Do we really need stable coins?

[abdmuiz]

it is very necessary to safeguard our assets because stable coins can minimize our losses when the market is uncertain or the market is in a downturn

[pangeran]

it is very necessary to safeguard our assets because stable coins can minimize our losses when the market is uncertain or the market is in a downturn

It is true, coin stable can be said that it is real money, which minimizes losses, but many holders who choose crypto fluctuate in making a profit

[Kenyot]

yes I actually need coins that are stable and have good development every day, so I believe with coins Ethereum, Ripple, Litecoin, Bch and Neo are also good coins to keep in the future.

[Peter90]

Stablecoins are needed to attract serious investors to the crypto market.
Any investor should be able to quickly transfer capital into stable coins to avoid losses.
And if someone does not need this option, it does not mean that it is not needed by others.
Therefore, the more stable coins there are, the more predictable and "adult" the crypto market will become.

Very true.
I like particularly the last line.
Mass adoption needs predictability.
Institutionals need predictability.
Predictability, or stability.
Stablecoins.

[Peter90]

if we look at 5 years back, cryptocurrency can still run and develop even though at that time stable coins did not exist,
but now stable coins have appeared and many of them,
I sometimes ask, do we really need to have a stable coin?
because I feel stable coins are made one of them to enrich the team and dev,
because if they sell coins it won't affect the market because it's a stable coin,
this is only my opinion,
so give your opinion so that I have a lot of insight.

@ ayatoslaw,
I found this summary about how Stablecoins benefit our financial system.
I think Stablecoins offer more benefits, but these 3 are probably the most important at the moment

Reasons People Use Stablecoins

1. Exchanges: Cryptocurrency traders can reduce their exposure to Bitcoin by selling their Bitcoin for stablecoins. This allows traders to keep their wealth on an exchange without converting back into fiat. This is useful for two reasons.
First, many exchanges take days to convert fiat into crypto, which means investors must wait to trade.
Second, converting back into fiat means a tax bill is coming soon, since most exchange on- and off-ramps now require KYC-AML.


2. Inflation hedge: People in countries with high inflation and hyperinflation can hold on to stablecoins in order to preserve their savings. Bitcoin is too volatile for most people in Venezuela. Instead, they would prefer to hold onto cryptocurrencies backed by gold or Swiss francs.


3. Interbank settlement: Interbank settlement is a trillion-US dollar industry, as discussed in the chapter on Ripple in the June 2019 edition of the Crypto Research Report published by Incrementum. Instead of giving away billions in revenue to Ripple, companies such as J.P. Morgan are releasing their own centralized stablecoins backed by fiat in order to settle transactions globally on a permissioned blockchain instead of legacy banking software.


https://ingoldwetrust.report/wp-content/uploads/2019/05/In-Gold-We-Trust-2019-Extended-Version-english.pdf
p247

[UNIVERSE]

I think yes, why not?
So far, only a few stable coins that are on the market and it only gives small influences. However, it still has good value for the crypto market. At this case, stable coins may be valuable mostly when it is dumped enough. We still have the hope with this coin types.

[Dian]

Depending on what you want, if you are afraid of the risk of loss then a stable coin is necessary and if you want a profit from the price jump then you don't really need a stable coin.

[Stavr1992]

Stable coins are necessary first of all in order to wait out the moment when the cryptocurrency market falls until better times. Also stable coins show themselves well when withdrawing funds from a wallet.

[Senin]

Stable coins are very necessary for us, since they greatly facilitate our work with cryptocurrency. They primarily serve as a kind of buffer between the cryptocurrency and the usual currency. In various adverse situations, we can quickly withdraw our funds from cryptocurrency to stable coins and, thus, secure them.

[Davitsvan]

I believe, too, that stable coin is not needed,or they really should be tied to Fiat money,for example to the dollar,but it should really be,and we don't know now whether they are provided with some reserves. So same believe that if and should be stable coin,then he should be one, why create their 3-4 or 7. For what? I don't understand.

[Somyt]

for me it is also needed with stable coins, because I also believe that by buying and holding coins that are good and stable I think it will also benefit better, because good and stable coins will also have better trips in the future
so I believe we won't lose anything by having good coins.

[therozaq]

Many people think about that.  Really need  stable coins.  But I think Stable coins are good for project and ICO.  As a trader,  They are prefer high volatile coins. So,  Maybe at the coming future,  crypto  coin  will be more stable.

[toheed2x]

thats not point facebook decided and they're launching maybe thats much needed for them 

[tsakf]

Many people think about that.  Really need  stable coins.  But I think Stable coins are good for project and ICO.  As a trader,  They are prefer high volatile coins. So,  Maybe at the coming future,  crypto  coin  will be more stable.

Stablecoins, are very good, if you want to stop trading for a while. Instead of exchanging to fiat, and buy cryptourrency again, you can buy stablecoins, and wait until it is the good time to trade again.

[masterrex]

For me its Yes stablecoins are important in the market since it plays a important role to estabilized the market Since stablecoins are pegged with stable assets it will not fluctuate below further.