Abiky (OP)
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www.Crypto.Games: Multiple coins, multiple games
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April 06, 2019, 02:34:23 AM |
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Stablecoins have been considered among many investors to be a safe-haven for crypto's volatility. Ever since Tether (USDT) emerged, several other stablecoins have launched in order to provide people with a wide variety of options to choose from. However, the stability of stablecoins is yet to be questioned since we've seen how Tether has gone below $1 in the past. NuBits used to be a stablecoin too, but now it has lost its peg to the USD. Which means, that the same thing could happen with most stablecoins out there, since they're traded on a free market. Nonetheless, do you believe that stablecoins will have a future? If not, why?  |
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Maestro75
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April 06, 2019, 02:48:22 AM |
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As long as there is only one route to enter the market in crypto trade, that is only buying unlike with binary options and Forex where traders can enter through buy or sell and make profit, stablecoins will continue to be relevant in cryptocurrency.
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misterjo
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April 06, 2019, 03:16:22 AM |
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probably the stablecoin if they are going to have a future!, since it helps to protect themselves from volatility !, the problem is the stablecoin backed by fiat money (usually in dollars) ...
what happens if they remove that parity as happened with gold ?, will begin to print or get more coins out of that "stablecoin" without any backrest ... the best are the stablecoin supported in algorithm or in a cryptocurrency like bitcoin and that you can check your reserves in the blockchain!
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Mrcharles
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April 06, 2019, 03:25:37 AM |
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Stable coin is not a perfect solution for the volatility of the cryptocurrency space, but it could help mitigate the issue of volatility. I believe stablecoin has a place in the future, many more stable projects will grace the industry and the ones with a flawless structure will stand the test of time. Tether has been very faithful in keeping up with the stride of the market and it has earned popularityaamong other stablecoin.
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tsaroz
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★Bitvest.io★ Play Plinko or Invest!
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April 06, 2019, 03:47:20 AM |
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Stable coins would be an important part of cryptocurrency economics. With the unsuitability of crypto, we can't risk to put everything on a volatile coin while we can not even risk to keep on exchanging them to and from the fiat. So, stable coins are needed. Stable coins would be the future of day to day transactions. They would be the supplement to fiat currency.
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Viper_Unleashed
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April 06, 2019, 03:51:36 AM |
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After huge rise of crypto market we had seen a number of stable coins coming into the market and people pouring in.Few years back the option were quite less and thus people had very few options to buy and sell and of course very less pairs.But with the price rising many investors start investing the the crypto field and they always look for stability which was provided by these stable coins only.Thus it is really a vital thing.With so much volatility (ups and downs) in the crypto market whales and big investors need stability and that's the reason.
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Deylandra
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April 06, 2019, 05:47:41 AM |
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The Facebook stable coin will destroy all others.
Deylandra.io – a crypto currency designed to strip the 1% of their power.
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Twinkledoe
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★Bitvest.io★ Play Plinko or Invest!
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April 06, 2019, 05:57:33 AM |
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Till now, I consider stable coins as just any other altcoin. So in my opinion, I believe their stability will still be affected by the market and the people behind the stable coin. If the dev team will not sustain its existence and will not find a way to keep up the fast pace in blockchain technology, then, they will find themselves away from the limelight.
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jakelyson
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April 06, 2019, 06:00:33 AM |
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Stable coins need continues development to be able to survive in this market. Crypto is very competitive market and every coin is trying to be on top. If the coin cannot compete or adjust to the needs of the market it will die. You need to consider the devs developing these coins when investing.
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Herbert2020
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April 06, 2019, 06:12:29 AM |
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stable coin as a concept is a very good one because it is useful. people need a cryptocurrency that can act as fiat so that they can use it without needing to go through the banks and endure the problems they are causing them. so that concept will have a future and will grow.
but stable coins in reality are coins like Tether, etc. which are centralized, shady and sometimes not even stable. so the result is that these coins will not have a future and they all have an expiration date. it can be reached even when FBI or some other 3 letter agency kicks down their door and arrests them killing the whole coin or it can eventually be when they are replaced by decentralized version of themselves and worse case scenario is that they last long enough till bitcoin reaches maturity and mass adoption and becomes stable at $1 million and bitcoin is used instead of all of them.
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Weak hands have been complaining about missing out ever since bitcoin was $1 and never buy the dip.
Whales are those who keep buying the dip.
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disconnectme
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April 06, 2019, 06:29:16 AM |
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Stablecoins have been considered among many investors to be a safe-haven for crypto's volatility. Ever since Tether (USDT) emerged, several other stablecoins have launched in order to provide people with a wide variety of options to choose from. However, the stability of stablecoins is yet to be questioned since we've seen how Tether has gone below $1 in the past. NuBits used to be a stablecoin too, but now it has lost its peg to the USD. Which means, that the same thing could happen with most stablecoins out there, since they're traded on a free market. Nonetheless, do you believe that stablecoins will have a future? If not, why? For me apart from the peg to fiat that people always seek for, the most important thing is Trust in the coin. We need more Stable coins, for me it will be very important in the next bull run, if we have stable coins with Marketcap of $100 billion then I feel the $200k next price of BTC that people are suggesting is attainable |
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BitcoinHodler
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April 06, 2019, 07:14:21 AM |
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stable coins have always stuck out like a sore thumb because they are centralized tokens among decentralized coins in a decentralized market. it is true that for the past years people have been using a lot of them (evident from the trading volumes) and there has been a lot of them that get created every now and then (evident from the total number of individual stable coins!). but in the end there is a big flaw here and that is their centralization. it has created a serious point of failure.
you can't shut down bitcoin because it is decentralized but it is very easy to shut down USDT because all you have to do is to close down bitfinex and the company behind it and it will die in a blinking of an eye.
and the worst part is not even the fact that USDT will be worth 0 immediately. the worst part is the damage that such incident can cause to the whole market. and we may not see recovery for years after that .
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Holding Bitcoin More Every Day
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bigcash2011
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April 06, 2019, 07:24:46 AM |
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Im not a big fan of stablecoins as i think they are against the basic concepts of decentralization and free global market which forms the basis of crypto but then again i think they will survive and their volume will also grow because they can be used as hedge to crypto market and also they can be used as mode of payment as they are stable in price.
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libert19
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April 06, 2019, 07:30:03 AM |
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Im not a big fan of stablecoins as i think they are against the basic concepts of decentralization and free global market which forms the basis of crypto but then again i think they will survive and their volume will also grow because they can be used as hedge to crypto market and also they can be used as mode of payment as they are stable in price.
How does stablecoins are against decentralization? If people hate fiat so much then they should stay away from stable coins, there was need that's why they came into existence. |
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pushups44
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April 06, 2019, 07:32:05 AM |
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Stablecoins are essential for increasing liquidity and reducing volatility in this industry. During the next bull run, they will be needed for people to quickly trade out of cryptocurrencies while keeping their assets on the blockchain. In some countries, there is a tax advantage to using stablecoins as opposed to converting to fiat.
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geminiboy
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https://ammut.network/
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April 06, 2019, 08:07:31 AM |
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stablecoin will live forever with a value that is minimally risky and this is useful for storing long-term assets, yes, stable points are sometimes under the price of $ 1 but not for a long time, stablecoin will be a real asset for the future
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nutriagrigia
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Oikos.cash | Decentralized Finance on Tron
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April 06, 2019, 08:31:51 AM |
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I think that stable coins will remain on the cryptocurrency market, but there will be only a few, but not 10-20 as it is now.
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Script3d
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April 06, 2019, 08:44:17 AM
Last edit: April 09, 2019, 06:24:32 AM by Script3d |
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I will trust stablecoins if they are regulated, if a stablecoin fully comply to the regulations then that's the time i'll be using them, not to withdraw money but preserve the value in the future, which most of the crypto investors will be looking at future when the future crash comes in.
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SRKNGL
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Files.fm - Store, Share and Sell Files
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April 06, 2019, 08:46:32 AM |
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If these stable coins are holding usd in return they won't be a nuisance. But I know most stable coins are not doing it. That's why they might have trouble in the future.
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Pffrt
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April 06, 2019, 08:53:41 AM |
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I don't think it's a problem that tether gone below than $1 because there's a system of burning coin by the dev team ro maintain the price. It's easy to hold out the price of tether in $1. If price goes down, dev team will burn some coins which we have observed some days ago, if price goes high, dev team will increase the supply to maintain the price.
Stablecoin is necessary for having a better profit since all of the cryptocurrencies are widely volatile and for taking profit, there's no other alternative of stablecoin.
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