💲💲 Stable Coins?? 💲💲

[pixie85]

Decentralized stablecoins will fix most of the stablecoin problems you mentioned.

I honestly do not like centralized stablecoin too. My biggest fear about them is that they can be used to attack market. With their poor transparency, manipulators could print lots of stablecoin to manipulate the crypto market.

The biggest problem of decentralized coins is they lack founding. Centralized shitcoins ilke Libra will have all the money put into PR and will have their own database of clients from the moment they launch. Decentralized coins have to fight for every customer and investor.

We will need a disaster to strike centralized coins for people to wake up and choose decentralization.

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[dkbit98]

Decentralized stablecoins will fix most of the stablecoin problems you mentioned.

I honestly do not like centralized stablecoin too. My biggest fear about them is that they can be used to attack market. With their poor transparency, manipulators could print lots of stablecoin to manipulate the crypto market.

The biggest problem of decentralized coins is they lack founding. Centralized shitcoins ilke Libra will have all the money put into PR and will have their own database of clients from the moment they launch. Decentralized coins have to fight for every customer and investor.

We will need a disaster to strike centralized coins for people to wake up and choose decentralization.

Spot on.
I agree with you

[darewaller]

Tether would have actually been the most reliable stable coin, but there has been lots of controversies surrounding it , and this as reduced the confidence that people already have in it because of bitfiniex   being accused of over printing money that they do not have in store.

People still use tether more though, but I think most of its users are sitting on a time bomb, so if you have to use tether, just make sure that you don’t tie your fund down or put too much of fund, another stable coin that is still reliable is USDC too, but I am still quite skeptical about them until Libra stable coin is released into the market, if Facebook coin is released eventually, many of these tether coin may  really become less used, irrelevance and unable to compete with Libra.

[lhtot8]

USDQ is probably the worst stable coin what I have ever seen. They should be backed by their own token LHT. But LHT token is useless and nobody wants it. So 1USDQ is no 1USD no, but only few cents. 

Stable coins should be back by real asset, USD, AUS, CAD, gold, silver, whatever have true values in real life and have been accepted globally for a long period of time in human civilization. Stable coin is back by a token, nope, I don't think it is a good stable, sounds like a fake, scam one. If a stable is back by a token, it is worse than a stable coin is back by bitcoin. Because bitcoin will not die, but tokens will do die over time.

[No One]

I am also not a fan of stable coins. I sometimes wonder why stable coins are created. Are they for trading? Their price remain stable and there is not any profit from trading. But I think they serve as a platform to exchange and store USD. I like tether stable coin.

[lhtot8]

I am also not a fan of stable coins. I sometimes wonder why stable coins are created. Are they for trading? Their price remain stable and there is not any profit from trading. But I think they serve as a platform to exchange and store USD. I like tether stable coin.

Stable coins play as means to switch between bitcoin to altcoins; bitcoin to stable coins, then fiats; altcoins to stable coins then fiats. That's all. There is no reason, no benefits to invest in stable coins, because their price are stable. Do you want to invest in a coin that has stable price over time?

[letyouearn]

I don't trust all these stable coins, use them only to temporary store my crypto cash, when trading BTC/USDT. Use Tether mostly, tried other stable coins a few times.

[seoincorporation]

I like to use Tether USDT, it was the first stable coin i find in the market and looks like the one who most people trusts it.

I know that coin has some kind of issues, like the one we see two weeks ago with the mistake, created coins, but it was fixed fast, that's why i trust on the team behind tether.

[barbara44]

I like to use Tether USDT, it was the first stable coin i find in the market and looks like the one who most people trusts it.

I know that coin has some kind of issues, like the one we see two weeks ago with the mistake, created coins, but it was fixed fast, that's why i trust on the team behind tether.

All I have seen with tether is that mistake they keep making and correcting, they are big enough to avoid those kind of mistake and I am not too sure that tether will be able to survive the issue it is having with government as regards its transparency in priming of coins which is said to be over printing.

I have not followed up on them for a while now, so I don’t even know if the court has eventually ruled a case against them or not, but I doubt of they will ever survive it. The reason why I don’t like tether is because they are kindly of too shady in their dealings with people and I think funds are being stolen by them and before you know it, one day, they will run away with people’s money.  There are so many other reliable stable coins in the market but not tether.

[dkbit98]

I like to use Tether USDT, it was the first stable coin i find in the market and looks like the one who most people trusts it.

I know that coin has some kind of issues, like the one we see two weeks ago with the mistake, created coins, but it was fixed fast, that's why i trust on the team behind tether.

All I have seen with tether is that mistake they keep making and correcting, they are big enough to avoid those kind of mistake and I am not too sure that tether will be able to survive the issue it is having with government as regards its transparency in priming of coins which is said to be over printing.

I have not followed up on them for a while now, so I don’t even know if the court has eventually ruled a case against them or not, but I doubt of they will ever survive it. The reason why I don’t like tether is because they are kindly of too shady in their dealings with people and I think funds are being stolen by them and before you know it, one day, they will run away with people’s money.  There are so many other reliable stable coins in the market but not tether.

There was a hearing in NewYork on July 29, 2019.
You can find official Tether statement on their website:
https://tether.to/tether-obtains-stay-of-document-demands-in-new-york/#

[kogozer714]

Tether(USDT), not me for any reason to choose Tether(USDT) if I think the bitcoin trade starts to fall and before prices really enter a deep gap, I will definitely change some of my bitcoin to USDT to start a new market.

[tenakha]

Stable coins are a good choice to keep the money stable, but not for me. What good is it to keep money stable in this market? There are already many places away from here to keep the money stable. If money is circulating in this market, then it will be used for making profit, and keeping it stable will not give you additional money.

[Belianez]

Now I use only 2 coins , it is usd and usd these are the coins that I trust and which have good volumes , but of course it is better to deversify in the event of fraud of their coins.

[asriloni]

It looks like I'm missing another good stable coin that backed by bitcoin and that's called as a qdao stable coin and it has already traded in few exchange sites so far and it must be included in that list. I'm using it right now and USDC and so far never get any problem because it's clear where the token gets its value compared with tether and qdao is much better consider it has been backed by bitcoin as a collateral.

[dkbit98]

It looks like I'm missing another good stable coin that backed by bitcoin and that's called as a qdao stable coin and it has already traded in few exchange sites so far and it must be included in that list. I'm using it right now and USDC and so far never get any problem because it's clear where the token gets its value compared with tether and qdao is much better consider it has been backed by bitcoin as a collateral.

Interesting.
First time I hear about it so far.
Do you have an links so I can check it out?


Our current Poll shows this results at the moment:

60% of users are using Tether
17,1% are not using any stable coin
8,6% are using other stable coin

[flemmings02]

The stable coins I have only made use of are the USDTether and DAI, and my use for them is to make short term trading profits, especially on Bitforex, I prefer to exchange USDtether for Bitcoin and vice versa to make short time profits when the Bitcoin price is highly instable.

[big_daddy]

I am not a fan of stable coins, it's a manipulating machinery doing a mess on the market

[domoy77]

Currently not interested in using stable coins, I am still loyal to some tokens for now, not intending to sell them and looking for coins that are safe to stabilize which will be the last resort if I have to.

[Almasani]

Before I say thank you for telling all the altcoins that are stable in price. Maybe from all the altcoins, I use Tether more often. To like, I think all altcoins are good. But Paxos uses the ethereum platform, different from Tether.

[posi]

Before I say thank you for telling all the altcoins that are stable in price. Maybe from all the altcoins, I use Tether more often. To like, I think all altcoins are good. But Paxos uses the ethereum platform, different from Tether.

The stable coins you mentioned are not the best option cause USDT had some allegations which lead to some major exchange delist while Paxos is a token created by a regulated company which automatically make the token centralized and USDQ is a decentralized stablecoin pegged to a dollar and backed with BTC.