Are Stablecoins A Necessary Evil?

[playboy654]

I think the competition is important here so when stable coins are not here in our society there will be no development up with the cryptocurrencies happen in the current situation both are very important for the people to make their life peaceful.

[Snaic]

They are not evil, we really need some stable coins on this market. It is a pretty great thing if you want to stay out of the market, but you need you funds to be ready to invest directly from an exchange. The only thing I do not get, do we really need 10 stable coins?

Stable coins, of course, are very useful for working with our cryptocurrency. It would even be very good if we had stable coins linked to our national currencies, and not only to the currencies of the main world states. Today, using cryptocurrency for ordinary people is still difficult and stable coins, along with other functions, can partially solve this problem.

[DeadCoin]

If you deep drive, stable coins are the ones investors look at always when investing on other coin with more fluctuations. Its anther best choice to increase the profit as well. When the value goes up and you sell the altcoin into USDT, and the value goes down. Here you are safe and you can buy the same altcoin bit more. 

[mrdeposit]

They are not evil, we really need some stable coins on this market. It is a pretty great thing if you want to stay out of the market, but you need you funds to be ready to invest directly from an exchange. The only thing I do not get, do we really need 10 stable coins?

Stable coins, of course, are very useful for working with our cryptocurrency. It would even be very good if we had stable coins linked to our national currencies, and not only to the currencies of the main world states. Today, using cryptocurrency for ordinary people is still difficult and stable coins, along with other functions, can partially solve this problem.

If the stable coins were not useful, I guess would not be as much volume (look tether). On the other hand, there is also possibility that they may be scam, and the majority is afraid.

[ataki]

If we want mass adoption and  this is what we aim for then stable coins are a necessary evil. How could merchants deal with a volatile crypto coin which can lose 50% from it`s value a day. Merchants cannot accept that risk in real economy.

[misterjo]

pitifully they are necessary !, but tether should leave the market, there are other more transparent establishments like TrueUSD ... although the coins backed with fiat money is not the best! (it is as if it were the gold backed dollar), if the fiat begins to disappear, will they remove that support and print coins in an unlimited way? Is the story going to be repeated? ... I think a stablecoin backed by cryptocurrencies is better (it can be in bitcoin or another strong crypto) and that it can be verified in the blockchain

[jdarren]

I think they are worth having right now especailly as we transition from fiat to crypto entirely. We've seen it as more people are getting paid in strictly crypto what happens over time

[DeathProxy]

 they might be a necessary evil  but for now they are good because of volatility.  The volatile nature of the market now has made it necessary that you trade qnd store your crypto asest using stable coin

[EncryptKnomes]

pitifully they are necessary !, but tether should leave the market, there are other more transparent establishments like TrueUSD ... although the coins backed with fiat money is not the best! (it is as if it were the gold backed dollar), if the fiat begins to disappear, will they remove that support and print coins in an unlimited way? Is the story going to be repeated? ... I think a stablecoin backed by cryptocurrencies is better (it can be in bitcoin or another strong crypto) and that it can be verified in the blockchain

A gold-backed stablecoin would be amazing

[MoonProjects]

Unfortunately, I can't imagine Bitcoin ever becoming stable enough to warrant stablecoins useless, not for the foreseeable future anyway.

[Nasonn]

I don't want to imagine crypto market without stable coins. It is very necessary because of market volatility, it helps traders maintain their capital during a sudden market dump.

[South Park]

unfortunately the stablecoin are obligatory with this market too variable, i use them to get out from the altcoin at the end of the evening, at the end of the day trading...

Which is the way stable coins should be used, holding those coins for the long term is the same as holding fiat and unless the currency of your country is doing very badly then there is not a reason to hold those coins for the long term, but when we consider the volatility of the market and the amount of money that you can lose by simply being away from your screen monitor in an hour then it is easy to see why stable coins perform a necessary job for many traders around the world.

[abake]

I'm a trader and I keep telling people, stable coins are very important in this space especially for traders like me. Sometimes you just have to convert to USDT or TUSDT when you suspect there'll be a downtrend per say. I understand there are so many concerns about stable coins, but for me, it's OK.

[Myraidcoins]

I do not think that stablecoins is evil. I think that steyblecoiny is convenient and the development of stablecoins who can be trusted is very important for the market.

[minersday]

Stablecoins are really needed in the crypto space to help be this ecosystem balanced.  They usually serve as the best option for other cryptocurencies to be paired with to help reduce the volatile nature of that crypto coin. But in my own opinion, i think stablecoins are the real definition of digital currencies. They are not volatile and constantly have a fixed market value.

[JeffBrad12]

They are not evil, we really need some stable coins on this market. It is a pretty great thing if you want to stay out of the market, but you need you funds to be ready to invest directly from an exchange. The only thing I do not get, do we really need 10 stable coins?

Stable coins, of course, are very useful for working with our cryptocurrency. It would even be very good if we had stable coins linked to our national currencies, and not only to the currencies of the main world states. Today, using cryptocurrency for ordinary people is still difficult and stable coins, along with other functions, can partially solve this problem.

If the stable coins were not useful, I guess would not be as much volume (look tether). On the other hand, there is also possibility that they may be scam, and the majority is afraid.

But tether has a lot of possibilities to become a scam consider about there was no real result for the audit to the reserved funds of tether itself. Majority of the stable coin gets manipulation by the creator and tether could be the best example to tell everyone about how it works.

[george_hured]

The main idea of ​​that today, the fixing of the deposit is the main reason for the existence of all these stable tokens. I think, and I hope that all the same, fixing the deposit will not be the last operation.

[craslovell]

With the current volatile and young state of the crypto market, yes they are. However I believe stablecoins are something we'll outgrow with enough time. Need that paradigm shift to occur!

[mmo4me.2016]

Stablecoins are still a safe place for investors when the market is volatile and no investment decision is made yet! Everything is risky, but the possibility of stablecoins in the short term is quite low!

[Indrawan77]

I think stable coin doesn't got the same idea with Satoshi and it kind of ruin the decentralised feature, but the investors and traders need those coins, when the market is bad the investors like to keep their coin into stable coin form and the traders need stable coin for the trade pairing, so although it tainted the crypto idea it proved that its a very useful coin