The rise and fall of stablecoins

[lobanoval]

In this bear market, stablecoins have been on fire. With the recent news of basis going down, what does everyone think of stablecoins? Curious as to what you guys think about Ampleforth (aka Fragments aka Basis's competitor) and their model too.

I'm pretty bullish on stablecoins in general 

[1715668172]

1715668172

[1715668172]

1715668172

[1715668172]

1715668172

[1715668172]

1715668172

[1715668172]

1715668172

[bonyaserg]

Traders panic and make rash decisions
But this usually does not end there. I suppose when the rate drops to the right price, the manipulators buy large amounts of crypt and push it up again. Inexperienced emotion traders try to regain initial losses in the second wave of growth, and eventually lose even more. The second wave in its dynamics is usually even more active and durable than the first. Using panic in the market, pampers force hamsters to buy a crypt at the peak of its value, and then sell at a low price when they fear even greater drawdown of the course. This is an interesting operation conducted by traders.

[lobanoval]

Traders panic and make rash decisions
But this usually does not end there. I suppose when the rate drops to the right price, the manipulators buy large amounts of crypt and push it up again. Inexperienced emotion traders try to regain initial losses in the second wave of growth, and eventually lose even more. The second wave in its dynamics is usually even more active and durable than the first. Using panic in the market, pampers force hamsters to buy a crypt at the peak of its value, and then sell at a low price when they fear even greater drawdown of the course. This is an interesting operation conducted by traders.

And that's exactly what's going but one thing traders forget is that stablecoins can be great for them (especially ampleforth in this case)

[Rob768]

I think that stablecoins have a big potential. Many famous exchanges announces creating their stablecoins, like TUSD or GUSD. I think that whales have been waiting this for a long time.

[JimmyNg90]

I don't think stablecoins are born to invest. Instead of investing in stablecoins, why don't you keep your money in pocket? Because stablecoins are not almost stable as we know. Do you remember Tether last month?

[IlVeroNico]

How can you be bullish on stable coins if their only purpose is to be stable?

They just need to be reliable, that's all

[batang_bitcoin]

I'm pretty bullish on stablecoins in general 

Bullish on stable coins?

It's price remains $1 or if it fluctuates its around $0.99. Are you serious or trolling?

[Thomas-s]

I think that stablecoins have a big potential. Many famous exchanges announces creating their stablecoins, like TUSD or GUSD. I think that whales have been waiting this for a long time.

I think that whales are not interested in stable coins at all. whales are only interested in bitcoin and they want to take as much bitcoin as possible.

[MetalGear]

I think that stablecoins have a big potential. Many famous exchanges announces creating their stablecoins, like TUSD or GUSD. I think that whales have been waiting this for a long time.

It seems that falling price of solid coins turn the stable coins to have better future and have great potential. There many stable coins that really have potential and I guess its worth to invest in stable coins than to the unstable coins because I guess in stable coin you can control your losses.

[Astermony]

I think that stablecoins have a big potential. Many famous exchanges announces creating their stablecoins, like TUSD or GUSD. I think that whales have been waiting this for a long time.

It seems that falling price of solid coins turn the stable coins to have better future and have great potential. There many stable coins that really have potential and I guess its worth to invest in stable coins than to the unstable coins because I guess in stable coin you can control your losses.

When we say stable coin like USDT, it is not worth for investing because it is promptly a stable value of a dollar only, it is just like your money in the pocket not gaining any profit on it.

[Perfect35]

The best coin in is not even stable.
Ever since i have been in the crypto space, i have not seen any real cryptocurrency that is stable. Even the so called coins that are called stable coins, such as tether was seen to have dropped in price at some point when it was announced that its scam. As for the coin you made mention of, i would like to see it and and then confirm if truly it is stable on not.

[MZ4]

Stablecoins have great potential in my view. Also a stable coin is a necessity to see mass adoption in an everyday cryptocurrency, used as a transaction medium. Also a stablecoin that evolves and is linked with multiple assets, has the potential to replace gold. The use of a stablecoin is not to stay always at certain price. The tricky part is how to preserve your wealth, and there things can be really tricky...

[Meggie Diaz]

When we say stable coin like USDT, it is not worth for investing because it is promptly a stable value of a dollar only, it is just like your money in the pocket not gaining any profit on it.

If like that, I think that stablecoin is very suitable to be used as an alternative method to avoid market volatility.
But sometimes the price of stable coins doesn't always follow the USD because this coin is not regulated, so I still doubt.

[ganegani91]

stable coins have better potential to be used as long-term investments, even though price changes are not too significant, stabelcoin can play more safely on the market

[Endikadija]

I think that stablecoins have a big potential. Many famous exchanges announces creating their stablecoins, like TUSD or GUSD. I think that whales have been waiting this for a long time.

It seems that falling price of solid coins turn the stable coins to have better future and have great potential. There many stable coins that really have potential and I guess its worth to invest in stable coins than to the unstable coins because I guess in stable coin you can control your losses.

When we say stable coin like USDT, it is not worth for investing because it is promptly a stable value of a dollar only, it is just like your money in the pocket not gaining any profit on it.

We are not talking about invest in USDT, fiat is more preferable than it but it has used to secure our profit dude. Didn't you know about that? Crypto pegged with USD is not created for investment purpose but to provide the best way to secure the speculator's profit.

[jjbanks994]

I think we need to shift how we think about stablecoins. Unlike traditional crypto where we are investing in hopes of gains, stablecoins like ampelforth are for everyday use. Not an investment, but for use.

For ampleforth, they are a solid project and I see a huge need for them especially if we have another recession

[chakhigh]

Yes, stablecoins are here for a reason. When there is a huge volatility issue in crypto price, I see it is very useful for us as investors to secure our position, especially when backing the crypto-assets value precious metals like Gold. This will help to make it more stable.. In Gigzi project, this is very doable with a treasury/vault where precious metals are saved and equivalent to the Gigzi "tokenized precious metals".. So I see a long term stability with the Gigzi project..

[cryptomaster420]

Even if you believe the tether FUD, there's plenty of proven stablecoins on the market with wide exchange support.
They've been the best thing about this bear market - the ability to store your wealth in crypto.
Besides, nothing beats sending stablecoins as remittance - instead of western union.

[sockpuppet1911]

I wonder how many of these new stablecoins that have been popping up lately are actual scams.

[hell_slayer]

It's hard for me to understand why there are so many stablecoins in the market. Especially now, when the scam threat of usdt has passed. On the other hand, healthy competition always benefits the market, the main thing is that they do not turn out to be scammers, because this could collapse the market.