Stablecoins are increasingly used on public blockchains and have become the primary means of transaction settlement. Despite the relatively stable usage of major cryptocurrencies, the value of transactions in stable coins accounts for the majority of settlements on the blockchain.
StableCOINs play the role of an intermediary in the event that the user wants to trade and does not want to withdraw for cash, but it is rare for anyone to use them as a long-term investment, as it is better and safer to withdraw to the dollar instead of taking risks using stable currencies, especially after the famous LUNA incident.Stable coins are a guarantee of confidence in the safety of your assets. To a greater extent, traders use stable coins when the market is falling
I do not expect there to be a boom in these currencies, especially since their number is limited compared to cryptocurrencies.
Stable coins are a guarantee of confidence in the safety of your assets. To a greater extent, traders use stable coins when the market is fallingYes, they are used as a quick tool to stabilize profits and buy back again when the price drops, but because they are centralized and because most of them can freeze or delete currencies inside the wallet, no one can trust them in the long term, especially because it is difficult to sue companies in the event of losses.
Stable coins are a guarantee of confidence in the safety of your assets. To a greater extent, traders use stable coins when the market is fallingYes, they are used as a quick tool to stabilize profits and buy back again when the price drops, but because they are centralized and because most of them can freeze or delete currencies inside the wallet, no one can trust them in the long term, especially because it is difficult to sue companies in the event of losses.
So, with the exception of DAI, and since all of these currencies can freeze your funds inside the wallet, it is better not to trust stablecoin.(https://miro.medium.com/v2/resize:fit:1100/format:webp/1*of4gwwA6DuEya7YAW9OgTA.png)
Read more ---> Privacy and Cryptocurrency, Part IV: Stablecoins— Blacklists and Traceability (https://medium.com/human-rights-foundation-hrf/privacy-and-cryptocurrency-part-iv-stablecoins-for-human-rights-blacklists-and-traceability-6d74ee17c25d)
So, with the exception of DAI, and since all of these currencies can freeze your funds inside the wallet, it is better not to trust stablecoin.Proofs of their freezes on stable coins.
You are correct and the reason for this is the high fees, as every USDT transaction on the Bitcoin blockchain (omni layer) requires the same fees as Bitcoin transaction. Imagine that you want to send 10 USDT and pay about 60 dollars in fees.
this explorer used to be filled with USDT transaction, but not anymore
https://omniexplorer.info/
Proofs of their freezes on stable coins.USDT is currently cooperating with several regulatory authorities to freeze USDT that are hacked, but who knows what will happen in the future.
Stablecoins are increasingly used on public blockchains and have become the primary means of transaction settlement. Despite the relatively stable usage of major cryptocurrencies, the value of transactions in stable coins accounts for the majority of settlements on the blockchain.I am not sure about what you are calling in Ethereum and Bitcoin that decreasing their uses because mostly people are receiving major coins first before converting in to stable coins and even those who holds stable coins are just readying for chances to buy crypto currencies again and just using stable coins for temporarily holding to wait and buy easily with the help of this coin.
This is a very interesting and complex development. On the one hand, the rise of stablecoins in the cryptocurrency ecosystem shows the demand for a more stable and predictable medium of value. This is important for practical business and everyday use, especially in the face of cryptocurrency price volatility.
It has also raised some concerns about whether stablecoins are gradually replacing native tokens, especially for digital gold like Bitcoin. In fact, the use of native assets like Bitcoin and Ether seems to be decreasing, while the use of stablecoins continues to grow.
Overall, this trend shows that the cryptocurrency and blockchain ecosystem is very active and evolving. It also serves as a reminder that as technology and user needs change, we need to be flexible and adapt to new trends and constantly evaluate the role and place of cryptocurrencies in the future.
More precisely, stablecoins become hedging assets that will protect your assets from higher crypto price fluctuations.StableCOINs play the role of an intermediary in the event that the user wants to trade and does not want to withdraw for cash, but it is rare for anyone to use them as a long-term investment, as it is better and safer to withdraw to the dollar instead of taking risks using stable currencies, especially after the famous LUNA incident.Stable coins are a guarantee of confidence in the safety of your assets. To a greater extent, traders use stable coins when the market is falling
I do not expect there to be a boom in these currencies, especially since their number is limited compared to cryptocurrencies.
StableCOINs play the role of an intermediary in the event that the user wants to trade and does not want to withdraw for cash, but it is rare for anyone to use them as a long-term investment, as it is better and safer to withdraw to the dollar instead of taking risks using stable currencies, especially after the famous LUNA incident.
I do not expect there to be a boom in these currencies, especially since their number is limited compared to cryptocurrencies.
StableCOINs play the role of an intermediary in the event that the user wants to trade and does not want to withdraw for cash, but it is rare for anyone to use them as a long-term investment, as it is better and safer to withdraw to the dollar...
Stable coins usually have a constant value compared to fiat...
It is a lesson for everyone who used to keep money in stablecoin because I'm still surprised that a billion USDT was minted on Christmas day, not sure what they want to use that money for exactly.Didn't Tether state that their token is backed by multiple assets, not necessarily fiat? I believe it is an open secret now that USDT is likely not fully backed by fiat 1:1, heck, there is a possibility that Tether doesn't even have the capital to liquidate all of their tokens to fiat if their customers asked them to. You should not be surprised if they keep printing more tokens, it doesn't necessarily mean $1 billion fiat is injected into the market, which is one of the criticisms for Tether and crypto in general. Tether, or anyone behind this activity, can use this and abuse the market quite easily.
Didn't Tether state that their token is backed by multiple assets, not necessarily fiat? I believe it is an open secret now that USDT is likely not fully backed by fiat 1:1,
What's backing USDT? Tether Reserves Breakdown (https://www.altcoinstalks.com/index.php?action=helpadmin;help=see_member_ip)
I wouldn't say USDT is not fully backed by fiat... I would rather say USDT is fully NOT backed by fiat! :D
I thin what op is trying to say is that whenever someone trader and want to exit from market, to secure his funds he would trade all funds that stablecoin maybe when resuming market then he may buy back any currency out there to continue trading.Stablecoins are increasingly used on public blockchains and have become the primary means of transaction settlement. Despite the relatively stable usage of major cryptocurrencies, the value of transactions in stable coins accounts for the majority of settlements on the blockchain.
What does it mean?
Can you make an example of a cryptocurrency being used as a transaction settlement?
What's backing USDT? Tether Reserves Breakdown (https://www.altcoinstalks.com/index.php?action=helpadmin;help=see_member_ip)
I am sure that you haven't checked the link you have pasted.
You should fix the link you provided. The title looks interesting to me.
But very recently, I came to know that Tether has another coin which is XAUt and according to them, this is fully backed by physical gold. They claim that they have 7643.71
KG gold which worth $502,719,255 at this moment. This is interesting. You can find more here https://gold.tether.to/
I think what op is trying to say is that whenever someone trader and want to exit from market, to secure his funds he would trade all funds that stablecoin maybe when resuming market then he may buy back any currency out there to continue trading.
Stable coins are also a safe haven for investors as soon as they exit crypto without wanting to leave market.Very true
The use of stable coins in the cryptocurrency industry is becoming a norm. This is because you can hardly see anyone who boosts that they do not require or use stable coin at any point in, be it a centralized stable coin or a decentralized stable. The cryptocurrency industry is a volatile market and it is not every time that anyone wishes to take risk. The price volatility makes traders to keep money in stable coins to be able to study the market.I thin what op is trying to say is that whenever someone trader and want to exit from market, to secure his funds he would trade all funds that stablecoin maybe when resuming market then he may buy back any currency out there to continue trading.Stablecoins are increasingly used on public blockchains and have become the primary means of transaction settlement. Despite the relatively stable usage of major cryptocurrencies, the value of transactions in stable coins accounts for the majority of settlements on the blockchain.
What does it mean?
Can you make an example of a cryptocurrency being used as a transaction settlement?
Stablecoin are mostly used when we are facing any market down time and secure investment some people may prefer trading their funds to usdt or dai, and I think DAI is the most reliable stablecoin to secure your investment.
I don't know if this has been answered, if it has, then please just ignore, but if you haven't, then I did say that this is very simple, using cryptocurrency as transaction settlement simply means using crypto to pay for goods and services.Stablecoins are increasingly used on public blockchains and have become the primary means of transaction settlement. Despite the relatively stable usage of major cryptocurrencies, the value of transactions in stable coins accounts for the majority of settlements on the blockchain.
What does it mean?
Can you make an example of a cryptocurrency being used as a transaction settlement?
Stablecoins are increasingly used on public blockchains and have become the primary means of transaction settlement. Despite the relatively stable usage of major cryptocurrencies, the value of transactions in stable coins accounts for the majority of settlements on the blockchain.
What does it mean?
Can you make an example of a cryptocurrency being used as a transaction settlement?
I don't know if this has been answered, if it has, then please just ignore, but if you haven't, then I did say that this is very simple, using cryptocurrency as transaction settlement simply means using crypto to pay for goods and services.
I believe this is not something that is too complex to understand
I came to know that Tether has another coin which is XAUt and according to them, this is fully backed by physical gold. They claim that they have 7643.71 KG gold which worth $502,719,255 at this moment. This is interesting. You can find more here https://gold.tether.to/
-Hi Peter, you are very smart, have a lot of knowledge about cryptocurrency and your posts are also very useful for others.
Hi Peter, you are very smart, have a lot of knowledge about cryptocurrency and your posts are also very useful for others.
But I have some questions about stable coins and gold.
1. In your opinion, does this stable coin have a big influence on cryptocurrency ? explain why ?
2. You provide information about Stable Gold, which was developed by Tether, is the price of gold really stable ?
3. In your opinion, is it better to trade with the stable coin pair USDTxETH or trade with Bitcoin BTCxETH ?
I look forward to your answer soon because your answer will be my best choice for trading in cryptocurrency.
is the price of gold really stable ?
but there are users much more knowledgeable than me here, like MrSpasybo (https://www.altcoinstalks.com/index.php?action=profile;u=10092). He even has his own channels on telegram and on YouTube.I'm just a crypto fan and try my hand at trading, I don't have much experience or success with this market ^^
The only problem is he speaks Vietnamese and I don't understand a word :D
I'm not knowledgeable about cryptos. I come from the gold world and as you can see from my signature, I participate to the affiliate program of kinesis (https://www.altcoinstalks.com/index.php?topic=129595.0), a gold-backed stablecoin, so I only know a little about stablecoins and in particular about gold-backed stablecoins.
Cryptocurrencies without coins are as stable as spinach without salt.
Stable coins are needed to support all cryptocurrency assets, like salt to provide a salty taste to spinach.
The biggest impact for stable coins is that they are able to continue to support cryptocurrency, such as Bitcoin which is supported by USDT, so there is so much USDT in circulation to support the price of Bitcoin.
is the price of gold really stable ?
Take 5 minutes and watch this chart Kent.
What do you think?
(https://cdn.knoema.com/infographics/Knoema_Data_Driven_Gold_and_Fiat_Money.png)
Is the price of gold really stable? is the wrong question.
The right question is Is the value of fiat currencies (like $) really stable?
the use of stablecoins helps combat the volatility and unpredictability of the crypto market.Although they are called by stable coins, but the prices of stable coins also change sometimes. They don't fully stable and easy to predict, the trend of crypto market can change them. You must remember that the red market often makes the stablecoins to have higher prices. But the green market can make their prices to drop quite significantly. In my opinion, there are only not so volatile as common crypto coins.
In fact, the use of native assets like Bitcoin and Ether seems to be decreasing, while the use of stablecoins continues to grow.
Overall, this trend shows that the cryptocurrency and blockchain ecosystem is very active and evolving. It also serves as a reminder that as technology and user needs change, we need to be flexible and adapt to new trends and constantly evaluate the role and place of cryptocurrencies in the future.
In my opinion, stablecoins only exist in USDT, while for other cryptocurrencies, the price will never be stable and has very scary price fluctuations because no one can guarantee profits. At least with unstable movements like that, they must be able to be exploited to seek profits that can be obtained. you get from exploiting the difference between the price you buy and the price you sell.the use of stablecoins helps combat the volatility and unpredictability of the crypto market.Although they are called by stable coins, but the prices of stable coins also change sometimes. They don't fully stable and easy to predict, the trend of crypto market can change them. You must remember that the red market often makes the stablecoins to have higher prices. But the green market can make their prices to drop quite significantly. In my opinion, there are only not so volatile as common crypto coins.
In my opinion, stablecoins only exist in USDT, while for other cryptocurrencies, the price will never be stable and has very scary price fluctuations because no one can guarantee profits. At least with unstable movements like that, they must be able to be exploited to seek profits that can be obtained. you get from exploiting the difference between the price you buy and the price you sell.What it only exists in USDT?
What happened is that gold is a safe haven for me , it is the only asset that has gotten Countries in crisis out of trouble and it is the most accepted to be the only one that has the power to do so, for its support and for Everyone. which Means , it is said that the USD is Backed by gold, but that is something that I do not believe , because honestly the inflation so high that has been reported in recent years , well , it is something that does not demonstrate it, however when we talk about the gold, and another thing, is not that it is stable, if it has any type of movement, it is just that its value is almost always maintained over time, sometimes low , but not that much, but in times of wars and difficult situations ciiles is very useful.
Stablecoins are different, they are currencies that can be taken as stable if they were fully backed by fiat, but this is not the case , the most Common case is the USDT , Although for many it is taken as stable, but I Consider that everything has its own way of being called. , it is a way to compare the Value of Bitcoin and other Cryptocurrencies.
That's true, we all have to be dependent of the use of stablecoin in one way or the other, this must be well understood by those that engage doing trading, they would have preferred using stablecoin to trade any coins they intended to buy because of the advantage of being pegged to the value of the united state dollars, this equally means that stablecoin could also be as volatile as when the USD changes in market price or value.It's true that having stable coin as a currency pair in trading is necessary and important. It really make things more efficiently because there's no need to withdraw your money into your local currency to protect the value. If there is no stable coins in the crypto world such USDT, you can't trade fast or you are force to convert your altcoins into another unstable altcoins. If someone is using unstable currency pair in trading, it will loses the value since altcoins are just relying to the price movement of Bitcoin.
It's true that having stable coin as a currency pair in trading is necessary and important. It really make things more efficiently because there's no need to withdraw your money into your local currency to protect the value. If there is no stable coins in the crypto world such USDT, you can't trade fast or you are force to convert your altcoins into another unstable altcoins. If someone is using unstable currency pair in trading, it will loses the value since altcoins are just relying to the price movement of Bitcoin.
Maybe other have any suggestions, which is the best of stable coin.
We need stable coins to convert our assets.I think we don't only convert our assets in to stable coins. We must convert it in to fiats. If our assets are in in the local exchanges, we don't need to convert them to stable coins. We can convert the asset directly to our national currency.
Stable coins are standard value of crypto currency.What do you mean by standard?
I also which the people that said when the price of crypto unstable or drop, we can keep our assets by converted in stable coins.So, when the price of your coins drop, you convert them to stable coins? Why?
Yeah...stable coin is very important.Coins that tend to be stable are not suitable for trading because there is no price movement, so there will be no profits. It is better to trade on coins that have very fast price movements, such as Bitcoin, because Bitcoin price movements are very fast, and this has been proven over the years. From year to year, there are always price differences, so you can take advantage of these price movements to make a lot of profit.
We need stable coins to convert our assets.
Stable coins are standard value of crypto currency.
I also which the people that said when the price of crypto unstable or drop, we can keep our assets by converted in stable coins.
Tether USDT is my favourite stable coin.
Maybe other have any suggestions, which is the best of stable coin.
Coins that tend to be stable are not suitable for trading because there is no price movement, so there will be no profits. It is better to trade on coins that have very fast price movements, such as Bitcoin, because Bitcoin price movements are very fast, and this has been proven over the years. From year to year, there are always price differences, so you can take advantage of these price movements to make a lot of profit.
Coins that tend to be stable are not suitable for trading because there is no price movement, so there will be no profits. It is better to trade on coins that have very fast price movements, such as Bitcoin, because Bitcoin price movements are very fast, and this has been proven over the years. From year to year, there are always price differences, so you can take advantage of these price movements to make a lot of profit.
That's true, stable coins are no price movement. Stable coin is usable to keep our fund when market goes down and seems will touch the dip. If we save in other coins, not in stable coins we will loss. or we will trap in high price. So I think stable coins is important , as many people said above.
That's the fact
As the name of stable coin, It's just stable value. The impact stable coins on the market shows the value of our assets in USD standards. Stable coins also can keep our asset when the market goes down, I agree with this opinion. We can convert our assets to stable coin while waiting for the market to improve again.
As the name of stable coin, It's just stable value. The impact stable coins on the market shows the value of our assets in USD standards. Stable coins also can keep our asset when the market goes down, I agree with this opinion. We can convert our assets to stable coin while waiting for the market to improve again.Currently, USD coins like that may still be stable, but do you remember the incident with TerraClassicUSD or what is often called USTC? This coin is a stablecoin designed for a 1:1 ratio with the US dollar, but in reality what is the current price of USTC? So I think this digital currency in the form of USD is just a kind of blanket behind the Global Elite who are controlling the world economy from cryptocurrency.
Yes, as you said, perhaps there is influence from those who have very large amounts of money, but it must also be taken into consideration because not all USD digital currencies are like that, because if they were all like that it could pose a serious threat to Bitcoin price movements. which can make the price collapse or can be said to control Bitcoin price movements.As the name of stable coin, It's just stable value. The impact stable coins on the market shows the value of our assets in USD standards. Stable coins also can keep our asset when the market goes down, I agree with this opinion. We can convert our assets to stable coin while waiting for the market to improve again.Currently, USD coins like that may still be stable, but do you remember the incident with TerraClassicUSD or what is often called USTC? This coin is a stablecoin designed for a 1:1 ratio with the US dollar, but in reality what is the current price of USTC? So I think this digital currency in the form of USD is just a kind of blanket behind the Global Elite who are controlling the world economy from cryptocurrency.
You're right at some point that stable coins may not be suitable for trading. The use of stable coins in trading has been a contentious topic. Although they may not be as volatile as other tokens but they can still play a very vital role in hedging and minimizing risk in a trading strategy.Yeah...stable coin is very important.Coins that tend to be stable are not suitable for trading because there is no price movement, so there will be no profits. It is better to trade on coins that have very fast price movements, such as Bitcoin, because Bitcoin price movements are very fast, and this has been proven over the years. From year to year, there are always price differences, so you can take advantage of these price movements to make a lot of profit.
We need stable coins to convert our assets.
Stable coins are standard value of crypto currency.
I also which the people that said when the price of crypto unstable or drop, we can keep our assets by converted in stable coins.
Tether USDT is my favourite stable coin.
Maybe other have any suggestions, which is the best of stable coin.
You're right at some point that stable coins may not be suitable for trading. The use of stable coins in trading has been a contentious topic. Although they may not be as volatile as other tokens but they can still play a very vital role in hedging and minimizing risk in a trading strategy.Yeah...stable coin is very important.Coins that tend to be stable are not suitable for trading because there is no price movement, so there will be no profits. It is better to trade on coins that have very fast price movements, such as Bitcoin, because Bitcoin price movements are very fast, and this has been proven over the years. From year to year, there are always price differences, so you can take advantage of these price movements to make a lot of profit.
We need stable coins to convert our assets.
Stable coins are standard value of crypto currency.
I also which the people that said when the price of crypto unstable or drop, we can keep our assets by converted in stable coins.
Tether USDT is my favourite stable coin.
Maybe other have any suggestions, which is the best of stable coin.
Again, some traders find value in being able to convert their crypto assets quickly to stable coins whenever the market is experiencing a very high volatility.
At the moment I don't use stable coins because the market is always green, even though sometimes there are corrections, the price always increases. I agree with you that stablecoins serve to protect value when markets experience high volatilityThis price increase is the influence of the Bitcoin price movement which is approaching the halving so that many coins are affected and follow the Bitcoin price movement, but when bearishness occurs, you must immediately secure your assets in the form of stable coins. Usually after the halving occurs, there will be several bearish halvings. There are always movements like that, so you have to stay alert and don't hold assets in the form of altcoins for too long except for Bitcoin which is suitable for holding for a very long time.
At the moment I don't use stable coins because the market is always green, even though sometimes there are corrections, the price always increases. I agree with you that stablecoins serve to protect value when markets experience high volatilityYes, you are right, when trading volume on an exchange increases, the best way to collect more assets is to take advantage of a busy exchange to grow the assets you have.
Stablecoin Supply Ratio = BTC Market Cap / Stablecoins Market Cap.If history repeats, there is space for Bitcoin to grow up more, based on SSR of previous cycle and current one.
When the Ratio increases, BTC grows because bitcoins are bought with Stablecoins. The current SSR = 18, in the previous cycle ATH SSR = 34.
Yes, you are right, when trading volume on an exchange increases, the best way to collect more assets is to take advantage of a busy exchange to grow the assets you have.
Meanwhile, if the season is bearish or collapsing, changing all assets into stablecoins is a smart choice.
You are right, with stable coins we can see the size of our assets in USD, stable coins can also save our assets when the market goes down. In my opinion, that's just the function of stablecoins in the crypto world.Indeed, one of the advantages why we more often use stable coins when trading is because their value does not change significantly. Of course there will still be changes, but they won't be as significant. So, this ease our trading activities in according to accumulate, count, and also consideration more quickly to decide to sell in what point or others.
so I agree with your opinion
I see stablecoins as the means to hold your asse at hand when you're yet to conclude on what you wanted to make with it, you can covert to stablecoin and hold because the value will not diminish and you're also not going to earn from it because it is pegged with the standard rate of USD, till we made a conclusion on what to invest and then we find a suitable pair of the coin we want with the stable coin we are holding.
The method you are doing is quite correct, exchanging all the assets you own into USDT is the best choice to prepare the moment to re-enter coin which will have the potential to rise again, because when the price in the market collapses then the next price movement is price recovery and you have to Get ready to enter at the right moment because no one knows the price will fall to what price.I see stablecoins as the means to hold your asse at hand when you're yet to conclude on what you wanted to make with it, you can covert to stablecoin and hold because the value will not diminish and you're also not going to earn from it because it is pegged with the standard rate of USD, till we made a conclusion on what to invest and then we find a suitable pair of the coin we want with the stable coin we are holding.
I only use stablecoins when the market is in a dump to enter my short-term crypto assets. because in the short term I invest in new coins or not top coins. This is very risky, that's why I need stable coins when dumping.
I see stablecoins as the means to hold your asse at hand when you're yet to conclude on what you wanted to make with it, you can covert to stablecoin and hold because the value will not diminish and you're also not going to earn from it because it is pegged with the standard rate of USD, till we made a conclusion on what to invest and then we find a suitable pair of the coin we want with the stable coin we are holding.
I only use stablecoins when the market is in a dump to enter my short-term crypto assets. because in the short term I invest in new coins or not top coins. This is very risky, that's why I need stable coins when dumping.
I see stablecoins as the means to hold your asse at hand when you're yet to conclude on what you wanted to make with it, you can covert to stablecoin and hold because the value will not diminish and you're also not going to earn from it because it is pegged with the standard rate of USD, till we made a conclusion on what to invest and then we find a suitable pair of the coin we want with the stable coin we are holding.That's right, it's one of the purposes of stablecoins, you might be surprised to know that till now stablecoins market has crossed $150 billion of dollars, that's not a small number. --> https://www.altcoinstalks.com/index.php?topic=319521.0 Stablecoins can also be used to make money, as you said they are pegged and can't be used to earn money, but they can be, for example, there are staking pairs that require us to take USDT or any other type of stablecoins. And besides it, we can also make earnings by holding pegged coins and by selling them at high price compared to the local price of your fiat currency.
you might be surprised to know that till now stablecoins market has crossed $150 billion of dollars, that's not a small number. --> https://www.altcoinstalks.com/index.php?topic=319521.0
" despite stablecoins representing only about 10% by value of the crypto market cap, “they dominate the on-chain transaction volume – about 70% of all transaction volume.
So, from a crypto perspective ETH and Bitcoin take a backseat to USDC and USDT. These are, by volume, the value transfer mechanisms of our industry. They represent the huge majority of on-chain traffic and value transfer in our industry now.”
I see stablecoins as the means to hold your asse at hand when you're yet to conclude on what you wanted to make with it, you can covert to stablecoin and hold because the value will not diminish and you're also not going to earn from it because it is pegged with the standard rate of USD, till we made a conclusion on what to invest and then we find a suitable pair of the coin we want with the stable coin we are holding.
I only use stablecoins when the market is in a dump to enter my short-term crypto assets. because in the short term I invest in new coins or not top coins. This is very risky, that's why I need stable coins when dumping.
You are brave enough to make decisions on meme coins, risks will definitely be in front of your eyes if we make the wrong move, but I'm sure you are a careful person so you can neutralize everything,
Meme coins are very risky coins but also very profitable if we can buy at the right time before the hype. but many investors advise not to invest in this coin, because just waiting for the hype the price can rise. I agree that if you buy top coins, it's better.Unfortunately, if you know big investors who have a lot of money, they often contribute to meme coins like this because the price movements are very fast so they can make profits quickly. Investors are not afraid of the risks because for them money is very easy to get.
I only use stablecoins when the market is in a dump to enter my short-term crypto assets. because in the short term I invest in new coins or not top coins. This is very risky, that's why I need stable coins when dumping.For me, stable coins are more suitable for preparing entries, not welcoming dumps. You can have a stable coin when the price of the asset you are targeting is too high, so that your money can be parked in USDT to make it more comfortable when the buy moment comes.
Their impact on the market is already huge. When I read it I was surprised myself!I got your point and it really makes sense, stable currencies are really underrated while they are a sole part of the market, you can see if any of the famous stablecoins start to fluctuate its value (starts to depeggs) whole markets shake and started to go red. It might be true that the SC section is not so active but that does not mean it is highly underrated it's just it is underrated here on this forum, actually, we should not think of it that way.
It makes you wonder why the interest for SC is so negligible compared to other cryptocurrencies. Just consider - for example - how little space is dedicated to SC within this forum, the section dedicated to SC is completely secondary, it looks like they could take it away... and it would barely be missed!
Unfortunately, if you know big investors who have a lot of money, they often contribute to meme coins like this because the price movements are very fast so they can make profits quickly. Investors are not afraid of the risks because for them money is very easy to get.