Bitcoin Forum

Alternate cryptocurrencies => Altcoin Discussion => Topic started by: hamaravijay on April 17, 2020, 04:56:12 PM



Title: What is your opinion on stable coins?
Post by: hamaravijay on April 17, 2020, 04:56:12 PM

Hello Crypto friends!

Recently i have known about tether and also facebook libra.

Is those worth investments or waste investments.......?

Because if facebook libra is stable coin then it is wrong investment choice because many crypto investors look for profit coins i mean unlike stable coins they will like coins which get profits.


In my opinion stable coins are bad to invest.

But facebook will change their decision regarding the libra stable coin or the libra coin will also like another tether.

Thanks!


Title: Re: What is your opinion on stable coins?
Post by: cytpoway121 on April 18, 2020, 08:48:18 AM
Well you need to understand stable coins specifications well.

Stable coins are not a form of trading markets; to me, stable coins are a store of wealth so that either today or 10 years time your 99.99$ will remain 99.99$.

Traders most time convert their profits to Stable coins.
While investor hodl stable coins while waiting for an investment opportunity in the altcoins market.

Stable coins are fiats, tusd, busd, usdt etc


Title: Re: What is your opinion on stable coins?
Post by: passwordnow on April 18, 2020, 09:25:05 AM
They are stable coins and that means they are not investments because they don't increase their value. The price is always to be at the ranges of $0.99 - $1.0xx.
You have already said it that they are bad investments but you need to realize first that they are not investments but just a medium to avoid the volatility of your coin like bitcoin, Ethereum and others.


Title: Re: What is your opinion on stable coins?
Post by: Teraboy on April 18, 2020, 09:29:22 AM
Stable coin can be considered as an alternative form for the fiat currency in the crypto ecosystem and it has a purpose to be an alternative payment system too. It will never become an invesment consider the value of stable coin was pegged to the fiat currency that used to backed the stable coin itself. You should search another coin.


Title: Re: What is your opinion on stable coins?
Post by: noorman0 on April 18, 2020, 09:33:01 AM
During this time I doubt that Facebooks' Libra is included in cryptocurrency (https://www.youtube.com/watch?v=cB4QftOuUDg) and is an asset that is really safe to hold regardless of whether the coin is stable or not. Because, Libra uses guarantor assets in the form of government bonds to bank deposits.
source: https://www.cnbcindonesia.com/tech/20200304175815-37-142538/apa-kabar-uang-facebook-libra-pesaing-bitcoin

_snip_
In my opinion stable coins are bad to invest.
Not all stable coins are bad to invest. There are several types of stable coins supported on have haven assets such as Gold.storage (https://bitcointalk.org/index.php?topic=5161544.0) which are supported on gold.
I think you can distinguish the benefits of investing in fiat and gold.


Title: Re: What is your opinion on stable coins?
Post by: memed97 on April 18, 2020, 09:57:26 AM

Hello Crypto friends!

Recently i have known about tether and also facebook libra.

Is those worth investments or waste investments.......?

Because if facebook libra is stable coin then it is wrong investment choice because many crypto investors look for profit coins i mean unlike stable coins they will like coins which get profits.

In my opinion stable coins are bad to invest.

But facebook will change their decision regarding the libra stable coin or the libra coin will also like another tether.

Thanks!
The Libra Token from Facebook has not yet opened its price, so how can investors make investments there? and for a stable token it is indeed not appropriate to be used as an investment, but there is no risk for loss, so a stable token is more suitable to be used to store our assets in the market for a while.


Title: Re: What is your opinion on stable coins?
Post by: Becky666 on April 18, 2020, 10:01:54 AM
Stablecoins are the safety lands for investors who are trading altcoins especially. Stabelcoins help to reduce risk of looses if anyone have to be success in either trading cryptocurrency or investing into cryptocurrency. Personally, am a fan of stablecoins because am a trader and also, a potential cryptocurrency investor. During the bear market I usually have my ways in keeping my profits, if not all my portfolios into stablecoins to save lost either in a long-term or short-term purpose. Though, this method has helped me save many unforseen circumstances which would have lead me to lose.


Title: Re: What is your opinion on stable coins?
Post by: Little Mouse on April 18, 2020, 10:26:04 AM
What's the difference between a stable coin and tether, tether is another stablecoin. This does not make any sense to invest in stable coin. It can get changed less than or around 1% within 5/6 months, suddenly.
Stablecoins are good for people who used to trade regularly, they can fix their ROI in a downward market.


Title: Re: What is your opinion on stable coins?
Post by: CryptoTech_ on April 18, 2020, 10:36:26 AM

Hello Crypto friends!

Recently i have known about tether and also facebook libra.

Is those worth investments or waste investments.......?

Because if facebook libra is stable coin then it is wrong investment choice because many crypto investors look for profit coins i mean unlike stable coins they will like coins which get profits.


In my opinion stable coins are bad to invest.

But facebook will change their decision regarding the libra stable coin or the libra coin will also like another tether.

Thanks!
Stable coins are not for investment, but only to secure your assets if you think the coins you invest in will fall in price. If you invest in stable coins you will not get a profit.


Title: Re: What is your opinion on stable coins?
Post by: NavI_027 on April 18, 2020, 10:53:54 AM
Mate can you please clarify further. I can't understand few parts of your post.

Anyway, if I will choose between tether and libra, I will go definitely with tether. Aside from the fact that it was Ranked 4 at the moment (based on CMC), it has also a good reputation whoch is somehow opposite to Facebook's Libra. Yeah! I know it was well known and came from a large company but its name was put on a controversy thus having now a little bit bad image ;D.


Title: Re: What is your opinion on stable coins?
Post by: 20kevin20 on April 18, 2020, 11:00:16 AM
Stablecoins are not changing in price, so they're as good as an investment as holding USD in your bank account is. In fact, stablecoins may be even worse due to the centralized aspect of them.

They can be used to, for example, swap from BTC to USDT if you are predicting that BTC is going to have a crash. In other words, it's like selling BTC for USD but without having to send and move any amount through any of your bank accounts. For short term trades, it's fine.

It's much easier to go through a stablecoin than through fiat (and removes possibilities such as having your bank account question your crypto moves), but stablecoins are usually critiqued because they aren't really cryptocurrencies but more of a portal between crypto and fiat..


Title: Re: What is your opinion on stable coins?
Post by: Japinat on April 18, 2020, 11:28:08 AM
Libra was not launch yet and I don't think they are already open for crowdsale, and I think what you've mentioned are stable coins, therefore you can't invest on it. Libra will be a big project but I think they have an investors already, they are called private investors, so there's no chance for us to invest.

I suggest you look for other potential altcoins, or invest with bitcoin as there's a big chance you'll be profitable when the market starts to be bullish.


Title: Re: What is your opinion on stable coins?
Post by: poodle63 on April 18, 2020, 11:52:03 AM
Investing bitcoin is basically the same as investing to USD if the stablecoin is pegged to USD. It just hold no difference since the main reason why stablecoin exist in the first place is due to people demanding a way to save their money from the volatility of crypto not the other way around. You might aswell buy USD at this point.


Title: Re: What is your opinion on stable coins?
Post by: Angemas on April 18, 2020, 12:13:40 PM
Stable coin is not for investment, and yes is waste your time if you doing that, For me Stable coin only for convert my profit, Nothing more and nothing less.


Title: Re: What is your opinion on stable coins?
Post by: shadowdio on April 18, 2020, 12:45:30 PM
Of course, You can not make money with stable coins, you should go volatile coins like bitcoin, etheruem, litecoin etc.. About Libra coin seems it is just a dream, I don't think if they can launched libra coin this year. 


Title: Re: What is your opinion on stable coins?
Post by: minairia3 on April 18, 2020, 12:56:46 PM
Stablecoin is used as a balance tool for market indicator. If other cryptocurrencies are down you can buy using tether and if the market is high you can sell it for stablecoin. It seems like you are using a direct converter as this is pegged on price of US also but it is not back up by US dollar. Im saying stablecoins are not minted for investment that you will hold and sell like stocks and other crypto but only a coin that will help you when you trade.


Title: Re: What is your opinion on stable coins?
Post by: X-ray on April 18, 2020, 01:07:29 PM
What's the difference between a stable coin and tether, tether is another stablecoin. This does not make any sense to invest in stable coin. It can get changed less than or around 1% within 5/6 months, suddenly.
Stablecoins are good for people who used to trade regularly, they can fix their ROI in a downward market.
There was no differences between stable coin and tether, tether is a stable coin team and it's the same as another stable coin like USDC or something else. OP must need to learn more about what was the real definition of the stable coin. It looks like he was a newcomer in the cryptocurrency. that being said if OP needs more time to know the differences and the usefulness of stable coin.


Title: Re: What is your opinion on stable coins?
Post by: masterrex on April 18, 2020, 01:33:19 PM

Hello Crypto friends!

Recently i have known about tether and also facebook libra.

Is those worth investments or waste investments.......?

Because if facebook libra is stable coin then it is wrong investment choice because many crypto investors look for profit coins i mean unlike stable coins they will like coins which get profits.


In my opinion stable coins are bad to invest.

But facebook will change their decision regarding the libra stable coin or the libra coin will also like another tether.

Thanks!
You are right in some points, all those fiats backed stable-coins are not a good investment because it will not give you much profit. If that is what you mean, but if you are using the fiat back stable-coins for trading will it is not bad at all, since it can be traded in other stable-coins also, But there is another form of a stable-coin that was backed by 99.99% pure gold Like Gold Storage (Gold Token) if you ask me? I think it was a good investment because it was backed by real gold, with a real-time verifiable Gold Bullion storage in the BullionStar vault in Singapore and its price was pegged to the Gold market price. and it has good liquidity but you need to make up your mind if you need to invest in the volatile cryptocurrency or in the stable-coins back by gold, it's all up to you.


Title: Re: What is your opinion on stable coins?
Post by: hamaravijay on April 18, 2020, 01:41:32 PM
Stablecoin is used as a balance tool for market indicator. If other cryptocurrencies are down you can buy using tether and if the market is high you can sell it for stablecoin. It seems like you are using a direct converter as this is pegged on price of US also but it is not back up by US dollar. Im saying stablecoins are not minted for investment that you will hold and sell like stocks and other crypto but only a coin that will help you when you trade.


so you mean we can hold usd when ever we want to buy any crypto so we can use our stable coins right rather then depositing every time from our bank account..........?


But stable coins will same as like dollar......?


Title: Re: What is your opinion on stable coins?
Post by: ethereumhunter on April 18, 2020, 01:49:06 PM
I don't use stable coins as the investment because if I take a look at the price, the price is not increase too higher, and if the price is decrease, it will not too deep. Besides that, I feel it is difficult to make a big profit from the stable coins, and it is better to make the profit from the other coins. But the stable coins can be a good way to store your money in case if the market is down so your money will not decrease too deep.


Title: Re: What is your opinion on stable coins?
Post by: Review Master on April 18, 2020, 02:06:19 PM
What's the difference between a stable coin and tether, tether is another stablecoin. It can get changed less than or around 1% within 5/6 months, suddenly.
There was a mistery/incident which is the reasons for the up&down price movement of tether. Basically, stablecoins are backed by real money in bank or reserve system. Also, ifinex is a parent company of bitfinex and tether. In the begining, bitfinex gives $850 million dollar to CryptoCapital to help them for making transection in banking sectors for the usd withdrawals from their exchanges. But, the ceo of cryptocapital charged for frauding in USA because he told all the banks that all the funds are using for real estate business. As a result, all the funds locked as a illegal money and bitfinex don't have the capital to run the transections. So bitfinex loaned $850 million usd from Tether reserved and used to run the transections. So, tether is not fully backed by real usd according to the last reports of bitfinex and it's only 75% backed by the real usd. That's why we see that tether's price is fluctuating every now and then. In this point, i want to mention all that bitfinex annouced an ieo of "LEO" coin after all of that mistery/incidents to rise $1 Billion worth of funds and maybe from that funds , they returned the amount of $850 million which was loaned from Tehter.



Title: Re: What is your opinion on stable coins?
Post by: fenixosup on April 18, 2020, 02:15:55 PM
Stablecoins are stable. Its not investment, they will always have the same price


Title: Re: What is your opinion on stable coins?
Post by: Samayuki on April 18, 2020, 02:17:10 PM

Hello Crypto friends!

Recently i have known about tether and also facebook libra.

Is those worth investments or waste investments.......?

Because if facebook libra is stable coin then it is wrong investment choice because many crypto investors look for profit coins i mean unlike stable coins they will like coins which get profits.


In my opinion stable coins are bad to invest.

But facebook will change their decision regarding the libra stable coin or the libra coin will also like another tether.

Thanks!
Wonder how it's possible that one can invest on stable coins, these type of coins remain at the same state for ever, they are only good for storing values and trading, they aren't like bitcoin and altcoins


Title: Re: What is your opinion on stable coins?
Post by: wozzek23 on April 18, 2020, 02:39:31 PM
In my opinion stable coins are bad to invest.

But facebook will change their decision regarding the libra stable coin or the libra coin will also like another tether.
Yes, stablecoins are not for investment purposes because they will not grow in its value and always its value is fixed. But, you can use stable coin for locking your profit while trading. It means you can go for shorting even in spot market with the help of stable coins. Stable coins are just the derivative and crypto format of fiats. So, you can use them wherever you have been using fiats so far. Are you using your fiats for investment like by holding the fiats?

Coming back to the facebook's libra, we cannot predict what are the decisions their management will be taking. So, libra may remain as stable coin or may have variable value; we cannot say anything now itself.


Title: Re: What is your opinion on stable coins?
Post by: H1N1 on April 18, 2020, 03:15:09 PM
I don't know about facebook libra, but on the other hand, usd tether is the popular stable coin in cryptocurrency.
You don't need to invest on stable coins because their value won't change, they are stable.
Better to search for another project to invest, stable coins are only the medium to convert crypto value to real money.


Title: Re: What is your opinion on stable coins?
Post by: BlackFor3st on April 18, 2020, 03:18:34 PM

Hello Crypto friends!

Recently i have known about tether and also facebook libra.

Is those worth investments or waste investments.......?

Because if facebook libra is stable coin then it is wrong investment choice because many crypto investors look for profit coins i mean unlike stable coins they will like coins which get profits.


In my opinion stable coins are bad to invest.

But facebook will change their decision regarding the libra stable coin or the libra coin will also like another tether.

Thanks!
Stable coins have their own purpose and investing to it is not an option because even if it will take years, the movement of stable currencies are very small like only cents. Of course we can say that stable coins are bad to invest as it will not give you a profit that much compare to other currencies that are not stable but when the market crashes the stable currencies are good as scapegoat for investors.

They can just sell their assets and convert it to stable currencies while waiting for the chance to buy back again and profit in the long run.


Title: Re: What is your opinion on stable coins?
Post by: FairUser on April 18, 2020, 03:20:43 PM
Stablecoins will always be stable over time, It's like Fiat in our lives. And the people who create it don't need profit, so you don't need to invest in it. Stablecoins will keep us safe whenever the market collapses because its price will not be affected by any reason.


Title: Re: What is your opinion on stable coins?
Post by: mersal on April 18, 2020, 04:44:35 PM

Hello Crypto friends!

Recently i have known about tether and also facebook libra.

Is those worth investments or waste investments.......?

Because if facebook libra is stable coin then it is wrong investment choice because many crypto investors look for profit coins i mean unlike stable coins they will like coins which get profits.


In my opinion stable coins are bad to invest.

But facebook will change their decision regarding the libra stable coin or the libra coin will also like another tether.

Thanks!
Facebook didn't lauch their project called libra to the public yet since they have issues with regulating their coin with different governments.

While tether is well known stable coin and most widely used crypto stable coin in the recent time and importantly its daily trading volume surpassed bitcoin value as well but as an investment its stupid idea, because the value is going to stable so you are not going to get any returns by holding a stable coin.


Title: Re: What is your opinion on stable coins?
Post by: South Park on April 18, 2020, 04:44:44 PM

Hello Crypto friends!

Recently i have known about tether and also facebook libra.

Is those worth investments or waste investments.......?

Because if facebook libra is stable coin then it is wrong investment choice because many crypto investors look for profit coins i mean unlike stable coins they will like coins which get profits.


In my opinion stable coins are bad to invest.

But facebook will change their decision regarding the libra stable coin or the libra coin will also like another tether.

Thanks!
Stable coins are not really used as an investment they are used as a way to technically get out of the market of cryptocurrencies without actually getting out, in the past when those coins did not exist your only choice if you wanted to get out of the market was to sell your coins for fiat, but in order to do that you needed a bank account and a bank willing to accept such transactions, but when those coins appeared you could sell for something similar to fiat and you will not need the approval of any bank, and if you wanted to get back in the market this could easily be done at a low cost, as such stable coins are nothing more than a necessary evil.


Title: Re: What is your opinion on stable coins?
Post by: kindbtc on April 18, 2020, 04:49:19 PM
Yes i agree with you if you truly think that crypto is the future then even holding stablecoins is never a good idea but i think it can only be used as a hedge or to buy crypto from dip at cheaper price, stablecoins are not good for investment.


Title: Re: What is your opinion on stable coins?
Post by: isaac_clarke22 on April 18, 2020, 06:11:25 PM
They're both, because it depends entirely on your rationality to invest in these. Most known stable coins that I've come across was USDT also known as Tether.
I haven't really invest in it that much back when I was trading because it is pretty much just a dip for me to learn the ropes behind trading in Binance.
Not sure about Libra though, they haven't launched it but there was little to no update of the project so far and people are kinda thinking that it was probably cancelled but it is really not. Maybe Zuckerberg isn't just that pushing that project that much because it has plenty of competitors especially that there are plenty of popular crypto coins we already got and listed.


Title: Re: What is your opinion on stable coins?
Post by: Chuky92 on April 18, 2020, 06:29:23 PM

Hello Crypto friends!

Recently i have known about tether and also facebook libra.

Is those worth investments or waste investments.......?

Because if facebook libra is stable coin then it is wrong investment choice because many crypto investors look for profit coins i mean unlike stable coins they will like coins which get profits.


In my opinion stable coins are bad to invest.

But facebook will change their decision regarding the libra stable coin or the libra coin will also like another tether.

Thanks!

Actually stablecoins are not bad to invest, however just like the name says, it is stable which means it doesn't grow in value or price. Stablecoins are not bad because without them, I just can't imagine what will happen when there is bear market; they are used to save funds from the volatility of the crypto space, so I don't think they are bad. On the other hand, when someone want to invest with the mindset of having profit, then stablecoins can't work rather other coins like BTC etc should be focused on. If you are after profit, checkout other coins but if you want to hold your funds against volatility, then go for stablecoins.


Title: Re: What is your opinion on stable coins?
Post by: jostorres on April 18, 2020, 08:06:07 PM
You would think that stablecoins do not change in price but that is only available until you really trust them, the moment people start to not trust them do you really think there is anything keeping the prices there? I can honestly tell you that if everyone who owns usdt starts selling it in the next 48 hours, we are looking at usdt becoming under 50 cents right away. Why would anyone sell something that worths 1 dollars to under 50 cents and why would anyone let that arbitrage chance go to waste?

Well simple really, what happens if Tether the company comes out and says that they are no longer paying people 1 dollars for 1 usdt and they are stopping all operations? Don't tell me it is impossible because a lot of weird stuff happened in crypto so anything could happen.


Title: Re: What is your opinion on stable coins?
Post by: naureen978 on April 18, 2020, 08:57:47 PM
Well you need to understand stable coins specifications well.

Stable coins are not a form of trading markets; to me, stable coins are a store of wealth so that either today or 10 years time your 99.99$ will remain 99.99$.

Traders most time convert their profits to Stable coins.
While investor hodl stable coins while waiting for an investment opportunity in the altcoins market.

Stable coins are fiats, tusd, busd, usdt etc

I'm agree with cytpoway121, stable coins are not for trading or holding to get profit from it but they  offers investors and user prospect of a safe haven when markets are volatile as well as they offer a quick way to enter or exit from high volatile assets.




Title: Re: What is your opinion on stable coins?
Post by: gundala on April 18, 2020, 11:22:31 PM

In my opinion stable coins are bad to invest.

Basically the main function of stable coin is not for investment, I think. The price tends to be constant, low volatility, the need for changes and extreme events that can move the price as in March, when BTC and altcoin dropped so deep, stable coin prices rose. That is caused by most investors securing their assets from extreme markets.
Stable coins are more effective as an alternative payment. Stable coins offer transparency, security, fast transactions, low fees, and privacy with guaranteed trust and price stability that is used as a reference, like dollar (USDT).


Title: Re: What is your opinion on stable coins?
Post by: Nasonn on April 19, 2020, 12:03:45 AM
No. Stable coins do not give you any profit even after many years. Their price is stable to some extent nt the reason its named stable coin. Tether remains around $1 or a little bit below this mark. It never surpasses it to jworth 2+$2 irrespective of how bullish the market is.


Title: Re: What is your opinion on stable coins?
Post by: lepbagong on April 19, 2020, 02:22:48 AM
No. Stable coins do not give you any profit even after many years. Their price is stable to some extent nt the reason its named stable coin. Tether remains around $1 or a little bit below this mark. It never surpasses it to jworth 2+$2 irrespective of how bullish the market is.

As I said, stable coin can give profits if the fiat coin used to buy the stable coin losts value
For example, I live in Brazil and we use BRL, and I need 5 BRL to buy 1 USDT for example, and if I buy 100 USDT and one month later I need 6 BRL to buy 1 USDT it's a profit situation

So it's wrong to say we can't have any profit with stable, but it's not recommend, there are easier and better solutions to buy USD for example

understanding stable coins which I believe is if the coin falls one day but can quickly come back again. so if we can analyze it well and act quickly then it is certain that a stable coin will provide a profit value as well. but if it's altcoin obviously the profit value isn't much different if you hold bitcoin. bitcoin is currently stable, can go down with a decent value but in a few hours can go back again to the previous value, if you can anticipate it can definitely get a big profit.


Title: Re: What is your opinion on stable coins?
Post by: Ridwan Fauzi on April 19, 2020, 04:56:35 AM
Do you call store money on bank account is investment?

I mean, the money will increase it value when you hold it several months or a years?

I think money fiat aka stable coin is not an investment place it is just a store value. You have to make a decision to come to this place, choosing an investment place or you just store a value as your saving place?

I'll be prefer to choosw bitcoin or altcoin when I came to this place. Crypto currency can be made as an investment and as payment system as well. But since I just make a payment system through money fiat I'll be prefer to choose an altcoin for investing.


Title: Re: What is your opinion on stable coins?
Post by: CaVO32 on April 19, 2020, 05:10:10 AM
No. Stable coins do not give you any profit even after many years. Their price is stable to some extent nt the reason its named stable coin. Tether remains around $1 or a little bit below this mark. It never surpasses it to jworth 2+$2 irrespective of how bullish the market is.

As I said, stable coin can give profits if the fiat coin used to buy the stable coin losts value
For example, I live in Brazil and we use BRL, and I need 5 BRL to buy 1 USDT for example, and if I buy 100 USDT and one month later I need 6 BRL to buy 1 USDT it's a profit situation

So it's wrong to say we can't have any profit with stable, but it's not recommend, there are easier and better solutions to buy USD for example

what you give is a simple example how you can profits from this stable coin. but for those wanting larger profits, don't expect it from stable coins as they have very little fluctuation in its value. Also, not all stable coins here have real backing of their respective fiat currency. So you need to be very careful about these stable coins, as they may fall down anytime when the team behind it decide to stop their development or one of the team members decided to run away with large amount of coins and sell it to the market.


Title: Re: What is your opinion on stable coins?
Post by: mahilchii on April 19, 2020, 05:35:53 AM
Well, stable coins was developed only to reduce the price volatility. Some stable coin like tether is traded below $1 and some are directly converted to USD,  and others manipulate their own tokens to change its value to 1$ during pump and dump. The key factor on stable coins is it's volatility it's highly contagious.



Title: Re: What is your opinion on stable coins?
Post by: LbtalkL on April 19, 2020, 05:38:48 AM
I don't like how they are printing stablecoins it is just like printing FREE money, and the only that benefits are the company. They are making themselves instant millionaires or maybe billionaires. There are rumors that it has been used to pump and dump the cryptocurrency market. Now we have so many stablecoins and many are planning to make their own. But stablecoins are useful in trading and minimize loss when the market crash.


Title: Re: What is your opinion on stable coins?
Post by: joshua123 on April 19, 2020, 07:01:07 AM
Also, not all stable coins here have real backing of their respective fiat currency. So you need to be very careful about these stable coins, as they may fall down anytime when the team behind it decide to stop their development or one of the team members decided to run away with large amount of coins and sell it to the market.
If there is a real backed up by their own currency fiat then everyone will be fond of using that. Even the famous usdt are not acknowledge by the US. This is own by a private company so the risk here is the same with other tokens and everyone knows that even they hold their stablecoin they will not see it grow as its description truly for that purpose. They will not be called stablecoin if they move too fast.


Title: Re: What is your opinion on stable coins?
Post by: miklesm on April 19, 2020, 07:31:23 AM
I think stablecoin is a good way to move fiat equivalents to blockchain, but the think I do not like about top stablecoins like USDT and USDC it that they can block funds on any addresses in Ethereum blockchain, which is a rude violation of cryptocurrency basics.


Title: Re: What is your opinion on stable coins?
Post by: thisnewcoin on April 19, 2020, 08:17:37 AM
Stable coins are not for investment, because they are not profitable, your investment would stay at one place! Usually, People do trades or convert crypto into stable coins to avoid the dump in their asset! No one invests in USDT for hodl, so you shouldn't buy the Libra coin for an investment purpose, this is another stable coin like others!


Title: Re: What is your opinion on stable coins?
Post by: Japinat on April 19, 2020, 09:27:36 AM
Stable coins are not for investment, because they are not profitable, your investment would stay at one place! Usually, People do trades or convert crypto into stable coins to avoid the dump in their asset! No one invests in USDT for hodl, so you shouldn't buy the Libra coin for an investment purpose, this is another stable coin like others!
I think people will think that USDT is not an investment as the name itself, you can tell the obvious.
However, for Libra coin, they might think it's an investment because it's created by facebook and it's a big company, so hopefully they'll understand that as usually those who does not have enough knowledge are the ones that will easily be scam in the market, and there are scammers out there marketing fake Libra project for investment.


Title: Re: What is your opinion on stable coins?
Post by: PlayFuel_Official on April 19, 2020, 10:04:15 AM
Stablecoins are showing less volatility in the market. As we all know, COVID19 has brought the economy into crisis. But despite this situation, the price and market performance of stablecoins were higher than normal altcoins; even reaching a market cap of $8 billion this month. As stablecoins perform well, talks about central bank digital currencies (CBDC) are also heard from various countries. PlayFuel (http://www.playfuel.io) may not be categorized as a stablecoin and yet it shows price stability in the market. With high trading volume and many active markets, the liquidity of PLF is steady than other gaming cryptos.


Title: Re: What is your opinion on stable coins?
Post by: trauchot on April 19, 2020, 10:10:23 AM
I have nothing against stable coins, on the contrary, I’m very glad that there are stable coins like tether, because when the cryptocurrency market falls, you can hold all your investments in tether and you can survive all the cryptocurrency market falls and therefore change tether back to the cryptocurrencies you need.


Title: Re: What is your opinion on stable coins?
Post by: oscarftw on April 19, 2020, 04:47:02 PM

Hello Crypto friends!

Recently i have known about tether and also facebook libra.

Is those worth investments or waste investments.......?

Because if facebook libra is stable coin then it is wrong investment choice because many crypto investors look for profit coins i mean unlike stable coins they will like coins which get profits.


In my opinion stable coins are bad to invest.

But facebook will change their decision regarding the libra stable coin or the libra coin will also like another tether.

Thanks!
Stablecoin isn't bad investment for all time, especially during in fallen price. We do investment for our profit than why are you asking about tether, tether is stable coin by coinmarketcap in history. Libra will be another stablecoin so there will be worth investment. Do more research to make any investment, or check from coinmarketcap. Almost more than 6 stable coin has in coinmarketcap, stablecoin is for frozen your investment.


Title: Re: What is your opinion on stable coins?
Post by: TheGreatPython on April 19, 2020, 04:51:37 PM
for Libra coin, they might think it's an investment because it's created by facebook and it's a big company, so hopefully they'll understand that as usually those who does not have enough knowledge are the ones that will easily be scam in the market, and there are scammers out there marketing fake Libra project for investment.
So far, libra is announced as a stablecoin but they may change their plans as USA government is more strict above regulations when there is a replacement for their dollars from a big company like facebook. But, government will not bother libra when it will be just another derivative instrument like bitcoin or stocks.

No one (including facebook) can do anything about someone will be trying to scam in the name of libra because it is individual's responsibility bout being secured against scammers. Facebbok may come to help to fight against such scammers legally but we should not provide rooms to scammer at first hand.


Title: Re: What is your opinion on stable coins?
Post by: Rafiqul on April 19, 2020, 06:10:21 PM
Well you need to understand stable coins specifications well.

Stable coins are not a form of trading markets; to me, stable coins are a store of wealth so that either today or 10 years time your 99.99$ will remain 99.99$.

Traders most time convert their profits to Stable coins.
While investor hodl stable coins while waiting for an investment opportunity in the altcoins market.

Stable coins are fiats, tusd, busd, usdt etc
I think same. Stable coins are not suitable for investment. You can only store your capital for future investments. Also I do not know more about facebook libra.


Title: Re: What is your opinion on stable coins?
Post by: plast555 on April 19, 2020, 08:28:47 PM
First of all, as the name suggests the stable coins are meant to be stable in value when compared to other crypto coins which are very volatile in nature. The stable coin helps in maintaining the value at the time of the transaction in USD terms so it will not be an investment those are meant to protect the value in USD during volatile or dump.

When the stable coin is considered as investments.?
For people living in non-US countries especially those in emerging economies, they can have the option of holding stable coins which is a kind of investment when compared to their native currency or weak national currency so they might able to profit from the strong dollar against their corresponding national currency.


Title: Re: What is your opinion on stable coins?
Post by: InwardContour on April 19, 2020, 08:41:24 PM

Hello Crypto friends!

Recently i have known about tether and also facebook libra.

Is those worth investments or waste investments.......?

Because if facebook libra is stable coin then it is wrong investment choice because many crypto investors look for profit coins i mean unlike stable coins they will like coins which get profits.


In my opinion stable coins are bad to invest.

But facebook will change their decision regarding the libra stable coin or the libra coin will also like another tether.

Thanks!

In the first place, when talking about investments you were not supposed to even think about stable coins, unless you want to use them for lending purpose like the one done on Binance exchange with BUSD. Talking about LIBRA, if and only if it will launch, only institutional investors will be allowed to invest before launch, after launch the purpose won't be for investment anymore but utilization for transactions. Buying USDT or any other stable coin to hold as investment doesn't make any sense ofcourse, I actually laughed when OP asked if stable coins are worth investing in. 😂


Title: Re: What is your opinion on stable coins?
Post by: Ezravdb on April 19, 2020, 08:46:10 PM

Hello Crypto friends!

Recently i have known about tether and also facebook libra.

Is those worth investments or waste investments.......?

Because if facebook libra is stable coin then it is wrong investment choice because many crypto investors look for profit coins i mean unlike stable coins they will like coins which get profits.


In my opinion stable coins are bad to invest.

But facebook will change their decision regarding the libra stable coin or the libra coin will also like another tether.

Thanks!
Coin stable is good enough for me because if the market situation is not good I transfer my assets to usdt. Now if you mention libra coin, of course it's not clear because the Libra Coin project still doesn't have a stock exchange.. If later libra becomes a stable coin, I trust my assets to Usdt than libra coin


Title: Re: What is your opinion on stable coins?
Post by: thesmallgod on April 19, 2020, 08:56:25 PM
Well you need to understand stable coins specifications well.

Stable coins are not a form of trading markets; to me, stable coins are a store of wealth so that either today or 10 years time your 99.99$ will remain 99.99$.

Traders most time convert their profits to Stable coins.
While investor hodl stable coins while waiting for an investment opportunity in the altcoins market.

Stable coins are fiats, tusd, busd, usdt etc
They are actually a trading market. Their are many exchange that pair other non stable coin with stable one e.g BTC/USDT I guess you want to say the op cannot make profit for holding stable coin but they can actually profit from it when they are traded with other crypto that they are being paired with.


Title: Re: What is your opinion on stable coins?
Post by: Emitdama on April 20, 2020, 11:01:46 AM
Stablecoins are not showing "less volatility" they are literally stable, where do you see them going? I mean did you expected USDT to somehow worth 0.8 cents per USDT for some reason? or worth 1.2 dollars? The maximum it could potentially do is like 97 cents or so, I have seen as low as 94 cents for a while because of a huge dump but people gubbled it up right away and made it back over to 1 dollar once again.

Stablecoins will not be volatile until it is too late, I have warned everyone against them and will never hold a single one in my life and suggest everyone to do the same because one day they will all worth zero, but until that moment you can believe that it will always worth 1 dollar because you are not profiting or losing money with it, that IS the money, not an investment.


Title: Re: What is your opinion on stable coins?
Post by: #dhabitamartha on April 20, 2020, 11:28:49 AM
If someone likes fast-moving investments, stable coins are not good enough for investment, but stable coins are better for long-term investments and are safe for further investment than fast-moving investment coins.


Title: Re: What is your opinion on stable coins?
Post by: skeleto88 on April 20, 2020, 11:54:19 AM
Stable coins are those coins that do not changes their value or price as they pegged to fiat or tradiational money like USD. For me stable coins are the best option or alternative when the market is crashing down, since it is not heavily affected by bearish market like what happened recently in crypto market due to corona pandemic. Example, if you are sensing that the market will go down hard and you don't want to loss any assets then try converting it to stablecoins like USDT, Tether or the like, the switch back if the if the market is going the bullish.


Title: Re: What is your opinion on stable coins?
Post by: mekar sari on April 20, 2020, 12:01:38 PM
Satabil coin is a coin that is able to survive and rarely down Examples of stable coins are USDT and USDC for me a stable coin is a coin that is very unsuitable for investing it's better to invest in bitcoin and ethereum despite high prices


Title: Re: What is your opinion on stable coins?
Post by: ElmedoRator on April 20, 2020, 12:20:20 PM
Satabil coin is a coin that is able to survive and rarely down Examples of stable coins are USDT and USDC for me a stable coin is a coin that is very unsuitable for investing it's better to invest in bitcoin and ethereum despite high prices
What is Satabil? I have never heard of this altcoin in the market and I have tried searching for it but still do not have any information, it seems that you were confused with stablecoins?


Title: Re: What is your opinion on stable coins?
Post by: ethereumhunter on April 20, 2020, 12:23:20 PM
If someone likes fast-moving investments, stable coins are not good enough for investment, but stable coins are better for long-term investments and are safe for further investment than fast-moving investment coins.

The stable coin can save our funds from the volatility of the crypto price. So if you are worried to see your funds is up and down or change every day, you can convert your bitcoin or altcoin into stable coin and hold it for a while until bitcoin or altcoin price can get down so you can buy back the bitcoin and altcoin. That is the way for you to get a low price besides hold bitcoin and altcoin for the long term.


Title: Re: What is your opinion on stable coins?
Post by: Lasky366 on April 20, 2020, 02:31:44 PM
Well we all might know what is the meaning of stable.Stable means something solid or well balanced. So if you fell your holding crypto like bitcoin or any altcoin is not safe enough it might dump.Then you can convert your crypto to a stable coin.It will permanently establish your funds. Then when crypto price dump you can buy them through your stable coin even more quantity.


Title: Re: What is your opinion on stable coins?
Post by: Emilyearl on April 20, 2020, 02:40:38 PM
They're safe havens for cryptocurrency users. Using USDT as an example, when the market starts to go down you can hedge your funds in it to buy back when the market recovers. You money will be what you hegded not less.


Title: Re: What is your opinion on stable coins?
Post by: CryptopreneurBrainboss on April 20, 2020, 02:47:01 PM
Is those worth investments or waste investments.......?

Because if facebook libra is stable coin then it is wrong investment choice because many crypto investors look for profit coins i mean unlike stable coins they will like coins which get profits.

Seems you're misunderstanding what stablecoins were developed for. It was developed with the intention to save your investment from crashing down due to a bear market and not to give you profits. Irrespective of the initial motives behind creation of stablecoins, it can still be used as an investment vehicles if only you're opportune to catch dip of the stablecoins and invest when everyone is panic selling their stablecoins.

You're better off patronizing any other stablecoin than Libra (that's if the project successfully gets the approval of the US government and launches). It'll just be a centralized piece of trash and your security won't be respected just as it's with your fiat currency.


Title: Re: What is your opinion on stable coins?
Post by: Vishnu.Reang on April 20, 2020, 03:39:15 PM
They're safe havens for cryptocurrency users. Using USDT as an example, when the market starts to go down you can hedge your funds in it to buy back when the market recovers. You money will be what you hegded not less.

No. They are not safe havens. Perhaps you can trust them, for a short period of time. For example, in case you are trading inside an exchange, then you can convert some of your assets to stablecoin and then trade them when the value rises. But stablecoins can never be used as a store of value. They are just tokens issues by certain exchanges and businesses and no one should trust them.


Title: Re: What is your opinion on stable coins?
Post by: torrantz on April 20, 2020, 03:51:48 PM
Satabil coin is a coin that is able to survive and rarely down Examples of stable coins are USDT and USDC for me a stable coin is a coin that is very unsuitable for investing it's better to invest in bitcoin and ethereum despite high prices
What is Satabil? I have never heard of this altcoin in the market and I have tried searching for it but still do not have any information, it seems that you were confused with stablecoins?
I guess if he was miss typing for the stable to be satabil. You can see from the middle sentences and he gives some examples of stable coins. It looks like newcomer must try to spend some of their times to surfing on the internet and they must try to get more knowledge about what they don't know about.


Title: Re: What is your opinion on stable coins?
Post by: DonFacundo on April 20, 2020, 03:57:35 PM
Stable coins like Tether is not good investment, of course it is in stable price but useful when the market is down, you can convert your coins into stable coins so you can not lose more money.


Title: Re: What is your opinion on stable coins?
Post by: jaywizzy on April 20, 2020, 03:58:18 PM
I see stable coins as store of an asset to most investors because most of the investors that invest in stable coins are not in haste to make profit, they sell whenever they are satisfy with profit magine they have set.


Title: Re: What is your opinion on stable coins?
Post by: Kong Hey Pakboy on April 20, 2020, 04:28:16 PM
I see stable coins as store of an asset to most investors because most of the investors that invest in stable coins are not in haste to make profit, they sell whenever they are satisfy with profit magine they have set.
Indeed. Most investors only buys stable coins as a safe asset that they always panic if the market will make a sudden downfall. Stable coins are not good for long term investment because they don't give a huge amount of profit, thay is why i never buy stable coins because they are just like fiat currency that it is only good in making purchases or transactions through online.


Title: Re: What is your opinion on stable coins?
Post by: Roidz on April 20, 2020, 06:38:28 PM
I think one of the goals of the creation of stable coin is to imitate the traditional money which is indeed the value of which is relatively stable and of course this contrasts with the price of bitcoin or other alt coins which are indeed fluaktif in market,
for traders who want to secure their money, of course, stable coin like usdt is a good asset, but for traders who want to profit, of course stable coin is not a good investment because it has stable price movements so, it is unlikely that traders can benefit in their trading.


Title: Re: What is your opinion on stable coins?
Post by: shollyen on April 20, 2020, 07:41:31 PM
Satabil coin is a coin that is able to survive and rarely down Examples of stable coins are USDT and USDC for me a stable coin is a coin that is very unsuitable for investing it's better to invest in bitcoin and ethereum despite high prices
What is Satabil? I have never heard of this altcoin in the market and I have tried searching for it but still do not have any information, it seems that you were confused with stablecoins?
I guess if he was miss typing for the stable to be satabil. You can see from the middle sentences and he gives some examples of stable coins. It looks like newcomer must try to spend some of their times to surfing on the internet and they must try to get more knowledge about what they don't know about.

That is it, it was a typo. What he was trying to say is clear, except one pretends not to know and that it is not well-read.


Hello Crypto friends!

Recently i have known about tether and also facebook libra.

Is those worth investments or waste investments.......?

Because if facebook libra is stable coin then it is wrong investment choice because many crypto investors look for profit coins i mean unlike stable coins they will like coins which get profits.


In my opinion stable coins are bad to invest.

But facebook will change their decision regarding the libra stable coin or the libra coin will also like another tether.

Thanks!
If what Libra is still bent on releasing is a Stablecoin, then he might continue to experience that ordeal he had with SEC and that prevented it from being approved.
I am still lost, if that same Stabecoin will be backed by te USD, which i where the major problem will lie, seeing that the base of that project will till be the US.


Title: Re: What is your opinion on stable coins?
Post by: coinfinger on April 20, 2020, 07:46:58 PM
Stablecoins are the gifts for traders and for common crypto investors, it may not offer anything to do with. The concept of stablecoins is really cool but just having fiats on blockchain may end up in problems when governments start feeling like stablecoins are a thread to their traditional banking system.

I have not used any stablecoins in my trading as I am just a long term holder whereas one of my friend somehow managed to sell his one bitcoins when bitcoin tested $13000 levels by last years and he was holding tether worth of $13k for some 6 months and then he bought back bitcoins when it hit below $6k levels. With the help of stablecoins, he managed to double his one bitcoin in the time span of  months. His networth kept same since last year and I guess it will raise again in 2x as now he is holding 2 bitcoins.

Stablecoins are good but only for traders who may be short term or long term, no constrain on that.


Title: Re: What is your opinion on stable coins?
Post by: lue wang on April 20, 2020, 09:58:49 PM

Hello Crypto friends!

Recently i have known about tether and also facebook libra.

Is those worth investments or waste investments.......?

Because if facebook libra is stable coin then it is wrong investment choice because many crypto investors look for profit coins i mean unlike stable coins they will like coins which get profits.


In my opinion stable coins are bad to invest.

But facebook will change their decision regarding the libra stable coin or the libra coin will also like another tether.

Thanks!
Your fiat currency and stable coin isn't different, neither Worth or worst investment. Facebook also in the same category. This is so easy to stay in stablecoin when sell out your coin and again enter cryptocurrency. Binance is doing good work to easy to make investment.


Title: Re: What is your opinion on stable coins?
Post by: ComBack20 on April 20, 2020, 10:12:22 PM
Ohh, damn it. Many people are new to crypto and say buying USDT / stable coins is a safe investment, even though such an opinion is wrong. Except for stable coins that refer to gold, and gold can still be said to be a savior of wealth, it has been proven in the past few decades. but not for those who refer to fiat, the same is still in the monetary system banking, at all times there is always inflation. The stable coins in the crypto world are only to help someone trade and secure assets when the trend is down (that's all).


Title: Re: What is your opinion on stable coins?
Post by: seoincorporation on April 20, 2020, 10:18:43 PM
Stable coins like Tether is not good investment, of course it is in stable price but useful when the market is down, you can convert your coins into stable coins so you can not lose more money.

I do not agree with you, Tether is a good investment when the market is down. If we jump to Tether before the crash then we will end with the same amount of money but a bigger amount of cryptos...

Stable coins is a safe way to trade Bitcoins against USD without touching the banks.


Title: Re: What is your opinion on stable coins?
Post by: Twinkledoe on April 20, 2020, 10:22:43 PM
Stable coins like Tether is not good investment, of course it is in stable price but useful when the market is down, you can convert your coins into stable coins so you can not lose more money.

I do not agree with you, Tether is a good investment when the market is down. If we jump to Tether before the crash then we will end with the same amount of money but a bigger amount of cryptos...

Stable coins is a safe way to trade Bitcoins against USD without touching the banks.

It will only be true, if you buy stable coin just before the crash. But how will you know that there will be crash in the market? That's hard to know actually. But yes, stable coin is good to have when the market is down, so you have no worries about the decrease of its price. There might be slight changes but not really much unlike other alts. However, you should also be careful in holding them for long time because you don't know their actual foundation, anytime they might collapse depending on the team managing it.


Title: Re: What is your opinion on stable coins?
Post by: TopT3ns on April 20, 2020, 10:30:24 PM
If someone likes fast-moving investments, stable coins are not good enough for investment, but stable coins are better for long-term investments and are safe for further investment than fast-moving investment coins.
stable coins do not have fast price movements because stable coins have price movements depending on fiat meaning that the benefits are very long so I don't think it is too good to be used for long-term investment because if you keep it for a very long time but the profit you get not too much.


Title: Re: What is your opinion on stable coins?
Post by: shoreno on April 20, 2020, 10:37:42 PM
stable coins arent bad they are still part of your money making success on crypto  . thier stability is useful if you dont want your coins to be affected by the fluctuations at the moment  .  but what is the status of libra coin   .  

i just check it right now and i dont see any value   . other infos are also question mark  . i think the project is discontinued or maybe postponed yet for now because the world have a greater problems than creating a coin like this  . anyway there is still tether which is the best brand when it comes to stable coins  


Title: Re: What is your opinion on stable coins?
Post by: Yamifoud on April 20, 2020, 10:41:17 PM

Hello Crypto friends!

Recently i have known about tether and also facebook libra.

Is those worth investments or waste investments.......?

Because if facebook libra is stable coin then it is wrong investment choice because many crypto investors look for profit coins i mean unlike stable coins they will like coins which get profits.


In my opinion stable coins are bad to invest.

But facebook will change their decision regarding the libra stable coin or the libra coin will also like another tether.

Thanks!
Have you seen Libra in the market already?
Actually, Libra coin has been out from reality because of some problems of its creation and it never receives approval from the regulatory board to launch this project.
https://www.bloomberg.com/news/articles/2020-01-20/facebook-s-failed-libra-starts-2020-facing-fresh-swiss-hurdles

If we think about crypto investment, it is better not to choose stable coins because you can't make money from them. I suggest having high volatile coins but you should be careful in making trade also. Better to choose among the top coins in the market and take a look of its trading volume.


Title: Re: What is your opinion on stable coins?
Post by: Cryptrx on April 20, 2020, 11:40:23 PM
Stable coins are very essential especially in times of high volatility, you can save the value of your assets pending when you will invest it back.


Title: Re: What is your opinion on stable coins?
Post by: danggoron on April 20, 2020, 11:58:59 PM
stable coins arent bad they are still part of your money making success on crypto  . thier stability is useful if you dont want your coins to be affected by the fluctuations at the moment  .  but what is the status of libra coin   .  

i just check it right now and i dont see any value   . other infos are also question mark  . i think the project is discontinued or maybe postponed yet for now because the world have a greater problems than creating a coin like this  . anyway there is still tether which is the best brand when it comes to stable coins  
Actually not bad. It's just that for those who like volatility, the price stability of stable coins is less attractive in providing benefits, right?
So that stable coins are often used to secure assets when extreme market movements occur.


Title: Re: What is your opinion on stable coins?
Post by: bangkecol on April 21, 2020, 12:15:26 AM
Stable coins is good to to defend in the bear market. So it can be option to store your asset.
But, to get profit you can not store your asset in this coins. Because this coins only maintain your asset value.


Title: Re: What is your opinion on stable coins?
Post by: ahyadinnn on April 21, 2020, 12:29:40 AM
In my opinion stable coins are bad to invest.

I am agreed with you that stable coin is bad for invest because we cannot make much profit from it. if its price had not been stable then we can make good profit from it. you can use stable coin for holding your money for a short time when you think other crypto market tend to be dumping continuously.
Stable coins are not good if they are made investments because their prices are fixed and unchanged, sometimes there are people using stable coins for the purposes of securing their assets from deep price declines, with the existence of stable coins our assets become safe


Title: Re: What is your opinion on stable coins?
Post by: rdewilde on April 21, 2020, 12:36:38 PM

Hello Crypto friends!

Recently i have known about tether and also facebook libra.

Is those worth investments or waste investments.......?

Because if facebook libra is stable coin then it is wrong investment choice because many crypto investors look for profit coins i mean unlike stable coins they will like coins which get profits.


In my opinion stable coins are bad to invest.

But facebook will change their decision regarding the libra stable coin or the libra coin will also like another tether.

Thanks!

I thought Facebook Libra has been stopped not that I even took it serious, nevertheless on the case of Tether, investing in it doesn't come with any profit because it doesn't grow that means it is a stablecoin. The use of Tether is because of its nature which is to keep or secure funds from being dealt with by bear market, even though there is a bull run it still does not affect Tether in any way. Also, Tether is not bad because it has an advantage which is mostly seen and appreciated during bear market.


Title: Re: What is your opinion on stable coins?
Post by: Ludmilla_rose1995 on April 21, 2020, 02:49:00 PM

Hello Crypto friends!

Recently i have known about tether and also facebook libra.

Is those worth investments or waste investments.......?

Because if facebook libra is stable coin then it is wrong investment choice because many crypto investors look for profit coins i mean unlike stable coins they will like coins which get profits.


In my opinion stable coins are bad to invest.

But facebook will change their decision regarding the libra stable coin or the libra coin will also like another tether.

Thanks!
For me, stable coins are not to be invested or are not coins to make a profit. Stable coins can only store the value of an asset when there is a cause that can decrease the value of an asset.
for example, if you save bitcoin, you will lose value when their prices drop. But it's different from tether which doesn't have volatility.


Title: Re: What is your opinion on stable coins?
Post by: lobo13hf on April 21, 2020, 03:04:19 PM
Stable coins is good to to defend in the bear market. So it can be option to store your asset.
But, to get profit you can not store your asset in this coins. Because this coins only maintain your asset value.
The purpose of stable coin to avoid the volatility in the crypto. If someone has a very difficult way to convert his crypto to the fiat money and stable coin offers an alternative solution to this problem. This is the main role of stable coin. Everyone who think you can invest in stable coin and this is a big no.


Title: Re: What is your opinion on stable coins?
Post by: Shallow on April 21, 2020, 07:35:07 PM
My short opinion on stablecoins is, they are good and lifesavers or "fund savers".
Crypto is volatile, crypto is unpredictable and there are bear markets therefore in a second just think of what will become of your funds (not necessarily long term funds maybe trading funds) if there is a bad news or a bear market and there are no stablecoins to convert to; it will be heartbreaking and devastating. So in essence, stablecoins doesn't grow nor appreciate, they are just stagnant but helps people to safeguard their funds against volatility and against bear markets.


Title: Re: What is your opinion on stable coins?
Post by: ife2020 on April 21, 2020, 10:07:02 PM
Stable coins are coins that have same value over a long period of time
you can hodl stable coins in preparation to invest, or when waiting for an entry point to bitcoin.

You can also use stable coins to keeo your profit before they are reinvested. Examples includes usdt, tusd, and there is a gold backed stable coin too in digital gold token


Title: Re: What is your opinion on stable coins?
Post by: Rengga Jati on April 21, 2020, 10:28:06 PM
Stable coins are coins that have same value over a long period of time
Even if the name is "stable", it doesn't mean to have the same value in a long time. Stable coins also have volatility but the volatility is low. So, the price can move or change like others, but yes the change will be quite small. Don't misunderstand that the price will be the same for a long time, it may change even in a day. Kindly take a look for the price of Tether or USD Coin on some exchanges.

Look at the definition below:
Quote
Stablecoins are cryptocurrencies designed to minimize the volatility of the price of the stablecoin, relative to some "stable" asset or basket of assets.
Source: https://en.wikipedia.org/wiki/Stablecoin


Title: Re: What is your opinion on stable coins?
Post by: gunungkembar on April 21, 2020, 10:32:17 PM
Stable coins are coins that have same value over a long period of time
you can hodl stable coins in preparation to invest, or when waiting for an entry point to bitcoin.

You can also use stable coins to keeo your profit before they are reinvested. Examples includes usdt, tusd, and there is a gold backed stable coin too in digital gold token
yes that's why these coins can be called the stable coin because of the stable price movements and make old investors to be able to get profits from cryptocurrency, stable coins should not need to be created because in my opinion not too efficient.


Title: Re: What is your opinion on stable coins?
Post by: Bonwin on April 21, 2020, 10:45:04 PM
If someone likes fast-moving investments, stable coins are not good enough for investment, but stable coins are better for long-term investments and are safe for further investment than fast-moving investment coins.
stable coins do not have fast price movements because stable coins have price movements depending on fiat meaning that the benefits are very long so I don't think it is too good to be used for long-term investment because if you keep it for a very long time but the profit you get not too much.

Tere are stablecoins that still grow, even within a day, but that is if the market condition permits their growth. Not all stablecoins are backed by USD, some of they're backed by commodities.
Take for instance as table coin that is backed by crude oil, gold, silver or diamond, such stablecoin will follow the trend of the commodity used in backing it. They are good for investment, unlike the likes of USDT, because the also grow and plummet, but are not volatile,
Volatility is the characteristic feature of cryptocurrency.
So, these stablecoins can be used to hedge against crypto volatility. Which means that they can also serve as sources of investment.


Title: Re: What is your opinion on stable coins?
Post by: Bitcoinislife09 on April 22, 2020, 05:36:41 AM
Well you need to understand stable coins specifications well.

Stable coins are not a form of trading markets; to me, stable coins are a store of wealth so that either today or 10 years time your 99.99$ will remain 99.99$.

Traders most time convert their profits to Stable coins.
While investor hodl stable coins while waiting for an investment opportunity in the altcoins market.

Stable coins are fiats, tusd, busd, usdt etc
I guess stable coins might have some potential as a investment but rarely at this rate I cannot trust altcoins anymore as a true investment other than popular altcoins.

Stable coins can be an alternative coin to fiat coins. There are many cryptocurrencies that are existing. With choosing what cryptocurrency you should buy, you must consider its price. If you want your coins to grow you must start buying coins when the value is low like now due to the pandemic that we are experiencing, then sell your coins when the value becomes higher from that you may gain so much return on investment. You may have more money that yiu can use with paying your bills and payments. These can help you a lot especially these days of pandemic.


Title: Re: What is your opinion on stable coins?
Post by: Latines on April 22, 2020, 05:46:38 AM
Stable coins do not exist. There is nothing stable. How do you imagine stability in our time? When in the world it is not clear what. At any time, the price of anything can fall or increase. Any enterprise may go bankrupt. I don’t believe at all that there is at least some stability, especially in the crypto world.


Title: Re: What is your opinion on stable coins?
Post by: bearexin on April 23, 2020, 06:21:05 PM
Stable coins were not created for the purpose of making profit, you’re never going to make any profit from them since they are pegged to the USD and remains the same rate at which you invested money in them. They are only being used by investors and traders who want to store their money and not lose it in the fluctuating market of the volatile cryptocurrencies. And as for the Facebook Libra, if you have really read about them and what is their main purpose for creating the Libra coin, you will get to know that it was created for transactions around the world and nothing else.

I have not made use of stablecoins but hopefully I may use them in my trading. One of my colleague explained me how to use stablecoins in trading to short bitcoins even in spot exchanges. It is interesting but risky in my observation.


Title: Re: What is your opinion on stable coins?
Post by: maruf01788 on April 23, 2020, 07:02:56 PM
I think stable coin not for investment.  People use it for safe their money. If you invest in stable coin it will no change, no profit no loss. Many trader use tether for easy profit. If you want to safe your money then you can buy tether. 


Title: Re: What is your opinion on stable coins?
Post by: Zazzu on April 23, 2020, 08:24:41 PM
I think stable coin not for investment.  People use it for safe their money. If you invest in stable coin it will no change, no profit no loss. Many trader use tether for easy profit. If you want to safe your money then you can buy tether. 
If we want to be safe, we should not invest in this market. Any altcoin can crash if it has FUD, and USDT is the same. If it had FUD, its price would have collapsed and could not be stabilized


Title: Re: What is your opinion on stable coins?
Post by: Slingshot on April 23, 2020, 09:13:14 PM
I would tell you stable coins are safest to invest especially USDT. Stable coin is a coin one is absolutely sure of, it's a coin anyone can invest and sleep without having to fear of huge dump like other coins that you will invest and be checking constantly online so as not to allow coins dump seriously on you. I prefer stable coins more but I am talking about USDT


Title: Re: What is your opinion on stable coins?
Post by: princerepon on April 23, 2020, 09:58:53 PM
Because if facebook libra is stable coin then it is wrong investment choice because many crypto investors look for profit coins i mean unlike stable coins they will like coins which get profits.

Did Libra already announced it ??? If yes then why they actually showing interest about crypto currency at all..? I mean many investors waiting for Libra very long time. And because it's from giant company Facebook so people would take that coin very seriously. I have no idea about there plan properly but if they are thinking about they are going with stable coin then it's not worth to invest. Let's see what happen next. :-\


Title: Re: What is your opinion on stable coins?
Post by: K4C on April 24, 2020, 05:46:52 AM
Stable coin is not perfect for this time any exchanger. There are a lot of coin in stable coin they are not increase price. I can say that stable coin are not proper value of exchanger so most of exchanger are listed coin they are always trading and pumping this coin. I can suggest you stable coin is not perfect for you.


Title: Re: What is your opinion on stable coins?
Post by: bct_ail on April 24, 2020, 07:58:41 AM
Due to their low volatility, Stablecoins are important for the following groups:
Trader. They can stay in the ecosystem and do not have to go through Fiat when prices jump.
Buyer: They can convert their Fiat into Stablecoins, are in the ecosystem and can buy coins quickly when needed.
For cashing out: If you want to cash out large sums of crypto in Fiat and want to stay under the radar, you can change your coins to stablecoins and convert them into fiat, gradually



Title: Re: What is your opinion on stable coins?
Post by: coingecko on April 24, 2020, 08:45:36 AM
Believe or not but we just saw over $1.8 billion worth of stablecoins added into the market in circulation in the last quarter alone

https://i.imgur.com/SEAbAMg.png
Snippet from full report at https://landing.coingecko.com/q1-2020-report/

The demand for stablecoin especially USDT is certainly fueling more and more of these.
Will it end up composing the majority of the cryptocurrency markets and what will this mean then?


Title: Re: What is your opinion on stable coins?
Post by: FanEagle on April 26, 2020, 08:48:55 AM
That much money can't be sustained, eventually there will be a moment when the market will be filled with too much stable coins and eventually people will stop buying them, when they stop buying them the companies that print them will have to cover the difference and these companies are all shady crooks so eventually they will definitely bail out and when they do that even at a small scale, it will snowball into something huge.

If it was just couple hundred million dollars per quarter I would have understand but we are talking about almost 2 billion dollars in the last quarter, and most of it went to those companies who print it (mainly tether) and these people basically gave us something worthless and took our billions from us, and we allowed them to do that.


Title: Re: What is your opinion on stable coins?
Post by: farukahmed on April 26, 2020, 02:28:16 PM
There are many coin is stable are crypto market. some of exchange are looking many coin are not stable. i thing the most valuable coin are nit stable because this coin are increase and decrease. it can be trading on exchange. A stable coin is a cryptocurrency that is pegged to another stable asset, like gold or the U.S. dollar. It’s a currency that is global, but is not tied to a central bank and has low volatility. so i like to say popular stable coins are working towards building the most optimal cryptocurrency.


Title: Re: What is your opinion on stable coins?
Post by: @baoli on April 28, 2020, 01:01:22 PM
Stable coins might not truly be an investment because itbis expected not to increase. So if you noughts 100$ worth today weeks ahead it will be same. It is created to help people hedge during volatility.


Title: Re: What is your opinion on stable coins?
Post by: kogozer714 on April 28, 2020, 01:06:41 PM
if you think a stable coin will make a profit maybe it's not true, and vice versa. maybe with a stable coin you will be safe with your doubts in the trading market which reduces your loss and income.


Title: Re: What is your opinion on stable coins?
Post by: CrownMade423 on May 10, 2020, 08:53:09 PM
Stable coins means they are not investments because they don't increase their value coz they are not in fluctuate position .We can not make money with stable coins if you don't runs it by any things .Traders most time convert their profits for an investment opportunity in the altcoins market. Its a secure assets with any changeable value and for sure you will not get any profit from it .
You should search more . Thanks



Title: Re: What is your opinion on stable coins?
Post by: aemma on June 16, 2020, 01:07:01 PM

Hello Crypto friends!

Recently i have known about tether and also facebook libra.

Is those worth investments or waste investments.......?

Because if facebook libra is stable coin then it is wrong investment choice because many crypto investors look for profit coins i mean unlike stable coins they will like coins which get profits.


In my opinion stable coins are bad to invest.

But facebook will change their decision regarding the libra stable coin or the libra coin will also like another tether.

Thanks!

Stablecoins are not bad to invest in, moreover it's not like you are investing in it because there is no profit to be gotten out of it rather it is more like using stablecoins to protect your funds during bear market which you can still convert back to your favourite coin when the market changes for good.
However, about Tether and Libra, both are two different projects or platforms because one (Tether) is already developed for years and currently can be seen as the best  stablecoin with huge volume etc while Libra is yet to be launched thus no one knows actually what to expect from it. So therefore, in a bid to answer the question, Tether is worth the attention given to it.


Title: Re: What is your opinion on stable coins?
Post by: Yatsan on June 16, 2020, 01:45:08 PM
You can use the stable coins is you sell on the pick of the market or it's also good if you are going to buy from the bottom. I use tether to be a safe haven when I am trading, so If the market is on a roller coaster, it's better to use stable coin as a pair of which coin are you trading. For example you are trading etherum and the price is unstable like bitcoin then, you can use the stable coin as trading pair of it, and take advantage of the situation.  ;D


Title: Re: What is your opinion on stable coins?
Post by: Rubick99 on June 16, 2020, 04:31:19 PM
Agree with your opinion that stable coin is bad investment, its like we just collect fiat money then it can be inflated by time. Rather than just parking your money in the bank, it will be better if you use it to grow up your wealthy.
Just buy bitcoin or ethereum for sure.


Title: Re: What is your opinion on stable coins?
Post by: tbterryboy on June 16, 2020, 04:53:28 PM
You can use the stable coins is you sell on the pick of the market or it's also good if you are going to buy from the bottom. I use tether to be a safe haven when I am trading, so If the market is on a roller coaster, it's better to use stable coin as a pair of which coin are you trading.
Honestly I could not get your point, how tether is looking to you as a safe heaven against market's roller coaster rides? Just by trading with stablecoin pairs, how we can eliminate the market volatility? So far my understanding about stablecoin is like it is a crypto formatted fiat and we can use instead of fiats. It means we can easily move coins from exchange to our wallet like bitcoins instead of going for banks for fiat transactions.

Agree with your opinion that stable coin is bad investment, its like we just collect fiat money then it can be inflated by time.
Stablecoins do not fluctuate (in terms of fiat value) hence how we can go for investing with them? Most stablecoins on market right now are corporate coins which could be inflated if they decide. But this makes these stablecoins non-trustable even for using. Yes, we need decentralized coins to trust and use.


Title: Re: What is your opinion on stable coins?
Post by: kentrolla on June 16, 2020, 05:08:48 PM
If this is the case with me I will sell it and go with some top it's better to give Important to few top coins like ETH, BNB and some other coins.

Stable coins will always remain normal and we cannot expect some changes in the price, crypto is absolute risky those who take high-risk are millionaires today. It's all about investing in a right coin..


Title: Re: What is your opinion on stable coins?
Post by: Raja Singa on June 16, 2020, 05:30:15 PM
~

It's not too bad like what you say. A stable coin will give a profit where the price of other coins drop.
Stable coins do not provide profit if the price of other coins is increasing.
For example:
1 ETH = 230 USDT
If the ETH price drops -10%
230 x 10/100 = 23
Then the stable coin holder has made a $ 23 profit.
And if they repurchase ETH,
$ 230 + $ 23 = $ 253
1 ETH + 0.1 ETH = 1.1 ETH
Well, this will be the opposite if the price of Ethereum rises.


Title: Re: What is your opinion on stable coins?
Post by: Perfect35 on June 16, 2020, 07:26:46 PM
~

It's not too bad like what you say. A stable coin will give a profit where the price of other coins drop.
Stable coins do not provide profit if the price of other coins is increasing.
For example:
1 ETH = 230 USDT
If the ETH price drops -10%
230 x 10/100 = 23
Then the stable coin holder has made a $ 23 profit.
And if they repurchase ETH,
$ 230 + $ 23 = $ 253
1 ETH + 0.1 ETH = 1.1 ETH
Well, this will be the opposite if the price of Ethereum rises.
This will only be applicable if ETH grows back, but in a situation where the price of ETH keeps dumping and you buy back with your USDT, thinking that it has reached its base, then if care is not taken, you would have joined the train of loss. Well, I think USDT will mainly help you to fix the value of your holdings and you could buy back and at the sea time be fortunate to make some profits from another upsurge.


Title: Re: What is your opinion on stable coins?
Post by: adzino on June 16, 2020, 08:26:04 PM
Stablecoins are not bad to invest in, moreover it's not like you are investing in it because there is no profit to be gotten out of it rather it is more like using stablecoins to protect your funds during bear market which you can still convert back to your favourite coin when the market changes for good.
However, about Tether and Libra, both are two different projects or platforms because one (Tether) is already developed for years and currently can be seen as the best  stablecoin with huge volume etc while Libra is yet to be launched thus no one knows actually what to expect from it. So therefore, in a bid to answer the question, Tether is worth the attention given to it.
Stable coins are not a bad investment? Lol, you don't make any profit off it, so there is nothing to invest on it and you know what. But, it is still a  bad investment. As far as I know, your tether tokens can be frozen anytime. I am not sure, but I think if you come across some stolen tokens, they can be freezed.

Yeah, tether and Libra are different things. Is Libra still under development? I though it already died before it even got to launch.


Title: Re: What is your opinion on stable coins?
Post by: amos77978 on June 16, 2020, 09:48:06 PM

Hello Crypto friends!

Recently i have known about tether and also facebook libra.

Is those worth investments or waste investments.......?

Because if facebook libra is stable coin then it is wrong investment choice because many crypto investors look for profit coins i mean unlike stable coins they will like coins which get profits.


In my opinion stable coins are bad to invest.

But facebook will change their decision regarding the libra stable coin or the libra coin will also like another tether.

Thanks!
stable coin is simply just to store wealth nothing more.. you wont make any gain.. neither will you make loss your funds.. they're one of the best coins to hold when the market Is RED.. as your funds wont lose their initial calue


Title: Re: What is your opinion on stable coins?
Post by: amos77978 on June 16, 2020, 09:49:53 PM
but as well be sure of what your buying.. there are multiple stable coins in the market right now.. do your investigation and make your choice..  on my opinion tether and dai. are both the most trusted stable coins you'll find in the market.. usd is also a good option


Title: Re: What is your opinion on stable coins?
Post by: TimeTeller on June 16, 2020, 10:10:27 PM

stable coin is simply just to store wealth nothing more.. you wont make any gain.. neither will you make loss your funds.. they're one of the best coins to hold when the market Is RED.. as your funds wont lose their initial calue

That is the reason why they are created in the first place.
Not to lose much of its value in different seasons in the market, whether bearish or bullish.
So it is just simply a store of value so don't expect that you will gain profit from holding it.
But in my opinion, you should not hold stablecoins for long term, because we don't know the real truth about the asset backing it.
Not many of them are saying the truth about its assets, just look at USDT, which at one point, they did admit that it was not 100% USD backed.


Title: Re: What is your opinion on stable coins?
Post by: BALIK on June 16, 2020, 10:30:01 PM

stable coin is simply just to store wealth nothing more.. you wont make any gain.. neither will you make loss your funds.. they're one of the best coins to hold when the market Is RED.. as your funds wont lose their initial calue

That is the reason why they are created in the first place.
Not to lose much of its value in different seasons in the market, whether bearish or bullish.
So it is just simply a store of value so don't expect that you will gain profit from holding it.
But in my opinion, you should not hold stablecoins for long term, because we don't know the real truth about the asset backing it.
Not many of them are saying the truth about its assets, just look at USDT, which at one point, they did admit that it was not 100% USD backed.

Leave that as it may. Stable coins do play a very important strategy in the life of an investors be it short/long term and for traders too. Stable coins gives the option to easily transfer funds to a somewhat more secure place, this is an ideal service for a trader or investor.

The way I think about stable coins is as a bank account where the risk is minimized, while anything not in stable coins is more like a bond where there's more risk involved but higher return.

In a simple way, stable coins provide people with financial stability, and a spring board for those who fear rapid market changes. This is why their value should not be undermined.


Title: Re: What is your opinion on stable coins?
Post by: marks1976 on June 16, 2020, 10:58:45 PM
Actually any stable coin isn't worth of investment. Simple you will lose some cost for nothing. You won't be happy for market up situation. Stable Coin will be worth of investment, if you can to stable Coin before cryptocurrency crash. You can take decisions about market, by monitoring the supply of stablecoin.
We never consider altcoin as an investment. I think even the supply of stable coin is increase but if that was also backed by the real dollars and it's not something that must be argued but it looks like it needs the more transparency.


Title: Re: What is your opinion on stable coins?
Post by: 7788bitcoin on June 17, 2020, 04:36:34 PM
If this is the case with me I will sell it and go with some top it's better to give Important to few top coins like ETH, BNB and some other coins.
You got this wrong totally, the idea for a stable coin is to hold the coins when you sell the volatile coins so that you can invest in it at a later time and we still wait for a legit stable coin in the crypto space.

Stable coins will always remain normal and we cannot expect some changes in the price, crypto is absolute risky those who take high-risk are millionaires today. It's all about investing in a right coin..
That is the idea behind a stable coin, we need a stable price for a currency and that is the meaning of stable coin  :P. The cryptocurrency space is not just for millionaires hope you are not seeing the real concept of it :P.


Title: Re: What is your opinion on stable coins?
Post by: Wayrey2020 on June 17, 2020, 04:51:52 PM
Stable coins are good for emergency situations and also help greatly especially when there is a sudden bearish market coming up.

It helps investors to stay safe during the bearish market, and lets investors buy tokens quickly as well in case there is a change in decision.

With stablecoin / btc trade pair, i am sure you understand what am talking about


Title: Re: What is your opinion on stable coins?
Post by: suryana on June 17, 2020, 05:03:25 PM
Stable coins are not for investment, but to protect value your assets. Stable coins are widely used for trading so most likely the Libra project will provide convenience for traders in the market. I personally also use stable coins as my trading coins.


Title: Re: What is your opinion on stable coins?
Post by: sorrros on June 17, 2020, 05:25:59 PM
I like the idea of stable-coins. It allows you to hedge against crypto downfall when you predict it, you don´t have to sell your cryptocurrencies and buy FIAT and withdraw it to your bank account. Simply you switch to USDT ERC-20 token and left it in your personal Ethereum wallet.  :)


Title: Re: What is your opinion on stable coins?
Post by: Hellkas on June 17, 2020, 07:10:57 PM
I think that stable coins are necessary in cryptocurrency world, because it could be impossible to trade cryptocurrency without coins which always have the same price and which don`t depend on market volatility and main market trends


Title: Re: What is your opinion on stable coins?
Post by: abokhalel2 on June 17, 2020, 07:46:34 PM
I have already said that for me there are no stable coins.

The price is regulated by the market. Of course, exchanges can make a coin impossible to sell cheaper or more expensive.

In some year, due to bad news, people began to drain USDT and the price began to fall, so it is not a stable coin, just people accepted it as a replacement for the dollar.


Title: Re: What is your opinion on stable coins?
Post by: StephenJH on June 17, 2020, 08:08:18 PM
Maybe you have learned something wrong about stable coins, l can realize it from your topic. Stable coins are not used for investing, stable coins are to save your investment. Like if any coin which you invested in and started getting down, you can convert it to any stable coin and you will not lose more money in this way. l wanted to make something so understandable. For more information, you can also make some research about the stable coins on google.


Title: Re: What is your opinion on stable coins?
Post by: Metall303 on June 17, 2020, 08:23:22 PM
I like the idea of stable-coins. It allows you to hedge against crypto downfall when you predict it, you don´t have to sell your cryptocurrencies and buy FIAT and withdraw it to your bank account. Simply you switch to USDT ERC-20 token and left it in your personal Ethereum wallet.  :)
it is very convenient for traders who have come to this market for a long time ago, but now there are too many stable coins on the market and it is very difficult for people to understand which one to choose. I think that half of the stable coins we just do not need


Title: Re: What is your opinion on stable coins?
Post by: jrrsparkles on June 17, 2020, 08:29:25 PM
Good for investors, to hold their profits because if they convert them into fiat they will lose lot of their margin in the form of fee but other than this nothing more useful.If you think it is a good investment then you have no knowledge about investing on assets.


Title: Re: What is your opinion on stable coins?
Post by: dentolas on June 17, 2020, 08:42:57 PM
A stable coin, as the name implies, should be stable over time and always retain the same value independent of the market changes. These are used as digital fiat currencies to store profits/savings safe from price fluctuations. MAny people take advantage on stable coins converting BTC to stable and vice-versa accodring to btc fluctuations...
in my oppinion stable coins are not an investment


Title: Re: What is your opinion on stable coins?
Post by: Flickkk on June 17, 2020, 09:51:21 PM

Hello Crypto friends!

Recently i have known about tether and also facebook libra.

Is those worth investments or waste investments.......?

Because if facebook libra is stable coin then it is wrong investment choice because many crypto investors look for profit coins i mean unlike stable coins they will like coins which get profits.


In my opinion stable coins are bad to invest.

But facebook will change their decision regarding the libra stable coin or the libra coin will also like another tether.

Thanks!
If you can see a good future with that stable coin your saying. It really needs to prove it capability of being a stable coin. In cryptowolrd regrets is normal . Many people suggested and saw its potential but in the end it will dissapoint your expectation.
So it will be your own risk and it is good to have many people have their opinion so you can decide if youre willingto accept their perspective


Title: Re: What is your opinion on stable coins?
Post by: JeffBrad12 on June 17, 2020, 10:49:33 PM
Stable coins are good for all the company and institutions who pays their employees and clients by stablecoins. Why? Because from the name itself it says " stable".
it's not only can be used to pay their employees use stable coins but it can also be used to trade especially to avoid the volatility and stable coin is the best solution too. The existence of stable coins are helping us so much especially for people who didn't wanna trade use the coin to coin as pair.


Title: Re: What is your opinion on stable coins?
Post by: 24Kt on June 17, 2020, 11:12:02 PM
Stable coins are good for all the company and institutions who pays their employees and clients by stablecoins. Why? Because from the name itself it says " stable".
it's not only can be used to pay their employees use stable coins but it can also be used to trade especially to avoid the volatility and stable coin is the best solution too. The existence of stable coins are helping us so much especially for people who didn't wanna trade use the coin to coin as pair.

Stability of price is one of the benefits of dealing with stable coin. However, I believe you need to be careful when you decide to hold them for long term. Because you don't know the absolute truth about the asset backing it, as they may collapse anytime when the owners decide to abandon the project especially if the time comes that they do not agree with each other anymore.


Title: Re: What is your opinion on stable coins?
Post by: witbla on June 17, 2020, 11:38:08 PM
I wouldn't say that we can be talking about all altcoins at once. From my point of view, much depends on the concrete platform/token and its particular prospects. And it is important to differentiate. Because again, only own and concrete analysis allows to get an objective overview


Title: Re: What is your opinion on stable coins?
Post by: hwteeer on June 17, 2020, 11:39:00 PM
I wouldn't say that we can be talking about all altcoins at once. From my point of view, much depends on the concrete platform/token and its particular prospects. And it is important to differentiate. Because again, only own and concrete analysis allows to get an objective overview

I absolutely share your views here. And talking about you, are there many promising tokens and platforms you are now following and can recommend? I only have 2 or 3 most advanced ones I am aware of, so always interesting to get a real recommendation


Title: Re: What is your opinion on stable coins?
Post by: witbla on June 17, 2020, 11:39:51 PM
I absolutely share your views here. And talking about you, are there many promising tokens and platforms you are now following and can recommend? I only have 2 or 3 most advanced ones I am aware of, so always interesting to get a real recommendation

The one I can definitely recommend you to have a look at is Centric token. This is entirely new standards on the field with really saturated roadmap


Title: Re: What is your opinion on stable coins?
Post by: hwteeer on June 17, 2020, 11:40:17 PM
The one I can definitely recommend you to have a look at is Centric token. This is entirely new standards on the field with really saturated roadmap

Exciting, but can you please share more details on the solution, please?


Title: Re: What is your opinion on stable coins?
Post by: witbla on June 17, 2020, 11:40:50 PM
Exciting, but can you please share more details on the solution, please?

Of course, yes. Centric is the world's first dual-cryptocurrency payment network. Its innovative and unique concept is engineered to achieve breakthrough as a reliable form of payment. But better Google them to have a closer look


Title: Re: What is your opinion on stable coins?
Post by: ahyadinnn on June 18, 2020, 12:23:45 AM
Stable coins are good for all the company and institutions who pays their employees and clients by stablecoins. Why? Because from the name itself it says " stable".
it's not only can be used to pay their employees use stable coins but it can also be used to trade especially to avoid the volatility and stable coin is the best solution too. The existence of stable coins are helping us so much especially for people who didn't wanna trade use the coin to coin as pair.
in addition to paying employees, sometimes I use coin stable to buy digital products, it really helps because the costs are not much and the process is also fast, besides that I also use coin stable to trade


Title: Re: What is your opinion on stable coins?
Post by: nelson4lov on June 18, 2020, 12:48:38 AM
Is those worth investments or waste investments.......?

Because if facebook libra is stable coin then it is wrong investment choice because many crypto investors look for profit coins i mean unlike stable coins they will like coins which get profits.

Stable coins were originally created to do as their names say, to be stable regardless of how volatile the crypto market is at any point in time. Soon, traders took it as an advantage for retaining their portfolio worth in  fiat currencies like USD and reverting back when the price went lower. This is one instance where using stable coins has been profitable. Aside from that, stable coins will be stable coins. In my opinion, Facebook's Libra tokens will be good for the crypto community not because they're profitable (which they aren't) but because more businesses and organizations will get aboard and support for crypto will span across more businesses.


Title: Re: What is your opinion on stable coins?
Post by: Lagduf on June 18, 2020, 01:31:41 AM
Stable coins are not for investment, but to protect value your assets. Stable coins are widely used for trading so most likely the Libra project will provide convenience for traders in the market. I personally also use stable coins as my trading coins.
I do agree with you and it's more related to protect the value of our assets from the volatility, so many people have been facing huge losses caused by the volatility that happened with their assets, This is the best solution for this problem. Libra is dead dude


Title: Re: What is your opinion on stable coins?
Post by: havoc928 on June 18, 2020, 06:54:16 AM
Is those worth investments or waste investments.......?

Because if facebook libra is stable coin then it is wrong investment choice because many crypto investors look for profit coins i mean unlike stable coins they will like coins which get profits.

Stable coins were originally created to do as their names say, to be stable regardless of how volatile the crypto market is at any point in time. Soon, traders took it as an advantage for retaining their portfolio worth in  fiat currencies like USD and reverting back when the price went lower. This is one instance where using stable coins has been profitable. Aside from that, stable coins will be stable coins. In my opinion, Facebook's Libra tokens will be good for the crypto community not because they're profitable (which they aren't) but because more businesses and organizations will get aboard and support for crypto will span across more businesses.
Totally agree! Stable coins were created for store-of-value purposes. When people need a place to keep their capital away from the volatiles of the market. Stable coins don't have a lot of things to do with profit-earning transactions since their value doesn't fluctuate too frequently and dramatically. I think stable coins are the important factors of the market where we can store our money without worrying about losing value. 


Title: Re: What is your opinion on stable coins?
Post by: irixo10 on June 18, 2020, 07:27:30 AM
Facebook Libra is not yet out nor even developed so why relating it or putting it in the same context with Tether? In my own opinion it doesn't add up. However, about investing in stablecoins; first thing is you don't invest in stablecoins because they are not investment options owing to the reason they are stable in price. Secondly since they are stable in price they are used to place a limit to the volatility of cryptocurrencies, that is, instead of watching your Bitcoin drops badly in value you can convert to Tether while waiting for a good opportunity to convert back to Bitcoin. Lastly, from this little explanation, it can be seen that stablecoins plays a role thus I do not think stablecoins are bad; there are also other stablecoins to choose from not only Tether.


Title: Re: What is your opinion on stable coins?
Post by: Davian144 on June 18, 2020, 07:32:00 AM
Totally agree! Stable coins were created for store-of-value purposes. When people need a place to keep their capital away from the volatiles of the market. Stable coins don't have a lot of things to do with profit-earning transactions since their value doesn't fluctuate too frequently and dramatically. I think stable coins are the important factors of the market where we can store our money without worrying about losing value. 
Very true, I agree with what you say, because as many people already know, stable coins are very suitable in terms of preserving the value of one's assets and for storing temporary assets in the market before being used for other things such as trading.


Title: Re: What is your opinion on stable coins?
Post by: CashbackLover on June 18, 2020, 07:34:42 AM
I don't have much to share about stable coins, the best thing about them is they are trader's best friend, thanks to stable coin trading is more easy and straight, the store of value feature works amazingly


Title: Re: What is your opinion on stable coins?
Post by: nelson4lov on June 18, 2020, 09:43:05 AM
Is those worth investments or waste investments.......?

Because if facebook libra is stable coin then it is wrong investment choice because many crypto investors look for profit coins i mean unlike stable coins they will like coins which get profits.
~Snipped~
Totally agree! Stable coins were created for store-of-value purposes. When people need a place to keep their capital away from the volatiles of the market. Stable coins don't have a lot of things to do with profit-earning transactions since their value doesn't fluctuate too frequently and dramatically. I think stable coins are the important factors of the market where we can store our money without worrying about losing value. 

Yes, That's one instance where stable coins are extremely useful. That said, I think traders are the biggest users of stable coins since it plays an active role in retaining value regardless of how volatile the market is. I usually sell tops, convert to a stable coin like USDT and when the price goes lower, I buy back. It not only retains the value of my portfolio but also helps to increase my holdings. The downside is that, they're not profitable on their own but thiis compensated when used for trading purposes. – gets the job done.


Title: Re: What is your opinion on stable coins?
Post by: Naughty Princess on June 18, 2020, 10:06:42 AM
Stable coins are good for all the company and institutions who pays their employees and clients by stablecoins. Why? Because from the name itself it says " stable".
I agree. Stable coins are for investment on the stock market from the company but not too good for investing on altcoins which sudden lost the value when investors just look on making profit and not for the future of the coin. Stable coins are better for the trader.


Title: Re: What is your opinion on stable coins?
Post by: wozzek23 on June 18, 2020, 03:41:05 PM
Stablecoin is not an investment, and if anyone said that they are, then they are wrong. They are called stablecoin for a reason and that's because they are pegged 1:1 with the US dollar and you can use them to save your money instead of keep it in a volatile crypto market. Bitcoin falls up and down, and there are times that it will be falling and you wouldn't want to hold your coins there.

Instead of having to take the long process of selling it completely, you can just exchange the BTC for a stable coin using any exchange of your choice and wait for the right time. So, they are not investment. And if you did read well about Libra, they didn't call it an Investment, it's just a way to connect the world and make transactions easy and cheap. It's going to be better than most of these other payment methods like PayPal, because it will cost less and be fast as well.


Title: Re: What is your opinion on stable coins?
Post by: coiner-88 on June 18, 2020, 05:12:43 PM
Cryptocurrency-collateralized stablecoins use cryptoassets as collateral to smooth out price volatility to ensure that the price of the coin remains stable. stablecoins are subject to the same volatility and risk associated with the backing asset.


Title: Re: What is your opinion on stable coins?
Post by: Ozero on June 19, 2020, 04:34:39 PM

Hello Crypto friends!

Recently i have known about tether and also facebook libra.

Is those worth investments or waste investments.......?

Because if facebook libra is stable coin then it is wrong investment choice because many crypto investors look for profit coins i mean unlike stable coins they will like coins which get profits.


In my opinion stable coins are bad to invest.

But facebook will change their decision regarding the libra stable coin or the libra coin will also like another tether.

Thanks!
Stable coins can most likely be attributed to more advanced types of means of payment, and not to objects for investment. Why invest in stable coins if by their nature they cannot make a profit for their holders? It makes sense to buy stable coins for some specific purposes. They are also well suited for working with a cryptocurrency.


Title: Re: What is your opinion on stable coins?
Post by: pandanaran on June 19, 2020, 04:50:13 PM
in terms of investment, a stable coin like USDT or USDC isn't too bad because it can at least maintain the value of your investment. on the other hand you can use stable coins to withdraw or convert when you trade. if you want profit then you can invest with BTC or some of the top altcoins.


Title: Re: What is your opinion on stable coins?
Post by: Harlot on June 19, 2020, 04:54:01 PM
I don't have much to share about stable coins, the best thing about them is they are trader's best friend, thanks to stable coin trading is more easy and straight, the store of value feature works amazingly

No there are not. Don't you know most of the stable coins that exists including USDT and TUSD have the ability to freeze your holdings? There developers can instantly freeze your assets without your permission. Since they are pegged to the USD or in any case a fiat currency they are subject to regulations under their government and one of it is about AML procedures that is why their issuer aka the development/project teams can freeze your holdings without you knowing and for any trader I don't think this is a good idea if there is a chance of them holding your capital back.


Title: Re: What is your opinion on stable coins?
Post by: KiloFoxtrot on June 19, 2020, 05:24:35 PM
Well you need to understand stable coins specifications well.

Stable coins are not a form of trading markets; to me, stable coins are a store of wealth so that either today or 10 years time your 99.99$ will remain 99.99$.

Traders most time convert their profits to Stable coins.
While investor hodl stable coins while waiting for an investment opportunity in the altcoins market.

Stable coins are fiats, tusd, busd, usdt etc

I totally agree! Before, I wasn't really sold yet about the purpose of stable coins. But now that I've experienced and read a lot more about what a stable coin is purposely being used for, it just makes perfect sense now instead.


Title: Re: What is your opinion on stable coins?
Post by: ije07 on June 19, 2020, 05:30:52 PM
Totally agree! Stable coins were created for store-of-value purposes. When people need a place to keep their capital away from the volatiles of the market. Stable coins don't have a lot of things to do with profit-earning transactions since their value doesn't fluctuate too frequently and dramatically. I think stable coins are the important factors of the market where we can store our money without worrying about losing value. 
Very true, I agree with what you say, because as many people already know, stable coins are very suitable in terms of preserving the value of one's assets and for storing temporary assets in the market before being used for other things such as trading.
Stable coins can be categorized as coins that can maintain the value of your investment. as we have seen that stable coin movements are only significant at fixed prices and this will not make you lose the investment value. on the other hand stable coins are often used for trading because they can maintain their value too.


Title: Re: What is your opinion on stable coins?
Post by: lobo13hf on June 20, 2020, 03:38:19 AM
in terms of investment, a stable coin like USDT or USDC isn't too bad because it can at least maintain the value of your investment. on the other hand you can use stable coins to withdraw or convert when you trade. if you want profit then you can invest with BTC or some of the top altcoins.
It's not the main purpose of stable coin and it will never be an investment instruction. Stable coins exist to solve the problem of volatility that have been faced by so many people since bitcoin exist.
This is the main purpose of stable coins


Title: Re: What is your opinion on stable coins?
Post by: Sendi blackspade team on June 20, 2020, 03:51:02 AM
It's not the main purpose of stable coin and it will never be an investment instruction. Stable coins exist to solve the problem of volatility that have been faced by so many people since bitcoin exist.
This is the main purpose of stable coins
You are right but the problem is that traders and investors now prefer stable coins to save their money after trading or when they see the market in bad condition. the adoption of some altcoins is slightly reduced.


Title: Re: What is your opinion on stable coins?
Post by: suryana on June 20, 2020, 04:34:13 AM
in terms of investment, a stable coin like USDT or USDC isn't too bad because it can at least maintain the value of your investment. on the other hand you can use stable coins to withdraw or convert when you trade. if you want profit then you can invest with BTC or some of the top altcoins.
Yes, I also do like that. When trading, I often withdraw my assets to stable coins. But for some people only using this stable coin as a value keeper their assets so as not to volatile. But for Hype lovers, of course they don't like stable coins.