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Author Topic: DO WE REALLY NEED MORE STABLE COINS?  (Read 17297 times)
auntyjmary
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March 24, 2019, 12:14:50 PM
 #1

Some friends of mine always lament  that 'we  need more stable coins in the cryptosphere' and I think that is highly achievable looking at the promising prospects that has been achieved by tether. It seems some upcoming projects are also promising to introduce stable coins. Is it possible to have more stable coins on the crypto market? What would really happen if we get more stable coins on the crypto market, would the volatility reduce?
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March 24, 2019, 01:44:30 PM
 #2

Some friends of mine always lament  that 'we  need more stable coins in the cryptosphere' and I think that is highly achievable looking at the promising prospects that has been achieved by tether. It seems some upcoming projects are also promising to introduce stable coins. Is it possible to have more stable coins on the crypto market? What would really happen if we get more stable coins on the crypto market, would the volatility reduce?

why do we need more stable coin? at the first place cryptocurrency known because of its volatility. most of the investor invest because of it.

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March 24, 2019, 02:01:52 PM
 #3

I think it is enough that market has already. New stable coins do not offer anything fundamentally new, just drag off a piece of blanket...
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March 24, 2019, 02:33:14 PM
 #4

imho stabels coins needs for pumps. Compaines create stable shit, sell bitcoins and other crypto in pair with stable coin(or maybe they have enough stabels at start). After that they can pump any crypto Smiley
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March 24, 2019, 02:40:03 PM
 #5

Some friends of mine always lament  that 'we  need more stable coins in the cryptosphere' and I think that is highly achievable looking at the promising prospects that has been achieved by tether. It seems some upcoming projects are also promising to introduce stable coins. Is it possible to have more stable coins on the crypto market? What would really happen if we get more stable coins on the crypto market, would the volatility reduce?
Have you seen all of the flaws in tether?
Have you seen the latest announcement that already created by tether company? it looks very interesting thing for watch dude. I suggest you read it and see how the stable coin can be manipulated so easily.






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March 24, 2019, 02:42:31 PM
 #6

Some friends of mine always lament  that 'we  need more stable coins in the cryptosphere' and I think that is highly achievable looking at the promising prospects that has been achieved by tether. It seems some upcoming projects are also promising to introduce stable coins. Is it possible to have more stable coins on the crypto market? What would really happen if we get more stable coins on the crypto market, would the volatility reduce?

why do we need more stable coin? at the first place cryptocurrency known because of its volatility. most of the investor invest because of it.
Once we have more stable coin in the cryptocurrency I think it can help to increase the value  of the cryptocoins.
Maybe for the othee people having new stable coins is not good but it is really better if we have that.

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March 25, 2019, 12:56:28 AM
 #7

Some friends of mine always lament  that 'we  need more stable coins in the cryptosphere' and I think that is highly achievable looking at the promising prospects that has been achieved by tether. It seems some upcoming projects are also promising to introduce stable coins. Is it possible to have more stable coins on the crypto market? What would really happen if we get more stable coins on the crypto market, would the volatility reduce?
As there are no regulations on this subject, there is nothing we can do about it. Actually, there is noone to force you to use any of this. You just pick which you want. There are already dozens of money for each activity. lol

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March 26, 2019, 01:11:50 AM
 #8

this is a dilemma because we need coins that are always volatile so that our investments bring profit. but on the other hand, stable coins are needed to make crypto an effective means of payment and avoid extreme price reductions. in your opinion, which should be a priority?

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March 26, 2019, 01:34:43 AM
 #9

Some friends of mine always lament  that 'we  need more stable coins in the cryptosphere' and I think that is highly achievable looking at the promising prospects that has been achieved by tether. It seems some upcoming projects are also promising to introduce stable coins. Is it possible to have more stable coins on the crypto market? What would really happen if we get more stable coins on the crypto market, would the volatility reduce?
No, I don't think we need more stable coins. Almost every stablecoins out there have the same purpose. I really don't like the trend today that companies keeps on creating more and more stablecoins which is not good in the crypto space.

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March 26, 2019, 01:49:28 AM
 #10

i think it depends on everyone's interests,
but i am not very interested in stable coins. some people prefer the presence of volatility including me. it is indeed risky but it is more profitable, if we are in the right decision.

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March 26, 2019, 02:00:50 AM
 #11

We actually do not need a lot of them. I do not understand why several stablecoins are created one after another. For me, it is actually more than anough to have a couple of reliable and really fiat-backed stablecoins where we could possibly park our crypto ownings whenever we need them. However, perhaps a lot of people need them for money remittances especially from one far country to another. And that is also perhaps why some banks are now creating their own stablecoins.





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March 26, 2019, 02:03:06 AM
 #12

It will be just another number of coin in the market.
What we have now is too much or enough, stable coin are meant to be there just for the stop over of the people.
yeah, this stable coins are the choice to have if we are seeing that the market is incliding and we have no cryptocurrency to chose.

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March 26, 2019, 02:16:30 AM
 #13

Some friends of mine always lament  that 'we  need more stable coins in the cryptosphere' and I think that is highly achievable looking at the promising prospects that has been achieved by tether. It seems some upcoming projects are also promising to introduce stable coins. Is it possible to have more stable coins on the crypto market? What would really happen if we get more stable coins on the crypto market, would the volatility reduce?

as i understand, tether is a stable coin maintained by binance exchange.  it's natural that other groups would also want to introduce their own stable coins.  this is much like fiat currency where each country introduces its own currency.  this is to have more control on the currency if you own them.  i can see that this is going to be a trend that we will have different stable coins in the future, not only tether.
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March 26, 2019, 02:35:03 AM
 #14

I think there are enough stable coins for now, and who want to keep money there or to buy bitcoin when the price goes down, but maybe in future will be created more stable coins.
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March 26, 2019, 02:41:07 AM
 #15

I think if that stable coin has fully regulation and auditable, so more stable coin is good for this crypto market because the benefits not only to use for trading but also can be to use for daily transaction to buy good and service because not all crypto holder like to buy crypto because the fluctuacion too high so stable coin will help to avoid high volatility and crypto adoption will more exist.

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March 26, 2019, 02:43:11 AM
 #16

Not the stability of the coin needed, the price of one of the most prominent coins in the main market, whether the coin is listed or how investors glance at the coin, this is the problem,
for now I think coins are stable on the market, of course, according to the development of cheap or expensive markets. But for now it's cheap and stable.
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March 26, 2019, 04:03:12 AM
 #17

we don't need more stable coins we can not earn from it, traders can make money because of volatility of cryptos, we don't need more of that tether is enough.

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March 26, 2019, 04:07:31 AM
 #18

Corporate networks that fear of the technology might come forward creating their own stable coins. The present market has got more than enough stablecoins that meet the needs of the cryptocurrency users. Few of which were the USDT, TRUEUSD, Paxos, StableUSD and this goes on.

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Pffrt
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March 26, 2019, 04:16:03 AM
 #19

why do we need more stable coin? at the first place cryptocurrency known because of its volatility. most of the investor invest because of it.
For a trader, stable coin is much needed because after all, profit is the only thing which is considered by a trader. Imagine, I have bought 1 BTC @$4k and current price is @$10k. I have $6k profit if I sell instantly but since BTC is highly volatile and not every country has btc/fiat optio,, we can alternately use stable coin to keep the profit. That's why stable coin is required but I think we have enough stable coin in the market and we don't need further.

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april08
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March 26, 2019, 04:21:40 AM
 #20

For the industry to grow more, we really need more stable coins. Trust is necessary in business. Stability of more coins will boost the morale of the investors.
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