Author Topic: Cryptocurrency Stablecoin is helping to stabilized the Crypto Market! (Read 9983 times)

Prime · « **Reply #15 on:** January 25, 2020, 10:55:24 PM »

I'm not sure if it can help to stabilize the Crypto Market. But stable coins surely support the existence of crypto market. People also have another option to keep their money in more stable coin prices. But as the name of stable coins, the prices cannot move up significantly.

Altcoins Talks - Cryptocurrency Forum · « **Reply #15 on:** January 25, 2020, 10:55:24 PM »

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MUGNIA · « **Reply #16 on:** January 26, 2020, 02:36:58 AM »

I do not really understand what is stablecoin or whatever, but what I see is more profitable to invest in usdt. or dai karen I saw the price did not really fall when btc experienced a price decline from the beginning I knew what bitcoin and other crypto were

Fenix · « **Reply #17 on:** February 18, 2020, 07:19:50 PM »

Stable coins simplify and bring convenience when using the cryptocurrency, however they do not affect and are not able to influence the stabilization of the cryptocurrency market. The price of a decentralized cryptocurrency is also completely dependent on supply and demand in the cryptocurrency market. Stable coins got their name not because they are capable of stabilizing the price of the market by their purpose, but because they represent the digitized ordinary currency of the states and must consistently and stably correspond to its price.

Cryptoz · « **Reply #18 on:** February 18, 2020, 11:10:25 PM »

I don't think if Stablecoin can help stabilization on cryptocurrency. They have no power to make cryptocurrency be stable. But it is true that Stablecoin makes more options for investors/traders. This means that Stablecoins have a contribution to support the improvement of crypto world.

sampoerna · « **Reply #19 on:** February 18, 2020, 11:25:20 PM »

Well probably. But, is that really? Market stabiity doesn't depend on the stable coins. It depends on the activity of the market itself. In this case, crypto is very volatile and it will still be that volatile.

Senin · « **Reply #20 on:** February 25, 2020, 07:54:57 PM »

Stable coins are not called so because they help stabilize the price of the cryptocurrency market. They got their name because they stably duplicate the price of the ordinary currency of any state or group of states with which stable coins are provided. So, if a stable coin is provided with a dollar, then it will always be equal to the value of one dollar and can only slightly deviate from its exchange rate. This implies its stability. This has nothing to do with the stability of the cryptocurrency market.

Nestle · « **Reply #21 on:** February 26, 2020, 07:13:17 PM »

Stablecoin was created to avoid bad markets and secure crypto users when they were trapped in the bear market. I apply this when I want to secure the assets that I have when I experience loss when doing daily trading.

Altcoins Talks - Cryptocurrency Forum · « **Reply #21 on:** February 26, 2020, 07:13:17 PM »

WhiskeyHoney · « **Reply #22 on:** February 27, 2020, 03:09:14 PM »

I don't think that stable coins somehow affect the entire cryptocurrency market as a whole. With the help of stable coins you can make some purchases / sales. Therefore, if stable coins affect the roar, then equally like other cryptocurrencies.