Those who converted their crypto funds into stablecoins have missed out on the 100% rise since mid december last year. I'm sure a lot of those people that did that in fear of further losses regret it strongly now.
Agree. Stablecoins retain the value of $1 USD, which makes it impossible for anyone to gain some extra profit within a bull market. Still though, Stablecoins are a good way to protect yourself against the dreaded inflation inherent within many well-known cryptocurrencies today. The most rock-solid Stablecoins in the market right now would be Tether, DAI, and TrueUSD. Investing into them, would allow you to gain the benefits of traditional Fiat currency we know and love today.
While the system is not perfect, it certainly holds a bright future that will transform our economy for the better. Banks and other financial institutions have become interested in joining the Blockchain space. Even some Stablecoins have been regulatory-compliant, issued by renowned companies in the crypto industry (like Gemini's GUSD). There's a huge probability that in the future, Stablecoins will be the norm of our economy as they slowly but surely replace traditional Fiat in many ways.
Nonetheless, crypto is still in its very beginnings. The concept of Stablecoins may have gained some traction since its inception, but it still needs adoption within the mainstream world. Hence, if there's no adoption or demand for such coins, then traditional cryptocurrencies will remain the top choice of people for many years to come. Just my opinion
