DO WE REALLY NEED MORE STABLE COINS?

[Vaculin]

In my opinion, we don't need a lot of them bragging to be stable coins. Now, there are several projects that are out claiming to be stable coin backed by particular precious metal, etc. but in reality, it's all empty. Most of them will just use the front of being stable coin but they don't have the capability to back up their claims. It's all about marketing, right?

I agree. There's no need to have stable coins onhand because the reality is there's no such stable coins in this crypto community due to its high volatility. All crypto coins are subjected to price pump or dump any time of the day. And this will happen continuously as long as there is still volatility.

[2tang]

if I have to invest, I will not choose stable coins because I think it will be difficult to get big profits from stable coins because actually fluctuations are things we can use to make a lot of profits, even though many people don't like the cryptic nature that fluctuates because the risk is very high but actually they say that only when the price drops, but when prices soar, they forget that it is the advantage of crypto properties that are very fluctuating

[Amalker]

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?

Big platforms like Tron and EOS already announced their own stable coins. I think they want to cut a piece of Tether capitalization and control it by own. But as for me, we need more projects like Maker DAO with their autonomous decentralization stable coin DAI. This platform already works great and this a future.

[asriloni]

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?

Big platforms like Tron and EOS already announced their own stable coins. I think they want to cut a piece of Tether capitalization and control it by own. But as for me, we need more projects like Maker DAO with their autonomous decentralization stable coin DAI. This platform already works great and this a future.

It looks like you never watched the latest news that happened in the crypto. Tether officially migrated to the tron network and tether will be a part of the tron network. I never heard EOS has created its own stable coin because it doesn't popular as tether. stable coin can be manipulated so easily.

[Dr.Sponge]

Tether is stable because it was settled up. So the price will always on the range of 0.98$-1.02$, but sometimes a coin like this can get dumped due to some reasons.

[lavara]

Now is a very good time - there are really good and useful coins. You can see that the world has long accepted the idea of digital coins - a virtual payment for services and now also virtual money. This direction will be greatly developed every year and there will be leaders in this market. The wonderful TRON and NEO coins .This is for example - now the best bureaux are introducing their own cryptocurrency: BINANCE and others.The coin should be supported by good business, utility and large distribution in the trade, bargaining on many exchanges. I recommend the project MiracleTele - here the business idea is already working and the coin is very promising, the price is $ 0.2 - this is still at the start.

[Yamifoud]

Tether is stable because it was settled up. So the price will always on the range of 0.98$-1.02$, but sometimes a coin like this can get dumped due to some reasons.

Prices may can't be in stable at all,  fluctuations may rises as long as there is a market demand.  A zigzag line will be in common to all and must tankful to that cause in every ups and downs it will give us chances to get profits.  
I don't want to invest a coin which prices as its straight line,  I'll be preferred to buy those who are in a zigzag and seems to be more profitable.

[Ifychuks]

In the first place, my question is, which coins do we even refer to as stable coins? All the coins we have in the space now are prone to volatility. Non can maintain a particular price for a long and reasonable period.

[MakeMoneyBtc]

In the first place, my question is, which coins do we even refer to as stable coins? All the coins we have in the space now are prone to volatility. Non can maintain a particular price for a long and reasonable period.

He is probably referring to coins that are not disappearing from the market a few weeks after they are launched and they successfully maintain themselves there for a long time. I think there already are enough coins on the market that are stable and there is one coin to solve almost every problem we have so there is no need for more.

[jan.nicolas]

The only plus is probably competition, although what exactly will it manifest if, in general, these projects are backed by dollars, that is, fiat money. I do not understand why then we need more projects? Probably let them just increase their deposit.

[MirclIX]

We need stable coins that will give hope for the future.
These coins show us that the market is not dead and that its future will be brilliant, like all of its participants who are wisely investing in very promising coins.

[Serve20]

I think we don't need more of them again because we have already have many of them in the market and they are sufficient for the entire industry. But if a project comes out with its platform stablecoin for edging, I think it's a right thing to do.

[Akoldi_ibk]

The two major ecosystems that many projects are focusing on are exchange platforms and stable coins. 1 in every 3 new projects is either an exchange or a stable coin and to factual, these two ecosystems are saturated and becoming over-saturated. I think we don't need more of this two in the space for now.

[fosco333]

Not at all, stable coins are enough in cryptocurrency , no need to create more stable coin.
You cannot gain profit just by holding a stable coin because the price is stable. So, it will be better to not creating more of it.

[BlackPanda]

In the first place, my question is, which coins do we even refer to as stable coins? All the coins we have in the space now are prone to volatility. Non can maintain a particular price for a long and reasonable period.

He is probably referring to coins that are not disappearing from the market a few weeks after they are launched and they successfully maintain themselves there for a long time. I think there already are enough coins on the market that are stable and there is one coin to solve almost every problem we have so there is no need for more.

we can pay attention to all existing data, see coinmarketcap and coin analysis whichever has a fairly stable range. There is no coin that has perfect stability. But I personally prefer coins that have a high potential of increase, so I can gain a number of benefits and for me it is a good opportunity. The investment we make certainly has a purpose and that is why we have to choose the right coin.

[Galantin]

Yes, we need 3-5 stable coins that work with all currencies and exchanges. Their main feature should be the price to simplify transactions. If the USD is $ 1, then the other coin should have a price of say $ 100.

Also, a stable coin will be needed if we want to introduce cryptocurrency for ordinary people. Because they will not play with the cruise and risk money.

[Falgorn]

The usual currency, to be stable in price, is regulated by the central bank of the country. Cryptocurrency exists precisely on the principles of non-intervention of any authorities in the formation of its price and therefore is considered decentralized. Therefore, we can have either a relatively stable regulated cryptocurrency, or unregulated and with high price volatility.
If we choose a decentralized cryptocurrency, then it will always have very high price volatility, because its price is formed only on the basis of the supply-demand ratio.

[Averim]

Stable coins brings with them trust, this is the reason why we need more stable coins, this way the blockchain technology will be sustained and used by big financial companies in a public way (not just as secret investors).

[Fammosh82]

Whether it’s stable coins or regulation on the international level, digital currency still holds promise for improving the way we conduct real-life financial transactions. We merely have to open up the discussion and begin to consider digital currency as a viable (potentially stable) option not just for our personal transactions but also our banking infrastructure. The more people get involved in the discussion, the sooner we can overcome the challenges to using cryptocurrency.

[MOProgress]

I don't think we need more stable coin, what we should be look at should fighting for how cryptocurreny can be fully accepted by all the government of the earth.