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Author Topic: do we really need stable coin ?  (Read 4449 times)

Offline gourav787

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do we really need stable coin ?
« on: August 01, 2020, 12:53:41 PM »
 think if we should look back in 4 years back in cryptocurrency industry, crypto do very well to be stable in the price value, but is very difficult this days to see crypto that's actually valueable, not until we started seen stable coins in the crypto market but there's no change in the value, Do you think we need stable coins?

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do we really need stable coin ?
« on: August 01, 2020, 12:53:41 PM »

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Re: do we really need stable coin ?
« Reply #1 on: August 01, 2020, 01:32:12 PM »
I think that for a safe investment it is good that the coin is stable because it does not experience a significant decrease but the benefits are also not too much compared to the price of speculative coins.
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Offline wawan96

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Re: do we really need stable coin ?
« Reply #2 on: August 01, 2020, 02:58:18 PM »
stable coin is very useful to be able to keep assets in order not to fall you could certainly see when bitcoin has decreased drastically suddenly then you will experience substantial losses see today if bitcoin fall we can buy a stable coin with a value fixed for example you buy one bitcoin at a price of $ 10000 you can sell at a price of $ 11000 with stable coin usdt and USDC if bitcoin down $ 9,000 you can buy more with stable coin bitcoin is very useful for traders bitcoin.
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Offline Quantum X

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Re: do we really need stable coin ?
« Reply #3 on: August 01, 2020, 03:29:26 PM »
I think so.  Stable coin could be the best thing for anyone who doesn't want to take high risk in some new coins and though your invests safe the possibility of earning is also low.

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Re: do we really need stable coin ?
« Reply #4 on: August 01, 2020, 04:12:59 PM »
Yes, we do. Just imagine that stable coins in crypto play the roles of fiat currencies in real world. The primary use of stable coins is to measure bitcoin's price. That said, only a couple of stable coins is enough. We don't need a ton of stable coins like now. The problem with stable coins is authenticity: an USDT must be backed up by an USD.

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Offline azmirihaque

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Re: do we really need stable coin ?
« Reply #5 on: August 01, 2020, 05:01:29 PM »
Stable coin is very much necessary for making our investment safe. Generally new coins are more unstable than old coin. New coins offer more profit within short time but it is more risky. So, it is safe to investment in stable coin and old coins are generally more stable.

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Re: do we really need stable coin ?
« Reply #6 on: August 01, 2020, 05:47:21 PM »
Obviously , stable coin is best if we want to hold our money , becuase stable coin like Usdt , USD are not volatile market too much like other coin .
I always used Usdt for hold my fund , their isn't too much profit or Loss in it.

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Re: do we really need stable coin ?
« Reply #6 on: August 01, 2020, 05:47:21 PM »


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Re: do we really need stable coin ?
« Reply #7 on: August 01, 2020, 05:52:22 PM »
Truth is that we really do need stable coin; for day traders, and long term investors, you can use stable coin such as usdt, to save the day or prepare for the future. For example, if bitcoin or eth or any of your investment is bearish, you can simply trade to stable coin to remain in profit, likewise, if you want to buy tokens when they are bearish or bullish, you can simply convert your tokens using the usdt trade pair.

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Re: do we really need stable coin ?
« Reply #8 on: August 01, 2020, 07:03:25 PM »
What we mean by stable coins is that all coins whose value or value will always remain the same. Such as USDT. USDT is a stable coin. Its value will always be the same. This stable coin is just as good on one side as it is bad on the other. If the price of Ethereum or BTC goes up, the price of stable coin will not go up. Otherwise, if the price of BTC and Ethereum goes down, its price will not go down. So it can be said that stable coins have both good and bad sides.
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Offline superstarsp

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Re: do we really need stable coin ?
« Reply #9 on: August 01, 2020, 07:09:21 PM »
for a safe investment there is no way

so I think we really need stable coin
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Re: do we really need stable coin ?
« Reply #10 on: August 01, 2020, 09:37:42 PM »
yes you need stable coin when market dump stable coin will save your money
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Offline alltalk

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Re: do we really need stable coin ?
« Reply #11 on: August 01, 2020, 11:25:46 PM »
Yes, although it doesn't really pay matter to the crypto world, the existence of the stable coin can give its stability. Moreover, this is commonly used for the payments and also the basic pair of the crypto. This is not about the price but about the value of the coin itself.
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Re: do we really need stable coin ?
« Reply #12 on: August 01, 2020, 11:37:06 PM »
Stable coins are needed if you want to keep your funds in crypto without a doubt of the decrease in value. But if you want to buy stable coins for investment, I think it is a bad idea. As we know that stable coins have quite stable prices, means the price doesn't move big. So, we cannot expect for bullish or big increase in stable coin's prices.
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Re: do we really need stable coin ?
« Reply #13 on: August 01, 2020, 11:47:26 PM »
Yes, we need stable coins. It is needed for investors when they want to secure their assets for a moment or when the investors wants to converts their coins to Fiats. But if the investors wants to do trading or investing in crypto, I think they are better to choose other coins like ETH or BTC that has more volatile in price.
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Re: do we really need stable coin ?
« Reply #14 on: August 02, 2020, 12:09:48 AM »
Stable coins in the crypto market is actually for those that are afraid about how coins and token rise and fall, is actually good in times of varities and choice making for those need to invest in stable coin, my issue here is that the stable coins price doesn't change but it can rise and fall.
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