Stablecoins

[maxhoang]

Bitcoin was born with outstanding advantages such as not being managed by the government, easy to transfer without intermediaries, not able to freeze or confiscate assets. However, the biggest problem with Bitcoin has prevented it becoming a means of payment, which is very high price volatility. And the solution to this problem is stablecoins.
What do you think about stablecoins???

[teddyppap]

Bitcoin was born with outstanding advantages such as not being managed by the government, easy to transfer without intermediaries, not able to freeze or confiscate assets. However, the biggest problem with Bitcoin has prevented it becoming a means of payment, which is very high price volatility. And the solution to this problem is stablecoins.
What do you think about stablecoins???

Stablecoins are essentially electronic money but are of stable value. These coins have the characteristics of Bitcoin, but they are stable value, making them potentially a means of paying, storing value and unit of measurement. These coins are expected to be the currency of global payment, serving the payment market over 90,000 billion dollars. We have four characteristics that an electronic currency can become a global payment medium:

    - Price stability
    - Ability of extension
    - Security
    - High dispersion (unlike tether, collateral managed by a company)

Currently, no stablecoins have achieved all four conditions, most of them only reached a few criteria mentioned. Stability and scattering exist in a number of currencies, but the scalability and high level of security will take time to improve.

[Crypto Jaga]

Bitcoin was born with outstanding advantages such as not being managed by the government, easy to transfer without intermediaries, not able to freeze or confiscate assets. However, the biggest problem with Bitcoin has prevented it becoming a means of payment, which is very high price volatility. And the solution to this problem is stablecoins.
What do you think about stablecoins???

There are many practical issues with stable coins. Tether is one example. There are many talks it being a scam coin (which I dont know). The biggest problem is, cryptocurrency are subjected to a huge volatile, so if there is a genuine stable coin, everyone will convert into that during those huge fluctuations, but then who can manage such a huge fund to safeguard a stable coin. That was the issue with Tether. Many suspect it doesn't have enough $ to cover USDT (Tether). So, for the moment, only stable currency is the fiat currency, but unlike Tether, not everyone convert cryptocurrency into fiat currency during a fluctuation because then"tax" come into play.

[waqarkahloon]

Currently bitcoin is under development and adoption. Once it got adopted by all systems and it become less volatile then it will be great to transfer money with it. Because then we will not have more inveatment in bitcoin or may be some standards announced regarding price rise .

[CAPT.DEADPOOL]

bitcoin stable and its value is just a week ago and I'm sure that the price will be higher this month or next month when you have finished the event in china so just hold your bitcoin

[BTCLovingDude]

at first i thought you were actually talking about a coin called "stablecoin" specially since you didn't put a space between them! but since google didn't turn up any coin with that name i am sure you just missed a "space".

with that said you can not have an honest decentralized cryptocurrency with fair distribution and expect its price to be stable!
when it is a free market that nobody can fully control, with a fair distribution of the coins, you will get a volatile market. and as the adoption of it grows there will be wild swings but in long run it will be reduced.

[EvaGC]

«GLOBCOIN’s vision for a smart stablecoin implies the following criteria:

A global currency, which offers stability. By stability, we understand low volatility against one or a group of national fiat currencies.
A currency that not only is stable but also acts as a store of value. That means this currency has to protect the purchasing power of its holder in the Global Economy. That also mean its performance has to be simple and rational by construction and not depend upon the effectiveness of any black-box system.
It has to be truly global and be exchangeable with all major national fiat and cryptocurrencies.
It has to be liquid i.e. it has to provide a tradable price at any moment for small or large amounts, from the equivalent of 10 dollars right up to 50 million dollars. In our vision, liquidity has to be achieved by having an elastic supply.
It has to be robust to market stress. The crypto market is volatile and there is a renewed interest for fiat-backed cryptos. Some projects promise to launch a stablecoin backed by a portfolio of cryptocurrencies and algorithmic smart contracts. However, we believe that algorithmic pegs are by nature fragile against tail-event type of scenarios (black swans) where cryptocurrency markets would undergo significant moves. At the same time, the ability to protect investors’ capital in times of significant cryptomarket volatility is the very reason why stablecoins are a necessity. To compensate for this fragility algo-pegs sometimes over-collateralize in order to create a capital cushion in case the strategy would fail to properly track the reference index. This now creates another flaw by making the algo-peg capital inefficient. Fiat-backed stablecoins do not suffer from these 2 flaws because they use a hedge with no market risk. Of course, on the other hand they create a different challenge since a true fiat hedge means being able to connect successfully with the traditional financial world. See next point.
6. It has to be 100% transparent and trustworthy. In its content; its creation; its redemption. We want Globcoin users to have the safety of a Tier 1 Bank and a regular auditing process by a recognized firm.»

Quoted from their blog

[burdagol12345]

Bitcoin was born with outstanding advantages such as not being managed by the government, easy to transfer without intermediaries, not able to freeze or confiscate assets. However, the biggest problem with Bitcoin has prevented it becoming a means of payment, which is very high price volatility. And the solution to this problem is stablecoins.
What do you think about stablecoins???

Stablecoins only is in need only in volatility but in means of  the value price we need the bitcoin to increase its price so that all of us people will not be bored if the price is always stays disame and there is no challenge in means of pumping the bitcoin price.stability of coins in the crypto market  is good,but we need the volume and the price of bitcoin will pump  and turn back  like to those previous year thats approxiamately will round to900k-$950k,so that we could earn.

[muhammed27aslam]

Non of the coin will be stable. We can't trade if coins are stable. It all about supply and demand.

[Suharti12]

It is good but I think it is very difficult to do, and the excess bitcoin one of them is the price that always moves for us to trade and with the price gradually always go up.

[Indrawan77]

Unfortunately it will be difficult to have a stable value in crypto, since everything thing is decentralised, we can't prevent people to sell or to buy bitcoin, but with a  huge adoption the volatility will be decreasing, now we are entering the next phase which is legalisation from the government, if a lot of countries agree to legalize or regulate bitcoin then the adoption will get bigger and we hope that in the future bitcoin will be able to be used as daily currency

[skylar]

People still think cryptocurrency for investment tools & not for payment usage, and again its decentralized so IMO it is hard to make it stable.
Maybe if any altcoin has been used by the most people of this world as a payment usage it will be a little bit stable.