Bitcoin Forum

 think if we should look back in 4 years back in cryptocurrency industry, crypto do very well to be stable in the price value, but is very difficult this days to see crypto that's actually valueable, not until we started seen stable coins in the crypto market but there's no change in the value, Do you think we need stable coins?

stable coin is very useful to be able to keep assets in order not to fall you could certainly see when bitcoin has decreased drastically suddenly then you will experience substantial losses see today if bitcoin fall we can buy a stable coin with a value fixed for example you buy one bitcoin at a price of $ 10000 you can sell at a price of $ 11000 with stable coin usdt and USDC if bitcoin down $ 9,000 you can buy more with stable coin bitcoin is very useful for traders bitcoin.

It just takes patience and perseverance to value the true nature of bitcoin. Prices rocket up inconceivably bitcoin on it's way to $20,000. If said thing is to happen, it will be very unwise for you not to know how to Increase your Btc instead of Just Hodlin. I got this tips first hand from Larry Thompson. He is always one step ahead of other traders, he fully monitored all my trades to avoid me making mistakes and losing my money.

Stable coins are very useful most expecially for crypto traders, I always make sure I leave few hundreds of dollars in my wallet to buy coins when price goes way to low for a top altcoin or bitcoin, usdt stable coin is the most popular and it's available on many exchanges, DAI is the best decentralized stable coin if you want privacy

stablecoins are really useful in this market that is always volatile, you can keep your assets safe at stablecoins, useful in buying and selling very large because their value is not lost, and traders need stablecoin.

The stable coin can be a very good option for those who wanna try to avoid the volatility, stable coin can also be used as a stable payment system too that the merchant will not feel worry about the possibility to get a loses due to the volatility.

Basically everyone needs stable coins only in terms of temporary asset storage, but specifically everyone also needs good and volume-wise coins to make it easier to trade for profit, because stable coins will not be suitable for crypto trading.

Yes, we really do need stable coins because stable coins help us during the volatile market. It's a kinda safe haven when BTC is dumping/pumping like crazy because whenever BTC pumps or dumps hard all alts suffer.

Yes, we do. Just imagine that stable coins in crypto play the roles of fiat currencies in real world. The primary use of stable coins is to measure bitcoin's price. That said, only a couple of stable coins is enough. We don't need a ton of stable coins like now. The problem with stable coins is authenticity: an USDT must be backed up by an USD.

Stable coin is a life safer from unstable crypto market, it's best way to keep your coins locked at a fixed price or stable price, it's a perfect safe haven from volatility, only those who don't understand what stable coins do will talk against stable coin

Without stable coins it isn't easy to get into trading. Most of the small volume traders prioritise cryptocurrency pairs with stable coins on trading. Also users who are worried about the market fluctuation of cryptocurrencies can prefer holding stable coins. This will be more secure and won't affect the capital.

Yes I need stable coins for the following

1. To make trades on binance exchange
2. To hold few dollars and wait for opportunities to buy coins at very cheap price

Crypto market is very unstable, price surge and price dump unexpectedly most times, having stable coins in your wallet is the best move for trader who knows what they are doing

Of course, we need stable coins to insure the risks of trading. If stable coins do not exist then people will not be able to exit the position in time and will lose their money

While the future of main crypto is still uncertain. One of the biggest issues is Bitcoin's status as a store of value and a bubble that can increase and decrease any time depending on the fundamentals, Stable coins are considered as safe heaven by investors and traders to avoid this huge losses.

Mostly adopted by top exchanges for trading, look at BTC/USDT, ETH/USDT AND LTC/USDT Volume compare to other trading pairs, stable coin dominate the entire exchanges.
Majority of future Exchange  traders /institutional investors preferred to be settle in PNL USDT than BTC.

This stable currency are also alternative to Fiat/ physical currency

Stable coins are all about trust and the trust is based on the link to real-world assets.
That is the weak part of stable coins the link with these assets.
Who guarantees the amount of needed collateral and the collateral can't be invested in other assets so the financial return is zero.
With a financial disaster and a huge amount of stable coin in circulation, the system can collapse.
Do we need Stable coin, yes!
I work on the application of Stable coin for Stakecoin.
But have no solution for the collateral funding.

Stable coins mostly use by traders in exchange, for traders who always want to secured their profit that currency can help mostly if you have large funds use for trading.

We need this so that our trading will not be disturbed every time we want to take profit without having  the need to use  our banks to secure it .

now we still need it, because to save funds from our trade, we know that crypto currencies are still very volatile, and stable coins are still needed, just wait until crypto currencies are not volatile, then stable coins I think there will be no need anymore

You are a newbie and you aren't into trading that's why you don't understand how important stable coins are, crypto isn't always stable and only stable coins gives full stability to its users, store stable coins for trading or for fixing volatility

Stablecoins are the nice safe haven inside crypto space, they have thier own purpose for sure

Stable Coins are a comfortable way to secure a profit or to prepare a certain amount of money for an investment that won't change in value every day.
You don't have to think about volatility of ETH for example all the time and can be sure that the 1000$ you paid for are still 1000$ in a week or month.  :)

There are many advantages of introduction of stable coins in the crypto market. Stable coin is not only a powerful tool for crypto traders who make profit on price fluctuation but also a system to reduce crypto price volatility. Prices of crypto has been less volatile after the popularity of stable coin. The current price trend is an example of it's action.

I am a full time crypto trader and I trade using Bitcoin/usdt coins and trading pair, most times I keep USD in stable coins and wait for a perfect time to buy back some satoshis, this is the fastest way to double your Bitcoin, usdt and other stable coins are very useful in volatility market

They can't secure their money. I remember this has become a big problem in the past when so many people were looking for the thing to solve the volatility problem. Stable coin is really needed by anyone right now and Im also using it right now.

Most of the traders do the same. I'm not an active trader still I managed to sell 10% of my holding at 11999 today and am waiting to a market movement to decide another buy. I'd wait if the market still falls but would buy anywhere below 11300 if the price starts to move up. This simple grid trading strategy is effective if you are taking fiat as your initial investment.

stablecoin are not created in order to make the crypto market less volatile but to reduce loss because we know crypto is highly volatile. However, stablecoin pair has grown to become pairs that are highly traded. This is to let you know that people want to make a stable profits from trading. Not like before that when you make profit trading coin, the volatility affect the price and all your profit amount to nothing. The only issue we should be worried about is how reliable and sustainable are these stablecoins ?

This is also I want to say its very helpful for regular traders that use that currency every time they want to take profit.

You will not earn money having USDT or other stable coins but using it for trade pair is very big help for traders and many people prefer using that in exchange than other crypto currency trade pair.

Anyone who sees negativity in stablecoins is not a real trader. The crypto market is highly volatile and wise traders lock profit in stable coins. Some even hold stablecoins to take advantage of the market during massive dips, which is a nice concept. Aside the legal issues faced by Tether (USDT) founders now and then, I don't see any negative concerns for stablecoins.

BTC pump and dump like crazy huh? The real crazy from pump and dump scheme is altcoins!

Now BTC get minor dump in the last 24 hours (-3,88%), while HedgeTrade gain major pump for +32.18% in the last 24 hours. Changing +30%/day? it's crazy shitcoin. I believe tomorrow this shitcoin will get major dump.

Whats? You said a centralized coin who can be frozen anytime a perfect safe haven? You need to study more dude.

The most safe stable coin is only DAI, since it's decentralized and can't be frozen.

Read : [UPDATED] PSA: Most Stablecoins Can Be Frozen, Even in Your Own Wallets  (https://bitcointalk.org/index.php?topic=5204055.0)

I rarely use stable coins, but those coins are sometimes needed as a safeguard of assets because when it is bearish at the beginning of 2019 I use Stablecoin for a while to secure the portfolio and the results are quite good, and also sometimes Stablecoin is often used to participate in projects that hold crowdfunding because of they accept some cryptocurrency among them certainly is stable coin, especially for USDT & USDC.

When stablecoins first appeared, there were a lot of negative and conflicting opinions about them. I have now re-read all the comments here, there is not a single negative comment about stablecoins. Everyone recognizes that stablecoins are a good and necessary tool for trading cryptocurrency and, in general, in all cases, a good gateway between the common currency of states and cryptocurrency.
In what follows, we will only be forced to distinguish between different types of stablecoins. For example, by the form of ownership: private, various kinds of commercial, state (that is, stable coins of their central banks), regional (stable coins of several states) and others. We will choose in terms of their reliability, practicality, liquidity, and safe use.

at the moment I see that the products of the USDT are not too much of a concern just because the legality constraints of the government are not overly thought because so far as I know any digital currency or cryptocurrency that uses blockchain technology, the government will not be able to control it in any way, the movement of the coin depends from the owner himself.

 Yes it is very safe for temporary storage but in my opinion it is less attractive if for daily trading or long term because of its movements but on the other hand it is also very safe if trading in a stable coin because the up and down movements will not be far so as to reduce the amount of loss

Stable coin is necessary for traders and holders too, you can use stable coins to keep USD in your wallet for long time and when Bitcoin goes down like it did in March 2020 all the way down to 3600$ it's always a good time to buy back using stable coin

The extremely strong growth in the number & capitalization of stable coins has recently reaffirmed their importance and importance to the crypto ecosystem at the present time. They are both a bridge that connects the traditional economy with crypto, and a haven for assets at a time of high market volatility. PayPal & Visa also started researching and accepting crypto, starting with stable coins instead of Bitcoin or ETH :)
There is probably no need to be more skeptical: for the time being, we need stable coins.

of course, do you want to see your money go down when the market goes down and there is no option but to exchange it for fiat then trade it back and buy when the market starts to improve, it will be very troublesome and time-consuming.
that's what the coin stable is for. You don't need to exchange your crypto for the original fiat when you don't want to trade.

But why wouldn't those people choose fiat money that are as stable as stablecoins but also backed by the government?

Most stablecoins are backed by promises and some are even backed by lies (usdt).

My opinion is that stablecoins can be useful by people who are not allowed to trade coins for fiat money or want to avoid taxation by exchanging to another coin instaed of fiat money but that's it. Don't ever trust stablecoin or treat them like an investment.

Yes we do, we are really need stable coin for a reason. Stable coin are needed especially in a condition when Bitcoin and Altcoin are dumping, which is it will letting us to save our assets by selling it by fiat pair, and we can rebuy again when we feel the price of our assets before already reach the bottom, or atleast gradually buying it again little by little while it rised up again.

Well, looking at how people are using it to a great extent we could say that it was something we needed from the start of crypto currencies but discovered very late. I would say it required a lot of capital plus a bit more legal trouble (which tether surpassed by being in shady countries) which is why it took over 10 years for first one to exist.

At the end of the day I do not see them really like a problem but not a solution neither, bitcoin was always something we could turn into fiat and back anyway, the only thing that it allowed was places that does only altcoin trading and no fiat trading is now capable of doing fiat of sorts with the stable coins, that is all it was helping to and for some reason it got a ton of attention as well, hopefully it will never become a problem or a trouble to people.

To an extent, Yes we need them because they help in protecting funds against crypto volatility, this is the only huge usefulness they have. To show you how much they have grown because we need them, take a look at how many users that USDT have today, even to the extent that you can send USDT via three chains, ERC, Omini and TRC, all in a bid to ensure faster transactions. However, irrespective of their usefulness against crypto volatility I do not trust them so much to hold for long. Furthermore, there are still cryptocurrencies that are valuable but however, they are just few.

Crypto always was volatile; if you go back and check the market history, you will see Bitcoin price went to 200$ from 600 couple of times, so? Instead, I would say this stablecoins are saving many people to get ruined! Because many coins price collapse suddenly, to protect your assets, you need a stable coin! Also, stable coins are ensuring bigger profits than ever before! For example, we had no option back to convert the falling down Bitcoin into stable currency, so we could not avoid the 50-60% dump, but now we can do it. Stablecoins protect your assets from dumping, you may think again!

As has been repeatedly mentioned on this cryptocurrency forum, this is a way to leave the zone of influence of financial regulators. It goes without saying that you need a stable equivalent to fiat currency.

Well as being a trader I use stablecoins, obviously tether to escape the market volatility, I'd rather use stablecoin than sending my bitcoins off from an exchange to my wallet, in some instance when the price goes down the time you send it you lose a bit of it, so avoiding that will need a stablecoin. If you're not a trader, and just some sort of investor of a great coin for a long term you might not see the effectiveness of using a stable coin. And these stablecoins are pegged 1:1 for any fiat, so trusting them is not a problem unless there has been a scandal leaked behind it.

The market is going wild and stablecoin is a must use for every short trader out there  ;)

Yes, for me stable coins are really very important. I am a small day trader. I buy-sell tokens all most everyday. Most of the trade of mine done in USDT-coin. So, when I don;t find any coin to buy I hold my USDT on my account. Buy doing that my balance stays stable. It doesn't get affected by the price movement of btc or eth.  If you are a day trader you should start using the stable coins too.

You are right, to a large extent I think we need stablecoin around to secure our funds during the time of market instability, I didn't know about the use of stablecoin back in 2017 so I couldn't save some of my funds, I lose lots of my investment as the market went down, if I had known more about stabecoin then maybe I would be ready, so yes, I think stablecoins are very essential.

I think we need but too much stablecoin is not. We already have too many of these coins but their actual use case are all the same. I understand some uses it to benefit on their supported country but if you expect it will go up. There is no point calling it stablecoin if the value would increase. It will but only to the market correction and depends on the pricr it should be valuable.

Yeah, you're right. We really need stable coins in this market. The reason is that the cryptocurrency market is volatile unpredictably. Therefore, investors and traders should have a way to store their capital in a coin that doesn't fluctuate too much and as stable as possible. However, you're also say that too much stable coins will not benefit our market, this is true as well. Volatility is the reason why we can earn profit out of the differences in the coins' value. If there are too much stable coins, the market will be saturated.

you mean stable coins makes no sense because they dont increase ? you can read its name again and you will know why  .  devs wont create it if theres no purpose for it  . i know other devs can create a useless coin but their goals is different because they only wants to scam while the other wants to provide a solution to the known issues on crypto . there are times that crypto became stable but it does fluctuate too although thats not really noticieable before due to the small values of cryptos compare to now. 

If you are not a trader then you don't really need stable coins and saying crypto is stable is deceiving, we all know that bears can hijack the market at any time because crypto volatility is not something we can escape, sooner or later it will happen

We really need stable coins in order to keep our investments in them at the right time, because we all see how often the cryptocurrency market falls and falls very strongly, and it is at these moments that we need to keep our investments in stable coins so as not to lose our investments.

It's a good option to have. I use USDC regularly and it can be useful particularly during periods of volatility.

If we look at the benefits, then not only does the USDC have benefits for everyone here, but the USDT is also very useful for everyone both in terms of saving assets and others, because stable tokens always have benefits in any period.

I think converting your bitcoin to fiat have alot of fees, it might cost you alot just to convert 2 times because of fees, if your plan
is to preserve your portfolio value when a dump is happening,  with stable coins you just have to pay the trading fee, which saves you alot of money.

I usually use stable for be ready to buy when alts or bitcoin dump. Some exchange don't have fiat and I have to pay with my creditcard. Douring the period when my stable are holded I usually invest them in lending

This!

Many times have i traded altcoins for BTC, only to have an actuall loss in $ due to BTC fluctuation. For example, i sell altcoin X for 20% profit, yet i get less money because BTC has gone up or down.
Also, consider scoring big money, which you want to withdraw. Best thing would be to convert it to a stablecoin (say USDC) and slowly withdraw daily or weekly. If you keep BTC for longer period, you might end up losing some of the money if BTC price falls.

of course because crypto currency is very volatile so we need stable coins when the market moves up and down very quickly to avoid losses when a dump occurs.
everyone will not fully monitor the 24-hour market.
So the right choice when you don't want to trade is to change it to stable coins, unless you intend to keep your coins and are sure if the coins will rise.

Yes please, we do need a stable coin. With stable coins many institutional companies are now having confidence to invest in CRYPTO. It will be easy to trade derivatives with ease. Exchanges like INJECTIVE protocol will also have a boost of liquidity so every thing tradable can be traded.

We definitely need it, because when the market collapses, stablecoins will be the best option for us to take refuge in. I regularly use stablecoins to trade and profit from it. Without stablecoins, I believe that everyone in this market will lose a lot

Yes we really do need stable coin for in case of bitcoin halving the money could be converted to these stable coins. Due to high transaction cost between fiat and bitcoin conversion the  better not do it instead those stable coins will help you to avoid the depreciation or loss from bitcoin market crash if it does.

There are few stable coins in the market and it is easy to spot them also for one can use google to search for the stable coins. In my case I know some already there is no problem already whenever I need to convert my btc to stable coins.

We need stable coin, if not, it would not grow to a big market, the biggest stable coin is in the top 3 of the market, so that explains a lot why we need them. People who enter in crypto especially the traders need a stable coin if they don't trust an altcoin to trade, as we can see on the volume of stable coins in the market, we can tell that majority of the traders are just trading on bitcoin movement and use USDT and other stable coin for trading.

but one has to be careful with stablecoins. not all coins can exist very long. I only trust 2 stablecoins, USDT and USDC. other stable coins can disappear very quickly

I need a stable coin to store my money in a stable coin for a while, especially if bitcoin price is hard to predict, and we don't want to see the value of our money is a decrease from time to time. So we can convert the bitcoin or altcoin to the stable coin, and we don't have to worry about decreasing the value. Besides that, I think the stable coin will have another reason than just storing the value of the money from the decrease, but I don't know much about that.

I don't think this is necessary because there are already some good stable coin projects and also exchanges providing tokens or altcoin or can also be called digital fiat from each country's currency, so that is enough to secure our assets when the market is really bad or also to make money withdrawals to a bank account.

well it is a very good step because it can secure your assets when a dump occurs, so it can be said that the usdt has an important role for traders, so it can be said that stable coins are very important and very necessary.

Stable coins are highly needed, without stable coins I don't think that there will be a lot of investors in crypto space as we have currently, because the volatility in crypto is high and lots of people will suffer huge losses when there is no where to hedge to

Aside from that, it is also good for fast transfer from one exchange to another unlike using fiat currency which can take a day or two depending on what portal we use.  So at least this is an advantage of the stable coin over fiat currency, but aside from that, I don't see any reason why we need stable coin since it is so much better to convert BTC to back fiat cash than stablecoin.

I do think it is a good asset to protect your investments and portfolio's value against volatility. Stablecoins can also work much better for DeFi products as well as for current banks so I think they are good for the transition that needs to take place from a centralize model to fully decentralize model which I think it could take some decades to fully become decentralize.

We need all possible varieties for the crypto but the problem is that when a new possibility arises, there is a copy sequence later. So some stable currencies help in transactions and changes in values for some exchanges or some moment of appreciation and maybe some fall. So to conclude we don't need large quantities of stable currency project.

For as much as cryptocurrency is concerned, everything is still evolving. The concept of stable coin is actually a response to the volatility of Bitcoin and other decentralized currencies. Due to the volatility and to get much people to adopt the new money, the concept of stable coin was muted. So at the prevailing circumstance, they are very necessary. However, if there had not been the volatility, there would not have been a need for stable coins. And note that the volatility is a intrinsic part of decentralized cryptocurrencies and therefore it will not go away.

of course we need, stable coins existing for traders! how you think traders fixing their funds?? also BTC and ETH is too much unstable to hold money in them!

Stable coins are the perfect tools for trading crypto on top exchanges, you can use stable coin to fixed your USD or coins to avoid volatility or dump in value, if you are worried about security use decentralized stable coin like DAI but stay away from Centralized stable coins

Yes. We do need stable coins. The crypto market is crazily volatile and as such, stable coins are needed to protect investment when there's a fall on the exchanges. When investors dump and you're uninformed, you'll end up with loses.

I believe they are a response to bitcoins volatility and it's this easy to exchange to usdt or BUSD depending on which exchange byou trade with. However, the stable coins are becoming much and you're almost undecided on which to have. It's major advantage is that you get the dollar value no matter drop or dump.

Think again. I never trade for stablecoins because they are fake substitutes of real currencies.

I used to trade a lot a few years ago and always chose fiat money.

Some of you are clueless about stablecoins, especially those who talk about investing in stablecoins or complain they don't bring much profit.

What you guys are talking about could be stuff that you could invest with fiat anyway, if that was an option. Just because some exchanges do not want to deal with banks and so forth and do not give you that option, doesn't mean that stable coins are needed, it just means that you need those exchanges to allow fiat as well. If you could have fiat in there, it would be listed just like usdt or usdc whatever but instead of saying usdt, it will say usd instead and will be the real one.

Obviously you will be able to withdraw to your bank account as well. If you are worried that your altcoin investment would go down because bitcoin goes down, you should be capable of investing into that altcoin just like you can with usdt but instead of that you should be doing that with usd instead. So, it is not a "must" but something exchanges offers instead of the real thing.

Stable coin only trust, in any situation price should be the same as USD. Recently Binance also launched its own USD, already ranked 61 as coinmarketcap. You can't calculate your profits without stable coins when you are in hard trade. Market collapse time is always faster than selling your altcoins or top coins, as our different choice we trust different stable coins.

Yes we need stable coins or something that can be used to peg USD/BTC for trading or just storing USD in the blockchain and stable coins like USDT works wonder, non traders might not know it's usefulness but traders does.

I think stable coin is very important in cryptocurrency because the volatility of cryptocurrency is very high.
If the volatility high, then many people may afraid to using it because the value keep changing.
Decentralized Finance project need stable coin too, as you can see many DeFi projects has been created.

Can you explained why its necessary? I think stablecoins swarming the market already and their purpose has no difference with each other aside from the option people got a lot to choose from. But question is do we really need that many? I mean less than 10 stable coin is enough for everybody to use and drop those stablecoins that are not necessary needed. It will only divide the investors preference. If we focus on major ones maybe the marketcap can be easily boosted.

Stabecoin is a must in a high and prone to volatile markets like cryptocurrency. Since the beginning, that was stablecoin's goal and so far, it filled the role as we have seen. Of course, it still has some flaws and downsize that make a number of crypto users don't trust it like you. To be fair, we just need to use it and care for nothing else.

Indeed. I think we still need a stable coin to save the money from the volatility, and I think many people use the stable coin because they don't want to see their asset in crypto will reduce too deep. The stable coin itself can help us to prevent the downtrend of the market which always happen every day, but we need to know how to use a stable coin, so we can still invest in the other coin.

Stable coins are useful when we are experiencing a bear market because we can use it as a safe asset that it will help us to avoid and stop from getting our losses and protect our investments. Stable coins are also like fiat currency that is good for making transaction in online because it is fast and cheaper.

If you are a trader who wants volatility you may think that stable coins aren't needed in crypto but for crypto to be used as a form of exchange for the broader audience we definitely need something less volatile which means that stable coins are an absolute must going forward.

With the current market situation, it is good to have the top coins as those are the ones which are moving up quickly and bitcoin and ETH are the ones which should exist along with some other coins. Stable coins are fine, but the proper allocation balance should exist and again it depends upon user profile risk.

4 years ago nothing was really stable in any cryptocurrency except stable coins, everything was fluctuating until it reached its current point.
There are many stable coin functions, it can be a safety deposit for your assets when the bear market comes.

Some people use this coin to avoid the volatility and that's really needed by anyone. The total supply of stable coins will increase with the grow of demand at the same time and that make USDT or anyother stable coins will exist forever.

of course we need it to exchange our coins when the market goes down or when we don't want to trade.
because the price of each coin fluctuates over time which can result in the rise and fall of the value of a coin very quickly.
I am sure that everyone with a stable mind is still needed.

Traders needs stable coin and holders need stable coins too, usdt for example has big marketcap for a reason, it's because many are using usdt to keep dollars or to trade on exchanges, every top crypto exchanges supports USDT

Stable coins act as intermediaries in this market as the way that USDT and other stable coins are doing and after in the future, maybe they will usually be used in daily life, replace to cash.

For Traders, stable coin is very helpfull to avoid pump and dump price suddenly.
Because crypto market is very high moving. Sometimes it can moving down drastically in only one day.

It's difficult to stop the creation of new coins.
You will see more of that as time goes by.

Why? They saw a profit in this industry. They won't mind spending some money if it will come back tenfold.
Traders can now easily do their hobbies or jobs because of stable coins.
Although it is not necessary to make a lot. Just 1 should suffice.
There is still the mindset of conversion for a lot of crypto enthusiasts and as long as that happens, it may be difficult for them to view it as a real currency.

Stable coin is useful for us if you know how to take advantage it. Like if the market is in bearish trend and you are hesitant to buy a coin, stable coin is perfect to store your money.

To avoid losing further you can also switch your assets to stable coin then buy back once the market is recovering.

Its just depends on your strategy, we need a stable coin in crypto because it has uses that favor to us.

In my memory, only one stable coin disappeared, but they returned money to everyone

Stable coins is the best option to keep your fund at a stable price, it works so well and that's why USDT is so popular today and still adding more money into crypto haven, very useful asset for crypto traders

There are many stablecoins that are scam in this market, so be really careful with it. Scammer is always present in this market and if we are not careful, they will fall into their trap. And choose the largest stablecoins in this market to use, it's safe and has much greater liquidity.

   You can keep your fund at a stable price by holding cash, or just leave the money in the bank, it's the same. But over time
because inflation your stable coins are losing value.
   I think that stable coins are good for traders who are exchanging crypto-currencies all the time, I don't have stable coins
and I don't use them. If you ask me we don't need stable coins!

Stable currencies are a solution to prevent asset loss but the liquidity of such currencies is unstable and the exchange rate difference with FIAT currencies is too great. 1 USDT is equivalent to 1 USD but in some cases, 1 USDT is lower and higher than 1 USD. I think this is not good and stable. A better solution is needed to bring stability to the market.

Yes, it is very powerful tool for trading, lending, and all financial superstructure built on blockchain and decentralized finances. The problem is again with regulators because all of these coins are money, not like a Bitcoin that is considered as a form of digital asset. So who knows how regulators will deal with it.  ::)

I remember that but mostly stable coins still exist these days and I think it's really needed by all of the people. it's not only some people were using it right now but we must remember if all of the people have been using this alternative coin for the fiat money.

The volatility in the cryptocurrency market is very high so I think a stable currency is very important in cryptocurrency. Because cryptocurrencies are very volatile so the right choice to avoid losses when a dump occurs is to convert to stable coins. The market must have a stable currency to control market volatility. This will reduce the fear of investors in the market and will be confident.

in my opinion, we need new innovations and new technology to help create stable coins that can be trusted to always minimize fraud in the crypto world as well as minimize the creation of junk coins that only benefit developers and then disappear

Yes, we do need stable coins, and the best answer I could tell you why is to look at how stable coins help in the bearish market. What do you think will happen in that time if we don't have it? Where to escape from or save our bag's worth if there are no stable coins? Ask yourself those questions and you will finally see it usefulness.

still need to need stable coins, for me stable coins are useful for storing assets safely.  because the price does not experience this drastic decline and increase like money, but the difference is that it is easier for us to convert to other coins if one day we need to trade, buy and sell crypto transactions.

Certainly we need stablecoins, it helps the liquidity of this market greatly increase. Without stablecoins, I believe that this market will not be as grow as it is now. And be really careful with stablecoins because many stablecoins are fake and you should only choose the top stablecoins to be safe.

stable coins are always needed, although there is a lot of controversy, but for now I and all still need it,
maybe in the future stable coins will disappear, because the meaning of decentralization is not stable coins

stablecoins are needed in someway, but I'm still not sure how exactly.
I think that the worst thing about stablecoins is they're centralized mostly and that blows away most of  good things of typical cryptocurrency.
But they're helpful also and I still can't see the solution to this - if crypto market won't offer users something as useful as stablecoins and more secured, I believe we won't get rid of them ever again

Stablecoin makes it easy for investors to access this market. And it keeps investors safe when markets bleed or crash. Without stablecoins, I think this market would have died a long time ago when the price of cryptocurrencies fell many times.

yea, we need them.
But we need trustworthy stablecoins with transparent stucture and backing, not like USDT.
Stable coins could be better for bussineses who operate around the globe , small and big. These coins could provide fast ,safe, cheap transactions.

We all need stable coins, even the trading volume of USDT is the highest in the crypto market. This means
that stable coins are needed, for me to avoid volatile crypto prices I usually keep assets in stable coin. Even
when I trade for the profit I make I save it as stable coin.

Well, if we are in the past, it is only possible that we really need an Stable Coin since it would have the capability of being an standard within the Cryptocurrency Industry. Although within the years, we saw that every Alternate Coin has the capability of that and it just depends whether people decide if it can be an Stable Coin but that process would take years and developers need to think of a way in which they can profit from it.

We would not need it in case all the countries around the globe legalizes cryptocurrency. But that is not the case we are having right now. We have markets such as China, where fiat to crypto (and vice versa) trade is prohibited. Under such circumstances, the traders have no option other than to use Stablecoins. However, these coins have no usage outside the exchanges.

Stable coins helps you to avoid pay taxes while you trade  fiat and crypto. In most countries you need to pay capital taxes at the moment when you change crypto to fiat. Stable coin sis like fiat just that is legally not fiat but crypto. So people that bold Bitcoin for stable coin and are waiting to buy back after few months dont need to pay taxes now but only latter when will actually sell for fiat.

Well, in my opinion not everyone needs stablecoin. It is for active traders and to make transfers with stable value worldwide while staying under the cover of blockchain and crypto. Personally i like the concept of stablecoins and with each and every country coming up with their official coins it shows that the need for stablecoins is real.

Nowadays many unstable coin after a certain time tends to be a scam or shit coin or even no value that make some of the project maker think of stable coin which is nowadays a good coin because we all know that the crypto world and industry is so volatile for change and it can really change so far and having a stable coin can boost the morale of the crypto enthusiasts here.

in my opinion, stable coin are very important to hold the money we have in cryptocurrency so that the price doesn't go down when we don't want to invest in altcoin yet, because if we save our money in BTC or ETH then the value will be able to change only in the near future (it can go up or down), therefore I personally really need stable coin.

Maybe not for you and maybe you have not seen the need to use it which is understandable but to be frank, stablecoins are needed. Now their needs is only limited that is, they are meant to be used within a particular time frame, because since they don't grow in value it doesn't look good holding them for a long time. In addition, this particular time frame aforementioned is during bear market to protect our assets against volatility but once the market looks good, then holding other cryptocurrencies like Bitcoin becomes better.

All stablecoins are centralized and undermine what crypto is about. People are willing to make that sacrifice for the sake of convenience. There are already many doubts surrounding Tether and being one of the biggest coins in market cap it has the potential to collapse the price of Bitcoin if we found out it was all a scam the whole time.

yes I think we really need a stable coin because it will be very useful in saving funds for transactions and can be stored for the long term without fear of falling prices and also have low risk
i really like coin stable

In various platforms the stable coin have already used for the various purpose too. In lending service and it has already used as a collateral and in trading and it has also used to avoid the volatility. The stable coin is a must for everyone consider from its usefulness.

Is that the only reason why stables coins are created? I mean for sure he/she wouldn't have know in the first place that why she/he is asking. Me, myself have been around in crypto but I don't really know what any other uses stablecoins can bring aside from being an alter to cryptocoins when traders needed them.

I personally don't see the reason why every cryptocurrency should be stable. Its awesome to have the volatility of cryptocurrency as we see in the present market. The major reason why people benefit from trading in this space is because of volatility. There are several stablecoin project emerging daily and USDT is no longer the only stable coin in the space we have several others like the BUSD, USDC, DAI etc. The stable coin market can run simultaneously with the volatility market.

USDT makes this market more liquid, you can see most altcoins have USDT trading pairs, with the current development of USDT I believe in 2021 it will surpass the capitalization of XRP and 3rd place in coinmarketcap

Stable coins has stable values backed by the fiat and it is not going to make the whole crypto market as a stable market, the decentralized currencies are still at the top most of the coinmarket cap and there were thousands of them also gets value them in that way.We don't really need the stable coins but it is useful for the traders that is why tether is on the top list as well.

I agree with you, if we were holding stable coins to this day during the improvement of the market, we would have lost a lot of profits, these stable coins are useful for those who understand market volatility and know the right time to buy and sell, In this case, stable coins would be a good choice for him to protect his money from risks.

Your last statement is valid, we need stable coins since the crypto market is highly volatile especially to lock in profit. Also, some people hold stable coins to buy their favorite coins at dip as a trading strategy. Stable coins are very important in this space, hence anyone against stable coins doesn't really comprehend the necessity.

If cryptocurrency prices are stable then one should not dream about what to do. Because if the price is stable then there will be no profit in this case. Many like me have taken cryptocurrency as their job. We can only benefit when the value of cryptocurrency fluctuates.

There is no reason to legalize cryptocurrency in all countries of the world. Whether any country in the world legalizes cryptocurrency or not, their activities will continue. So always hope cryptocurrency good luck tie.

For many traders stable coins are important but since many sees top coins as stable because of fast recovery thy have no problem storing funds in Bitcoin, ethereum and few other reliable top altcoins

The price movement of cryptocurrency can never be stable because if you know that the cryptocurrency price will have a significant movement, if there is no price movement it can be said that the project is dead because there are no buyers and no one is interested in the project, so it is certain as happened to bitcoin the price is always moving up and down.

WE actually need it as a subtition for the fiat money and everyone will be able to using the stable coin as their best option for the cash. In crypto stable coin has a very important role and it will also increase the liquidity.

This is right! Stablecoins in the cryptocurrency market have the important role! Because the cryptocurrency market is very volatile, investors need a way to store their capital without being affected by the fluctuations of the price. Stablecoins are created to keep their value as stable as possible, for example, the value of USDT is always around $1. Therefore, we can store our capital without worrying about losing value!

that's actually false. most of people still sees the true cryptocoin as an asset that fluctuate a lot. most of people are still using USDT to save their asset worth and thats the reason why USDT market is so big right now that they could issue so much money like crazy despite all the rumour.

Stable coins would be ideal in this volatile market. Stable coins mean stable profits.
Stable coins could prevent losses and lessen the risk of investing and trading.
But crypto industry has always been volatile in movement and will continue so.

Yes, stablecoins are good for many different use cases, it is a tool for decentralized finances. It helps to create different financial instruments such as hedging, lending, etc. But the problem is how to create really decentralized and trusted stablecoin? Tether is stable, but it is not decentralized. DAI is decentralized, but every time when crypto falls, we pray for the stability :D.

I think that we don't need stable coins and stable tokens. The solution to the volatility could be achieved once every trading platform allow their users to instantly change between Btc and altcoins into Fiat. To be honest, the fact that the fiat pairs aren't available is the reason why stablecoins exist. I think that they are worthless, taking the marketcap that should be injected into bitcoin and altcoins.

You are really right and the impression is that decentralization and stability are simply incompatible with each other and we have to be satisfied with such stablecoins that we have today. At least for me, it is Tether that satisfies all my requests, which are primarily related to minimizing risks when trading and investing.

Think about it, you need money to spend on your life. And in this market, too, stablecoins will help you easily buy the altcoins you want in this market and do not spend too much money for exchanges.

actually in this cryptoqurrency space there are already many stable coins such as USDT, USDC etc. Stable coins are often used for Trading Pairs or keeping your investment safe, because stable coin prices always move at a fixed price. If you don't like a high risk appetite for investing, then stable coins are your choice.

if tether cant handle both worlds it can still work on one which being stable but not decentralized atleast it help you not loose precious gains but at the same time you can still convert your stable coin to cryptos again if you want the decentralized feel .

 i need stable coins , why not . we all need it because we value every gains that we earn   .  those who said they dont need stable coins are going to face huge risk or wont stand for too long in investing .

There is no actual stable coins like USD or EURO in crypto markets or supported  with those stable coins which are considered the most usable stable coins in the world. Ue use USDT for majoring our portfolio but USDT is not real USD. So there is a need of stable coins like USD or EURO but by nature, it is still not possible. Who knows future will say?

Of course, when things go bad for crypto, we need a safe haven to preserve our holdings. And it's a lot easier to convert to stable coins than converting back to fiat especially when you are trading.
Stable coins also have a great use in e-commerce. It is made to solve the problem with volatile cryptocurrencies.
With the given fact that these currencies are not volatile, it can be used as payment for transactions. And take note that most stable coins like $BUSD ($USDT is not 100% backed with fiat USD) are fully U.S.-regulated and are backed with real fiat.

stable coins are important.. far more important than you think... when the market is down and you're feeling helpless quickly think stable coin.. that's all I have to say... goodluck

Straight to the point 👍 why will someone even think stablecoins are baseless and not needed? Sometimes I trade stablecoin pairs purposely to lock in profit in stablecoin (USDT) or in case my stop loss hits. Sometimes when the market is in a confused state, I hold some stable coins in case if market dumps, then I take advantage and buy the dip.

i think yes, we really need stablecoins at least to preserve assets. as i know a lot of nice stablecoin exchanges launched this times

Stablecoins are really needed I cannot imagine my trading with other pairs without these instruments. I also like the fact that there are many companies on the market that are engaged in this business.

If people want them or need them sure

I personally have no interest of holding any or even trading dollar pairs, rarely do i ever trade unless i cant get the coin without trading it for USDT

btw just found cool stablecoin dex - xsigma. They are backed by a public company and have interesting business model

USDT is used as a safe zone, and may rarely be less good when used for trading. stablecoins are usually used as the final destination of the exchange if they intend to do WD with their local currency, because stablecoins have an immutable value. besides that stablecoins are also usually used for savings

For me, stable coins are really needed, especially seeing the price of Bitcoin and altcoins which are very volatile. With stable coins we can avoid
a volatile crypto market, so our capital can be protected if the market is in a bearish trend. Stable coins are also very good for pairing trading,
because every profit we get is safer to store in stable coins. Therefore the volume of stable coins is greater than Bitcoin.

thank you! i'll look on them and check - now i'm exactly look for interesting dex

In the past the exchange usually provides some kind of representation to real money in their exchange as a pair though.Stablecoin I think really evolve from that and now we can use it for sending money like we're using cryptos. Though the market cap of stablecoins should be spread out instead of being dominated like today so if any one of them collapses the whole crypto market won't fall so deep.

It shows you have never use a stable coin before, I'm guessing you've never trade on exchange before then? If not you would have atleast try to find a means of storing value, stable coins are very trading friendly, I suggest you do some research on stable coins, the easiest way to store 1$ as 1$ is using stable coins

Apart from day-traders, I don't think that anyone need Stablecoins. Ideally I would prefer selling/purchasing cryptocurrency with fiat cash. But I understand that in some jurisdictions, due to legal complexities fiat currency is not allowed in cryptocurrency exchanges. And this is where Stablecoins such as USDT and USDC comes to picture. But then, how many of us are day-traders? Maybe 1%?

of course we need stable coin, but in my opinion we don't need a lot of stable coin (I think USDT is enough), because if we do trading, then we need stable coin to make the value of our money unchanged if we haven't investing or trading, because if we put our money in BTC or ETH, so if the price of BTC or ETH goes down, then of course the value of our money will decrease too, therefore in my opinion stable coin are very important for traders to make the value of our money unchanged.

stable coins are fixed coins, I mean stable coin price movements only move in a fixed price. let's say like USDT per day presentation price is not far from $ 0.9 - $ 1. the market already has a lot of stable coins like USDT, USDC, DAI and so on. but if you expect coins that have a high Selling Value then Bitcoin and Eth.

Yes, stable coin is good to get hold of funds that instead of converting it to fiat money to save from high transaction fee taken from the third party service like in those banks that accept payment to buy crypto and vice versa. So, instead of doing this complicates process then by just converting bitcoin to stable or other crypto to stable coins especially if it is a profit is good.

First of all it is very difficult to make a sense out of your post,
note that stable coin has no direct effect on the growth of any crypto who is actually ready to grow, and yes we do need stable coin, maybe you don't but i know i do, the market is highly volatile and stable coins helps to preserve the value if you are willing to exchange to among the different ones we have in the market, remember it is individual choices to make.

We should think about stablecoins as a secure place to hold your money without leaving digital currencies. It is easier to convert to other cryptocurrencies and back. Usually, stablecoins peg their value to some fiat currency and it is like using fiat as crypto, and because of that feature, many risk-averse people can begin to use cryptocurrencies.

I generally ensure I leave not many dollars in my wallet to purchase coins when cost goes approach to low for a top altcoin or bitcoin, usdt stable coin is the most mainstream and it's accessible on numerous trades. The greater part of the little volume merchants needs digital currency sets with stable coins on exchanging. Additionally clients who are stressed over the market variance of digital currencies can favor holding stable coins.

Stable coins can be considered a safe way to keep money safe but it is not possible to trade and make a profit from it. Stable coins can be a topic of choice, especially for those who do not like market volatility. But every trader who earns through trading needs a good volume of cryptocurrency which is constantly fluctuating. However, stable coins are needed because when the market becomes more volatile, the security of assets can be ensured by converting the invested assets into stable coins.

of course, we need stable coins to balance market conditions...
on average crypto coins have high price volatility making it uncomfortable to make a payment and stable coins are a good choice for those who want to make payments because the price rates are not much different from fiat.

Stable coins is a must, to be fully prepared for buying and selling strategy (trading) you have to be fully into stable coins, they really come in handy and USDT for example is the biggest and it's also available on many top and small exchanges

with offers from developer as users with the service to gains of chance on finance to work with the arbitrage trading with the market the chance helps as users to manage of work on trading while managing tasks on occupation with devs service as complying with distinct of work on objective point of dedication.

I got this tips direct from Larry Thompson. He is consistently out in front of different merchants, he completely observed every one of my exchanges to maintain a strategic distance from me making botches and losing my cash. The essential utilization of stable coins is to gauge bitcoin's cost. All things considered, several steady coins is sufficient. We needn't bother with a huge load of stable coins like at this point.

Are you sure you invest in stablecoins? Stablecoins are coins whose value is fixed and does not fluctuate, such as USDT, which is equivalent to 1 USD, in my opinion stablecoins are not suitable as an investment option, if it is to store the value temporarily to avoid bitcoin correction I agree.

A very strange question. Can you imagine a market without stablecoins?
Then traders would have to trade only in relation to cryptocurrency / cryptocurrency pairs. How would we then be able to determine the price of bitcoin if we did not have USDT?

It depends on what you mean by stability. If you perceive stability as a stop of movement, then why do you need such a coin? Cost any products can not stand in one place. I know one stablecoin, and that is USDT its rate is not volatile. It is backed by the regular dollar.

Cryptocurrencies are notorious for their high volatility making portfolios unstable,
yes and this is what attracted investors, and stable coins were created,
to prevent investors from withdrawing the coins they owned to the fiat field, because obviously it is very complicated.

You will know how important stable coins are if you are new to crypto trading, I don't used stable coins and I don't have any reason to until I started trading on top exchanges like binance exchange, stable coins works very well just like having FIAT, the answer to your question is YES we need stable coins in crypto space because they are damn useful

Maybe stable coins can force cryptocurrency to more price drop. But without stable coins, cryptocurrency could be unbalanced. We are seeing that so many new projects are listed in exchange with USDT pairs. USDT is a very old stable coin, and now has more than 5 stable coins. I don't think we need a more stable coin. Without stable coins, people can freeze their portfolio.

Yes we need stable coin really if we want trading. Otherwise we can bought new coin for spend stable coin. But most of time stable coin needed for trade so it should very important of us. For a new trader then urgently required stable coin even same like for new crypto user need stable coin.

Of course we need a stable coin. First we had to exchange it to USD/EUR. Now you can easily convert it to USDT for example which you could also transfer easily to other exchanges. This is the big advantage compared with USD/EUR.

Some people clearly to not understand cryptocurrency especially the currency part is major hurdle.

Yes, I think stable coin is very highly needed to blockchain cryptocurrency market. Because without stability we can not understand it's own value and market value. Many more traders are investing into the crypto industry in assumption of coin stability. So, It is very important for crypto industry.

Of course, a stable coin is indispensable. Stable coins give us an advantage. One of them is we can reduce the risk of losing money.

If you ask me, then my answer is NO.

My association with cryptocurrency is almost 9 years old. And during this entire period, I have never used USDT, PAXUSD, USDC or any other stablecoin. I have my account with at least a dozen exchanges, however I mostly use them to convert one cryptocurrency to the other. On a few occasions, I sold my crypto for fiat cash, and on such occasions I kept the fiat cash as such rather than converting to stablecoin.

Yes, stable coins are needed, as if the market is very volatile then most of us usually preferred to put our fund in stable coins, although we can not make profit by trading them but they are the need of traders...

Yes we need atleast 1 stable coin. We can't hold our assets in our wallet risk free. Even we can't Trust eth/btc because off their high risk of pump and dump. Usdt was a good coin but It's not quite stable. Besides that there are many rumours againts usdt so we can't Trust this also.
We we are in need of a stable coin.

With this current situation of the crypto market stable coin is a crying need now. Because this current market is too unstable. Sometimes investors and holders are didn't get any clue which coin will pump up and which will go down. This causes a big loss for investors. Many people who are planning to join in this market newly they are going away for this reason and they are not getting confidence. So, if the stable coin introduces in this market then they will back for sure and many investors can reduce the loss percentage.

Stable coins are needed for those countries where people have to pay taxes when they sell crypto in fiat. Stable coin is not fiat although its price is linked to fiat. This is main reason why stable coins become so popular. In the future most stable coins will be run by governments. CBDC.

The need for stablecoins in the cryptocurrency market is very high. Each user runs the risk of losing a fairly large amount of funds when the market falls. Any stable torque makes it possible to minimize these losses. Anyway, today I prefer USDT. In addition, I always keep a certain amount in USDT on the trc20 platform, which I have no doubts about.

As of this moment, stable coins are an essential part of crypto trading. It is your gateway entering the crypto realm aswell as getting out of it. It can also be your haven once you reached your goals for gains.

We are also a constant victim of crypto's volatility as the prices go ballistically high or low. Trading your BTC (https://trade.kucoin.com/BTC-USDT) or ETH (https://trade.kucoin.com/ETH-BTC) into USDT is not a bad thing after all.

I personally believe that stable coins (not necessarily tether) are fundamental in the world of crypto, if they had existed even before (4 years ago) i would have avoided many losses, they are a lifesaver, a fundamental measure to exit day trading and keep your earnings for the day

Absolutely yes for me, stable coins coming into the crypto market has done alot of good I must say, most especially for traders who might in one way or the other in some situations decide to protect the usd value of their bitcoin or Ethereum from falling or dropping due to price fluctuations, in times like this, stable coins comes in handy cus all you have to do is convert your bitcoins or Ethereum to a stable and convert back to bitcoin or Ethereum when you feel most comfortable with the market condition.

Definitely, i agreed there should be just only one or more trustworthy stablecoins which could be use for securing our assets when there's need for such, especially when bitcoin and ethereum start playing dip. USDT would have be a savior for this regard but becasue of it trustworthiness which the community still doubt made it a risk to store your asset USDT.

it is too difficult for me to see the movement of all tokens at this time..that is correct what you said before we are very easy to get the best tokens..!!
is it because now too many new tokens have sprung up and are only looking for profit by offering good ico prices.

i believe that we need stablecoins. at least for newbies in trading as me. when i am in stablecoin as usdt i can be shure that i will not loose my money.

I think it is necessary to make this market run better, if you read through some of the shared information about where the future crypto will focus, you will find it necessary. I do not remember exactly which stablecoins they focused on more research in order to be widely applicable.

In crypto market, the price of coins is equal to one dollar they are called stable coins. The price of coins fluctuates a lot in this market. It is a good technique to keep your money in a stable coin when the market is volatile. So, these stable coins plays an important role in the market.

Of course we need stable coins in the market so that we can make profit or preventing losing money, it's a very useful pair when trading a volatile coins. The stable coins that I usually use is USDT.. Without stable coins I don't know if we really can make money in trading, volatile coin pairing volatile coin, seems it's difficult to make money without stable coin.

In fact, cryptocurrency markets are always volatile. Stable currencies are used to ensure asset protection by converting invested assets into stable currencies during high volatility in the market. Although it is not possible to trade with them directly, it is useful indirectly. This is because after selling a currency at a higher price, if it is converted into a stable currency and the price of the currency sold decreases again, it can be easily traded by making a profit by converting it into a converted currency.

The usecase which also important instead of securing profit of crypto is to arbitrage between exchange.
You can send USDT from one exchange to another, but you cant do it with USD or another FIAT. Its because stable coin built on blockchain.

Do we need stable coins? Yes we need them! Simply times are too volatile, and you need to have a safe place for the stormy days! It's all about trading for me, and keeping my value when the prices are dropping, I don't use stable coins for other purposes... I don't gamble with them, and I don't hold them for a long time.
I think we need to have some quick and safe stable coin...it's too expensive to move dollars or euros, and for some people it can be complicated (who live in Third World countries), we use stable coins as crypto, we can create wallets easily and do with them what we want!

Stable coin is definitely needed. The crypto market is very volatile and you need stablecoin to keep your funds safe. Because when you put your fund in other coins and since those coins fluctuate, the amount of your fund will also fluctuate here. In this case stablecoin will be able to keep your fund safe.

Because stablcoin is designed in such a way that its value will always be the same so your fund will not fluctuate here. And stablecoin is a good option for sending funds from one exchange to another.

In my trading stable coins are useful to avoid the volatility in the market. For me its main purpose is to easily convert your cryptocurrency into different assents or cryptocurrency. When I'm using USDT I can use it easily to buy in an exchange because this stable coins are supported in more exchanges allowing to sell and buy smoothly without the need of buying BTC one by one or per order since it could all be converted into USDT or other stable coins. Stable coins are also a good investment for a high interest rate compared to some alternative coins most of the stable coins have a high annum interest rate.

Stable coins are very useful in the crypto market due to its high volatility, we have all seen how crazy the crypto market can be sometimes  just like when bitcoin flash crashed  last year, leaving your money in volatile coins are very risky cause you could wake up to a smaller amount in USD compared to what you left, 90% of all the traders use stable coins to lock in their profits so that  the value will never drop.

Such tricks are certainly many traders do when they want to get out of trading without taking the risk of holding the assets they are trading. A stable coin has an important role for day traders as well as investors who don't want to focus too much on their investments. but some people prefer to change their money from one asset to another in order to get a bigger profit. of course, this carries a higher risk than keeping their money in stable coins. A stable coin helps everyone in dealing with sudden corrections in the market.

Whatever it was, but stablecoins are the only way to fix profits, not to change digital money for paper money and not spend on paying considerable commissions. Although stablecoins are of course a very manipulative tool, there are always rumors around such coins, but nevertheless everything works.

Majority of all stablecoins are centralized and subvert what crypto is about. Individuals will make that sacrifice for comfort. There are now numerous questions encompassing Tether and being perhaps the greatest coin in market cap it can possibly implode the price of Bitcoin if we discovered it was each of the a scam the entire time.

For a trader, stable coins are needed to store their assets and stable coins are very useful for traders when Altcoin prices are unstable so that they can save their money into stable coins such as DAI or USDT. because they both have very stable prices in various exchange markets.

Stop comparing past years and recent years. The situation is always changing as money investment. Total cryptocurrency value can't raise equally. Now we all are giving advice to invest in new projects when older projects are trusted. Stable coins never force cryptocurrency to dump total marketcap.