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nguyenkhanhhung14
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Activity: 252
Merit: 14
Marketplace for sensor data
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March 13, 2018, 10:25:58 PM |
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IMO, stable coins and volatility coins have their pros and cons. Stable currencies like USDT help investors avoid losses when the exchange rate drops rapidly; they will exchange to USDT and hold to wait for the exchange rate to bottom and to continue investing. Volatility coins such as Bitcoin, Ethereum, NEO and the rest of the cryptos are volatile; the advantage is that they bring huge profit to investors but more risk to invest. |
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ralle14
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Activity: 3164
Merit: 1875
Metawin.com
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March 13, 2018, 10:40:45 PM |
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I'm not familiar with the other altcoins mentioned in the list except for tether Few months back I wanted to give tether a try until I found out some issue about it now i'm just watching them. Before these coins can be used to everyday transactions they should prove that these coins are reliable than any other alts because if not this will be hard task to achieve. Most of them sounds good to use but I would stick to the old reliable fiat for now because it's where everyone is used to transact and most people from my place accepts it than crypto.
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tabas
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March 13, 2018, 10:52:08 PM |
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I'm not that familiar with those coins except Tether. I'm hearing nowadays, Forbes is one of the best way to advertise or shill some coins. So those coins that are indicated in that article is just base on his opinion and giving people an idea that they want to pump these coins.
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HashFace
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March 13, 2018, 10:55:48 PM |
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That is a nice break down of the stable coins. They will likely be lousy "investments" ... I mean, they are designed to make increase or decrease in price ... but they may be attractive for a quick safe haven to throw your coins into in a sell off, or as the article mentioned, may actually become useful for everyday transactions.
Store owners will likely continue to avoid Bitcoin and other high volatility coins, but may accept something like the coins mentioned.
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gentlemand
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Merit: 3008
Welt Am Draht
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March 13, 2018, 10:59:17 PM |
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Some day there may be a fully legitimised stable coin. Until then I won't be bothering.
Tether's done an impressive job so far of maintaining its value. Every previous attempt like Nubits has had phases where the peg went down the toilet.
Alternatively more regulation and more professional exchanges may increase the amount of exchanges where real fiat is available, and squash the attempts at welding fiat to alts as a condition of that.
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surfinonmyownwavebaby
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Activity: 252
Merit: 104
Decentralized Ecosystem for User-Generated Content
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March 13, 2018, 11:01:26 PM |
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Create whatever kind of coin you choose, I don't care all I ask is that you provide us with a transparent way to confirm your blockchain. I don't believe Tether has done this and if Havven and others fails to do the same, I will write them off as craptokens that cannot offer the simplest request one can make of a distributed ledger system.
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toucan.crypto
Newbie
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Activity: 11
Merit: 0
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March 13, 2018, 11:08:06 PM |
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Pegged-value coins are very useful for me as they let me able to store wealth in an indeed stable, and decentralized way. I'd never use tether due to their shady practices and they aren't much decentralized, they are just mean to be easily transferable between exchanges I prefer coins like bitUSD or bitCNY which are backed by bitshares, usable in his decentralized exchange, and even start to be used by other exchanges like aex I think it worth noting there is also other pegged-coins on the bitshares (bts) network, like bitGOLD and bitSILVER. A good way to invest into metals without having to store it  |
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Sinecoin
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March 13, 2018, 11:22:33 PM |
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If cryptocurrencies were stable then they would get virtually no attention. The reason why bitcoin began receiving its initial coverage was due to the massive price rises in a relatively quick time span. When it comes to tether i dont even see tether a crypto due to the fact that its just a way for exchanges to allow users to trade their coins into usd without having to deal with the regulations that come with using usd.
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Beerwizzard
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March 14, 2018, 10:11:47 PM |
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I'm getting more and more disappointed each time I see articles of such qualities on Forbes (maybe it is somehow connecred with the offers of paid publications from the servicce board, duno).
Anyway a stablecoin (lets just say USDT as it is the most popular one and the idea of those coins iss the same, "our stuff is safer then the previous one") is a straight way to nowhere. No mater how good will be your coin. The initial idea of 1:1 is bad. To make this thing work you have to store the same amount of those coins in USD. Right now Tether should have about 2.2$ billions if they need to back all their coins. I highly doubt that they have those money. Also the market is growing together with the demand. And with all those things there is still a high risk that the stablecoin will face some problems and won't be backed 1:1.
The official issuer of the foat currency is the only ine who can establish the safe stablecoin connected with this currency.
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Ondongeric18
Jr. Member
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https://i.imgur.com/Wl0rfMA.jpg
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March 14, 2018, 10:55:35 PM |
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A stable coin would be most appreciated by companies. If bitcoin would be very stable I think most would have chosen it to replace fiat currency. The idea of volatility allows coin buyers to gain profit but not the companies who wanted to use it for their online transactions. It's hard for coins tobbe used by both with different interest and uses.
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aeternus
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March 15, 2018, 01:11:43 AM |
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I do not like the idea of coins that are pegged to something to become stable I know that such coins offer advantages to traders since they do not have to exchange their cryptocurrencies to fiat all the time, but such coins can be easily manipulated as well since the ones creating that cryptocurrency could state they are holding more dollars or gold than they actually are and when it is discovered they lied the price will drop like a rock. |
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metenjean
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March 15, 2018, 01:58:57 AM |
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If you're comparing them to bitcoin nowadays then the main reason is they're more safety to invest with since there are lower volatility and lower risk. However lower volatility also make stable coin like USDT less attractive to investors, rather than stable i should say its more like the price is flat and never exceed a number and all of that make investing in these kind of coins later is just the same as when you're investing in financial investment or gold.
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jseverson
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March 15, 2018, 02:44:44 PM |
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Well, volatility is definitely a barrier in Bitcoin's road to a serious mainstream currency. It's not at all surprising that merchants would prefer to accept a stable currency after all. These stablecoins aim to address these problems and at the same time provide a crypto shelter to traders in cases of bear markets. They're probably better suited for everyday use than Bitcoin, at least in principle.
There is a downside though, of course, and that is the fact that their stability is artificial, and this almost certainly goes hand-in-hand with centralization. This means they're much more vulnerable to regulations, and in the end, you might as well be using digital fiat. There's also the issue of actually backing them, which basically means that at some point, their supply will be terribly constrained with their value being unable to scale.
All in all, they are useful in certain situations, but I'd rather trust the process and ride this out with Bitcoin.
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jack107
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March 17, 2018, 11:55:42 PM |
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Out of that whole list, I like Havven. I especially like that they're not pegged to gold or fiat. They system itself is very smart and I can see them succeeding. Already listed on some exchanges too
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alexcopper
Member
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Activity: 280
Merit: 12
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April 02, 2018, 09:52:24 PM |
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Out of that whole list, I like Havven. I especially like that they're not pegged to gold or fiat. They system itself is very smart and I can see them succeeding. Already listed on some exchanges too
yes since they're new to the market lots of people don't quite understand the system they have set up. quite smart and very excited for their growth |
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Irwandho
Newbie
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Activity: 83
Merit: 0
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April 02, 2018, 11:25:41 PM |
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I'm not familiar with the other altcoins mentioned in the list except for tether Few months back I wanted to give tether a try until I found out some issue about it now i'm just watching them. Before these coins can be used to everyday transactions they should prove that these coins are reliable than any other alts because if not this will be hard task to achieve. Most of them sounds good to use but I would stick to the old reliable fiat for now because it's where everyone is used to transact and most people from my place accepts it than crypto.
in my opinion have not understood about what in intent because I just learned all about bitcoin |
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ASHLIUSZ
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April 03, 2018, 12:05:44 AM |
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Very few coins were stable from its existence. These can be used as an asset for backing of traditional fiat, because there are people who fear of keep holding their hard earnings into the banking. These coins won't be helping in the profiting through trading and other means of opportunities.
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UnlimitedMoneymaker
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April 03, 2018, 12:26:09 AM |
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Pegged-value coins are very useful for me as they let me able to store wealth in an indeed stable, and decentralized way. I'd never use tether due to their shady practices and they aren't much decentralized, they are just mean to be easily transferable between exchanges I prefer coins like bitUSD or bitCNY which are backed by bitshares, usable in his decentralized exchange, and even start to be used by other exchanges like aex I think it worth noting there is also other pegged-coins on the bitshares (bts) network, like bitGOLD and bitSILVER. A good way to invest into metals without having to store it I don't understand why they didn't include bitUSD/bitCNY/bitRUBLE assets. It's stable coins and they also have it's own exchange and gateways to exchange fiat->bitUSD->fiat. It's usefull quick and easy. I usually use it when I want to cashout some money. |
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