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Title: Stable Coins Necessary? Post by: Trcream on November 05, 2018, 07:54:50 AM Currently seems every project or crypto company wanna create a stable coin now, except USDT, currently we have GUSD, TUSD, PAX. But do you think it's really necessary to have so many stable coins? Title: Re: Stable Coins Necessary? Post by: siddartha1492 on November 05, 2018, 08:02:16 AM Yes, why not. Stable coins protect investors from downward trend. You should have some % of your assets in stable coins. The reason for many stable coins is because you just can't trust 1 stable coin. If it fails then the results are catastrophic. For example USDT is losing its trust very fast. Devs aren't allowing external audits and so people are looking for other alternatives. This is where coins like GUSD, TUSD are coming in.
Title: Re: Stable Coins Necessary? Post by: ridertiger on November 05, 2018, 08:03:59 AM I like stable coins, and here is the kicker. I think they are what will replace USD. Bitcoin, ethereum, eos etc. they all have their uses, but they can only be used like gold or used in apps, and I think you will be buying your pizza and coffee with stable coins, and not bitcoin, but you will buy stable coins with bitcoin.
Title: Re: Stable Coins Necessary? Post by: Ghebung Masam on November 05, 2018, 08:08:41 AM I don't think so and I personally prefer to exchange directly into fiat money, especially there are many local exchanges that support fiat as trading pairs in their exchanges.
Title: Re: Stable Coins Necessary? Post by: Rameshvijay45 on November 05, 2018, 08:13:00 AM Yes it's necessary and it will helpful to those who are trading.
Title: Re: Stable Coins Necessary? Post by: JimmyNg90 on November 05, 2018, 11:01:53 AM I think no need too much stable coins. Only a trustable stable coin is enough. In my opinion, trust is what makes this coin stabe. If we lose trust in this stable coin, it will no more stable. Like USDT a few days ago.
Title: Re: Stable Coins Necessary? Post by: Noobaru on November 05, 2018, 10:11:14 PM I like to think that it is. Imagine the following example. You would like to move your assets from volatile cryptos into stablecoin. Are you going to use one or several that are at your disposal? In my opinion, it is good to spread around as much as you can. Because if you leave it in one stablecoin, well, that one can maybe crash. We all know what was happening with Tether lately. They were making them out of the blue (like printing paper money) and they they decided to destroy those Tethers. You never know, so it is better to play safe than sorry. Because all of them probably won't crash at the same time (that is very unlikely to happen) unless crypto goes extinct. ;D
Title: Re: Stable Coins Necessary? Post by: makishart on November 05, 2018, 10:18:16 PM Yes, why not. Stable coins protect investors from downward trend. You should have some % of your assets in stable coins. The reason for many stable coins is because you just can't trust 1 stable coin. If it fails then the results are catastrophic. For example USDT is losing its trust very fast. Devs aren't allowing external audits and so people are looking for other alternatives. This is where coins like GUSD, TUSD are coming in. Do you think these new coins are allowing external audits? I doubt if they are allowing it right now. Most of them lack of transparency and they can't even prove how much reserve funds that available in their wallets. These stable coins needs more transparency. Other platform can only take the advantage from lack of transparent on tether company. Title: Re: Stable Coins Necessary? Post by: emezh10 on November 05, 2018, 10:37:09 PM I like to think that it is. Imagine the following example. You would like to move your assets from volatile cryptos into stablecoin. Are you going to use one or several that are at your disposal? In my opinion, it is good to spread around as much as you can. Because if you leave it in one stablecoin, well, that one can maybe crash. We all know what was happening with Tether lately. They were making them out of the blue (like printing paper money) and they they decided to destroy those Tethers. You never know, so it is better to play safe than sorry. Because all of them probably won't crash at the same time (that is very unlikely to happen) unless crypto goes extinct. ;D Every investors would go for a stable coin as posted in the market, We know for a fact that market is very Volatile but even with the volatility of the market we can see the stable coins, price value may goes up and down , still it remains stable with, good fundamentals, market structure, high confidence by the consumers market. it is your good market research, market study that would help you out whether to invest or not on your choice coins, the nature of investment is to produce profit given the risk of possible lost in any eventuality.good luck, invest wisely. Title: Re: Stable Coins Necessary? Post by: sherenikaw on November 05, 2018, 10:48:35 PM There may be only few stable coins right now that protect the investors and all token holders from the dropped market. However, it may makes some sense or makes some sides.The stable coins can allow us not to lose much money. However, can the stable coin survive? I mean that so far, I don't really find out the exact stable coins if seeing from the common market.
Title: Re: Stable Coins Necessary? Post by: Karr98 on November 05, 2018, 10:56:16 PM In my opinion stable coin is still needed for now because this can make people who invest at crypto can change their invest if the market is drop so they still trust to invest at crypto and stable coin is need for reduce coin that can br manipulated.But i think we only need just several coin not to many too
Title: Re: Stable Coins Necessary? Post by: shark69 on November 05, 2018, 11:39:59 PM of course, the cryptocurrency company will not want to lose and be abandoned by its investors. This should be thought of by some erc20 token projects, because from my conclusion they only sell for unilateral profits.
And in 2019 is the right moment to buy coins rather than tokens. Title: Re: Stable Coins Necessary? Post by: stablecoineuro on November 05, 2018, 11:52:39 PM Yes. There will probably be some consolidation down the road, where only some of the stablecoins currently in the market manage to gain/keep real significance. But for now the competition is good, because it pushes the projects to be as good as they can in terms of compliance, transparency, etc.
Title: Re: Stable Coins Necessary? Post by: Rozita on November 06, 2018, 12:14:08 AM I do not call them cryptocurrency as they are controlled by third parties but creating stable coin was a good idea. Changing the cryptocurrencies to such stable coins is easier than changing them to dollar or other fiat currencies. But we don't need high number of them. Assume that this number is increasing day by day same as tokens. It will be very difficult to trust them. According to what happened to tether, we cannot easily trust them.
Title: Re: Stable Coins Necessary? Post by: blackhawkeye1912 on November 06, 2018, 12:21:32 AM Stable cryptocurrency coins are necessary for these coins to go mainstream adoption. It's very difficult to imagine using cryptocurrency in financial transaction such as in purchasing f these coins are not stable. Volatility is good at the start but to be able to use in everyday life transaction, it not good.
Title: Re: Stable Coins Necessary? Post by: Reatim on November 06, 2018, 12:58:04 AM I think their purpose is for investors to hedge their tokens or coins specially if a dramatic fall happens to the coins they hold. They can just leverage it and put their investments on stable coins and see how it goes. At least its sort of damage control for majority of us.
Title: Re: Stable Coins Necessary? Post by: charlie137 on November 06, 2018, 01:13:06 AM I think their purpose is for investors to hedge their tokens or coins specially if a dramatic fall happens to the coins they hold. They can just leverage it and put their investments on stable coins and see how it goes. At least its sort of damage control for majority of us. and then you would need to worry if your stablecoin really remains stable. why not just convert investment into fiat then? Title: Re: Stable Coins Necessary? Post by: batang_bitcoin on November 06, 2018, 01:18:37 AM For stable coins, well its not that necessary to have many of it but, ask the same questions for altcoins.
Competition is tough and developers and companies who sees that they are better will create their own stable coin. IMO, the best right now are those that has a real backed up of USD like what coinbase and circle did, USDC. Title: Re: Stable Coins Necessary? Post by: Shreek on November 06, 2018, 01:29:35 AM yes of course, as long as the coin is truly backed by FIAT, the public trust in the cryptocurrency will be even higher, especially the party that regulates the price flow is the official government, then it will make it easier for all citizens to buy and transact using cryptocurrency without having to fear rapid price changes
Title: Re: Stable Coins Necessary? Post by: a d i m u l on November 06, 2018, 01:38:54 AM everyone would want a stable altcoin, moreover, it could break through $ 1000 again. it's been too long, prices have dropped and stabilized at $ 200. when will this happen towards the increase ??
Title: Re: Stable Coins Necessary? Post by: bitcoinm3ster on November 06, 2018, 01:50:53 AM Currently seems every project or crypto company wanna create a stable coin now, except USDT, currently we have GUSD, TUSD, PAX. But do you think it's really necessary to have so many stable coins? At the current time, I see Bitcoin is being the stablest coin in market ;D . Just a little kidding, I think in the future, stable coins will have an important role in this market, it helps this market more stable and more reliable Title: Re: Stable Coins Necessary? Post by: Caladonian on November 06, 2018, 03:19:51 AM I like stable coins, and here is the kicker. I think they are what will replace USD. Bitcoin, ethereum, eos etc. they all have their uses, but they can only be used like gold or used in apps, and I think you will be buying your pizza and coffee with stable coins, and not bitcoin, but you will buy stable coins with bitcoin. Logically, if that will be introduce then it's more effective while working with crypto, stable coins can be the alternative inside crypto so instead of exchanging your btc or any crypto to fiat before buying goods stable coins can be do that as mediators, the concerned with that is since we are inside volatile market how can it be possible and what would be the basis value of any stable coins just in case, as right now most of coins id not everyone are still leaning with btc. Title: Re: Stable Coins Necessary? Post by: cola-jere on November 06, 2018, 03:59:21 AM Currently seems every project or crypto company wanna create a stable coin now, except USDT, currently we have GUSD, TUSD, PAX. But do you think it's really necessary to have so many stable coins? The need to have many stable coins arose due to the undisclosed audit of USDT that it has the same USD in it's reserves to back the circulating supply of USDT. GUSD, TUSD and USDC claimed that their "crypto" in circulation are fully audited. Stable coins that have parity close to the USD is very good to preserve asset/portfolio value on downturns. Title: Re: Stable Coins Necessary? Post by: el_lobo on November 06, 2018, 04:16:00 AM Stable coins are a good invention and the more we have, the better, i would say.
Of course, not every stable coin is accepted everywhere, so it is good to have more than one. Title: Re: Stable Coins Necessary? Post by: Cat Coin on November 06, 2018, 04:20:28 AM Stable coins are necessary, and not one, so that in the future you can switch to the use of cryptocurrency in everyday life. As long as there is an unstable market, we cannot expect new users who do not want risks, but are ready to be consumers.
Title: Re: Stable Coins Necessary? Post by: lelou on November 06, 2018, 04:28:33 AM One stable coin is enough I think but there's nothing wrong having more stable coins as long as they don't have the same value.
Title: Re: Stable Coins Necessary? Post by: Omela44 on November 06, 2018, 04:56:54 AM Stable coins are necessary, because it should make it easier to trade crypto against fiat with stable coins. For many exchanges fiat money is a problem and a stable coin should be the solution. In addition, it is good to have several stable coins, if one of them is not so stable.
Title: Re: Stable Coins Necessary? Post by: grendel25 on November 06, 2018, 04:57:17 AM Currently seems every project or crypto company wanna create a stable coin now, except USDT, currently we have GUSD, TUSD, PAX. But do you think it's really necessary to have so many stable coins? There can be many iterations of stable coins. Stable coins do not simply have to be tied to one fiat currency or another such as USD, Chinese Yuang, Japanese Yen, or whatever. The concept of stable currencies can be linked to anything that has something to reinforce a certain value or even a steadily growing value such as what LAPO blockchain strives to achieve. Really, stable coins are all about control and less about being locked to some simplistic view of what a stable coin is in general. Title: Re: Stable Coins Necessary? Post by: kalstarzz on November 06, 2018, 05:14:04 AM for me stability is very important and must be owned by every coin or token. if the stability is not possessed then the coin is fast or is said to be the loss of the interested ones.
why is that? the answer is because investors are reluctant to invest in coins or tokens that cannot be determined in the direction of their future. so stability is very important, if not, the coin will end. Title: Re: Stable Coins Necessary? Post by: mummybtc on November 06, 2018, 05:43:58 AM It is simple, everyone want a cut of the pie, if one look at the success of Bitfinex it was directly tied to the level of prining of Tether coin by Bitfinex and the exchange has made alot of good profit doing so. I have my issue with Tether but out of these StableCoins it is still the one a trusted most because it has passed the test of time
Title: Re: Stable Coins Necessary? Post by: Vektrum on November 06, 2018, 05:52:19 AM Stable coins are necessary, and not one, so that in the future you can switch to the use of cryptocurrency in everyday life. As long as there is an unstable market, we cannot expect new users who do not want risks, but are ready to be consumers. Yes, stable coins are very convenient and practical when working with cryptocurrency. These are practically auxiliary coins that are not used for profit, but very well help other cryptocurrency users in this. Stable coins are very good for use as a buffer and a sump.Title: Re: Stable Coins Necessary? Post by: Sevarchik on November 06, 2018, 05:55:18 AM I think need to provide ico's with stable coins now.
Because i see many ico postpone their ico by the reason what eth price go down, its rofl Title: Re: Stable Coins Necessary? Post by: l10no on November 06, 2018, 06:43:48 AM Having stable coins does not make us worry, but now it can be guessed, if there are new coins entering the market. direct dumping prices. we can predict it like that. if you don't believe, open the busiest exchange at the moment, call it Binance.
Title: Re: Stable Coins Necessary? Post by: fortelen on November 06, 2018, 07:18:59 AM at least in the stability that will make investors be safe. It certainly will have an impact also in making the market into shock rarely have meaning. but for security is indeed the stability of coin will be indispensable for those who fear losses in crypto. at least it will be an alternative to keeping fixed assets can be expected to get results.
Title: Re: Stable Coins Necessary? Post by: @rt27 on November 06, 2018, 07:30:58 AM According to my opinion it is very impossible that there will have stable coin which the market is unstable. Bitcoin leads crypto and will continually lead it maybe until forever. Well, if there will have stable coin then I assume the market is stable.
Title: Re: Stable Coins Necessary? Post by: Zurcermozz on November 06, 2018, 07:33:11 AM yes i think its much better to the coin and its developer to make the coin stable, since it may not cause panic selling , also if you have stable coin, more investor will likely to join and invest on it since there is no chance of failure.
Title: Re: Stable Coins Necessary? Post by: Annieluvyou on November 06, 2018, 07:39:15 AM As much as possible is needed for stable coin to be available, that could give everyone a choice that it could be used as one shape of investment.
With stable coin there will be less chance to have a decline in a price. Title: Re: Stable Coins Necessary? Post by: waser12 on November 06, 2018, 07:49:46 AM The range and supply of stable coins is OK but I don't think that we need so many stable coins, it just enough one that we can trust.
Title: Re: Stable Coins Necessary? Post by: Crypto_lion on November 06, 2018, 07:55:37 AM Stable coins are definitely necessary for trading point of view as right now we can't withdraw and convert to don't immediately so it always provides an immediate option.
Title: Re: Stable Coins Necessary? Post by: tuthienloc92bk on November 06, 2018, 07:56:20 AM There are some exchanges which will allow users trade with multiple fiat - cryptocurrency pairs. So, I think Stable coin will be useless in near future.
Title: Re: Stable Coins Necessary? Post by: asayoyaasa on November 06, 2018, 08:15:26 AM Ya I think its really necessary to have stable coin, people stil need it for safe their fund when they are not doing trades. Also to avoid the dump market, just Tethered your fund that is safe your amount.
Title: Re: Stable Coins Necessary? Post by: fempat on November 06, 2018, 08:44:55 AM You can't enjoy e-commerce when the price of commodities fluctuate. In fact many people will not use cryptos because of this. One of the characteristics of money is that it must have store of value.
Title: Re: Stable Coins Necessary? Post by: ArtemSergeevich on November 06, 2018, 08:51:35 AM So many currencies are definitely not necessary, I feel some kind of deception here, we need one stable currency pegged to its equivalent, for example usdt to the dollar, euro to euro, pound to pound, and so on. I consider the rest as artful manipulations that are clearly not in our favor.
Title: Re: Stable Coins Necessary? Post by: Karlinz on November 06, 2018, 09:07:27 AM The concern is if the so called stable coins are really stable, We had thought usdt to be a stable coin initially until later we realized it wasn't, a stable coin should be one with no obvious value fluctuation against real usd for instance. This should in some way be the real alternative in merchant and goods payment as the users do not have the fear of value change afterwards just like we have in cryptocurrencies and the should have free or very litle transfer charges
Title: Re: Stable Coins Necessary? Post by: iconoclast on November 06, 2018, 09:13:55 AM Currently seems every project or crypto company wanna create a stable coin now, except USDT, currently we have GUSD, TUSD, PAX. But do you think it's really necessary to have so many stable coins? Title: Re: Stable Coins Necessary? Post by: leow on November 06, 2018, 09:19:11 AM Personally, I am a relatively stable coins can be attributed to DOGE coin. This token was created a long time ago, and holds its price very well, even at a time when the market is very unstable. Therefore, it can be used as a token to preserve your assets
Title: Re: Stable Coins Necessary? Post by: thanhtux92 on November 06, 2018, 09:29:11 AM Stable coin are important, institution can use it for making transactions without fear of a sideways market!! for me it will help improve adoption and mitigate risk for lots of business
Title: Re: Stable Coins Necessary? Post by: moonblocks on November 07, 2018, 05:14:44 AM Assets that are stable in value particularly those that are pegged to a FIAT currency are important for traders and investors who require a safe haven for their capital when the market is volatile, and the more options there are the lower the fees are likely to be due to increased competition
Title: Re: Stable Coins Necessary? Post by: Andruha1993 on November 07, 2018, 06:51:10 AM It would be nice to have more stable coins. Because it seems to me that if you invest in stable coins, you can not worry that the price of this coin will fall very much down.
Title: Re: Stable Coins Necessary? Post by: just_strange32 on November 07, 2018, 06:55:25 AM Coins have outstanding features compared to cash. But it is limited to fluctuations and safety is not high. Therefore, if the coin is to overcome its instability, in the near future, it will be popular and widely used around the world. Therefore, the stability of the coins is very necessary.
Title: Re: Stable Coins Necessary? Post by: stoxalpha on November 07, 2018, 07:40:23 AM In theory, the emergence of a large number of stable currencies is an acknowledgement of cryptocurrency, but if the stable currency is very stable, it may affect bitcoin, and a successful and stable currency market value may exceed bitcoin.
Title: Re: Stable Coins Necessary? Post by: BaraxLo on November 07, 2018, 09:39:54 AM I don't think so and I personally prefer to exchange directly into fiat money, especially there are many local exchanges that support fiat as trading pairs in their exchanges. Well, you also have to understand that not every exchange deal directly with fiat, as that will always need some huge form of regulation over time, which I believe that some are being a bit set aback as a result of that and one of the reasons why we are seeing some groups in collaboration with banks and some legal framework, coming with their own physical backed stable coin. USDT has been in the limelight with huge volume over the years, but the fact remains that there is something shady that is making investors worried, so having alternatives which you can trust more, to at least hedge, is not a bad idea. There is always good thing about competitions anyway. Title: Re: Stable Coins Necessary? Post by: voztata on November 07, 2018, 09:57:58 AM Currently seems every project or crypto company wanna create a stable coin now, except USDT, currently we have GUSD, TUSD, PAX. But do you think it's really necessary to have so many stable coins? Title: Re: Stable Coins Necessary? Post by: dulinivanrus on November 07, 2018, 10:06:46 AM Stable coins are not so interesting for earning, cryptocurrency attracts with its instability and colossal interest rates !
Title: Re: Stable Coins Necessary? Post by: iTradeBit on November 07, 2018, 10:19:27 AM Yes, we do. By this way more people will trust crypto currencies.
Title: Re: Stable Coins Necessary? Post by: troy.gold on November 07, 2018, 10:22:32 AM Stable coins are necessary in order to protect your investment during downtrends. Unfortunately - you cant profit from a stable coin, sure you may make a fraction of a percent here and there but there is no real return. I am ignoring teather's recent volatility as it isn't common.
See below https://medium.com/coinmonks/fundamental-problem-with-all-stable-coins-339516acb094 Quote “Stable” coin is a hot topic, Haseeb Qureshi had a great Medium blog post dissecting three types of “stable cryptocurrencies”. Here’s the link to his article. I will go over the pros and cons of all three categories later in this post, but Haseeb, and many other commentators are missing the point and so do all “Stable” coin designers. All of these coins have one characteristic in common: they all target a specific price. I assume the thinking goes: “if the price doesn’t change much, that would make a coin stable”. I think it is a big mistake. First of all, when a specific price is targeted that means that any time price moves away from that target, an organization tasked with maintaining the price stability will use their predetermined process to force the price in other direction. Historically that is how any price peg is maintained. And as we all know pegs have tendencies to be broken. It becomes a game of who has more resources, people that are trying to break the peg and people that are trying to defend it. George Soros is a poster child of peg breaking. Any time speculators feel that they have enough resources to break a peg they go for it. It’s just a matter of time when a peg is attacked. When investors lose confidence in the peg or price stability that spells the end of that particular “stable” asset. But that is not even the main problem with targeting a specific price level. Stability in itself should be viewed as a valuable resource, and the value of any market resource is changing based on the demand. When volatility is up or inflation increases (reduced stability in the world financial markets) demand for stable asset would increase, and when volatility is decreasing and there is no threat of a runaway inflation, demand for stability goes down. These market forces make stable assets more stable, it regulates its supply and makes such assets productive. A great example of a stable asset is gold, and gold price moves around. It is determined by market forces and perceived stability of the global financial system. The dollar is another example. It’s ironic that many stable coins are trying to target a price equal to one dollar, but the price of the dollar itself (as stable as it is) moves around against other currencies. Stability of the dollar or gold does not come from targeting a specific price. A dollar is relatively stable (compared to many other currencies) because it powers the US economy, biggest and most stable economy in the world. Gold is stable because it has a perceived value and that perception has been around for millennia. Targeting a specific price actually makes stable cryptocurrency less stable. As demand for the stable assets is increasing or decreasing it put pressure on whatever stabilization mechanism that currency is using. Increasing stress on the stabilization process and cost of that stability. As far as the three known categories of stable cryptocurrencies, there are examples of all three and many are viable and I am sure many more will be created. But all three have problems. Cryptocurrencies backed by fiat currencies are probably the best know “stable” cryptocurrencies. Tether and TrueUSD are good examples of this category, but Tether specifically is used not because of it’s stability, it is used as a US dollar substitute by many crypto exchanges. Exchanges are afraid of dealing in USD directly because they don’t want to answer to US regulators and they all use USDT instead. As any asset-backed token, dollar backed currency is as stable as the dollar itself, as long and the relationship between the underlying asset and the token is transparent and safe. Even though Tether is in demand, the shortcomings of the dollar backed tokens are obvious, creating cryptocurrency backed by a fiat currency means that the coin’s ecosystem has to be plugged into a traditional banking system to hold the underlying fiat currency at best with a centralized custodian. And the risk of that design is front and center in the Tether implementation. Tether cannot be open about where the dollars backing the currency are held without exposing itself to the wrath of US banking regulators. As a result, it’s unclear who is holding the dollars for Tether and how much of it is there. One call from US regulators to any bank that is doing business with Tether and that relationship is gone. A good example of a “stable” coin backed by crypto collateral is Dai by MakerDAO. The market cap is growing, it stands just over 40mm USD. Dai seems to be pretty stable so far, but to achieve that stability, Maker is over collateralizing its tokens. That process makes the stable currency expensive and whether it will be able to significantly grow its market share remains to be seen. The last and my favorite (I am being a little facetious here) category is “stable” currencies with stability provided by an external resource or an economic schema where some other resource (usually a second coin) is used to maintain the stable price of the first one. Basis (formally known as Basecoin) would be a good example. It is unclear how this coin will behave, especially at the time of a significant market stress. I view these systems as artificial, and ultimately, artificial systems use external resources to maintain stability. Investors have to trust that participation in these type of dual coin models will be profitable. The second this trust in an outside resource or a dual coin structure is gone these type coins would collapse. Resources have a tendency to run out and I think at a time of some market crisis these type of tokens will not do well. I may be proven wrong, time will tell. So how can a stable cryptocurrency be created, or what could make a cryptocurrency stable? In short, a truly stable cryptocurrency has to have its own stability and not rely on another asset or another coin to maintain its price. A stable crypto ecosystem has to be created and a cryptocurrency that is an integral part of it will be as stable as the ecosystem itself. Both Bitcoin and Ethereum ecosystems are growing and gaining stability, these currencies won’t be viewed as stable in comparison to gold or dollar any time soon but they are gaining stability. As a number of market participants increase these currencies will be less volatile and more stable. Stable ecosystems mean there is a stable demand for the currencies, not just from traders and speculators. The current value of these two and other cryptocurrencies is based purely on real or perceived demand generated by investors entering the crypto market. The influx of new market participants is significant and for now, it doesn’t add to the stability of these cryptocurrencies. So, what will a real stable cryptocurrency look like? Here’s my list of attributes: It will run on its own blockchain that is a well understood and safe It will support a large ecosystem with a stable and significant number of the daily transactions. The value of this currency will have a direct correlation to the size of its network It will not be backed by any other asset The price of this currency will be allowed to fluctuate based on supply, demand, market sentiment, etc. The value will not depend on gimmicks like token burning, etc. Fungible Network is working on such currency. We believe it will be the first cryptocurrency where stability will be a byproduct based on real returns the currency can generate for its holder. STAY TUNED! Dan Raykhman, CEO of Fungible Network Title: Re: Stable Coins Necessary? Post by: anjho.ace on November 07, 2018, 10:24:30 AM Yes! why not? but will there be enough demand on the coin if they will just be a stable coin?
What is the main purpose to get the token if there will be no earning in the future? most people in cryptocurrency community are looking for a coin to hold and rise the price in the market soon! Title: Re: Stable Coins Necessary? Post by: wojteks102 on November 07, 2018, 10:28:37 AM If there is more stable coins projects than percentage of market role of Tether is going lower and lower and that's good because right now there was too many volume linked to one stable coin.
Title: Re: Stable Coins Necessary? Post by: nebuch on November 07, 2018, 10:31:02 AM I personally doubt that there are stable coins due to the fact that crypto market won't ever be stable. I know the main characteristic of crypto market is volatile. It means in all season in any moment it is always possible to experience change. Once bitcoin be stable for long there will have stable market. Correct me if wrong a about my opinion.
Title: Re: Stable Coins Necessary? Post by: john_nautica on November 07, 2018, 10:31:37 AM Currently seems every project or crypto company wanna create a stable coin now, except USDT, currently we have GUSD, TUSD, PAX. But do you think it's really necessary to have so many stable coins? Title: Re: Stable Coins Necessary? Post by: braves182 on November 07, 2018, 10:44:38 AM I cannot say that stable coins is a necessity, it's rather a convenience for those who are engaged in trading. And for people who invest in the long term, I wouldn't recommend to hold their assets in these coins. The risks of an unexpected scam are no less than those of other crypto assets. It's not the same as keeping money in euros or dollars in your Bank account.
Title: Re: Stable Coins Necessary? Post by: jonruhoax on November 07, 2018, 10:52:12 AM Currently seems every project or crypto company wanna create a stable coin now, except USDT, currently we have GUSD, TUSD, PAX. But do you think it's really necessary to have so many stable coins? nothing is stable in the crypto industry, I think everything is centered on bitcoin. and if there are several alt that can compete with bitcoin. in other words the market will be more independent Title: Re: Stable Coins Necessary? Post by: iljamlnk on November 07, 2018, 11:06:42 AM Stability in the short term is important for the convenience of transactions, and in the long term for the use of cryptocurrency as a store of value.
Title: Re: Stable Coins Necessary? Post by: nak02 on November 07, 2018, 11:08:25 AM Well, those steady coins are to be in market or some project that have valuating the price of their products, it will be maintain the price and no one will be loss.
Title: Re: Stable Coins Necessary? Post by: hanxinvwang on November 07, 2018, 11:29:07 AM When the traditional industry begins to transform to the blockchain and crypto, you will see a lot of stable coins like USDT. Now, in addition to usdt, there are GUSD, TUSD, there will be more in the future. In the long run, more stable coins appearance is conducive to stabilizing the price of crytpo, inhibiting excessive speculation.
Title: Re: Stable Coins Necessary? Post by: residivis on November 07, 2018, 11:39:53 AM very much needed because I think at this time it requires stability in crypto currencies to get income every day in the trade. so I think it will increase the number of investors in this crypto currency.
Title: Re: Stable Coins Necessary? Post by: aces777 on November 08, 2018, 03:45:56 PM Currently seems every project or crypto company wanna create a stable coin now, except USDT, currently we have GUSD, TUSD, PAX. But do you think it's really necessary to have so many stable coins? It is not really necessary, having stable coins is not going to make more people use the coins more, they are not going to keep using the coins as currencies, people want to be able to make money from investing in the coins and if they coins are not volatile enough for them to be able to move higher in price then there is no potential to make money from it Title: Re: Stable Coins Necessary? Post by: Everglow on November 08, 2018, 04:03:58 PM Of course it is necessary. Investors need more than a stable coin (USDT) to shelter whenever market fluctuations occur. And more stable coin means the market is no longer manipulated by tether.
Title: Re: Stable Coins Necessary? Post by: mapsi on November 08, 2018, 10:59:03 PM Yeah stable coins necessary in that market. You know too many exchanges dont have any cash option so they can easily use stable coins for that and we can use these stable coins like a fiat and we can send these stable coins easily to other exchange wallets. I love stable coins and using it.
Title: Re: Stable Coins Necessary? Post by: Jrfranco on November 09, 2018, 10:15:33 AM Currently seems every project or crypto company wanna create a stable coin now, except USDT, currently we have GUSD, TUSD, PAX. But do you think it's really necessary to have so many stable coins? Stable coin could help the crypto community from possible bad market condition and also from their investments in other alts, the good thing about this stable coin is that, it allows the community to invest more of it, as long as the price of this coin is constantly stabilized, it drives more users to use and invest in it. Title: Re: Stable Coins Necessary? Post by: Red-Apple on November 09, 2018, 12:03:33 PM as long as the stable coins are centralized and not really stable, we do not need them so saying they are necessary is foolish. they certainly fulfill some of the needs of altcoin traders these days but the risk is high enough to make everyone think twice.
in my opinion as long as we can not come up with a stable coin concept that is truly stable and also decentralized we will not see any proper coin. Title: Re: Stable Coins Necessary? Post by: mistersehmuz on November 09, 2018, 12:08:23 PM I think they are necessary because it is still hard to withdraw our balance from exchange to bank accounts. But the number of stable coins, I think, should not be too much. 10 stable coins are enough for the current market cap.
Title: Re: Stable Coins Necessary? Post by: apitico on November 09, 2018, 01:33:09 PM I think that some really stable coins will not hurt, but unfortunately really stable coins, even those which are presented on this side, in fact they are not.
Title: Re: Stable Coins Necessary? Post by: setelogia on November 09, 2018, 01:38:19 PM Doesn't the very number of stable coin startups prove that the coins are necessary? :) There are over 160 of them now!
But if we look at BTC to USD price chart, we see that price fluctuations are becoming less and less strong. It will be funny if BTC and other cryptos soon get rid of their crazy volatility and make stable coins obsolete Title: Re: Stable Coins Necessary? Post by: irixo10 on November 09, 2018, 01:39:57 PM Of course it is necessary. Investors need more than a stable coin (USDT) to shelter whenever market fluctuations occur. And more stable coin means the market is no longer manipulated by tether. I very much agree with your opinion. USDT has manipulated the market for too long and it makes us depend on it too much. Now that there are a lot of different stablecoins and that gives us more options, the market is definitely going to be a lot better nowTitle: Re: Stable Coins Necessary? Post by: qiman on November 09, 2018, 01:42:58 PM STABLE coins are mainly for day traders who want to dump their coins into ma stable coin fast if they see a down trend, so I guess for the day traders it is a safe haven to park their funds and that is how they lock in their profits whilst still being in the market as opposed to exchanging to fiat then back again through external means. This also helps the whales preserve their funds on exchanges in case they want to re enter Bitcoin and the Crypto market, without going through a bank.
Title: Re: Stable Coins Necessary? Post by: Rati24 on November 09, 2018, 01:43:39 PM In fact, there are even more coins than you have indicated in this list almost every exchange now has its own stable coin. It can be good for traders as it doesn’t have to bring everything to fiat, but in the long run it can have a bad effect because it is not known whether the coin is backed up with real money.
Title: Re: Stable Coins Necessary? Post by: jakiro.hovard on November 09, 2018, 01:45:14 PM If viewed from the point of view of traders, then of course stable coins are very necessary, because it happens as it did in 2018 when people should have fixed their profits, but most did not believe in the USDT and lost 10 times more.
Title: Re: Stable Coins Necessary? Post by: felissss500@gmail.com on November 09, 2018, 01:49:21 PM it is possible that competition will do a good job, and the most viable coin will survive and the most stable and will "eat" its counterparts
the existence of many such coins has no sense, I think that two or +/- 1 is enough Title: Re: Stable Coins Necessary? Post by: kknop on November 09, 2018, 04:16:51 PM how about using stable coin as a fiat to crypto gateway? anybody has some experience?
Title: Re: Stable Coins Necessary? Post by: Naitik on November 09, 2018, 04:22:48 PM yes there are lots of fluctuation, so you have to have some stable coins to protect yourself from the great loss and have some profits even in the bear market.
Title: Re: Stable Coins Necessary? Post by: Lake20 on November 09, 2018, 04:23:58 PM Stable Crypto coins are needed if we want Cryptocurrency to go mainstream and be accepted by many. The truth is that it will be difficult to use volatile token or Coin in everyday's transactions without it having little form of stability.
Title: Re: Stable Coins Necessary? Post by: emezh10 on November 09, 2018, 04:29:30 PM everyone would want a stable altcoin, moreover, it could break through $ 1000 again. it's been too long, prices have dropped and stabilized at $ 200. when will this happen towards the increase ?? Yes, everyone want stable coins as posted in the market, it maybe affected by ups and down on the market price value but still remains stable after such correction, no one want to lost or unstable coin, surely it not good for their investment, no profit to hope for once the market stabilized and gain momentum for the possible crazy bull run in the future. Title: Re: Stable Coins Necessary? Post by: maldini on November 09, 2018, 04:34:56 PM I think bitcoin is enough if only for coins to be stable because bitcoin is now quite stable and rarely has a downtrend, bitcoin has the potential for an uptrend going forward. I think the stable coin is enough with the one you mentioned above
Title: Re: Stable Coins Necessary? Post by: awazieik on November 09, 2018, 04:37:43 PM Currently seems every project or crypto company wanna create a stable coin now, except USDT, currently we have GUSD, TUSD, PAX. But do you think it's really necessary to have so many stable coins? The crypto market is faced with so much volatility so the school of thought is that there needs to be a stable coin that will prevent such so that investors can invest in cryptocurrency . It doesn't matter if there are so many stable coins , in time , whether this model will survive will be known. Title: Re: Stable Coins Necessary? Post by: 2tang on November 09, 2018, 05:06:03 PM what's stable? circulation or price? if you mean the price it is very necessary to have it in large quantities especially if you are a trader because to my knowledge even though it is stable but the price increases and decreases are still insignificant and you can use the graph by buying and selling when going up though just up a few percent you better sell it then buy it again because the coins are stable usually the ride isn't too high
Title: Re: Stable Coins Necessary? Post by: jerry29@ on November 09, 2018, 05:27:08 PM Yes it will make time from the strategy to work in the market.and analysis everything.
Title: Re: Stable Coins Necessary? Post by: Argoo on November 09, 2018, 05:40:15 PM Currently seems every project or crypto company wanna create a stable coin now, except USDT, currently we have GUSD, TUSD, PAX. But do you think it's really necessary to have so many stable coins? Title: Re: Stable Coins Necessary? Post by: powerman24 on November 09, 2018, 06:07:11 PM Crypto is highly volatile and stable coins are important for mass adoption of cryptocurrencies as merchants are
not likely accepting cypto as payment solution if it is heavily fluctuating. Stable coins are backed with Fiat and this is how they remain stable. Title: Re: Stable Coins Necessary? Post by: yavorskiy616 on November 09, 2018, 06:21:55 PM Hi. I think that stable coins are not needed. I think that the stock exchange should be dollar and euro. Stable coins are dangerous, may burst at any time.
Title: Re: Stable Coins Necessary? Post by: xOdiumNostrumx on November 09, 2018, 06:27:20 PM There should be couple alternatives to tether in existence as we are all aware of the shadiness of the aforementioned one. But why not the more, the merrier and in the end the market will decide which ones will prevail in the long run and which ones will crumble back to obscurity.
Title: Re: Stable Coins Necessary? Post by: wizardcrypto on November 09, 2018, 06:34:11 PM stable coin is very necessary specially in trading of cryptocurrency pairs on cryptocurrency exchanges. if you have been an observant or trader since inception of cryptocurrency or just a biginner this year 2018 you will notice that when bitcoin is dumping for any sentimental reasons or technical reasons , you will see all most all the altcoin also dumping likewise which is not good for traders who might have acquire some sort of profit in their portfolio .what this stable coins does is to help you to liquidate your crypto asset fast when you predict that there is probability of whales dumping soon .
Title: Re: Stable Coins Necessary? Post by: icalical on November 09, 2018, 06:37:58 PM Seems like many people think stable coins are necessary, so I think I have an unpopular opinion here. I do not think that stable coins are necessary, well if you would like to invest in crypto, you should invest in real crypto, and if you still worries, rather buy a stable coin, just keep your money in fiat. The only utilities of stable coins is as a bridge to convert crypto to fiat, and there are already exchanges that offer direct convert from crypto to fiat without stable coins, so stable coins are not really necessary.
Title: Re: Stable Coins Necessary? Post by: ay.postnov on November 09, 2018, 07:08:02 PM A very good idea for investors who want just save money and don't worry about the fact that government will know about them
Title: Re: Stable Coins Necessary? Post by: Cocoincos on November 10, 2018, 05:24:16 PM very important to have stable or raising of main currencies as Bictoin or ETH, but not the bottom what we have now...everyone tired to wait some changes
Title: Re: Stable Coins Necessary? Post by: Gifolote on November 10, 2018, 05:27:09 PM I believe that there is no sense in stable coins. projects should develop and bring profit to investors rather than stabilize the price of the coin.
Title: Re: Stable Coins Necessary? Post by: jajorforce on November 10, 2018, 05:56:44 PM Currently seems every project or crypto company wanna create a stable coin now, except USDT, currently we have GUSD, TUSD, PAX. But do you think it's really necessary to have so many stable coins? although it is now just the beginning of industry 4.0. Money has no special application except for speculation for profit. Title: Re: Stable Coins Necessary? Post by: alexsoul on November 10, 2018, 06:04:48 PM I think because of the distrust of the USDT, many thought it was a great chance to issue their own stablecoin. Perhaps it's just a race ahead of the curve, which will win the project, which will be able to get to more exchanges and get a large market share.
Title: Re: Stable Coins Necessary? Post by: johnine on November 10, 2018, 06:20:47 PM There are stable coins out there just like the Tether, MarketDao and Havven, this coins was already in 1$ only and it was stable since it was launch, this is perfect because they handling the project carefully that no one can loss the profit.
Title: Re: Stable Coins Necessary? Post by: futurefuturecoins on November 11, 2018, 09:53:38 AM To be honest - stable coins are very necessary. Those coins whose prices do not react to the increase or decrease in the price of Bitcoin will be forever marked as coins that have made a great contribution to the history of the development of crypto space.
Title: Re: Stable Coins Necessary? Post by: mjsuar on November 11, 2018, 01:19:38 PM Week 5 (05/11-11/11)
Twitter Profile Link = https://twitter.com/MujizatSuar Tweet: 1.https://twitter.com/MujizatSuar/status/1059315655999074304 Retweet: 1.https://twitter.com/MujizatSuar/status/1059316851027533824 2.https://twitter.com/MujizatSuar/status/1059879474555047936 3.https://twitter.com/MujizatSuar/status/1060248308721930240 4.https://twitter.com/MujizatSuar/status/1060592099786076160 5.https://twitter.com/PetlifeICO/status/1060925760960110592 Week 5 (05/11-11/11) Facebook Profile Link = https://www.facebook.com/Mujizatsuar Post: 1.https://www.facebook.com/Mujizatsuar/posts/2002273030070451 Repost: 1.https://www.facebook.com/Mujizatsuar/posts/2002269766737444?__tn__=-R 2.https://web.facebook.com/Mujizatsuar/posts/2003108136653607?__tn__=-R 3.https://web.facebook.com/Mujizatsuar/posts/2003675616596859?__tn__=-R 4.https://web.facebook.com/Mujizatsuar/posts/2004156073215480?__tn__=-R 5.https://web.facebook.com/Mujizatsuar/posts/2004671403163947?__tn__=-R Title: Re: Stable Coins Necessary? Post by: CryptoGuro1 on November 11, 2018, 02:19:11 PM There is a huge requirement for stable coins. Most investors don't want a currency which is worth 1 dollar one moment and 50 cents the next. Currency cannot operate under such fluctuations
Title: Re: Stable Coins Necessary? Post by: leviathon on November 15, 2018, 05:51:52 PM Currently seems every project or crypto company wanna create a stable coin now, except USDT, currently we have GUSD, TUSD, PAX. But do you think it's really necessary to have so many stable coins? I do not see why they are necessary, it is not like you can actually make any money from investing in stable coins, they just stay where they are which kind of defeats the purpose of me becoming a crypto investor. I want to make money and it is with volatility that I can make that money and besides the stable coins are not really stable if their prices keep fluctuating` Title: Re: Stable Coins Necessary? Post by: biletskiy on November 16, 2018, 02:23:02 PM Currently seems every project or crypto company wanna create a stable coin now, except USDT, currently we have GUSD, TUSD, PAX. But do you think it's really necessary to have so many stable coins? Investing in coins that are in the top-10 is one of my main rules. I think that stability is a very important characteristic of doing business. That's pity but there are lack of stable coins on the market now. Title: Re: Stable Coins Necessary? Post by: JMD07 on November 16, 2018, 02:29:48 PM Currently seems every project or crypto company wanna create a stable coin now, except USDT, currently we have GUSD, TUSD, PAX. But do you think it's really necessary to have so many stable coins? Title: Re: Stable Coins Necessary? Post by: chenczane on November 16, 2018, 02:31:25 PM I don't think there are stable coins as of the moment. Majority of them are going down and only a few goes up. What I can only see is that bitcoin are the only one that has a stable price for a couple of months but it was also down now. We don't have anything but red labels on the market. Hopefully, the big investors will do something about it because they will also lose money if the price drop continues.
Title: Re: Stable Coins Necessary? Post by: Bitkoplak on November 16, 2018, 02:33:44 PM I hold not so much coin, I always see the volume in the exchange, if the volume is large every day, I hold it up
Title: Re: Stable Coins Necessary? Post by: lapyshka on November 16, 2018, 02:50:21 PM I like stable coins. They will help protect my investment during downward trends. But who saw a truly stable coin
Title: Re: Stable Coins Necessary? Post by: farlack on November 16, 2018, 04:00:38 PM I don't think there are stable coins as of the moment. Majority of them are going down and only a few goes up. What I can only see is that bitcoin are the only one that has a stable price for a couple of months but it was also down now. We don't have anything but red labels on the market. Hopefully, the big investors will do something about it because they will also lose money if the price drop continues. Everyone is waiting for large investors. Didn't you think they were already in the game with us? Look at any graph of the coins and their volume, impressive is not it?Title: Re: Stable Coins Necessary? Post by: profitgenerator212 on November 16, 2018, 04:03:59 PM I don't think there are stable coins as of the moment. Majority of them are going down and only a few goes up. What I can only see is that bitcoin are the only one that has a stable price for a couple of months but it was also down now. We don't have anything but red labels on the market. Hopefully, the big investors will do something about it because they will also lose money if the price drop continues. Stablecoin is always stable with market up or down, its price is difficult to change because its nature is a stable crypto, This is where we can all go if bitcoin and altcoin are fallingTitle: Re: Stable Coins Necessary? Post by: xuv500 on November 16, 2018, 04:17:46 PM Price manipulation is a big drawback of this crypto market, this is what it happened now I am sure it will recover very soon. There is lot of prediction on December 12 as the value will go higher. Lets hold the coins for a good cause.
Title: Re: Stable Coins Necessary? Post by: Gilliffyn on November 16, 2018, 04:35:46 PM Well, I think there should be competitors to the coin , so that if you don't like it you can go to another coin at usdt certainly has a competitor recently entered the market usdc
Title: Re: Stable Coins Necessary? Post by: Anna Borisovna on November 16, 2018, 04:43:32 PM I think that one stable coin is enough to take it as an equivalent to other coins
and most likely with time and in competition - will remain one, and the rest will disappear as unnecessary Title: Re: Stable Coins Necessary? Post by: jamesuk34 on February 26, 2019, 01:10:34 PM I think that one stable coin is enough to take it as an equivalent to other coins and most likely with time and in competition - will remain one, and the rest will disappear as unnecessary Completely agree with you. World needs one stablecoin per financial asset. Now everyone is focused on USD market - there are over 10 USD stablecoins or more, from which only a few can be trusted. In terms of other currencies, t for euro stablecoin market here is only one viable project - EURS from STASIS. Do you know any other euro stablecoins? What do you think about EURS? Title: Re: Stable Coins Necessary? Post by: tamango on February 26, 2019, 01:20:49 PM I think that all stablecoins are quite useless and not so safe as they declare.. no one is sure that these coins are really pegged to something with real deposits of $ in some banks.... I still prefer to buy $ when I need $....
Title: Re: Stable Coins Necessary? Post by: tuanytcc on February 26, 2019, 02:09:55 PM Currently seems every project or crypto company wanna create a stable coin now, except USDT, currently we have GUSD, TUSD, PAX. But do you think it's really necessary to have so many stable coins? Stable coin is very necessary for market and I think that should have more stable coins anymore to investors who have more choices and capitalization is allocated more evenly, but not only focus on only one coins like USDT Title: Re: Stable Coins Necessary? Post by: kidbounty on February 26, 2019, 02:24:19 PM now it seems no longer needed. there are already a lot of stable coins on the market today, if a coin seems too much it will only make the market less good.
for me it's better to have stable coins, only one or two. if too much is worried it will only make the coin unstable. Title: Re: Stable Coins Necessary? Post by: unbotak on February 26, 2019, 02:32:25 PM In my opinion, stable coins are indeed needed to maintain assets, but I don't think it's good if there are too many stable coins because they can weaken the market because transactions will decrease if many people keep their assets in stable coins.
I think just two stable coins are enough. Title: Re: Stable Coins Necessary? Post by: ramahero01 on February 26, 2019, 02:39:13 PM I think the stable coins that are there now are enough and in my opinion, there is no need for new stable coins. because the current stable coin is enough to secure investors' funds.
Title: Re: Stable Coins Necessary? Post by: george_hured on February 26, 2019, 02:44:06 PM I think this is wonderful and in some places it is just a magic tool for fixing trading operations and fluctuations in the market. You understand that in general it is just a lifeline. But what is the use of this for developers?
Title: Re: Stable Coins Necessary? Post by: Bosx1ne on February 26, 2019, 02:49:13 PM Currently seems every project or crypto company wanna create a stable coin now, except USDT, currently we have GUSD, TUSD, PAX. But do you think it's really necessary to have so many stable coins? Title: Re: Stable Coins Necessary? Post by: cuo on February 26, 2019, 03:03:59 PM I think this is good step for mass adoption, so many people who use fiat can feel safe if want to use stable coin, cause as long as I know, they are afraid of some coins whose movements are very crazy.
Title: Re: Stable Coins Necessary? Post by: beehimneff on February 26, 2019, 03:45:00 PM I don't think that's necessary. Creating such a large number of stable coins is the usual desire of the creators to make money on this, everything is quite simple and banal.
Title: Re: Stable Coins Necessary? Post by: xuv500 on February 26, 2019, 03:57:44 PM I think this is good step for mass adoption, so many people who use fiat can feel safe if want to use stable coin, cause as long as I know, they are afraid of some coins whose movements are very crazy. It don't think this will be a right way for the crypto community to follow the this. there is no use for a stable coin I guess even the top coins are in stable zone now. Title: Re: Stable Coins Necessary? Post by: biznes35 on February 26, 2019, 05:43:40 PM Why would that be a bad thing? After all, it would be much worse if the entire market was monopolized. Well that there are very stable and promising coins such as PERA and SUQA.
Title: Re: Stable Coins Necessary? Post by: defoman on February 27, 2019, 12:34:14 PM I believe that this is not necessary, but most companies have a huge customer base and the introduction of their own stable coin will definitely be in demand and will provide various bonuses. In addition, there is a possibility that the coin will want to use and third-party users.
Title: Re: Stable Coins Necessary? Post by: criket on February 27, 2019, 12:38:09 PM I believe that this is not necessary, but most companies have a huge customer base and the introduction of their own stable coin will definitely be in demand and will provide various bonuses. In addition, there is a possibility that the coin will want to use and third-party users. it is a possibility, or maybe it is the plan you want to do. in fact making the market community interested in a project is not easy. the development of the platform to be minimized by the market must certainly provide benefits to the market. when it has been reached, all the possibilities can be achieved.Title: Re: Stable Coins Necessary? Post by: Stavvay on February 27, 2019, 12:39:13 PM Reddit Alexis Ohanian Talks about Crypto Builders like PumaPay
https://pumapay.io/#/news/reddit-alexis-ohanian-talks-about-crypto-builders-like-pumapay Title: Re: Stable Coins Necessary? Post by: panganib999 on February 27, 2019, 01:37:36 PM I don't think stable coins is a good idea at all since we already have fiat currencies why do we need to switch over stable cryptocurrency that will going to cost a fee when converted from fiat to cryptocurrency. This is only applicable for private companies with points system, they can create their own, but creating it for the market? its no use at all.
Title: Re: Stable Coins Necessary? Post by: Alisha FR on February 27, 2019, 02:02:53 PM I think a stable token will increase crypto use, because the developers want their tokens to survive, the solution to surviving is that there must be price stability, but don't forget the cryptocurrency system will create fluctuating dynamics in prices, and certainly, cryptocurrency cannot be easily predicted.
Title: Re: Stable Coins Necessary? Post by: electronicash on February 27, 2019, 02:12:06 PM I think a stable token will increase crypto use, because the developers want their tokens to survive, the solution to surviving is that there must be price stability, but don't forget the cryptocurrency system will create fluctuating dynamics in prices, and certainly, cryptocurrency cannot be easily predicted. price of stable coin doesn't fluctuate but stays the same. if there are lots of entity like JPMorgan create stable coin, its likely they are up to scam by buying more BTC and dump them all to their stable coin and buy again over and over. they have to own such stable coin to control the market, i doubt the exchange that will list this stable coin but i would assume JPMorgan has their own puppet exchange. Title: Re: Stable Coins Necessary? Post by: Chinsmokers on February 27, 2019, 02:21:32 PM The market's volatility is very advantageous for us so that we can earn more but at the same time if not careful we can loss everything. But we need some stable coins so that we can have a base like foundation to follow.
Title: Re: Stable Coins Necessary? Post by: clipman77 on February 27, 2019, 02:37:07 PM I think that stable coins are needed, but not in such quantities as now, there are already more than ten varieties, not all of them will be able to stay in this market and I think that in time we will have many of them to collapse.
Title: Re: Stable Coins Necessary? Post by: dearbesz1219 on February 27, 2019, 02:37:38 PM There are more and more new stable coins and more and more new ideas how to back the value. For example voins backed by diamonds, by digital assets and so on.
Title: Re: Stable Coins Necessary? Post by: SvonioneFromMangoCoinz on February 27, 2019, 03:10:52 PM Currently seems every project or crypto company wanna create a stable coin now, except USDT, currently we have GUSD, TUSD, PAX. But do you think it's really necessary to have so many stable coins? The more coins issued, the USDT will need to affirm its credibility. Competition always makes the market more attractive and perfect. ;) Title: Re: Stable Coins Necessary? Post by: Fluxtorrence9 on February 27, 2019, 03:25:31 PM In crypto space stable coins play a bigger role ,from trading to buying coins and tokens , with stable coins you can take advantage of market price especially when buying the dips ,for example if you buy stable coins of 100$ at 1$ per one and hodl you can buy once costly coins or tokens when market falls in price ,it will result into more profits and quantity of the coins/tokens,thanks to stable coins which makes fiat useless in crypto space
Title: Re: Stable Coins Necessary? Post by: barnesibrahim143 on February 27, 2019, 03:47:21 PM I think that all stablecoins are quite useless and not so safe as they declare.. no one is sure that these coins are really pegged to something with real deposits of $ in some banks.... I still prefer to buy $ when I need $.... STASIS makes the investor sure that each EURS (euro pegged stablecoin) is backed by one fiat euro. You can check it here: https://stasis.net/transparency/. They also promise a full audit in the upcoming month :) Title: Re: Stable Coins Necessary? Post by: bangdol on February 27, 2019, 03:59:44 PM There are more and more new stable coins and more and more new ideas how to back the value. For example voins backed by diamonds, by digital assets and so on. now there have been many assets like that. everything must be done by the developer if they want their coins to stay in the market with the increasing number of communities and the use value of coins.Title: Re: Stable Coins Necessary? Post by: romero121 on February 27, 2019, 04:05:40 PM Stable coins play a big role in the trading platform. Majority of the altcoins listed to the exchanges will be having a trading pair with any of the stable coin. This is to keep the market capital strong along with maintaining a stable portfolio unlike the market fluctuation. When there is bear trend changing to a stable coin will not let the value fall low.
Title: Re: Stable Coins Necessary? Post by: Froy on February 27, 2019, 04:11:42 PM Only with the help of truly stable coins can there be a chance to gain the trust of ordinary people who want reliability, therefore the answer is obvious, such coins are needed and as much as possible
Title: Re: Stable Coins Necessary? Post by: Svarora on February 27, 2019, 04:34:37 PM Stable coin is the need of hour. Crypto market can attract investor now only by providing stability. The onus is on crypto manager to proove the utility of crypto industry to the international govt and to common people also. They should promote self financed funds and allow investor to come at later sragen only when coin showing stability and that too at optimum price
Title: Re: Stable Coins Necessary? Post by: raven7886 on February 27, 2019, 04:44:25 PM But do you think it's really necessary to have so many stable coins? It is a free and open-source based world hence you cannot blame to have many or repeated things. It happens and we alone need to be careful on choosing the right one and securing ourselves. I am not having any problem to have so many stablecoins and they are all more useful for traders to move fiat value across exchanges. There are one or few real world application then obviously such coins will come in more numbers and their future and survival are subject to its utility and promotions.Title: Re: Stable Coins Necessary? Post by: jack107 on February 28, 2019, 04:49:08 AM I think the competition of cryptocurrencies is really good but I don't know if we need all of these stablecoins. Have you ever looked into Ampleforth? Their elastic supply protocol promises a stable unit of account so they aren't technically a stable coin. It looks like they have a pretty badass team too
Title: Re: Stable Coins Necessary? Post by: harrypotpot on February 28, 2019, 04:55:03 AM Currently seems every project or crypto company wanna create a stable coin now, except USDT, currently we have GUSD, TUSD, PAX. But do you think it's really necessary to have so many stable coins? Yes really! they area actually my savior in times of market falling. When the market falls basically I just trade it on stable coins which I find good in order to cut loses in the market. then sell and buy again btc for profits. Title: Re: Stable Coins Necessary? Post by: PlusOne88 on February 28, 2019, 05:09:48 AM Today as I could read most of the post, I think everybody have their eyes set on cryptocurrency. Though the market is a bit low but there are indications of a possible sudden increase given the recent inventions or plans of big companies who wanted to set their own digital coins. If this speculations could become true those who have bought coins while it was very low in price will earn a lot in the future. I think everybody who is into this business wanted to make their own cryptocurrency as stable as it gets to make it a better storage for money and most of all a preparation for the idea as I have said could be their main concern as of now.
Title: Re: Stable Coins Necessary? Post by: itasannah on February 28, 2019, 08:05:39 AM The market is stable, I think it will be difficult. We can see that there are many types of coins and they must work hard to increase price growth. Now the competition between coins is getting tougher and many coins are zero. They lose investors because the developer is no longer active.
Title: Re: Stable Coins Necessary? Post by: louisBSAS on February 28, 2019, 10:47:33 PM We saw how stable these coins were when USDT was dropped in price at the end of 2018. A stable coin is a dollar. If you want to change cripto coins for something stable, then it is better to exchange them for dollars.
Title: Re: Stable Coins Necessary? Post by: chanc3r on February 28, 2019, 11:17:24 PM Currently seems every project or crypto company wanna create a stable coin now, except USDT, currently we have GUSD, TUSD, PAX. But do you think it's really necessary to have so many stable coins? Yes really! they area actually my savior in times of market falling. When the market falls basically I just trade it on stable coins which I find good in order to cut loses in the market. then sell and buy again btc for profits. Title: Re: Stable Coins Necessary? Post by: Emilyp on February 28, 2019, 11:19:59 PM Sincerely, I'm yet to understand the need for stable coins. I prefer to liquidate my assets in fiat if and when I want to, and to me it's far better that way than exchanging coins for stable coin.
Title: Re: Stable Coins Necessary? Post by: concitta on February 28, 2019, 11:26:32 PM Stable coins will benefit the exchanges. If an exchange has a well respected stable coin, then that exchange is likely to draw more customers, and in turn generate more income from trading fees. The profit doesn’t come from the stable coin itself but from generating greater transaction volume and trading fees. and stable coins in my opinion are very influential because if the coin is stable then the coin can move well to produce and coin not benefit from unstable coins.most people choose stable coins to trade, invest, or survive on their own, because they are clearly stable and have good potential. Title: Re: Stable Coins Necessary? Post by: Lumberjack1935 on February 28, 2019, 11:28:03 PM In my opinion it's the same thing that you are buying fiat or participating in Forex! This stability is misleading because at the cost of this fixed price an inflation and printing of these papers at all time! Tether is basically endless and other stablecoin too! If you are not a trader, it does not make sense to buy or have deals with it.
Title: Re: Stable Coins Necessary? Post by: Wipangga on February 28, 2019, 11:32:34 PM I think with a lot of stable coins for me, it can also help many investors to get better profits, because stable coins are also a profitable investment in the short and long term.
Title: Re: Stable Coins Necessary? Post by: CryptoKush on February 28, 2019, 11:58:00 PM In my opinion it's the same thing that you are buying fiat or participating in Forex! This stability is misleading because at the cost of this fixed price an inflation and printing of these papers at all time! Tether is basically endless and other stablecoin too! If you are not a trader, it does not make sense to buy or have deals with it. I do not agree with you. I think that stablecoins are well suited for profit taking and are very important for traders. It is important that steamers pass the audit and are really provided with dollars in a bank account.Title: Re: Stable Coins Necessary? Post by: Jordens on March 01, 2019, 07:29:37 AM Currently seems every project or crypto company wanna create a stable coin now, except USDT, currently we have GUSD, TUSD, PAX. But do you think it's really necessary to have so many stable coins? Yes really! they area actually my savior in times of market falling. When the market falls basically I just trade it on stable coins which I find good in order to cut loses in the market. then sell and buy again btc for profits. Title: Re: Stable Coins Necessary? Post by: STASISNET on March 01, 2019, 11:29:07 AM In my opinion it's the same thing that you are buying fiat or participating in Forex! This stability is misleading because at the cost of this fixed price an inflation and printing of these papers at all time! Tether is basically endless and other stablecoin too! If you are not a trader, it does not make sense to buy or have deals with it. I do not agree with you. I think that stablecoins are well suited for profit taking and are very important for traders. It is important that steamers pass the audit and are really provided with dollars in a bank account.Or euro for EURS. That's why we at STASIS focus on transparency by providing 4 streams of reserves verification: https://stasis.net/transparency/ Title: Re: Stable Coins Necessary? Post by: singlecrytpo on March 01, 2019, 11:11:37 PM I think we need a solid stable unit of account but we haven't been able to find that by pegging it to fiat or crypto. I would maybe look into Ampleforth because of their elastic supply policy which helps with inflation and deflation.
Title: Re: Stable Coins Necessary? Post by: LbtalkL on March 01, 2019, 11:21:07 PM Yes of course but for me there are so much stablecoins that exist looks like there are just making money. But as long as it is back by something why not. If banks will use a stablecoin as utility token it is really good you dont have to worry of downfall thats why some traders convert their profit on Stablecoins and preserve its value.
Title: Re: Stable Coins Necessary? Post by: Moiyah on March 02, 2019, 02:56:04 AM Currently seems every project or crypto company wanna create a stable coin now, except USDT, currently we have GUSD, TUSD, PAX. But do you think it's really necessary to have so many stable coins? I used TUSD whenever the market is really unpredictable. It works and help my fund at least be safe for a while. It is really necessary especially when you are aware that the market will eventually fall and you have to save your coins. I must say that it is very useful for a trader like me who wish to stay calm when their price fall. Title: Re: Stable Coins Necessary? Post by: TelolettOm on March 02, 2019, 03:08:12 AM Currently seems every project or crypto company wanna create a stable coin now, except USDT, currently we have GUSD, TUSD, PAX. But do you think it's really necessary to have so many stable coins? I used TUSD whenever the market is really unpredictable. It works and help my fund at least be safe for a while. It is really necessary especially when you are aware that the market will eventually fall and you have to save your coins. I must say that it is very useful for a trader like me who wish to stay calm when their price fall. Title: Re: Stable Coins Necessary? Post by: X-ray on March 02, 2019, 04:38:05 AM Currently seems every project or crypto company wanna create a stable coin now, except USDT, currently we have GUSD, TUSD, PAX. But do you think it's really necessary to have so many stable coins? I used TUSD whenever the market is really unpredictable. It works and help my fund at least be safe for a while. It is really necessary especially when you are aware that the market will eventually fall and you have to save your coins. I must say that it is very useful for a trader like me who wish to stay calm when their price fall. Title: Re: Stable Coins Necessary? Post by: Maslate on March 02, 2019, 04:43:11 AM He was talking about do we need many kinds of altcoin in these days. So many small or even big companies just like JPmorgan are interested to create their own altcoin. This will be a problem in the future and he was asking about the potential of the problem caused by this. The adoption is not that big so we should get ready for a possible adoption, having a lot of coins will make crypto grow as that will bring good competition in the market. Whether it's a stable coin or not, as long as it has real usage, it's still beneficial for us and will help the adoption stage. Title: Re: Stable Coins Necessary? Post by: Dobby070 on March 02, 2019, 04:52:32 AM Currently seems every project or crypto company wanna create a stable coin now, except USDT, currently we have GUSD, TUSD, PAX. But do you think it's really necessary to have so many stable coins? It is not just necessary for traders who avoid loses but also a good coin that will support business and investment I guess? Stable coins are very beneficial in times of crisis so, they better be in the market. Title: Re: Stable Coins Necessary? Post by: senin on March 02, 2019, 05:10:18 AM Currently seems every project or crypto company wanna create a stable coin now, except USDT, currently we have GUSD, TUSD, PAX. But do you think it's really necessary to have so many stable coins? Title: Re: Stable Coins Necessary? Post by: Froy on March 02, 2019, 05:13:26 AM Currently seems every project or crypto company wanna create a stable coin now, except USDT, currently we have GUSD, TUSD, PAX. But do you think it's really necessary to have so many stable coins? I used TUSD whenever the market is really unpredictable. It works and help my fund at least be safe for a while. It is really necessary especially when you are aware that the market will eventually fall and you have to save your coins. I must say that it is very useful for a trader like me who wish to stay calm when their price fall. Title: Re: Stable Coins Necessary? Post by: zikzag on March 02, 2019, 06:23:41 AM It is necessary to distinguish between stable cryptocurrency and tokens in which you can invest and wait for growth. Would be a cryptocurrency like money (payment system). And what would be a cryptocurrency as a stock (for investment).
Title: Re: Stable Coins Necessary? Post by: guffie on March 02, 2019, 07:01:52 AM A stable coin will make many people interested in investing. But in my opinion, it would be difficult if the price of coins could be stable. Many people trade every day so the coin has to move. With rising and falling prices can generate profits for short-term trading.
Title: Re: Stable Coins Necessary? Post by: burky155 on March 02, 2019, 09:43:57 AM I believe that the stable coins should be in the cryptocurrency market. Because when you exchange your coins, sometimes you don't want to exchange to the Euro or US Dollar and you want to hold it in the exchanges. At that time you need to use the stable coins. That's why i am support them.
Title: Re: Stable Coins Necessary? Post by: jhon15 on March 02, 2019, 11:23:17 AM I believe that the stable coins should be in the cryptocurrency market. Because when you exchange your coins, sometimes you don't want to exchange to the Euro or US Dollar and you want to hold it in the exchanges. At that time you need to use the stable coins. That's why i am support them. yes stable coins are needed, besides stable coins are also better because the value will be stable and not like other coins which when the price drops he will go down a lot.stable coins are the choice of many people, they chose it because they believed stable coins could be available for various things so that they would be profitable and they chose because of various things, one of which could provide great benefits. Title: Re: Stable Coins Necessary? Post by: cvan on March 07, 2019, 12:31:44 AM I definitely think there are some that are necessary to stick around more so than others. The non-collateralized coin Ampleforth always seems to get lumped into the stablecoin category but in reality they are trying to be seen and regarded as an independent money. Something that obtains all goals of what money should be. I think that is what is truly necessary.
Title: Re: Stable Coins Necessary? Post by: PuertoLibre on March 07, 2019, 12:41:12 AM I believe that the stable coins should be in the cryptocurrency market. Because when you exchange your coins, sometimes you don't want to exchange to the Euro or US Dollar and you want to hold it in the exchanges. At that time you need to use the stable coins. That's why i am support them. I prefer to convert my crypto to EURO or USD rather than believing to stable crypto myth. Experienced traders always prefer stable prices but current stable coins are not backed up by valuable assets. It is trivial to use these coins for converting the profits. There are better alternatives and bitcoin's stabilization will solve these mentioned problems. Title: Re: Stable Coins Necessary? Post by: dnprock on March 07, 2019, 01:43:02 AM I'm working on a bitcoin-based stable coin. Our approach is to use inflation to create stable price. I think the price would fluctuates even with inflation. But overtime, it'll be stable.
https://github.com/bitflate/bitflate We're looking for contributors (dev, marketer). Title: Re: Stable Coins Necessary? Post by: Argoo on March 10, 2019, 07:38:23 AM Currently seems every project or crypto company wanna create a stable coin now, except USDT, currently we have GUSD, TUSD, PAX. But do you think it's really necessary to have so many stable coins? Title: Re: Stable Coins Necessary? Post by: SistaFista on March 10, 2019, 02:26:53 PM Currently seems every project or crypto company wanna create a stable coin now, except USDT, currently we have GUSD, TUSD, PAX. But do you think it's really necessary to have so many stable coins? I think stable coins is necessary to be created, but there is no need to create too many stable coins. If we can using just one stable coin in cryptocurrency and it fully functioning, then it will be enough. What im afraid is, there will be some scam coin claiming it is a stable coin, that is the worst. Title: Re: Stable Coins Necessary? Post by: tranthiky on March 10, 2019, 03:44:07 PM Yes, it is necessary . because bitcoin is always valued in USD, we should have one or more stablecoins to ensure this exchange. A stablecoin will make it easier for traders to trade bitcoin or other cryptocurrency in the market
Title: Re: Stable Coins Necessary? Post by: jpnl0005 on March 10, 2019, 03:46:04 PM it is very necessary for there to be stable coins in crypto as most times most people want to consider the use of stable coins to leverge on their investments as to keep a fixed balance in their wallets as it is different from when one wants to consider trading and making benefits .
Title: Re: Stable Coins Necessary? Post by: elzjmirra on March 10, 2019, 03:52:21 PM I trade every day and always expect a change in market prices. The expected change of course increases and decreases. But the price reduction is not too far away because I use this to buy coins. A stable market I think will be very difficult.
Title: Re: Stable Coins Necessary? Post by: integrity42 on March 10, 2019, 04:51:48 PM If stable coins appear in the cryptocurrency, the cryptocurrency may develop further as a means of payment around the world
Title: Re: Stable Coins Necessary? Post by: Thomas-s on March 10, 2019, 04:54:45 PM If stable coins appear in the cryptocurrency, the cryptocurrency may develop further as a means of payment around the world stable currencies are all fiction of the same people who invented the dollar and the euro, and so on. People who use stable currencies are not real crypto enthusiastsTitle: Re: Stable Coins Necessary? Post by: trash321 on March 10, 2019, 05:00:00 PM This definitely makes sense, but here, as always, there are two sides that we know are in different cases. Now there are a lot of similar stable projects, which today are still there. I think that now we don’t need them.
Title: Re: Stable Coins Necessary? Post by: MRlong on March 10, 2019, 05:05:28 PM Currently seems every project or crypto company wanna create a stable coin now, except USDT, currently we have GUSD, TUSD, PAX. But do you think it's really necessary to have so many stable coins? I think this market now have so many stable coins, it is not necessary for the development. USDT is enough for investors and this market to grow. The stable coins will help investors avoid losing money when the price was going to the bottom. Title: Re: Stable Coins Necessary? Post by: macstrong12 on March 10, 2019, 05:14:04 PM Yes they are , if there isn't any stable coin people wouldn't be interested so much to trade in the market , traders need a stable coin to shield themselves against market volatility, I used to work with USDT but i guess TUSD is better?! ???
Title: Re: Stable Coins Necessary? Post by: bvg96634 on March 10, 2019, 07:16:45 PM Need more stable coins, then the market will be more stable.
Title: Re: Stable Coins Necessary? Post by: belli4388 on March 10, 2019, 08:25:35 PM i think the stable coins are necessary given the too variable value of the market, they are an additional possibility of exit from trading Title: Re: Stable Coins Necessary? Post by: daarul50 on March 10, 2019, 08:50:25 PM Why do we collect coins that are stable in price, storing these coins will not give us an advantage. While our goal in the crypto market is to benefit from the buying and selling process
Title: Re: Stable Coins Necessary? Post by: mrdeposit on March 10, 2019, 09:38:07 PM If stable coins appear in the cryptocurrency, the cryptocurrency may develop further as a means of payment around the world stable currencies are all fiction of the same people who invented the dollar and the euro, and so on. People who use stable currencies are not real crypto enthusiastsTitle: Re: Stable Coins Necessary? Post by: terra_vival on March 10, 2019, 09:50:51 PM Currently seems every project or crypto company wanna create a stable coin now, except USDT, currently we have GUSD, TUSD, PAX. But do you think it's really necessary to have so many stable coins? The presence of a stable coin is necessary in the cryptocurrency market. Recently, many projects put forward their ideas to create a stable coin, and these ideas are becoming popular. I think that a large number of stable coins will not need a crypto-currency market, there will be a small number of stable coins that will gain popularity and earn a good reputation, having withstood the qualifying competition in the crypto-currency market . Title: Re: Stable Coins Necessary? Post by: Sinone on March 10, 2019, 10:07:40 PM Another stable coin has come already and that is USDC. I don't think we need many stable coins to avoid the crypto downward trend! I feel USDT, TUSD are enough. Many new tokens also came as a stable token like Eurotoken! I don't know what is their intention but by seeing every stable coin's volume and price, sometimes I feel worried!
Title: Re: Stable Coins Necessary? Post by: dance2009 on March 10, 2019, 10:10:05 PM personally, I do not understand stable coins, I do not know how to trade them, and do not understand their huge number and variety
Title: Re: Stable Coins Necessary? Post by: artdisrupt on March 10, 2019, 10:14:16 PM I don't really think we need a stable coin in the crypto industry. Stable coins is one of the reason why whales control and manipulate price. Looking at more standard way of trading such as the global foreign exchange platforms there is nothing like stable coin.this is just my humble opinion.
Title: Re: Stable Coins Necessary? Post by: pearcy jackson on March 10, 2019, 10:17:12 PM There must be a stable coin, because if we have lots of assets, even a 1% price reduction you can lose a lot of money. the more stable coins I think the better. if a coin is not stable it will only make a lot of people guess what will happen. because Crypto's goal is to make it easier for humans, not to confuse humans.
Title: Re: Stable Coins Necessary? Post by: Skroojee on March 10, 2019, 10:18:03 PM Each coin has its own buyer, but I think that so many coins are not really needed, but nevertheless there are still buyers.
Title: Re: Stable Coins Necessary? Post by: Dacosta Osei-Tutu on March 10, 2019, 10:53:21 PM I think it is very important to have stable coins at least to help cut down loses when price is going down but too many of them is not necessary since they all perform similar functions.
Title: Re: Stable Coins Necessary? Post by: Dessy88 on March 10, 2019, 11:00:09 PM Yes it's necessary and it will helpful to those who are trading. desperately need it in conditions and situations that, as now, investors' beliefs and patience are the most important capital in investment with crypto currencies and we must be smart in seeing every opportunity that will be obtained in their investmentTitle: Re: Stable Coins Necessary? Post by: ije07 on March 10, 2019, 11:08:13 PM I think it is not necessary because if we only invest in stable coins, the profits that we might get will be small, so if we want to get profits then we must dare to invest in coins that have fluctuating characteristics, otherwise we cannot take advantage because the price chart does not have a significant change
Title: Re: Stable Coins Necessary? Post by: Psynthax on March 10, 2019, 11:15:36 PM If stable coins appear in the cryptocurrency, the cryptocurrency may develop further as a means of payment around the world stable currencies are all fiction of the same people who invented the dollar and the euro, and so on. People who use stable currencies are not real crypto enthusiastsTitle: Re: Stable Coins Necessary? Post by: Huntler1993 on March 10, 2019, 11:32:33 PM For sure investors are now tired pf losing monies every single day so now the look ou tfor more stable coins to invest in. So more stable project will get more investors that is why more stable coins are popping up.
Title: Re: Stable Coins Necessary? Post by: gidaahmad on March 10, 2019, 11:39:04 PM As a trader, I feel that stable coins are needed. Apart from the ups and downs of market conditions, stable coin can be an option for me to secure my money at a stable value. Like we use FIAT.
Title: Re: Stable Coins Necessary? Post by: Fuhre on March 13, 2019, 08:28:06 AM Stable coins are everyone's choice, because stable is defined if the price will go up or down, it can be predicted well. calculations, analysis and predictions can be applied because they are stable. this makes it easy for investors / traders. the more coins are stable the more choices. I think it's good to indicate Crypto has a stable trust too
Title: Re: Stable Coins Necessary? Post by: mrdeposit on March 13, 2019, 08:31:43 AM Stable coins are everyone's choice, because stable is defined if the price will go up or down, it can be predicted well. calculations, analysis and predictions can be applied because they are stable. this makes it easy for investors / traders. the more coins are stable the more choices. I think it's good to indicate Crypto has a stable trust too Stable coins are used for liquidating the trading earnings and if there is a rumor about downtrend then selling cryptos and transferring to stable coins are necessary.Title: Re: Stable Coins Necessary? Post by: alberdina on March 13, 2019, 08:39:38 AM The market is now stable, only the price is still low. But every coin has increased trading volume. Now trading daily I think is more profitable. In the last few days, I benefited from several coins that were able to go up and down.
Title: Re: Stable Coins Necessary? Post by: torrantz on March 13, 2019, 09:14:59 AM Stable coins are everyone's choice, because stable is defined if the price will go up or down, it can be predicted well. calculations, analysis and predictions can be applied because they are stable. this makes it easy for investors / traders. the more coins are stable the more choices. I think it's good to indicate Crypto has a stable trust too Stable coins are used for liquidating the trading earnings and if there is a rumor about downtrend then selling cryptos and transferring to stable coins are necessary.Title: Re: Stable Coins Necessary? Post by: matricaria on March 13, 2019, 09:29:27 AM Yes, it seems to me that stable coins perform a very important function in the cryptocurrency market. Especially at a time when the entire cryptocurrency market is going down.
Title: Re: Stable Coins Necessary? Post by: aokiji06 on March 13, 2019, 09:31:16 AM everyone would want to be profitable, so coins are stable with the price increase being very necessary, not stable prices that don't rise.
if the coin price can be stable with price increases, then the coin electability will increase so that coin users will definitely increase because there is no fear of loss, but clearly the benefits gained Title: Re: Stable Coins Necessary? Post by: tamango on March 13, 2019, 09:49:45 AM I don't believe in actual stablecoins even if I think that they can really be useful to eliminate the need to change to fiat to protect your investment, but none of actual ones are certified by a trusted third part so we can't really know if they are really pegged to something because we can't check if money is real in a bank as a guarantee.
Title: Re: Stable Coins Necessary? Post by: sempak on March 13, 2019, 09:52:49 AM The market is now stable, only the price is still low. But every coin has increased trading volume. Now trading daily I think is more profitable. In the last few days, I benefited from several coins that were able to go up and down. this kind of thing is indeed advantageous, for a stable coin there is a usd replacement which is in the form of token or coin conversion, with the increase or decrease we can benefitTitle: Re: Stable Coins Necessary? Post by: manishanand on March 13, 2019, 09:59:38 AM I think it is necessary as it helps to quickly cash out in fiat money while doing trading. Just think it as a tool in trading and nothing more.
Title: Re: Stable Coins Necessary? Post by: Moore234 on March 13, 2019, 10:00:18 AM The predictions about stable coin is not a reality, sometimes the coins are doing well, and market isn't stable. It's vice versa and recently I can say some coins are kinda stable within 48hrs , maintaining a stable price .. but right now, we can be sure if there's a stable coin for now. But the market is good.
Title: Re: Stable Coins Necessary? Post by: joshy23 on March 13, 2019, 10:20:30 AM I think it is necessary as it helps to quickly cash out in fiat money while doing trading. Just think it as a tool in trading and nothing more. That's the easiest thing to think so you won't be bothered to think a lot about this coin, just use it for its sole purpose take the advantage each timeyou've got the opportunities, it's all about how you manage to deal with certain project according to its usage, most of the time stable coins is for trading purposes finding a good pair and use it as a tool. Title: Re: Stable Coins Necessary? Post by: tenakha on March 13, 2019, 10:44:08 AM I think it is necessary as it helps to quickly cash out in fiat money while doing trading. Just think it as a tool in trading and nothing more. If you do not think they are scam like me, stable coins are the best choice to keep your money stable. But, in my opinion, this is not appropirate for the nature of crypto and is only useful for trading. Also, it will not help us in the future. They were fixed to today's money, and an unnecessary entity that could only be useful as long as fiat is used.Title: Re: Stable Coins Necessary? Post by: Koobtcgal on March 13, 2019, 11:50:21 AM I think stable coins are necessary to maintain our economy. In crypto, in times of a continues downward trend, we need a stable coin to exchange all our coins into so that we do not feel the losses. Imagine if I exchange my 1 BTC which was worth $19K to usdt, I can get 4BTC now if I want BTC but if I held BTC till now, my 19K will be worth only 3.8K today. So stable coins are good.
Title: Re: Stable Coins Necessary? Post by: Ranly123 on March 13, 2019, 11:59:27 AM Currently seems every project or crypto company wanna create a stable coin now, except USDT, currently we have GUSD, TUSD, PAX. But do you think it's really necessary to have so many stable coins? Depends on the understanding of the person that will be going to invest on those stable coins. But for me, it would not be necessary since we already have Fiat and what we need is a reliable coin that would bring profit to our pockets. Title: Re: Stable Coins Necessary? Post by: JohnMacZeppelin on March 13, 2019, 03:37:57 PM The question is really interesting, because in some, or rather, in most cases, such projects could really save our deposit with you. But you understand that now there are a lot of such projects and such projects can really only contribute to scam projects.
Title: Re: Stable Coins Necessary? Post by: sujonali1819 on March 13, 2019, 03:52:09 PM Currently seems every project or crypto company wanna create a stable coin now, except USDT, currently we have GUSD, TUSD, PAX. But do you think it's really necessary to have so many stable coins? Title: Re: Stable Coins Necessary? Post by: mamahdedeh on March 13, 2019, 03:58:18 PM Currently seems every project or crypto company wanna create a stable coin now, except USDT, currently we have GUSD, TUSD, PAX. But do you think it's really necessary to have so many stable coins? Indeed we need a lot of stable coins. This stable coin is very useful because if the coin price is stable then the crypto currency market will also be stable. Stable coins will also bring long-lasting public trust. If the coin is very volatile then it can damage people's trust. If people's trust has been greatly reduced, it is very difficult to rise again. Therefore, maintaining the stability of the coin and the stability of public trust are challenging. Title: Re: Stable Coins Necessary? Post by: Ucy on March 15, 2019, 02:50:33 PM Stablecoins are more like a safety net for those who need them. A regular trader in a volatile market would find it useful.
If you are a cryptocurrency trader you would understand why it's so neccesary Title: Re: Stable Coins Necessary? Post by: sinta23 on March 15, 2019, 02:54:15 PM Stable coins are everyone's choice, because stable is defined if the price will go up or down, it can be predicted well. calculations, analysis and predictions can be applied because they are stable. this makes it easy for investors / traders. the more coins are stable the more choices. I think it's good to indicate Crypto has a stable trust too Stable coins are used for liquidating the trading earnings and if there is a rumor about downtrend then selling cryptos and transferring to stable coins are necessary.Title: Re: Stable Coins Necessary? Post by: dimonarka on March 15, 2019, 03:04:03 PM It is necessary for the project itself to create a stir to raise the price of the token. In general, as for me, volatility is normal for any cryptocurrency without exception
Title: Re: Stable Coins Necessary? Post by: criket on March 15, 2019, 04:05:56 PM It is necessary for the project itself to create a stir to raise the price of the token. In general, as for me, volatility is normal for any cryptocurrency without exception Yes everything is indeed normal for cryptocurrency. but to achieve the increase and decrease that occurs suddenly everything needs a cause. While the market now looks more stable look depends on your not too much price movement.Title: Re: Stable Coins Necessary? Post by: Beccaman on March 15, 2019, 04:47:54 PM I'm fine with this market and coin situation. People make money on volatility and if you need a stable coin, you can use usdt
Title: Re: Stable Coins Necessary? Post by: hell_slayer on March 15, 2019, 05:08:04 PM I think that the main reason why the market requires stablecoins, is the refusal of banks and traditional regulators to recognize cryptocurrency and legalize operations with them. Buy / sell cryptocurrency for fiat money is now quite problematic, because these operations in many countries are taxed, and often regulatory authorities may require documents confirming the origin of your money. In order to solve these problems, stablecoins were created. If dollars are just as easy to buy and sell on a crypto exchange without any taxes and certificates as it can be done with usdt, tusd and others, then stablecoins will very quickly lose their popularity and leave the market .
Title: Re: Stable Coins Necessary? Post by: makerst on March 15, 2019, 05:15:19 PM From the point of view of asset preservation, they are not just necessary, without them it is simply impossible to save your savings if you do not have stable tokens that can be provided by the US dollar, but I think that everything is not as simple as it seems.
Title: Re: Stable Coins Necessary? Post by: enhu on March 15, 2019, 05:17:27 PM It would be harder to trade without stable coins like USDT. Stable coin is a good tool for traders to make money. When the bear market started, a lot of the people moving their coins to stable coin to keep the value of their money before buying a coin again.
Its not going to be a questions whether its necessary, you can trader without it but then stablecoin is a good tool which is why JPM created one of their own stable coin. Title: Re: Stable Coins Necessary? Post by: Petchant on March 15, 2019, 06:01:44 PM Stable coins are essential if any project want to go to mainstream. I think it will be good if any project with mass adoption interest create a dual-coin platform with the stable coin acting as hedge coin to edge against the instability of the second coin
Title: Re: Stable Coins Necessary? Post by: TrevorS on March 15, 2019, 06:07:36 PM Unfortunately, in a cryptocurrency, any project may unexpectedly end its existence. Obviously, we need several really strong stable Coin to have at least some stable base on the market.
Title: Re: Stable Coins Necessary? Post by: jumiapaul on March 15, 2019, 06:23:38 PM One of the greatest challenges of cryptocurrency is price volatility. This has made so many persons opinion about cryptocurrency biased. Most people confuse the crypto sphere to be a gambling or ponzi scheme and this has been a set back. With the invention of stablecoin, cryptocurrency will be almost similar to fiat and this will increase the chances of massive adoption.
Title: Re: Stable Coins Necessary? Post by: ameliana on March 15, 2019, 06:30:29 PM Unfortunately, in a cryptocurrency, any project may unexpectedly end its existence. Obviously, we need several really strong stable Coin to have at least some stable base on the market. we really need it except I think if too many coins are stable then it can make the market difficult to develop because investors feel comfortable and safe having stable coins.so I think stable coins have balanced advantages and disadvantages. Title: Re: Stable Coins Necessary? Post by: d_fitrie on March 15, 2019, 06:39:18 PM of course, stable coins are needed for exchanges from other altcoins with the aim of reducing losses if the market declines. Stable coins are available in almost all exchanges
Title: Re: Stable Coins Necessary? Post by: Bim abk on March 15, 2019, 06:45:08 PM Unfortunately, in a cryptocurrency, any project may unexpectedly end its existence. Obviously, we need several really strong stable Coin to have at least some stable base on the market. we really need it except I think if too many coins are stable then it can make the market difficult to develop because investors feel comfortable and safe having stable coins.so I think stable coins have balanced advantages and disadvantages. Title: Re: Stable Coins Necessary? Post by: Ifychuks on March 15, 2019, 06:48:59 PM Can you Cleary state beyond doubts which coins you refer to as stable coins. To me, I do not consider y coin stable in terms of the meaning of that word stable because all have fluctuations in value once in a while.
Title: Re: Stable Coins Necessary? Post by: superstarbtc on March 15, 2019, 07:33:36 PM stable coins are necessary most of the financial institutions use to keep their assets encrypted in the blockchain this year we may see more stable coins
Title: Re: Stable Coins Necessary? Post by: vanya.pronin.1983 on March 15, 2019, 07:38:20 PM Yes, I believe that such coins are pretty helpful. If I want to sell my coins and want them to stay in this industry, I am buying stable coins to keep them ready to buy more altcoins in the future, when I want to do it.
Title: Re: Stable Coins Necessary? Post by: letyouearn on March 15, 2019, 07:42:38 PM I don't quite understand what's the point of all these USDT clones... That looks useless and funny for me :)
And also I don't understand why all these stable coins appeared only now, and there was only one such coin - USDT - for a quite long period of time. Title: Re: Stable Coins Necessary? Post by: zhekinsp on March 15, 2019, 07:44:30 PM Stable coins are scams,you are going to lose money by trusting that they are stable cojns because literally they are not stable coins they were just backed by nothing.
Title: Re: Stable Coins Necessary? Post by: Mmesooma1 on March 15, 2019, 07:46:04 PM Currently seems every project or crypto company wanna create a stable coin now, except USDT, currently we have GUSD, TUSD, PAX. But do you think it's really necessary to have so many stable coins? If all can truly remain stable then I will be glad to have them all. Cryptocurency volatility has made the market too distasteful for investors. So we need a more stable market Title: Re: Stable Coins Necessary? Post by: Xalata on March 15, 2019, 07:47:58 PM Having stable cryptocurrencies is really a good idea because the crypto market is very volatile and converting your funds into stable cryptocurrencies can absorb some of the shocks of dump in cryptocurrencies. But one should also note that in case you convert your funds to stable coins you will miss out on increase in funds when there is a pump in the crypto market.
Title: Re: Stable Coins Necessary? Post by: AgentZero23 on March 15, 2019, 07:57:35 PM We already have many stable coins and it is necessary to have a stable digital asset. Stable coins are now very important considering we are in bear market. Investors convert their eth or btc to TUSD or USDT to avoid further loses.
Title: Re: Stable Coins Necessary? Post by: bountylayomi on March 15, 2019, 08:37:20 PM Stable Coins are good to invest on and to hodl. I heard a new project called WPP is to become a stable coin. If it does, I will invest on it as well.
Title: Re: Stable Coins Necessary? Post by: GhostWithin on March 15, 2019, 08:48:03 PM We already have many stable coins and it is necessary to have a stable digital asset. Stable coins are now very important considering we are in bear market. Investors convert their eth or btc to TUSD or USDT to avoid further loses. While the activity of a regular user who buys even a relatively small amount of coins is carefully studied, tokens issuers can enjoy much greater freedom in manipulations In the absence of trade restrictions, bots and fake orders, this can affect both the entire niche and large exchanges. Title: Re: Stable Coins Necessary? Post by: SinLinJim on March 15, 2019, 09:40:26 PM Currently seems every project or crypto company wanna create a stable coin now, except USDT, currently we have GUSD, TUSD, PAX. But do you think it's really necessary to have so many stable coins? Title: Re: Stable Coins Necessary? Post by: smoolae on March 15, 2019, 09:44:20 PM I personally never have been a big fan of stable coins. I admit that they have their place and point in the system but I also think that a lot of claims they make are not real. Personally, I think that the "backed by 1 to 1 USD" claim isn't 100% true. One should use stable coins only during flash crashes and other times when a coin like this is the best way to transfer funds.
Title: Re: Stable Coins Necessary? Post by: Impaler on March 15, 2019, 10:04:30 PM I think stable coins are very much important in this market. This market is highly volatile and and not too much stable. That's why we need some coins which price doesn't tractate to much and I think this is the main reasons. And stable coins are more secure
and most of the times they are pegged with fiat or physical asset. Title: Re: Stable Coins Necessary? Post by: Goodvalony on March 15, 2019, 10:27:00 PM it is the only means of staying up in this horrible financial market. how would you feel when you invest a 1000 usd in a crypto, then goes to bed. only to wake up and to see your investment plummet down to 100usd. quite horrible. nobody wanted such market. stability is needed and that was why the stablecoins were introduced.
Title: Re: Stable Coins Necessary? Post by: hellyah070 on March 15, 2019, 10:38:38 PM Currently seems every project or crypto company wanna create a stable coin now, except USDT, currently we have GUSD, TUSD, PAX. But do you think it's really necessary to have so many stable coins? I think it is necessary if we limit the number of stable coin into one crypto only, so that people will be organized when it comes to market downfall, we can trade and sell our cryptos to stable coins. But if there is too much stable coins, still the volume of our money is diverse. Title: Re: Stable Coins Necessary? Post by: xuan87 on March 15, 2019, 11:29:18 PM It is useful, it could become the choice when we are facing the bear market,and stable coin could be option to become currency to buy something, stable coin is more suitable to become currency rather than trading token, but to make stable coin works it will need more adoption since it is not profitable as trading token
Title: Re: Stable Coins Necessary? Post by: Gabali126 on March 15, 2019, 11:35:26 PM Currently seems every project or crypto company wanna create a stable coin now, except USDT, currently we have GUSD, TUSD, PAX. But do you think it's really necessary to have so many stable coins? Title: Re: Stable Coins Necessary? Post by: travwill on March 15, 2019, 11:35:39 PM I think stable coins are very much important in this market. This market is highly volatile and and not too much stable. That's why we need some coins which price doesn't tractate to much and I think this is the main reasons. And stable coins are more secure and most of the times they are pegged with fiat or physical asset. You're right. First of all, the stable coin is important for investors, as an emergency exit at times of market destabilization. You can not rely on one project in the case of Altcoins and Stable Coins. Title: Re: Stable Coins Necessary? Post by: kemetz on March 15, 2019, 11:58:18 PM there is no need to have too many stable coins because they will not be able to provide greater profits in the future because we invest, the goal is to be able to benefit and also gain knowledge about technology, trade and other things from crypto.
just save the max two coins are stable in your portfolio because there are still many coins that have a faster upward movement when there is growth in the market rather than stable coins whose movements are quite slow. Title: Re: Stable Coins Necessary? Post by: Bangjull on March 16, 2019, 12:26:58 AM If I think altcoin needs a stable one because it can get me, but if altcoin is not stable it is very bad for me it's better to stabilize but requires an increase from day to day like tokens so hard if I want to trust them because it's not too sure
Title: Re: Stable Coins Necessary? Post by: MonaLeeTracy on March 16, 2019, 03:28:12 PM Stable coins are scams,you are going to lose money by trusting that they are stable cojns because literally they are not stable coins they were just backed by nothing. yes sometimes fraud gives an attractive lure. but I will think twice again. because until now I'm here. of course I have never seen the name of the coin price stable. because most coins move. sometimes it goes up and sometimes it goes down and that's certain. Title: Re: Stable Coins Necessary? Post by: pieppiep on March 16, 2019, 03:47:00 PM Stable coins are scams,you are going to lose money by trusting that they are stable cojns because literally they are not stable coins they were just backed by nothing. yes sometimes fraud gives an attractive lure. but I will think twice again. because until now I'm here. of course I have never seen the name of the coin price stable. because most coins move. sometimes it goes up and sometimes it goes down and that's certain. Title: Re: Stable Coins Necessary? Post by: sctunter on March 16, 2019, 03:52:56 PM stable coin also give you low profit
but that good enough when you wanna do long or middle term hodl ur asset is safe there Title: Re: Stable Coins Necessary? Post by: nwosuchristabe2 on March 16, 2019, 04:34:41 PM Stable coin is a very good tool to bring investors into the cryptocurrency space. One of the major reasons why people are scared of investing in cryptocurrency is due to the volatility of the market, with stablecoin there will be no fear of loosing fund.
Title: Re: Stable Coins Necessary? Post by: Yahiris on March 16, 2019, 05:19:28 PM stable coin also give you low profit But the risk is much less than in a regular volatile coin. I think a lot of people would agree to invest in such a coin to get a stable income but that good enough when you wanna do long or middle term hodl ur asset is safe there Title: Re: Stable Coins Necessary? Post by: CoinEraser on March 16, 2019, 05:58:12 PM Stable coin is a very good tool to bring investors into the cryptocurrency space. One of the major reasons why people are scared of investing in cryptocurrency is due to the volatility of the market, with stablecoin there will be no fear of loosing fund. The advantage of stable coins is obvious, but I would still be careful with stable coins. With some stable coins you unfortunately don't know if the coins are really covered with fiat money or not. Since this is really unclear with some stable coins, I would not use stable coins to store for a long time money. :) Title: Re: Stable Coins Necessary? Post by: Sephire on March 16, 2019, 06:01:16 PM Tether has always been controversial so it is good to see more choices in stable coins. However, some of these new stable coins may be no better than Tether so do not leave too many funds in any stable coins for too long. Safer to use BTC or ETH to keep trading funds.
Title: Re: Stable Coins Necessary? Post by: LUCKMCFLY on March 16, 2019, 07:57:40 PM Stable coin is a very good tool to bring investors into the cryptocurrency space. One of the major reasons why people are scared of investing in cryptocurrency is due to the volatility of the market, with stablecoin there will be no fear of loosing fund. The advantage of stable coins is obvious, but I would still be careful with stable coins. With some stable coins you unfortunately don't know if the coins are really covered with fiat money or not. Since this is really unclear with some stable coins, I would not use stable coins to store for a long time money. :) This is very true, although I the only stable currency that I use is the tether, it gives me some confidence, what happens is that it is difficult to determine which is the best stable currency, but when I feel that Bitcoin will go down in price, I pass everything to tether, and it's a way to protect myself from the fall. A few months ago tether suffered a fall, but as days started to recover, when I reviewed the volume of transactions it is because an operator withdrew tether to buy Bitcoin. That's why I believe in my personal opinion that Tether is the most reliable because of my experience. Title: Re: Stable Coins Necessary? Post by: Sanford on March 16, 2019, 08:01:12 PM Stable coins are also very important for ekonosike. I think experienced traders have already learned how to use project benefits. Well. Even if stable coins take it everywhere, it will advance the cryptocurrency to the masses.
Title: Re: Stable Coins Necessary? Post by: timmmers on March 16, 2019, 08:11:03 PM Currently seems every project or crypto company wanna create a stable coin now, except USDT, currently we have GUSD, TUSD, PAX. But do you think it's really necessary to have so many stable coins? But, some of them are not audited, sou I would not say that they are stable or safe ;D. Title: Re: Stable Coins Necessary? Post by: yakushev on March 16, 2019, 08:19:22 PM Stable coins are also very important for ekonosike. I think experienced traders have already learned how to use project benefits. Well. Even if stable coins take it everywhere, it will advance the cryptocurrency to the masses. Stable coins constantly help out investors and not only the most experienced, but also such coins can attract the attention of those people who want to save their money during a crisis or anything else threatening their well-beingTitle: Re: Stable Coins Necessary? Post by: melomanskiy on March 16, 2019, 08:51:12 PM I think so many stable Coins do not need people. Just the developers of such projects collect good money from us, because their coin is easier to popularize than other altcoins.
Title: Re: Stable Coins Necessary? Post by: dawai asmara on March 16, 2019, 08:57:40 PM I think so many stable Coins do not need people. Just the developers of such projects collect good money from us, because their coin is easier to popularize than other altcoins. currently stable coins are quite popular and are in demand by many people but in my opinion it is not a good thing because in my opinion in investing if you want a big profit then you have to invest in coins that are not as good even though the risk is also great.Title: Re: Stable Coins Necessary? Post by: JuanPaulo on March 16, 2019, 09:57:27 PM Currently, one of the stable coins has shown itself in all its glory. USDT announced that they now do not guarantee the exchange of each coin for dollars. So now they have no need to keep large amounts of dollars in their accounts. And investors have no money back guarantees.
Title: Re: Stable Coins Necessary? Post by: Golstrim on March 16, 2019, 10:09:04 PM Stable coin is something you really need. Without stable coin crypto ecosystem can't operate. Just imagine if usdt would disappear. It will be a crash of crypto.
Title: Re: Stable Coins Necessary? Post by: BCTS on March 16, 2019, 10:32:47 PM I think that at the moment the market already has a sufficient number of stable coins and the emergence of new stable coins will not improve their situation.
Title: Re: Stable Coins Necessary? Post by: VanDeinsberg12 on March 16, 2019, 11:01:33 PM I think that at the moment the market already has a sufficient number of stable coins and the emergence of new stable coins will not improve their situation. Definitely agree. Stablecoin should not be too much. When there's already too many stablecoin the new stablecoin will be useless because the function is basically the same so why bother create one again. They better off developing something else that's more functional than the stablecoin.Title: Re: Stable Coins Necessary? Post by: jvper on March 16, 2019, 11:14:32 PM Stable coins enable different decentralized applications purposes to happen. Many times devs need a stable price coin to make it work.
Title: Re: Stable Coins Necessary? Post by: cryptowolfsu on March 16, 2019, 11:16:15 PM Stable coins are useful preventing loosing value of our holdings when the market is declining. Many merchants also rather
accepting stable coins as they do not want to lose from market fluctuations. How much stable coins would be optimal, the market will decide by using the ones they trust more. Title: Re: Stable Coins Necessary? Post by: williamsoliver91 on March 20, 2019, 03:35:48 PM What do you think about STASIS EURS? Do you know any other euro stablecoins?
Title: Re: Stable Coins Necessary? Post by: bitkanu on March 20, 2019, 03:43:37 PM Stable coins are also very important for ekonosike. I think experienced traders have already learned how to use project benefits. Well. Even if stable coins take it everywhere, it will advance the cryptocurrency to the masses. Stable coins constantly help out investors and not only the most experienced, but also such coins can attract the attention of those people who want to save their money during a crisis or anything else threatening their well-beingTitle: Re: Stable Coins Necessary? Post by: nik9990 on March 27, 2019, 05:58:38 AM I think crypto is not for stable coins, people are attracted by the high volatility of coins
Title: Re: Stable Coins Necessary? Post by: Squirrel Dearing on March 27, 2019, 09:16:06 AM I believe that the issue is not the number of stablecoin, but their necessity. If your stablecoin will release the exchange, which daily huge volume of trading, it is likely that their coin will be successful and in demand. But if it's just another cryptocurrency that is created by an unknown company, it is doomed to failure.
Title: Re: Stable Coins Necessary? Post by: jackblacksparrow on March 27, 2019, 09:18:32 AM I believe that there is no stability in the world of cryptocurrency and that everything can change in a matter of minutes. Here you always need to be on the alert. There will be no ideal conditions for investment or growth, you need to keep an eye on it all the time.
Title: Re: Stable Coins Necessary? Post by: barnesibrahim143 on March 27, 2019, 01:01:52 PM I think stablecoins (https://coincodex.com/stablecoins/) are going to play a very important role in the future. We need stability in order to use it as a currency, I'm not saying it needs to be backed by USD at all, a very good example is DAI (https://coincodex.com/crypto/dai/). Do you know any reliable euro stablecoins beside EURS from stasis.net? What do you think about Eurs btw? Title: Re: Stable Coins Necessary? Post by: travwill on March 27, 2019, 02:45:56 PM To be honest, I do not see the need for such a number of stable Coin as we currently see on the market, in my opinion there will be enough 3–4 such coins.
Title: Re: Stable Coins Necessary? Post by: barnesibrahim143 on March 28, 2019, 12:17:28 PM To be honest, I do not see the need for such a number of stable Coin as we currently see on the market, in my opinion there will be enough 3–4 such coins. But with different pegs, right? Title: Re: Stable Coins Necessary? Post by: dicaprio on March 28, 2019, 01:41:03 PM Stable coins are a damn terrible thing, because they are digital Fiat, but not quite so, it seems to me that the community already understands that with their help resources were pumped up, which in general did not have such support as before.
Title: Re: Stable Coins Necessary? Post by: mbluxs on March 28, 2019, 01:47:53 PM I do not agree. stable, it must be there, but when it keeps happening, a trader will also not get a profit because they can all benefit from fluctuations from the market which is quite attractive to them.
Title: Re: Stable Coins Necessary? Post by: Dayan1 on March 28, 2019, 01:52:41 PM No, every coin has different owner or companies which working to make a coin be progressive in its price and volume, dont wish for a stable coin, wish for a coins thats has a good development time per time. That was needed by a trader, you cant gain profit from a stable currency, its required to have changing price to be a good trading coin. Stable is not kind of good but its not worst, its be better than dead coin
Title: Re: Stable Coins Necessary? Post by: barnesibrahim143 on March 29, 2019, 01:56:43 PM No, every coin has different owner or companies which working to make a coin be progressive in its price and volume, dont wish for a stable coin, wish for a coins thats has a good development time per time. That was needed by a trader, you cant gain profit from a stable currency, its required to have changing price to be a good trading coin. Stable is not kind of good but its not worst, its be better than dead coin Stablecoins are cheaper to send and receive to any part of the world. For instance with EURS you can send any sum to any part of the world paying just 0,5 EURS. For other like TUSD, USDC etc. you just pay gas. Stablecoins are designed to help investors to jump in and out of the crypto market cheaper and faster. It only takes you seconds to exchange BTC, ETH or whatever to a stable unit of account instead of days for jumping to fiat. Hope that helps to understand the role of the stablecoins in the financial ecosystem Title: Re: Stable Coins Necessary? Post by: kleshovab7 on March 29, 2019, 04:38:23 PM In fact, it is the same coin that is attached to the dollar. I do not see this problem. Anyway, in the end, you get your token and change to a dollar.
Title: Re: Stable Coins Necessary? Post by: Bim abk on March 29, 2019, 05:06:46 PM In fact, it is the same coin that is attached to the dollar. I do not see this problem. Anyway, in the end, you get your token and change to a dollar. yes coins are stable as well as fiat currencies like dollars and so on. so I think if you need a stable coin you will use the coin to save your funds, and it's difficult to make a profit in it because of its stable movement. and I don't think I will get much profit if I investTitle: Re: Stable Coins Necessary? Post by: dicaprio on March 30, 2019, 06:19:39 AM I think that the existence of stable coins has its advantages, as it has already been said that today there are so many advantages, and these advantages are the fixation of deposits that are on the market today. It is these advantages that we should bear in mind today.
Title: Re: Stable Coins Necessary? Post by: ajdar.muxin.79 on March 30, 2019, 10:32:42 AM I do not think that we need so much stable coins. In the last few months there were like 5 new stable coins, but I my opinion it is not necessary to have 20 stable coins on this market. Like 3-5 would be more than enough.
Title: Re: Stable Coins Necessary? Post by: SinLinJim on March 30, 2019, 12:34:28 PM I do not think that we need so much stable coins. In the last few months there were like 5 new stable coins, but I my opinion it is not necessary to have 20 stable coins on this market. Like 3-5 would be more than enough. Of course, you do not need such a number, technically they do not bring anything new to the crypto currency, and therefore there is no benefit, let there be 3-5 pieces and all the attention of investors will focus on them, let them gain popularity and developTitle: Re: Stable Coins Necessary? Post by: MisterLangley on March 30, 2019, 12:54:20 PM Like the project that will be done for now if it is like what was said before, if it is on the road, it really will be terrible the price of coins for the future without the support of coins, there will be no results with the USDT with the GUSD, TUSD, PAX
Title: Re: Stable Coins Necessary? Post by: Sab11 on March 30, 2019, 01:54:21 PM Currently seems every project or crypto company wanna create a stable coin now, except USDT, currently we have GUSD, TUSD, PAX. But do you think it's really necessary to have so many stable coins? Title: Re: Stable Coins Necessary? Post by: Indamuck on March 30, 2019, 02:04:37 PM Stable coins are not needed, its just another middleman that we don't want. Exchanges should all be using real USD and not same pseudo dollar token that may not even be backed by enough dollars. I have never touched one of these USD coins and never will.
Title: Re: Stable Coins Necessary? Post by: Best Dreams on March 30, 2019, 08:37:38 PM I think that the existence of stable coins has its advantages, as it has already been said that today there are so many advantages, and these advantages are the fixation of deposits that are on the market today. It is these advantages that we should bear in mind today. Yeah it is like so if the coin will be stable you will know when and how much you will have to spend for earning I think there are some coin in market which has stable price but the investors are not getting much out of them because they invest limited and get limited so I think stable coins are not profit making we should choose the coin that can rise to huge extent without any limit.Title: Re: Stable Coins Necessary? Post by: Jpti on March 30, 2019, 08:40:38 PM I also do not understand behind the issuance of so many stable coins. Why we need so many stable coins. Regarding this issue, I have asked one of my friends. He said stable question is for many purpose like saving traders' money when the market suffers a meltdown. But he also failed to say why so many stable coins.
Title: Re: Stable Coins Necessary? Post by: Raizou on March 30, 2019, 08:43:51 PM Although this discussion is a little old, at that time I was annoyed at people's choice for these stables coins instead of traditional coins or even tokens. I came to think that it was the end of the cryptocurrencies and indeed it was, but the change was positive. There are a lot of speculators, they see it here as a neo forex or something, so this hedge is important to this group. Without the speculators, we would take more time to mature in this market that is still immature.
Title: Re: Stable Coins Necessary? Post by: MikeyVeez on March 30, 2019, 08:49:18 PM I do not know if they are really necessary. But where is the trusth about Tether - when it is not really backed by real USD, could it be that a catastrophic scenario for Bitcoin?
Title: Re: Stable Coins Necessary? Post by: makerst on March 31, 2019, 08:48:10 AM Stable projects is a very bad situation for all decentralization. But we, with you, already understand that in general, decentralization does not even smell here. Because it all depends on the BTC and its volatility.
Title: Re: Stable Coins Necessary? Post by: digitalblock on March 31, 2019, 05:03:11 PM I think there is no really need in so big amount of stable coins but sometimes you might need one of those. So let them be just in case.
Title: Re: Stable Coins Necessary? Post by: naira on March 31, 2019, 05:17:29 PM Stable projects is a very bad situation for all decentralization. But we, with you, already understand that in general, decentralization does not even smell here. Because it all depends on the BTC and its volatility. not all coins depend on BTC because there is a coin capable of up without support BTC so I think everything depends on the trader and how the project attracts the attention of traderTitle: Re: Stable Coins Necessary? Post by: Robotbitcoin22 on March 31, 2019, 05:22:18 PM Bitcoin is in great demand because the price increase is quite large, and it means fluctuating from the price of bitcoin provides many benefits for traders, they do not need if bitcoin is stable then their profits also tend not to be large
Title: Re: Stable Coins Necessary? Post by: Toraynt on March 31, 2019, 05:56:48 PM Bitcoin is in great demand because the price increase is quite large, and it means fluctuating from the price of bitcoin provides many benefits for traders, they do not need if bitcoin is stable then their profits also tend not to be large It is clear that no one needs a completely stable market, but a few stable coins in the market will always be in demand and will be used Title: Re: Stable Coins Necessary? Post by: Umkar on March 31, 2019, 06:44:48 PM I believe that stablecoin is created too much, it would be enough to have several different coins so that there was a choice and there was no monopoly, and also that it was comfortable to use cryptocurrencies and trade them. The problem is that there are too many people who want to create their own stablecoin, but over time there will be some of the most popular coins that will dominate the market.
Title: Re: Stable Coins Necessary? Post by: asdlolciterquit on March 31, 2019, 06:51:29 PM Bitcoin is in great demand because the price increase is quite large, and it means fluctuating from the price of bitcoin provides many benefits for traders, they do not need if bitcoin is stable then their profits also tend not to be large It is clear that no one needs a completely stable market, but a few stable coins in the market will always be in demand and will be used that's the point. The answer is simple: we want to use our crypto? we want the more and more people use it? Then we need, at least some crypto, that will not have huge dump and, yes, huge pump.. Title: Re: Stable Coins Necessary? Post by: bartusv on March 31, 2019, 11:11:34 PM Not all the stable coins will survive. The market will decide which one will have usage. Competition is a good thing and having
many stable coins backed with $ or different assets are useful for the market. They are a step forward towards mass adoption from merchants. Title: Re: Stable Coins Necessary? Post by: pinoy.bolanon on March 31, 2019, 11:15:09 PM Currently seems every project or crypto company wanna create a stable coin now, except USDT, currently we have GUSD, TUSD, PAX. But do you think it's really necessary to have so many stable coins? in my own observataions there are lots of trading pairs with stable coins, well for me at some.point it protect the investors from possible losses but if we hold this coins, we could not expect that we can gain a profit from.holdinh it. Title: Re: Stable Coins Necessary? Post by: barnesibrahim143 on April 01, 2019, 04:24:07 PM What euro stablecoins would you recommend? Do you know any other beside EURS?
Title: Re: Stable Coins Necessary? Post by: mattadc on April 01, 2019, 04:35:48 PM I adhere to the thought that it is better to have several stable coins than more than two thousand unstable ones. Coins should not be so much.
Title: Re: Stable Coins Necessary? Post by: williamsoliver91 on April 02, 2019, 01:18:48 PM What euro stablecoins would you recommend? Do you know any other beside EURS? EURS is the only reliable euro stablecoin I know. I think investors from Europe have only this option. They've received recently their audit from BDO by the way https://stasis.net/transparency/ Title: Re: Stable Coins Necessary? Post by: blokklanc on April 02, 2019, 11:08:46 PM Stable coins are liked by merchants and they are important for mass adoption of crypto.
How many of them we need the market will decide. Title: Re: Stable Coins Necessary? Post by: TastyChillySauce00 on April 02, 2019, 11:12:12 PM Stable coins are liked by merchants and they are important for mass adoption of crypto. Though stablecoin is proven to be useful when it comes to saving your money however it seems that as of now there's no real adoption for stablecoin because as you can see the almost inexistent volatility could help some merchants that are afraid of volatility to be more confident in adopting blockchain based currency but now there's NONE, That's kinda strange, just really hope stablecoin could push its adoption.How many of them we need the market will decide. Title: Re: Stable Coins Necessary? Post by: Isiaka208 on April 02, 2019, 11:13:51 PM We don't need too many stable coins no more, except the lines with backing products.
Title: Re: Stable Coins Necessary? Post by: jojohamasa on April 02, 2019, 11:24:44 PM I adhere to the thought that it is better to have several stable coins than more than two thousand unstable ones. Coins should not be so much. Currency stability gives confidence to investors and this is very important in such a market But there are two points to consider - Stability means there are no significant trading opportunities - Will these companies allow external auditing? Title: Re: Stable Coins Necessary? Post by: sandu.gisca13 on April 03, 2019, 09:59:14 AM I adhere to the thought that it is better to have several stable coins than more than two thousand unstable ones. Coins should not be so much. Currency stability gives confidence to investors and this is very important in such a market But there are two points to consider - Stability means there are no significant trading opportunities - Will these companies allow external auditing? We, at STASIS focus on transparency of the reserves and providing with weekly verification and quarterly audits from a top five audit company for our euro reserves: https://stasis.net/transparency/ Title: Re: Stable Coins Necessary? Post by: puremage111 on April 03, 2019, 10:11:36 AM Well stable coin is needed but not that many
We have like so much stable coins now The main purpose is actually for hedging imo, just because it can be traded on exchange unlike Fiat to crypto it takes time regardless if its OTC or etc Title: Re: Stable Coins Necessary? Post by: Adunni6758 on April 03, 2019, 01:28:05 PM Currently seems every project or crypto company wanna create a stable coin now, except USDT, currently we have GUSD, TUSD, PAX. But do you think it's really necessary to have so many stable coins? in my own observataions there are lots of trading pairs with stable coins, well for me at some.point it protect the investors from possible losses but if we hold this coins, we could not expect that we can gain a profit from.holdinh it. Title: Re: Stable Coins Necessary? Post by: IParn on April 03, 2019, 01:29:46 PM I think that quite a few stable and promising coins in the world of cryptocurrency are enough. And all the others just to remove from the market so as not to interfere.
Title: Re: Stable Coins Necessary? Post by: maculeth on April 19, 2019, 03:16:29 AM yes, but not bitcoin or etherum, because both coins are coins that have the highest value and are worth the investment. be a coin with a lower price if you want to be stable and really can be used as a transaction, for example ripple or xlm.
Title: Re: Stable Coins Necessary? Post by: LUCKMCFLY on April 19, 2019, 05:21:05 AM Currently seems every project or crypto company wanna create a stable coin now, except USDT, currently we have GUSD, TUSD, PAX. But do you think it's really necessary to have so many stable coins? As everyone goes crypto, I think the need to have stable currencies is becoming a necessity, this is because many times people can spend their money to USDT or Tether that are normally trusted, now there is a series of conditions that have to do with mixtures and not just USD, This suggests that more stable currencies will not be in sight as is tether, other currencies will not be taken into account in the face of a possible massive crash of cryptocurrencies, which , for stable currencies will be an easy resource for refuge from monetary resources that are not so linked to bitcoin. Title: Re: Stable Coins Necessary? Post by: andor.gellenhidi on April 19, 2019, 05:56:11 AM Stable tokens or coins contribute a lot to trading because they work like a security island. This is a very cool tool for the development of the entire cryptocurrency trading community. But this cannot go on forever.
Title: Re: Stable Coins Necessary? Post by: joseyphil82 on April 19, 2019, 06:33:56 AM Stable coins are very necessary especially for traders, if you are into trading it will be easier to change coins to fiat using stable coins and when price drops use the stable coin to buy back and you will get more quantity coins
Title: Re: Stable Coins Necessary? Post by: mmo_online_1981 on April 21, 2019, 03:15:17 PM Stable Coins have certain advantages! Guaranteed value of property! while exchanging!
Title: Re: Stable Coins Necessary? Post by: Sang Prabu on April 21, 2019, 03:29:50 PM Stable coins are very necessary especially for traders, if you are into trading it will be easier to change coins to fiat using stable coins and when price drops use the stable coin to buy back and you will get more quantity coins Yes right, this is to ensure or lock in prices, the stable presence of coins certainly makes investors not hesitate to place their money, the most important is a guarantee from devs. so it's not a scam. Title: Re: Stable Coins Necessary? Post by: memecoin on April 21, 2019, 03:48:55 PM Yes it's necessary and it will helpful to those who are trading. I agree with you about that, and in the future it is very likely that the coin has been stabilized in a necessary way, but it has also boomed to create a new era for today's popular altcoin, maybe ;D Title: Re: Stable Coins Necessary? Post by: casternetwork on April 21, 2019, 03:53:19 PM I think no need too much stable coins. Only a trustable stable coin is enough. In my opinion, trust is what makes this coin stabe. If we lose trust in this stable coin, it will no more stable. Like USDT a few days ago. According to you, that stable currency might be Bitcoin. Because I see Bitcoin as the most popular used and in the future it is most likely the most popular coin, becoming the most unique currency in the market ;D Title: Re: Stable Coins Necessary? Post by: Adriano2010 on April 21, 2019, 07:40:17 PM I think also are needed some stable coins on market, because maybe someone want to buy some coins at a price and they hold money on stable coins and maybe they can manage more easy and when traders want to buy.
Title: Re: Stable Coins Necessary? Post by: dnprock on May 01, 2019, 11:43:28 PM I think the current approach (tethering) of stable coin is silly. The stable coin for USD is USD itself. USD is also digitized and available electronically. We don't need another digital version of it created by a bank. The stability problem with crypto currency like Bitcoin is its deflationary paradox. If we remove that condition, we'll have a coin that behaves like USD.
Title: Re: Stable Coins Necessary? Post by: edmundo on May 01, 2019, 11:56:43 PM I strongly believe they are necessary. Crypto is aiming to replace fiat and as such, it needs a coin/coins that can maintain a reasonable level of stability at all times. Being that crypto is highly volatile, the need for stability in value for exchange and usage cannot be overemphasised. This is exactly where the world needs a stable coin/coins to step up and act while maintaining the full balance of cryptocurrencies.
Title: Re: Stable Coins Necessary? Post by: prayogi on May 01, 2019, 11:57:15 PM this will be the same as conventional currency and to be honest I don't like it because if there are only stable coins then where can we get a surprise? Which coin can we get so much profit? there are no fluctuations so there is no big profit, yeah that in my opinion
I like stable coins, but I'm not very supportive if there are a lot of stable coins, enough with what is now there, no need to add more Title: Re: Stable Coins Necessary? Post by: jamesuk34 on June 13, 2019, 02:32:37 PM Hey dear people,
what do you think about STASIS? Do you know other euro stablecoins than EURS? Title: Re: Stable Coins Necessary? Post by: flowdon on June 13, 2019, 02:39:11 PM it is good to have more stable coins in any of exchanges out there, because of these coins we can well manage our own profit and put into safe mode when you have doubt about dumping time.
Title: Re: Stable Coins Necessary? Post by: dipeco on June 13, 2019, 03:43:01 PM It depends on what you need to do with those stable coins. I am not a trader and I am not using them on a daily basis. The only time I needed a stable coin was done for an arbitrage deal. We do not need so much of them in my opinion.
Title: Re: Stable Coins Necessary? Post by: vkuroibara on June 13, 2019, 03:57:13 PM well stablecoins have been the hottest topic in the cryptocurrency world for a while now. Looks like everyone uses stablecoins for now. It has more pros than cons and that's the fact. Stability is the biggest need on the market no. don't you think so?
Title: Re: Stable Coins Necessary? Post by: farraddy on June 13, 2019, 04:14:38 PM It is impossible to trade successfully on the crypto market without being able to fix profit (loss) in any stable coin. The idea of creating stable coins arose by itself and as time has shown was accepted by the majority of market participants.
Title: Re: Stable Coins Necessary? Post by: fallensky7 on June 13, 2019, 04:27:04 PM Stablecoins are financial assets that offer their owners a certain degree of stability to their price. The main purpose of stablecoins - serve as a unit of account, as well as a means of saving value. Their diversity gives us a choice, I think it is very good.
Title: Re: Stable Coins Necessary? Post by: Zdraste16 on June 13, 2019, 06:49:43 PM There is nothing negative in the fact that several stable coins will be provided. This will give the opportunity to choose for each a more convenient option. Although they are all stable coins, there is a difference between them. Developers will work more to improve the product in a competitive environment.
Title: Re: Stable Coins Necessary? Post by: cherryganda on June 13, 2019, 06:52:34 PM for me it is a yes! stable coin will get the market much better.
as a trader i would go to a stable coin if i am seeing the market falling daown. this will engage it! Title: Re: Stable Coins Necessary? Post by: DES_MX on June 13, 2019, 07:06:49 PM The marketplace is actually steady, I believe it will likely be hard. We are able to observe that we now have various kinds of cash plus they should function difficult to improve cost development. Right now your competition in between cash gets harder and several price tend to be an absolute no. These people shed traders since the creator isn't any lengthier energetic.
Title: Re: Stable Coins Necessary? Post by: Schirer on June 13, 2019, 07:14:51 PM Its hard to understand how many we actually need,
There are a rational reason behind this, there is real doubt about USDT stability and coverage with real USD . This is why we need other coins as well. But as for ton of new coins, I thin kthis is just a new trend which gives you higher probability of ICO success. Title: Re: Stable Coins Necessary? Post by: sandu.gisca13 on June 14, 2019, 12:05:36 PM Hey all,
Wanted to share with you an article from STASIS team on "why exchanges and asset-backed tokens should be different entities". What are your opinions on that? https://medium.com/stasis-blog/why-we-should-be-wary-of-exchanges-tokenizing-assets-d13e325e74d2 Title: Re: Stable Coins Necessary? Post by: motun01 on July 12, 2019, 11:38:35 PM stable coin are essential in the cryptocurrency market both for the individual traders and also the long term holders and the institutional investors. As of late, numerous projects set forward their plans to make a stable coin, and these thoughts are getting to be well known. I believe that an enormous number of stable coins are not required in the cryptocurrency market, there will be few stable coins that will pick up prevalence
Title: Re: Stable Coins Necessary? Post by: Duzter on July 12, 2019, 11:46:47 PM Stablecoins help users with a basic way to get into trading with ease when paired with bitcoin or any of the cryptocurrency. Among the cryptocurrency users there are different categories of user community who have difference of opinion on cryptocurrency usage. Some expect minimal profit without their capital funds being disturbed, those users prefer stablecoin investments higher than the common ones.
Title: Re: Stable Coins Necessary? Post by: LiquorBan on July 13, 2019, 09:34:51 AM Coin prediction is not real though, sometimes the coins itself are doing it, and market isn't stable. And I can say that coins are stable in 24hrs , maintaining a stable price .. And now the market is good and we can assure that the coins right now are good to invest.
Title: Re: Stable Coins Necessary? Post by: dataispower on July 13, 2019, 09:38:28 AM Stable coins are necessary, but not necessarily creating so many different stable coins. Especially for traders like us, we need stable coins when there are signs that the market will dip or just to ensure our portfolio value doesn't drop in USD.
Title: Re: Stable Coins Necessary? Post by: BeginToMine on July 26, 2019, 04:22:53 PM Honestly I find this trend very troubling, I don't know why stablecoins are popping up everyday and it is not even needed, we already have established stablecoins that are doing so well with USDC being my favourite even though it's not trading in most exchanges.
Title: Re: Stable Coins Necessary? Post by: Nasonn on July 26, 2019, 07:18:11 PM Having so many stable coins may be good for crypto, reason is it's always good having a number of options in case one fails you can always have another to fall back to. Moreover all of them can't be listed on every exchange so the one available on the exchange you use you make use of that one.
Title: Re: Stable Coins Necessary? Post by: dnprock on August 08, 2019, 04:48:18 AM Having so many stable coins may be good for crypto, reason is it's always good having a number of options in case one fails you can always have another to fall back to. Moreover all of them can't be listed on every exchange so the one available on the exchange you use you make use of that one. I think we have so many stablecoins because it's easy to create one. Companies are created for stablecoins. I don't think there's much overhead cost. Most of the cost is in marketing. The market cannot coalesce around one single coin. And that is bad. As a user, I don't know which stablecoin to use/trust. Communities cannot get big enough to support a coin. Title: Re: Stable Coins Necessary? Post by: sjbi on August 08, 2019, 09:18:36 AM I think it is good for having too many stable coins in the market. Having too many projects of the same kind will essentially create competition in the market, which will allow investors and traders to pick good ones from the market. Besides, stablecoins, there are many coins of the same kind in the market. So lets have more coins in the market.
Title: Re: Stable Coins Necessary? Post by: andika2018 on August 08, 2019, 10:51:54 AM I think it is good for having too many stable coins in the market. Having too many projects of the same kind will essentially create competition in the market, which will allow investors and traders to pick good ones from the market. Besides, stablecoins, there are many coins of the same kind in the market. So lets have more coins in the market. Now there are many stable coins in the market, starting with those running on the ethereum network or the BNB chain network. For traders, stable coins are needed when trading or realizing profits. In addition, stable coins are useful as a benchmark for the value of bitcoin or other altcoins because stable coins are backed up by fiat Title: Re: Stable Coins Necessary? Post by: TastyChillySauce00 on August 08, 2019, 01:27:43 PM Stablecoin is necessary specifically for traders that wants to save up their wealth so that they will not be affected by the fluctuation. Need to note that the fact which proves stablecoin grow really fast in the recent few months alone but having so many stablecoins in the market is not a bad thing either, it's a free market after all. But choosing only one that you deem really reliable is also important.
Title: Re: Stable Coins Necessary? Post by: OasisDre on August 08, 2019, 04:12:15 PM Currently seems every project or crypto company wanna create a stable coin now, except USDT, currently we have GUSD, TUSD, PAX. But do you think it's really necessary to have so many stable coins? Title: Re: Stable Coins Necessary? Post by: Johnzky on August 08, 2019, 04:18:07 PM There might be a lot of stable coins in the market but that doesn't really mean they are unnecessary. Trading comes in pairs and the other half are stable coins. It is used to reduce the down fall whenever the market goes red. Libra coin might be a good one. Another libra coin advertising huh?lol how can this be good as stable coin but centralized?no I don’t think Libra is a good investment to limit the downfall because this kind of currency can be easily manipulated so better keep off this one.i rather choose ripple rather than thisTitle: Re: Stable Coins Necessary? Post by: ðºÞæ on August 08, 2019, 05:55:08 PM There might be a lot of stable coins in the market but that doesn't really mean they are unnecessary. Trading comes in pairs and the other half are stable coins. It is used to reduce the down fall whenever the market goes red. Libra coin might be a good one. Another libra coin advertising huh?lol how can this be good as stable coin but centralized?no I don’t think Libra is a good investment to limit the downfall because this kind of currency can be easily manipulated so better keep off this one.i rather choose ripple rather than thisGram (https://ton-telegram.net/gram-cryptocurrency-ton/) (Telegram) Walmart (https://www.cryptoinformers.info/news/10258-walmart-is-trying-to-patent-its-own-digital-currency-imitating-fb-libra) Libra JPMorgan coin Joe Blow Pizza coin ....... Stablecoins are digital gift cards Title: Re: Stable Coins Necessary? Post by: Spaffin on August 08, 2019, 08:13:50 PM In my opinion, a stable coin in the cryptocurrency market helps many traders to keep the value of their assets at the same level. Speaking of my preferences, the USDT coin does not help me very much and therefore I do not want to look for something else. Although now there is information that cryptocurrency users are very much configured to use the new project on Facebook. In my opinion, Libra will lose relevance very soon, since this project will not be launched for a number of reasons.
Title: Re: Stable Coins Necessary? Post by: jarhed on August 08, 2019, 08:23:08 PM Now there are very few stable and strong coins. Usually these are the ones in the top and the most popular. I believe that all coins need to be analyzed and then if you can, you can trust him to invest and check in work. No other way.
Title: Re: Stable Coins Necessary? Post by: UniversityCoin on August 12, 2019, 08:24:58 PM Stablecoin is necessary specifically for traders that wants to save up their wealth so that they will not be affected by the fluctuation. Need to note that the fact which proves stablecoin grow really fast in the recent few months alone but having so many stablecoins in the market is not a bad thing either, it's a free market after all. But choosing only one that you deem really reliable is also important. Earlier, I also thought that in stable coins it was safe to take profits from trading, until in the fall of 2018 the USDT rate collapsed by 30% of the dollar price. Since then, I realized that there is nothing 100% reliable in the crypto market and stopped trusting stable coins. Title: Re: Stable Coins Necessary? Post by: killat on August 12, 2019, 08:38:08 PM The dollar is audited and when dollars get printed everyone knows the Fed is doing it and will honor those treasuries. The dollar becomes debt.
With stable coins there is nothing. No one knows who prints them, they're hidden in tens of countries all over the world, no audit has ever been done. Essentially stable coins are like counterfeit currency. Title: Re: Stable Coins Necessary? Post by: tycsols on August 12, 2019, 08:54:50 PM Initially i was also not sure about the use and purpose of all these stablecoins but now that there is a race going on behind the scenes between many financial institutions as well some big brands and businesses to create their own stablecoin with masses use cases lile payments, shopoing, remittance, experts are now positive that in few years stablecoin market can grow huge and into trillions of dollars and the good news is that such amount of volume and money will have a very positive impact on crypto assets especially btc and eth that can become veey expensive in coming years.
Title: Re: Stable Coins Necessary? Post by: renault18turbo on August 12, 2019, 09:08:19 PM There is no doubt that stable coins are very important. At least when you want to take a vacation and you want your money to be safe
Title: Re: Stable Coins Necessary? Post by: Belianez on August 12, 2019, 09:12:21 PM When new coins are created every month , I do not see any feature in them , except that they have very little liquidity , I have always used the usdt and will use.
Title: Re: Stable Coins Necessary? Post by: confreslamp on August 14, 2019, 12:31:40 PM Yes, but not such a variety. I would be grateful if we would have only one or two trusted stable coins, because Tether is untrusted, USDC or USDT are pretty young in my opinion and are not listed everywhere, so it is very difficult to decide which one you would use.
Title: Re: Stable Coins Necessary? Post by: Dannev on August 14, 2019, 12:42:12 PM It is very necessary to have stable coins if only they can maintain that name stable in the real sense of it. The problem is not up and coming with stable coins but the ability to really deliver on the use case of the project. There are so many so called stable coins in the market that the prices or workability of their products is nothing to write home about.
Title: Re: Stable Coins Necessary? Post by: Tccrypto on August 14, 2019, 01:01:04 PM Stable coins are really necessary in terms of hedging against a downward trend. Stablecoins help to protect investors or traders from losing funds in a bear market. The necessity of stablecoins cannot be overemphasised because it is very helpful in trading and staying afloat in a manipulative market.
Title: Re: Stable Coins Necessary? Post by: akungagal on August 14, 2019, 01:35:13 PM There is no doubt that stable coins are very important. At least when you want to take a vacation and you want your money to be safe yeah, stable coins are indeed the right choice if we want to take a vacation. some people do not like stable coins because the benefits are very little even though it has been stored for a long time. but for some others stable coins are quite useful as a place to store money temporarily. Title: Re: Stable Coins Necessary? Post by: VIP BTC on August 14, 2019, 01:36:02 PM I think stable coins are needed in the world of Cryptocurrency, to maintain the balance of other coins, stable coins can be a temporary medium of exchange before we actually invest in cryptocurrency or become temporary deposits of our money in Crypto form, because stable coins usually don't experience price volatility, so your money will remain safe.
Title: Re: Stable Coins Necessary? Post by: motun01 on August 14, 2019, 02:30:17 PM In the present cryptocurrency market where it is practically impossible to predict the way the market trends will go, Stable coins are advantageous when utilizing cryptocurrencymies and especially for the traders. Consequently, I am agreeable to having a greater amount of them, so that there is a decision, and there is some sort of rivalry between them. For the present we will pick which coins will be popular, they will remain.
Title: Re: Stable Coins Necessary? Post by: Icologies on August 14, 2019, 03:18:07 PM Currently seems every project or crypto company wanna create a stable coin now, except USDT, currently we have GUSD, TUSD, PAX. But do you think it's really necessary to have so many stable coins? |