Do we really need stable coins?

[lepbagong]

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.

it is clear that with crypto constantly fluctuating, it will certainly be profitable for those who make investments. because the difference from what happens to the token is the profit that will be obtained, but not also the movement that moves quickly because it is difficult to determine a good analysis.

[Debasco]

though to me, stable coin is needed to put trust in some newbie i crypto that it can be stable and the likes, and its also a means of increase more to invest and theirby increase on the long run. stable coin is just like safe investment.

[Ten Ryuu]

though to me, stable coin is needed to put trust in some newbie i crypto that it can be stable and the likes, and its also a means of increase more to invest and theirby increase on the long run. stable coin is just like safe investment.

I still don't patronize stable coin.  They were just created out of thin air and the dev just declare that is 1USD ea. with some fund backing that is actually cannot support the whole supply of token.  It is a mere propaganda to take your USD and present us with fake USD in form of cryptocurrency.  When everything in crypto is regulated, I am sure one that will meet a problem is this stablecoins.

[Alcor]

Citizens will certainly support the digitized stablecoins of their central banks as they combine the advantages of conventional currencies and cryptocurrencies.
For participants in the cryptocurrency market, stablecoins of business structures and states are also convenient in work and greatly facilitate it and provide additional convenience. Therefore, stablecoins are essential for everyone.

[Dora Walletinvestor]

though to me, stable coin is needed to put trust in some newbie i crypto that it can be stable and the likes, and its also a means of increase more to invest and theirby increase on the long run. stable coin is just like safe investment.

I still don't patronize stable coin.  They were just created out of thin air and the dev just declare that is 1USD ea. with some fund backing that is actually cannot support the whole supply of token.  It is a mere propaganda to take your USD and present us with fake USD in form of cryptocurrency.  When everything in crypto is regulated, I am sure one that will meet a problem is this stablecoins.

I partly agree with you, except stablecoins cannot only be backed by fiat money. Fiat-backed stablecoins, in my opinion, aren't the greatest either. Nor are crypto backed ones. But take for example algorhytmic stablecoins. By having sound policies and regulating the issuance of money according to price fluctuation, they make trading a lot safer and protect from bubble effects.

I get that this is not suitable for lots of crypto enthusiasts but it is definitely alluring to "traditional" investors and if we want to have a shot at cryptos becoming more mainstream, I think we need stablecoins.

[Black ID]

Indeed, by looking at the development of the cypto coin for the past 5 years. I myself prefer to play it safe with stable coins. Nowadays a lot of new coins are popping up even at fantastic prices, but I still hesitate to invest. Because indeed we need a lot of consideration before finally investing in crypto.

[Nboramir]

My opinion; Stable coins are really essential for the crypto market. It gives us the chance to keep assets safe without leaving the market and to process them quickly when the markets start to rise. Not to mention the fees you have to pay in order to convert to local currencies and log back into cryptocurrency.

[Jaephoenix]

Stablecoins are what really makes cryptocurrency tick. You need a coin to tether when the price is swinging wildly

[Vladok]

Of course we need stable coins in order to keep our assets safely in them, without the risk of losing them.

[wawan96]

stable coin indispensable everyone trading in the crypto to reduce losses decrease if stablecoin not there then I think everyone will be worse because of the price of bitcoin and altcoin very unstable so stable coin a solution for traders to minimize losses inflicted when prices dump.

[Rafiq]

though to me, stable coin is needed to put trust in some newbie i crypto that it can be stable and the likes, and its also a means of increase more to invest and theirby increase on the long run. stable coin is just like safe investment.

I think investors also need stable coins in the crypto market for asset security and market stability. After a coin is sold, the assets can be converted into a stable currency to keep it safe, then it can be easily invested in another coin. Instead you have to pay a fee to convert to local currency and log in to the cryptocurrency again.

[Fawpac2]

We definitely need a stable currency.  Because a stable currency never declines.  Bitcoin prices will be much better if stabilized.  It also contains BNB. If the price of coins is stabilized, it will be much better.  If the system will increase the price but not decrease it will be the best.  Stable ones are what people like the most and investors are the most.

[jet]

traders needs this type of coin among all. whenever market undergo correction this coin will stop the loses of the traders because it won't be affected even the whole market is decreasing.
 

[Rakin343]

Stable coins are coins that do not lower in price.  The value status of stable coins is the best.  Goodbye is the best choice of the people.  Stable coins are much more popular.  If we buy and invest stable coins, then it does not have a rickshaw.  Such as USD.  So it is very necessary to make us stable.

[Fivestar4everMVP]

its good they now exist, i mean some times, this stable coins can be a life saver, the team selling doesnt really matter  as long as the price continues to stay stable, the major role stable coins play is that we can easily convert to stable coins when ever the market is going down which have been very helpful is am asked