💲💲 Stable Coins?? 💲💲

[dkbit98]

Thank you guys for your feedback!

What do you think about facebook's Libra coin?

We know it is 100% centralised and backed with all the big players.

I am posting part of CoinGecko report.
Full link here:
https://assets.coingecko.com/reports/2019-Q2-Report/CoinGecko-2019-Q2-Report.pdf








Dont forget to VOTE

[kawetsriyanto]

I am not holding any stable coins right now. But when I have a plan to hold one of the stable coins, I prefer to choose Tether or True USD. I am quite familiar with those stable coins even if I am not holding them. They are the most famous stable coins and listed on my local exchange, indodax.

~snip~ What do you think about facebook's Libra coin? ~snip~

You are better to post it on a new thread, mate. Because it is a new topic and no correlation with the title.

[WalkerIVIV]

Facebook currency name is Libra we know it, as hearsay Libra is stable coin. I will swap from Tether USD to Libra coin now I'm in Tether USD.

Now? are joking? libra has already expected to be released in the third quarter of next year and you will always stay with your tether, im not using tether due to the manipulation that created by the team.
It looks like OP is still missing some reliable stable coin like USDC and USDQ.

[tsaroz]

Theoretically DAI looks great but is not widely accepted. TUSD is my choice for exchanges and storing as Tether is having larger fluctuations.
And for the conversion, I send them to NEO, they just let in any stable and let withdraw any stable.

[TastyChillySauce00]

I use tether, maybe because it is the first stable coin I heard of. I'll try using others too, stable coin have been a life saver for me during downtrend

I guess it is better to stick with one stablecoin. I mean, there's no obvious advantages of using various stablecoin will all of them have basically the same functionality which is to save the value of your assets. Even if Libra is released that won't change the crypto market much from my opinion, moreover USDT is already being used in many of popular exchanges.

[peterlustig]

Thank you guys for your feedback!

What do you think about facebook's Libra coin?

We know it is 100% centralised and backed with all the big players.

I am posting part of CoinGecko report.
Full link here:
https://assets.coingecko.com/reports/2019-Q2-Report/CoinGecko-2019-Q2-Report.pdf


Dont forget to VOTE

Libra could be a good stable coin in future but isn't Libra in quite a bit of a trouble right now from the US congressman? I heard from my buddies at the US that they are hammering down hard on Libra.

[Christinebeauty]

I am not a true fun of stable coins, I only use them when the market is seriously crashing and I want to save my profit and cut down loss. Once the market has recovered, I turn back to my normal fluctuating coins. If I wanted to keep my funds in stable coins then I would converted to fiat rather

[dkbit98]

I see now stable coins and tokens being released, that are pegged to GOLD, and other precious metals like silver.
I am not sure that is a good idea.
My opinion is that IF we need to have Stable coin, than that coin MUST be decentralized,
and should be used only as a temporary solution.

Anyway here is one view of stable coins, written by Binance Exchange:
https://www.binance.vision/glossary/stablecoin
https://medium.com/binanceexchange/binances-new-stablecoin-moves-33c10be7cd2f

[dkbit98]

Libra could be a good stable coin in future but isn't Libra in quite a bit of a trouble right now from the US congressman? I heard from my buddies at the US that they are hammering down hard on Libra.

I have listened complete congress hearing,
and I can tell you that there are few senators who supports Bitcoin and crypto in general,
but they are skeptical in regards to Libra, because of previous Facebook privacy issues.

Most of congressman/woman have no idea what crypto is, and they are scared of change,
BUT they also realise if USA dont start first, then other parts of world will (read Russia, China...)

If we know financial force behind Libra, including Paypal, Amazon, Coinbase, Uber, Visa, Mastercard...
I doubt Libra will have big issues, especially when we know that they are register in Europe, Switzerland.

NOW... I don't like or support Libra, BUT maybe Libra will bring huge number of people in real crypto space.

[EmmaBen]

I prefer Tether obviously because it is the most used and go to stable coin with massive volume. Also, it happens to be available and tradable on most of the exchanges unlike other stable coins. Tether gave room for stable coin adoption and continue to be the preferred choice amongst traders making it more recognised. This notion will continue for a long time to come.

[olamidey]

Usdt tether has been the most used stable coin of all times.. TrueUSD is just coming up with other stable coins. Traders will always go for the one with wider use and acceptance

[MikeyVeez]

I hope that in the future we will have more similiar coins like DAI and centralized coins backed by dollars will not exist.
Still Tether is the most discussed stablecoin. So whom to trust? I would rather avoid having this coin. 

[Rohtox]

Never like and use StableCoin, except for some cases such as wanting to sell tokens but no other pair other than Tether (USDT) or StableCoin.
but again, I never intentionally or "sincerely" used StableCoin 

[dearbesz1219]

I do not understand who is still buying Tether when we have a lot of better alternatives. Centralized or decentralized. Backed by gold, diamonds or money like USD or Euro.
But backed by these assets and not by promise like Tether.

[4rzun4]

I use a stable Tether USDT coin in exchange for Digifinex. But only for simple and frequent exchanges. I have a strategy and last a long time, when using USDT. When I'm not trading, or on vacation for a long time all my assets are exchanged with USDT. To stay stable when I return to trading.

[pixie85]

I don't use stablecoins at all and I don't really see a purpose in them. Maybe for people who cannot use fiat currencies or want to trade on platforms with no fiat trading find stablecoins useful. I never needed them and as long as there's a way to do fiat trades I won't need them. I also don't trust USDt after they admitted to not having full backing.

[Inosend]

I use stable coin and I have traded and still trade them.to me I find it very useful in my own opinion. In the high volatile cryptocurrency Market, stablecoin are very essential to keep traders from losing money.  But when people say they don't use it, try to understand what they do while trading not to loose money

[sieemma]

I used to like stable coins when I was actively trading but this time around, I have stopped trading so I have my coins in Btc and other few alts that are not stable. To me,  there is no need for holding in stable coins for a long time because we are in crypto hoping for the best. When you hold in a stable coin, you won't get any profit when the market is rising. I think stable coins are good for traders.

[dkbit98]

Looks like Tether is leading in number of votes.
You can VOTE also, and share your opinion.

We are expecting NY hearing herding Tether...so expect some big changes:

Justice Cohen scheduled a hearing on our motion to dismiss for July 29, 2019.

[dnprock]

I'm experimenting with a new concept: stable coin through inflation. Existing stable coins are created using centralized authorities. I think we can make a digital native stable coin through inflation. There's a lot of questions about how to design such a coin.

My experiment is with 7% inflation. More details here:

https://bitflate.github.io/post/2019/04/14/bitflate-cryptocurrency-with-constant-inflation.html

I'd love to hear others' thoughts on this.