The use of stable coins or no?

[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.

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[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.