Do we really need stable coins?

[ayatoslaw]

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.

[Stuart]

The aim of most (if not all) stable coins are to maintain a market of low or no losses. These coins are also there for those who easily freakout when there is a deep in the entire market. True crypto enthusiast does not like stable coins, because it is not profit oriented, it remains the way it is.

[tekatjaya]

In my opinion, a fixed or stable coin is needed to continue to exist in crypto currency like Etherum, which in my opinion is quite stable, even this coin is very much favored by crypto currency users to transact from one coin to another,

[vanjava]

I think stable coins are very necessary for all of us. Because this will affect the impact of the Investor who will be engaged in the field of cryptocurrency. I think stable coins must still be there and will always be used in the future.

[Leonardo]

From crypto standpoint, no. The existence of stable coins is the link between crypto vs fiat money, whereas the nature of crypto is to eliminate fiat money's role. But as an investor, I have to admit that stable coins are needed. Increasing the amount of Bitcon is my first priority. There's nothing to say when the market goes up. However, when the market goes down, I need stable coins in order to increase my bitcoin.

The story of manipulating USDT takes place every year. USDT dominated stable coins world because it's the earliest stable coin. But if its dev team continue cheating on crypto investors, there will be other trust worthy coin to replace it.

[bitjudge]

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.

[Alcor]

Stable coins make it easier to work with cryptocurrency. This is a good buffer between a cryptocurrency and a regular currency in certain situations. These are digital copies of ordinary national currencies and they create additional convenience for market participants. If someone does not like to use stable coins, then he may not pay attention to them.

[88percent]

I think yes. Stale coins may help us to hold the coins with better movement and cycle. The coins will not hit the dumped price although they may be also dropped. In this case, stale coins are needed in order to balance the market situation.

[Legio]

Stable coins can be interpreted as safer coins such as btc or eth, etc. These types of coins are very popular and are needed by many people to transact and invest, that's the fact. I don't care whether the coin is stable or not as long as there are profitable opportunities, I will choose it.

[Anzal RK]

Unique question.
stable coins are coins that will not affect the ups and downs of the market.
Therefore stable coins are very suitable for short-term trading and not for long-term trading.
need or not? in my opinion it is still necessary because they fill the volume in exchange every day.

[Cutter Cute]

I think for now I don't need a stable coin because it can't be traded and doesn't have a higher price like other crypto coins whose prices can change.
stable coins will still follow the dollar price, so I want another coin to be used for investment.

[shadowdio]

yes we really need stable coins for safety of our money when the market go dump, but we don't need more of it, I think 2 or 3 stable coins are enough for me.

[bitjudge]

And what does the topic starter think about all the opinions expressed?
Or is it one of those many topics where people's opinions are of no interest to anyone and there is no constructive discussion?

[Pegasus]

And what does the topic starter think about all the opinions expressed?
Or is it one of those many topics where people's opinions are of no interest to anyone and there is no constructive discussion?

That hurts  . Anyways, I quite agree with you on traders need stable coins to avoid losses when market goes down. But I don't agree on stable coins are need to attract new investors. People are waiting for some clear regulations about crypto to pour their money on. But I doubt that crypto market will more like stock market then. 

[bitjudge]

The most potential altcoin today that is stable is VEIL . Veil is basically integrating best-in-class anonymity technologies to become the first cryptocurrency that provides uncompromising, always-on privacy. They are already listed on exchanges with quite of the volume so maybe people could take a look at this coin. And i bought for 22cents with the bearish season it has gone up to 33cents.

Veil's spammers will receive from me a minus in karma for each post about this coin.
And the complaint to the moderator, if they do not stop.
Because I want to make the Altcoinstalks cleaner, and we don’t need spammers here.