Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: gourav787 on August 01, 2020, 12:53:41 PM
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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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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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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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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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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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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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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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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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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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for a safe investment there is no way
so I think we really need stable coin
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yes you need stable coin when market dump stable coin will save your money
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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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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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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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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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The extremely strong growth in the number & capitalization of stable coins has recently reaffirmed their importance and importance to the crypto ecosystem at the present time. They are both a bridge that connects the traditional economy with crypto, and a haven for assets at a time of high market volatility. PayPal & Visa also started researching and accepting crypto, starting with stable coins instead of Bitcoin or ETH :)
There is probably no need to be more skeptical: for the time being, we need stable coins.
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I don't think that stable coins are unnecessary but I don't think that we desperately need them either. Without stable coins, we can use USD or GBP to calculate bitcoin price, all /USDT trading paris will be gone and altcoins prices will be exclusively calculated base on bitcoin. It's just the fact that we need stable coins for the ease of calculation.
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Yes we should need stable coins because once the price of a crypto is going down then we can convert it into stable coin so that our money will be safe from losing. This strategy is what you called stop loss.
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We definitely need stablecoins. Personally, I cannot live without them. Since sometimes the prices of well-known cryptocurrencies jump because of this, I lose profit.
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Yes,ofcourse we should be aware & doing stable coin. Because everyone could not want have to high risk. Although last few year lot of people have good earnings from crypto currency & other altcoins. More over no one wants get loss in future. I think so.
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Stable coins importance can never be over-emphasized. First, its a means of pegging a particular crypto from volatility. Secondly, it's an opportunity for other projects that is backed by assets like gold, diamond to join in crypto. Thirdly, it's actually a store of value
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When we buy and sell virtual currencies like BTC, ETH, we must use Stable coin to take profit or avoid storms. For example, when BTC goes up, we sell BTC for USDT, after the BTC price falls, don't worry because we have exchanged USDT (the price is unchanged).
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Tether has been stable for a long time. Obviously, the possibility that the Tether is backed by USD in some banks is enough for it to trade on par most of the time. But with anything in focus, there are some potential risks that can affect the stability of the fully supported stablecoin. And I think we all need that kind of stability
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Stable coins are a trader's best friend. Why? You need an instrument to peg or rather to I've wildly volatile market like crypto. Especially if the said trader would be unavailable to trade or does not have the stomach to take on the market. And these days, we're having much more reliable and profitable stable coins
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Stable coins are immune to volatility and inflation. It can be used to issue and receive consumer loans and for various purposes, without fear that the token rate could change in any direction during the transaction.
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The emergence of stablecoins is evidence of the development of both digital currency and cryptocurrency in particular. Stable coins have greatly simplified the work of moving money from cryptocurrency to fiat, and also allow you to keep funds in such a form that they are always at hand. Of course, we really need stablecoins.
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Yes, we really need them to hedge their risks, especially when the market is in decline. A stable currency is an opportunity to fulfill this need. It should be noted that this direction is actively developing, attracting more and more institutional investors
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Stable coins are immune to volatility and inflation.
You are right, stablecoins is the solution for fluctuation in price. But for investment, stablecoins will kill the chance to get higher profits. As the name of stable coins, the price is rather stable and never rise significantly. So, it is like you store money on the box, it will be safe but no chance to multiply.
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In today's era with the explosion of information, with the miraculous advances of science and technology, with the rapid development of the market economy, everything can be replaced by the something more advanced and modern. And so a stable currency is very essential to us