Stablecoins are the new money, is this true?

[zhekinsp]

Stable coins were created with the intention of invading the crypto currencies under their control so people who get attracted by the value might suffers later so don't support the coin if it is centralized no matter of what their prices are.

[indoagung88]

I'm not interested at this time with stablecoins, even I don't understand how to invest in it. Is there art seen in price movements? We know that cryptocurrency is synonymous with flutation, so what does that mean?

[Galantin]

I think this is not true. Because the wrong management of the project destroys the coin. Not one stable coin will not work if used improperly. I do not think that stable coins are the key to success.

[tyz]

Stable coins are contrary to what the original idea of cryptocurrencies was. Cryptocurrencies like Bitcoin should be a counterpart to the fiat money of states and banks. Stable coins are in most cases tied to fiat money. For a stable coin token a USD is deposited (sometime also resources like crude oil or gold). That's why a stable coin loses value through inflation like fiat money and is based on its underlying value. In addition, one must trust the authority that holds the USD/Gold/crude oil in return, usually a bank aga or a centralized organisation in.

[atjiat]

Stable coins are contrary to what the original idea of cryptocurrencies was. Cryptocurrencies like Bitcoin should be a counterpart to the fiat money of states and banks. Stable coins are in most cases tied to fiat money. For a stable coin token a USD is deposited (sometime also resources like crude oil or gold). That's why a stable coin loses value through inflation like fiat money and is based on its underlying value. In addition, one must trust the authority that holds the USD/Gold/crude oil in return, usually a bank aga or a centralized organisation in.

The fact is that today the more stable the coins greatly helped cryptocurrency users to avoid big losses. When certain projects fell, for example, funds were transferred to USDT and thus the amount of funds was stalled at the same level and did not fall further.

[capableuwa1]

A new report by cryptocurrency and blockchain advisor, George Samman, titled ‘The State of Stablecoins 2019,’ details the history of money and makes an argument for why stablecoins represent the natural evolution of where money will head next.

Here is the link to the article: https://bravenewcoin.com/insights/new-report-says-stablecoins-may-become-the-new-money


Are any of you invested in the projects mentioned in the article? I am pretty interested in Maker and Ampleforth tbh

When you ask real world merchants and consumers what deters them from paying with crypto, then volatility is the #1 issue, #2 is buyer-seller protection and #3 is complexity.
When you consider payments on mass scale, it is clear that merchants won’t accept a coin that can decrease in value and consumers won’t pay with a coin that may appreciate in value. It also keeps the enterprises and big merchants out as they don’t want to amplify business risks. It was clear that a price stable coin would be highly necessary.

[CryptoKush]

I think that stablecoins have not yet proved that they can exist for many years. I think this is a big question, what can be with some stablecoins in the future. Will they survive in 10 years?

[BADBITCH]

Stable coins are indeed good, but no need to worry about it why ?
All you have to do is focus on your portfolio

Monitoring stable coin would mean you have a lot of capital

[Juniness]

A new report by cryptocurrency and blockchain advisor, George Samman, titled ‘The State of Stablecoins 2019,’ details the history of money and makes an argument for why stablecoins represent the natural evolution of where money will head next.

Here is the link to the article: https://bravenewcoin.com/insights/new-report-says-stablecoins-may-become-the-new-money


Are any of you invested in the projects mentioned in the article? I am pretty interested in Maker and Ampleforth tbh

No, I do not invest in such coins , and for me they are not very suitable for investment, for me more like altcoins they can earn a lot more in cryptocurrency!

[mv1986]

Stable coins are contrary to what the original idea of cryptocurrencies was. Cryptocurrencies like Bitcoin should be a counterpart to the fiat money of states and banks. Stable coins are in most cases tied to fiat money. For a stable coin token a USD is deposited (sometime also resources like crude oil or gold). That's why a stable coin loses value through inflation like fiat money and is based on its underlying value. In addition, one must trust the authority that holds the USD/Gold/crude oil in return, usually a bank aga or a centralized organisation in.

This is all correct, but a stable digital currency is needed for a possible transition into the digital money or crypto economy.

[invincible49]

A stablecoin is good for payments, a cryptocurrency is good for trading! You don’t make money on the stablecoin if you are holding it but you can make profit off of Bitcoins, Ethereum etc. But stablecoins can be the new safety net until US Dollar dies (!) as last resort! Russia, China, Turkey etc. are allegedly trying to ditch US Dollar and go for alternative currency. Some say they might start using cryptocurrency for their internal trades. It's all mere speculation but seeing all those new stablecoin projects keeps coming up these days, I think something like this may actually happen.

[Eildosa]

That some of the coins show the stability still about what does not speak. The cryptocurrency market is still full of risks. The price of many coins continues to be volatile and it will be better substituted when the market rises.

[romaleshc]

At recent time, a lot of stable coins releases when the cryptocurrency market is stable. I think that durable coins are not suitable for cryptos market because of if the market has more stable coins. It was not able to grow up and go to the moon. I think USDT is an only stable coin and enough for this market.

[pixie85]

Stablecoins are there to act like a bridge between fiat and crypto and give people something to which they can jump when crypto markets tank. They have many flaws because they are centralized coins owned by companies that are supposed to have enough fiat to cover the total value of the stablecoin.

Why would someone invest in this when you can have your stable fiat money or you can have your unstable crypto with high potential profit. Stablecoins offer no profit and much less security than fiat.

[Sephire]

Stablecoins are there to act like a bridge between fiat and crypto and give people something to which they can jump when crypto markets tank. They have many flaws because they are centralized coins owned by companies that are supposed to have enough fiat to cover the total value of the stablecoin.

Why would someone invest in this when you can have your stable fiat money or you can have your unstable crypto with high potential profit. Stablecoins offer no profit and much less security than fiat.

Agree completely with this. The main purpose of stablecoins is to hold the cash from trades and avoiding  taxable capital gains that using fiat instead will entail. These are riskier than fiat.  Safer to hold your long term exchange funds in BTC or ET and only risk small amounts in any stablecoins.

[Dragonrage201]

Stablecoins are just for temporarily holding your funds and you cannot make profits from those like cryptos. Some like Tether have been controversial in the past and it is hard to trust all of these stablecoins.

[Lalafell]

Stable coins are now good simply because of the market. Many investors already buy stable coins. But, still I will not invest in stable coins and we do not know if the stable coins will live for the next few years unlike unstable coins who have more potential to live more than decades.

[igor.vanyutin.83]

Stable coins are an awesome tool to keep your funds safe, but they are backed by real money and they cannot fully replace them. Such coins as NEO, XLM or LTC have real chances to become a new money.

[Bitvinu12]

In my case of we can't manage any cryptocurrency to owner or other things. Always price changing depend on buyers and sellers. So with this conditions does not any stable coins in cryptocurrency market.also real currencies are changing with their country economical activities. 

[mv1986]

Stable coins are an awesome tool to keep your funds safe, but they are backed by real money and they cannot fully replace them. Such coins as NEO, XLM or LTC have real chances to become a new money.

None of them will become stable over the next couple of years as massive adoption would have to have occurred first before some stability can develop.