The use of stable coins or no?

[yazher]

On the other day, I think of the use of stable coins. I mean, when can we use Stable coins as an alternative fiat. You see when a bull run comes and everyone will start to sell their Bitcoins and some other coins into fiat the network will be congested.

So I think if we buy Stable coins with some stable volume, we will no longer need to worry about unable to sell our bitcoin into fiat.
Rather we only need to do this thing right? is this some acceptable alternative or no?

[ansi]

Actually, one of the best things that happened to crypto are the stable coins indeed. Its the fastest way to lock your gains in this domain, you can't actually gain in crypto (if you're a trader) based on selling your crypto to fiat directly, it simple won't work, because it take time, during that time lots of shit can happen.

Stable coins are great for those who knows when to get out & get in again during discount prices.

[Bttzed03]

I'm not sure I'm getting your post. It's already an alternative to fiat, isn't it? I mean 1 USDT for example is supposed to be 1 USD and it's easily convertible to physical cash.

[yazher]

I'm not sure I'm getting your post. It's already an alternative to fiat, isn't it? I mean 1 USDT for example is supposed to be 1 USD and it's easily convertible to physical cash.

You haven't got what I said. Ok, you see when a bull run comes then the price of the bitcoins will suddenly skyrocket when it reaches its full price, most of the holders will sell their bitcoins simultaneously. on that time, the network will be congested if you convert your bitcoins into fiat. so as an alternative, you have an option to sell it into stable coins then sell it later to fiat. did you get it now?

[Bttzed03]

I'm not sure I'm getting your post. It's already an alternative to fiat, isn't it? I mean 1 USDT for example is supposed to be 1 USD and it's easily convertible to physical cash.

You haven't got what I said. Ok, you see when a bull run comes then the price of the bitcoins will suddenly skyrocket when it reaches its full price, most of the holders will sell their bitcoins simultaneously. on that time, the network will be congested if you convert your bitcoins into fiat. so as an alternative, you have an option to sell it into stable coins then sell it later to fiat. did you get it now?

I see. That's actually being done by a lot of traders already. It's not something new.

[mrdeposit]

Yeah, it is possible what you said but, stable coins are convenient for short term spot trading. For example, when a signal comes from any altcoin, you change the stable coin to that altcoin, and in the case of price increases, change your coin to stable coin. Because those who are busy with this trade keep their money there for a long time, and keeping it in any coin can cause loss. Converting to the USD itself also means charging more fee. Therefore, stable coins are most suitable. You always keep your investment stable.

[Vitamin_52]

I have never seen a more stable token as USDT, in my opinion this is the only token that is always kept in the same price. everything else goes like a piston in the engine up and down

[DaMut]

I'm not sure I'm getting your post. It's already an alternative to fiat, isn't it? I mean 1 USDT for example is supposed to be 1 USD and it's easily convertible to physical cash.

You haven't got what I said. Ok, you see when a bull run comes then the price of the bitcoins will suddenly skyrocket when it reaches its full price, most of the holders will sell their bitcoins simultaneously. on that time, the network will be congested if you convert your bitcoins into fiat. so as an alternative, you have an option to sell it into stable coins then sell it later to fiat. did you get it now?

You forgot about something important and it was also our main problem here is, which was not all of us holding our precious Bitcoin on the exchange.
The network was congested because people moved their Bitcoin from their personal wallets into exchange wallets in order to encash it directly into fiat or any stablecoin.
there is no alternative once the bull run comes if we are holding our Bitcoin on our personal wallet .

[EdvinZ]

Stable coins are used wherever they are available on any cryptocurrency exchange. This is clearly seen in trading volumes in pairs with stable coins. The first and most reliable stable coin is, of course, USDT. There are many alternatives for her now, but most traders still use USDT.

[Reid]

Not use but rather abuse.

They created it then we make use of it.
Instead of risking selling bitcoin into an altcoin we can prevent losses.
It aint like it was before where we get not much of an option. Now it is better to be able to have knowledge with stable coins.

[lobat999]

I'm not sure I'm getting your post. It's already an alternative to fiat, isn't it? I mean 1 USDT for example is supposed to be 1 USD and it's easily convertible to physical cash.

You haven't got what I said. Ok, you see when a bull run comes then the price of the bitcoins will suddenly skyrocket when it reaches its full price, most of the holders will sell their bitcoins simultaneously. on that time, the network will be congested if you convert your bitcoins into fiat. so as an alternative, you have an option to sell it into stable coins then sell it later to fiat. did you get it now?

That is actually the purpose of stable coins - to minimize the risk of volatility in crypto markets thus preventing your net portfolio from being significantly reduced in a short period of time.

One example of its usage is e.g., Assuming I have 1 BTC worth $10k now and all market indicators shows it is on the verge of descending pattern, then I can convert my 1 BTC to 10k stable coins like Tether and wait for the market to regain its composure. Supposing 1 BTC slides to $9k and all indicators again predicts it will have a rebound, then you can convert/buy $9k/BTC with all your 10k Tether making your new BTC holdings estimated at 1.11 BTC,(less trading fee of course!) thus increasing your BTC portfolio by at least 10 percent but on the condition that you did the right timing on your exit and entry points.

[Wintersoldier]

I'm not sure I'm getting your post. It's already an alternative to fiat, isn't it? I mean 1 USDT for example is supposed to be 1 USD and it's easily convertible to physical cash.

I think he is pertaining to solve the problem about network congestion. Actually, the problem is already been solved, there are stable coins in the market, the problem now is adoption, if and only if we, people will going to adopt cryptocurrency in our daily expenses, we don't need to worry about converting our cryptos to fiats. In that case, we can directly use crypto to pay for our daily transcations, and at the same time, avoid network congestion.

[yazher]

That is actually the purpose of stable coins - to minimize the risk of volatility in crypto markets thus preventing your net portfolio from being significantly reduced in a short period of time.

One example of its usage is that: Assuming I have 1 BTC worth $10k now and all market indicators shows it is on the verge of descending pattern, then I can convert my 1 BTC to 10k stable coins like Tether and wait for the market to regain its composure. Supposing 1 BTC slides to $9k and all indicators again predicts it will have a rebound, then you can convert/buy $9k/BTC with all your 10k Tether making your new BTC holdings estimated at 1.11 BTC,(less trading fee of course!) thus increasing your BTC portfolio by at least 10 percent but on the condition that you did the right timing on your exit and entry points.

This is the what's the stable coins used for right? I have never thought of that until now. I though stable coins are just some coins from a working project with real products. If I didn't ask these questions I will never know the value of those stable coins.

[tsaroz]

On the other day, I think of the use of stable coins. I mean, when can we use Stable coins as an alternative fiat. You see when a bull run comes and everyone will start to sell their Bitcoins and some other coins into fiat the network will be congested.

So I think if we buy Stable coins with some stable volume, we will no longer need to worry about unable to sell our bitcoin into fiat.
Rather we only need to do this thing right? is this some acceptable alternative or no?

That's the specialty of stable coins. They save us from the hassle of converting our fiat to crypto and back. With stablecoin, you can easily convert your crypto coins to a fiat value within a few seconds and convert them to fiat at your ease or back back cryptocurrencies from it. They have become a great tool for day traders who makes their profit through fluctuation in prices of the coins.

[lobat999]

That is actually the purpose of stable coins - to minimize the risk of volatility in crypto markets thus preventing your net portfolio from being significantly reduced in a short period of time.

One example of its usage is that: Assuming I have 1 BTC worth $10k now and all market indicators shows it is on the verge of descending pattern, then I can convert my 1 BTC to 10k stable coins like Tether and wait for the market to regain its composure. Supposing 1 BTC slides to $9k and all indicators again predicts it will have a rebound, then you can convert/buy $9k/BTC with all your 10k Tether making your new BTC holdings estimated at 1.11 BTC,(less trading fee of course!) thus increasing your BTC portfolio by at least 10 percent but on the condition that you did the right timing on your exit and entry points.

This is the what's the stable coins used for right? I have never thought of that until now. I though stable coins are just some coins from a working project with real products. If I didn't ask these questions I will never know the value of those stable coins.

Indeed it is! I bet you have already read the news about Tether surpassing BTC's volume across all exchanges as per Coinmarketcap data and  is it because traders  have used it to protect the value of their crypto portfolio (not just BTC) from sudden volatility  especially when BTC's price suddenly slided down to 8k level. .

[Ucy]

There are lots of stablecoins available in the market and many of them have adequate volume... hope you're aware of that?
 Most of the conversations (from cryptocurrency to stablecoins) happen on centralized exchanges. so I don't see how that will conjest the network

[max6575]

the use with reference on token to work on terms as the tasks of utility that developer to counts of use with unit of notables dedication as preparing entrance on use with queries to helps as running with use of technical arrange on qualification and collects of spares with difference on finest of plan on terms with the design on bitcoin business.

[yazher]

the use with reference on token to work on terms as the tasks of utility that developer to counts of use with unit of notables dedication as preparing entrance on use with queries to helps as running with use of technical arrange on qualification and collects of spares with difference on finest of plan on terms with the design on bitcoin business.

Every post that I see in my thread is helping me understand something new with the stable coins. You, on the other hand, making things worse. as I don't understand what you are blabbering about. please don't just increase your post count, you need to post some helpful tips or opinions according to what peoples talking on the thread. If you don't have something good to say you better just read the posts it'll be more helpful that way.

[Yatsan]

If you don't want to risk your money onto something volatile,Yes, you can buy stable coins but make sure you're going to use it with you nothing to lose. Stable coins are still volatile but it has low a rate, in fact some traders use stable coins rather than converting fiat money into cryptocurrencies, vice versa. So stable coin acquire both fiat and crypto distinctions, like a neutral place between currencies.

[cuo]

I will buy some stable coin to save balance when market very high volatility, but if you ask about using stable coin, I prefer use fiat money!

[ned.ryerson]

I think that stable coins are insurance against a sudden price change and no more. you can sell your BTC in any time!

[Arkann]

The use of stable coins is very important for me, especially when I accumulate capital, for which I don’t worry, because I know that the total price of my capital will not decrease with any changes in the cryptocurrency market.  At the same time, it makes it possible to keep all your funds in the cryptocurrency market, and not to withdraw them to fiat.  In addition, stable coins give a very huge advantage in case of a sharp drop in the cryptocurrency market, since the instant withdrawal of all your assets into a stable coin makes it possible to fix your balance at the same level and not tolerate further price reductions.  But among all the stable coins, I choose USDT.

[ChrisPop]

I support the use of stable coins rather than fiat, but at the moment we don't really have a viable solution. DAI is the only decentralized solution that winks me an eye. The others with centralized collateral and no trustful audits will always make me raise a question mark.

A token that caught my attention lately is GOLD which is backed up by physical gold bullion bars that are stored in Singapore with BullionStar. They have audit from ChainSecurity, which is a trusted Swiss company in the industry. You can redeem the GOLD on their website with BTC or ETH in a few minutes at the golden spot price.

[Impaler]

Stable coin is very much needed in this space. For traders its very much useful. I used a lots of stable coin. And yes most of people come to fiat after a profit and then back to crypto when bear market comes.

[Nadziratel]

On the other day, I think of the use of stable coins. I mean, when can we use Stable coins as an alternative fiat. You see when a bull run comes and everyone will start to sell their Bitcoins and some other coins into fiat the network will be congested.

So I think if we buy Stable coins with some stable volume, we will no longer need to worry about unable to sell our bitcoin into fiat.
Rather we only need to do this thing right? is this some acceptable alternative or no?

It's actually very simple. Stable coins are used for your investments for trade. For example, if you do not trade any crypto for 1-2 months, you do not need to use stable coin. You can choose to use FIAT directly. However, if you use your bank account with every USD return request, it will probably catch the attention of your country's economic authorities.

[aysg76]

On the other day, I think of the use of stable coins. I mean, when can we use Stable coins as an alternative fiat. You see when a bull run comes and everyone will start to sell their Bitcoins and some other coins into fiat the network will be congested.

So I think if we buy Stable coins with some stable volume, we will no longer need to worry about unable to sell our bitcoin into fiat.
Rather we only need to do this thing right? is this some acceptable alternative or no?

Stable coins are very helpful when you change your position in market very often for example, if you are indulged in day-trading. Rather than buying/selling for fiat, you can simply shift between crypto and USDT and make short-term profits. This reduces trade timing to very minimal. Other than that, I don't think there is any benefit of stable coins in trading.

[bitstalker]

I also think about using a stable coin as an alternative to fiat currencies, especially now many stable coins support the currencies of several countries such as USD, Euro, CHF in my own country (Indonesia). whereas if used as a fiat currency it will be interesting.

[NathanJB]

On the other day, I think of the use of stable coins. I mean, when can we use Stable coins as an alternative fiat. You see when a bull run comes and everyone will start to sell their Bitcoins and some other coins into fiat the network will be congested.

So I think if we buy Stable coins with some stable volume, we will no longer need to worry about unable to sell our bitcoin into fiat.
Rather we only need to do this thing right? is this some acceptable alternative or no?

This has long been done by many traders especially during the times when the market is bleeding. Stable coins are really alternative fiat. No wonder why they are pegged on the value of fiat currency. During the times when the bear season is at its worst point and there is no other cryptocurrency that is not showing blood, your portfolio is going to suffer with them. This is the time to shift to say USDT to avoid worse price dip. It is better to keep it there until the market not yet turning to the opposite direction.

[aji567]

On the other day, I think of the use of stable coins. I mean, when can we use Stable coins as an alternative fiat. You see when a bull run comes and everyone will start to sell their Bitcoins and some other coins into fiat the network will be congested.

So I think if we buy Stable coins with some stable volume, we will no longer need to worry about unable to sell our bitcoin into fiat.
Rather we only need to do this thing right? is this some acceptable alternative or no?

in my opinion stable coins play an important role in this and I accept the alternatives you provide and I will try when bitcoin is really bull.

[akamit]

is this some acceptable alternative or no?

Surely you can do this in order to protect your gains, but it has to be for a short period of time.
Because in rare times, stable coins may also get a negative value. Once I witnessed USDT value dropped to $0.93 or $0.94 (I don't remember the exact figure) and that's something you will not want I guess.

And the current value is $1.01 for USDT.

[desticy]

During the last bulran, there was only Tether, and smart traders made excellent use of it. So the stable coins that have appeared now have only expanded the arsenal, but have not added any new functionality, because the possibility of overflowing crypto currency into the stable was before. It is obvious to me that stable coins should be used for their intended purpose, such as securing profits or protecting your portfolio during market fluctuations.

[CHRISBIN702]

I think the only real use case for stable coins is as a way to preserve one's position on an exchange. Say for instance, you see a down trend and want to pull out of BTC right before a prospective dip and rebuy when you think it's at the bottom.... Well, withdrawing and then exchanging to fiat can be time consuming and costly too. Then when that dip happens, repurchasing crypto and depositing back into the exchange is also time consuming and costly. Any profit one stood to make would be completely eaten up. Using a stable coin(not freakin' USDT!) you can keep your assets on the exchange and not risk missing your opportunity to capitalize on the markets action.

[Free1bitco.in]

On the other day, I think of the use of stable coins. I mean, when can we use Stable coins as an alternative fiat. You see when a bull run comes and everyone will start to sell their Bitcoins and some other coins into fiat the network will be congested.

So I think if we buy Stable coins with some stable volume, we will no longer need to worry about unable to sell our bitcoin into fiat.
Rather we only need to do this thing right? is this some acceptable alternative or no?

if you only focus on using cryptocurrency as alternatives of fiat and are afraid of losing the price, I think it's okay to convert bitcoin/altcoin into stable coin.

it all depends on the use of the coins you hold. if you use it as an alternative, it doesn't matter. it's just that, many people use bitcoin as an investment, business developer, and alternative of fiat.

Until now, quite a lot of people who hold bitcoin because they want to take advantage of the fluidity that occurs at the price of bitcoin. they believe that bitcoin can have a high price, even though it is quite risky.

[zhekinsp]

I always use stable coins as a trading tool. I think that using stable coins is a good way to lock your profits. The most important thing is to choose the right stable coin.

The real fact is we can't trust any stable coin because they can change their policies any time which could change the value of the coin as well overnight.So holding the profits in stable coin is also got same riskier but we can able to convert them into bitcoin or any other decentralized crypto with less fee compared to the fiat.

[Vinalians]

There are so many things that we can do if the coins will be stable. The market will be on the way. I mean so many things we can do like legalizing it because it is the top problem of all who wanted to make changes in cryptocurrency the volatility. If a specific coin would surpass that volatility and make itself a stable for sure there will be so many people and company would use it. It is still cryptocurrency after all.
Stable coins is good in the economy but not if you've wanted to make profit out of that coin.

[tabas]

Stable coins has a stable value, I haven't seen a stable coin that has an unstable value. Although there might be a few stable coins that became unstable now for some reasons.
The main use of stable coins now are for trading, you can trade it for bitcoin or you can save your bitcoins through it.

I always use stable coins as a trading tool. I think that using stable coins is a good way to lock your profits. The most important thing is to choose the right stable coin.

This.

[AndRE177]

On the other day, I think of the use of stable coins. I mean, when can we use Stable coins as an alternative fiat. You see when a bull run comes and everyone will start to sell their Bitcoins and some other coins into fiat the network will be congested.

So I think if we buy Stable coins with some stable volume, we will no longer need to worry about unable to sell our bitcoin into fiat.
Rather we only need to do this thing right? is this some acceptable alternative or no?

I use Stable coins to trade in pairs to Bitcoin and Ethereum. It is in these trading pairs that the use of stable coins is most profitable and gives a good result. They are very convenient to go during the fall in the price of BTC or ETH. And then go back with minimal losses.

[dataispower]

I've actually been using stable coins to avoid price fluctuations affecting me when I'm on profit, or when I think the market will be on downtrend since I'm good with TA. I also trade USDT to FIAT on luno for short term gains, although luno charges are horrible. So yes, I do use stable coins as FIAT alternative although just on exchanges, I don't store stable coins long term since it's pointless to me.

[Lhaine]

On the other day, I think of the use of stable coins. I mean, when can we use Stable coins as an alternative fiat. You see when a bull run comes and everyone will start to sell their Bitcoins and some other coins into fiat the network will be congested.

So I think if we buy Stable coins with some stable volume, we will no longer need to worry about unable to sell our bitcoin into fiat.
Rather we only need to do this thing right? is this some acceptable alternative or no?

I use Stable coins to trade in pairs to Bitcoin and Ethereum. It is in these trading pairs that the use of stable coins is most profitable and gives a good result. They are very convenient to go during the fall in the price of BTC or ETH. And then go back with minimal losses.

That stable coins can really big help to us traders.  i also do the same things when buy and selling BTC once i feel there is declineof the price iwill convert that imidiately to USDT .

[drumamat]

Actually, one of the best things that happened to crypto are the stable coins indeed. Its the fastest way to lock your gains in this domain, you can't actually gain in crypto (if you're a trader) based on selling your crypto to fiat directly, it simple won't work, because it take time, during that time lots of shit can happen.

Stable coins are great for those who knows when to get out & get in again during discount prices.

I agree with You completely.Other options for using stable coins I do not know.Well, except for the payment of goods or services,where there is a fixed price.The first option is the most acceptable.

[sandra_x]

Stable coins offer a safe haven particularly in bear markets- hep preserve the value of your cryptoassets without needing to convert to fiats.They also serve as a bridge for easier entry into the crypto market.Minting on tether back them always brought some sort of bullish momentum.

[retnoanjani]

I always use stable coins as a trading tool. I think that using stable coins is a good way to lock your profits. The most important thing is to choose the right stable coin.

It is true. This is one of the important tools for trading. Sometimes we are faced with difficult choices, if hold is afraid of prices going down, if it is out but there are still other opportunities, so here is the role of stable coins, maintaining value, so as to maximize opportunities and reduce trading costs as well.

[lousie9]

There are so many things that we can do if the coins will be stable. The market will be on the way. I mean so many things we can do like legalizing it because it is the top problem of all who wanted to make changes in cryptocurrency the volatility. If a specific coin would surpass that volatility and make itself a stable for sure there will be so many people and company would use it. It is still cryptocurrency after all.
Stable coins is good in the economy but not if you've wanted to make profit out of that coin.

Yes, more or less like that because stable coins on the stock exchange or trade have a big impact on the number of investors who are mining. Everyone wants Altcoin to be stable in price, but only a few are categorized as capable, but the current market has not experienced a drastic increase.

[SlimShadyMmp]

Is actually the cheapest way to sell Crypto Issue is there basically or mostly just one stable coin USD no other like Pounds or others so you just have to stick with that but apart from that it makes your work easier and more sublime

[yazher]

If you buy top rated stable coin like Tether and TrueUSD, You will no longer to worry. Two times you can buy stable coin when bear market start and when Bitcoin in bullrun. Now I also support Binance USD coin to use as stable coin.

I also agree with this, the more stable coins we have, the better. especially when the source of such stable coins is from a trusted source like Binance. This is good we need more stable coins because these coins also need some massive volume when a bull run comes.
When the other stable coins are sold out at that time, we can choose another one. so, basically the more stable coins we have in the market the more we can minimize the risk of holding unsellable coins because of the congestion.

[meanwords]

I see what your saying. Yes stable coin is one of the best alternative coin out there to change your Bitcoin to fiat. Because of the creation of stable coins, we wouldn't have to worry about exchanging Bitcoin anymore, we wouldn't have to think about our funds losing its value. If you plan to use stable coin, do it because it's a great alternative.

[dimonstration]

Having stable coin is for those who are scared to risk in the market movement, if we were not to believe that our capital and earnings is not yet in good state, then switching to stable coins can be a solution for peace of mind. If we prefer to wait and once we decide it to trade to alts we wanted. It will only take us away in the idea of seeing our coins too dip or too high. Meaning no profit at some point.

[sammy21]

I see what your saying. Yes stable coin is one of the best alternative coin out there to change your Bitcoin to fiat. Because of the creation of stable coins, we wouldn't have to worry about exchanging Bitcoin anymore, we wouldn't have to think about our funds losing its value. If you plan to use stable coin, do it because it's a great alternative.

this stable coin may help trade and investment because it provides better security for a value that will not be reduced too much. but the steady movement of the coins persists even though there is no other crypto extension. or maybe stable coins also disrupt the growth of altcoin. because trading will be more focused on stable pairs of coins not with other crypto. Does anyone have a view like me?

[spadormie]

You're right. It is actually a safe haven for us in cryptocurrency for us to be saved by some bear market to save our funds from getting harmed. If you're in doubt change your coin to a stable coin, for it to stay on thatkind of amount in USD. It's like a secured amount for your funds.

[lobat999]

If you buy top rated stable coin like Tether and TrueUSD, You will no longer to worry. Two times you can buy stable coin when bear market start and when Bitcoin in bullrun. Now I also support Binance USD coin to use as stable coin.

I also agree with this, the more stable coins we have, the better. especially when the source of such stable coins is from a trusted source like Binance. This is good we need more stable coins because these coins also need some massive volume when a bull run comes.
When the other stable coins are sold out at that time, we can choose another one. so, basically the more stable coins we have in the market the more we can minimize the risk of holding unsellable coins because of the congestion.

Of course! its good for crypto markets if we have alternate stable coins other than Tether because it will naturally increase market liquidity provided that those stablecoins are really backed by fiat currency or any other fixed assets to legitimize it true value.

[hdtqisg]

Stable coins will hold your value when you have not chosen an investment decision in short times. But it will not be suitable for hold in the long time. Because it only has the ability to keep the value or lose value.

[Rikotin]

yes I have stable coins like USDT but I use these investments to exchange instead of the main investment like other cryptowurrency. because I know that stable coins will not get much profit but can minimize losses because the price will not go down and up, I mean moving at a fixed price.

[Metall303]

yes I have stable coins like USDT but I use these investments to exchange instead of the main investment like other cryptowurrency. because I know that stable coins will not get much profit but can minimize losses because the price will not go down and up, I mean moving at a fixed price.

USDT is also now very good for paying for any services. when paying in USDT you are not tied to the exchange rate that changes very quickly for some coins

[cichaescut]

If I am using a stable coins, I always chose DAI, because they are the safest in my opinion. Furthermore, I do not see any use case in other stable coins, because they are usually centralised and manipulated like Tether.

[Sithara007]

If you buy top rated stable coin like Tether and TrueUSD, You will no longer to worry. Two times you can buy stable coin when bear market start and when Bitcoin in bullrun. Now I also support Binance USD coin to use as stable coin.

Who told you that if you purchase USDT or TUSD, you don't have anything to worry? As far as I know, there is no stablecoins out there, which can be trusted. The recent Bitfinex scandal proved that USDT is no longer backed up with real assets (at least not 100% backed up). None of the stablecoins that are currently circulating in the market has completed an independent third party audit of their assets.

Now the Binance USD coin is going to be even more risky. Because it is associated with an exchange. If there is a major hack (Binance was a target of several minor hacks in the past) and the exchange incurs a loss, then this coin can lose its value very rapidly. I am not going to trust any cryptocurrency other than Bitcoin, be it stablecoins such as USDT or altcoins such as ETH.

[Alexandr Kirichenko]

I very rarely use stable coins. This is a tool that is mainly invented for traders. personally, he's useless to me. I don't trust any stable coin. Can be in the future that will change, but now this is so, this simply candy wrappers which nothing not endowed and not backed by in financial equivalent.

[Impaler]

Stable coins are backed by fiat so people don't hold it as investment. But its very useful during convertion. Its not about bull or bear market you can see the volume of stable coin. I used a lots of stable coin.

[Shepard777]

Stable coins are backed by fiat so people don't hold it as investment. But its very useful during convertion. Its not about bull or bear market you can see the volume of stable coin. I used a lots of stable coin.

Please tell me which stable coins you use, since I have been using tether for a long time and have not tried anything else. I don’t like the tether bad news all the time about it. But other alternatives are not credible to me.

[GGmith]

Stable coins only dominate fixed price movements, I observe like USDT, the rise and fall of stable coins depends on dollar price movements. and I don't think it's a bad idea to use stable coins to secure your investment. but I prefer investing in cryptoqurrency which is not a stable coin, even though it's risky.

[Convery]

Thanks to stable coins and platforms like NEXO we can get up to 7% interest per year! This is a huge return that you can't get anywhere else.
But still I see bigger potential in Bitcoin that can make tens of percent per year.

[Bitcoin Seller]

On the other day, I think of the use of stable coins. I mean, when can we use Stable coins as an alternative fiat. You see when a bull run comes and everyone will start to sell their Bitcoins and some other coins into fiat the network will be congested.

So I think if we buy Stable coins with some stable volume, we will no longer need to worry about unable to sell our bitcoin into fiat.
Rather we only need to do this thing right? is this some acceptable alternative or no?

Stablecoins are needed. In many countries, people are helpless in the face of poor economic policies and the devaluation of the national currency. An excellent example is Turkey. When the national currency collapsed, the volume of BTC in local markets increased. However, in this situation, turning to Bitcoin is not the best solution. It allows you to save capital from the weak monetary policy but remains exposed to extreme market volatility. Stablecoins are a more reliable alternative for people with weak economies.

[mihtju]

I also often use the stable coins to lock in profits. But I don't keep them for long. Then withdraw some of them to Fiat, and for the remaining amount I buy bitcoin or altcoins, when their price decreases again.

[nicecrypto]

Stable coins are good in times like this when the on market is on the red, many and not traders use stable coins to maintain the value of  their investment from going down, stable coins is very useful during bear market.

[gaston castano]

stable coin already exist for example USDT and laready many more come like PAX usdc,True usd, so people will not getting worried again, as you say while bull come, people will use fiat for transaction.
of course this alternatif can be accepted.

[target]

The only use of stablecoin I know is to trade is in BTC/USDT, this is best pair to trade when you wanna grow either your USDT and BTC. But what I've also learned we can move our USDT to our ETH wallet. Maybe one day we can spend these USDT and any other stablecoin to spend on something like online stores.

[Pinkris128]

On the other day, I think of the use of stable coins. I mean, when can we use Stable coins as an alternative fiat. You see when a bull run comes and everyone will start to sell their Bitcoins and some other coins into fiat the network will be congested.

So I think if we buy Stable coins with some stable volume, we will no longer need to worry about unable to sell our bitcoin into fiat.
Rather we only need to do this thing right? is this some acceptable alternative or no?

Stable coin can serve as a buffer or to resolve the market. As investment, the stable coins have the reputation in manipulating the market just to survive. Not everyone likes it because they are almost like centralized banks. They also have issues just like what happened to GUSD. Even "partly - centralized" coins still experience volatility.

[studio1one]

I usually use stable coins just for trading purposes never have I hold stable coins for more than a week. But it's true if you keep holding stable tokens you would easily be able to buy/sell tokens.

[pant-79]

Stable coins will hold your value when you have not chosen an investment decision in short times. But it will not be suitable for hold in the long time. Because it only has the ability to keep the value or lose value.

The use of stable coins cannot be over emphasised for me as a trader. I don't hold for long because there's really no profit or loss to be recorded from holding. Even if there's, its quite negligible for me. What I do is trade stable coins against altcoins to cushion market volatility. For example, if I place an order in btc or eth pair with 600 usd worth of coin, if there's a dip, before my order fills, I might come back to meet 300usd worth of eth/btc which is not acceptable by me

[Bitfling]

On the other day, I think of the use of stable coins. I mean, when can we use Stable coins as an alternative fiat. You see when a bull run comes and everyone will start to sell their Bitcoins and some other coins into fiat the network will be congested.

So I think if we buy Stable coins with some stable volume, we will no longer need to worry about unable to sell our bitcoin into fiat.
Rather we only need to do this thing right? is this some acceptable alternative or no?

Stablecoin is used because the cryptocurrency market is still not regulated by many countries, even some banks do not want to be used as a means to transact crypto. If the government regulates the crypto market, I think that stablecoin will gradually be useless because investors will prefer to trade directly using fiat money or even through their banks.

[imstillthebest]

On the other day, I think of the use of stable coins. I mean, when can we use Stable coins as an alternative fiat. You see when a bull run comes and everyone will start to sell their Bitcoins and some other coins into fiat the network will be congested.

So I think if we buy Stable coins with some stable volume, we will no longer need to worry about unable to sell our bitcoin into fiat.
Rather we only need to do this thing right? is this some acceptable alternative or no?

Stablecoin is used because the cryptocurrency market is still not regulated by many countries, even some banks do not want to be used as a means to transact crypto. If the government regulates the crypto market, I think that stablecoin will gradually be useless because investors will prefer to trade directly using fiat money or even through their banks.

but afaik stable coins were also a crypto and you said banks dont accept a crypto ? or unless they have make exemption for stable coins because its back by usd  . regulated or unregulated all users have the ability to convert thier crypto on the payment of thier choice because many platforms online are now offering trades from different range of currencies including cryptos  .  i think stable coins wont be built if they arent better than converting your crypto straight to fiat  . this is why many peeps are still using it

[Taskford]

Stable coins will hold your value when you have not chosen an investment decision in short times. But it will not be suitable for hold in the long time. Because it only has the ability to keep the value or lose value.

The use of stable coins cannot be over emphasised for me as a trader. I don't hold for long because there's really no profit or loss to be recorded from holding. Even if there's, its quite negligible for me. What I do is trade stable coins against altcoins to cushion market volatility. For example, if I place an order in btc or eth pair with 600 usd worth of coin, if there's a dip, before my order fills, I might come back to meet 300usd worth of eth/btc which is not acceptable by me

The one I can see on stable coin is we cannot lose a value when downtrend comes and we can sleep with at ease since we all know that there's nothing gonna happen since whatever the market shape we will get the same value, but it will never empress me really since as a trader also I need volatile or market movement since by this I can earn a profit and I cannot get those if we will go to the stable coins around.

[landoffaucets]

Stable coins are good in a time when you would like to stay in the market but you are waiting for a better price. Example: Bitcoin is falling down, you know it, you exchange BTC for USDT, then wait for a bottom and then you buy back with your USDT. You don´t have to pay fees connected to deposit, withdrawals between crypto and real dollars.  

[minersday]

From my personal observation and some  research, I realized that stable coins are meant to  present the true value of money with no volatility in terms of price fluctuations.  they were developed to help increase the adoption of cryptocurrencies. But I have also realized that, stable coins are mostly as a trading pair to most of the top crypto coins. Investors and traders use stable coins to trade for Bitcoin and altcoins to no the particular rate which the price of a particular  coin is either increasing or decreasing in value.

[Ucy]

From my personal observation and some  research, I realized that stable coins are meant to  present the true value of money with no volatility in terms of price fluctuations.  they were developed to help increase the adoption of cryptocurrencies. But I have also realized that, stable coins are mostly as a trading pair to most of the top crypto coins. Investors and traders use stable coins to trade for Bitcoin and altcoins to no the particular rate which the price of a particular  coin is either increasing or decreasing in value.

"True value" shouldn't depend on fiat currency for value. Cryptocurrency is independent of fiat and its centralizion. This is part of what true value should mean, if you ask me.

Investors and traders use stable coins to trade for Bitcoin and altcoins to no the particular rate which the price of a particular coin is either increasing or decreasing in value.

Agreed. It's one of the main reasons cryptocurrencies are paired with stablecoins. Stablecoin probably won't be necessary in Crypto space when majority of people on earth begin to use cryptocurrency for most of their trading activities.

[magneto]

On the other day, I think of the use of stable coins. I mean, when can we use Stable coins as an alternative fiat. You see when a bull run comes and everyone will start to sell their Bitcoins and some other coins into fiat the network will be congested.

So I think if we buy Stable coins with some stable volume, we will no longer need to worry about unable to sell our bitcoin into fiat.
Rather we only need to do this thing right? is this some acceptable alternative or no?

It's not up to us to decide what the market wants.

If there is demand for these stablecoins they will continue to exist - it's really as simple as that.

While personally I would never really use a stablecoin for anything other than transacting and certainly not anything related to storing value long term, the market with especially larger investors who live areas with ambigious crypto regulations obviously see value in using such means of payment.

I just don't feel like that the added risk of another counterparty is worth it, tbh.

[Bagani]

Actually, one of the best things that happened to crypto are the stable coins indeed. Its the fastest way to lock your gains in this domain, you can't actually gain in crypto (if you're a trader) based on selling your crypto to fiat directly, it simple won't work, because it take time, during that time lots of shit can happen.

Stable coins are great for those who knows when to get out & get in again during discount prices.

I agree, one of the best things created in crypto is stable coins. We all know that almost all of crypto tokens/coins have very high liquidity and for us to take away the liquidity is by buying stablecoins that are stables unlike bitcoin ethereum. But the problem is most stablecoins keep on minting their own token/coin that can fluctuate the total supply. I think this will be problem in the future that stablecoins will not be stable anymore.

[Xxmodded]

Only bitcoin could called stable coin because have good price every moment, with other coin like bch, doge, and bnb look do not stable price with lower. Bitcoin have potential become higher price and keep stable with moment where bitcoin become most profitable than other coin at the next time.

[Mind Control]

Only bitcoin could called stable coin because have good price every moment, with other coin like bch, doge, and bnb look do not stable price with lower. Bitcoin have potential become higher price and keep stable with moment where bitcoin become most profitable than other coin at the next time.

I take that you have no idea what a "stable coin" is. From the name itself, these coins are stable in value. The best example would be Tether. Bitcoin, on the other hand, is very far from being stable. Bitcoin is very volatile, which is the complete opposite of being stable. We've seen Bitcoin go up and down every single day. Your statement, though poses optimisms, is nonsense with respect to the topic at hand.

[spadormie]

So I think if we buy Stable coins with some stable volume, we will no longer need to worry about unable to sell our bitcoin into fiat.
Rather we only need to do this thing right? is this some acceptable alternative or no?

One way or another to cash your money out, you need to convert it to bitcoin.
If there could be way for people to figure out how to cash out your money using tether that would be good.

But also, if you convert btc to stable, the value stays the same. And when bitcoin goes down, and you would like to cashout. The value stays the same when you convert it to bitcoin.

[batang_bitcoin]

The network congestion might happen again but I think that the chances would be very low. Today, the network has improved a lot and those spams before I don't think that they'll be able to do the same thing that we've experienced last bull run. It cost a lot of fees because of them but if you want to transfer through stable coins or store your profit in there, it doesn't matter. But I don't mind transferring it through bitcoin without any intervention of a stable coin.

[XCANA]

Even though am not a fan of stablecoin, I still find them useful to the entire cryptocurrency communities if you know how to trade with them. I always switched to stablecoin when there is a dip on Bitcoin. Doing the conversion from bitcoin to stablecoin have helped me to save much from my loss and also, have helped me to save for the family too. The power of.my backup is in stablecoins and it help.

[dave111223]

I was never a supporter of stable corners. The idea is good, so as not to come out in fiat in difficult times, but I'm not sure that a stable corner, however solid it may be, can cope with a wave of buying or selling.... The stories about tether and bitfinex have even done a lot of damage to the image of crypto...

[Lmaooo]

We need stable coins because they are dollar equivalent in the market. Whenever the market starts going nuts the easiest way to move out is by moving your investments to stable coin to avoid losing money. Stable coins are like shock absorbers in the cryptocurrency market. Just find a better exchange with good trading volume anytime to want to sell your coins you can do it within seconds.   

[pelumi20]

I likewise concur with this, the more stable coins we have, the better. particularly when the wellspring of such stable coins is from a believed source like Binance. This is great we need progressively stable coins on the grounds that these coins likewise need some monstrous volume when a bull run comes.
At the point when the other stable coins are sold out around then, we can pick another. along these lines, essentially the more stable coins we have in the market the more we can limit the danger of holding unsellable coins as a result of the clog.

[Nany79]

I like stable coin and like to use it, but market without altcoins is useless, changes the price make profite, you can buy when price low and sell when price high, so we still need all other coins.

[Google+]

few stable coins have price movements so it is difficult to be able to get profits so I prefer not to use stable coins for trading, but if you are a new trader and want to do long-term traders then stable coins can be one of your choices.

[kooboat]

Stable coins have always been a good attention to cryptocurrencies. Am even glad that we have more than one stable coin to control any incidence of monopoly in terms of charges on various transactions. At least it really helps people who are not really into crypto trading and hence are easily affected by the high volatility of the crypto market.

[Yamifoud]

We aren't still realized the purpose of this creation. Basically, and what we've know about crypto is just an investment but supposedly it was not, it is a currency instead. Bitcoin and Ethereum had already a big role in the market but how about the others? Many coins died because they don't serve anything, they don't have a working product where investors and traders have to buy and used them.
For this market scalability, we could just expect that only stable coins will run in the market for a longer time and have sustainable market gains. And we feel sorry for those who did not.
 

[huu78]

Of course, the alternative was acceptable. Stable coins do not need to worry the price will drop in they remain stable like USDT.
Stable coins are also suitable for transactions in order not to be the anxious prices will drop, people use Fiat for transactions.

[sandra2010]

USDT is somehow stable, but the most important thing that the token increase but most of investors need to gain profits from it.

[arwin100]

few stable coins have price movements so it is difficult to be able to get profits so I prefer not to use stable coins for trading, but if you are a new trader and want to do long-term traders then stable coins can be one of your choices.

If you are into trading and seek profits for volatility then stable coins is not suitable for you since there's no price changes of it and it will only be good for those user who seeks an alternative currency which they wouldn't have to worry for them even if they left there coins for many days.

USDT is somehow stable, but the most important thing that the token increase but most of investors need to gain profits from it.

The one thing annoyed me for Tusd is huge withdrawal fee on binance and it's not good for me since I'm kinda conservative with fee's and profits that's why I prefer TUSD over usdt since TUSD got lower fee and much faster transaction.

[Eugenar]

We need stable coins because they are dollar equivalent in the market. Whenever the market starts going nuts the easiest way to move out is by moving your investments to stable coin to avoid losing money. Stable coins are like shock absorbers in the cryptocurrency market. Just find a better exchange with good trading volume anytime to want to sell your coins you can do it within seconds.   

These are what traders are doing, the purpose of why stable coins are being introduced in the market. But one thing for sure, these cryptocurrencies have their respective advantage over one another. In a sense that, they need each other for each trader to earn profit. One another example of it is the BNB coin and other cryptos that provides a discount on when used in trading. There are also those privacy tokens that are extremely untraceable. Going back to the topic, stable coins is also beneficial for donations or charities, as well as for businesses that want to utilize cryptocurrency in their projects.

[criket]

USDT is my choice now. in daily trading that I do USDT is very helpful. but not for the long term, because the USDT is so risky it suddenly disappears. don't know about LIBRA next year. because their developers say libra will be a stable crypto. maybe traded maybe not. it could be just to support several features on their platform.

[noninum]

Stablecoin is only used to maintain the value of your assets, not rising and not decreasing. People who invest with Stablecoin are those who no longer expect profits from their investments, so that their assets still survive without going up and down.

[LbtalkL]

~

This is the purpose of stablecoins they are designed to minimize the volatility of the price, I don't think it will cause congestion when selling bitcoin into fiat. Often the conversion will happen on a platform or a crypto wallet. Conversion or selling from BTC to Fiat is most likely instant. Simultaneous withdrawal or sending of bitcoin will cause the network to be congested.

[Pearls Before Swine]

I mean, when can we use Stable coins as an alternative fiat.

Why would you want to?  Unless you live in a country like Venezuela that's having an economic crisis and need an alternative to your local currency, there's no need to use a stable coin in place of cash.  There isn't even a good reason to use bitcoin in my opinion, which functions better as an investment than money.

Stable coins generate a lot of discussion, but they aren't very exciting to me and I still haven't figured out what their real function is except as a stand in for fiat and even then only on exchanges where a trader doesn't want to hold actual cash there.  Is there really any other reason to hold a stable coin?

[SanZoldyck]

It is acceptable and I agree, but the coins / tokens are stable only slightly and I only know the usdc and usdt that I often use when bitcoin is falling in price

[bison]

It is acceptable and I agree, but the coins / tokens are stable only slightly and I only know the usdc and usdt that I often use when bitcoin is falling in price

I think that's enough, there are indeed a few more stable coins. but the most popular one I think is indeed USDT. and one more asset that has not even been launched on the market (LIBRA). This stable coin is widely discussed by people even though it has not yet been traded. I guess many people are curious and waiting for how this coin will fight in the market because some large platforms support this coin.

[barabarian1]

On the other day, I think of the use of stable coins. I mean, when can we use Stable coins as an alternative fiat. You see when a bull run comes and everyone will start to sell their Bitcoins and some other coins into fiat the network will be congested.

So I think if we buy Stable coins with some stable volume, we will no longer need to worry about unable to sell our bitcoin into fiat.
Rather we only need to do this thing right? is this some acceptable alternative or no?

yes i think it can be a good alternative. and I'm sure some crypto traders have done this. save profits from trading crypto to stable I think is a great way to save our profits. because stable coins do not have volatility so we can own or spend all profits from our crypto assets. we don't need to worry about the risk of impairment. and if we need fiat money we can also sell it easily.

[pgbit]

I don't think I fully understand your post, is it that you are worried that another bullrun would encourage owners of bitcoin to sell their coins and this would congest the bitcoin network so you are advicing people to keep stablecoin instead so that it would be easier to convert directly to bitcoin instead of converting from fiat? If that's the case, then you might as well tell people to leave their BTC in a centralised exchange so that when they are transacting it in the bullrun, it wouldn't have a direct impact on the blockchain, but then again we all know the dangers of leaving our funds in a centralised exchange, don't we?

[X-ray]

It is acceptable and I agree, but the coins / tokens are stable only slightly and I only know the usdc and usdt that I often use when bitcoin is falling in price

It's slightly though. Sometimes there's indeed the time when the price could be lower than it should actually be which is equal to $1 but the price is not far from $1 anyway and it still can be called stablecoin because the value is floating around that point and will not make the value of your assets change drastically within a night.
It's still arguably the best alternative than cashing out to fiat and is less complex and cheaper when you think about it. Imagine when you need to save your wealth in cash and you still go through the complex mechanism of cashing out to your bank account when you just need it urgently.

[pobeditelvezde]

Well I am pretty sure that there are no absolute stable coins even fiat currencies, precious metals are not stable. Obviously there are more or less stable fiat currencies which are enclosed in some boundaries artificially and a little aberration from such boundaries causes significant economical effects.
So, if you would like find out what is better to buy there is no obvious answer because buying stable coins you hazard much less but indisputably you expectation is much less too. On the other hand buying unstable coins you take high risk because such coins may aberrate significantly but it is possible to multiply own capital in several times.

[ajiz138]

Stable coins are used wherever they are available on any cryptocurrency exchange. This is clearly seen in trading volumes in pairs with stable coins. The first and most reliable stable coin is, of course, USDT. There are many alternatives for her now, but most traders still use USDT.

USDT is a common fiat and I also exchange bitcoin for fiat when bitcoin prices are not stable. This is the same as locking our profits. Stable coins are very useful because they reduce the risk of crypto market voting. When the market has begun to improve, crypto will be exchanged again for Fiat to trade again.

[barnes13]

I don't think it will be like that, because in my opinion stable coins are suitable as payment systems instead of traditional money or other methods, which is not good for investment. I prefer to choose Bitcoin for investment even though it has a very high level of fluctuation but it also brings a big profit for me. We all know the risks, to get big profits we must be prepared if we get a big loss. So, if it is associated with your opinion I think people will continue to invest in bitcoin and other altcoins, they will go hand in hand, Stable coins will also be useful in the future as a stable digital currency based payment instrument by adopting blockchain technology.

[diazepam666]

In centralized market this stable coin alone the best way to keep our fund at safe place and stable for sometime until we need that coin to changed in the exchanges.
Then for long term returns you may wait with stable for sometime and after that we can exchange that coin for BTC any other coins as per wish to make profit.

[Bananington]

On the other day, I think of the use of stable coins. I mean, when can we use Stable coins as an alternative fiat. You see when a bull run comes and everyone will start to sell their Bitcoins and some other coins into fiat the network will be congested.

So I think if we buy Stable coins with some stable volume, we will no longer need to worry about unable to sell our bitcoin into fiat.
Rather we only need to do this thing right? is this some acceptable alternative or no?

I believe you mean if we convert our Bitcoin to stable coins especially when we want to take profit during a market uptrend (or bull run), we no longer need to always convert our Bitcoin to FIAT for that purpose. That's so true if so, I've been converting my coins to USDT especially (sometimes to USDC) when I want to take profit.

[DarkDays]

Well, stablecoins can't be spent in the same stores and are not as globally accepted as fiat.

So you will almost certainly need to have fiat on-hand for something in future.

But overall, there isn't much difference between holding stablecoins and holding fiat.

You do need to consider that there are two fees to pay by using stablecoins as an intermediary though.

Crypto > Fiat = 1 fee
Crypto > Stablecoin > Fee = 2 fees

[tenakha]

In centralized market this stable coin alone the best way to keep our fund at safe place and stable for sometime until we need that coin to changed in the exchanges.
Then for long term returns you may wait with stable for sometime and after that we can exchange that coin for BTC any other coins as per wish to make profit.

I have stopped using them for a long time. Even if the daily volume is too many times more than the marketcap, I doubt about its reliability. At anytime these stable coins that the majority rely on will turn to zero (you can do research on google.). Anyway, if you do not agree with me, you can consider it as the money you ca use on trading. Even if this is stable coin, it may be more useful.

[huige007]

I don't think I fully understand your post, is it that you are worried that another bullrun would encourage owners of bitcoin to sell their coins and this would congest the bitcoin network so you are advicing people to keep stablecoin instead so that it would be easier to convert directly to bitcoin instead of converting from fiat? If that's the case, then you might as well tell people to leave their BTC in a centralised exchange so that when they are transacting it in the bullrun, it wouldn't have a direct impact on the blockchain, but then again we all know the dangers of leaving our funds in a centralised exchange, don't we?

if he was really trying to say that owners will sell out bitcoin during the bullrun or trying to encourage this action, both are not going to happen. Those days are far behind us when people found it hard to trust bitcoin. Time has changed now. Anyone who sells away his bitcoin, is going to regret in the future. There is nothing common between bitcoin and stablecoins. This comparison is pointless. Bitcoin is the best. It is more like he is trying to shoo away bitcoin investors

[bitcoinposts]

2019 we can say this year we have witnessed more stable coins in the market and more companies, banks and even govt coming to launch stable coins in the market

[VDraci]

On the other day, I think of the use of stable coins. I mean, when can we use Stable coins as an alternative fiat. You see when a bull run comes and everyone will start to sell their Bitcoins and some other coins into fiat the network will be congested.

So I think if we buy Stable coins with some stable volume, we will no longer need to worry about unable to sell our bitcoin into fiat.
Rather we only need to do this thing right? is this some acceptable alternative or no?

Stable coins are only useful for trading whereby you have to safe your dollar worth from decreasing in value, apart from this stable coin is of no use, bitcoin and altcoins are capable of bringing bullrun not stable coins

[MiguelCryptoss]

Stable coins stand an important role in preventing great loose from those who understand its usefulness in cryptocurrency industry. Many times before now, I used to swim in loose until I got to know how conversion from volatile coins to stable coins. When bitcoin went up to 14$k and take a downtrend I immediately converted my bitcoin to usdt, till now, am waiting for another uptrend before moving them back to bitcoin.

[Perfect35]

I'm not sure I'm getting your post. It's already an alternative to fiat, isn't it? I mean 1 USDT for example is supposed to be 1 USD and it's easily convertible to physical cash.

You haven't got what I said. Ok, you see when a bull run comes then the price of the bitcoins will suddenly skyrocket when it reaches its full price, most of the holders will sell their bitcoins simultaneously. on that time, the network will be congested if you convert your bitcoins into fiat. so as an alternative, you have an option to sell it into stable coins then sell it later to fiat. did you get it now?

The congestion that will occur when trying to sell your bitcoin to any form of currency, is still the same as what will occur when trying to sell into Fiat or stable coin. It all depends on the users on bitcoin blockchain network at that time and perhaps the website in use

[tippytoes]

I'm not sure I'm getting your post. It's already an alternative to fiat, isn't it? I mean 1 USDT for example is supposed to be 1 USD and it's easily convertible to physical cash.

You haven't got what I said. Ok, you see when a bull run comes then the price of the bitcoins will suddenly skyrocket when it reaches its full price, most of the holders will sell their bitcoins simultaneously. on that time, the network will be congested if you convert your bitcoins into fiat. so as an alternative, you have an option to sell it into stable coins then sell it later to fiat. did you get it now?

The congestion that will occur when trying to sell your bitcoin to any form of currency, is still the same as what will occur when trying to sell into Fiat or stable coin. It all depends on the users on bitcoin blockchain network at that time and perhaps the website in use

I do agree with that. And the potential problem that may arise from stable coins is the actual truth about being pegged to a certain fiat currency or asset. If that stable coin has no real backing which I think most of these stable coins are only bluffing, then, it would cause problem to its users later on. When the project starts to having problems, then its customers may not get the value what they want. Bottomline, still hard to trust those stable coins, they still have the chance to go down to what it is pegged for.

[Bezobraznike]

   Traders use stable coins for trading, when you sell at some price you wish to have that money available for buying, if you
trade with unstable coin you can face with drop and you will have less for next purchase. Stable coins are the best for
traders, but of us holders they don't play important role, we invest in coins and we plan to hold them for longer period, with
hope that price will rise, with stable coins price will always be stable.

[the rise]

And the potential problem that may arise from stable coins is the actual truth about being pegged to a certain fiat currency or asset. If that stable coin has no real backing which I think most of these stable coins are only bluffing, then, it would cause problem to its users later on. When the project starts to having problems, then its customers may not get the value what they want. Bottomline, still hard to trust those stable coins, they still have the chance to go down to what it is pegged for.

if you talk about Usdt, that is certainly true because they are not open about the issue of audit transparency, and they still often print Tether without strong responsibility. But you can try other stable coins like Tusd (trusttoken) because they guarantee their usd reserves with escrow / transparent third parties, there are better stable coin choices in terms of long-term use.

[aemma]

On the other day, I think of the use of stable coins. I mean, when can we use Stable coins as an alternative fiat. You see when a bull run comes and everyone will start to sell their Bitcoins and some other coins into fiat the network will be congested.

So I think if we buy Stable coins with some stable volume, we will no longer need to worry about unable to sell our bitcoin into fiat.
Rather we only need to do this thing right? is this some acceptable alternative or no?

Stable coins is actually a safe heaven for all crypto traders, enthusiasts and so on, whether there is bull run or not most people convert to it for various purposes. For traders to hedge their funds against volatility they convert to USDT and its likes. For most investors who always gets associated with IEO etc, they always keep their funds in stablecoins for easy conversion. So to me, I think Stablecoins are playing a huge role in this space, thus the reason there are more than 1.

[pixie85]

I don't like stablecoins. You don't know what you're buying really. They are based on trust just like fiat but you at least know that your fiar won't lose value in a day. I wouldn't be so sure about stablecoins. They can go bankrupt along with the company that issued them and we don't know how much of them is really backed.

People like them and they use them we can see it by looking at volume. I won't use them but if other traders like them there's a reason for their existence.

[karanggatak]

yes I think stable coins like USDT are good innovations in cryptocurrency. with a stable coin we can store the results of our profits from investing or trading crypto safely. without worrying the surges that are common in other cryptos. and usdt can be used as an ideal payment tool. and also usdt is now in fifth position as CMC's top coin. so I think we need bitcoin to make a profit and we need usdt as a place to save our money.

[Bitfling]

On the other day, I think of the use of stable coins. I mean, when can we use Stable coins as an alternative fiat. You see when a bull run comes and everyone will start to sell their Bitcoins and some other coins into fiat the network will be congested.

So I think if we buy Stable coins with some stable volume, we will no longer need to worry about unable to sell our bitcoin into fiat.
Rather we only need to do this thing right? is this some acceptable alternative or no?

From what I understand, stable coins were created to bridge the purchase of crypto because there were no direct transactions using fiat money at that time. But now there are several exchangers that facilitate deposits and transactions with fiat money directly. If direct transactions using fiat money can be used on all exchangers, I think stable coins will no longer be useful

[kanayaTabitha]

On the other day, I think of the use of stable coins. I mean, when can we use Stable coins as an alternative fiat. You see when a bull run comes and everyone will start to sell their Bitcoins and some other coins into fiat the network will be congested.

So I think if we buy Stable coins with some stable volume, we will no longer need to worry about unable to sell our bitcoin into fiat.
Rather we only need to do this thing right? is this some acceptable alternative or no?

I think yes, the creation of those stable altcoin is to generalize the fiat money for around the world because many countries have each different fiat money. So, with same stable altcoin people can trade fiat between countries and exchanges so it will make people are easily to buy fiat when they think the market is not in a good condition for them to trade.

[BartS]

On the other day, I think of the use of stable coins. I mean, when can we use Stable coins as an alternative fiat. You see when a bull run comes and everyone will start to sell their Bitcoins and some other coins into fiat the network will be congested.

So I think if we buy Stable coins with some stable volume, we will no longer need to worry about unable to sell our bitcoin into fiat.
Rather we only need to do this thing right? is this some acceptable alternative or no?

That is the reason for those coins to exist, selling for fiat was a slow process and if the amount you were selling was too high then your account could be blocked by banks.

Stable coins allows you to sell your bitcoin or altcoins and lock your profits in a very short amount of time, and in a market where the price can change drastically in minutes stable coins perform a very needed function, so despite of what you may hear about those coins they are a nice addition to this market.

[Getmon]

On the other day, I think of the use of stable coins. I mean, when can we use Stable coins as an alternative fiat. You see when a bull run comes and everyone will start to sell their Bitcoins and some other coins into fiat the network will be congested.

So I think if we buy Stable coins with some stable volume, we will no longer need to worry about unable to sell our bitcoin into fiat.
Rather we only need to do this thing right? is this some acceptable alternative or no?

This is already in use this way. A lot of account owners of trading platforms for example are not allowed to move USD from and into their exchange accounts and so they are using stablecoins like USDT instead. There are certain reasons why stablecoins like USDT have a high volume, in fact the highest if I am not mistaken, considering this situation among others.

[llecrf]

On the other day, I think of the use of stable coins. I mean, when can we use Stable coins as an alternative fiat. You see when a bull run comes and everyone will start to sell their Bitcoins and some other coins into fiat the network will be congested.

So I think if we buy Stable coins with some stable volume, we will no longer need to worry about unable to sell our bitcoin into fiat.
Rather we only need to do this thing right? is this some acceptable alternative or no?

The existence of stable coins is only to get convenience when we get profit from trading results, if we use fiat currency, it will incur additional costs to convert from Bitcoin to fiat, stable coins can be used at any time without worrying about the price going down and we can use it without worrying

[oktana]

stable coins with stable volumes do not guarantee smooth transactions, usdt uses erc-20, and a few months ago experienced a network disruption worse than the same thing experienced by bitcoin. effect on the Gas increase option needed to cut the waiting time and transaction duration can be more than 1 day at that time. even so I still make it a favorite coin compared to other stable coins.

[Wysi]

On the other day, I think of the use of stable coins. I mean, when can we use Stable coins as an alternative fiat. You see when a bull run comes and everyone will start to sell their Bitcoins and some other coins into fiat the network will be congested.

So I think if we buy Stable coins with some stable volume, we will no longer need to worry about unable to sell our bitcoin into fiat.
Rather we only need to do this thing right? is this some acceptable alternative or no?

The existence of stable coins is only to get convenience when we get profit from trading results, if we use fiat currency, it will incur additional costs to convert from Bitcoin to fiat, stable coins can be used at any time without worrying about the price going down and we can use it without worrying

Yes that's the main reason why stable coins are I vented and even I use it for the same purpose because there are days when we earn good profit through trading with any crypto Hut we know that the price will dump again then we convert it to stable coins like USDT to retain the profit value instead of losing it. 

[Finestream]

Stable coins are very helpful, actually its good that we are seeing an increase of number of stable coins now.
We convert our bitcoin or any altcoins to stable coins if we are doubtful on its stability, when there is a bull run or the dump, you can also use stable coins to hedge your money from volatility, but it should be done properly, you should have a proper plan doing it.

Cashing out stable coin is not a problem, once the market began to stabilize, you can see it for btc then you can cash it out through usdc or whatever currency in the market that would allow you to covert your btc into fiat.

[kogozer714]

there are many stable coins circulating in the market but there are still many users who use stable USDT coins, some of their crypto markets use BTC, ETH and USDT exchanges, I think that is a fiat alternative.

[Moore234]

The use of stable coins has it's own advantages. It's helpful when market is unstable and you are not sure of the market. I specifically I exchange my assets to stable coin when I see a dip or unsure about the market. Stable coin is very convenient if the market seems to be bearish

[zabir.brutov]

I do not see any use in stable coins, besides keeping the money on exchanges while searching for a market entry point. Besides, the most stable coins are regulated and are backed only by a certain percentage and not in full amount.

[X-ray]

I do not see any use in stable coins, besides keeping the money on exchanges while searching for a market entry point. Besides, the most stable coins are regulated and are backed only by a certain percentage and not in full amount.

Totally wrong, stablecoin backed by funds reserved by the company behind that project with ratio of 1:1 and usually being reviewed by the authority. The sole purpose of this coin is to keep the value of your asset and nothing more. Regulation toward stablecoin is inevitable because it is essentially a centralized coin and if they are backing the coin using dollar then they need to obey the rules.

[barnes13]

I do not see any use in stable coins, besides keeping the money on exchanges while searching for a market entry point. Besides, the most stable coins are regulated and are backed only by a certain percentage and not in full amount.

Besides that function, stable coins are also suitable for online payment instruments. At present we see a lot of shops that provide payment through crypto currencies that don't have a stable value, of course it has an impact if the network is slow. Prices change quickly but transaction speeds cannot match that.

[Xcode7]

I do not see any use in stable coins, besides keeping the money on exchanges while searching for a market entry point. Besides, the most stable coins are regulated and are backed only by a certain percentage and not in full amount.

Besides that function, stable coins are also suitable for online payment instruments. At present we see a lot of shops that provide payment through crypto currencies that don't have a stable value, of course it has an impact if the network is slow. Prices change quickly but transaction speeds cannot match that.

the use of stable coins I think can also be used in online stores, purchasing goods with stable crypto is better in my opinion. as you said that when using a coin which stability is less profitable, people will think twice about making payments with it plus a large fee when using btc payments

[deodivine1]

The use of stable coins has it's own advantages. It's helpful when market is unstable and you are not sure of the market. I specifically I exchange my assets to stable coin when I see a dip or unsure about the market. Stable coin is very convenient if the market seems to be bearish

It's old news to emphasize  the importance of stable coins especially to traders. Infact, most short term trades I do recently are on USDT  pairs looking at the dwindling market situation, even though I convert most of my holdings to BTC when I analyse and perceive an incoming uptrend.
 

[adaseb]

I do not see any use in stable coins, besides keeping the money on exchanges while searching for a market entry point. Besides, the most stable coins are regulated and are backed only by a certain percentage and not in full amount.

Actually you don't need to keep stablecoins on exchanges. Keep in mind that Tether is on the OMNI network which is basically the bitcoin blockchain and the ETH network which runs under the ERC20 network. So you can actually keep it in your wallet on your computer.

This is important because you can actually keep your stablecoins on cold storage. For ETH ERC20 stablecoins you can use a Trezor and for Bitcoin OMNI network Tether you can use the Armory cold storage option and you won't need to worry about them getting stolen like your crypto.

Another good thing about Tether is that you can lend it out on Bitfinex or Binanace and get like 10% interest per year. There is no bank that will ever give you an interest rate that high so its another pro of stablecoins.

[BartS]

The use of stable coins has it's own advantages. It's helpful when market is unstable and you are not sure of the market. I specifically I exchange my assets to stable coin when I see a dip or unsure about the market. Stable coin is very convenient if the market seems to be bearish

When we are in the middle of a bear market that is when stable coins really show their potential because they allow you to get out of the market of cryptocurrencies for a very low fee and it protects your capital from the volatility of the market.

But we must also understand that there is a huge risk if you decide to hold stable coins for a very long time, you are relying on a centralized institution to not lie about the amount of coins that they have in storage and if at some point it is discovered they lied the price of the coin could not be stable anymore.

[bison]

The use of stable coins has it's own advantages. It's helpful when market is unstable and you are not sure of the market. I specifically I exchange my assets to stable coin when I see a dip or unsure about the market. Stable coin is very convenient if the market seems to be bearish

When we are in the middle of a bear market that is when stable coins really show their potential because they allow you to get out of the market of cryptocurrencies for a very low fee and it protects your capital from the volatility of the market.

But we must also understand that there is a huge risk if you decide to hold stable coins for a very long time, you are relying on a centralized institution to not lie about the amount of coins that they have in storage and if at some point it is discovered they lied the price of the coin could not be stable anymore.

because I am a daily trader I feel greatly helped by the presence of a stable asset. the most frequently I use is USDT because most are already listed on many exchanges. indeed some new exchanges do not use the USDT pair and focus more on crypto. but USDT and other stable assets are very helpful for us traders.

[JeffBrad12]

I do not see any use in stable coins, besides keeping the money on exchanges while searching for a market entry point. Besides, the most stable coins are regulated and are backed only by a certain percentage and not in full amount.

Besides that function, stable coins are also suitable for online payment instruments. At present we see a lot of shops that provide payment through crypto currencies that don't have a stable value, of course it has an impact if the network is slow. Prices change quickly but transaction speeds cannot match that.

the use of stable coins I think can also be used in online stores, purchasing goods with stable crypto is better in my opinion. as you said that when using a coin which stability is less profitable, people will think twice about making payments with it plus a large fee when using btc payments

It's probably the regulation that makes that impossible considering that the funds to back up all these stablecoins are issued by the government so the government could lay hand to any stable coin company although I dont really sure. The stability of a stablecoin is indeed something most suitable to be used for the means of payment method but until today I can't see the adoption anywhere else maybe there's some reason behind this since the adoption of a stablecoin should be no brainer because it is practical.

[Blackdeath]

On the other day, I think of the use of stable coins. I mean, when can we use Stable coins as an alternative fiat. You see when a bull run comes and everyone will start to sell their Bitcoins and some other coins into fiat the network will be congested.

So I think if we buy Stable coins with some stable volume, we will no longer need to worry about unable to sell our bitcoin into fiat.
Rather we only need to do this thing right? is this some acceptable alternative or no?

Honestly, i never have tried using stable coins like USDT because stable coins are not profitable like bitcoin and other altcoin. Stable coins are only good for making online transactions and storing your funds when we are at the middle of the bear market, that is why you don't have to worry too much when the market is down. I think it will be much better if we just used fiat than stable coins because they are almost the same.

[BartS]

The use of stable coins has it's own advantages. It's helpful when market is unstable and you are not sure of the market. I specifically I exchange my assets to stable coin when I see a dip or unsure about the market. Stable coin is very convenient if the market seems to be bearish

When we are in the middle of a bear market that is when stable coins really show their potential because they allow you to get out of the market of cryptocurrencies for a very low fee and it protects your capital from the volatility of the market.

But we must also understand that there is a huge risk if you decide to hold stable coins for a very long time, you are relying on a centralized institution to not lie about the amount of coins that they have in storage and if at some point it is discovered they lied the price of the coin could not be stable anymore.

because I am a daily trader I feel greatly helped by the presence of a stable asset. the most frequently I use is USDT because most are already listed on many exchanges. indeed some new exchanges do not use the USDT pair and focus more on crypto. but USDT and other stable assets are very helpful for us traders.

There are many out there that do not like stable coins but they are very useful regardless if you are a trader or an investor, for an investor stable coins are of great help since they can protect you when the market is going down and you do not want to face the the bear market.

And if you are a trader stable coins can help you when the volatility of the market is too high and you prefer to wait until it passes and we can see an example of this today, with the market going down it is better to get stable coins until you think the price has a chance to recover.

[X-ray]

There are many out there that do not like stable coins but they are very useful regardless if you are a trader or an investor, for an investor stable coins are of great help since they can protect you when the market is going down and you do not want to face the the bear market.

And if you are a trader stable coins can help you when the volatility of the market is too high and you prefer to wait until it passes and we can see an example of this today, with the market going down it is better to get stable coins until you think the price has a chance to recover.

The very essence of stablecoin is for the sole purpose of saving wealth from the massive volatility and fluctuation and there's definitely nothing wrong with that. it just acts as a digitalized version of USD and that's a lot better option that directly convert to USD which involves a lot of complication however the problem is if the company have the absolute authority over their coin and as a result they could print money out of thin air while there's no addition to the reserved fund without the public knowing just like happened back in the past and that's a disaster.

[barabarian1]

yes of course it can be used as a good alternative. especially when there is a bear market like now. it would be good if we save our profits from trading or crypto investments in stable coins such as usdt (tether). if we keep money in stable coins we will not suffer losses when the crypto market has declined. and we can also directly buy crypto again with tether. and now also many people use tether for online payments. With the advantages of tetheres, it's no wonder that tether is in fifth position at CMC.

[tianglistrik]

yes of course it can be used as a good alternative. especially when there is a bear market like now. it would be good if we save our profits from trading or crypto investments in stable coins such as usdt (tether). if we keep money in stable coins we will not suffer losses when the crypto market has declined. and we can also directly buy crypto again with tether. and now also many people use tether for online payments. With the advantages of tetheres, it's no wonder that tether is in fifth position at CMC.

if used to hold funds, stablecoin can be used as a reference and may be profitable as well but in the long run. the use of sablecoin I think like that, when used for short-term investments may not provide much benefit

[pobeditelvezde]

On the other day, I think of the use of stable coins. I mean, when can we use Stable coins as an alternative fiat. You see when a bull run comes and everyone will start to sell their Bitcoins and some other coins into fiat the network will be congested.

So I think if we buy Stable coins with some stable volume, we will no longer need to worry about unable to sell our bitcoin into fiat.
Rather we only need to do this thing right? is this some acceptable alternative or no?

I have parked some part of my money in stable coins I mean I am holding some stable coins as well as dollars and I use them to make various transactions. Due to the current market situation investors involve spending quite a lot of time thinking and choosing stable coins to protect own savings. I am not surprised by this fact it is just the consequence of the unstable market which coz investors to be more tight concerning the necessity of saving and protecting own money. Furthermore I would say that stable coins are useful not only when market is unstable.

[armanda90]

On the other day, I think of the use of stable coins. I mean, when can we use Stable coins as an alternative fiat. You see when a bull run comes and everyone will start to sell their Bitcoins and some other coins into fiat the network will be congested.

So I think if we buy Stable coins with some stable volume, we will no longer need to worry about unable to sell our bitcoin into fiat.
Rather we only need to do this thing right? is this some acceptable alternative or no?

I think your opinion is a effective way for fiat holder,we hold on the stable coin like Tether(USDT) which very popular on cryptocurrency.
So we wont trouble if the bitcoin price bull run and network congested.

[andika2018]

From what I understand, stable coins are usually used for trading and are not an investment. Investments should be volatile and the value of stable coins is always based on the dollar value. Maybe I'm wrong but one day the exchanger allows direct deposits from banks, stable coins like USDT will begin to fade

[coingecko]

Stablecoins especially DAI have made the Decentralized Finance (DeFi) movement possible.
Plenty of dapps like Compound, Dharma, DyDx, Synthetix are built on top of the foundation of having a stable currency within the Ethereum network.
The initial use case are indeed interesting, and I am sure we will see more in this grand experimentation if Stablecoins will continue to provide utility in a decentralized manner.

[Bonenx14]

From what I understand, stable coins are usually used for trading and are not an investment. Investments should be volatile and the value of stable coins is always based on the dollar value. Maybe I'm wrong but one day the exchanger allows direct deposits from banks, stable coins like USDT will begin to fade

I do not think that Stablecoin will disappear in the market. the use of stable coins for inter-market transactions and withholding funds for use when trading or investing in other coins. you should know in advance the use of satblecoin

[josephrioveros123]

I think stable coin is as good as fiat. And If you sell your bitcoin or trade your coin into a stable coin it is the same as you trade in fiat currency. Thou that will be good for us not to be congested in some transactions. Because we have an alternative. But the value is the same. Good to have that stable coin on our industry.

[JC btc]

From what I understand, stable coins are usually used for trading and are not an investment. Investments should be volatile and the value of stable coins is always based on the dollar value. Maybe I'm wrong but one day the exchanger allows direct deposits from banks, stable coins like USDT will begin to fade

I do not think that Stablecoin will disappear in the market. the use of stable coins for inter-market transactions and withholding funds for use when trading or investing in other coins. you should know in advance the use of satblecoin

Yes it will not disappear as a matter of fact, there's a lot of stablecoin entering the market nowadays as those dev/core team are also earning from stable coin, although people who are converting their fund have no profit on it, still stablecoins are important if not many people will get rekt and will not use crypto anymore as they can't secure their fund.

[barnes13]

Yes, in my opinion it can be a good alternative. Stable coins are widely used by traders and investors to maintain the value of their assets when the crypto price is being hit by bear season. And they will use it to buy at the right time. Besides that, stable coins also have their own advantages because they have used blockchain technology as their base.

[Longthi_4823_Love]

Coins are hard to moderate. It is safe to say that it is very difficult for us to use stable money as a fiat alternative.

[Landak]

It's quite acceptable, but if everyone sells bitcoin to stablecoin, it mean that the price of bitcoin will continue to stay in the top position? the price fluctuates because of the activity of people buying and selling bitcoin to fiat. I understand, your intention is to avoid networks that accumulate on the blockchain.
But because of that, the more accumulate bitcoin on the blockchain (unconfirmed) usually the price will go up or down, someone's fear to miss a moment of buying and selling in taking an opportunity. That won't happen if everyone does it on bitcoin to stablecoin, it won't have a price impact on Bitcoin.
Stablecoin can be accepted as an alternative fiat, but in fact people will still choose fiat when that moment occurs. so i choose no.

[kodtycoon]

indeed, stable coins should have the advantage of making fiat alternatives where stable coins should be adopted on many payment platforms, but in reality adoption still does not look good for existing stable coins because basically they only make crypto is an asset for investment and take advantage of the crypto investment itself until finally crypto is still difficult to be used as a fiat alternative

[red4slash]

indeed, stable coins should have the advantage of making fiat alternatives where stable coins should be adopted on many payment platforms, but in reality adoption still does not look good for existing stable coins because basically they only make crypto is an asset for investment and take advantage of the crypto investment itself until finally crypto is still difficult to be used as a fiat alternative

Stablecoin does have such a function, another alternative to replace fiat, because in some exchanges there is certainly not much of your country's currency there. the problem of usage is still not focused, because there are still those who consider it as an investment even though I think that stablecoin is used for alternative payments other than fiat

[CarnagexD]

I would consider using Stablecoin when the market is unstable and i will using Stablecoin as a safe box. I think this option will attract a lot of interest.

Stable coins offers a lot of safety with the unbearable market spikes. Most people call it the 'safe haven' in trading, it serves as the purgatory of trading where you can easily enter or exit at any point. USD Tether is the most used stable coin as it is back 1:1 by existing dollars and cash equivalents making it a real digital dollar. However, even it is called stable coin we can't control its deflationary effect and contains a bit volatility.

Indeed this looks naive, but imagine the loss you will get when you sleep while the market is burning red, you can't monitor all your asset all day.

Market is devastating especially on those part time traders that's why they are using either stable coin to provide safety or trading bot to limit their loss. But in my case, I don't use any of those, I just have this style of trading with 8 hours a day, win or lose at exact 8 hours. I believe discipline has saved me all the time.

[dnsokoljuk]

On the other day, I think of the use of stable coins. I mean, when can we use Stable coins as an alternative fiat. You see when a bull run comes and everyone will start to sell their Bitcoins and some other coins into fiat the network will be congested.

So I think if we buy Stable coins with some stable volume, we will no longer need to worry about unable to sell our bitcoin into fiat.
Rather we only need to do this thing right? is this some acceptable alternative or no?

Sure - stable coins like fiat but we dont need to pay huge fee's for withdrawal it. I suggest the most useful USDT (Tether) stable coin because of huge circullation and volume.

[liuqi]

Stablecoins are most commonly used cryptocurrency is in every cryptocurrency exchanges whether it is centralised or decentralized. When the traders with the dried they always have the USD value coins aside and convert that points for cryptocurrency whenever they need and for the purpose of holding the certain percentage of investment.

[Govorrrue]

I am pretty sure that much really depends on the solution. And I am not only talking about just the idea, but much more complex approach. Talking about me, I always pay attention to several factors, including working platform, prospects, value. How does it work for you? Similarly?

[volporg]

I am pretty sure that much really depends on the solution. And I am not only talking about just the idea, but much more complex approach. Talking about me, I always pay attention to several factors, including working platform, prospects, value. How does it work for you? Similarly?

Good evening mate. Yeah, pretty similarly. And no doubt, that analysis is required. But to be honest, there are not many platforms that bring the value you've mentioned. And this is exactly why analysis is essential

[Govorrrue]

Good evening mate. Yeah, pretty similarly. And no doubt, that analysis is required. But to be honest, there are not many platforms that bring the value you've mentioned. And this is exactly why analysis is essential

Exactly. I would say that I am only having 2 most attractive solutions I follow. Other don't simply meet my requirements

[volporg]

Exactly. I would say that I am only having 2 most attractive solutions I follow. Other don't simply meet my requirements

What are the ones? Or well, the most advanced from these 2. Can you share? Interested to compare with whether it meets my requirements

[Tylev]

I'm not sure I'm getting your post. It's already an alternative to fiat, isn't it? I mean 1 USDT for example is supposed to be 1 USD and it's easily convertible to physical cash.

You haven't got what I said. Ok, you see when a bull run comes then the price of the bitcoins will suddenly skyrocket when it reaches its full price, most of the holders will sell their bitcoins simultaneously. on that time, the network will be congested if you convert your bitcoins into fiat. so as an alternative, you have an option to sell it into stable coins then sell it later to fiat. did you get it now?

I don’t understand something. Why buy stable coins now and expect the cryptocurrency market to grow? After all, when the time comes to sell bitcoins and exchange them first for stable coins, regardless of whether your wallets have stable coins, they will still need to be bought when selling bitcoins. In addition, I do not think that there will be a problem with the purchase of stable coins. Now it is stable coins that grow and develop. If China and the USA still issue their national stable coins, they will enjoy the trust of people and there should be no problems with their purchase.

[Crypto5060]

Maybe you could explain your post further. People buy stablecoin for a number of reason, some prefer to trade other coins against stable coins than against fellow coins. Some want to hold stable coin pending when they are willing to invest in another coin, and so on.

[Govorrrue]

What are the ones? Or well, the most advanced from these 2. Can you share? Interested to compare with whether it meets my requirements

Yeah, of course.The most advanced and interesting solution these days for me is Verasity with their VRA token. They are having incredible high trading volume on Binance DEX, so they are favorites in Binance Community Listing program, where people choosing tokens that will be listed on Binance. Of course, requirements of Binance must be met, and Verasity meets them, being in very high demand these days. And what is also important - they are coming with a fully working platform that is used by more than 700k people already

[volporg]

Yeah, of course.The most advanced and interesting solution these days for me is Verasity with their VRA token. They are having incredible high trading volume on Binance DEX, so they are favorites in Binance Community Listing program, where people choosing tokens that will be listed on Binance. Of course, requirements of Binance must be met, and Verasity meets them, being in very high demand these days. And what is also important - they are coming with a fully working platform that is used by more than 700k people already

Wow, insane. You know, it seems that I have already heard of Verasity, but you've impressed me a lot, so I will have a closer look at what the guys are offering. Thank you very much for your recommendation

[zhengqi]

Of course you can use stable coins.  I use them very actively, this is a useful rule. I also believe that stable coins is one of the best inventions.

[minairia3]

Yes, in my opinion it can be a good alternative. Stable coins are widely used by traders and investors to maintain the value of their assets when the crypto price is being hit by bear season. And they will use it to buy at the right time. Besides that, stable coins also have their own advantages because they have used blockchain technology as their base.

I think that's served its purpose as stablecoin, many country have release their own or exchange open it for their convenient such as rubble, China Yuan, Yen, and different that has been introduced. I think this introduced to lessen the hassle of people from country that is very strict to cash in or cash out it's money for crypto and vice versa.

[huu78]

Stablecoin is an alternative to all market problems being bad or not. If when this massive stable coin dump occurs it will stabilize according to the real currency.
Neither is the good stablecoin for the transaction so that the price does not go down as the transaction is unfinished. So alternatives can be very welcome.

[Sithara007]

I'm not sure I'm getting your post. It's already an alternative to fiat, isn't it? I mean 1 USDT for example is supposed to be 1 USD and it's easily convertible to physical cash.

You haven't got what I said. Ok, you see when a bull run comes then the price of the bitcoins will suddenly skyrocket when it reaches its full price, most of the holders will sell their bitcoins simultaneously. on that time, the network will be congested if you convert your bitcoins into fiat. so as an alternative, you have an option to sell it into stable coins then sell it later to fiat. did you get it now?

Still the point is not clear. Even if you convert your Bitcoin to stablecoins such as USDT or USDC, the coins needs to be moved and it will add to the network congestion. So what difference it makes, whether I sell my coins to fiat currency, or to stablecoins? On the other hand, the step which you had proposed will add additional effort and waste our valuable time. On top of that, you need to pay the exchange fee multiple times. There is also an additional risk factor of storing the stablecoin in the exchanges for extended periods of time.

[Ifezanku]

I actually don't think of any use of stable coin than hedging. Also I do use it to keep the money that I want to spend in a month and the reason for this is because of its stability. Stablecoin is meant to protect our assets from volatility and I think this is what many of us use it for

[auntyjmary]

The use of a stablecoin is a good way to make payment anytime. It is always a painful experience to see the price of your coins falling while you are away from cryptocurrencies for awhile. I guess the right approach has always been to switch to a stable cryptocurrency, Stablecoins has always been a  good alternative for individuals who are not very active on the crypto market.

[CarnagexD]

I'm not sure I'm getting your post. It's already an alternative to fiat, isn't it? I mean 1 USDT for example is supposed to be 1 USD and it's easily convertible to physical cash.

You haven't got what I said. Ok, you see when a bull run comes then the price of the bitcoins will suddenly skyrocket when it reaches its full price, most of the holders will sell their bitcoins simultaneously. on that time, the network will be congested if you convert your bitcoins into fiat. so as an alternative, you have an option to sell it into stable coins then sell it later to fiat. did you get it now?

Still the point is not clear. Even if you convert your Bitcoin to stablecoins such as USDT or USDC, the coins needs to be moved and it will add to the network congestion. So what difference it makes, whether I sell my coins to fiat currency, or to stablecoins? On the other hand, the step which you had proposed will add additional effort and waste our valuable time. On top of that, you need to pay the exchange fee multiple times. There is also an additional risk factor of storing the stablecoin in the exchanges for extended periods of time.

What he has said will cost a lot of time, effort and money. Maybe he's losing his point, If I were a trader and sold my bitcoins for good and want to taste it, why would I buy stable coin? If I can directly convert it to fiat. I will just suffer from transaction fees I have to pay If I do that, in your suggested direction. Stable coins are good for providing exit and entry point without converting to fiat.Talking about network traffic is a waste of time dude, it could handle thousands or even a million of transaction in a minute, you don't have to reason that out. I think he's just messing with you man.

[RussiaUkraineTranslation]

CBDCs will make stablecoins obsolete.

[bonyaserg]

Personally, I chose that the most stable coin is Ethereum. Since I always invest free money in this promising coin. And if you suddenly need money, I sell Ethereum and always have a good profit. So for me, Ethereum is a very stable coin. Since this coin is an excellent income and investment.

[kostepanych2]

I don't trust stable coins...
I think they can turn into scam in every moment. Also, governments may want to kill them...
So I think, stable coins can be used only for short-term holdings.
But I hope, they will be much more reliable in future and we will be able to use them like fiat currency...

[btcdie]

I don't trust stable coins...
I think they can turn into scam in every moment. Also, governments may want to kill them...
So I think, stable coins can be used only for short-term holdings.
But I hope, they will be much more reliable in future and we will be able to use them like fiat currency...

as you thought, stable coins can also turn into fraud. the beginning of the creation of a stable coin must really be real, like 1 Tether = there must be real fiat money worth $ 1 USD or like 1 stable coin = one gram of gold. People could run away later, like bubbles (exploding and disappearing). one of the functions of a stable coin is to save assets when the market trend is down and handle it, like the current example BTC -10%.

Not too hopeful with a stable coin, I think paypal is quite useful. it's just that stable coins are very helpful for traders.

[mirgo1791]

users of  customs with product and service  from blockchain developer might defines of one with decision on managing business as applying selection to use of token on tasks with exchange and gains with benefit as appealing works on manage with the task on accounting.


londo sing pidato kae gak  ning kene jam  4 subuh...
ether redcoin sa keneke

[BartS]

There are many out there that do not like stable coins but they are very useful regardless if you are a trader or an investor, for an investor stable coins are of great help since they can protect you when the market is going down and you do not want to face the the bear market.

And if you are a trader stable coins can help you when the volatility of the market is too high and you prefer to wait until it passes and we can see an example of this today, with the market going down it is better to get stable coins until you think the price has a chance to recover.

The very essence of stablecoin is for the sole purpose of saving wealth from the massive volatility and fluctuation and there's definitely nothing wrong with that. it just acts as a digitalized version of USD and that's a lot better option that directly convert to USD which involves a lot of complication however the problem is if the company have the absolute authority over their coin and as a result they could print money out of thin air while there's no addition to the reserved fund without the public knowing just like happened back in the past and that's a disaster.

That is definitely a problem, stable coins require that we trust the entity releasing their coins and that they are backing each one of their tokens with one dollar or whatever fiat currency they are using.

And many do not like this because those coins are basically the cryptocurrency version of fiat and we need to trust a centralized institution to not deceive us, but despite all the points against it we cannot deny their usefulness and they have helped this market to grow faster than what it could have happened without them.

[shaheer001]

Stable coins are a great entry in crypto trading platforms as these stable coins always save you from a big loss and when you realize market going up then you can convert with crypto coins as per the platform trading altcoins.

[SolarWindMiningCompany]

I don't trust stable coins...
I think they can turn into scam in every moment. Also, governments may want to kill them...
So I think, stable coins can be used only for short-term holdings.
But I hope, they will be much more reliable in future and we will be able to use them like fiat currency...

I do not totally agree with you because all you have to do is trade with the more reputable stable coins like usdc and usdt andif you are skeptic that one may turn out to be scam, then maybe cryptocurrency is not for you because any of the cryptos can liquidate or even assumed to be scam but that doesn't mean its scam. As for me, I do most of my trades against usdt on exchanges because while I set my price and wait to buy low, stability is important for me

[dnsokoljuk]

On the other day, I think of the use of stable coins. I mean, when can we use Stable coins as an alternative fiat. You see when a bull run comes and everyone will start to sell their Bitcoins and some other coins into fiat the network will be congested.

So I think if we buy Stable coins with some stable volume, we will no longer need to worry about unable to sell our bitcoin into fiat.
Rather we only need to do this thing right? is this some acceptable alternative or no?

I think that we only can trust in such stable coins like USDT. But now I found a something new and very promising - it USD0. I have very big hopes in this coin.

[nicecrypto]

Stable coins are imported part of this space i think, most people preserve their assets value with stable coins because of the high volatile nature of the market,  infact coins that paired in stable coins only hardly suffers so much decline in price like the ones on btc pairs, trading with stable coins at this time when the market is down is more safer than btc.

[huige007]

I don't trust stable coins...
I think they can turn into scam in every moment. Also, governments may want to kill them...
So I think, stable coins can be used only for short-term holdings.
But I hope, they will be much more reliable in future and we will be able to use them like fiat currency...

I do not totally agree with you because all you have to do is trade with the more reputable stable coins like usdc and usdt andif you are skeptic that one may turn out to be scam, then maybe cryptocurrency is not for you because any of the cryptos can liquidate or even assumed to be scam but that doesn't mean its scam. As for me, I do most of my trades against usdt on exchanges because while I set my price and wait to buy low, stability is important for me

Stable coins are no doubt, better options than many new altcoins that later on prove to be scam. Usdt is trusted and supported by many investors and the coin definitely is not scam. If it was the case ever, we already would have lost it. Moreover, not all the coins are weak or frauds. We can doubt any coin but having such thoughts regarding bitcoin or ethereum makes no sense when they have survived so far.

[letyouearn]

Stable coins are good for Crypto/USD trading, but I would be very careful when considering them as an instrument for holding your fiat money in longterm... Don't really trust these projects.

[starblocks]

What you are referring to is hedging and there are many stablecoins suitable for doing so depending on which reputable exchange you are dealing with including the most popular which are Tether (USDT), USD Coin (USDC), True USD (TUSD), Binance USD (BUSD), and Gemini Dollar (GUSD) just ensure the markets you're trading in have enough liquidity and low fees and always store any sizable amount of cryptocurrency in a hardware wallet for safe keeping and most of the top hardware wallets have support for those stablecoins

[sayaya17]

Maybe if every country has a stable coin in the form of crypto and not fiat, I could have kept the stable coin because it was authorized by the government in our country. But for now I do not use stable coins, I am more pleased with LTC or ethereum, because they are also stable and profitable if we sell in a state of going up, and then they will return to stable.

[Fatimahcrypto]

On the other day, I think of the use of stable coins. I mean, when can we use Stable coins as an alternative fiat. You see when a bull run comes and everyone will start to sell their Bitcoins and some other coins into fiat the network will be congested.

So I think if we buy Stable coins with some stable volume, we will no longer need to worry about unable to sell our bitcoin into fiat.
Rather we only need to do this thing right? is this some acceptable alternative or no?

I can personally say that stable coin like USDT is a great alternative for fiat. This is because the USDT has stood the test of time and conquered several Obstacles and challenges at several occasions. I trust that the USDT would serve when am unable to exchange my tokens for fiat and want a way out

[BartS]

Stable coins are a great entry in crypto trading platforms as these stable coins always save you from a big loss and when you realize market going up then you can convert with crypto coins as per the platform trading altcoins.

Stable coins really shine when the market is going down, anyone that was able to sell when the market was going down during the previous days saved himself many headaches.

And if that person had a good trading system and was able to buy at the bottom and bought when bitcoin was at 6500 then not only he was able to get more bitcoin for his fiat but now for each coin that he bought he has got a 1000 dollars in profits in a matter of days which is not too bad if you ask me.

[Kingairdrop]

On the other day, I think of the use of stable coins. I mean, when can we use Stable coins as an alternative fiat. You see when a bull run comes and everyone will start to sell their Bitcoins and some other coins into fiat the network will be congested.

So I think if we buy Stable coins with some stable volume, we will no longer need to worry about unable to sell our bitcoin into fiat.
Rather we only need to do this thing right? is this some acceptable alternative or no?

stable coins are currently the most used pairs now. New projects no longer wants to pair their tokens with btc and eth alone they also want it to be paired with usdt, busd, usdc,paxful and the rest. it has gotten to a point where new projects dont even want to have any other pair aside USD. so i believe the time has changed and this is a welcome idea by project owners and cryptocurrency exchanges. thanks

[alt-fire]

On the other day, I think of the use of stable coins. I mean, when can we use Stable coins as an alternative fiat. You see when a bull run comes and everyone will start to sell their Bitcoins and some other coins into fiat the network will be congested.

So I think if we buy Stable coins with some stable volume, we will no longer need to worry about unable to sell our bitcoin into fiat.
Rather we only need to do this thing right? is this some acceptable alternative or no?

That is not bad idea - to invest in stable coin. But this stable coin should be trusted and have a good volume. Such good is like USDT or USDC. That is much trusted coins. Another good stable coins can arrive but need more time.

[royalfestus]

Maybe if every country has a stable coin in the form of crypto and not fiat, I could have kept the stable coin because it was authorized by the government in our country. But for now I do not use stable coins, I am more pleased with LTC or ethereum, because they are also stable and profitable if we sell in a state of going up, and then they will return to stable.

Except for the store of value for profit in cryptocurency, Government authorizing or producing stable coin is just a way to protect laundering of fund in countries with corruption, and I dont think there is a country without corruption, it might only be concealed. it might be difficult to monitor the movement if adequate block-chain technology is not put in place. If I checked very well most people after the last bullrun move their money into fiat later on, though not all details are spell our here among investors

[Yamifoud]

snipped...

Except for the store of value for profit in cryptocurency, Government authorizing or producing stable coin is just a way to protect laundering of fund in countries with corruption, and I dont think there is a country without corruption, it might only be concealed. it might be difficult to monitor the movement if adequate block-chain technology is not put in place. If I checked very well most people after the last bullrun move their money into fiat later on, though not all details are spell our here among investors

I'd never think that it is all about market corruption concerns why the Government allowing us to have crypto. This is all because they saw that the use of stable coins could minimize the risk of losing due to its volatility. Price fluctuation is the reason why most people are afraid of investing in crypto. However, if we are only investing those high potential coins in the market, it can be assured that we make money from them even though the volatility still evident. 

[lolgato1]

On the other day, I think of the use of stable coins. I mean, when can we use Stable coins as an alternative fiat. You see when a bull run comes and everyone will start to sell their Bitcoins and some other coins into fiat the network will be congested.

So I think if we buy Stable coins with some stable volume, we will no longer need to worry about unable to sell our bitcoin into fiat.
Rather we only need to do this thing right? is this some acceptable alternative or no?

That is not bad idea - to invest in stable coin. But this stable coin should be trusted and have a good volume. Such good is like USDT or USDC. That is much trusted coins. Another good stable coins can arrive but need more time.

What the...? Invest into stable coin? Are you kidding? Do you think that you are really investing? It is something like to say, I am going to invest into american dollar. 

[BartS]

On the other day, I think of the use of stable coins. I mean, when can we use Stable coins as an alternative fiat. You see when a bull run comes and everyone will start to sell their Bitcoins and some other coins into fiat the network will be congested.

So I think if we buy Stable coins with some stable volume, we will no longer need to worry about unable to sell our bitcoin into fiat.
Rather we only need to do this thing right? is this some acceptable alternative or no?

That is not bad idea - to invest in stable coin. But this stable coin should be trusted and have a good volume. Such good is like USDT or USDC. That is much trusted coins. Another good stable coins can arrive but need more time.

What the...? Invest into stable coin? Are you kidding? Do you think that you are really investing? It is something like to say, I am going to invest into american dollar. 

You don't seem to understand that everything is an investment, if you are holding all your savings in your national currency then you are invested in that currency, and if for some reason it begins to lose value against the rest of the currencies then you are losing money.

It is the very same concept that allows you to trade bitcoin against the dollar and if you can sell it and buy it at the right time you can get more bitcoin in return, so I do not really understand why you are so surprised that something like that can be done and sometimes it is even a desirable thing to do.

[setialovers]

snipped...

Except for the store of value for profit in cryptocurency, Government authorizing or producing stable coin is just a way to protect laundering of fund in countries with corruption, and I dont think there is a country without corruption, it might only be concealed. it might be difficult to monitor the movement if adequate block-chain technology is not put in place. If I checked very well most people after the last bullrun move their money into fiat later on, though not all details are spell our here among investors

I'd never think that it is all about market corruption concerns why the Government allowing us to have crypto. This is all because they saw that the use of stable coins could minimize the risk of losing due to its volatility. Price fluctuation is the reason why most people are afraid of investing in crypto. However, if we are only investing those high potential coins in the market, it can be assured that we make money from them even though the volatility still evident. 

In my opinion, stable coins are only useful for traders when facing fluctuating market movements so that the value of their portfolio does not decrease. But if every exchanger starts to receive a deposit using fiat money, I think stable coins will start to be disused and people will use fiat money more because it is more practical

[BartS]

snipped...

Except for the store of value for profit in cryptocurency, Government authorizing or producing stable coin is just a way to protect laundering of fund in countries with corruption, and I dont think there is a country without corruption, it might only be concealed. it might be difficult to monitor the movement if adequate block-chain technology is not put in place. If I checked very well most people after the last bullrun move their money into fiat later on, though not all details are spell our here among investors

I'd never think that it is all about market corruption concerns why the Government allowing us to have crypto. This is all because they saw that the use of stable coins could minimize the risk of losing due to its volatility. Price fluctuation is the reason why most people are afraid of investing in crypto. However, if we are only investing those high potential coins in the market, it can be assured that we make money from them even though the volatility still evident. 

In my opinion, stable coins are only useful for traders when facing fluctuating market movements so that the value of their portfolio does not decrease. But if every exchanger starts to receive a deposit using fiat money, I think stable coins will start to be disused and people will use fiat money more because it is more practical

It seems obvious to me that you have never tried to exchange your bitcoin or any altcoins for fiat, first of all no exchange that respects itself will allow you to withdraw fiat without verifying your identity, something that many people in this market dislike.

Second your bank will probably ask where you got that money and there is a possibility they could close your account and even if you get your money to your bank account all of this will take several days, for all of those factors and many more we have stable coins.

[Apened]

Well i don't like stable coins just because it is less volatile in my opinion. Now where the current situation is many of the new aspiring tokens or coins is floating like libra waiting for the SEC to approve their proposals that they include of being a stable curreny to be use in relation with fiat if i am right.

[desticy]

You can still lose your money invested in stable coins if something happens to the projects that these coins provide.
Or, for example, any major jurisdiction may change the status of stable coins, which will entail changes in the entire market under this jurisdiction.
In general, I would not recommend keeping your funds in stable coins in the long run. In the short term, this is an indispensable element of the market.

[biddicoin]

<snip>

That is not bad idea - to invest in stable coin. But this stable coin should be trusted and have a good volume. Such good is like USDT or USDC. That is much trusted coins. Another good stable coins can arrive but need more time.

What the...? Invest into stable coin? Are you kidding? Do you think that you are really investing? It is something like to say, I am going to invest into american dollar. 

You don't seem to understand that everything is an investment, if you are holding all your savings in your national currency then you are invested in that currency, and if for some reason it begins to lose value against the rest of the currencies then you are losing money.

It is the very same concept that allows you to trade bitcoin against the dollar and if you can sell it and buy it at the right time you can get more bitcoin in return, so I do not really understand why you are so surprised that something like that can be done and sometimes it is even a desirable thing to do.

but, but, but.... investing has to choose the good place to do. if we choose the low volality or even very low (FIAT), it isnt worth it
low volality cant get you good return ofc. and that's opposite with investing defition.
that looks like to safe your money value than investing your money.

[Argoo]

On the other day, I think of the use of stable coins. I mean, when can we use Stable coins as an alternative fiat. You see when a bull run comes and everyone will start to sell their Bitcoins and some other coins into fiat the network will be congested.

So I think if we buy Stable coins with some stable volume, we will no longer need to worry about unable to sell our bitcoin into fiat.
Rather we only need to do this thing right? is this some acceptable alternative or no?

I can’t understand something why to buy stable coins in advance and what role they will play in selling bitcoins after some time. If you worry about the timely purchase of bitcoins, then the preliminary purchase of stable coins would be logical. However, if we want to sell a certain amount of bitcoins, then stable coins are enough for everyone. You certainly should not worry about this.

[nekonyun]

At present, stable coins for fiat alternatives are already available such as usdt, PAX, USDC and others. Of course stable coins being a fiat alternative is very helpful if the price of bitcoin is down we can buy stable coins to buy bitcoin later

[K4C]

When the bullrun comes, people tend to sell their Bitcoin because the price is high, the price is not high now so there is no reason to sell it now and hold stablecoin since the Stablecoin doesn't I crease in price, the aim is to make profit and not just to hold a Cryptocurrency, whether stablecoin or Bitcoin or any other major Altcoins or even shitcoins.

[nikki4]

On the other day, I think of the use of stable coins. I mean, when can we use Stable coins as an alternative fiat. You see when a bull run comes and everyone will start to sell their Bitcoins and some other coins into fiat the network will be congested.

So I think if we buy Stable coins with some stable volume, we will no longer need to worry about unable to sell our bitcoin into fiat.
Rather we only need to do this thing right? is this some acceptable alternative or no?

I can't accept this thought because people can't know when to sell Bitcoin to Fiat coin. This is our imagination because we were sold our Bitcoin to Fiat coin. For your money safe and don't trust in pump or dump than you can stay in stable coin. You should alert with stable coin to buy anycoin anytime.

[Tcode53]

Cross border payments can be made quickly with cryptocurrencies. Backing crypto tokens with stable fiat currency or assets can add more value and build more trust among investors and users. Stable coins are quintessential in the crypto world

[irixo10]

Stable coins are actually one of the things which makes trading good and less worrisome, maybe from my own opinion. With stable coins you don't actually need to worry about your trading gains dropping in value as you can easily move to stable coin if the market shows signs which aren't favourable. Also, apart from exchanges am yet to see other places where stable coins are used, which makes me to believe that their uses lies within exchanges.

[oktana]

You can still lose your money invested in stable coins if something happens to the projects that these coins provide.
Or, for example, any major jurisdiction may change the status of stable coins, which will entail changes in the entire market under this jurisdiction.
In general, I would not recommend keeping your funds in stable coins in the long run. In the short term, this is an indispensable element of the market.

if one day a problem occurs, various changes in the status and stable coin rules do not make it fail in a short time.

I think there will be a migration process and a switching system with procedures that can be done, I read various documents from stable coins that are strong enough to guarantee their reserves against the conditions that will arise, and only usdt are different from the others and according to what you don't recommend.

[Kiefner]

It's a great alternative. I also often use stable coins. This is a very necessary and useful invention. If you need to lock in profits, then using stable coins is the best thing to do.

[BartS]

Stable coins are actually one of the things which makes trading good and less worrisome, maybe from my own opinion. With stable coins you don't actually need to worry about your trading gains dropping in value as you can easily move to stable coin if the market shows signs which aren't favourable. Also, apart from exchanges am yet to see other places where stable coins are used, which makes me to believe that their uses lies within exchanges.

This is exactly right, without stable coins it will be impossible to retain your profits except by cashing out and get fiat in return, but not only will that be very troublesome, that will take money out of the market that maybe will never come back.

Stable coins give to us the ability of getting an asset that gives you protection when the market is crashing but at the same time you're still part of the market and you can get back in it in just a few minutes which is a great advantage that stable coins have over fiat.

[Xcode7]

It's a great alternative. I also often use stable coins. This is a very necessary and useful invention. If you need to lock in profits, then using stable coins is the best thing to do.

I think almost every coin can have a stable price, depending on when you buy and when you sell, the ups and downs in cryptocurrency in my opinion is a natural thing to live how our mental readiness and a good strategy in choosing a good coin for short-term investment, long-term medium, and long term.

[TastyChillySauce00]

It's a great alternative. I also often use stable coins. This is a very necessary and useful invention. If you need to lock in profits, then using stable coins is the best thing to do.

I think almost every coin can have a stable price, depending on when you buy and when you sell, the ups and downs in cryptocurrency in my opinion is a natural thing to live how our mental readiness and a good strategy in choosing a good coin for short-term investment, long-term medium, and long term.

There's no such thing as a stable price for cryptos that is not considered as stablecoin. The price always changing every minute and to be honest, even the money that's used to back up most of stablecoins isn't stable either. It's just our mind to consider stablecoin as "stable" because it's always priced on a 1:1 ratio of the currency used to backup and the capitalization matches with the reserved fund.

[BartS]

It's a great alternative. I also often use stable coins. This is a very necessary and useful invention. If you need to lock in profits, then using stable coins is the best thing to do.

I think almost every coin can have a stable price, depending on when you buy and when you sell, the ups and downs in cryptocurrency in my opinion is a natural thing to live how our mental readiness and a good strategy in choosing a good coin for short-term investment, long-term medium, and long term.

Have you ever take a look at any chart of the price of bitcoin? There are many adjectives that we can use to describe bitcoin but if there is one that I will never use to describe bitcoin is the word stable, bitcoin is never going to be stable because it is not in its nature to be but that is not really problem because you can use fiat currencies to give you that stability if that is what you want.

Despite the criticisms that many people direct at stable coins without a doubt they serve a very useful function and we cannot understand this market without them.

[Sithara007]

As of now, the main purpose is to use as an alternative to fiat currency, in regions where the usage of fiat is prohibited in the cryptocurrency exchanges. Although this present a loophole, the users still face a lot of challenges while converting their stablecoins to fiat cash. Since the exchanges prohibit such conversion, they need to travel to a country or territory where doing so is legal. As a result, most of the users tend to keep their stablecoins in the exchange itself, without ever converting it to hard cash. And in case the exchange gets hacked or closed down, then they will lose the money.

[HabiebRiziq]

It's a great alternative. I also often use stable coins. This is a very necessary and useful invention. If you need to lock in profits, then using stable coins is the best thing to do.

I think if we dare to take risks and believe the decisions we make based on what we observe then I personally will not choose to invest or trade using stable coins, stable coins are suitable for people who want to play it safe and are not in a hurry to invest in. a coin. But I think stable coins cannot give us many times the profit, if we can look for opportunities from other coins I think we can get a big profit.

[Henrytrust]

This alternative is quite logical. Several persons may be unable to convert their cryptocurrency into fiat immediately, but the wise alternative is to convert to USDT or other stable coin which could be easily converted into fiat or other cryptocurrencies, when we're ready to sell.

[Zionatin]

I think it is good to prepare for what's to come during bear markets. Imagine if you sold some bitcoin when it was at $13k a little while ago? You sold it for stable coin and now you can slowly sell off your stable coin when you need to or reinvest it into bitcoin which increases the amount you hold. So I say yes to stable coins for sure.

[Lottoshi]

Why would you want to use stable coins as fiat when the current digital money is still so convenient, stable coins have no advantages.
Stable coins’ main usage now remains in exchanges outsource onramping somewhere else.

[senin]

On the other day, I think of the use of stable coins. I mean, when can we use Stable coins as an alternative fiat. You see when a bull run comes and everyone will start to sell their Bitcoins and some other coins into fiat the network will be congested.

So I think if we buy Stable coins with some stable volume, we will no longer need to worry about unable to sell our bitcoin into fiat.
Rather we only need to do this thing right? is this some acceptable alternative or no?

Most likely, in advance you need to buy stable coins that have a trading pair on exchanges, in order to then buy the necessary cryptocurrency that has gone bad. For the sale of cryptocurrencies, stable coins are not needed. Then we will buy them ourselves, exchanging for cryptocurrency.

[swivel1983@gmail.com]

Of course Yes. I believe that this is a very necessary tool in investing in the crypt. It is not always possible to fix profits in fiat and then come to the aid of stable coins.

[Adriano2010]

I think stable coins are used to buy fast a crypto coins when need and not wait to send from card to an exchange and buy after pay with card, and we need this stable coins as long as we can't just pay with crypto all we need.

[Moeda]

On the other day, I think of the use of stable coins. I mean, when can we use Stable coins as an alternative fiat. You see when a bull run comes and everyone will start to sell their Bitcoins and some other coins into fiat the network will be congested.

So I think if we buy Stable coins with some stable volume, we will no longer need to worry about unable to sell our bitcoin into fiat.
Rather we only need to do this thing right? is this some acceptable alternative or no?

This means that with a stable coin we do not need to sell Bitcoin into fiat currency, so we can immediately make real transactions using stable crypto. I think this is an amazing idea. And I hope this works. Because the current use of crypto is not optimal. Only rely on the exchange between crypto with crypto.

[deathcode]

This means that with a stable coin we do not need to sell Bitcoin into fiat currency, so we can immediately make real transactions using stable crypto. I think this is an amazing idea. And I hope this works. Because the current use of crypto is not optimal. Only rely on the exchange between crypto with crypto.

but are you aware of what is happening now makes the growth of crypto value, especially altcoin, disrupted by the presence of stable coins? we used to trade with every trade using BTC or ETH even with other large coins. but now you can see how USDT or other stable coins disrupt altcoin growth. we don't need to save altcoin when we trade BTC using USDT. and for daily trading, of course, it will be more profitable and safer.
but what you need to remember is that stable coins in the crypto market are still crypto. they have movements that are affected by trading and the crypto market situation. they are not fiat like the ones in your wallet.

[aomakun]

I think stable coins are used to buy fast a crypto coins when need and not wait to send from card to an exchange and buy after pay with card, and we need this stable coins as long as we can't just pay with crypto all we need.

I also believe that Stablecoin has a quite useful place, which you say may be one of its uses and for me, its use is not much different because I use Stablecoin on world exchanges where there is no fiat. and I think as long as its usefulness is still much needed then Stablecoin has a place in crypto

[stephanirain]

On the other day, I think of the use of stable coins. I mean, when can we use Stable coins as an alternative fiat. You see when a bull run comes and everyone will start to sell their Bitcoins and some other coins into fiat the network will be congested.

So I think if we buy Stable coins with some stable volume, we will no longer need to worry about unable to sell our bitcoin into fiat.
Rather we only need to do this thing right? is this some acceptable alternative or no?

It will take a lot of time to take crypto, specifically stable coins, to replace the functions of fiat. Many people in this industry still needs fiat to live in everyday basis. But I also do share opinion of using stable coins in this way is the best way to use it. I also do hope that the use of this kind of financial activity will be seen more often in the society. It is still a long road, but it's all worth the effort.

[Barbarian]

On the other day, I think of the use of stable coins. I mean, when can we use Stable coins as an alternative fiat. You see when a bull run comes and everyone will start to sell their Bitcoins and some other coins into fiat the network will be congested.

So I think if we buy Stable coins with some stable volume, we will no longer need to worry about unable to sell our bitcoin into fiat.
Rather we only need to do this thing right? is this some acceptable alternative or no?

You are describing precisely the reason why we have stable coins to begin with, exchanges realized that if you wanted to go from fiat to bitcoin or from bitcoin to fiat that could take a lot of time, time that you do not have when the price is moving really quickly, and this is especially true if you are a day trader in which a few seconds can be the difference between getting profits or getting losses, in order to solve that issue they decided to create stable coins that function very much like fiat but without many of the problems that come with it.

[TheClownSong]

Binance, one of the big exchangers, has provided direct transactions with fiat money and I think stable coins will slowly reduce their transactions. More and more exchangers provide direct transaction facilities with fiat money, I think investors will prefer this path because it is easier and safer

[Spider A4]

It's a great alternative. I also often use stable coins. This is a very necessary and useful invention. If you need to lock in profits, then using stable coins is the best thing to do.

I think almost every coin can have a stable price, depending on when you buy and when you sell, the ups and downs in cryptocurrency in my opinion is a natural thing to live how our mental readiness and a good strategy in choosing a good coin for short-term investment, long-term medium, and long term.

This is very low period of stability in every coin after that big dump coming when you have no alternative way to keep it stable without USDT and other stable coins. Every traders using it i think they will be very helpful to control asset management. For long term invested coins never will stable price.
USDT is able to great effort if you are looking for good one in my personal opinion.

[Moeda]

This means that with a stable coin we do not need to sell Bitcoin into fiat currency, so we can immediately make real transactions using stable crypto. I think this is an amazing idea. And I hope this works. Because the current use of crypto is not optimal. Only rely on the exchange between crypto with crypto.

but are you aware of what is happening now makes the growth of crypto value, especially altcoin, disrupted by the presence of stable coins? we used to trade with every trade using BTC or ETH even with other large coins. but now you can see how USDT or other stable coins disrupt altcoin growth. we don't need to save altcoin when we trade BTC using USDT. and for daily trading, of course, it will be more profitable and safer.
but what you need to remember is that stable coins in the crypto market are still crypto. they have movements that are affected by trading and the crypto market situation. they are not fiat like the ones in your wallet.

Yes, you are right. Indeed the presence of a stable coin kills many altcoins in the context of trade. But we cannot control stable coin growth. If we look, every day the growth of stable coins is increasing, for example USDT. Is this thought by altcoin experts. In fact they support stable coin growth. We as traders have no problem with this. Even this will have a positive impact on us.

[tuchenvi]

actually i think stablecoin is the great things in cryptomarket. it's useful as an alternative of fiat money and i'm actively research interesting  stablecoin projects and defi to invest

[DEMER]

actually i think stablecoin is the great things in cryptomarket. it's useful as an alternative of fiat money and i'm actively research interesting  stablecoin projects and defi to invest

oh just today saw an interesting announce about stablecoin dex - xsigma, maybe you'll be interested: https://www.nasdaq.com/press-release/zk-internationals-subsidiary-xsigma-corporation-launches-its-blockchain-defi-protocol.

[Dollar_Hunter]

We already understand the stable use of coins for the present,
because crypto currency is still an alternative to fiat,
of course if you want to use stable coins in the real world you still can't because you have to convert them to Fiat first.

[InwardContour]

actually i think stablecoin is the great things in cryptomarket. it's useful as an alternative of fiat money and i'm actively research interesting  stablecoin projects and defi to invest

You research on stablecoin to invest in? I'm still trying to comprehend what you mean by that. Stablecoins for sure are very necessary, traders mostly use them to lock profit when the market is unstable. For me especially, when trading altcoins, I prefer USDT pair so that when my sell target fills or stop loss hits, the funds will be in USDT which is not volatile compared to other alts.

[tuchenvi]

actually i think stablecoin is the great things in cryptomarket. it's useful as an alternative of fiat money and i'm actively research interesting  stablecoin projects and defi to invest

oh just today saw an interesting announce about stablecoin dex - xsigma, maybe you'll be interested: https://www.nasdaq.com/press-release/zk-internationals-subsidiary-xsigma-corporation-launches-its-blockchain-defi-protocol.

yes thank you, looks credible, will check them

[Menawi12]

actually i think stablecoin is the great things in cryptomarket. it's useful as an alternative of fiat money and i'm actively research interesting  stablecoin projects and defi to invest

You research on stablecoin to invest in? I'm still trying to comprehend what you mean by that. Stablecoins for sure are very necessary, traders mostly use them to lock profit when the market is unstable. For me especially, when trading altcoins, I prefer USDT pair so that when my sell target fills or stop loss hits, the funds will be in USDT which is not volatile compared to other alts.

I think it's pointless to invest in stablecoins because their value is flat. In my opinion, stablecoins were created because at that time not many exchangers accepted credit or debit card deposits and this helped people to transact easily in the crypto market. But currently, many exchangers facilitate investors to deposit using credit or debit cards, but I think the use of stablecoins will still continue, especially when there is a central bank plan to make crypto or digital money.

[Farma]

it is very good indeed to take advantage of the stable coins to sell the assets we have when the bull run arrives. I also think about it this time. however, it all depends on how you use the assets you have. most people choose bitcoin, or altcoin to take advantage of its up and down price. choosing stable coins as the first deposit box is a good idea when you are selling the assets you have. but choosing it at the beginning of the investment, stable coins will not have a growing price.