Bitcoin using or need! Vs stable coins

[Sahyadri]

Bitcoin might not be that successful when it comes to it being a currency. Not many people are accepting it pr for that matter ready to spend it.

But when it comes to being an alternative investment option, agree it or not, bitcoin is performing quite well. Bitcoin has beaten all the traditional form of investment in ROI successfully this year. Isn't that enough a reason for any trader to diversify and invest a part in crypto which is the most reliable crypto in the world.

Stable currency are good enough when it comes to money transfers across the countries. But the main inflow of money in crypto comes for trading purposes and bitcoin is solving that purpose pretty well.

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[EdenHazard]

So stable coins are pegged to fiat currency 1:1
Fiat currency is DEBT based.
The bigger the debt the bigger the demand for fiat currencies! 

In economy boom yes fiat currency value is less but when recession is there... Then the fiat currency will be on hands of few.

So debt is what Gives value to fiat currencies! 

I disagree with your point. It doesn't matter how big the country's debt is as long as the financial growth is carrying it the economy of the country can still improve in any standpoint therefore still increasing the value of their fiat currency, just take a look at USA where there debt is one of the biggest in the world yet there GDP is big that it outweighs the debt they carry. This just show their ability to payback their debt and it doesn't diminish the value of their fiat because of it. Also your statement about how the fiat currency's value will decrease because of the "economy boom" is wrong because its actually the opposite of what will happen as it actually increases the value of the fiat currency because the financials will reflect on it.

+1 There's no one , no country in debt-free ...

the difference is how industrialized nations such as US or Japan or France who has the biggest GDP could maintain their debt into something productive and profit is the outcome in the end. Least developed countries couldn't / struggle to maintain their debt into profit and that's the barometer of how much worth their currency value indirectly.
Anyways I'm not a big fan of stable coins , at least until there's a project that could offer more transparency than the current stable coins available in the market like tether. We need a stable cryptocurrency indeed to spend daily but not with USDT platform.

[iamsange]

Bitcoin might not be that successful when it comes to it being a currency. Not many people are accepting it pr for that matter ready to spend it.

But when it comes to being an alternative investment option, agree it or not, bitcoin is performing quite well. Bitcoin has beaten all the traditional form of investment in ROI successfully this year. Isn't that enough a reason for any trader to diversify and invest a part in crypto which is the most reliable crypto in the world.

Stable currency are good enough when it comes to money transfers across the countries. But the main inflow of money in crypto comes for trading purposes and bitcoin is solving that purpose pretty well.

Right, although not to be best as currency, people will still pick bitcoin as main investment rather than stable coin. And with that, they will use stable coin to be something like payment or transfer money from 1 place to another without need to afraid with it's volatile and only that benefit they they will get. But in general, bitcoin is central of crypto and wouldn't replaced or can't compared with any altcoin.

[crossabdd]

what happens if bitcoin does not exist / is not created. will blockchain technology be created? what pioneered the blockchain? the value of bitcoin is the result of the technology it carries. and we need the technology that it carries. while a stable coin is its value adopted from real currencies. maybe bitcoin has no other function except just for trading, but it is Bitcoin that makes us need the technology.

[Getmon]

what happens if bitcoin does not exist / is not created. will blockchain technology be created? what pioneered the blockchain? the value of bitcoin is the result of the technology it carries. and we need the technology that it carries. while a stable coin is its value adopted from real currencies. maybe bitcoin has no other function except just for trading, but it is Bitcoin that makes us need the technology.

The idea of a blockchain can be traced back before Bitcoin used it, most probably even before the name Satoshi Nakamoto was created. As early as 1990s, it is already existing. Although Satoshi Nakamoto made use of it and improved on it and made it very popular today, it is not fully his own. So even if Bitcoin is not existing or not created at all, the blockchain technology would probably still be used by companies right now. Perhaps the use of blockchain with currency is the original work of Satoshi. Please correct me if I'm wrong.

[S4VV4S]

Bitcoin is needed for trading and for investments that expect profit, while Stablecoin you can only maintain the value of your assets without any changes. Stablecoin born because the price of Bitcoin is very volatile so that we can lose or increase our assets quickly. With Stablecoin the value of your assets still stable at any time.

[ohyeahhaha122]

You can see that even though there are many more powerful coins that have appeared later, bitcoin has never left its top spot, why ?, because it is like a symbol of the cryptocurrency world. , has a huge market cap, something irreplaceable, unless something goes wrong for bitcoin

[supercanada1]

Bitcoin might not be that successful when it comes to it being a currency. Not many people are accepting it pr for that matter ready to spend it.

But when it comes to being an alternative investment option, agree it or not, bitcoin is performing quite well. Bitcoin has beaten all the traditional form of investment in ROI successfully this year. Isn't that enough a reason for any trader to diversify and invest a part in crypto which is the most reliable crypto in the world.

Stable currency are good enough when it comes to money transfers across the countries. But the main inflow of money in crypto comes for trading purposes and bitcoin is solving that purpose pretty well.

The need of present time is not digital currency but an asset that can help in improving financial health. Bitcoin indeed was created for the sole purpose of being used as a digital medium of exchange. However, it come out to be something better than that. Still, bitcoin is being usd at places as a currency. With mass adoption, it will be able to do what it was created for. This is just a matter of time.

[bitbunnny]

Trading is based on Bitcoin volatility. If it wasn't that feature there will be also no trading, volatility is the reason why traders make profit.
On the other hand that is not good stability of economic or financial system. Imagine how would look like if you were paid in voalatile currency or if economy would depend on volatile coins, that is not good for prosperity. That is why we need stable coins and why Bitcoin will not become mainstream currency.

[fiulpro]

You know I think it depends on the person using the Bitcoins and other currencies.
If he is doing something that involves governmental stairs then he would be more comfortable using the money and local currency also the same case when you are doing anything local.
But when you for an example are working online and the person who is hiring you is from like the opposite part of the world I think Bitcoins would be the choice if the payment since you won't have to go through everything.
Therefore I think it depends.

[BartS]

WHO need Bitcoin and Why anyone Will use Bitcoin? If we have stable coins wich You can transfer around the world all Ready instantly
And They are stable.

Bitcoin is Not money Bitcoin is gamble, One day You put money in Other day You might lose it.

There is no clear way to predict btc price either.



So Why we exacly need Bitcoin? 


Year 2019 who need Bitcoin?? 
Year 2020 who need?  And who Will be using Bitcoin year 2025  

Bitcoin Will lose all the power If there is no clear Reason Why would we need btc and how we gona use it. 

Day traders swing traders... Don't keep Bitcoin alive for too Long all They do is trading btc with each other, there is no profit but Will be losses.

But look at the stable coins They are stable and have same aspects as Bitcoin has, so Can anyone explain to me who or why Will need Bitcoin?

Those stable coins will not exist at all if bitcoin did not existed and if bitcoin disappeared then those stable coins will disappear as well, but what will happen to bitcoin if stable coins disappeared?

Absolutely nothing, bitcoin will be fine and will continue as if nothing happened, when you understand this it is easy to see which coin is the leader and which coin is the one that depends on the other, unlike many members in the forum I see the need for stable coins but make no mistake this market belongs to bitcoin.

[desticy]

By and large, stable coins are nothing more than market-based instruments that allow you to somewhat expand the functionality of the crypto market itself.
Whether stable coins would exist if there were no bitcoin is a big question, however, the technology somehow does not stand still, which means sooner or later development would come to the creation of cryptographic currencies.

In other words, the current methods of storing information and databases themselves are pushing technology to create something like decentralized and more secure than before.
Therefore, I think the creation of cryptography was only a matter of time.

[Triffin]

By and large, stable coins are nothing more than market-based instruments that allow you to somewhat expand the functionality of the crypto market itself.
Whether stable coins would exist if there were no bitcoin is a big question, however, the technology somehow does not stand still, which means sooner or later development would come to the creation of cryptographic currencies.

In other words, the current methods of storing information and databases themselves are pushing technology to create something like decentralized and more secure than before.
Therefore, I think the creation of cryptography was only a matter of time.

Imagining the digital coin market existence without bitcoin is not possible. Bitcoin laid the foundation of all crypto coins, whether stable or not. None of them could ever created without the mother of crypto currencies. Blockchain is not a very new concept but the first implementation of it can be considered bitcoin and every system of the world can improve itself with integrating this technology.

[ReiMomo]

Bitcoin is very profitable when you are using on it in trading, the volatility on it will give traders profit and the fluctuation will have to circulate Bitcoin and others make a profit while others are in loose. Stable coins like fiat are still useful because when bitcoin too much deep we can switch into stable coin and cut the losses. The real concept here why the reason there are many people believed in bitcoin because of it good to have profit and investment.

[jostorres]

Let me ask you a question OP: what do you think about those that invested in Bitcoin and became millionaires after some years, do you think they are fools as well? Because my life changed for the better when I started investing my money in Bitcoin. So, does that mean that we are all fools? Lol. Well, I'd rather be than be someone who is broke.

Nobody is forcing you to be part of this, no one is forcing you to invest in Bitcoin, it's your choice. And no one forced you to be part of this community, but you still came here. I know for sure that you invest in Bitcoin, but here you are calling people that does the same fools, lol, which you know for sure that you're one. It's not a good idea man, you shouldn't say such about people when you know for sure that we all are not the same.

[BartS]

Let me ask you a question OP: what do you think about those that invested in Bitcoin and became millionaires after some years, do you think they are fools as well? Because my life changed for the better when I started investing my money in Bitcoin. So, does that mean that we are all fools? Lol. Well, I'd rather be than be someone who is broke.

Nobody is forcing you to be part of this, no one is forcing you to invest in Bitcoin, it's your choice. And no one forced you to be part of this community, but you still came here. I know for sure that you invest in Bitcoin, but here you are calling people that does the same fools, lol, which you know for sure that you're one. It's not a good idea man, you shouldn't say such about people when you know for sure that we all are not the same.

There are many newbies out there that are making the mistake of investing in something that they do not really understand, so even if they invest in bitcoin and they have definitely selected one of the best investments that a person could make since they do not know anything about it, it can still be considered to be a bad investment.

But for the people that have been in this market for several years and know very well what they're doing bitcoin is by far the best investment that they could have made.

[elewton]

Year 2019 who need Bitcoin?? 
Year 2020 who need?  And who Will be using Bitcoin year 2025  

Bitcoin Will lose all the power If there is no clear Reason Why would we need btc and how we gona use it. 

Day traders swing traders... Don't keep Bitcoin alive for too Long all They do is trading btc with each other, there is no profit but Will be losses.

But look at the stable coins They are stable and have same aspects as Bitcoin has, so Can anyone explain to me who or why Will need Bitcoin?

The high demand for bitcoins is due to its high price and these are the fomo effects. meaning people tend to chase after rising assets and then they will go up. Like real estate, when land prices go up, people seem to pour money to buy it and expect a rich future. Everyone is like that because money is extremely important in this life. Therefore, people are always chasing after money and they are not afraid of fraud because many people now realize that bitcoin has great growth potential. The reason is simply that.

[JeffBrad12]

By and large, stable coins are nothing more than market-based instruments that allow you to somewhat expand the functionality of the crypto market itself.
Whether stable coins would exist if there were no bitcoin is a big question, however, the technology somehow does not stand still, which means sooner or later development would come to the creation of cryptographic currencies.

In other words, the current methods of storing information and databases themselves are pushing technology to create something like decentralized and more secure than before.
Therefore, I think the creation of cryptography was only a matter of time.

Imagining the digital coin market existence without bitcoin is not possible. Bitcoin laid the foundation of all crypto coins, whether stable or not. None of them could ever created without the mother of crypto currencies. Blockchain is not a very new concept but the first implementation of it can be considered bitcoin and every system of the world can improve itself with integrating this technology.

Even without bitcoin all these stablecoin will just become useless coin with no real use and just have fancy name. Despite being stable the adoption of these stablecoins are lacking and I can't see it being used for a better purpose other than just a temporary store of value and trade pair. The whole reserved fund also controlled by private companies meaning middle man and that's too risky. I would even consider bank as a safer option than this one.

[Twentyonepaylots]

By and large, stable coins are nothing more than market-based instruments that allow you to somewhat expand the functionality of the crypto market itself.
Whether stable coins would exist if there were no bitcoin is a big question, however, the technology somehow does not stand still, which means sooner or later development would come to the creation of cryptographic currencies.

In other words, the current methods of storing information and databases themselves are pushing technology to create something like decentralized and more secure than before.
Therefore, I think the creation of cryptography was only a matter of time.

Imagining the digital coin market existence without bitcoin is not possible. Bitcoin laid the foundation of all crypto coins, whether stable or not. None of them could ever created without the mother of crypto currencies. Blockchain is not a very new concept but the first implementation of it can be considered bitcoin and every system of the world can improve itself with integrating this technology.

Even without bitcoin all these stablecoin will just become useless coin with no real use and just have fancy name. Despite being stable the adoption of these stablecoins are lacking and I can't see it being used for a better purpose other than just a temporary store of value and trade pair.

Well we must also think that stable coins were created because of the bitcoin, since bitcoin started the revolutionary digital currency. Even if what coin could have invented way back then, there will be a stable coin to be created for safe value storage.

The whole reserved fund also controlled by private companies meaning middle man and that's too risky. I would even consider bank as a safer option than this one.

Yes it is true, just think of it if no one has a control on it, do you think there will be stability on price at all?
 What do you mean by the risk? Stable coins were made just to unit an account temporarily like when you are trading and the market behaves wildly so what will be your safe haven, obviously these stable coins. That is why we have stable coins right now.

[BartS]

By and large, stable coins are nothing more than market-based instruments that allow you to somewhat expand the functionality of the crypto market itself.
Whether stable coins would exist if there were no bitcoin is a big question, however, the technology somehow does not stand still, which means sooner or later development would come to the creation of cryptographic currencies.

In other words, the current methods of storing information and databases themselves are pushing technology to create something like decentralized and more secure than before.
Therefore, I think the creation of cryptography was only a matter of time.

Imagining the digital coin market existence without bitcoin is not possible. Bitcoin laid the foundation of all crypto coins, whether stable or not. None of them could ever created without the mother of crypto currencies. Blockchain is not a very new concept but the first implementation of it can be considered bitcoin and every system of the world can improve itself with integrating this technology.

Even without bitcoin all these stablecoin will just become useless coin with no real use and just have fancy name. Despite being stable the adoption of these stablecoins are lacking and I can't see it being used for a better purpose other than just a temporary store of value and trade pair. The whole reserved fund also controlled by private companies meaning middle man and that's too risky. I would even consider bank as a safer option than this one.

Recently there has been a lot of attention given to stable coins and all of this started when Facebook decided that they wanted to release their own coin, and now even if those plans are nothing but a dream it started a conversation about whether or not stable coins were the future of this market, and I think we can safely conclude that is not the case.

Without bitcoin not a single one of those coins will be here and if a private institution tries to release a coin like that it will face the same problems that Facebook has faced.