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Author Topic: Bitcoin using or need! Vs stable coins  (Read 1150 times)
HarmonyA
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January 06, 2020, 11:44:19 PM
 #141

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 Huh 

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?

I can perceive the manipulation of the bitcoin market by crypto whales. Stable coins are pegged to an already existing currency,  this make it relatively reliable that Bitcoin  in a layman knowledge of investment.
But Bitcoin carries an intrinsic value that outweighed the value of stable coins.
Traders would prefer trading with bitcoin and banking on stable coins in order to sustain their investment profits.
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December 15, 2021, 06:46:16 AM
 #142

Bitcoin is a cryptocurrency business. This business has earned a good name in the world. It is sharing its good role in the economy of world. We need to use it for earning. We need it to do business. We need it for a good activity. We need it to learn about cryptocurrency. We need it to get knowledge and experience. So bitcoin is a stable coin that has more than done decade of life this time. So Bitcoin is a coin that we need to use to know about advanced technology and E-commerce.

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December 15, 2021, 10:32:12 AM
 #143

people need bitcoin for their salary, for profit. we can use crypto as payment, around the world, but that coin must be stable, no up down value, it have same cost in every country. every country can create their own coin than make regulation about it, so poeple there some equally between each country.

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December 15, 2021, 01:55:36 PM
 #144

bitcoin is a product of today's developments. High volatility is currently the hallmark of cryptocurrencies, this is not without reason, we know price formation occurs because of supply and demand, with the lack of bitcoin users causing whales to make movements as they wish, but I think the more countries that legalize it, bitcoin will eventually become will become more stable

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December 16, 2021, 04:13:18 PM
 #145

Well, for starters, they're both cryprocurrencies but hey, these two have almost nothing in common and they do have a big difference as for its uses and for the people. Stablecoins is also a digital currency with a value tied by the local currencies or US Dollar for example, and these coins are completely centralized because its value or market price is controlled by central banks which makes it less risky to invest and trust on. While bitcoin, is also a digital currency and is a complete decentralized meaning there's no authorities that is controlling it or who watches every transactions made into the system. It's value isn't backed by any currency or commodities which makes it extremely volatile. But bitcoin has proved its existence for more than a decade now and it remains the most trusted cryptocurrency of all time.

It's a matter of where you trust your funds to invest, no one is pursuing you where. It's your decision where.

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December 16, 2021, 09:38:04 PM
 #146

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 Huh 

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?
One can can't predict what can happen in the future or in the coming years, as nobody knows how cryptocurrency market will be today, stablecoin are made stable to make holding easy so as to access the crypto market safely. Bitcoin has a very bright future in the entire crypto world, if you think people will not adopt bitcoin just flash back 3-4 years back, the entire crypto market is not as if is today, because today many people now notice how important cryptocurrency is to them so they adopt crypto, so it's not yet over for bitcoin, there is more time.

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December 16, 2021, 11:56:07 PM
 #147

You do not get it at all do you? Firstly stablecoins are usually backed up by some real coin - Which means that they are subject to inflation. Second, you have a huge third party risk in using them: you have to trust the issuer and the guarantor of the value. If all you want is to move money around, you have a banking system that mostly allows you to do so 100 times a day if you want. Bitcoin is not about that, it is a peer to peer transaction system that is TRUSTLESS. Basically quite the opposite of what you get on the so called stable coins.

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December 17, 2021, 11:25:00 PM
 #148

Will I Invest my hard earned real money into Bitcoin??  The answer is no!  Will anyone who is in rational mind Will Invest in btc??  The answer is clear no!! 

Will I Invest into stable coins?  The answer is yes!!  Stable coins are the best Thing what Ever happened!  Clearly but Bitcoin is not. 

If I have 100 usdt I know I have it   but 1 btc...  Welll one day 7000 Other day 8000...

I dont think Bitcoin can survive for long If there is no outside help!! 

The swinging 7000-8000 price range is coz of the same Old crypto currency traders trade with each other... So one day joe Win jack s btc and next day jacks wins joe's btc and Exchanger Will take fee...

Traders Not Winners Here!

Then why you're here in crypto if you don't want to invest in bitcoin? Did you know that bitcoin gives people freedom to invest and earn? Bitcoin is very useful in many ways. Also bitcoin is decentralized digital currency that no single authority can control it but the stable coins is centralized on which the value is stable and controlled by the banks. Bitcoins volatilty gives people huge earning if they know how to manage their bitcoin investment.

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December 19, 2021, 04:18:13 PM
 #149

people need bitcoin for their salary, for profit. we can use crypto as payment, around the world, but that coin must be stable, no up down value, it have same cost in every country. every country can create their own coin than make regulation about it, so poeple there some equally between each country.

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December 20, 2021, 12:55:47 AM
 #150

people need bitcoin for their salary, for profit. we can use crypto as payment, around the world, but that coin must be stable, no up down value, it have same cost in every country. every country can create their own coin than make regulation about it, so poeple there some equally between each country.
And that's what really going to happen soon. CBDC's will be having their share and that's what the banks are going on for.

Every cryptocurrency is good as payment as long as there's someone who's willing to accept it as a payment. That's what cryptocurrencies are for, with or without a stable value as long as there's a demand.

Anyone can opt for it as payment.

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December 20, 2021, 11:45:37 AM
 #151

people need bitcoin for their salary, for profit. we can use crypto as payment, around the world, but that coin must be stable, no up down value, it have same cost in every country. every country can create their own coin than make regulation about it, so poeple there some equally between each country.
And that's what really going to happen soon. CBDC's will be having their share and that's what the banks are going on for.

Every cryptocurrency is good as payment as long as there's someone who's willing to accept it as a payment. That's what cryptocurrencies are for, with or without a stable value as long as there's a demand.

Anyone can opt for it as payment.
but that may only happen at the time of interpersonal purchases, as it is difficult for large companies to accept cryptocurrencies as long as the government has not legalized it. but in the future I think if the situation and conditions support the development of the digital world, and are relevant for use, I don't think the government will turn a blind eye

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December 20, 2021, 11:42:20 PM
 #152

It's a shame the OP hasn't been active for a long time LOL


So Why we exacly need Bitcoin? 

only bankers should have questions like this

Bitcoin is needed so that humans can freely transact with others easily, efficiently and without large fees

why bankers don't like bitcoin? because they know that to control the world and humans have to control money

and fiat is a failed product (maybe stable coin too) LOL



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December 25, 2021, 04:04:07 AM
 #153

And that's what really going to happen soon. CBDC's will be having their share and that's what the banks are going on for.

Every cryptocurrency is good as payment as long as there's someone who's willing to accept it as a payment. That's what cryptocurrencies are for, with or without a stable value as long as there's a demand.

Anyone can opt for it as payment.
but that may only happen at the time of interpersonal purchases, as it is difficult for large companies to accept cryptocurrencies as long as the government has not legalized it. but in the future I think if the situation and conditions support the development of the digital world, and are relevant for use, I don't think the government will turn a blind eye
As said, it depends on the transaction and the agreement of both parties. So if both agree, that's enough for one to receive the agreed crypto in payment.

And relying on the government's rule, it's really one of the reasons why others don't want to accept payment in crypto.

But if there's no regulation stopping them to receive and send crypto as payment, there's no problem.

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December 25, 2021, 04:55:42 PM
 #154

I don't think bitcoin can be a stable coin because bitcoin will always have up and down price movements that will never make the price of bitcoin stable, indeed in the future nobody will know that bitcoin can still be used or not but you should know that bitcoin is still potentially good for the future.

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December 25, 2021, 06:09:45 PM
Merited by The Sceptical Chymist (2)
 #155

I don't think bitcoin can be a stable coin because bitcoin will always have up and down price movements that will never make the price of bitcoin stable,
Do you know what the real reason is? It is because bitcoin is a decentralized currency that no one can control it except to regulate its users. You can't expect bitcoin to be stablecoin although in the future its adoption could be more developed. Bitcoin will remain decentralized even if the government is able to regulate its users to be centralized.

Because bitcoin is a currency or asset that function like a currency, it can be used to make payment to anyone who wants to receive it. Its function as a currency, of course, bitcoin can be used in any case such as paying, betting or storing it. The OP may need to read more about bitcoin to broaden his horizons, bitcoin is not gambling although some people invest or trade like gambling (no analysis and only hope).

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December 25, 2021, 07:56:43 PM
 #156

In terms of the transactional value of bitcoin, you're right, stables do provide that.

But when it comes to storage of value for the long run, this is something that stables absolutely cannot do given that they are tied to traditional forms of fiat instead of BTC which is a decentralized protocol that can never be inflated beyond its schedule.

And that, arguably is the biggest advantage of BTC.

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December 27, 2021, 12:17:46 PM
 #157

It's a shame the OP hasn't been active for a long time LOL


So Why we exacly need Bitcoin? 

only bankers should have questions like this

Bitcoin is needed so that humans can freely transact with others easily, efficiently and without large fees

why bankers don't like bitcoin? because they know that to control the world and humans have to control money

and fiat is a failed product (maybe stable coin too) LOL




Many times not even the bankers, because the bankers know the value of BTC, what they do is be against it, but I am sure they own BTC, they cannot refuse money, and obviously BTC represents money and a lot with the option to continue multiplying In addition to the benefits that BTC has on the traditional economy, that it is deflationary and not managed by third parties is something unique, I think that the lack of control is why many are against BTC. At least that type of economy is unique and superior to the traditional one.

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December 29, 2021, 01:19:25 PM
Merited by LUCKMCFLY (4)
 #158

It's a shame the OP hasn't been active for a long time LOL


So Why we exacly need Bitcoin? 

only bankers should have questions like this

Bitcoin is needed so that humans can freely transact with others easily, efficiently and without large fees

why bankers don't like bitcoin? because they know that to control the world and humans have to control money

and fiat is a failed product (maybe stable coin too) LOL




Many times not even the bankers, because the bankers know the value of BTC, what they do is be against it, but I am sure they own BTC, they cannot refuse money, and obviously BTC represents money and a lot with the option to continue multiplying In addition to the benefits that BTC has on the traditional economy, that it is deflationary and not managed by third parties is something unique, I think that the lack of control is why many are against BTC. At least that type of economy is unique and superior to the traditional one.


It is true than bankers will hold some bitcoin at this point in time, as it has become so popular, but that is not the point at all: stable coins mean that they simply keep a standard exchange rate against the euro, dollar or whatever. Their have very limited investment value as there is no scarcity at all of any of these coins. You need a complex structure to transfer and work with them and have little advantage over modern electronic transfer systems. Stablecoins are not needed at all IMHO and should be removed as they do have thrid party risks in their issuance.

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December 29, 2021, 01:58:39 PM
 #159

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 Huh 

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?

Think of BTC like you are trading in a “decentralized” stock market. Although that El Salvador already implemented BTC as a legal tender by making it as a medium of exchange through Lightning Network, it’s an alternative payment source. However, it cannot replace fiat. We still need it for a very long time, as both fiat and cryptocurrencies can co-exist with one another in their different use cases and fundamentals.

As for stablecoins, it is my alternative source of saving money and to either cut losses or putting my crypto gains on it. However, I usually saved more money on stablecoins than in banks despite I am saying it’s “alternative”.

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December 29, 2021, 10:51:52 PM
 #160

I don't think bitcoin can be a stable coin because bitcoin will always have up and down price movements that will never make the price of bitcoin stable, indeed in the future nobody will know that bitcoin can still be used or not but you should know that bitcoin is still potentially good for the future.
bitcoin prices will forever fluctuate because bitcoin prices are purely influenced by supply and demand, besides bitcoin prices can also be influenced by news circulating. In contrast to stable coins like USDT which get support from USD and forever the value remains 1 USD. but even so bitcoin will still be used for long-term investment purposes or day trading.
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