Stable Coins Necessary?

[Impaler]

I think stable coins are very much important in this market. This market is highly volatile and and not too much stable. That's why we need some coins which price doesn't tractate to much and I think  this is the main reasons. And stable coins are more secure
and most of the times they are pegged with fiat or physical asset.

[Goodvalony]

it is the only means of staying up in this horrible financial market.  how would you feel when you invest a 1000 usd in a crypto, then goes to bed. only to wake up and to see your investment plummet down to 100usd. quite horrible. nobody wanted such market. stability is needed and that was why the stablecoins were introduced.

[hellyah070]

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 think it is necessary if we limit the number of stable coin into one crypto only, so that people will be organized when it comes to market downfall, we can trade and sell our cryptos to stable coins. But if there is too much stable coins, still the volume of our money is diverse.

[xuan87]

It is useful, it could become the choice when we are facing the bear market,and stable coin could be option to become currency to buy something, stable coin is more suitable to become currency rather than trading token, but to make stable coin works it will need more adoption since it is not profitable as trading token

[Gabali126]

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 would have expected everyone and the general crypto market to adopt USDT as the only stable coin. I don't see any need for all the other ones that were later created.

[travwill]

I think stable coins are very much important in this market. This market is highly volatile and and not too much stable. That's why we need some coins which price doesn't tractate to much and I think  this is the main reasons. And stable coins are more secure
and most of the times they are pegged with fiat or physical asset.

You're right. First of all, the stable coin is important for investors, as an emergency exit at times of market destabilization. You can not rely on one project in the case of Altcoins and Stable Coins.

[kemetz]

there is no need to have too many stable coins because they will not be able to provide greater profits in the future because we invest, the goal is to be able to benefit and also gain knowledge about technology, trade and other things from crypto.
just save the max two coins are stable in your portfolio because there are still many coins that have a faster upward movement when there is growth in the market rather than stable coins whose movements are quite slow.

[Bangjull]

If I think altcoin needs a stable one because it can get me, but if altcoin is not stable it is very bad for me it's better to stabilize but requires an increase from day to day like tokens so hard if I want to trust them because it's not too sure

[MonaLeeTracy]

Stable coins are scams,you are going to lose money by trusting that they are stable cojns because literally they are not stable coins they were just backed by nothing.

yes sometimes fraud gives an attractive lure. but I will think twice again. because until now I'm here. of course I have never seen the name of the coin price stable. because most coins move. sometimes it goes up and sometimes it goes down and that's certain.

[pieppiep]

Stable coins are scams,you are going to lose money by trusting that they are stable cojns because literally they are not stable coins they were just backed by nothing.

yes sometimes fraud gives an attractive lure. but I will think twice again. because until now I'm here. of course I have never seen the name of the coin price stable. because most coins move. sometimes it goes up and sometimes it goes down and that's certain.

indeed cryptocurrency price movements will never be stable because cryptocurrency price movements follow how buyers and sellers interact in the exchange so that the price will never be stable.

[sctunter]

stable coin also give you low profit
but that good enough when you wanna do long or middle term hodl
ur asset is safe there

[nwosuchristabe2]

Stable coin is a very good tool to bring investors into the cryptocurrency space. One of the major reasons why people are scared of investing in cryptocurrency is due to the volatility of the market, with stablecoin there will be no fear of loosing fund.

[Yahiris]

stable coin also give you low profit
but that good enough when you wanna do long or middle term hodl
ur asset is safe there

But the risk is much less than in a regular volatile coin. I think a lot of people would agree to invest in such a coin to get a stable income

[CoinEraser]

Stable coin is a very good tool to bring investors into the cryptocurrency space. One of the major reasons why people are scared of investing in cryptocurrency is due to the volatility of the market, with stablecoin there will be no fear of loosing fund.

The advantage of stable coins is obvious, but I would still be careful with stable coins. With some stable coins you unfortunately don't know if the coins are really covered with fiat money or not. Since this is really unclear with some stable coins, I would not use stable coins to store for a long time money. 

[Sephire]

Tether has always been controversial so it is good to see more choices in stable coins. However, some of these new stable coins may be no better than Tether so do not leave too many funds in any stable coins for too long. Safer to use BTC or ETH to keep trading funds.

[LUCKMCFLY]

Stable coin is a very good tool to bring investors into the cryptocurrency space. One of the major reasons why people are scared of investing in cryptocurrency is due to the volatility of the market, with stablecoin there will be no fear of loosing fund.

The advantage of stable coins is obvious, but I would still be careful with stable coins. With some stable coins you unfortunately don't know if the coins are really covered with fiat money or not. Since this is really unclear with some stable coins, I would not use stable coins to store for a long time money. 

This is very true, although I the only stable currency that I use is the tether, it gives me some confidence, what happens is that it is difficult to determine which is the best stable currency, but when I feel that Bitcoin will go down in price, I pass everything to tether, and it's a way to protect myself from the fall.

A few months ago tether suffered a fall, but as days started to recover, when I reviewed the volume of transactions it is because an operator withdrew tether to buy Bitcoin. That's why I believe in my personal opinion that Tether is the most reliable because of my experience.

[Sanford]

Stable coins are also very important for ekonosike. I think experienced traders have already learned how to use project benefits. Well. Even if stable coins take it everywhere, it will advance the cryptocurrency to the masses.

[timmmers]

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?

People find out that stable coins could be a great way how to stay in crypto but survive the time of crysis.

But, some of them are not audited, sou I would not say that they are stable or safe  .

[yakushev]

Stable coins are also very important for ekonosike. I think experienced traders have already learned how to use project benefits. Well. Even if stable coins take it everywhere, it will advance the cryptocurrency to the masses.

Stable coins constantly help out investors and not only the most experienced, but also such coins can attract the attention of those people who want to save their money during a crisis or anything else threatening their well-being

[melomanskiy]

I think so many stable Coins do not need people. Just the developers of such projects collect good money from us, because their coin is easier to popularize than other altcoins.