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Author Topic: What happens if a stable coin is in high demand?  (Read 368 times)
jhony525525
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August 29, 2018, 06:43:58 AM
 #21

If a stable coin demand rise then the value and price will automatically rise and in this way it will get much attention in the market while to hold this kind of coin is a good way to sell at high price.
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August 29, 2018, 08:34:46 AM
 #22

A stable coin is any cryptocurrency pegged to a stable asset, such as gold or fiat currencies. In theory, a stablecoin will remain constant in price, as it is a representation of a known amount of an asset.

My question is: Does a stable coin have a set total coin supply? Or does it have to be able to create and destroy based on the demand?

The image in my head goes like this:
A stable coin pegged to a currency started off its business saying it would have a coin supply of $5 billion. Everything works well until one day, the crypto market goes south and everyone rush to buy the stable coin. The coin is unable to sell to everyone because the demand for the coin is too high, so some people are left out.

Please correct me my misconception Cheesy

In my opinion, stable coin like USDT if always printed because peoples demand, its will increase others coin price. Supply on USDT increasing but supply on bitcoin or others coin not change

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August 29, 2018, 08:37:00 AM
 #23

A stable coin is any cryptocurrency pegged to a stable asset, such as gold or fiat currencies. In theory, a stablecoin will remain constant in price, as it is a representation of a known amount of an asset.

My question is: Does a stable coin have a set total coin supply? Or does it have to be able to create and destroy based on the demand?

The image in my head goes like this:
A stable coin pegged to a currency started off its business saying it would have a coin supply of $5 billion. Everything works well until one day, the crypto market goes south and everyone rush to buy the stable coin. The coin is unable to sell to everyone because the demand for the coin is too high, so some people are left out.

Please correct me my misconception Cheesy

simply applies the law of supply and demand, if a coin has a limited supply but the demand is high, it tends to increase in price, therefore not stable, if a coin has low demand, means it has plenty of supplies in the market, means no one is buying it, therefore unstable too, a stable coin has plenty of supplies and the demand is also high, volatility is the major issue here, the fast paced trading due to high demand and also growing supplies because of mining and panic selling on the market are the culprit.  

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August 29, 2018, 04:20:59 PM
 #24

I don't know how we can call bitcoin a decentralized coin when we can just print out tether like crazy and buy bitcoins or whatever we want with it and than call it different than regular bank controlled dollar or euro ?

I mean if we can just print tether whenever we want, than we can simply just print out 100 trillion tether today and buy as many bitcoin as we can and spike the price of bitcoin to insane amounts and than call bitcoin successful, that doesn't make us any different than 2008 banking crisis where they print out 800 billion dollars. We should try to limit stable coins and their owners trying to adjust the price by hand, people should be doing that themselves looking at the value of it, not the other way around.

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August 29, 2018, 04:29:12 PM
 #25

A stable coin is any cryptocurrency pegged to a stable asset, such as gold or fiat currencies. In theory, a stablecoin will remain constant in price, as it is a representation of a known amount of an asset.

My question is: Does a stable coin have a set total coin supply? Or does it have to be able to create and destroy based on the demand?

The image in my head goes like this:
A stable coin pegged to a currency started off its business saying it would have a coin supply of $5 billion. Everything works well until one day, the crypto market goes south and everyone rush to buy the stable coin. The coin is unable to sell to everyone because the demand for the coin is too high, so some people are left out.

Please correct me my misconception Cheesy
Well its true that stable coins seems like a gateway to wait the market dip and then buy again. But i do think it doesnt matter and not affecting the price so much. Doesnt mean people would just leave and doesnt mean all people will follow to dump their coins. I believe  there is a buyer and there is do a new people enter crypto everytime the price going down so i dont agree with your theory and its too hard to have a proof about that.

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August 29, 2018, 05:04:12 PM
 #26

I am of the opinion that if the demand is high and it is rising the coin can not remain stable.  There are traders who are watching all entire market.  Immediately they will attack that place and drive the market and its price for their benefit.
So if the demand is high naturally it means as a result the price will move upward.

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August 29, 2018, 05:06:02 PM
 #27

Your question is pointless,because a coin with a stable price will never have high or increasing demand.
The price volatility and the possibility for the price to do up is what drives the market demand for a particular asset.I don't see any altcoins with a stable price.Tether is the only example,but I don't think that this is a real  
cryptocurrency.Tether is fake crypto. Grin
I absolutely agree with you. Decentralized crypto currency can not have a stable price due to its high volatility by nature. Now they are trying to create tokens linked to gold (ICO Jinni project), others are to diamonds, but so far it is unclear what will come of it. Meanwhile, I do not believe in a stable currency.

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August 29, 2018, 07:30:24 PM
 #28

Your question is pointless,because a coin with a stable price will never have high or increasing demand.
The price volatility and the possibility for the price to do up is what drives the market demand for a particular asset.I don't see any altcoins with a stable price.Tether is the only example,but I don't think that this is a real  
cryptocurrency.Tether is fake crypto. Grin
I absolutely agree with you. Decentralized crypto currency can not have a stable price due to its high volatility by nature. Now they are trying to create tokens linked to gold (ICO Jinni project), others are to diamonds, but so far it is unclear what will come of it. Meanwhile, I do not believe in a stable currency.

Since you guys agree let me ask you this. A coin has a stable price due to it having limited supply and being widely accepted. Think Bitcoin in 20 years. I believe that if it continues to exist 20 years from now it will be relatively stable. Suddenly a war begins, wouldn't it surge? Same thing is happening with som many stable fiat currencies that become unstable once the shit hits the fan.
So yea, iI believe that a stable coin can suddenly go into a crazy rally. The question is pointless though. If there's a sudden high demand a stable coin becomes unstable, that's it.

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August 29, 2018, 08:03:03 PM
 #29

A stable coin is any cryptocurrency pegged to a stable asset, such as gold or fiat currencies. In theory, a stablecoin will remain constant in price, as it is a representation of a known amount of an asset.

My question is: Does a stable coin have a set total coin supply? Or does it have to be able to create and destroy based on the demand?

The image in my head goes like this:
A stable coin pegged to a currency started off its business saying it would have a coin supply of $5 billion. Everything works well until one day, the crypto market goes south and everyone rush to buy the stable coin. The coin is unable to sell to everyone because the demand for the coin is too high, so some people are left out.

Please correct me my misconception Cheesy
This one, in Bold. Stable coins have to be created and destroyed when you buy and sell them. As far as I know there is no such coin but this version almost seems like a dream. Imagine you want to get rid of any unwanted actions from bank and keep your funds secure in virtual world, buy and sell without trace and keep anonymity, imagine second Monero with fixed price and changeable demand.

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August 29, 2018, 09:22:36 PM
 #30

Any coin or stable coins in the market which are currently in demand would really take the high price value of that stable coin, and much more it will rise up if the supply in the market is fewer in quantity, if the volume is more of quantity still it get a higher price because of a certain demand of that coin.
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August 29, 2018, 09:35:28 PM
 #31

It should not be going with the flow of the crypto market.
Nothing can be stable when it is leaning at it.

Independence. It should make its own price.
5 billion coins is in your example and I think that should be enough if the price per coin will be higher before it stabilize.

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August 29, 2018, 09:58:11 PM
 #32

A stable coin is any cryptocurrency pegged to a stable asset, such as gold or fiat currencies. In theory, a stablecoin will remain constant in price, as it is a representation of a known amount of an asset.

My question is: Does a stable coin have a set total coin supply? Or does it have to be able to create and destroy based on the demand?

The image in my head goes like this:
A stable coin pegged to a currency started off its business saying it would have a coin supply of $5 billion. Everything works well until one day, the crypto market goes south and everyone rush to buy the stable coin. The coin is unable to sell to everyone because the demand for the coin is too high, so some people are left out.

Please correct me my misconception Cheesy

The problem with a stable coin is that there has to be a bank or reserve of the asset the coin is pegged to so that people can redeem the coin for the asset. The ability to redeem it for a set value of the other asset is what gives the coin a stable value. If some coin has a $5 billion valuation backed by dollars, there has to be $5 billion dollars in reserve to exchange for anyone who wants to trade out. The first problem is amassing the enough of the asset to peg the coin to it. Also, pegging the coin to dollars should theoretically limit the upside of buying the coin, even if demand spikes, because the most you are guaranteed to get out of owning the coin is the same amount of dollars in the pegged value, so it's it entirely seems pointless to try and trade a pegged coin for profit.
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August 29, 2018, 11:24:52 PM
 #33

A stable coin is any cryptocurrency pegged to a stable asset, such as gold or fiat currencies. In theory, a stablecoin will remain constant in price, as it is a representation of a known amount of an asset.

My question is: Does a stable coin have a set total coin supply? Or does it have to be able to create and destroy based on the demand?

The image in my head goes like this:
A stable coin pegged to a currency started off its business saying it would have a coin supply of $5 billion. Everything works well until one day, the crypto market goes south and everyone rush to buy the stable coin. The coin is unable to sell to everyone because the demand for the coin is too high, so some people are left out.

Please correct me my misconception Cheesy
A stable coin can still move a little bit when it comes to its price since it will be affected by the demand. but since its pegged to another currency, like the dollar in the case of tether, the variations in the price are going to be a lot lower, the only time when I saw the price of tether being very low was when there were a lot of rumors about that not every single tether is backed by a dollar.



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August 30, 2018, 03:16:05 AM
 #34

If a stable coin demand rise then the value and price will automatically rise and in this way it will get much attention in the market while to hold this kind of coin is a good way to sell at high price.

That wouldnt be a stable coin anymore lol. If the demand rises on the stable coin there should be more supply to maintain stability, if there is less demand then the issuer has the duty to buy every coin that is dumped.
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August 31, 2018, 04:03:24 PM
 #35

Most stable coins have a variable demand as is the case with coins like Tether. The price can fluctuate in times of high or low demand but a very small amount because people know they're losing out if they trade in such times.

In your example the expectation for the fall in the crypto market would have to exceed the loss they'll get for buying the stable coin at a higher price or selling it at a lower dollar price.
This is very far from the nature of bitcoin and the nature of the crypto currency, but if we want to just dream a little about a high demand with values ​​that can only be said to be straightforward, then bitcoin will have less popularity, because what? investors expect a higher price, because the increase will not occur, investors will look for other alternatives to become investment assets
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August 31, 2018, 04:39:48 PM
 #36

If a stable coin demand rise then the value and price will automatically rise and in this way it will get much attention in the market while to hold this kind of coin is a good way to sell at high price.

That wouldnt be a stable coin anymore lol. If the demand rises on the stable coin there should be more supply to maintain stability, if there is less demand then the issuer has the duty to buy every coin that is dumped.
I don't think the stable coin is ever present in a crypto market, unless it didn't enter any exchanges which impossible since how can it get high demand. It may vary on caps and how the team will handled it.

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August 31, 2018, 04:55:42 PM
 #37

There won't be a stable coin if the supply of the coin is limited, there's always supply and demand factor that will keep the price moving according the current trend. The only possibilities of a stable coin is a coin with unlimited supply and the creator can create as much coin as they want to fulfil the demand and to destroy some of the coin if there's too much circulating coin, and that's called fiat.

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September 01, 2018, 01:42:25 PM
 #38

any currency today is the result of supply and demand, just many have reached such a large volume that they are difficult to move off course. therefore, it seems such a currency is stable.

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September 01, 2018, 01:45:53 PM
 #39

Most stable coins have a variable demand as is the case with coins like Tether. The price can fluctuate in times of high or low demand but a very small amount because people know they're losing out if they trade in such times.

In your example the expectation for the fall in the crypto market would have to exceed the loss they'll get for buying the stable coin at a higher price or selling it at a lower dollar price.

I think there would be a possible scarcity of that coin. In my own perspective, Bitcoin were very effective nowadays since tge price were fluctuating everytime a possible growth of demand comes in our way and we should value that kind of system, if Bitcoin was fixed into certain amount, I think it was non-existant these days.

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September 03, 2018, 09:34:30 AM
 #40

Most stable coins have a variable demand as is the case with coins like Tether. The price can fluctuate in times of high or low demand but a very small amount because people know they're losing out if they trade in such times.

In your example the expectation for the fall in the crypto market would have to exceed the loss they'll get for buying the stable coin at a higher price or selling it at a lower dollar price.
This is very far from the nature of bitcoin and the nature of the crypto currency, but if we want to just dream a little about a high demand with values ​​that can only be said to be straightforward, then bitcoin will have less popularity, because what? investors expect a higher price, because the increase will not occur, investors will look for other alternatives to become investment assets

Grin apparently, he does not have a single clue what a stable coin is in the first place. It is normal for demand of a stable coin to rise, but since it is regulated and tied with something, the supply is usually not capped. USDT presently, ends up minting more of it once in a while to be able to meet up with the demand and be able to control its price tag to $1 as the case may be. There could still be some little movement, but all the same, it is never some serious one worth selling at high price like jhony said.
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