Bitcoin Forum

WHO need Bitcoin and Why anyone Will use Bitcoin? If we have stable coins wich You can transfer around the world all Ready instantly
And They are stable.

Bitcoin is Not money Bitcoin is gamble, One day You put money in Other day You might lose it.

There is no clear way to predict btc price either.



So Why we exacly need Bitcoin? 


Year 2019 who need Bitcoin?? 
Year 2020 who need?  And who Will be using Bitcoin year 2025 ??? 

Bitcoin Will lose all the power If there is no clear Reason Why would we need btc and how we gona use it. 

Day traders swing traders... Don't keep Bitcoin alive for too Long all They do is trading btc with each other, there is no profit but Will be losses.

But look at the stable coins They are stable and have same aspects as Bitcoin has, so Can anyone explain to me who or why Will need Bitcoin?

Will I Invest my hard earned real money into Bitcoin??  The answer is no!  Will anyone who is in rational mind Will Invest in btc??  The answer is clear no!! 

Will I Invest into stable coins?  The answer is yes!!  Stable coins are the best Thing what Ever happened!  Clearly but Bitcoin is not. 

If I have 100 usdt I know I have it   but 1 btc...  Welll one day 7000 Other day 8000...

I dont think Bitcoin can survive for long If there is no outside help!! 

The swinging 7000-8000 price range is coz of the same Old crypto currency traders trade with each other... So one day joe Win jack s btc and next day jacks wins joe's btc and Exchanger Will take fee...

Traders Not Winners Here!

Stable coins are tied to a specific currency, which already means it creates a huge difference between them and Bitcoin.
After all, Bitcoin is provided for itself, no matter how strange it sounds.
If the Fiat system crashes, Bitcoin will not suffer from this, but stable coins tied to this Fiat system may well.

Ok.

So you speak on behalf of every rational mind? I highly doubt that. ::)

Stablecoins might be stable units, but in terms of value, they mimic the actual fiat currencies they are supposedly backed by, so they will lose purchasing power every single year.

If losing purchasing power every single year is the best thing that ever happened according to you, then I can see why you don't like Bitcoin, an asset that truly appreciates in value.

Are you somehow affected by the decline we have seen yesterday? If so, then I can somewhat understand your saltiness.

We had some companion on here  ;D
https://i.imgur.com/irMHgb2.png
Img source: https://me.me/i/cet-rt-angelobtc-when-twitter-tells-you-to-be-bearish-14824016

Just to ask, if you do look Bitcoin to be like that then why you are here? lol

Me and the rest of bitcoin holders here. You are free to use stable coins as much as you want but we're also free to hold, use, spend and trade bitcoin anytime we want.

What is money to you? if bitcoin which has a dollar of $7,500 now isn't money for you, then what's the cash that you have on your pocket and bank account? isn't those papers money?

Alternative payment for fiat money transfers, we need bitcoin except you.

It will lose value if there's no demand but accept the fact that there's a wide demand and even though it's volatile, many are wanting to have it and hold it as much as they want.

This is going nowhere, you keep asking questions that has obvious answers repetitively.

Stable coins are safe until some govt raids them and asks them to prove that they're really backed with fiat currency (which they're not).

In other words stable coins are nothing but an elaborate con game.

Don't be too affected in this bullish trend, everyone knows that bitcoin is volatile same with all decentralized cryptos. There will be time for it to pump again as an investment. You must know that stable coins still a risky in a way that it's centralized, it is controlled by an organization. It is just preferred to use when we want to park our investment to not be affected in crypto volatility, if transferring only is your intention in entering crypto, so why bother have stablecoin when in fact it's like online banks,online banks can do transferring at all.

Investing in stablecoins would take you too much time to ear profit. That's why investors are not attracted to stablecoins. Bitcoin may not increase in price today, but it's limited supply would make its price potentially pump. Another thing is that bitcoin has already proven itself that it's worth to hold. If they're useless as you're saying, then people would not hold or even trade bitcoin, they'll just sell it off because it's worth nothing, which is clearly not the case. Also, because fewer people engage in these altcoins, market crash and crypto-related negative news would likely bring death to these altcoins. Who would invest on something that may be gone and not recover? Seems like more risk than bitcoin.

Stablecoins are boring yet it is an effective tool of moving funds but honestly I don’t use it. I don’t really treat Bitcoin as a normal payment I treat it like gold as a store of value and I like volatility. I can consider that Bitcoin and crypto is our best weapon against the global inflation.

Same aspect as BTC? Can stable coins bring you profit and losses? No. Because they are "stable". And who are you to speak of BTC as having only losses but no profit? Clearly your mind is clouded and you haven't understood what BTC really is.

Whatever could you possibly mean by outside help? BTC is a decentralized cryptocurrency that no one could access nor control. On the other hand, it has continued to exist because traders have kept on buying and selling them and building up a market around it. Now, if you were to say that "these" traders are the outside help, then clearly you don't have a Stable coins have their use as "Stable" because you can ensure that their price wouldn't depreciate, therefore ensuring that you have that same amount of funds as coins or as crypto. But that doesn't mean it is above BTC. Stable is for "Stability" or for having storage of cash as crypto, and BTC is for trading for earning a profit or losing a profit (Cause either could happen).

Bitcoin and stable coins are two separate worlds. Bitcoin is limited. Its maximum supply is only 21 million. How about stable coins? You can create as many as trillions and quadrillions. There is a problem in there as we all know. With stable coins, we are going to face the same problems as fiat. Fiat is printing billions out of nothing. The value of stable coins is the same value as fiat. And the value of fiat is determined by the same old players who owns the banks. Stable coins are nothing but a little more than digital fiat. Come to think of it.

People who value decentralization. The only similar aspects of Bitcoin and stable coins are that they're digital, and not much else. Stable coins are only stable because there's a centralized party keeping it that way.

I would also argue that it's much more likely for you to lose your money on stable coins than Bitcoin, considering they have a central point of failure. Even the biggest stable coin, Tether, has lost its peg a couple of times, and is currently under fire from regulators. They're much more vulnerable to outside interference, and are therefore much likelier to die a premature death than actual decentralized cryptos.

There's a reason why stablecoins are only ever used for trading cryptos, and that's because that's all they're practical for. If you absolutely want to keep your money stable in terms of fiat pairs, use fiat. If you want money that's discrete from the traditional economic system, use Bitcoin.

I think bitcoin currently only has a role to use and has not become a necessity because there are still many countries that have not yet received payments using bitcoin, indeed it is still inferior to stable coins but the price of bitcoin can provide enormous benefits if you can use it.

You can also use Bitcoin to send worldwide, and it's completely anonymous

Bitcoin is an asset, Just like Gold and so on. That's why prices are falling and rising.
Yes, There is no clear basis for knowing its price in the coming days. But what is clear here is that we are seeing a potential rise in prices as many countries support it.

To me, this is a form of investment and money. If you have bitcoin just keep it and go back for a few years, its price may drop or rise. And this is what you can't do with stable coins and fiat money.

I think you are just concerned with the fact that stablecoins can be transferred anywhere in the globe but so does the real fiat money, you can easily remit it these days as we now have many remittance service providers all waiting for you. Now, you said that stablecoins have same aspects as Bitcoin? Are you sure of that? Do you know that stablecoins are centralized and as such when the going get tough it can suddenly just close its doors and your coins gone for good? Look, stablecoins have their own role to play in the overall cryptocurrency market and they are not meant to kill Bitcoin, just like how you are feeling right now that there is an ongoing crash. Just remember Bitcoin is bouncing back soon. You might somehow hate Bitcoin right now but you will hate it more when it reaches a new ATH in 2020 since you have sold all of your BTC holdings yesterday.

I am sorry my friend, but stable coins are good just to use as a protection against other crypto volability...
These stable coins are supposed to be backed by fiat currency (please note the word supposed and search for example Tether), so they are the exact digital versions of centralised printed cash... if you want to keep on going with that system... go ahead
You people invest in a rush and think prices always go up, than rush to FUD if the price go down... need to have pacience

Yeah, I agree with you on this issue but I have some of the observations also against this point, have you ever got any profit by holding the stable coin in your lifetime? I think there is no way to get any return by holding money but Bitcoin will give much profit if you hold someday because of this currency is unstable, instability also has some positive side, I think this is not right what you have described, I know stable coin doesn't need any risk to hold on you but Bitcoin is totally web-based currency, anything could happen in this system but when you want to make money by a low effort then you have to take a high risk, for me, this is nothing but a risk-taking game.

You misunderstood the main purpose of bitcoin. It was created by Nakamoto mainly to use as a blockchain technology and as a peer to peer digital payments. It doesn't make sense to compare btc into some stable coins. Other consider it as a store value and investment.

And those traders you are talking, they are gaining profits by doing that.

Why exactly do we need it? I want to be a part of this advanced technology, when I am using btc I wasn't controlled by any organizations or institutions. That's freedom.

I think people who doubt the purpose and function of using bitcoin are those who often panic when prices fall. because they don't have any grip and belief in bitcoin. whereas the main advantages of bitcoin are clear, that anonomity  and decentralization are the main attractions of bitcoin, and you can say that fluctuations make bitcoin unsuitable for currency, but the fact is that many merchants and users use bitcoin for it. Bitcoin is needed for many reasons, and including what I mentioned.

people need bitcoin for their salary, for profit. we can use crypto as payment, around the world, but that coin must be stable, no up down value, it have same cost in every country. every country can create their own coin than make regulation about it, so poeple there some equally between each country.

First and foremost, people should first learn and understand the difference of market terms such as pice and value. Price is changing, value is dominance. Why dominance? since whenever a crypto's market price decline, its value will remain the same as it suggest the potential of the coin to get back better in a latter time. Some newbies and impatient's doesn't know that, as a result, they tend to panic sell and worry about their investment.

If you are so afraid of taking risk, what's the point of converting your fiat currency to a stablecoin (centralized) instead of investing in banks? The price fluctuation is natural in Bitcoin and despite of its characteristic, many people still use it and recognize Bitcoin as the strongest coin in crypto market because of its fully decentralized and trustless system.

Bitcoin is not money? Well, it depends on your definition of money. Yes, Bitcoin is volatile, but every holder knows that. Maybe, the volatility is the fun part of cryptocurrency.
It is true that stable coin is less volatile but have you asked yourself, how stable are the stable coins you see around? Are you making use of coins for just stability or investment?
And you wrote about gamble. Investments are, most times, gamble. You never know whether they will be profitable or not. And that is the beauty of it.

When we think of bitcoin, it is all about technology as well as digitized form of value transfer. Stablecoins are created as a part to provide fiat a digital outlook. The future generation is completely dependents of digital growth, for everything they've begun to rely on the gadgets and other technology based devices. To this growth bitcoin is the one that can fulfill the needs of people and the growth happening with time.

Stablecoins aren't investments. They are tools to hedge the risk of volatility or a bear market, or simply to take advantage of arbitrage opportunities because it's much faster to move back and forth than fiat through banks.

It seems that you care more about hedging a bear market, which you can still do if you think the price has more room to the downside. Everyone is free to express their views and points, which OP has done.

I do however believe that it's all just emotions that got the better of you, so try to work on that.... handy tips are to not over-invest, don't use too much leverage, and learn to understand the market to spot the bearish signs on time.

How do you think stable coin is superior than BTC?

Stable coins are not as reliable as BTC- While the majority are reluctant to use it even in the crypto market, you think stable coin is better than BTC without research.

Stable coins is not decentralized like BTC- You praise us such a coin that its price is even based on today's USD (even this is a lie, most of them were not backed up with anything). There is an institution or anything that keeps the price constant in stable currencies like FED which determines the price of USD.

Then it's not for you but many people and investors buy bitcoin until it reaches this point.

What is your purpose invest in stable coins? since it's like fiat currency in your bank account, you may feel free to send it wherever you want or else you want but for what purpose?

And then next year $10,000. That's a good profit rather than invest in stable coins.


Bitcoin is here to stay forever and being used in every way it can be, as long as internet does exist.

I don't consider stablecoin as an investment too, since there is no way it will increase in value, but we all have different thoughts about these matter and freewill to understand what we want to understand. We are esponsible in every action and decision we do in crypto sphere so we better research base on our capability on what will be best for us, if risking in decentralized coins are hard for OP and others then let it.

Value is non existing in bitcoin world, the people who came here from either financial background or at least came here for financial reasons unlike the developers who came here for the coding part of it always tries to examine bitcoin like any other commodity they have faced but it is not like them.

Yes, it has a price that is unavoidable but it doesn't have a "value", value is when people give something a value, to me this object could be 2 bucks, to someone else it could be hundred million dollars, that is value, the price is always set but the value is always changing. Bitcoin doesn't have a value because the price is literally is its value, it depends on people buying and selling to have a price and that means in bitcoin world value is equal to price which is why value doesn't exactly exists.

I think you are underestimating bitcoin's ability to bounce back, from being in the rock bottom on being on the highest position among any other cryptocurrency. I think we cannot say that we don't need bitcoin anymore because just like the moon, it borrows its radiance from the sun, same goes in crypto. Altcoins is influenced by the price of bitcoin so not patronizing it is already a massive damage to all the other altcoins.

if you wanted to stick with the old fiat or stable crypto then its fine but understand that the stable value is not stable its continuously decreasing every year in the name of inflation so literally you were losing the power or value of stable coins in longer run like the purchasing power.

Bitcoin is the next generation money,Bitcoin was made to break these things and wanted to give freedom to the user who holds it and it not intentionally made for traders but the are making benefits from it.

In the latter future, I do believe that bitcoins volatility will the not be the same as right now. Volatility of bitcoin will be much more stabilize as we approach the end of supplies, and I'm pretty sure people are then using crypto in everyday lives, as a result, bitcoin needs to be universal so it will be forced to become stable in the market for it is what people need in daily transaction.

Actually there are two schools of thought about this because some say that btc has actually utility of transactions and if people are just holding it and not using it for transactions then there is no purpose for it. While the second school of thought says that what's the utility of gold when it can increase in value merely due to scarcity then why can't the same happen to btc? So I think time will tell how things continue until then you can trust btc for your holdings for sure.

There is indeed a profit trading there is a loss, not all can take profits. We see that stable coins are very good for transactions and low value fluctuations, this is indeed good when viewed from a financial perspective.

Stablecoins are useful in jurisdictions only where fiat currency is not available for trading with cryptocurrencies. If they are available, then what is the point in using the stablecoins? After all, it involves additional expenses to store and convert the stablecoins such as USDT and Pax USD. And ever since they moved to the Omni platform, storage of USDT has become more complex.

What you say is not wrong, but there is some nuance you may be missing. With the US dollar, $1 today is not necessarily the same portion of the total money supply as it will be next year, as the Fed could create more, thus reducing the value of that dollar. However, 1 BTC will always be 1/21millionth of the total bitcoin supply. So 1 BTC in the future will be the same portion of the total supply as it is today.
 
Also, since stablecoins are centralized the trust always remains a major issues. it's good to know only 2% of Americans trust Facebook’s Libra more than Bitcoin. i think when we start seeing some reputable institutes start providing the trust factor they will definitely be the threat to the crypto currencies that exist today like Bitcoin. one of the feature of crypto currency is the decentralization which we need to wait and watch if someone can solve this problem in a stablecoin or not.

I prefer to use bitcoin because I'm here to take advantage of the ups and downs of bitcoin, it's not always profitable, but if we can predict market movements, I think we can get more from losses.

Stable coins? Is there really a stable coins other than Bitcoin? Bitcoin is not a commodity in which we need it for our daily use but we need Bitcoin for investment to earn more fiat for our daily living but if you think you will just rely this on your stable coins then you really don't need Bitcoin.

Why are you here in the first place if you don't understand and know the purpose of bitcoin?
But why do we need bitcoin?
First it depends on the person if he sees the need in bitcoin of not. As for me, bitcoin is such a big help. Transactions without others involvement. Can be an investment for your future. A way to earn profit.
Just like you, others may not see the purpose of bitcoin but un the future, people will realize its benefit. Bitcoin being too early that's why others still can appreciate it.

Yeah, they can't interpret that so when prices fall, then their alarm will ring and panic time starts. they are too focused on bitcoin prices that down quickly, without considering the "value" of bitcoin which is still very worth, even though that the reason why bitcoin will back raise.

More on it's investment side and there's no clear side in regards to daily usage, people around this market do still have the mindsets that this
investment currency will be a good token for store assets value, there's no specific that it will be for transacting even the real intentions of
bitcoin is to help providing much quicker transaction process. Though there's also good insight that blockchain system will be adopt by bigger
countries, the use of crypto can be develop much further,.

I don't think bitcoin can be a stable coin because bitcoin will always have up and down price movements that will never make the price of bitcoin stable, indeed in the future nobody will know that bitcoin can still be used or not but you should know that bitcoin is still potentially good for the future.

We are not discussing the possibility of Bitcoin exchange rate becoming stable (which is obviously not possible due to its nature). We are debating whether the stable coins such as USDT and TUSD will be able to overtake Bitcoin in terms of popularity. And I don't think that it is ever going to happen. USDT and TUSD exists because of Bitcoin. They will be worthless if Bitcoin goes down.

I need bitcoin like hell more than I need those stable coins, because stable coins are of no use to me, I can't even use them to trade to make money because they have zero volatility and the only thing they are just useful for is to make payment and if you look at the market now, how many people are only concerned about the payments of cryptocurrency?

People are holding cryptocurrency more as asset, some are using it to trade and some uses bitcoin in particular to make transaction for privacy purpose which you too know that most stable coins are centralized coin and they can easily be traced by anyone while bitcoin is quite hard to be traced giving the user sense of belonging and security over his or her fund, and also reducing cost of transaction for him or her.

Not like that, even though the price is decreasing but you won't really lose money because even though the price is going down but at least bitcoin still has value that is even very worthy. So anyone who needs bitcoin basically has realized this is a future money that has good potential for a profit in its use, we don't always make a benchmark of unstable prices, because prices are rising and falling rapidly in this cryptocurrencies market is a advantage for traders to get a good profit.

That encapsulates my feelings about bitcoin to a T.

I rarely spend bitcoin on things that I can pay for with my debit card or with cash, and I never considered bitcoin to be a good currency because of its crazy volatility.  However, if the world ever had a banking crisis like the one we had 10 years ago, and if the fiat system failed completely, there would be a dire need for a currency like btc.  Right now, tho, its much smarter to use fiat to buy things with and to hodl btc.  And I think nearly everyone is doing just that.

There is little need for stable coins in my opinion, except as a substitute for cash on exchanges.  They don't offer an advantage over simply holding cash, and it isn't like any stores are accepting USDT or any of the others.  They're more or less useless in my mind.

I don't think we need to sit at each other once. As stable that are standardized with fiats and bitcoin who is independent in anything besides to market demands. Both each other has a different solely purpose in community, although bitcoin has a higher probability of profit with a higher probability of loss on the other side, neither of the two are good nor better at each other because they both have shortcomings.

The point of Bitcoin isn't stability. Bitcoin and other cryptocurrencies are alternative to traditional fiat currencies that are usualy stable.
Cryptocurrencies are another way of economy and another way of financies that are for people who don't want to be dependent on traditional financial institutions and tools. The fact that Bitcoin is volatile, so not stable, gives the chance for profit.
But not everyone likes cryptocurrencies and they are not for everyone, that is why every one of us can choose what suits us the best.

If you are to use stable coins then why not just use fiat currency at least they are the real one not like these stable coin that pretends to be a USD or any fiat currency.  Who needs stable coins anyway, at least with Bitcoins you have an opportunity to profit.  Losing and gaining depends on your skill on gathering information and prediction.

If you have a background of trading I think you can manage to minimise your losses. You might handle your risk well without any worries if you know what you are doing. Bitcoin is not just for trading it is also used for investment or as a digital currency to be used for any transaction. While stable coins is just the same as fiat but the difference is it's digital money.

I personally feel that bitcoin will always be there in the market and it will be used widely due to its market dominance but it should upgrade the features as news coins are coming up with much more features and quick transaction timing compared to bitcoin. We can never expect bitcoin to become stable coin and stable coins will be used by those who wants to do daily transactions without any fluctuations in the price as stable coins cannot be used for investment like bitcoin.

Why do you need fiat? To use them as a mean of payment. But we have a problem with fiat as it is centralised, controlled by governments, and they inflate it as much as they want. I hope you are aware of the huge, enormous, gigantic - you name it - debt that United States have. And not only them but all the countries in the world suffer from heavy inflation of their money. 1%-5% of your fiat holdings are going to garbage. In 10 years that could be more than a quarter of your dear savings. We need a currency that combines the store of value function with a more convenient and efficient payment method and Bitcoin does all of that for us and even more. I Why keep fiat if we have a better method to make payments? - that should be the question.

If the stable coin you mean is USD, you are better suited to discuss it on the forex forum, bitcoin has its own characteristics. And if you mean usdt (tether), this coin is also very active in btc and alt price pairs. although price refers to the original dollar, tether cannot stand alone especially if it is used for alt trading whose daily charts still depend on btc.

That’s true stable coins are not better than bitcoin because we know the bitcoin is the best coin which has good name in the crypto market and stable coins are useless as they don’t change the price but remain at the same price for years. I think the best coin is bitcoin which has no comparison in the world and it is a highly good coin.

true, we are looking for profits from bitcoin prices that go up and down if we buy stable coins for what because stable coins prices will remain and not change so how do we get profit from stable coins

Stable coins are just useful when you are actively trading cryptocurrencies because that is where you will stay when the market is not doing well because you want stability and you don't want to lose money due to volatility. But in overall, cryptocurrencies are much better than stable coins because of the things that it has that the stable coins don't have.

Yes it is the risk in investing on BTC it could give us profit or it could take our money,
And it is why most of us choose it rather than stable coins,
We believe that the price would grow unlike in stable coin they would remain the same.

if you want a stable altcoin better invest in gold or land.
bitcoin is not for weak people like you.
if you don't like bitcoin, you can stay away from it.
for me the fluctuations that can attract enthusiasts to continue investing in bitcoin.
do you know how long bitcoin has lasted from someone like you ??
Ten years have already existed and bitcoin will never collapse.

Indeed, if that is his/her opinion then we totally respect it because it depends on your perception and level of understanding.We are not underestimating the power and capabilities of stable coins but bitcoin is also beneficial, also it has changed the lives of many of us for the past years and it makes the life of some of us a lot better. We don't have to waste our time making people understand how bitcoin is such an amazing blessing and an opportunity for some of us. If that is what some of you are thinking then let be it, we are not forcing you to accept or even use bitcoin because it depends on you. We need bitcoin because it gives us some opportunities to invest and earn profits but just like any other investment, its not easy but we are patient enough that's why we are able to earn profit.

I agree with your opinion about bitcoin under any circumstances bitcoin is a coin that has persisted until now the belief of investors makes an interest in investing with cryptocurrency and of course the development of cryptocurrency will develop and profits will be obtained by investors who invest

I am sure the future of bitcoin will be useful in the future because we see that over the years bitcoin has improved quite well, and I think many investors are now buying bitcoin for their investment needs because, in my opinion investing in bitcoin is very promising to see year after year .

Why we need bitcoin is because bitcoin is the foundation of all cryptocurrency. If bitcoin didn't exists, no smart contracts could be created, no new exchanges will be formed, no stable coins will be there. For some purposes, stable coins are better, but in terms of market investment, bitcoin is what we need, and the reason why market is lively, is because of the investors who trust BTC. Let's take for example this activity that we are doing. We trade, and when the bitcoin market price declines, we use stable coins to save our assets. In that case, there's no reason to compare Bitcoin and stable coins as we need them both, but to take into considerations, bitcoin is quite at the top compared to stable coins.

Funny that you are well aware of the nature of bitcoin but you don't understand it.
To answer your question why would need btc and how to use it, read the whitepaper first. It'll answer your questions.
There is a profit from bitcoin. Bitcoin is a risk! More risk, more profit. If you're afraid of risk, then bitcoin is not for you.
Who need bitcoin? Us. people seeking for freedom from manipulative banks and governments.
Also there are some aspects that stable coins don't have but bitcoin has.

nowadays there are a lot of troubles with us dollars money transfers between companies.
maybe it is because of sanctions or money clearance, or weapons traders or I do not what ever more reasons exist, but the problem is there
you may give to bank all necessary invoices and papers, make the transfer and wait 1 month money to come to other party!! One, damn, month!
I guess to counter such cases - people may have to need bitcoin!

Transactions between companies are a little bit more complex. In my experience many of those papers are for important things & AML procedures are nothing to kid about. However a month is totally exagerrated unless there were some serious iregularities with where the money came from. International bank transfers shouldn't take more than 3-5 working days nowadays.

If there is nothing the agencies found to be more than interesting. But unfortunately there is always something more than interesting. And they would want to know more. They need more documentations and papers and evidences. And they need more time.

Bitcoin will make the transaction finished in a matter of minutes, hours at the most if the network is busier than usual.

Maybe he's a doubt that bitcoin can increase so high in the future, so he asks about who needs bitcoin. I need bitcoin, and I am sure other people need bitcoin too. As long as we want to make money from bitcoin, we will need bitcoin. I think stable coins can be used for the payment system as we see that the stable coin price is not too volatile, so we can pay without confusing the changing of the price every time we paid. I don't think that bitcoin will lose the power to increase because as long as many people still use bitcoin to make money, we will always use bitcoin because we need bitcoin.

Bitcoin is a self-sufficient currency in itself. If you compare it with any other types of fiat funds or stable coins, then the main advantage of Bitcoin is that it does not get bigger,
it cannot be printed or more coins can be created than can be created initially. This means that the value of Bitcoin, due to deflation, can grow, in contrast to the dollar, the value of which is falling inflationarily.

Bitcoin is used as a medium of exchange, which is:
- Decentralized, is a system that is not controlled by a particular party
- Transparent, all can access and validate
- Fast, realtime knows no special hours of operation
- Transaction costs are cheaper than cross border transactions
- The system is independent and is not influenced by government policy

"WHO needs Bitcoin and Why will anyone use Bitcoin?
Because there is a need for facilities offered by bitcoin, namely individuals and groups who want to transact quickly, anytime, anywhere at a low cost. Initially, bitcoin is just a digital asset that has no value or very low value, with the technology and facilities provided the demand is high. From this high demand we can draw the conclusion that bitcoin is in demand either as an asset, as a transaction tool or as an investment tool.

If we have stable coins wich you can transfer around the world all ready instantly and they are stable. Which one will we choose?

I would choose bitcoin because:
- Bitcoin is the pioneer when bitcoin survives means bitcoin is qualified
- Stable coins are centralized so they must be exclusive, not all of them will adopt.
- Screening is needed for the body that launches the stable coin

There is no clear way to predict the price of BTC either. Losers see weakness as a problem while investors see weakness as an opportunity, in every situation always trying to get a profit.

If your statement is right then we may see "bitcoin accepted here" on shops but this is not really right though,yes people interested in bitcoin but compared to tatal population the interested people is no where to be considered,but lot of them knew about bitcoin but sadly in the wrong way as hacker's money,laundering tool,etc.

Bitcoin is pretty much more dense than stable coin. Bitcoin may sound selfish but it provides more convenient than stabe coin which has been standardized by fiats. Taxless living, sky-rocketted profit is what Bitcoin possesed in which on the other hand stable coins are not. Besides, investments in Bitcoin although has the higher risk than the other one, is pretty much more fun to play though your money would be going all high and low waves.

Ignoring the pretty bad English, it's pretty easy to answer this question. People who share views and want a world where the government isn't always in control of their money, and bitcoin offers this with their decentralization model.

That's what makes it very interesting to the population, and how a lot of people made and lost a lot of money. A lot of investors are interested in this very risky investment.

The same people who are using it now due to decentralization, they will be using it all the way until it becomes obsolete or if there is a better option out there.

The reason behind this is the uncontrollable nature of bitcoin. Now governments control fiat and paper money. So they would print more currency whenever needed for own benefit, without thinking about the public, Bitcoin is exact opposite. It helps people in trustworthy ways and cannot be controlled at all. Bitcoin is the best one among all the assets so far the world has been introduced to.

IMO,shops are not ready to accept it because the price changes make them to be in loss from their profit in no time but on other sectors its being accepted but not in a great way yet other than the trading and speculative asset.

Okay... But Why we need cryptocurrency?
Why we need?  Other then just speculation...?

We Can't really use it without comparsion with fiat.. Coz fiat currency gives us Price of crypto currency..


But I Still asking Why we need crypto? 

Bitcoin is for a profit which you have to play with your mind along together with chart of the market. Unlike stable coins or fiats in which you are half sure that in the end you'll gain your profit. Though it is for people who want more less risk and secured income in return. And crypto currency doesn't fit for that besides even though it has higher risk it is for sure your gain if you'll do your thing all too well.

In 2025, a lot of people will use bitcoin. Many private investors will decide to invest in this coin to preserve their savings. It is already happening in countries with high inflation, such as Argentina or Venezuela

Bitcoin is no longer considered by serious investors as a means for payments. It is rather seen as a means to accumulate capital, to preserve it from inflation and devaluation. Also, Bitcoin has a very unstable rate and is now more popular with speculators. For everyday calculations, people need a stable coin. Only in this case, it can gain high popularity and be accepted by the community as ordinary money for shopping.

I don't necessarily need Bitcoin but I use it. I don't know if stable coins can beat Bitcoin in terms of usage or volume per day but one thing I know is that all this cryptocurrency has their own use depending on how people understand their platforms.

I am also more interested in the technology of bitcoin than other coin which we should not even be using other coins like stable coins to compare it, there is no way that these stable coins can really be as good as bitcoin, even if they seems to be helping lots of people keeping the value of their usd, but without bitcoin, they will still be tantamount to nothing.

There is not going to be stable coin without bitcoin, because what is the essence of having stable coin when they typically act like fiat or do I call it as digital fiat which if that is the case, I would still prefer to stick with the system  of fiat than to use stable coins that are fully centralized and still being controlled, unlike the freedom of decentralizations that bitcoin has given to us.

bitcoin will be preferred as an asset, this mindset is developing because many holders analyze from history and the continuous reaction of market transactions that never stops. This is not as simple as a stable coin that only refers to fiat value and they will only move in place, for some people it is not attractive because there is no more value than price development, I consider stable coins as a safe asset with low risk.

Stable coin cannot beat bitcoin, because they have no additional benefit along with their usage, and you know that the other additional benefit of bitcoin in its usage is what is mostly attractive to people more, as they are using bitcoin, they are also enjoying the benefit of an increase in them, although we could claim that the volatility of bitcoin is quite making it risky for transaction, but that is not a problem now, because people can still mix it with all these stable coins.

Anytime they see that bitcoin is highly volatile because it is not every time that it will and even this volatility of a thing, sometimes it is even more beneficial to people. Imagine someone that is earning $7300 and he receives his payment in bitcoin when it was making a surge for $9k, has his salary not increased?

You have a point, but it's not just about the payment that bitcoin is talking about. You can also use it as an invesment. And the point of bitcoin as it is used, is for anonymous transactions to have privacy that no one can control.

Bitcoin is not gambling it is invesment. That you invest money and one day it will increase. All you need is patience here, to find out what you are investing in bitcoin for..

You are right that bitcoin is a gamble that you can experienced huge losses to it, but bitcoin is the best for a long-term investment that you could earn huge profit from it. In my own opinion, stable coins is not good for an investment because it is only good to store your money to prevent huge losses, so buying bitcoin is still the best.

Stablecoin supported by Fiat is also limited by all regulations that come with fiat currencies, sacrificing the efficiency of the conversion process. This means they have less liquidity than ordinary cryptocurrency. Besides, there is always a risk that the underlying asset is damaged in value. Think about Black Wednesday in England, or the 1998 Ruble crisis that occurred in Russia. If such an event occurs on a fixed stablecoin, it will be a disaster for the stablecoin as well. Stablecoin that is based/supported by cryptocurrency (crypto-backed currency) also comes with their own set of problems. Being pegged to other cryptocurrency makes them far more vulnerable to price volatility compared to fiat or commodity-supported stablecoins. They are bound to the health of a particular cryptocurrency (or a combination of cryptocurrency), which means that if the cryptocurrency takes a deep nose-dive or falls very sharply, stablecoin will eventually be the same. If a price crash occurs, they will automatically be disbursed into the underlying cryptocurrency asset, where they are no longer stable at all.

This is another disadvantage to stablecoin which is categorized using cryptocurrency: they are difficult to understand and are the most complex form of stablecoin, which introduces a much higher risk of things that go wrong in a complicated process.

You only lose if you are lazy for gathering information about what's happening today But if you are informative and know how to react to the market then provably you may know on when is the good time to enter and exit, but if you are looking for coins for long term purposes then that's a bad idea we can actually see on what's happening right now and you may end up counting your losses if you do a long term hold investment.

United nation have adopted bitcoin and claim bitcoin become charity to hep each other, after UNICEF receive donation using bitcoin now WHO or world health organization adopted for receiving bitcoin as their charity, bitcoin have transparent when you sending or receiving your bitcoin, always on time for sending using bitcoin and have the same amount which how much bitcoin do you sent.

Who need gold and why anyone Will use Gold ? if we have USD wich you can use it around the world instantly.
it quite same right ?
well, i am not saying bitcoin same like gold, but i guess that parable will make u understand.
and , the fact is :
every people in the world needed money for day life.
but just a few people have a think to invest their money as a asset for long time .
as a gold or btc or whatever they want.
and they have a trust for their asset will grow as the time goes.
no one forced you to believe bitcoin, but the fact , most of investor believe bitcoin.
although people like you still say bitcoin is a gamble/hyip/even bubble effect

These great organizations that are far advanced than most of the countries of world, understand the power of bitcoin. They know what future it holds. The more you will ignore bitcoin, the more you will be going to regret in future. There are times when USA tries to pretend as it has left bitcoin but honestly, bitcoin is highly cherished by the leading countries of the world. Transaction across borders have become easy.

Sounds like you're having a little hope for Bitcoin, mate. Many of us have witnessed the capability of Bitcoin and the convenience that it's causing us as a mode of payment. As for me, there have been a huge number of adoptions and even bigger organizations and developing countries are now accepting Bitcoin so I don't see any reason to lose hope for it. We need Bitcoin not just an investment and not just a mode of payment but a supporting currency. 

From what I have discovered, most people are not interested in cryptocurrencies because they can use it for transaction, rather they are interested in it as an investment. I have asked a lot of people questions on what reasons they would like to make use of cryptocurrency and their answers is always on how much they can make from it.

Stable coins don't offer that, they are mainly focused on transaction and not like bitcoin that you can invest and make lots of money within a short or long term (or lose as well). And bitcoin is like a multi-purpose coin, you can use it for investment and you can as well use it for transactions. So, a lot of people will not be interested in making use of stable coins when they already have Bitcoin

People created fiat payment system with additional charges to make the international payments and so on but with bitcoin no can make the profit in such a way.
So that's the reason whales in the world not allowing cryptocurrencies to rule the world in finance medium. It is great tool empower the people in the world.

Who cares?  You can send cash around the world easily enough with services like PayPal, and once the recipient has the cash he's free to spend it on anything.  If you were to receive a stablecoin, you'd have to first convert it to fiat before you could spend it, as I don't know of a single merchant in the world that accepts Tether or any other stablecoin. 

I don't think stablecoins were ever meant for spending, unlike bitcoin--even though it hasn't really caught on as a currency.  In fact I really can't see why there has been so much hype about them.  The Libra situation I can understand because it might be a landmark decision as to whether the US government is going to allow Facebook to proceed, but the rest of the stablecoins?  Why bother owning them?  You can't spend them as far as I know and the world really, really isn't looking for a replacement for cash and even electronic fiat.  That's a problem that doesn't exist.

The truth is that the world doesn't need bitcoin, and this is a fact that a lot of bitcoiners don't want to face.  The 2008 banking crisis didn't destroy the financial system, but if it had then I would argue that having something like bitcoin would be extremely useful.  But eleven years later there really aren't any issues with using fiat for transactions.  Even in countries whose currencies have been destroyed, the people who live there have turned to stable fiat currencies primarily.  Yes, there are reports of increased bitcoin adoption, but I suspect that most of their purchases are made with USD or another fiat currency that hasn't been devalued.

Same views and same opinion to this matter which Stable coins is totally irrelevant when we do try or do pertain on making it as a mainstream.

Fiat do exist and theres no need for other coins to take place in terms of casual real world transactions. Bitcoin existence is just on the other side
or simply means an alternative option but doesn't mean it will replace fiat anytime soon even way more on a stable coin.

Yes. Bitcoin is created as a currency so we should promote it more about its usage. There are a lot of us here who ofen consider bitcoin as an investment or for trading purposes but the fact that bitcoin is a supporting currency then we should convince those people to focus more on bitcoin as a currency so that in the near future, chances for massive adoption of bitcoin will be very possible.

"Stable" coins? You mean cryptos backed by governments, tethered to fiat currencies or to stocks of non-renewable resources? Do you really think those would be any better than bitcoins?

If there's one thing multiple crashes has shown us, we really can't rely on the government. What happens when the economy of a country whose fiat a certain crypto is tethered to collapses?

Centralized altcoins are not to be trusted. The unique asset of every crypto that being created is decentralization and anonymity. So, if one crypto will be backed by the government, the primary purpose of it will be go to waste. And besides, is there any legit stable coin that is not turned to scam?

I don't really get what will happen if a digital currency will be backed by a physical asset. We all know that bitcoin and other alt coins prices are based on supply and demand. So if one stable coin price pump what will happen to their physical asset, will it increase also or if it is going to dump their backed asset, will be lessened? lol

I think bitcoin is only used if needed, meaning its use is not an obligation and bitcoin can be said as an alternative payment that can provide convenience when making transactions and payments will be easier, whereas for bitcoin prices will never be stable because of the influence of very limited supply and demand that is very high will always provide price movements so I think bitcoin is still inferior to stable coins.

Bitcoin become alternative payment if get legal from government, without get permission from government bitcoin only for investing and trading to get profit without use as currency function, I use bitcoin only investing and trading with bitcoin without think can be alternative payment with not support in my country to use bitcoin as currency payment.

Anyone can use bitcoin but is there really need of it? Yes because we are currently using something called fiat just nothing but paper but its said to have a particular value but do you ever thing it really had that value? The value just keep decreasing year after year which is called inflation.

Stable coin is nothing but the digital fiat more worse form of it since it may not be backed up by anything nor it is not provided by the government so it all goes to the creator's hand about its future price dependency.

But again stable coins will be of no use without the existence of bitcoin and it's wrong to say bitcoin inferior to stablecoins as there would had been no stablecoin without bitcoin. The only purpose off stable coin is to covert the other cryptos and store when the market down or for traders to covert cryptos during volatile situations to avoid risking.

Stablecoins came to existence when the Chinese government banned fiat currencies from crypto-exchanges. Stablecoins presented a loophole to convert cryptocurrencies to fiat value. But even now these stablecoins are seldom used outside the exchanges. Very few people hold stablecoins such as Tether and USDC in their wallets (and it makes no sense to hold these coins). 

The users and government have different goals. We want to make transactions without government interference, that's why bitcoin became popular in the first place. The government on the other-hand want dibs from both us making transactions and storing assets.


I'm not that economically-savvy but yes that could be a problem. You can't just pump out supply. Sure for things like oil (which is consumable) they can simply cut down on production but then what happens when demand for that good decrease? Suddenly there's more "in stock".

Stablecoins are like fiat. And if they are like fiat, they are not breaking from the system within which fiat works. That would be in contrast to the idea of cryptocurrency or Bitcoin. They are backed by fiat. Their value is pegged on fiat value. And they are also minted in as many as possible. That is not the design of Bitcoin, which is the top and leader of all coins. Cryptocurrency should be following the path of Bitcoin in terms of having a fixed total supply which cannot be tampered with. 

If people will support for bitcoin's legality and become our main online currency. it will be needed and in use by many. but how could we support it if everyone will remain of this investing method? if we want bitcoin to be needed it will become stable, our excitement of our investments because of volatile price would not be profitable anymore. so bitcoin's utilization will still remain and everyone will still invest.

There are many reasons why we are buying bitcoin. Yes, it is not a stable coin. As a matter of fact, it fluctuates easily. We don't know when bitcoin goes down and up. All we know is that, bitcoin is the future of currency.
Many people are buying bitcoin because we want to invest and store. Some of us are buying this for payment. We have different reasons why we buy bitcoin. And I know that even you don't want bitcoin, you will be pursue to buy specially when you see your neighbours, gradually become rich because of it.

bitcoin lately become popular as a digital asset , a long term investment that promising a high return.

it is not fit anymore for those people who involved in so much cryptocurrency projects to consider bitcoin as an ideal currency, the fee is too high , the confirmation time takes time too long and many more factors that makes people feel uncomfortable to use bitcoin as a currency.
moreover there is a lot of altcoins offering a specific use case as a real digital currency that makes people in so much advantage.

the high fee in bitcoin and insane volatility makes ordinary people avoiding use it as a currency even avoiding it at all. while stable coins is a trash , there is no formula yet to make it trustable decentralized, libra could be the solution but still it is centralized.

I still doubt about the future of bitcoin, anything can happen in the future. but for now, I believe the price of bitcoin can still rise and create a new ATH. so now I need bitcoin for investment, before later when reach a new ATH and I will sell everything. I rarely even use bitcoin for my needs, because here it's still difficult to find payments using bitcoin.

of course I need bitcoin because the volatility can be made as a good investment tool. because by exploiting volatility we can get big profits. although most crypto coins have volatility and are also decentralized but there is nothing as good as bitcoin in capitalization, trading volume and prices. and we also have to remember that bitcoin is the first coin in cryptocurrency and if bitcoin doesn't exist then stable coins and other crypto don't exist either. and most of the world population knows cryptocurrency because of bitcoin. so it's only natural that bitcoin is the main coin and the most needed by investors in investing in cryptocurrency.

If someone still has doubts regarding bitcoin, he is either hopeless or ignorant. Bitcoin has already given us millionaire. If one can become a millionaire with bitcoin, then obviously other can too. It is totally up to individual whether he utilizes bitcoin or not. If he will, good money will be waiting for him. If not, he will end up regretting. Bitcoin will stay forever now and become identity of rich people.

I'm guessing maybe people don't trust those stable coins? And by the way, there aren't many wallets that are accepting stable coins for now, though I have noticed that they are beginning to add it to their lists. Coinbase added DAX (whatever the name is, can't remember exactly), and Blockchain added USD PAX. So, let's see how those are going to be in the near future.

Another thing you have to know is that people don't really buy just any coins, sometimes they might prefer a token that is owned by an already big name, take for example the Libra coin. Although I saw a lot of people bashing it about being centralized and all that, trust me if that was successful, a lot of them would be making use of it by now. It would have been big judging by the association which includes other big names such as Paypal, eBay, etc.

So stable coins are pegged to fiat currency 1:1
Fiat currency is DEBT based.
The bigger the debt the bigger the demand for fiat currencies! 


In economy boom yes fiat currency value is less but when recession is there... Then the fiat currency will be on hands of few.




So debt is what Gives value to fiat currencies! 

Well, you're right in a way, but choices differs, you're not expected to like the same thing as others. I believe that Bitcoin was created to serve all purposes; for transaction and for investment. When Satoshi defined it he never even said that it was for investment, rather he said it's a peer-to-peer method of transaction. But people started to see it as an investment when they noticed that it is not stable but volatile. And some started to buy and stack it up for the future when the price will increase.

So it's up to you and most of us here wants to make money from it, even I myself wants to make money from it, that's why I study the market most of the time to know the right time to invest and Hodl and make a profit.

who needs stable coins when you cant earn on them but bitcon can possibly give you a good earning thru investing or hodling plus add in the extra function of bitcoin which it can also be used for paying ( just like what stable coins can do ) so why need stable coins we bitcoin can do both   ? though people still use stable coins to back the value of thier crypto but i think this is the main reason why they use it but  i think stable coins are rarely available or accepted by most merchants  .

Stable coins are good for providing an entry and exit point in the market by anyone. Most likely the safe haven in the market since it has a low volatility. USDT as the most used stablecoin are frequenty use by traders to be safe and avoid loss with the market fluctuations. Saying that bitcoin can do currency and investment is true, however there is a question '' until when ? '' Bitcoin's price are quite stable at a certain range for like a year but until when? Some merchants are considering the option for btc payment but until when ? Stabecoins are not made for such businesses, it is for backing, but maybe in the future we are going to fully digitalize are money like stablecoins.

The characteristics of fiat and bitcoin are not the same, don't make it too complicated, at least we can work with the conditions of bitcoin in the next 5-15 years as an alternative asset, in the last 6 years I think the same thing as you, but there is one thing that makes a difference that is the development of decentralization and adoption that continues to widen. If fiat is devalued, it will not be the same as bitcoin.

I disagree with your point. It doesn't matter how big the country's debt is as long as the financial growth is carrying it the economy of the country can still improve in any standpoint therefore still increasing the value of their fiat currency, just take a look at USA where there debt is one of the biggest in the world yet there GDP is big that it outweighs the debt they carry. This just show their ability to payback their debt and it doesn't diminish the value of their fiat because of it. Also your statement about how the fiat currency's value will decrease because of the "economy boom" is wrong because its actually the opposite of what will happen as it actually increases the value of the fiat currency because the financials will reflect on it.

Whether you lose a trade or you buy at a high price and are now in loss otherwise, you should not make a statement like this, if what you say is true why every day the number of trades persists, I mean no Shows a specific decline, people use it as a means of payment as well as investing.
if it bad,people wont use bitcoin anymore.

Bitcoin in both 2019 and 2025 will have a lot of adoption, in countries that suffer crisis and very high inflation, Bitcoin works as a refuge to not lose the value of money.

Stable currencies work like this, like having stable money, not as a shelter, the refuge is best done with Bitcoin because its value can be increased, of course, the risk of lowering the price arises, however, in countries with high inflation and Financial crises, even when bitcoin falls occur, does not have much impact because Bitcoin is of a decentralized nature and represents a deflationary economy, it is ideal to fight inflation, some are beginning to consider it as digital gold.

With regard to Libra, when it is launched, it can have a lot of acceptance, because a social network as large as Facebook has a better acceptance than a stable currency of some government or a bank, I see it from the most positive point of view. Well, I think when that stable currency is launched, it will open the market to Bitcoin much more, because people will associate the stable currency, the blockchain with Bitcoin, and when they realize that Bitcoin can reach a new ATH far beyond $ 20k, They will not hesitate to buy Bitcoin.

Bitcoin might not be that successful when it comes to it being a currency. Not many people are accepting it pr for that matter ready to spend it.

But when it comes to being an alternative investment option, agree it or not, bitcoin is performing quite well. Bitcoin has beaten all the traditional form of investment in ROI successfully this year. Isn't that enough a reason for any trader to diversify and invest a part in crypto which is the most reliable crypto in the world.

Stable currency are good enough when it comes to money transfers across the countries. But the main inflow of money in crypto comes for trading purposes and bitcoin is solving that purpose pretty well.

+1 There's no one , no country in debt-free ...

the difference is how industrialized nations such as US or Japan or France who has the biggest GDP could maintain their debt into something productive and profit is the outcome in the end. Least developed countries couldn't / struggle to maintain their debt into profit and that's the barometer of how much worth their currency value indirectly.
Anyways I'm not a big fan of stable coins , at least until there's a project that could offer more transparency than the current stable coins available in the market like tether. We need a stable cryptocurrency indeed to spend daily but not with USDT platform.

Right, although not to be best as currency, people will still pick bitcoin as main investment rather than stable coin. And with that, they will use stable coin to be something like payment or transfer money from 1 place to another without need to afraid with it's volatile and only that benefit they they will get. But in general, bitcoin is central of crypto and wouldn't replaced or can't compared with any altcoin.

what happens if bitcoin does not exist / is not created. will blockchain technology be created? what pioneered the blockchain? the value of bitcoin is the result of the technology it carries. and we need the technology that it carries. while a stable coin is its value adopted from real currencies. maybe bitcoin has no other function except just for trading, but it is Bitcoin that makes us need the technology.

The idea of a blockchain can be traced back before Bitcoin used it, most probably even before the name Satoshi Nakamoto was created. As early as 1990s, it is already existing. Although Satoshi Nakamoto made use of it and improved on it and made it very popular today, it is not fully his own. So even if Bitcoin is not existing or not created at all, the blockchain technology would probably still be used by companies right now. Perhaps the use of blockchain with currency is the original work of Satoshi. Please correct me if I'm wrong.

Bitcoin is needed for trading and for investments that expect profit, while Stablecoin you can only maintain the value of your assets without any changes. Stablecoin born because the price of Bitcoin is very volatile so that we can lose or increase our assets quickly. With Stablecoin the value of your assets still stable at any time.

You can see that even though there are many more powerful coins that have appeared later, bitcoin has never left its top spot, why ?, because it is like a symbol of the cryptocurrency world. , has a huge market cap, something irreplaceable, unless something goes wrong for bitcoin

The need of present time is not digital currency but an asset that can help in improving financial health. Bitcoin indeed was created for the sole purpose of being used as a digital medium of exchange. However, it come out to be something better than that. Still, bitcoin is being usd at places as a currency. With mass adoption, it will be able to do what it was created for. This is just a matter of time.

Trading is based on Bitcoin volatility. If it wasn't that feature there will be also no trading, volatility is the reason why traders make profit.
On the other hand that is not good stability of economic or financial system. Imagine how would look like if you were paid in voalatile currency or if economy would depend on volatile coins, that is not good for prosperity. That is why we need stable coins and why Bitcoin will not become mainstream currency.

You know I think it depends on the person using the Bitcoins and other currencies.
If he is doing something that involves governmental stairs then he would be more comfortable using the money and local currency also the same case when you are doing anything local.
But when you for an example are working online and the person who is hiring you is from like the opposite part of the world I think Bitcoins would be the choice if the payment since you won't have to go through everything.
Therefore I think it depends.

Those stable coins will not exist at all if bitcoin did not existed and if bitcoin disappeared then those stable coins will disappear as well, but what will happen to bitcoin if stable coins disappeared?

Absolutely nothing, bitcoin will be fine and will continue as if nothing happened, when you understand this it is easy to see which coin is the leader and which coin is the one that depends on the other, unlike many members in the forum I see the need for stable coins but make no mistake this market belongs to bitcoin.

By and large, stable coins are nothing more than market-based instruments that allow you to somewhat expand the functionality of the crypto market itself.
Whether stable coins would exist if there were no bitcoin is a big question, however, the technology somehow does not stand still, which means sooner or later development would come to the creation of cryptographic currencies.

In other words, the current methods of storing information and databases themselves are pushing technology to create something like decentralized and more secure than before.
Therefore, I think the creation of cryptography was only a matter of time.

Imagining the digital coin market existence without bitcoin is not possible. Bitcoin laid the foundation of all crypto coins, whether stable or not. None of them could ever created without the mother of crypto currencies. Blockchain is not a very new concept but the first implementation of it can be considered bitcoin and every system of the world can improve itself with integrating this technology.

Bitcoin is very profitable when you are using on it in trading, the volatility on it will give traders profit and the fluctuation will have to circulate Bitcoin and others make a profit while others are in loose. Stable coins like fiat are still useful because when bitcoin too much deep we can switch into stable coin and cut the losses. The real concept here why the reason there are many people believed in bitcoin because of it good to have profit and investment.

Let me ask you a question OP: what do you think about those that invested in Bitcoin and became millionaires after some years, do you think they are fools as well? Because my life changed for the better when I started investing my money in Bitcoin. So, does that mean that we are all fools? Lol. Well, I'd rather be than be someone who is broke.

Nobody is forcing you to be part of this, no one is forcing you to invest in Bitcoin, it's your choice. And no one forced you to be part of this community, but you still came here. I know for sure that you invest in Bitcoin, but here you are calling people that does the same fools, lol, which you know for sure that you're one. It's not a good idea man, you shouldn't say such about people when you know for sure that we all are not the same.

There are many newbies out there that are making the mistake of investing in something that they do not really understand, so even if they invest in bitcoin and they have definitely selected one of the best investments that a person could make since they do not know anything about it, it can still be considered to be a bad investment.

But for the people that have been in this market for several years and know very well what they're doing bitcoin is by far the best investment that they could have made.

The high demand for bitcoins is due to its high price and these are the fomo effects. meaning people tend to chase after rising assets and then they will go up. Like real estate, when land prices go up, people seem to pour money to buy it and expect a rich future. Everyone is like that because money is extremely important in this life. Therefore, people are always chasing after money and they are not afraid of fraud because many people now realize that bitcoin has great growth potential. The reason is simply that.

Even without bitcoin all these stablecoin will just become useless coin with no real use and just have fancy name. Despite being stable the adoption of these stablecoins are lacking and I can't see it being used for a better purpose other than just a temporary store of value and trade pair. The whole reserved fund also controlled by private companies meaning middle man and that's too risky. I would even consider bank as a safer option than this one.

Well we must also think that stable coins were created because of the bitcoin, since bitcoin started the revolutionary digital currency. Even if what coin could have invented way back then, there will be a stable coin to be created for safe value storage.

Yes it is true, just think of it if no one has a control on it, do you think there will be stability on price at all?
 What do you mean by the risk? Stable coins were made just to unit an account temporarily like when you are trading and the market behaves wildly so what will be your safe haven, obviously these stable coins. That is why we have stable coins right now.

Recently there has been a lot of attention given to stable coins and all of this started when Facebook decided that they wanted to release their own coin, and now even if those plans are nothing but a dream it started a conversation about whether or not stable coins were the future of this market, and I think we can safely conclude that is not the case.

Without bitcoin not a single one of those coins will be here and if a private institution tries to release a coin like that it will face the same problems that Facebook has faced.

I can perceive the manipulation of the bitcoin market by crypto whales. Stable coins are pegged to an already existing currency,  this make it relatively reliable that Bitcoin  in a layman knowledge of investment.
But Bitcoin carries an intrinsic value that outweighed the value of stable coins.
Traders would prefer trading with bitcoin and banking on stable coins in order to sustain their investment profits.

Bitcoin is a cryptocurrency business. This business has earned a good name in the world. It is sharing its good role in the economy of world. We need to use it for earning. We need it to do business. We need it for a good activity. We need it to learn about cryptocurrency. We need it to get knowledge and experience. So bitcoin is a stable coin that has more than done decade of life this time. So Bitcoin is a coin that we need to use to know about advanced technology and E-commerce.

people need bitcoin for their salary, for profit. we can use crypto as payment, around the world, but that coin must be stable, no up down value, it have same cost in every country. every country can create their own coin than make regulation about it, so poeple there some equally between each country.

bitcoin is a product of today's developments. High volatility is currently the hallmark of cryptocurrencies, this is not without reason, we know price formation occurs because of supply and demand, with the lack of bitcoin users causing whales to make movements as they wish, but I think the more countries that legalize it, bitcoin will eventually become will become more stable

Well, for starters, they're both cryprocurrencies but hey, these two have almost nothing in common and they do have a big difference as for its uses and for the people. Stablecoins is also a digital currency with a value tied by the local currencies or US Dollar for example, and these coins are completely centralized because its value or market price is controlled by central banks which makes it less risky to invest and trust on. While bitcoin, is also a digital currency and is a complete decentralized meaning there's no authorities that is controlling it or who watches every transactions made into the system. It's value isn't backed by any currency or commodities which makes it extremely volatile. But bitcoin has proved its existence for more than a decade now and it remains the most trusted cryptocurrency of all time.

It's a matter of where you trust your funds to invest, no one is pursuing you where. It's your decision where.

One can can't predict what can happen in the future or in the coming years, as nobody knows how cryptocurrency market will be today, stablecoin are made stable to make holding easy so as to access the crypto market safely. Bitcoin has a very bright future in the entire crypto world, if you think people will not adopt bitcoin just flash back 3-4 years back, the entire crypto market is not as if is today, because today many people now notice how important cryptocurrency is to them so they adopt crypto, so it's not yet over for bitcoin, there is more time.

You do not get it at all do you? Firstly stablecoins are usually backed up by some real coin - Which means that they are subject to inflation. Second, you have a huge third party risk in using them: you have to trust the issuer and the guarantor of the value. If all you want is to move money around, you have a banking system that mostly allows you to do so 100 times a day if you want. Bitcoin is not about that, it is a peer to peer transaction system that is TRUSTLESS. Basically quite the opposite of what you get on the so called stable coins.

Then why you're here in crypto if you don't want to invest in bitcoin? Did you know that bitcoin gives people freedom to invest and earn? Bitcoin is very useful in many ways. Also bitcoin is decentralized digital currency that no single authority can control it but the stable coins is centralized on which the value is stable and controlled by the banks. Bitcoins volatilty gives people huge earning if they know how to manage their bitcoin investment.

people need bitcoin for their salary, for profit. we can use crypto as payment, around the world, but that coin must be stable, no up down value, it have same cost in every country. every country can create their own coin than make regulation about it, so poeple there some equally between each country.

And that's what really going to happen soon. CBDC's will be having their share and that's what the banks are going on for.

Every cryptocurrency is good as payment as long as there's someone who's willing to accept it as a payment. That's what cryptocurrencies are for, with or without a stable value as long as there's a demand.

Anyone can opt for it as payment.

but that may only happen at the time of interpersonal purchases, as it is difficult for large companies to accept cryptocurrencies as long as the government has not legalized it. but in the future I think if the situation and conditions support the development of the digital world, and are relevant for use, I don't think the government will turn a blind eye

It's a shame the OP hasn't been active for a long time LOL

only bankers should have questions like this

Bitcoin is needed so that humans can freely transact with others easily, efficiently and without large fees

why bankers don't like bitcoin? because they know that to control the world and humans have to control money

and fiat is a failed product (maybe stable coin too) LOL

As said, it depends on the transaction and the agreement of both parties. So if both agree, that's enough for one to receive the agreed crypto in payment.

And relying on the government's rule, it's really one of the reasons why others don't want to accept payment in crypto.

But if there's no regulation stopping them to receive and send crypto as payment, there's no problem.

I don't think bitcoin can be a stable coin because bitcoin will always have up and down price movements that will never make the price of bitcoin stable, indeed in the future nobody will know that bitcoin can still be used or not but you should know that bitcoin is still potentially good for the future.

Do you know what the real reason is? It is because bitcoin is a decentralized currency that no one can control it except to regulate its users. You can't expect bitcoin to be stablecoin although in the future its adoption could be more developed. Bitcoin will remain decentralized even if the government is able to regulate its users to be centralized.

Because bitcoin is a currency or asset that function like a currency, it can be used to make payment to anyone who wants to receive it. Its function as a currency, of course, bitcoin can be used in any case such as paying, betting or storing it. The OP may need to read more about bitcoin to broaden his horizons, bitcoin is not gambling although some people invest or trade like gambling (no analysis and only hope).

In terms of the transactional value of bitcoin, you're right, stables do provide that.

But when it comes to storage of value for the long run, this is something that stables absolutely cannot do given that they are tied to traditional forms of fiat instead of BTC which is a decentralized protocol that can never be inflated beyond its schedule.

And that, arguably is the biggest advantage of BTC.

Many times not even the bankers, because the bankers know the value of BTC, what they do is be against it, but I am sure they own BTC, they cannot refuse money, and obviously BTC represents money and a lot with the option to continue multiplying In addition to the benefits that BTC has on the traditional economy, that it is deflationary and not managed by third parties is something unique, I think that the lack of control is why many are against BTC. At least that type of economy is unique and superior to the traditional one.

It is true than bankers will hold some bitcoin at this point in time, as it has become so popular, but that is not the point at all: stable coins mean that they simply keep a standard exchange rate against the euro, dollar or whatever. Their have very limited investment value as there is no scarcity at all of any of these coins. You need a complex structure to transfer and work with them and have little advantage over modern electronic transfer systems. Stablecoins are not needed at all IMHO and should be removed as they do have thrid party risks in their issuance.

Think of BTC like you are trading in a “decentralized” stock market. Although that El Salvador already implemented BTC as a legal tender by making it as a medium of exchange through Lightning Network, it’s an alternative payment source. However, it cannot replace fiat. We still need it for a very long time, as both fiat and cryptocurrencies can co-exist with one another in their different use cases and fundamentals.

As for stablecoins, it is my alternative source of saving money and to either cut losses or putting my crypto gains on it. However, I usually saved more money on stablecoins than in banks despite I am saying it’s “alternative”.

bitcoin prices will forever fluctuate because bitcoin prices are purely influenced by supply and demand, besides bitcoin prices can also be influenced by news circulating. In contrast to stable coins like USDT which get support from USD and forever the value remains 1 USD. but even so bitcoin will still be used for long-term investment purposes or day trading.

Except that people without brains have consistently outperformed the market for the past decade... Weird.


Exactly.

If you need to hold value in the short run it would be stupid to put it all into something as volatile as BTC, so a stablecoin makes sense. But holding stablecoins in the long run rarely makes sense given the fact that you'd essentially expose yourself to both the risk of fiat depreciation and the risk of the custodian exit scamming.

Yes, they both have different functions. I use USDT to avoid losses when the market is down and I use bitcoin to increase the digital assets I have. bitcoin and USDT both have the largest community in the world and this can be proven by the very large daily trading volume. as I said before if USDT can be used to avoid losses, in other words if someone uses bitcoin to trade or invest they will definitely use USDT when the market is down.

If the stable coin you mean is USD, you are better suited to discuss it on the forex forum, bitcoin has its own characteristics. And if you mean usdt (tether), this coin is also very active in btc and alt price pairs. although price refers to the original dollar, tether cannot stand alone especially if it is used for alt trading whose daily charts still depend on btc.

I don’t know if you all ever get tired of this same talk. I just wonder why it is every time that you all will be asking why is the need for Bitcoin. If there was no need for Bitcoin then why has it been growing over the years now? If Bitcoin was useless, then right from the start it would have started falling and people wouldn’t be interested in it by now.

But it’s because of how useful it is, that’s why you have seen it keep growing over the years. Still, that is not to say that Fiat is not useful, fiat and stable coins in their own way are also useful, but over time they start to depreciate in value due to inflation. But Bitcoin will continue to increase in value, which is why you should hold some of your money in Bitcoin for a long term.

You are right, BTC has been seen by many as if it were a store of value, I would not know how else to put it, stablecoins are generally not purely fixed in value FIAT, they always carry a mixture of crypto and this is not them. pure, the currency as such is the one that establishes the faithful comparison between BTC and its value, which is also why there has always been a certain friction with the USDT, since the USDT is a very accepted stablecoin but that in 2017 had some inconsistencies that were canceled by Bitfinex, a certain sum, now what can be said about stablecoins against BTC is that a stablecoin can never be superior to BTC.

A person who doubts Bitcoin means that he does not understand Bitcoin, and maybe has never even tried to use Bitcoin. Because I've been using
Bitcoin for several years, so I admit I really need Bitcoin, because there are so many benefits that I get from Bitcoin. As you said Bitcoin continues
to grow every year, meaning more and more people are using and needing Bitcoin. That is why Bitcoin has become so popular that there are even
countries that legalize Bitcoin as a legal tender. But Bitcoin also still has some drawbacks, therefore we still need fiat or stable coins.
So in my opinion, don't compare Bitcoin with stable coins or fiat, because from the beginning Bitcoin was created as an alternative payment,
not to replace fiat. Indeed, ideally Bitcoin and fiat complement each other so that human life will be much better.

You are right in your statement, if we put everything in context, BTC will always give life to this type of currencies and if we look on YouTube or any social network where they talk about trading, the pair BTC / USDT, ALTCOIN / USDT is used a lot , I think it is what people see closest to the USD currency, of course everything would be ideal if trading with USD, but currently USDt is being widely accepted, in other cases people to save much more look for pairs that have to do with BUSD, which is not bad at all and is widely accepted.

It does seem like Bitcoin is on a bit of a downward spiral right now and there are plenty of other alternatives out there which have improved on it's weaknesses. The trouble is when you see a tumble like this, just like there is irrational hysteria on the way up - in the form of a rapid spike, then there is also a snowball effect on the way down - where everyone is trying to get out because they don't know where the bottom lies. Stable coins or coins connected to the currency of a particular country are going to do better in the long term because they have a central bank which is able to steer them with a regulated amount in circulation. While everyone blesses Bitcoin for having a hard limit of 21 million and that does have benefits, it's also highly restrictive in the huge web of transactions taking place all the time.