DO WE REALLY NEED MORE STABLE COINS?

[muncuss]

Tether is so flawed but we have another stablecoin which can serve its main purpose. New stablecoin add more variety and advantages

[Grenee]

i really love this question, we all know how market is presently, and how some icos scam people.we really need better coins that will be very better than all the shit coin listed on exchanges.my opinion is before icos we need strong backup to back the project, not just forming some gangs and start advertising what is not it to fellow human being. people are tired of blockchain , complain over complain.we really need stable coin like eth, btc, litecoin,xlm, i think it will add more value to crypto and then give hope for future

[Rapidgator]

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.

Yes, but also we have to remember about some liquidity which is needed in cryptocurrency and which more and more stablecoins can provide for many trading pairs.

[pixie85]

We don't need stable coins at all but if we have 1 we should have more. I know it's a strange explanation but this is the truth.
We don't need them because people should be able to spend fiat not hide behind tokens that are centralized and backed by words. We saw how much these words are worth when usdt said they aren't 100% backed.

We should have more coins to allow the market to weed out liars and scammers. This is impossible without competition.

[powerman24]

If we want mainstream adoption of crypto then we need  stable coins as merchants would more likely to deal with it, rather than with volatile coins. How many of them is optimal the market will decide.

[Airbuxf]

I think there is a place for stable coins too. Many mainstream people still have  some trust to governments and are afraid of crypto,
 this way if they will be forced by situation to use stable coins, 1 or 2% maybe interested in normal cryptos.

[salad daging]

the more coins are stable the crypto value will tend to be the same as the conventional currency, I mean that in the end there will be no coins with expensive prices because when the bearish market people will go to stable coins and the impact of major coins like bitcoin and ethereum will be difficult to recover to high prices again

[Maamejane]

More stable coins at this current dip is needed to bring back people hopes and confidence. It will really tell a lot  and make many aware that the current dip is just a matter of time which will recover at anytime soon.

[cahbagus555]

If we want mainstream adoption of crypto then we need  stable coins as merchants would more likely to deal with it, rather than with volatile coins. How many of them is optimal the market will decide.

I am prefer thinking stable coin is good if we trading in market. Holding stable coin when market drop is an opportunity to accumulating bitcoin or others coin. More stable coin is good i think, because more supply money in market

[jazmuzika217]

No need more stable coins because theres a lot of stable coin in the market all we need is a good project that can run for long term. But personally if we add more stable coin some  investor can go on to cryptoworld because it have a chances tobe stable.

[khufra]

I have a feeling that the reason why BTC and other major altcoins cannot go fully bullrun is because we to have so many altcoins already. BTC needs a very strong buy in order for it to go up.. But how come it will go up if people are dumping or selling bitcoin to buy shitcoins.

[DainSLane]

For me i do not like stable coins i had like the coins is being ups and down in crypto market most of the investors can choose to buy of which coins in dip prices are going to be rising up their prices soon, it is more getting exciting if their is not stable coins.

[binhvo1505]

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?

instability will never stop despite many stablecoins. I think the stablecoins should only stop at 5-10 coins. The developers of stablecoins will all fail because our market is still quite small now. Stablecoin is just a place for investors to avoid the storm of crypto market. so we don't need too much.

[JeffBrad12]

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.

Yes, but also we have to remember about some liquidity which is needed in cryptocurrency and which more and more stablecoins can provide for many trading pairs.

Indeed but those stable coins must be audited to avoid there will be more manipulation like what has already done by tether and its company. Stable looks good as long as it will be backed by real money and it's not only a crap statement created by foundation.

[radjie]

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?

many people benefit from cryptocurrency because price movements always change so fast, even though investing in cryptocurrency has a very large risk but with a decrease and increase in market prices can provide satisfaction to its users. if the coin we choose as an investment asset has a stable value, then chances are we will not benefit from it and the money we invest into it cannot develop its value, or it can be said that it only saves money by exchanging it into coins

[george_hured]

In this there is an extremely competitive need, everything else does not matter as you understand. Therefore, I can say that today as a whole there is no need for this, one that would really be necessary.

[devinks]

For me i do not like stable coins i had like the coins is being ups and down in crypto market most of the investors can choose to buy of which coins in dip prices are going to be rising up their prices soon, it is more getting exciting if their is not stable coins.

it's true because coins are stable it will be difficult for us to get big results and it will be difficult too we get a cheap price, so in my opinion it's better to choose coins that often experience increases and decreases

[hardinero007]

i think there would become a trend for more stable coins in the near future.  as governments explore the possibilities of using crypto and blockchains, they may eventually create their own stable coins which will be pegged to their own national currency.  these stable coins will then be used simultaneously with fiats on 1:1 conversion rate.  imagine having many countries each having their own crypto currency.

[aprilnot]

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?

I don't think we really need it. no one can get profit if the price is stable. it might be suitable for payment but not for investment.

what is needed is a developing coin, it will make the price go up. and maybe this is an irony but volatility is one of the things that makes crypto popular

[Wildwest]

I don't think that will affect the violation, it all depends on the market conditions and the price of bitcoin because bitcoin has an active role in the influence of altcoin