Bitcoin Forum

Just noticed we have 100+ stable coins in the market presently. Do you feel it will have a negative impact or positive one?

Having more than 100 stable coin is a positive impact in the market. Although you must not consider coins that are stable in 1 Satoshi per coin because it is already considered as dead coin in a trading platform.

What is stable for you? The whole market did not drop or increase more than 5 % last two weeks and you call it stable? To recognize the stable asset we should observe its dynamic for at least one year and if it has not high volatility - it is a stable asset. There is not any cryptocurrency that faces this requirement (except UST and some others not true cryptocurrencies).

I didn't know that there are more than hundred of it, I only know few of it.

It has a positive impact and if you aware tether prints worth $250M of tokens, it has been said that it contributed to the bull run last year.

Stable coins need to fix their profits. But who is behind these coins is not known and they can create them as they please, although they write that everything is supported by real things. I agree that after the success of usdt they became very much like mushrooms after the rain, which, as for me, will negatively affect the cryptocurrency as a whole. I hope nothing will happen to these coins in the future, otherwise there will be another bottom of the market.

In general, the presence of stable coins is more likely to be more profitable for states to create their national currencies, because they will be somehow secured and they will not have such volatility.

Ethereum became a very stable coins which became the mainstay of my coins that yield more profits in the future.
by making even more support to Ethereum coin to make it keep on growing and yield more profits.

how is the coin stable according to you? Is it a fixed price and has only experienced a slight change since the listing on the market? or who has experienced price increases and has remained at a good price? it seems everyone has a stable coin specification that is different, and does it have an effect on the market? not necessarily

Which stable coins are you talking about? Tether and similar or just coins with 0 volume on the markets?

The stable thing is certainly better, and of course someday the price of the coin will increase and it also requires investor confidence and also depends on the development of the coin itself

   We may have different opinion on specific coins but the is just a very indicator that the Crypto Currency Market is very much active, we may seen the ups and down of the market price value of this coins yet it remain stable after the market correction. On the negative side are the possibility of some coins price value may go down when the other goes up...yet, on the side of trading this kind of Volatility is what they are waiting, trading for profits or shift of investment from one coin to another.

And also the reason for the fall this year.  ;D

It is an escape pod for the whales and they are all happy by now thanks to Tether.
They made profit in crazy heights when the bull run happened and suddenly sells a large amount which causes a big red mark to all the crypto currencies. Yes we have been played. Looks like their advisers are quite good or have some good connection with the stakes holders.  ;D

positive definitely, although there's been a lot of FUD regarding tether, which costed me a lot of money, that's the only negative thing not the coins themselves

100+ stable coins ? If I may ask, what is your definition of stability ?
As far as I am concerned, there are just very few coins that are pegged to a physical asset and the supply based on a physically backed supply and if you really want to start mentioning names they are quite few and even at that, i still will not consider them stable, or probably would just say they are less volatile instead.

I really do not think even if we have 100+ stable coins will have a negative impact, it is a market, and I am sure as time goes on with regulation, a lot of things would change, so in that case, one way or the other, any stable coin would always be pegged to something.

I only know of USDT and TUSD that are pegged to the dollar and are "Stable coins".
Best way to preserve the value on a bear market without pulling out crypto to fiat.

i believe there are about a dozen of stable coins currently in existence but majority of them are too small that aren't even worth talking about. that leaves only USDT which has a high volume.
by the way they are not the "best" way to preserve your value because they are risky coin and although coins like USDT rarely go down in price but they are still centralized and can crash hard if something were to happen to the company creating them.

I don't think there are any stable coins in the market right now, even the price of USDT is constantly changing, and I don't think the market needs so many stable coins!

I agree with you, but still be sure that all altcoins will improve as we expected.

I also don't know if there are 100 stable altcoins at the moment, I also don't really observe the altcoin developments so far, I am still learning how to assess stable altcoins, I observe that there are many income differences regarding stable altcoins, some say altcoins the stable takes up to 1 year.

Investors will not be happy if coins are stable as they need the increase and decrease in pricing to make money.  However,  stability is what encourage adoptions,  retails and wholesales business both online and offline need stability in other to adopt cryptocurrencies.  To me stability is the best and we should be happy if about 100 are become stable.

I didn't see it, because too many altcoins were traded. but there is always a good choice in investment or trade whether it is stable or not. because crypto basically has properties that are very difficult to set in other words it will not be stable ..

I think Stable coins which are pegged to Gold & USD are doing well in the market rest are based on other assets like larimer, Emerald etc are not doing well due to liquidity issues & lack of awareness about the rest of the stable coin.  Stable coins are good in the cryptospace to tackle the volatality & can be used to preserve the values of the coins when market drops in the price. Always go with the Well know stable coins like DAI (by DigixDAO), USDT (Bitfinex), TUSD (Trust Token), USDC (By Circle & Polonix), GUSD (Gemini Exchange).

More stable coins means more balancing in crypto space ,think of other countries with different languages ,I think its good ifvall countries has there own stable coin ,we cant use usdt only forever and i usdt is only good for trading because presently you can't withdraw to wallet kinda confusing too as there are two types.

Stable coins? I  personally don't see any coin being so stable asides the BNB. To me its has been stable for the longest period of time. Other coins are really hanging well as the market recovers. All in all being more stable means a generally better market . But still remember our assets are still under priced.

I do not advise to trust stablecoin. The same tether can be a fraud at any moment. If you came to the crypt, why not choose Bitcoin as a stable coin?

Stabilization coin is a new trend in the market is going down and unstable as today. Trader will have a safer option when owning it. However it is like other coin, depending on the financial situation of the company that created it.

Stable coins will not fall in price, and will not bring good profits. There will always be a positive and negative side.
Why do you invest and risk?

At this time there are many coins which are stable in the market. And price of coin will be increase surely. Growth of a coin is fully depended on the trust of investors  and definitely coin itself.

What do you see as a stable coin?
I have this feeling sometimes that people see stable coins as the coins that only rise in value (constant bull). And when the same coin stagnates it becomes a nonstable coin really fast for this person.

Exactly. there has a lot of dead coins out there. We can't count those as stable. BTW, how you come up that we have 100 stable coins? Is there any list? I think those are now in their support zone, already lost a huge value. Are you talking about those?

hi, personally, i don’t trust Stable Coins. For the reason that Stable coins should be centralized. And centralized projects can burst like a pyramid at any time.

i think the useless coins will die over time, so don't fear the market will clear itself

YES! Mostly I believe the top ten coins of the crypto market. In these past few months has increased the price very fast. So I hope when I rise the price at this end of the month it will give you us a big profit.

And what there are? I guess was meant by volatile is having the intensity of a fast price movement, it only takes a few moments the price will change, and till now I have not seen this and even I didn't found what you mean by coin 'stable', may you mention it?

If cryptocurrency has a stable price, it wouldn't be someone who hopes to get rich easily, there wouldn't be someone who was afraid to invest in cryptocurrency.

absolutely right because in the stability of the crypto coin it will not happen because every second the price of the coin will change continuously, so to choose a good coin that has a good future and has a great potential

Most of people enter cryptocurrency to make some profits and it's hard to make profits if a coin is too stable. This stability should however end when the next bullrun comes.

The issue of price stability is very relative in cryptocurrency market. Stability is still elusive in cryptocurrency marke. It is best to factors in this when you invest in cryptocurrency so you could be ahead of the market when volatility start to cause instability.

More stable coins means that there are a lot of projects build in cryptocurrency market and showing that cryptomarket is very active.. Coins might be stable but we cannot tell what coin beneficial and not beneficial to bitcoin.. we also cannot tell what coin will give risk and scam.

There are a lot of stable coins including Paragon, Cardano and Stellar. These coins are great in terms of earnings and profitability. It is better to avail the opportunity and buy them as soon as possible.

Do you think the teaser is a stable coin? In the westerly market, the tether is considered to be a scam. On this wave, the Winklevoss brothers released steakblokoin GUSD and will slowly bite off a piece of cake tether. As well, the head of the Binance Exchange proposed PAX tokens as an alternative to a tether. So not everything is so rosy with a tether.

the word stability in the crhptocyrrency world is overrated in my opinion as even the most stable coins can fall sometimes

there can be good coins and even perfect one but the market is the market and you can never tell with it for sure especially right now

The stable coin means they have to be stable on values irrespective of demand and supply those coins were like USDT and tether but OP meant to say stable coins by the coins which prices were stable range at for a while now which can't be called as stable coins though.The stable coins also can't be considered as redular crypto currency because which is totally against the decentralization.

No, even if there will be more of them, nothing will change. For example now, more than 99% of cryptocurrency people do not know that there are other stable coins besides Tether and TrueUSD. It will be the same situation in the future.

In the market of crypto-currencies there are no stable coins, all coins constantly fluctuate in price and today it can cost one amount and tomorrow it is 2 times cheaper, or more expensive. In General, the only reason we can earn such a lot of money, no business does not give such income as cryptocurrency, it also needs to be understood

We there's no stability in the market then which coin would prefer? It's very difficult to predict the upcoming status of a coin like how it change. This is become a hot topic these days after the market is very bad.

Definitely, as we all know cryptocurrencies always behaves unnaturally which means every now and then, there's a movement. Which I can say that, coins really are unstable due to maybe it's decentralized.

Of course its bring good impact, with stable coin, if we sell at the bull and dont want to cash out with fiat, we can just buy stable coin to secure our portpolio, my favourite is gold backed coin, but that coin is not listing in many major exchanger

Stability is the rise or fall of a coin, which is repeated from year to year, almost at the same time interval. But I don’t see this in the last 2 years.

Cryptocurrency are volatile in nature. And their price fluctuate time to time. And this volatility is because of their decentralised nature. But they are some stable coin are also present. Ethereum is the most stable cryptocurrency. And Because of its stability it is heavily use for long-term investment purposes. And many investors and big companies also invest in Ethereum. Ethereum miners are quite regular in Ethereum production and distribution and because of this it is quite stable in comparison to other cryptocurrency.

Of course, price is most often synonymous with a stable currency, but in this volatile asset market many cryptos have a stable community and development but end in FUD attacks because some people or groups want to get those assets at prices minima It's just hard to believe in stability here.

the altoin impact that continues to grow must be negative and positive because both saliang are complementary or contradictory. in my opinion the negative impact is the market price volatility due to irregular trading. the positive side creates many opportunities for investors and the growing crypto world.

There are more than 100+ Crypto coins accepted across the crypto world. To be stable coins the trading of coins should be positive and follow market guidelines to become stable coins by avoiding irregularities and not missing market cap leads to become out of Stability in the crypto world.

It takes a while to observe a stable or unstable coin. It's not as easy as just looking at the chart with a few days. And if you really observe, maybe only a few coins that you will consider stable in Altcoin. ???

Thousands of projects on the market.It would be wrong to care about them one by one.In other words, although many of them are low, they all generate a good income.

It will have more of a positive impact if the market can actually have so man stable coins, right now we have enough volatile coins whcih we can all use as investments to make money from in the long term. The stable coins will help to serve as a bridge in the gap for people who want their currencies to remain the same value.

But I don't think that that coin can always stable in this situations because once bitcoin increase or decrease, that coin will get fluctuated too. We already see that many coins will move to the higher or lower price depends on bitcoin movements, and we don't have the accurate prediction to know which coin that will increase. So make sure that you already make your analysis so you can buy the right coin.

I believe that having more than 100 stable coins on the crypto currency market is a positive outlook for future development. ::)

I personally would prefer the positive, because we work right through the right way more profitable for us personally, then all the coins will increase to more than we want

Yes there are to many stable coins at the moment, and i think it is not so good. We need not more then 10 of them and will be ok. Now almost everybody wants to make own stable coin.
Good Luck

There is even a huge difference between a less volatile movement which is also called a sideways movement and a stable market. As long as volatility remains, then there is no stability here. However, it is obvious the OP is trying to pinpoint to the likes of USDT, USDC, TUSD and the likes which are somehow pegged to a dollar or some other physical asset backed coins being pegged to the physical asset they represent.

They are always stable because they are controlled, but I doubt if we have up to 100+ stable coins in the market right now. Without regulations, it would be hard to audit stable coins anyway, but with regulation in a way, I really do not see any special problem.

I think most of the price of stable coins is tied together, unless the project side has negative news, causing the price of the token to plummet.

Very often I hear that all the same, many people are trying to stay away from this exchange, there are already a lot of reviews associated with this, perhaps it will be very sad to affect the reputation and as you can see already affects.

If we talk about coins, then probably we do not need a lot of coins, a large number of coins is bad, but stable tokens can be any number.

That's correct as there are set of stable coins and the value of those coins rises and fall together as their value is indirectly proportional to eachother. But we should not be confusing these coin with some new entries to the market who stays on top for first one week with huge pump and then drops down to almost zero.

I know only one stable coin, it's Tether, please tell me about the other coins I would be very interested to learn about them.

Tether is rhe one stable coin many coins are stable but tether all of best,

bitcoin bitcoin, which coin can be more stable than bitcoin. it needs to be taken, friends. moreover, it is now worth so little. from altcoins Ethereum, ripple, neo, stellar.

Stable coins could have positive impact to the market especially on bearish market as many people are shorting their coins to save the value of their investment. Though, I do not think we need so many of them, but  the market will decide which ones will be  trusted ones.

Currently, in the market, only Tether (USDT) is considered stable coin only. The crypto that you consider stable has a very high rate of oscillation. The stable coins are the most positive impact on the market, bypassing investors to lose too much when the market falls in exchange rates.

In my opinion it doesn't have a bad impact, because you will keep going in a place right? you won't sell it?
so if I don't sell it now, it doesn't matter

Good in case of volume decentralization but for newbie really not helpful which one is best one and which one to choose. But right now we need to start thinking about diversification our stable coin portfolio or just choose one and risk?

I'm very fascinated see developments owned Ripple that becomes very stable coins to be able to count on. This is demonstrated with a high enough price at this time with the growth of the coins so quickly. so very nice to rely on Ripple as the coin is stable.

I do not think that so many stable coins are needed. Tether is the most used stable coin, but i do not like if the stable coin is centralized and we have to believe that it is backed with same amount of $. I like decentralized stable coins like DAI with a motivating mechanism built in via smart contract.

There's no need for more stable coins, except Tether there's also TrueUSD, Gemini Dollar and USDC.

All of those four should be enough for everyone to choose if they prefer to convert their coins and save it during the bear market. I'd personally go with USDC or Gemini Dollar if I'm going to convert into stable coin but needless to say, its just my opinion.

I think a large number does not have a positive or negative effect. But when the stable coin is not able to maintain its stability that can make a bad effect for others

the State of the coins not always progression. so to keep vigil in the market circumstances are volatile at this highly recommend to use a coin that has stability as it did on the Ripple. This would be very advantageous to have Ripple and count on it.

Stable coins are good for market. In the past we heard too many fuds about tether but these days with these new stable coins tether's marketcap is getting lower and other stable coins marketcap getting higher. For example
true usd and usdc etc. I love to see more stable coins in crypto space and it will effect positively i think. At least finally tether is not the only choice for holding fiat in crypto.

The stability should be gained from its dollar. It's backed by dollar and any thing that happen in the crypto will not give any impact to the price of these coins. You should remember about when you are seeing that tether gets plunged and as a coin that backed by a dollar for each tether and that doesn't make sense.

There are no stable coins in cryptocurrency, unless they have a strong product that have been used by many peoples in real world.
When bitcoin down, almost all coins are going down too. Even for now, you can see in coinmarketcap that only some coins which have a green trend price, the others are red and going down the trend.

To have a 100+ active coins in the market has a possitive infact to us, because we can continue making profits from it, but dont considered the coins that has a value of $0.01 because this will soon to be dead.

What do you mean by stable coins? The whole market is unstable after all given the  volatility of cryptocurrency. How can you say that 100 coins are stable at the time when almost all the coins are unstable? Prices of all coins are going up and down from time to time. If the regulations are strictly in place, the market will experience stability to some extend, it is expected.

There is no negative impact of the coins on the market, it is better that we are not having any kind of stable coins since the coins that we have right now cannot even maintain their stable status. I do not believe that this is the time of the stable coins, people are trying to make money and they are not going to do os with coins that do not move

What coins are we talking about? The cryptocurrency market is not a priori to be stable. The volatility is high and we see it every day. Even coins that are declared as stable have greater volatility.

I think that people will use only few of them. For example, I know onlu 3 of them TUSD, USDT, GUSD. And I won't buy another stable coin because these coins are famous and checked by many organistions.

100+ so many coins, which you think, that stable. In my opinion there are 20 top coins, which have some perspective for future.

Note. Of the top 100 stable, about 50 first coins can be called. The remaining coins then fall into the list, then fall out of it.

I do agree on your "checked by many organistions." point, but I do believe the doors are still open for the best stable coin backing method. I love how Gigzi, for a sample, will use precious metals, like Gold for backing the crypto-assets price, so it is less volatile. This project is very promising and stable coins are not all created equal. Gold is known by its stable price. And using it to back the crypto-assets price is more powerful..

I think stable coins are not a good thing, if all the coins are stable then where can we benefit?
don't we have a chance to buy lots of coins when prices go down and we can get a lot of profit by selling them when prices rise