The use of stable coins or no?

[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.

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[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.