Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Stable Coins Forum => Topic started by: Malam90 on November 25, 2020, 01:18:16 AM
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Stable coins are cryptocurrencies that try to offer the price stability with backed by reserved assets like USD, GOLD etc. In cryptocurrency, stable coins are created to solve many issues related to volatility and amplify to provide more utility. Stable coins are used as a method of parking money during the trade. It is also used as a base currency like USD. The first and foremost aim of using stable coins is to maintain stability that will help traders to retain their portfolio value against volatility. Traders, holders and users can know their portfolio value or transfer value with real assets like USD, EURO or Gold. In times of need or when traders or investors think this is time to stop their trade and keep their value before volatility, they can exchange their cryptocurrencies with stable coins. Job holders in cryptocurrency related firm can get their salary on the basis of stablecoins and remittance fighters can use it to send their remittance to their native countries within few minutes.
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Stable currency is very important in cryptocurrency . It is not only important, it also very Necessary. Stable coin need for Balance all currency. I cannot think trade or transection without stable coin. USDT is important Stable coin. I use usdt randomly. Without Stable coin Cryptocurrency Market will be Complected. So i think Stable coin is very important for Crypto-currency Market.
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Stable coins are cryptocurrencies that try to offer the price stability with backed by reserved assets like USD, GOLD etc. In cryptocurrency, stable coins are created to solve many issues related to volatility and amplify to provide more utility. Stable coins are used as a method of parking money during the trade. It is also used as a base currency like USD. The first and foremost aim of using stable coins is to maintain stability that will help traders to retain their portfolio value against volatility. Traders, holders and users can know their portfolio value or transfer value with real assets like USD, EURO or Gold. In times of need or when traders or investors think this is time to stop their trade and keep their value before volatility, they can exchange their cryptocurrencies with stable coins. Job holders in cryptocurrency related firm can get their salary on the basis of stablecoins and remittance fighters can use it to send their remittance to their native countries within few minutes.
personally i feel that stable coin makes us extra advantage to earn more money. such a example if we convert our any crypto to stable coin when market going to down then we are safe for using stable coin. so its need to all crypto lover.
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I learned a lot of good information.You yourself are a very wise man.And your posts are very informative.Thank you very much.I think the stable coin will come in the next few days Will go to the leading position. And it will make the market much more sustainable.And I hope that will provide some additional benefits.
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Stable coins are cryptocurrencies that try to offer the price stability with backed by reserved assets like USD, GOLD etc. In cryptocurrency, stable coins are created to solve many issues related to volatility and amplify to provide more utility. Stable coins are used as a method of parking money during the trade. It is also used as a base currency like USD. The first and foremost aim of using stable coins is to maintain stability that will help traders to retain their portfolio value against volatility. Traders, holders and users can know their portfolio value or transfer value with real assets like USD, EURO or Gold. In times of need or when traders or investors think this is time to stop their trade and keep their value before volatility, they can exchange their cryptocurrencies with stable coins. Job holders in cryptocurrency related firm can get their salary on the basis of stablecoins and remittance fighters can use it to send their remittance to their native countries within few minutes.
Its a clear vision of stable coin. I have found a good details here why we really need stable coins. One if the thing i wanna mention that trading on pair stable coin makes your profit ratio high.
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The stable coin is more of a stable price and this has been evident from 2017. This is my Experience with USDT dan USDC on market local ,and i like it .
To balance this stable coin it should also have good funds from FIAT but it is very dangerous for other coins because for USDT this can be an escape from the price of Dump altcoins.
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Last month, Tether issued nearly half a billion coins in response to the rise in bitcoin and the increased activity of traders. More and more people come to the cryptoindustry, learn to trade, and understand the importance of stablecoins
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I think stable coins will definitely make a good position in the near future.But yes, it would not be bad if people started accumulating gold or diamonds.Because it is possible to earn income through stacking or swap.
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Last month, Tether issued nearly half a billion coins in response to the rise in bitcoin and the increased activity of traders. More and more people come to the cryptoindustry, learn to trade, and understand the importance of stablecoins
Exactly, dear mate. Tether had to issue nearly half Billion new USDT tokens after Bitcoin started bull run in the mid October. To maintain market market demand, they had to issue new coins and distributed 185M tokens to the exchanges. Tether marketcap has grown nearly 450% in the last 11 months which is extra ordinary performance or demand of USDT what we say.
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Stable Coins are very very important for crypto market. Without stable coons people will face many problems. Because if the crypto market goes down all coins holders will get losses there is no way to stop losses without stablecoin. Because of stablecoin they can easily trade and make more profit. Stablecoins are a game changer for crypto trading
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Stable Coins are very very important for crypto market. Without stable coons people will face many problems. Because if the crypto market goes down all coins holders will get losses there is no way to stop losses without stablecoin. Because of stablecoin they can easily trade and make more profit. Stablecoins are a game changer for crypto trading
It is very important for a trader to keep safe his funds in a volatile market. Cryptocurrency is volatile he needs such a coin that can hold his portfolio value without drop or changes. Hence only stable coin can peg his asset value by exchange in stable coins. That's why we need stable coins in times of volatility market or even normal period. When i think this is time to remain from trade, i exchange to USDT and wait for further investigation.
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In cryptocurrency stablecoin is treat as conventional currency. It's kind of a digital asset that helps us to stick in profit even market moves in downward. It's designed to minimize the losses cause cryptocurrency market is extremely volatile to control.
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The more stablecoins we have, the more chances the market has to continue its growth!I think an increase in the number of usdt stablecoin is a steep chance to gain a foothold above 20,000 in price!
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The more stablecoins we have, the more chances the market has to continue its growth!I think an increase in the number of usdt stablecoin is a steep chance to gain a foothold above 20,000 in price!
We need more stablecoins for the development of cryptocurrency and to retain the value of assets in volatility but we don't need any shit stable coin in future like shit coins that can't fulfill the demand of the investors and traders. Hence, USDT, USDC, BUSD can be inspiration of the new stablecoins.
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Thank you very much. You have presented very nicely why we need cryptocurrency stable tokens. Thank you so much again for arranging it in such a beautiful way. You have arranged it in such a way that others do not have any difficulty in understanding.
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Many fees are required to transact USDT erc20. But there is no fee for USDT TRC20 transaction. As far as I know, there is a very low fee required to transact USDT TRC20 on different exchanges. However, it costs a lot more to transact USDT erc20. However, there is no fee to withdraw USDT TRC20 from binance.
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Many fees are required to transact USDT erc20. But there is no fee for USDT TRC20 transaction. As far as I know, there is a very low fee required to transact USDT TRC20 on different exchanges. However, it costs a lot more to transact USDT erc20. However, there is no fee to withdraw USDT TRC20 from binance.
That's right, I also really like to make transfers in USDT TRC20, on the throne the commission is practically zero, in comparison with the ERC - 20
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Many fees are required to transact USDT erc20. But there is no fee for USDT TRC20 transaction. As far as I know, there is a very low fee required to transact USDT TRC20 on different exchanges. However, it costs a lot more to transact USDT erc20. However, there is no fee to withdraw USDT TRC20 from binance.
That's right, I also really like to make transfers in USDT TRC20, on the throne the commission is practically zero, in comparison with the ERC - 20
People are now using USDT for taking zero fees opportunity, i also take it. :)
Now Ethereum and Bitcoin gas fee touches the sky so users are finding an alternative way to escape fees. Hence USDT TRC20 are helping them a lot.
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Just as you said, stable coins are very important because we can use them to protect our coins to avoid volatility in crypto markets. I think if there are no stable coins in crypto markets, then we can see huge losses almost every day.
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Stable coins account for a large amount of assets in the entire crypto capitalization, and the volume of transactions is also extremely large. Based on the volatility of the number of stable coin assets in the market, we can predict how the current trend is, whether investors are buying crypto or taking profits through stablecoins. Currently stable coin is being issued more and more, signaling an upcoming uptrend.
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I don't think that altcoins will have any value if they don't have Fiat or stable coins that support them.
except maybe these altcons are supported by Bitcoin, Ethereum or Binance coins which already have a very large market cap.
The function of the coin stable coin is to prove that the altcoins created have an alias value will not end in SCAM !
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I have a Fiat Stable coin from my country, namely Indonesian Rupiah but in the form of BIDR on the Binance Exchange.
I haven't done anything out of the ordinary to keep speculating with cryptocurrency, be it Bitcoin or altcoins because today I don't want to be called greedy.
The market is getting higher its market cap and the price of all cryptocurrencies is getting higher, I'm not prejudiced but someday there will be Bearish and for sure I have the BIDR to buy all the altcoins that are dumping.
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Stablecoin is very important for any cryptomaniac. It's a lifeline if bears come to the market. You can always go to Stablecoin and wait out the market fluctuations and drawdowns in your wallet.
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Just as you said, stable coins are very important because we can use them to protect our coins to avoid volatility in crypto markets. I think if there are no stable coins in crypto markets, then we can see huge losses almost every day.
Yes, I agree . We can sell our coins at bullish then convert to stable coin like USDT. So, I think stable is good coin to protect our coin against volatility. While dump we can buy more coin and staring to hold. I think stable coin is really usable.
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because exchanger can not or not support payment fiat money all country in the world
if support several country with big fee use bank wire transfer
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Yes, it really provides very good information for USDT using the TRC20 blockchain at a very low cost, even 0.
Even now, BUSD from Binance when sending coins using the Binance Smart Chain Blockchain costs 0 for fellow Binance Smart Chains.
Indeed, this stable coin is really needed in the cryptocurrency market because I am sure that I also have a stable BUSD coin in the Binance wallet to anticipate a Dump.
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Stablecoins are needed because the cryptocurrency market falls too often, and at this moment cryptocurrencies are needed that do not fall and do not grow in price, and its stablecoins and if there were no stablecoins, then already long time ago most people would have lost a lot of money, and therefore it is good that there are stablecoins and, most importantly, that there are a lot of them and there is plenty to choose from.
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Stablecoins is fastest way to buy crypto in big amounts
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I remember the period when there were no stable coins yet and then the gap between cryptocurrency and fiat was sharply felt. Stable coins just became the bridge that connected decentralized cryptocurrency and national currencies of states. Using cryptocurrency has become much more convenient. Cryptocurrency develops and becomes available to people.
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I learned a lot of good information.You yourself are a very wise man.And your posts are very informative.Thank you very much.I think the stable coin will come in the next few days Will go to the leading position. And it will make the market much more sustainable.And I hope that will provide some additional benefits.
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In cryptocurrency stablecoin is treat as conventional currency. It's kind of a digital asset that helps us to stick in profit even market moves in downward. It's designed to minimize the losses cause cryptocurrency market is extremely volatile to control.Thank you so much. You have presented very nicely why we need cryptocurrency stable tokens. Thank you so much again for arranging it in such a beautiful way. You have arranged it in such a way that others do not have any difficulty in understanding.
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For me personally it is very important, stable coins have no difference with banknotes, in the amount of value (usd). I often exchange my crypto assets on the exchange with stable coins if there is a lot of bad news that hits bitcoin because it can create a price dump, by exchanging it makes our portfolio not decrease and we can buy it back if the situation improves.
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The cryptocurrency stablecoin is treat as conventional currency. It's kind of a digital asset that helps us to stick in profit even market moves in downward. It's designed to minimize the losses cause cryptocurrency market is extremely volatile to control.Stable Coins are very very important for crypto market. Without stable coons people will face many problems. Because if the crypto market goes down all coins holders will get losses there is no way to stop losses without stablecoin. Because of stablecoin they can easily trade and make more profit. Stablecoins are a game changer for crypto trading
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Stablecoins help investors have a place to store their assets during periods of high market volatility. Stablecoins are also considered a standard for calculating returns in the investment process. If the market does not have stablecoins, safety will decrease and the community will have less interest in participating, the flow of money into the crypto market will decrease and we cannot have bullrun.
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Stable coins are very important in the crypto world! I use them to hold my capital anytime when I'll be finding a new coin/token to trade or to buy and hold. Also, I use stable coins "USDT-TRC20" to make transactions between exchanges, I'm a day trader and P2P trader, so most of the time I'll make USDT-TRC20 trades to BTC between Gate exchange and LocalBitcoins.
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Stablecoins are very important in cryptocurrency because they help relieve stress, which is very important for trading. After all, when a trader transfers his assets to stablecoins, they are relatively safe. Altcoins are very volatile and in just an hour you can lose more than half of your deposit.
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I learned a lot of good information.You yourself are a very wise man.And your posts are very informative.Thank you very much.I think the stable coin will come in the next few days Will go to the leading position. And it will make the market much more sustainable.And I hope that will provide some additional benefits
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Stablecoins are very important in cryptocurrency because they help relieve stress, which is very important for trading. After all, when a trader transfers his assets to stablecoins, they are relatively safe. Altcoins are very volatile and in just an hour you can lose more than half of your deposit.
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We can think easily that all cryptocurrencies will continue to rise until the price is unpredictable like Bitcoin, but behind all of that, there are a lot of altcoins that die and continue to fall slowly so that their value is also worthless on various exchanges.
If we refer to stable coins, the ones that can support and trade the declining altcoins are stable coins, so that it is a wise choice to avoid a huge dump in our portfolio.
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Many of the stable points I will review below are considered to be convenient coins. We often scramble the dollars when there are dollars left after buying and selling tokens so that we can keep our money safe. Below are a few samples. USDT, USDC, DAI, BUSD, TUSD, HUSD, PAX, JST, USDN, KRT, QC, MUSD, USDK, SUSD, GUSD,
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Job holders in cryptocurrency related firm can get their salary on the basis of stablecoins and remittance fighters can use it to send their remittance to their native countries within few minutes.
Interesting remarks Malam. About the first one, not only job holders in crypto related firms can get their salary in Stablecoins. As long as employers and employees agree on it, salary can get paid in stablecoins everywhere. In the Telegram channel of Kinesis there is a guy saying that as soon as the Kinesis debit card is ready, he will start paying his employees in kinesis currencies (with his employees agreeing on that of course).
But your remark about remittances is even more interesting, because this is exactly what Kinesis is implementing in Indonesia, where they are working with the Indonesian government in order to give the option to the Indonesian work migrants who work abroad, particularly in Malaysia, to send home their remittance in kinesis currencies, with the Indonesian government getting a part of the transaction fees collected by kinesis. As far as I know, at the moment those migrants use mostly money transfer services like Moneygram or Westernunion, whose fees are much higher than kinesis fees.
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Maybe in the past year, more than 2013 back, this stable coin was not very interested in because what is certain is that Bitcoin, Ethereum and DOGE can still be obtained at a very cheap value and of course these stable coins have not provided good things in the cryptocurrency market.
After 2016 until now, this stable coin has transformed into a Rook in the game of chess and it is truly extraordinary when viewed in terms of its marketcap which is able to be in the top 5 Coinmarketcap.
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Stable coins are very important in the crypto world! I use them to hold my capital anytime when I'll be finding a new coin/token to trade or to buy and hold. Also, I use stable coins "USDT-TRC20" to make transactions between exchanges, I'm a day trader and P2P trader, so most of the time I'll make USDT-TRC20 trades to BTC between Gate exchange and LocalBitcoins.
Yeah, You're right. Stable coins are also important coins, to do several transaction and keep.our fund.
not easy to keep money when market is really volatile.
Sure, stable coins is the solution.
Stable coin is also good for pairing in trading, because we can estimate loss and profit easily.
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agree with above opinion.
Stable coins is important because will keep our fund when crypto market soo high volatile and unpredictable.
Stable coins are also suitable for trading pairs, It's more easy to calculate loss and profit.
I always need stable coin in my crypto transaction.
That's the fact.