com/64o0kuU.jpg)
Stablecoin is only to facilitate transactions. It can also minimize losses. However, the fee to use Stablecoin on some exchange sites is more expensive than other coins. (see photo above). So in my opinion, we absolutely don't need a stable coin. minimize losses but expensive withdrawal fees than others. lol
yes you are right, in some stable exchange transaction fee coins are even more expensive than altcoin.
and I also think, we don't really need stable coins. one or two stable coins is enough for the crypto market, too many stable coins will only create more altcoin shit on the market. for what there are many stable coins, but do not have a trading volume.
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At present, cryptocurrenc going to end up.but i am don't beupset because of,i have same cryptocurrency. such as bitcoin,Eth,ltc,ripple and same financial token.resently crupto market condition is not good i am wating for crypto market good condition i think cryptocurrency added any Country.
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Stablecoins are being used by exchanges mostly now but in the future, I'm sure stable coins will be used by many governments and vendors.
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Yes, that is not to say that cryptocurrency did not exist 5 years ago. cryptocurrency has now become popular. People in each state are tied to the bridge with crypto. You have asked, do we really need to have a stable currency?
I would say yes, it should.
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Stable coins is not really be needed in cryptos market. they make it so they can produce and make a lot money in a thin air out there. easy money or a quick scheme money for the owners only. Just think how much they can made by only making this so called stable coins at the market. Such a scheme to get easy money.
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A stablecoin is a non-volatile cryptocurrency, typically pegged to a currency such as USD or EUR.I think there are, and we don't need them.
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Gold has been proving for 5000 years now to be the most stable currency in the world.
Gold never go bankrupt
:)
Gold is not a currency for calculation, moreover, it is not suitable for payment on the Internet, therefore stable cryptocurrencies are created for this, which are convenient for using as payment for goods on the Internet and for trading on crypto exchanges. Stable coins are created supported by gold, dollar, euro and other currencies, this is a convenient solution for use on the Internet.
Yes, stable coins are very convenient to use, because they combine the capabilities of cryptocurrency and regular currency.
Gold has always been, is and will be a reliable means of storing value and a universally accepted means of payment. All these types of financial settlements should and will exist in parallel with each other and will positively interact with each other.
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Yeah, i think we needed stable coins to stabilize the market from total fall. When bitcoin and other altcoins are experiencing bear market, many will switch over to stable coins, at least to reduce some market lost.
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Gold has been proving for 5000 years now to be the most stable currency in the world.
Gold never go bankrupt
:)
Gold is not a currency for calculation, moreover, it is not suitable for payment on the Internet, therefore stable cryptocurrencies are created for this, which are convenient for using as payment for goods on the Internet and for trading on crypto exchanges. Stable coins are created supported by gold, dollar, euro and other currencies, this is a convenient solution for use on the Internet.
You are right, as far as you are talking about pieces of metal.
You are not right, if you are talking about gold-backed cryptocurrencies :)
Through gold-backed cryptocurrencies, gold becomes suitable both for payments on the Internet and for trading on crypto exchanges.
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For me its Yes! stablecoins has its own function in the cryptocurrency industry, It will be the backbone and stabilizer of the cryptocurrency market, without stablecoins, there was no pair for Bitcoin and stablecoin like (USDT) a Dollar pegged crypto stablecoin that work as a proxy between cryptocurrency and fiat. that was my opinion about it.
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stablecoins has its own function in the cryptocurrency industry,
Of course, that's why they are created by its platform. People who are interested to keep their money with safe value, can choose stable coins. Why? There is very little change in stable coin's price, so people are no need to worry their assets values to decrease much.
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I support the author of this topic, and my opinion is similar to his! .Stable coins in my understanding are like dollars. Their price fluctuates by small fractions. One plus from stable coins is that you can change bitcoins and sell stable coins at a fixed price. This is Fiat money in the cryptocurrency industry.
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Stable coins will of course not give huge profits to the trader. We trade in the hopes that the coin can move upwards. So we have an increase in prices can make a profit.
But the stable coin I suppose should exist because to keep the crypto market ecosystem. The team and the developer certainly also need a profit and we must also be intelligent before deciding to invest in the coin.
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I believe we do need a stable coins, I have earned some profit from my investment in altcoins, but because of the volatility in the market I decided to keep it in stablecoins, which I believe it was a good idea coz the next day I wake up the market crash.
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I need stable coins in order to keep my investments there at times, because the cryptocurrency market is constantly falling and at this time I immediately transfer my investments to stable coins and I wait for the drop to stop.
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I need stable coins in order to keep my investments there at times,
It is a good choice if you want to keep the value stable. As stable coins don't move their prices easily like other crypto coins, people use them to make their money safe. However, for people who want more profits, they will prefer to buy Bitcoin or Ethereum. ;)
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Of course, we really need stable coins, since they are a good buffer between cryptocurrencies and ordinary coins. However, stable coins are also different. Now they began to massively prepare for the issue of national stable coins of various states. This is probably a new stage in the development of cryptocurrency. They should be perceived in a completely different way by people, because behind them is the authority of states, not business structures, as it was before.
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We do need stable coins as it is very useful, thats why many teams want to create a stable coin because of its demand. Cryptocurrency is very volatile thats why theres a stable coin that boom but what we need is a real stablecoin backed by 1 is to 1.
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I believe we do need a stable coins, I have earned some profit from my investment in altcoins, but because of the volatility in the market I decided to keep it in stablecoins, which I believe it was a good idea coz the next day I wake up the market crash.
I think it's much better and safer to store in fiat currencies. The dollar is much safer than any stable coin. I don't store in stable coins because I still don't trust them. I don't know if they are fully secured with a 1: 1 dollar. I don't particularly trust Tether. It would be much better if the stock exchanges had the ability to store in a regular dollar
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If we consider stable coins as salvation from volatility, then yes, they are certainly necessary, and this is their benefit. We can fix the value of our assets at any time. Today, stable coins do not perform any other function, in my opinion.
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But does it mean that stable coins price remains stable without the value going down, if yes I think I will really accept the idea of stable coins been accepted in the crypto world.
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The idea of a price-stable cryptocurrency has been in the air for a long time. For this reason, building a “stablecoin” has long been considered for the pinnacle of development of the cryptocurrency ecosystem.
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Yes we really need stable coins like stable USD, USD,. If bitcoin and Ethereum stable then maximum project would be succeed.
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Every token or coin is created to enrich the team or dev if that be the case. Nevertheless we need stable coin in the market else we will lose a lot to the volatile market
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Yes we really need stable coins like stable USD, USD,. If bitcoin and Ethereum stable then maximum project would be succeed.
I am a fan of regular USD. If every exchange had USD on the exchange then we wouldn't need stablecoins. But market owners are not comfortable with having USD. It is advantageous for them to create a stablcecoin and tell everyone that 1 stablecoin is backed by 1$. But we don't know that for sure. I don't trust stablecoins
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For me, we dont need stable coin because stable coins hinders the growth of bitcoin. Imagine without stable coin, whales cannot manipulate the price of bitcoin but stable coin is needed if you are a trader and that is very important. Further, If mass adoption comes, countries will stick to stable coins in order to avoid the volatile prices of cryptos.
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Interesting !
I find stablecoins very useful and important for usage of crypto.
Shops will more ease accept dollarcoin that some coin that's price jumps everywhere.
Better use DAI for stablecoin.
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i think we do need stable coins because they can be used to tag fiat currencies to cryptocurrencies. this will help to maintain equal value between crypto and fiat. also people can convert their crypto from fiat to fiat money and vise visa. it is necesssary and we can't do without such. stablecoins are a perfect way to pair the fiat currency to crypto.
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Actually Cryptocurrency does not need a stable coin, because cryptocurrency is volatile. But because of this fluctuating value, it is difficult for Cryptocurrency to be accepted by some people. And the presence of stable coins aims to provide the benefits of cryptocurrency with volatility stability equivalent to the US dollar, so that cryptocurrency can be easily accepted by the public in general.
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Gold is not a currency for calculation
@contangem,
Gold can be a currency for calculation as much as any other currency: How much costs this car? 3 ounces.
Gold has been a currency for calculation in the past, for centuries.
Silver too
...moreover, it is not suitable for payment on the Internet
Yes it is, as gold-backed cryptocurrency.
Gold-backed cryptocurrency is nothing but gold, whose ownership title get tokenised, runs and gets exchanged on the blockchain.
Through blockchain you can sell, send, spend your gold very easily.
Through blockchain you can use your gold as a means of payment.
Through blockchain gold becomes currency again.
Thank you blockchain! :)
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I think stablecoin is only for alternatives if the market is down. So i use Stablecoin when I don't have the option to buy coins and worry about seeing crypto prices when bad market. During this time Stablecoin really helped me to avoid losses.
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Reasons People Use Stablecoins
1. Exchanges: Cryptocurrency traders can reduce their exposure to Bitcoin by selling their Bitcoin for stablecoins. This allows traders to keep their wealth on an exchange without converting back into fiat. This is useful for two reasons.
First, many exchanges take days to convert fiat into crypto, which means investors must wait to trade.
Second, converting back into fiat means a tax bill is coming soon, since most exchange on- and off-ramps now require KYC-AML.
2. Inflation hedge: People in countries with high inflation and hyperinflation can hold on to stablecoins in order to preserve their savings. Bitcoin is too volatile for most people in Venezuela. Instead, they would prefer to hold onto cryptocurrencies backed by gold or Swiss francs.
3. Interbank settlement: Interbank settlement is a trillion-US dollar industry, as discussed in the chapter on Ripple in the June 2019 edition of the Crypto Research Report published by Incrementum. Instead of giving away billions in revenue to Ripple, companies such as J.P. Morgan are releasing their own centralized stablecoins backed by fiat in order to settle transactions globally on a permissioned blockchain instead of legacy banking software.
https://ingoldwetrust.report/wp-content/uploads/2019/05/In-Gold-We-Trust-2019-Extended-Version-english.pdf
p247
So i use Stablecoin when I don't have the option to buy coins and worry about seeing crypto prices when bad market. During this time Stablecoin really helped me to avoid losses.
Right. See 1.
I think stablecoin is only for alternatives if the market is down.
Wrong. See 2 and 3
:)
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In any case, we need stable coins. They greatly facilitate the work with cryptocurrency. However, national stable coins of various states will soon appear in large numbers and they will make some adjustments to the cryptocurrency market. On the one hand, people will be more interested in a decentralized cryptocurrency, however, it is likely to be less used as a means of payment. Stable coins of states in this regard will be more attractive to many, in any case, at first.
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We need it to anticipate the price of all altcoins becoming dumps.
The reason is to stabilize our funds for trading, if in an Exchange account we often see "balance".
This balance is usually seen with the state of our money, if the coin is stable then our "balance" will be stable.
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Stable coins are needed in the field of information technology and data security, in finance. Many countries create their own cryptocurrencies, there are already more than 10 of them, and this trend will continue to develop
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Only certain people who like and need a stable coin. I rarely use stable coins because I often trade using coins that have the potential to increase. Stable coins are only a counterweight to the market when the market down.
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Stable coins are still not widely used, but most often these are national cryptocurrencies of different states such as England, China, Singapore. I think the future of decentralized cryptocurrencies
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It is unfortunate that I do not have interlocutors on the issue of stable coins. Yesterday I wrote my opinion, I am waiting for an answer. It seems to me the future for steib coins. They will be recognized in every country.
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I think stable coins are important especially when the prices of some cryptos drop. Then, you can use stable coins to buy. Thus, you’ll be needing them as good investors.
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The big investor will not take the risk to invest in the market if there is no stable coin. If you are an investor then you don't want to have BTC or ETH like a coin in your balance when its a bull run. Also stable coin help traders to do profit even in the bull market condition. So I think a stable coin is very useful for traders to minimize their loss do more profit.
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In fact, i think a perfect cryptocurrency would be eventually more or less stable. This sounds weird but if we want it to replace fiat we should face it. So yeah, stablecoins are good IMO
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Stablecoins are fine only when it's temporary and they aren't able to fill the gap between crypto and fiat money when it comes to the adaption or global usage - not a single cryptocurrency is able to do this, so I'll wait for something new to come up in the next decades, a new 'thing' maybe based on blockchain too, something that'll be able to fully replace fiat currencies.
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Stable coins are not yet dispersed in the world, but everything is just beginning. The creation of national cryptocurrencies in countries such as China is actively underway and this will affect the global economy, taking into account exports and imports.
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Stable coins are now needed by states. They have already seen the advantages and conveniences of digital currencies and will soon massively issue their national stable coins, which are actually their digitized national currency. Apparently, in a few years, almost every state will have its own stable coin. At the same time, states will not even be interested in how we feel about their stable coins.
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Now there is an active development of cryptocurrencies in China, although officially there is no such stable coin yet. Coin testing is ongoing at the state level. Mass reception of cryptocurrencies in China at all levels is being prepared
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Fiat currencies are very volatile. This is due to the virus and the closure of air services, river and sea transport. I think stable coins have a future in the current financial situation.
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Stable coins are now needed by states. They have already seen the advantages and conveniences of digital currencies and will soon massively issue their national stable coins, which are actually their digitized national currency. Apparently, in a few years, almost every state will have its own stable coin. At the same time, states will not even be interested in how we feel about their stable coins.
Yes, now we see that states have begun to actively develop their national stable coins for issue, and we can assume that in the future each state will have its own stable coin, which will be priced at their regular currency. This will have both positive and negative sides for a decentralized cryptocurrency, however, this process is inevitable and irreversible.
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As a penetration of the volatility value from Crypto I think it's very necessary. At least to keep our assets not too far from the word impairment.
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In this regard, I found the article about it, it's worth to check it I guess,https://this Url is blocked due to spam/en/blog/stablecoins-a-world-wide-battleground
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At this current scenario, yes, we need stable coin to lesser the major risk with regards to zero profit. I believe there are disadvantages and advantages depends to market movement. To invest with this coin is upon our choices.
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Yes, we need stable coins because it is the option in bearish time. There are some people to choose stable coins to keep their money during bearish. If we have no stablecoins, people must covert their funds to fiat. So, the stablecoins are needed in the crypto space.
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Yes, because we need to use fiat 24/7 for trading or anything else, when banks start to have a better system, allowing us to transfer money anytime stable coins will not be necessary but for now we need it because banks simply can't handle money 24/7.
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Stable coin as of now is to bring some level of stability to the market. When there is dip people can change their assets to stable coin to minimize loss and that helps a lot. We really need stable coin for now at least to minimize our loss
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For me, the stable coin is hard to make a profit. So I prefer a coin that has fast movements. I do daily trades, so I can easily make a profit every day. As in the Binance exchange that many coins have a very fast price movement. But all the decisions are on you because there are people who choose stable coins for investment (because there are not many risks).
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Stable coins are very helpful when working with cryptocurrency. There is no doubt about that. However, our opinion on stable coins has practically no significance. The states have already understood the advantages of using their digitized currencies and will in any case use them in the future as a new form of payment. The advent of coronavirus markedly accelerated the transition to the use of stable national coins of states. Paper money has become ineffective and too expensive to maintain. Of course, the transition to the use of stable coins will take a very long time and may not fully end.
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As it is stablecoins, the price cannot move significantly, so it doesn't fit for investment. But if we consider keeping money, so the amount of money won't decrease, then the stablecoins fit for you. Whether it is needed or not, depends on the user or the holder. However, overal stablecoins are good to exist in crypto space.
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I don't really like and often use stable coin. If there is something important or bad market news I will use. Stable Coin I use more precisely when I want to wait for a bad market to recover and buy back another coin
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stable coin is the most suitable for payment...
so that mass adoption can occur in the future then stable coins must remain, Bitcoin and other coins are not very suitable for payment but Stable coins are very suitable because the price stable.
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Yes, we probably need it for the shake of the stable coins. They are available to be used for such kind of payment, trading pairs, and also be used for such kind of transactions. However, I mostly prefer only to the USDT and probably BIDR as what in my country currently emerged.
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Stable coins are immune to volatility and inflation. It can be used to issue and receive consumer loans and for various purposes, without fear that the token rate could change in any direction during the transaction.
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The use of stablecoins will extend access to a stable currency for those who need it. The relative stability of the US dollar against the currencies of other countries is taken for granted
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of course We need it The reason many people join stablecoins is to hedge their risks, especially when the market is in decline today
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An accessible digital decentralized tool with stable prices would be a great alternative for people living in countries with volatile monetary systems and tight state capital controls.
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Stablecoin is a one kind of cryptocurrency which offers low volatility against the world’s major national currencies, unlocking the benefits for decentralized technology. Stablecoins can be defined as a cryptocurrency with a fixed price. A reliable stablecoin offers a number of use cases than that of the blockchain. People no more need to worry about the fluctuations in prices of the cryptocurrency daily while buying them. So I think it strongly need in Crypto currency.
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Yes is very usefull for people how make trading,they use stable -pair coins for a stop loss,in this way don't lose to much money.
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Of course, a stable currency leaves us less financially exposed and makes the market more stable against volatile currencies.
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Playing safe from volatile market is what I think the resolution of stable coins. There are dump and pump coins that can make us rich or poor in just one night. Stable coin is different, it doesn't matter whether the market is falling or rising. The price won't be affected coz it is stable.
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Stable coins make it much easier for us to work with cryptocurrency. This is a buffer zone in cases where we want to quickly withdraw our funds from any cryptocurrency, or even transfer from one cryptocurrency to another, but there is no direct pair for this. Or just wait for a suitable investment opportunity for a while.
Soon, states will launch national central bank stablecoins, that is, their digitalized currencies, and this will create even more convenience.
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Why not, stable coins are very much important in cryptocurrency market because an investor need a stable coins to reserve his own assets. Sometimes I convert my Ethereum and bitcoin into USDT stables coins.
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The aim of most (if not all) stable coins are to maintain a market of low or no losses. These coins are also there for those who easily freakout when there is a deep in the entire market. True crypto enthusiast does not like stable coins, because it is not profit oriented, it remains the way it is.
it is clear that with crypto constantly fluctuating, it will certainly be profitable for those who make investments. because the difference from what happens to the token is the profit that will be obtained, but not also the movement that moves quickly because it is difficult to determine a good analysis.
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though to me, stable coin is needed to put trust in some newbie i crypto that it can be stable and the likes, and its also a means of increase more to invest and theirby increase on the long run. stable coin is just like safe investment.
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though to me, stable coin is needed to put trust in some newbie i crypto that it can be stable and the likes, and its also a means of increase more to invest and theirby increase on the long run. stable coin is just like safe investment.
I still don't patronize stable coin. They were just created out of thin air and the dev just declare that is 1USD ea. with some fund backing that is actually cannot support the whole supply of token. It is a mere propaganda to take your USD and present us with fake USD in form of cryptocurrency. When everything in crypto is regulated, I am sure one that will meet a problem is this stablecoins.
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Citizens will certainly support the digitized stablecoins of their central banks as they combine the advantages of conventional currencies and cryptocurrencies.
For participants in the cryptocurrency market, stablecoins of business structures and states are also convenient in work and greatly facilitate it and provide additional convenience. Therefore, stablecoins are essential for everyone.
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though to me, stable coin is needed to put trust in some newbie i crypto that it can be stable and the likes, and its also a means of increase more to invest and theirby increase on the long run. stable coin is just like safe investment.
I still don't patronize stable coin. They were just created out of thin air and the dev just declare that is 1USD ea. with some fund backing that is actually cannot support the whole supply of token. It is a mere propaganda to take your USD and present us with fake USD in form of cryptocurrency. When everything in crypto is regulated, I am sure one that will meet a problem is this stablecoins.
I partly agree with you, except stablecoins cannot only be backed by fiat money. Fiat-backed stablecoins, in my opinion, aren't the greatest either. Nor are crypto backed ones. But take for example algorhytmic stablecoins. By having sound policies and regulating the issuance of money according to price fluctuation, they make trading a lot safer and protect from bubble effects.
I get that this is not suitable for lots of crypto enthusiasts but it is definitely alluring to "traditional" investors and if we want to have a shot at cryptos becoming more mainstream, I think we need stablecoins.
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Indeed, by looking at the development of the cypto coin for the past 5 years. I myself prefer to play it safe with stable coins. Nowadays a lot of new coins are popping up even at fantastic prices, but I still hesitate to invest. Because indeed we need a lot of consideration before finally investing in crypto.
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My opinion; Stable coins are really essential for the crypto market. It gives us the chance to keep assets safe without leaving the market and to process them quickly when the markets start to rise. Not to mention the fees you have to pay in order to convert to local currencies and log back into cryptocurrency.
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Stablecoins are what really makes cryptocurrency tick. You need a coin to tether when the price is swinging wildly
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Of course we need stable coins in order to keep our assets safely in them, without the risk of losing them.
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stable coin indispensable everyone trading in the crypto to reduce losses decrease if stablecoin not there then I think everyone will be worse because of the price of bitcoin and altcoin very unstable so stable coin a solution for traders to minimize losses inflicted when prices dump.
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though to me, stable coin is needed to put trust in some newbie i crypto that it can be stable and the likes, and its also a means of increase more to invest and theirby increase on the long run. stable coin is just like safe investment.
I think investors also need stable coins in the crypto market for asset security and market stability. After a coin is sold, the assets can be converted into a stable currency to keep it safe, then it can be easily invested in another coin. Instead you have to pay a fee to convert to local currency and log in to the cryptocurrency again.
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We definitely need a stable currency. Because a stable currency never declines. Bitcoin prices will be much better if stabilized. It also contains BNB. If the price of coins is stabilized, it will be much better. If the system will increase the price but not decrease it will be the best. Stable ones are what people like the most and investors are the most.
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traders needs this type of coin among all. whenever market undergo correction this coin will stop the loses of the traders because it won't be affected even the whole market is decreasing.
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Stable coins are coins that do not lower in price. The value status of stable coins is the best. Goodbye is the best choice of the people. Stable coins are much more popular. If we buy and invest stable coins, then it does not have a rickshaw. Such as USD. So it is very necessary to make us stable.
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its good they now exist, i mean some times, this stable coins can be a life saver, the team selling doesnt really matter as long as the price continues to stay stable, the major role stable coins play is that we can easily convert to stable coins when ever the market is going down which have been very helpful is am asked
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Stable Coin is really nessery for Crypto market because sometimes we will need to store our fund into a safe currency ( we can say stable coins ) .
Their is already some Good stable coin present In market , like Usdt ( tether ) , dai , etc . Both coin have great coinmarketcap value also. I always go with tether because this is best stable coin.
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Stable coin basically help to maintain the real value of the coin at every point in time. It is less volatile compared to Bitcoin, Ethereum or any other cryptocurrency assets.
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What i think about stable coin is when see market is going i just convert my coin in stable safe my self from losing money stable coin is good for losing funding.
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In my opinion, no one should have any doubts about the necessity and usefulness of stablecoins in cryptocurrency. Stablecoins have been around for several years and have proven to be useful and easy to use. Since we are dealing with private and other commercial stablecoins in the cryptocurrency market, the issue of security when using them remains. This issue, apparently, cannot be resolved without the participation of states.
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In my opinion, no one should have any doubts about the necessity and usefulness of stablecoins in cryptocurrency. Stablecoins have been around for several years and have proven to be useful and easy to use. Since we are dealing with private and other commercial stablecoins in the cryptocurrency market, the issue of security when using them remains. This issue, apparently, cannot be resolved without the participation of states.
But at the same time, there is no talk of any decentralization and confidence that our funds belong to us.
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if we look at 5 years back, cryptocurrency can still run and develop even though at that time stable coins did not exist,
but now stable coins have appeared and many of them,
I sometimes ask, do we really need to have a stable coin?
because I feel stable coins are made one of them to enrich the team and dev,
because if they sell coins it won't affect the market because it's a stable coin,
this is only my opinion,
so give your opinion so that I have a lot of insight.
Yep, we need stable coin to save our find when the market is unstable or bearish.
Stable coin is the standard of the value, So it's the same like dollar.
But several people prefer in bitcoin than stable coin.
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Stable coins always needed when the market go down and unstable.
I agree with this opinion.
But If we think market will recover again, better to keep our assets in top coins.
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Stable coins are a good part of the crypto ecosystem because it is an oasis of help ad assistance in a severe bearish situation when markets tend to tumble. Thus even now the bear trend is high, it is most needed
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Stable coins are a good part of the crypto ecosystem because it is an oasis of help ad assistance in a severe bearish situation when markets tend to tumble. Thus even now the bear trend is high, it is most needed
Yes, liquidity in the form of stable coins is necessary.It is important that these coins are backed by real assets.
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Stable coins are a good part of the crypto ecosystem because it is an oasis of help ad assistance in a severe bearish situation when markets tend to tumble. Thus even now the bear trend is high, it is most needed
Yes, liquidity in the form of stable coins is necessary.It is important that these coins are backed by real assets.
Yeah, stable coins are needed. As you said these coins are backed by real assets.
And when the market unstable , I think we can convert our assets to stable coins.
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if we look at 5 years back, cryptocurrency can still run and develop even though at that time stable coins did not exist,
but now stable coins have appeared and many of them,
I sometimes ask, do we really need to have a stable coin?
because I feel stable coins are made one of them to enrich the team and dev,
because if they sell coins it won't affect the market because it's a stable coin,
this is only my opinion,
so give your opinion so that I have a lot of insight.
I do believe that having stablecoins in the crypto ecosystem now is a good thing. I understand back then we didn't have stablecoins and we couldn't also hodl our investment during bear market as we can now back then. You will have to watch your crypto value drop or you have to sell into fiat and back to your bank but having stablecoins has changed all that.
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I agree with opinions above, stable coins are suitable for keep your fund when the market is volatile.
As we all see at bearish season.
Market is really volatile.
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The main thing is to always have a free amount, which, if anything, you can spend on buying promising coins if the market does not find its bottom.
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I think stable coins hold the potential to be used as a payment option. They offer all the benefits of cryptocurrencies, be it security, decentralization, speed but they are not volatile like them which I believe is the biggest hindrance when it comes to using cryptocurrencies for payments. These are the reasons I too have offered stable coins (usdt nd usdc with capitalwallet) to my customers and I have also received a really good response from them.
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Stable coins should be in order to protect their capital in the market, it is necessary for a short investment.
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Well, let's put it this way-they are devoid of volatility, provided that there is no manipulation on the part of the issuer...but we also have to remember that our funds as a whole do not belong to us if there is a centralized issuer behind them