Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: Paglamon on May 18, 2020, 06:37:17 PM
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Cryptocurrencies are steadily becoming the next big thing in the market with more than 5000 coins already out there. In no time this number will increase to 10000 and then there would be thousands of crypto coins in the market. Although, there’s no way that all of these would get the same amount of attention and most of them would only suffer failure. Like you can see, almost 90% of crypto coins developed till now is a failure with only 100 to 500 seems to survive the market. Among these coins are some successful stablecoins projects like Tether that maintained a good reputation in the market. In this article, we are going to know more about the concept of stablecoins and see how they are important for our economy. So, let’s get started with it right away.
I want to know more information this topic.
Want expert advice on this?
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The cryptocurrency is another means of investment of the modern century. Most people believe it is still in the early stage and the right time to invest is now. for the stablecoin, it is an alternative to fiat and a sure way to replace the centralized money. there are stable coins that are not worth investing apart from the current USDT and USDC. There are other stablecoin that are not suitable for investment.
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Stablecoin, it has morebatable price and the gap will not be high. However, for trading, i do not tjink that it is oke tonget profits
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I think the stable coin is only needed to escape any dumping situation. A trader can also use it to catch up on profitable trade when the market moves ups and downs. Otherwise, I prefer to hold BTC in my balance instead of any stable coin because by holding a stable coin I will not make any money. I think that's not a good idea to hold stable coin for a long time.
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Stables more stable than fiat x)
Good way to store coins instead of banks
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In my opinion, some values make stable coins as important as a bridge between two economies - traditional (centralized) & crypto (decentralized):
+ the stable coin value is exactly equal to the price of a common fiat type by Proof-of-reserve. This makes new users more secure when approaching crypto, anyway they still find USD more familiar than BTC :)
+ stable coin is where traders/holders protect their assets during high volatility, simply because in their minds, fiat is still a measure of asset value.
+ stable coin becomes the first viable option to apply cryptocurrencies to the current economy without conflict with the power of state banks.
+ stable coin has a great impact on the price of cryptocurrencies thanks to the additional issue. BTC always increases when USDT is issued more :)
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The cryptocurrency is another means of investment of the modern century. Most people believe it is still in the early stage and the right time to invest is now. for the stablecoin, it is an alternative to fiat and a sure way to replace the centralized money. there are stable coins that are not worth investing apart from the current USDT and USDC. There are other stablecoin that are not suitable for investment.
In my opinion, stable coins are not intended for investment at all. These are the same ordinary currencies of states, only in digitized form. For cryptocurrency users, it is also a good buffer between cryptocurrency and fiat. Stable coins create good additional conveniences when using cryptocurrency.
Stable state coins are likely to create serious competition for a decentralized cryptocurrency as a means of payment.
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The Stable coins are also called a cryptocurrency because they are using the same method as the other existing cryptocurrencies which is the cryptography with the help of blockchain technology, But then there are two distinctive features and characteristics of a Stable coin because the ordinary cryptocurrency is too volatile that cause to fluctuate much while the Stable coin is not subjected for hard fluctuation because it was backed by a stable asset like Fiat, Gold or other mechanisms that makes it more stable. It is important to the crypto market because it is represented the centralized fiat economy which is determined the trading prices in US dollar against any of the existing cryptocurrencies particularly Bitcoin. But some other Stable coins have some issues regarding its authenticity of being back by a real US dollar in 1 is to 1 basis some are Yes but some are not, Which is likely to involve with Tether.
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A stablecoin is a cryptocurrency designed to maintain stable value, rather than experiencing significant price changes. The main function of current stablecoins is to send, receive and exchange value around the world efficiently and at minimal cost with no inherent price fluctuations for Bitcoin or other digital assets.
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Stablecoins provide the convenience of arbitrage between geographically different transaction locations. Before stablecoins were massively adopted by exchanges, it was a complicated process to arbitrate BTC between exchanges as fiat transfers were slow (it took a few days. their important neentaamf
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Stablecoins are growing in market cap and volume everyday so personally i assume that more and more money is flowing into crypto because people buying stablecoins are eventually buying crypto like btc and eth with it and that is why im bullish about crypto market and as far as utilities of stablecoins are concerned i think they will grow in use cases and products over time.
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Stable coins also play a role in the cryptocurrency market. In a few moments, when Bitcoin and ethereum go up and down continuously, not everyone is willing to participate. Some will choose to buy stable coins to store and preserve assets. I always choose USDT because it is very liquid.
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Stablecoin is a fixed-price Cryptocurrencies, the market value of Stablecoins is often tied to the price of a fixed asset, like the USD, the reason it matters because it possesses properties like the Right Price. Stable, Scalable, Highly Secure and Decentralized
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Stablecoin sẽ tốn nhiều chi phí và cần sự tin tưởng nhưng nó là một hình thức Stablecoin có sức mạnh về giá. Stablecoin loại này sẽ đứng vững trước bất kì biến động nào của thị trường Crypto, bởi vì tất cả chúng đều được đảm bảo bởi lượng tiền pháp định đang được dự trữ và cho dù thị trường Crypto có sụp đổ thì Stablecoin này cũng miễn nhiễm. Đây là đặc điểm duy nhất mà chỉ Stablecoin loại này có.
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Unsecured stablecoins are very vulnerable to market fluctuations, in which case the market plunges. The stablecoin needs an initial liquidity support until it reaches a balance.
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Stables more stable than fiat x)
Good way to store coins instead of banks
Well, you cannot compare stable coins to keeping funds in your bank. For stable coin, your money will retain its price for a long time without error while in banks, you get little interest on your money each month.
Stablecoin core advantage is that once you have your usdt, or tusd, you are opportuned to join any trade, at any time you want to either btc gas fee is high or eth gas fee is high
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Stable coin is just something that we can tell how digital market is somehow trustworthy but I am a little but skeptical that this can be good basis for people to be dependent on it since until now government and cryptos aren't yet clear with regards to the security concern for the adopters.
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In addition to their usefulness in financial transactions, stablecoins can be used by traders and investors to protect their portfolios. Allocating a certain percentage of a portfolio into stablecoins is an effective way to reduce overall risk. At the same time, maintaining a vault of value that can be used to buy other cryptocurrencies during a drop can be an effective strategy. Likewise, these coins can be used to "lock" in profits earned when prices rise without having to withdraw them.
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Currently, the cryptocurrency market is dominated by private stablecoins and stablecoins of various business structures. However, more than 80 percent of states are now working to create their national digitalized central bank currencies. They must change the balance of priorities in the cryptocurrency market. Most likely, citizens of each state will trust their national digitized currencies more. It seems that they will greatly change financial relations in society. Stable coins of various forms of ownership should replace the current bank non-cash payments. Banks will largely lose their profits.
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There are many currencies on the market today. Although there are currently no thousands of coins, most of the coins were successful long ago. Current projects are becoming more successful. In other words, the project plan is going much better. But I think at this point in 2020, more tokens, that is, the project is going to be successful. But the beginning of 2020 was very weak. Because then the projects would not be successful. Now people are leaning towards the crypto world. But at one time there will be thousands of coins in the market. But then the project will be more likely to fail. Because then thousands of coins will be in the market and investors will decrease.
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Many people have been associated with cryptocurrency since its inception. Many have been able to profit from the cryptocurrency market. I think the cryptocurrency market people can show some faces because I bought a coin. The price of that coin was much lower. During this time it has increased a lot. So people have started investing after seeing such incidents. The number of cryptocurrency in the market has started to increase. DeFi project is ruling in the current market. Such projects are becoming more successful. Thus the number of cryptocurrency is increasing.
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Not a believer of Stablecoins here. I always think holding a real fiat i better than one that act like one. People say that is for ease of transfer, I am like wth, if your money is already in an exchange you can convert it to Bitcoin and back to fiat in no time. This is just some propaganda thing.
In addition to their usefulness in financial transactions, stablecoins can be used by traders and investors to protect their portfolios. Allocating a certain percentage of a portfolio into stablecoins is an effective way to reduce overall risk. At the same time, maintaining a vault of value that can be used to buy other cryptocurrencies during a drop can be an effective strategy. Likewise, these coins can be used to "lock" in profits earned when prices rise without having to withdraw them.
Why not convert it back to fiat? Stablecoins act as the currency it mimic such as USDT for USD in terms of value. Why would I hold USDT when I can actually hold the real USD and keep it in an exchange.
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By stable coins we mean those coins which are in a very good position in the market. We know all the coins in the market as stable coins whether they will go down or not. Such as USD. If the USD coin market is very good, it will be at that price and if the market is very bad, it will be expensive.
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Stable coin is something to do with the normal price that won't be affected by pump and dump scenarios. This is the kind of coin that can be use for daily trading and a method of payment. Stable coin has less expectations than unstable coin. Investors and traders expect big with unstable due to unregulated value. They could earn more profit than stable coins. Cryptocurrency place need both unstable and stable 'coz there are crypto communities who like stable than unstable, vice versa.
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Stablecoins also play a very important role now. It can be a place where you hide even traders when the market shows signs of volatility. They can quickly convert their assets to stablecoins to preserve them in just a few minutes, without having to liquidate their fiat money.
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Stablecoins are cryptocurrencies with stable prices, the market value of stablecoins is often pegged to the value of a fixed asset, such as USD or gold. This kind must be global - global, less volatile and not dependent on a central bank.
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Stablecoins are not subject to huge price fluctuations like other cryptocurrencies. For example, in 2010 a programmer bought pizza for 10,000 bitcoins (~ $ 30). But by the time of writing, that bill has risen to $ 94M - All of this comes from the massive price volatility of bitcoin.
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Stablecoins still take advantage of the benefits of cryptocurrencies. But they still do not lose the same security of asset value as traditional fiat currencies (USD or EUR).
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Stablecoins is capable of bringing many benefits to organizations and individuals that need fast and secure international payments. From migrant workers who need to send money back to their families, to large businesses looking for a cheap and efficient payment solution for overseas transactions. In all of these cases, they don't have to worry about their assets suddenly falling in value like bitcon.
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This stablecoin will stand up to any fluctuations in the Crypto market, because they are all guaranteed by the amount of fiat money being stored and even if the Crypto market collapses, this stablecoin is immune.
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The FED used printed money to purchase ETFs
It's weird but the FED uses printed money to purchase corporate bonds. This puts new money into the hands of people who hold corporate bonds
and then that money moves its way into the stock market
Some stable coins are just money printed.
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Stablecoins are important. Anybody that thinks otherwise is just plain crazy. Especially in these days of very volatile price, it is needed for holding on to a price
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Stables more stable than fiat x)
Good way to store coins instead of banks
This is not just it, stablecoins help investors and traders to save up funds in case of a drastic dump, and also help investors and traders to get ready to buy the bears. it all depends on your skillset and how you are determined to take advantage of the market, and stable coins
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My opinion that lot of people cannot want to get risk of investment in the market.so who have sufficient earnings & cool minded, those people invest in stable coin.but stable coin cannot give the high price due to stability of coins.so l think it's important for this type of people.
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There are great benefits for people.Stablecoins leverage the benefits of cryptocurrencies, such as transparency, security, fast transactions, low fees, and privacy, without losing the guarantees of trust and stability that come with using fiat currencies.
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Stable coins have really made trading cryptocurrency interesting. I remembered a time the volatility in cryptocurrency is crazy that one can lose a lot of money in few hours. Since using stable coin one can hedge to stable coins easily.
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Stablecoins are quite a life saver in these days of high volatility. For example, Ethereum has a price difference of about 70 USD in just 12 hours. A little tethering would help a trader cut his loss real quick