The rise and fall of stablecoins

[Grechkatx]

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 

Those stable coins that are now on the market are very popular, but every day the investor is looking for such an asset as a tether, so that there is no influence of bears and volatility.

[oho]

It depends on what stable coins mean! Whales want to take profits for the new year, so we see these growth flashes of many coins, I think everything will decline soon!

[Ucy]

Stablecoins are as stable as their pegged fiat currencies. If the math is correct they should rise or fall in relation to their corresponding fiats.

[Alohadanc3]

Do whatever you do the price of a stable coin is always be like any fiat maybe its USD OR EURO. Yeah for sudden bullish or bearish market sometimes we a little change of stable coin. But that is ignorable. Many stable coin is backed so wherever it goes it will come to its price where it pegged. So don't bullish on stable coin cause it is not planned for investment. Better keep your money in fiat better than investing in stablecoins.

[elcoblast]

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 

Those stable coins that are now on the market are very popular, but every day the investor is looking for such an asset as a tether, so that there is no influence of bears and volatility.

even the price for stablecoin are down, they are backed by FIAT and in little time the price are stable again although bearish attacked again and again stable coin too strong.

and yes stable coin is very populer for now, many corporation trying to create their own stablecoin, and make investor take the chance for making profit from them

[vorobev]

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 

Those stable coins that are now on the market are very popular, but every day the investor is looking for such an asset as a tether, so that there is no influence of bears and volatility.

Yes I agree. Ampleforth proves a great solution for bear markets and volatility. Pretty awesome team and backed by Pantera too.

[gorbabtc]

i am anti fiat coins lol. been rooting for ampleforth (or fragments) since march of this year 

[cryptolidus]

Stable coins are needed because of the huge volatility of the market. They are especially useful during the bear market, when many traders are shorting their coins.
When the market is stable anyway that is not a big benefit of them.

[paisiifokin]

Stable coins are needed because of the huge volatility of the market. They are especially useful during the bear market, when many traders are shorting their coins.
When the market is stable anyway that is not a big benefit of them.

What are your thoughts on Ampleforth's elastic supply model for everyday use? https://www.ampleforth.org/

[dekabrin]

did you guys see this on coindesk?? https://www.coindesk.com/the-true-crypto-alternative-to-government-money

[artamon]

did you guys see this on coindesk?? https://www.coindesk.com/the-true-crypto-alternative-to-government-money

Nice. Thanks for sharing

[eneifed]

I honestly think we need to re-classify stablecoins. there's so many of them and they're all different from each other.

[nemey]

In this kind of bearish market, I don't think that the stable coins also can survive at all. Well, I mean that it is not only about the stable coins. It is about how this market will progress. I really hope that especially the stable coins can survive and then make certain significant progress to up. This has the chance and we need to support them.

[ishirut009]

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 

stable coins are just for locking profits, its our protection to crypto volatility. So they are not a kind of investment because it will always remain 1$, But i am not saying that you cant make money holding it, once it drops about .98$ assume the price will back up to 1$ so you can make less money there.

[djuragan]

Stable coin can be a good choice to hold for a long time, since their price less likely to drop in a significant amount.
What in my mind is if we wish to keep our fund safe, but it doesn't has a big chance of high increase, then stable coin can be choose for it.

[MI6]

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 

Stable coins, at least it wouldn't go down very fast like other coins. That is why it still can be choice to do investment when this bear time come. But, risk is still come to it, risk is always come to everything that we do.

[Driggers95]

You can buy stablecoin and hold when the market collapses. Of course the value of stablecoin is always $ 1 so your money will not be lost, Hold and wait for the purchase of cheap altcoin. That's why people love using stablecoin in the bear market

[Dobby070]

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 

How can stable coins possible go rise and fall? It's quite opposite to happen that the word "stable" is going to fluctuate or change. Well, I guess the market cap is the factor not the market price? I don't know if I am correct.

[pedangrusak]

I am a trader and the role of stable coins is necessary for me to make a change when the price of bitcoin and altcoin falls, I tend to change direction to buy stable coins when that happens and return to selling when the crypto price starts to improve. surviving the changing market conditions is needed to continue to get the profit we get

[Farahtenan]

If the coin goes up and down, this is normal but looks stable, because it's not as sharp as other altcoins.
The development of stable drugs such as fiat and this is very good for long-term investment.