Stable Coins Necessary?

[mjsuar]

Week 5 (05/11-11/11)

Twitter Profile Link = https://twitter.com/MujizatSuar

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4.https://twitter.com/MujizatSuar/status/1060592099786076160
5.https://twitter.com/PetlifeICO/status/1060925760960110592


Week 5 (05/11-11/11)

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[CryptoGuro1]

There is a huge requirement for stable coins. Most investors don't want a currency which is worth 1 dollar one moment and 50 cents the next. Currency cannot operate under such fluctuations

[leviathon]

Currently seems every project or crypto company wanna create a stable coin now, except USDT, currently we have GUSD, TUSD, PAX.

But do you think it's really necessary to have so many stable coins?

I do not see why they are necessary, it is not like you can actually make any money from investing in stable coins, they just stay where they are which kind of defeats the purpose of me becoming a crypto investor. I want to make money and it is with volatility that I can make that money and besides the stable coins are not really stable if their prices keep fluctuating`

[biletskiy]

Currently seems every project or crypto company wanna create a stable coin now, except USDT, currently we have GUSD, TUSD, PAX.

But do you think it's really necessary to have so many stable coins?

Investing in coins that are in the top-10 is one of my main rules. I think that stability is a very important characteristic of doing business. That's pity but there are lack of stable coins on the market now.

[JMD07]

Currently seems every project or crypto company wanna create a stable coin now, except USDT, currently we have GUSD, TUSD, PAX.

But do you think it's really necessary to have so many stable coins?

We need stable coins to hide our funds when the market is bleeding as those will not dumps easily. Although those stable coins are still altcoins as we can't directly convert them into fiat.

[chenczane]

I don't think there are stable coins as of the moment. Majority of them are going down and only a few goes up. What I can only see is that bitcoin are the only one that has a stable price for a couple of months but it was also down now. We don't have anything but red labels on the market. Hopefully, the big investors will do something about it because they will also lose money if the price drop continues.

[Bitkoplak]

I hold not so much coin, I always see the volume in the exchange, if the volume is large every day, I hold it up

[lapyshka]

I like stable coins. They will help protect my investment during downward trends. But who saw a truly stable coin

[farlack]

I don't think there are stable coins as of the moment. Majority of them are going down and only a few goes up. What I can only see is that bitcoin are the only one that has a stable price for a couple of months but it was also down now. We don't have anything but red labels on the market. Hopefully, the big investors will do something about it because they will also lose money if the price drop continues.

Everyone is waiting for large investors. Didn't you think they were already in the game with us? Look at any graph of the coins and their volume, impressive is not it?

[profitgenerator212]

I don't think there are stable coins as of the moment. Majority of them are going down and only a few goes up. What I can only see is that bitcoin are the only one that has a stable price for a couple of months but it was also down now. We don't have anything but red labels on the market. Hopefully, the big investors will do something about it because they will also lose money if the price drop continues.

Stablecoin is always stable with market up or down, its price is difficult to change because its nature is a stable crypto, This is where we can all go if bitcoin and altcoin are falling

[xuv500]

Price manipulation is a big drawback of this crypto market, this is what it happened now I am sure it will recover very soon. There is lot of prediction on December 12 as the value will go higher. Lets hold the coins for a good cause.

[Gilliffyn]

Well, I think there should be competitors to the coin , so that if you don't like it you can go to another coin at usdt certainly has a competitor recently entered the market usdc

[Anna Borisovna]

I think that one stable coin is enough to take it as an equivalent to other coins
and most likely with time and in competition - will remain one, and the rest will disappear as unnecessary

[jamesuk34]

I think that one stable coin is enough to take it as an equivalent to other coins
and most likely with time and in competition - will remain one, and the rest will disappear as unnecessary

Completely agree with you. World needs one stablecoin per financial asset. Now everyone is focused on USD market - there are over 10 USD stablecoins or more, from which only a few can be trusted. In terms of other currencies, t for euro stablecoin market here is only one viable project - EURS from STASIS. Do you know any other euro stablecoins? What do you think about EURS?

[tamango]

I think that all stablecoins are quite useless and not so safe as they declare.. no one is sure that these coins are really pegged to something with real deposits of $ in some banks.... I still prefer to buy $ when I need $....

[tuanytcc]

Currently seems every project or crypto company wanna create a stable coin now, except USDT, currently we have GUSD, TUSD, PAX.

But do you think it's really necessary to have so many stable coins?

Stable coin is very necessary for market and I think that should have more stable coins anymore to investors who have more choices and capitalization is allocated more evenly, but not only focus on only one coins like USDT

[kidbounty]

now it seems no longer needed. there are already a lot of stable coins on the market today, if a coin seems too much it will only make the market less good.

for me it's better to have stable coins, only one or two. if too much is worried it will only make the coin unstable.

[unbotak]

In my opinion, stable coins are indeed needed to maintain assets, but I don't think it's good if there are too many stable coins because they can weaken the market because transactions will decrease if many people keep their assets in stable coins.
I think just two stable coins are enough.

[ramahero01]

I think the stable coins that are there now are enough and in my opinion, there is no need for new stable coins. because the current stable coin is enough to secure investors' funds.

[george_hured]

I think this is wonderful and in some places it is just a magic tool for fixing trading operations and fluctuations in the market. You understand that in general it is just a lifeline. But what is the use of this for developers?