Bitcoin Forum

In this bear market, stablecoins have been on fire. With the recent news of basis going down, what does everyone think of stablecoins? Curious as to what you guys think about Ampleforth (aka Fragments aka Basis's competitor) and their model too.

I'm pretty bullish on stablecoins in general  :D

Traders panic and make rash decisions
But this usually does not end there. I suppose when the rate drops to the right price, the manipulators buy large amounts of crypt and push it up again. Inexperienced emotion traders try to regain initial losses in the second wave of growth, and eventually lose even more. The second wave in its dynamics is usually even more active and durable than the first. Using panic in the market, pampers force hamsters to buy a crypt at the peak of its value, and then sell at a low price when they fear even greater drawdown of the course. This is an interesting operation conducted by traders.

And that's exactly what's going but one thing traders forget is that stablecoins can be great for them (especially ampleforth in this case)

I think that stablecoins have a big potential. Many famous exchanges announces creating their stablecoins, like TUSD or GUSD. I think that whales have been waiting this for a long time.

I don't think stablecoins are born to invest. Instead of investing in stablecoins, why don't you keep your money in pocket? Because stablecoins are not almost stable as we know. Do you remember Tether last month?

How can you be bullish on stable coins if their only purpose is to be stable?

They just need to be reliable, that's all

Bullish on stable coins?

It's price remains $1 or if it fluctuates its around $0.99. Are you serious or trolling?

I think that whales are not interested in stable coins at all. whales are only interested in bitcoin and they want to take as much bitcoin as possible.

It seems that falling price of solid coins turn the stable coins to have better future and have great potential. There many stable coins that really have potential and I guess its worth to invest in stable coins than to the unstable coins because I guess in stable coin you can control your losses.

When we say stable coin like USDT, it is not worth for investing because it is promptly a stable value of a dollar only, it is just like your money in the pocket not gaining any profit on it.

The best coin in is not even stable.
Ever since i have been in the crypto space, i have not seen any real cryptocurrency that is stable. Even the so called coins that are called stable coins, such as tether was seen to have dropped in price at some point when it was announced that its scam. As for the coin you made mention of, i would like to see it and and then confirm if truly it is stable on not.

Stablecoins have great potential in my view. Also a stable coin is a necessity to see mass adoption in an everyday cryptocurrency, used as a transaction medium. Also a stablecoin that evolves and is linked with multiple assets, has the potential to replace gold. The use of a stablecoin is not to stay always at certain price. The tricky part is how to preserve your wealth, and there things can be really tricky...

If like that, I think that stablecoin is very suitable to be used as an alternative method to avoid market volatility.
But sometimes the price of stable coins doesn't always follow the USD because this coin is not regulated, so I still doubt.

stable coins have better potential to be used as long-term investments, even though price changes are not too significant, stabelcoin can play more safely on the market

We are not talking about invest in USDT, fiat is more preferable than it but it has used to secure our profit dude. Didn't you know about that? Crypto pegged with USD is not created for investment purpose but to provide the best way to secure the speculator's profit.

I think we need to shift how we think about stablecoins. Unlike traditional crypto where we are investing in hopes of gains, stablecoins like ampelforth are for everyday use. Not an investment, but for use.

For ampleforth, they are a solid project and I see a huge need for them especially if we have another recession

Yes, stablecoins are here for a reason. When there is a huge volatility issue in crypto price, I see it is very useful for us as investors to secure our position, especially when backing the crypto-assets value precious metals like Gold. This will help to make it more stable.. In Gigzi project, this is very doable with a treasury/vault where precious metals are saved and equivalent to the Gigzi "tokenized precious metals".. So I see a long term stability with the Gigzi project..

Even if you believe the tether FUD, there's plenty of proven stablecoins on the market with wide exchange support.
They've been the best thing about this bear market - the ability to store your wealth in crypto.
Besides, nothing beats sending stablecoins as remittance - instead of western union.

I wonder how many of these new stablecoins that have been popping up lately are actual scams.

It's hard for me to understand why there are so many stablecoins in the market. Especially now, when the scam threat of usdt has passed. On the other hand, healthy competition always benefits the market, the main thing is that they do not turn out to be scammers, because this could collapse the market.

There was a big analysis in how tether managed to manipulate the market  on the bull run of Bitcoin. Maybe they did but it seems they are fully backed by physical assests. Stable coins are really important for growth of crypto

The emergence of stable coins tied to Fiat inflationary currencies is caused by the bearish market, as then the problems of traditional cryptocurrencies with the market rate became obvious. Investors and traders will have much more opportunities to preserve their investments. I think these coins will be the first candidates for use as money.

stable coins are important for crypto as much as water is crusial for the life on earth. without stable coins it is impossible to hedge the risk of price decrease in the crypto market

it is quite possible that they will be used only as for everyday use. It is unlikely that it can be as a whole currency. It won't have bitcoins functions. Maybe Stablecoins is a temporary solution until Bitcoin will stabilize.

But will bitcoin ever stabilize since it has a limited supply?

I just posted about ampleforth as a good solution to the stablecoin dilemma. I like their model and how they approach it. We all need stablecoins for trading and remittance. There's no denying that

Well, in the market I seriously don't understand that when a lot is stablecoins , I have enough 2-3 alternative coins and I think will continue Supersaturated the market for these coins )

I think stable coins are USDT, trueUSD etc, where its market value is not much affected by the market decline. And, I cannot see some rise and fall of these stable coin at the moment. Still remaining to 1 dollar at its value.

One should always remember that Market is very Volatile, it is unpredictable, yes, price value goes up and down as we experienced on the recent market crypto status as posted. But market correction always follows after the drops..

lol, we dont need that shit, you have other alternatives like usdt/truebtc/tether.

Not the biggest fan of fiat coins like tether since they're basically anti-crypto. Heard about ampleforth a year ago (when they were fragments) and they provide a unique solution to providing stability. Even backed by pantera and their team is from google and uber

I find it funny when people look at tether as the ultimate stablecoin when it's really just a bank lol.

I think as times go on there will be a bunch of stablecoins flooding the marketing, but the ones with true practicality will live on. Pretty bullish on ampleforth

Do not trust too much in centralized stable coins as we could never know 100% if they are fully backed with Fiat. I like decentralized stable coins like DAI which has an interesting incentivizing mechanism  without being backed by Fiat. By the way, Coinbase listed DAI two days ago.

I like stable coins. This is not exactly a cryptocurrency, since they cannot bring us profit. However, they create ease of use of cryptocurrency. Stable coins actually in some cases become a buffer between cryptocurrency and fiat, and in others - a good settling tank when it is urgent to withdraw funds from one cryptocurrency, but it is not yet time to invest these funds in other coins, and withdrawing funds to fiat is not practical.

The ups and downs of stable currencies are often related to changes in the market. The rapid depreciation or appreciation of the cryptocurrency market will change the price of stable currencies, especially when the cryptocurrency market suddenly falls, the effect of stabilizing the currency is the biggest, but it will only be short-lived. The market will recover quickly.

i have seen many others who made similar remarks about stablecoins. and i still don't get what they mean by it!
at first i though it is some sort of investment in their business like fundraising to publish the stable coin but i found out that is not the case and i still can't think of any other reason why people would say that.
i even saw someone who said he was "investing in them to make profit"!!!!

Wait- what? What stable coins? I haven't heard any stable coins in the market since all of them are volatile where in after a few days they're on fire raging up its price and look today the price is rolling like a stone downwards the only stablecoins I know are the shitcoins which prices stays at 0.00000001BTC

For me, the stablecoin does not give a large profit, but investing in stable coin has a very little risk of loss. this type of crypto is not suitable for trading. they only deserve to be used as tip payments.

Let's be honest, it is not that the altcoins are really dying out they are the way they are right now because the entire market is in a bear market. Give it some time and let the market go into another bull and you are going to see just how well the coins are going to do once they start to hit those new all time highs, it is just a matter of time

For your information, there is no kind of coin which is stable as fiat. Even if there is a token who represent a fiat like USDT, it can move to $1.1 or $0.9, not always $1.

Stable coins was a great idea at the start and some of them like USDT or USDC has already a good volume and owners receive nor bad dividents for that. But looks like today born to lot of new stablecoin. Some people say's that we dont need such kind of coins.

Those stable coins that are now on the market are very popular, but every day the investor is looking for such an asset as a tether, so that there is no influence of bears and volatility.

It depends on what stable coins mean! Whales want to take profits for the new year, so we see these growth flashes of many coins, I think everything will decline soon!

Stablecoins are as stable as their pegged fiat currencies. If the math is correct they should rise or fall in relation to their corresponding fiats.

Do whatever you do the price of a stable coin is always be like any fiat maybe its USD OR EURO. Yeah for sudden bullish or bearish market sometimes we a little change of stable coin. But that is ignorable. Many stable coin is backed so wherever it goes it will come to its price where it pegged. So don't bullish on stable coin cause it is not planned for investment. Better keep your money in fiat better than investing in stablecoins.

even the price for stablecoin are down, they are backed by FIAT and in little time the price are stable again although bearish attacked again and again stable coin too strong.

and yes stable coin is very populer for now, many corporation trying to create their own stablecoin, and make investor take the chance for making profit from them

Yes I agree. Ampleforth proves a great solution for bear markets and volatility. Pretty awesome team and backed by Pantera too.

i am anti fiat coins lol. been rooting for ampleforth (or fragments) since march of this year  :D

Stable coins are needed because of the huge volatility of the market. They are especially useful during the bear market, when many traders are shorting their coins.
When the market is stable anyway that is not a big benefit of them.

What are your thoughts on Ampleforth's elastic supply model for everyday use? https://www.ampleforth.org/

did you guys see this on coindesk?? https://www.coindesk.com/the-true-crypto-alternative-to-government-money

Nice. Thanks for sharing

I honestly think we need to re-classify stablecoins. there's so many of them and they're all different from each other.

In this kind of bearish market, I don't think that the stable coins also can survive at all. Well, I mean that it is not only about the stable coins. It is about how this market will progress. I really hope that especially the stable coins can survive and then make certain significant progress to up. This has the chance and we need to support them.

stable coins are just for locking profits, its our protection to crypto volatility. So they are not a kind of investment because it will always remain 1$, But i am not saying that you cant make money holding it, once it drops about .98$ assume the price will back up to 1$ so you can make less money there.

Stable coin can be a good choice to hold for a long time, since their price less likely to drop in a significant amount.
What in my mind is if we wish to keep our fund safe, but it doesn't has a big chance of high increase, then stable coin can be choose for it.

Stable coins, at least it wouldn't go down very fast like other coins. That is why it still can be choice to do investment when this bear time come. But, risk is still come to it, risk is always come to everything that we do.

You can buy stablecoin and hold when the market collapses. Of course the value of stablecoin is always $ 1 so your money will not be lost, Hold and wait for the purchase of cheap altcoin. That's why people love using stablecoin in the bear market

How can stable coins possible go rise and fall? It's quite opposite to happen that the word "stable" is going to fluctuate or change. Well, I guess the market cap is the factor not the market price? I don't know if I am correct.

I am a trader and the role of stable coins is necessary for me to make a change when the price of bitcoin and altcoin falls, I tend to change direction to buy stable coins when that happens and return to selling when the crypto price starts to improve. surviving the changing market conditions is needed to continue to get the profit we get

If the coin goes up and down, this is normal but looks stable, because it's not as sharp as other altcoins.
The development of stable drugs such as fiat and this is very good for long-term investment.

I thought that stable coins are called stable, because they are based by some fiat currency and that are always on the same level as USDT for example. Despite some price movements it always gets back to 1 USD per token.

every stablecoin is different in how they maintain stability. what we need more of would be audits on these stablecoins.

saw that ampleforth recently got theirs: https://www.ccn.com/ampleforth-stablecoin-improves-security-after-audit/

I like stablecoins like TUSD and USDC as they are audited and helps preserve the value of my coin portfolio in USD.
I'm not a fan of USDT but if not for it, I would have been wiped out last 2018.
Thank you stablecoins!

yes stable coins can survive because they arent dumping just like what we have on cryptos but you cant also expect a good profit on them because they are stable anyway but i got your point dude  . you are worrying that stable coins could also die if the market wont progress or recover which isnt true at all  . cryptos are progressing despite their price reductions   .  for sure stable coins will also get popular due to the unstability of cryptocurrency  .

I think stable coins can be our solutions in the unpredictable market right now because if we can get a profit and exchange it into USDT or USD, we are not going to lose in a big amount. I realise that the stable coins can increase and decrease, but the change of the price is not bigger than bitcoin and altcoin. So maybe we can try to exchange into USDT or USD after we got a profit.

Yes, stable currency is a medium for the cryptocurrency market. Its meaning is crucial, so stable coins are usually safe. The birth of stable currency helps to better grow the cryptocurrency market.

I never invested in any stable coin, so I don't really care about the price. But in my opinion, we don't actually need any stable coin. I mean why do we need stable coin? payment? we can use fiat, and there are so payment method that based on Fiat like PayPal, Skrill, etc. Stable Coin for investment? why do we need to take more risk by investing in crypto project that only relies on commodities/fiat, when we can actually invest on those commodities and fiat.

Stable coin is should be listed and tradeable on the exchange as diversion risk, when all crypto dumped our fund will be safe in stable coin because the price stagnan with very low volatility. According to market cap of each stable coin, USD Tether still become the most popular one, but now more new stable coin that more legit and auditable listed on the market, this is will make better ecosystem for crypto market.

Stable coins are those that are able to automatically and successfully manage market pressure without price fluctuations, despite, say, a bear market. They are necessary to provide a stable benchmark for the market and transaction security.

as for me stablecoins are just a tool for deposits and money withdrawals because many exchanges don't work with fiat money.

I think stable coins will be interesting only for states, as for coins that have a fixed price!

Exactly. I only look at audited stablecoins like trueusd and ampleforth.

if I argue,
I only see stabel coins only owned by USDT or TUSD,
this is because when the market goes down, the two coins actually go up, and when the market goes up, these coins sometimes go down, even a little,
and this is what keeps the two coins stable.

Stable coins does look to have a safer space to make an investment on, since from what i know, the fluctuation on the stable coin isn't like the other altcoins that could fluctuated in a big number. But it can be hard to gain many profit compared to the other altcoin.

Stable coins can be a good substitute for fiat money, so I think that it is quite possible in the near future!