Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Stable Coins Forum => Topic started by: The Legend on November 28, 2020, 04:26:38 PM
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We know that Stablecoins are designed to minimise price volatility. But now a days there are so many stablecoins in this industry. There are approx. 200 stablecoins till now. What is the main purpose of so many stablecoins ? Frankly speaking I have never used any stablecoins except USDT. What is your opinion about it ?
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We know that Stablecoins are designed to minimise price volatility. But now a days there are so many stablecoins in this industry. There are approx. 200 stablecoins till now. What is the main purpose of so many stablecoins ? Frankly speaking I have never used any stablecoins except USDT. What is your opinion about it ?
I also did not use any coins except usdt coins. I have no opinion on this matter, I have no knowledge. If any senior brother has any knowledge about this subject, please let me know. This is a very important topic for us.
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We know that Stablecoins are designed to minimise price volatility. But now a days there are so many stablecoins in this industry. There are approx. 200 stablecoins till now. What is the main purpose of so many stablecoins ? Frankly speaking I have never used any stablecoins except USDT. What is your opinion about it ?
Stable coins are needed to remain stability in price and to park my balance in portfolio in times of volatility. To development of cryptocurrency, stable coins are very much needed. With the increase demand of cryptocurrency, stable coins here will play a vital factor in trade. USDT is the most popular and top stablecoin in crypto world. I have used USDT in many times but i haven't used other stablecoins yet.
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We know that Stablecoins are designed to minimise price volatility. But now a days there are so many stablecoins in this industry. There are approx. 200 stablecoins till now. What is the main purpose of so many stablecoins ? Frankly speaking I have never used any stablecoins except USDT. What is your opinion about it ?
Although there are many stable currencies in the crypto market, I have never used any fixed currency other than USDT like you. I think stablecoins play an important role in improving and stabilizing the cryptocurrency market. The USDT is the most popular and best stable currency among the stablecoins available in the crypto market.
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I myself have never used any coin other than USDT. But it seems to be doing well. People are becoming more and more interested in investing in the currency.
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I myself have never used any coin other than USDT. But it seems to be doing well. People are becoming more and more interested in investing in the currency.
As USDT is the most popular stable coin, you can only use USDT and it is fine as USDT is now free of cost in transaction if you use TRC20 wallet. USDT trading volume is remarkable in Binance and other exchanges. BUSD can be a good choice if you are a binance trader.
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I use USDT, Dai, I think there is utility from stablecoins,many offer their own guarantees of their coin, while a lot of bad things are said about USDT!Competition is always good and in some cases stablecoins other than USDT are needed!
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I don't know anything about this. Because I have not used any coin other than USD like you. If any of the senior brothers know about the subject let me know a little. A little idea about this is very necessary.
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I don't know anything about this. Because I have not used any coin other than USD like you. If any of the senior brothers know about the subject let me know a little. A little idea about this is very necessary.
Probably you are talking about USDT. Only USDT is dominant place still now and it is top favorite stablecoins to most of the investors, traders and stable coin re sellers. Now for its zero fees using TRC20 wallet, its demand also increasing side by side demand in exchange demand while trade.
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As USDT is the most popular stable coin, you can only use USDT and it is fine as USDT is now free of cost in transaction if you use TRC20 wallet. USDT trading volume is remarkable in Binance and other exchanges. BUSD can be a good choice if you are a binance trader.
Don't forget about USDC and DAI. Both of them have same potential, but because we normally use USDT (TRC20) to save some extra money, we did not give any priority to USDC and DAI. I am a regular user of binance but never use BUSD till now ;)
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As USDT is the most popular stable coin, you can only use USDT and it is fine as USDT is now free of cost in transaction if you use TRC20 wallet. USDT trading volume is remarkable in Binance and other exchanges. BUSD can be a good choice if you are a binance trader.
Don't forget about USDC and DAI. Both of them have same potential, but because we normally use USDT (TRC20) to save some extra money, we did not give any priority to USDC and DAI. I am a regular user of binance but never use BUSD till now ;)
I am also a regular trader in Binance and yet never used BUSD. I have been using only USDT so far in crypto life but i consider USDC and BUSD may be the tough competitor in the upcoming future for their strong base, acceptance and increasing popularity. But still now, USDT is very popular for many reasons including 0 fees for TRC20.
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Stable coins are the best way to sell your cryptocurrencies at the right price against the dollar, avoiding volatility, now I mainly use TUSD (on the Tron network) as fees are very cheap
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We know that Stablecoins are designed to minimise price volatility. But now a days there are so many stablecoins in this industry. There are approx. 200 stablecoins till now. What is the main purpose of so many stablecoins ? Frankly speaking I have never used any stablecoins except USDT. What is your opinion about it ?
Yes we have now many stable coins on crypto industry .I think the stable coin is used as fiat currency on crypto world .It is also as trading pair on the market .I use alaways use USDT like you and also use BUSD on binance .
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In order to provide a secure price for our assets in the digital world, this is a major factor for Tether and why we must buy Tether.
With stable assets, it allows us to buy volatile cryptocurrencies and look for profits.
After taking advantage of the volatile altcoins trading then stable coins such as USDT, USDC or BUSD are good choices for holding assets.
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It could also be like, but everyone is different in seeking profit from stable coins.
For example, I am always looking for the best moment from Tether to arbitrate to other exchanges using the TRC20 blockchain network.
TRC20 provides a 0 transaction fee, aka free of charge if the transaction is above 50 USDT.
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Stability in cryptocurrency is needed so that you can safely store your funds. And until the coins are stable, the world will not be able to completely abandon fiat money and go electronic.
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Stability in cryptocurrency is needed so that you can safely store your funds. And until the coins are stable, the world will not be able to completely abandon fiat money and go electronic.
Exactly, i am agree with you. To maintain stability in cryptocurrency, stable coins has vital roles specially for perking my crypto balance in time of volatility. If there is no stable coins in cryptocurrency, we can't safe our trade balance or wallet balance in times of bearish or bull markets.
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The purpose of stable coins are just hold your money at stable as possible fluctuate and thus, it is helping many small investor to hold so that if he/she wants to buy new coins during trade then it helps a lot to control money.
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I think everyone has their own reasons for using a stable cryptocurrency,
but For example, I have a certain capital that I use to work in the cryptocurrency market, but I do not always want to keep my capital in any cryptocurrencies and therefore I choose the stablecoin USDT. And I don’t need to withdraw to a bank account or cryptocurrency all the time back and forth, and I don’t worry about fluctuations in the cryptocurrency market, since USDT is always stable.
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Believe me when the bear time comes and the whole market is crumbling then you will understand the real importance of stable coin, and if even during that period you didn't get it, then it will be hard to explain it to you,
but on a much simpler note, stable coins are like a safe heaven during the blood bath period, if you are able to edge your assets in stable coins during that time, you will feel happy and your value intact and can be able to buy back all your assets in 3x cheaper 8)
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Believe me when the bear time comes and the whole market is crumbling then you will understand the real importance of stable coin, and if even during that period you didn't get it, then it will be hard to explain it to you,
but on a much simpler note, stable coins are like a safe heaven during the blood bath period, if you are able to edge your assets in stable coins during that time, you will feel happy and your value intact and can be able to buy back all your assets in 3x cheaper 8)
Right, now investors and traders are realizing the necessity of stablecoins. If a trader perks his balance now on stablecoin and if market falls, his balance is safe and will be able to buy more amount of coins that he sold at higher price. So, necessity of stablecoin in cryptocurrency inevitable.
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Personally, I like stablecoins most of all for the ability to avoid losses when the cryptocurrency market falls. And also when exiting an asset, I also opt for the USDT stablecoin, especially if I'm going to take a break.
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We know that Stablecoins are designed to minimise price volatility. But now a days there are so many stablecoins in this industry. There are approx. 200 stablecoins till now. What is the main purpose of so many stablecoins ? Frankly speaking I have never used any stablecoins except USDT. What is your opinion about it ?
choose the most trusted stablecoins such as usdt and usdc, it is very popular in various exchanges for transactions, it is very capable of making the security of everyone's assets maintained and able to maintain the price with a fixed value not having too many changes so as not to get many losses choosing stable coin assets is the best choice.
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Personally, I like stablecoins most of all for the ability to avoid losses when the cryptocurrency market falls. And also when exiting an asset, I also opt for the USDT stablecoin, especially if I'm going to take a break.
Not only you, but also most of the traders use stable coins to convert their balance to avoid uncertain losses. Maximum use USDT, DAI, USDC and BUSD.
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choose the most trusted stablecoins such as usdt and usdc, it is very popular in various exchanges for transactions.stable coins are like a safe heaven during the blood bath period, if you are able to edge your assets in stable coins during that time, you will feel.TRC20 provides a 0 transaction fee, aka free of charge if the transaction is above 50 USDT.
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Stable coins are usually moved from a fast lifting position to a fixed position. Its importance in the crypto market is infinite. That is the only way to protect your assets form volatility. Here I support USD and USDC as top stable coin.
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Stable currency is very much needed for stability in cryptocurrency and development of cryptocurrency. Although there are more than 200 stable currencies in the crypto world, I have only used USDT, USDC and BUSD. Of these, USDT is the most popular and top stable in the crypto world.
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Personally, I like stablecoins most of all for the ability to avoid losses when the cryptocurrency market falls. And also when exiting an asset, I also opt for the USDT stablecoin, especially if I'm going to take a break.
After trading, I also transfer my deposit to USDT stablecoins since they are stable. If I leave my deposit in any cryptocurrency, then when the price falls, I will have to wait for its growth. And during this period, I will have to put other money on the exchange in order to continue trading.
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Stablecoins are made to eliminate the high volatility of cryptocurrencies. It has a value tied to a fiat currency. It can be, for example, the Euro or the Dollar. The most famous example of a stable coin is Tether (USDT). This stablecoin is currently among the top 10 cryptocurrencies. The intention is that the Tether is always worth as much as a Dollar. We can say that it is designed primarily to protect against falling prices and volatility.
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The essence of creating stable coins is to take advantage of the volatile movement of cryptocurrency between ups and downs in its trades every day.
With stable coins, all cryptocurrencies will continue to adjust prices and stable coins can also be looked for benefits when withdrawing transactions from all Centralized Exchange (CEX).
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Stable coin is one of the important part of crypto currency. With out stable coin crypto market won't be stable. Our assets will not be perfect. We can not withdraw any fixed amount from any exchange.
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If a cryptocurrency user has a desire to invest their Fiat funds in cryptocurrency, then How stablecoins such as USDT have evolved are the real intermediary that connects the user with the cryptocurrency market.
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Mostly Investors use stable coins in staking to earn profit In arrange to supply a secure price for our resources within the advanced world, this can be a major calculate for Tie and why we must purchase USDT. With steady resources, it permits us to purchase unstable cryptocurrencies and search for profits.
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Yes, recently many stable coin are comes to the market but maximum are not use to by peoples. Personally i feel happy with USDT & BUSD. Both are more popular stable coin than others.
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Stable coin is one of the important part of crypto currency. With out stable coin crypto market won't be stable. Our assets will not be perfect. We can not withdraw any fixed amount from any exchange.
Perfect. Without stablecoins we won't be able to keep our balance stable in times of volatility. We can't withdraw fixed amount of balance if market falls. So Stablecoins are vital part of crypto markets. That's why marketcap of stable coins are increasing with the gradual increase of market demand.
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I tried to analyze it with my own thoughts on the creation of a stable coin :
-This stable coin is a gateway to Fiat to be able to back and forth between trades or transactions with the Bank.
-This stable coin supports the price of cryptocurrency which changes every day and is difficult to control, so stable coins are needed to be the benchmark price of all cryptocurrencies.
-Stable coin is a stable asset and it has a stable price level of security, does not go down and does not go up.
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The creation of this stable coin will make a huge difference in the cryptocurrency market.
As in the past, when in 2016 there were many pairs trading altcoins with Bitcoin.
But now a lot of cryptocurrency trading is paired with stable coins and this will certainly provide useful things in the future.
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We know that Stablecoins are designed to minimise price volatility. But now a days there are so many stablecoins in this industry. There are approx. 200 stablecoins till now. What is the main purpose of so many stablecoins ? Frankly speaking I have never used any stablecoins except USDT. What is your opinion about it ?
Same here I never used any stable coins but only USDT ever since I got here on crypto. Stable coins are actually good as trading pairs for me as a beginner because it minimizes the risks of the volatility.
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Stable Coin is more important for Crypto related People. Stabke coin's Are Needed For Stability of Cryptocurrency. I always use stable coin for trading. Usdt is my popular stablecoin. I always use usdt.