Keeping stable value in crypto

[Net1zen]

Simple question:
Is there any option currently, to convert Btc anonymously to crypto-tokens with stable purchasing power? To keep only seed / private key. And convert it back later without KYC and other verifications?

Thanks

[Net1zen]

There is USD backed token called Thether, working on omni protocol. Centralised issuer.
Small amounts can be exchanged using Shapeshift, comission isn't good as executed as market orders both sides in low liquidity orderbook.


Is there any other way to stay in crypto privately and protect value from volatility?

[ArcCsch]

If you want stable value with no chance of droppng...
Forget crypto, there are no guarantees.
Forget fiat, it inflates continuously.
Keep something scarce with intrinsic value, like copper for example, or helium.

[Net1zen]

If you want stable value with no chance of droppng...
Forget crypto, there are no guarantees.
Forget fiat, it inflates continuously.
Keep something scarce with intrinsic value, like copper for example, or helium.

You are too pessimistic. ) "Forget" - isn't the best option. It can be created, decentralised, trustless and stable. With only private key as a proof of ownership. BitShares assets - was the first try, but there are some flaws too. Need to look into smart contracts with SideChains and decentralised data feeds. I am sure there are some developments happening right now.

No any scarce resources can be stable in long term, as there is always demand fluctuation and speculative component of price.
http://www.kitconet.com/charts/metals/base/spot-copper-5y-Large.gif


And keeping physical metal under bed is not actually what I am looking for, but any derivative with centralised issuer has trust questions.

[irukandji]

Stable compared to what? the USD?

Does tether do that?

https://tether.to/

[rapazev]

there are some "stable" cryptos. Generelly i use them to avoid instability.
two good examples are DIEM and SBD(steem dollar).

DIEM have a good liquidity, but need some time to execute your orders... so if you will go out for a long time you can put some orders at 1 satoshi and maybe after some time it will be executed. in this case, you can easily sell it when you come back for 1 satoshi or you can even try to sell at 2/3 satoshis and have some profit. still very risky tho... it's an almost dead coin(imo).

SBD have a good liquidity too and the variation isnt big, it generally keeps 1 dollar worth in bitcoin(120~140k satoshis). as any crypto, there are some risks too.

if you want real parity with FIAT, than tether is the best option for sure.