The use of stable coins or no?

[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