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Author Topic: DO WE REALLY NEED MORE STABLE COINS?  (Read 17236 times)
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March 29, 2019, 11:58:31 AM
 #121

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?

Not. We do not need stable coins, because they all turn out to be not stable, but some kind of shit. They cost exactly a dollar so long as you don’t need it, and as soon as you buy them in order to save your money, they immediately begin to fall in price. I already got into this situation, so I do not believe them.

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March 29, 2019, 12:04:44 PM
 #122

if the coin is stable I don't think but what I need is a stable market because if the coin is stable it will make it difficult for us to get the price of a coin at a low price and also difficult we get a big profit if the coin is always stable
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March 29, 2019, 12:07:00 PM
 #123

I think the purpose of stable coin is mainly for hedging purpose
Do we need more? No
But we do need a more transparent stable coin with great policies to protect investors

Is USDT good? imo no, from most of the news i read, seems like their coin is not backed by enough of real USD
One of the good stablecoin i seen recently shall be TrueUSD
It seems to offer more transparency

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March 29, 2019, 12:42:18 PM
 #124

i dont think so. stability is not a feature of crypto market. if someone needs stable currency, he can buy gold or keep usd. but in crypto volatility is so high that is why many people invest in crypto market.


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March 29, 2019, 12:43:52 PM
 #125

i dont think so. stability is not a feature of crypto market. if someone needs stable currency, he can buy gold or keep usd. but in crypto volatility is so high that is why many people invest in crypto market.
Your statement is exactly why stablecoin exist its main function is to provide you a digital version of USD or GOLD because USD and GOLD are not digital things so exchanging from crypto to USD or GOLD will be a pain in the ass.
Stablecoin exist to fill that gap and they seem to be really succesfull at that.

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March 29, 2019, 12:49:47 PM
 #126

I think that the phrase “the more the better” is not applicable , when talking about the stablecoins. The market would have had one or two 100% reliable coins. The main thing is that the coin is stable, and does not fluctuate in price by 10-20% as it sometimes happens with the usdt.
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March 29, 2019, 01:05:43 PM
 #127

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 think there will be no more stablecoin in the market. This is a general model and it should only have 1-3 such businesses. Our market does not have much demand for holding a variety of stablecoins because it is not profitable for them.

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March 29, 2019, 01:23:42 PM
 #128

It seems to me that if all the coins are stable, there will be no interest in investing in them. And now it’s interesting because any coin can now jump to the skies.

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March 29, 2019, 01:24:31 PM
 #129

if for now I think if you want to have a stable coin for the price it is very difficult especially with the low market conditions like this really sad, of course, can only wait for the market to return to normal so that the coin will also have a favorable price, maybe now for coins that we have held can only be saved first until the price is truly profitable.

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March 29, 2019, 01:34:13 PM
 #130

I do not think that stable coins are the future of cryptocurrencies. Otherwise, the crypto market will not differ from the Forex market. All the same, cryptocurrency is a wild volatility, risk, and crazy profit. That's why people come here. That is why, for example, I now invest all my money in Sound Money Coin.
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March 30, 2019, 10:38:09 PM
 #131

We already have enough stable coins in the market, except hat the ones available at the moment are not effective enough, not serving the purpose for which they were released or that any of them is seen as scam. Then if there is any that will be added, it should be more effective than the ones already in the market.
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March 30, 2019, 11:10:06 PM
 #132

The current amount of these coins is already saturated, but acceptable.
If they continue in this rate of emission there won't be much for this here to become stock market or even forex.
This situation is a group of people who have an interest in deceiving people and getting the best projects at minimum prices.
Of course it's just my opinion, but I don't know it's hard to imagine anything other than this conspiracy to get good cheap cryptocurrencies. Undecided
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March 30, 2019, 11:18:48 PM
 #133

I think we're moving in that direction. The appearance in the future of a large number of stable coins it is what awaits us. But it's good or bad for you to decide.

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March 30, 2019, 11:33:07 PM
 #134

I think we're moving in that direction. The appearance in the future of a large number of stable coins it is what awaits us. But it's good or bad for you to decide.
A stable coin is a coin that is sought after by many people, because stable coins in the future will help you make a profit.
so in a market like this, many people are looking for stable coins. but it also depends on each person's taste, and which one you think is a good coin that can be profitable.

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March 30, 2019, 11:37:45 PM
 #135

If we talk about the fact that crypto in the future should be used to pay for various goods and services, in this case, stability is indispensable. I think that to fully stabilize crypto does not work, then some steel coins will still be.
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March 30, 2019, 11:56:58 PM
Last edit: March 31, 2019, 12:30:21 AM by mcTether
 #136

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?
We shouldn't have too many. Maybe one or two will be just fine. The top stable coin should be generally adopted while the rest should be discontinued.

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March 30, 2019, 11:57:48 PM
 #137

I think we're moving in that direction. The appearance in the future of a large number of stable coins it is what awaits us. But it's good or bad for you to decide.
A stable coin is a coin that is sought after by many people, because stable coins in the future will help you make a profit.
so in a market like this, many people are looking for stable coins. but it also depends on each person's taste, and which one you think is a good coin that can be profitable.
This is the reason why investors should be more wise in choosing potential coins to invest because these will give them good profits once the market will become stable or a bull run will occur. But if an investors have invested in a wrong coin, or a shitcoin, they might only end up losing their capital because the coins have become valueless in the future.




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March 31, 2019, 02:36:11 AM
 #138

I think we're moving in that direction. The appearance in the future of a large number of stable coins it is what awaits us. But it's good or bad for you to decide.
yeah, it depends on each choice.
but i do not like stable coins, because in my opinion the coins will not provide much profit. indeed it's good enough to avoid the risk of losing money, but it's also not very profitable.

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March 31, 2019, 02:42:43 AM
 #139

For me, more coins mean a more stable market place for crypto. This doesn't mean that I support crap coins. It's just better for most of us that there are more choices in the market. Its all up to us how are we going to scrutinize them.
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March 31, 2019, 03:18:42 AM
 #140

between need and no. if there is a stable coin, it will not be worth the investment anymore because the value cannot rise. but the coin can be used for payment methods because it is stable and easy to balance prices in the market. it can make crypto more widely known.

 
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