Are stablecoins a definite solution against a bear market?

[biddicoin]

It only become a solution against a bear market when you are using it to keep the value of cryptocurrencies intact. You can use it to convert your cryptocurrencies into a digital dollar and keep it and hold it until the price reaches your buying point again, resulting for you to get more cryptocurrencies at such a lower price.

stable coin is a way, but it cant work well if we dont have good knowledge about this bearish market
I mean, if we dont have a good strategy to sell our coin, then stable coin will be useless
So, keep our knowledge increasing, so we can understand the market well and know good time to sell our coin/token.

[Landak]

If seen today, stablecoins seem to be the most chosen by traders and investors, this method may be more effective than having to be withdrawn into fiat money (saving excessive fees).
I agree when talking about risks in fluctuating crypto, but that Stablecoin means price and everything is definitely well maintained. if suddenly the price goes up/down means it is no longer Stablecoin.
the purpose of trader and investor choosing Stablecoin because of its efficiency and yes it is a solution against a bear market. (at least this is in my personal opinion)

[gweedo]

It only become a solution against a bear market when you are using it to keep the value of cryptocurrencies intact. You can use it to convert your cryptocurrencies into a digital dollar and keep it and hold it until the price reaches your buying point again, resulting for you to get more cryptocurrencies at such a lower price.

stable coin is a way, but it cant work well if we dont have good knowledge about this bearish market
I mean, if we dont have a good strategy to sell our coin, then stable coin will be useless
So, keep our knowledge increasing, so we can understand the market well and know good time to sell our coin/token.

If you have chosen to hold stablecoins, then the market is currently very unpredictable and at a very high risk of collapse, so we do not need the experience or knowledge to sell tokens. The selection of hold stablecoins is only a temporary measure and helps us not to lose money in the bearish market

[#Darren]

I am not a fan of stable coins and see no use in those, besides keeping your money out of the market and not buying crypto with cash if needed. Personally, I think that we have too much stable coins that are based on air.

[Spider A4]

In my opinion stable coin / token is not a solution for the bear market. Because of that level of trust and regulations that need to be improved. Because coins that are declared stable coins turn out to be unstable prices like this

But we are hopeless in the bearish market because there are no way to control your funds. Tether is still most of the highest trustworthy coins. And that's why it's the first priority all of the stable coins. Stable coin is alternative solution to stable your asset value in the bear market i think.

[imutlinda]

I am not a fan of stable coins and see no use in those, besides keeping your money out of the market and not buying crypto with cash if needed. Personally, I think that we have too much stable coins that are based on air.

but if you have funds on an exchange that do not have exchange for cash then you will need a stablecoin, maybe you can do that or not but for me the stablecoin still has a good function for depositing funds when an exchange does not have a currency exchange you

[JeffBrad12]

I am not a fan of stable coins and see no use in those, besides keeping your money out of the market and not buying crypto with cash if needed. Personally, I think that we have too much stable coins that are based on air.

If what you mean is a stablecoin that's unaccredited by trusted government then it might be right. There are just too many stablecoins appearing lately trying to make a money generator out of it though the reserved fund is not being transparent or it just means that these stablecoin actually made out of thin air. people should be more selective when it comes to stablecoin.

[davinchi]

Stablecoins are not a solution to anything. They are only there so we wouldn't have to go to fiat but that doesn't change the fact that people who move to stablecoins drop the price just like people who move to fiat. Hell if anything it helped the bear market because people can move out of crypto into stablecoins a lot more easier than fiat so people sell with a lot more ease. That is why I think it is not a solution to anything, it wasn't needed and shouldn't exist but since it exists already right now there is nothing we can do to remove them from the ecosystem anymore, if you get rid of one of them (which tether is getting removed over time) another one will take its place.

It is a sad cycle we will have to endure and be patient about so that with time we can find the mean average of it.

[Abiky]

Stablecoins are not a solution to anything. They are only there so we wouldn't have to go to fiat but that doesn't change the fact that people who move to stablecoins drop the price just like people who move to fiat. Hell if anything it helped the bear market because people can move out of crypto into stablecoins a lot more easier than fiat so people sell with a lot more ease. That is why I think it is not a solution to anything, it wasn't needed and shouldn't exist but since it exists already right now there is nothing we can do to remove them from the ecosystem anymore, if you get rid of one of them (which tether is getting removed over time) another one will take its place.

It is a sad cycle we will have to endure and be patient about so that with time we can find the mean average of it.

While stablecoins prove to be extremely convenient to protect your investment against price volatility, it has been the perfect tool for market manipulation. This of course, has led us to a bear market along with a wave of regulations imposed by governments worldwide. The way crypto has been heading since it came into inception has been towards centralization than anything else. After all, mainstream businesses and companies have taken the lead over most crypto services, resulting in a lower level of decentralization over time. Depending on the person's point of view, stablecoins are either benevolent or malevolent to the entire crypto industry.

Personally, I'd use stablecoins to serve as a "hedge" between the worlds of crypto and Fiat. The only downside is that most (if not all) stablecoins are prone to have a slightly lower price than $1 USD per coin at times. We've seen how Tether went from being worth $1 per coin to $0.98 (and sometimes a little lower), which is something a serious trader or investor would find hard to deal with. Not to mention, NuBits (USNBT) used to be a stablecoin with a value of $1 USD per coin only to fail a couple of years later. With proper regulation from worldwide governments, we might be able to see major stablecoins retain their value of $1 USD per coin for the foreseeable future.

Nonetheless, I believe that at some point, stablecoins are an ideal solution for a bear market. But they're not a "definite" solution, as there are other ways which you can secure your investment against crypto's volatility on the market. You'd either convert your crypto into physical cash or a stablecoin of your choice to protect yourself against any bear market. Depending on your needs, will be the type of currency to choose. In the end, stablecoins will survive as people in the mainstream world find them as an attractive alternative to the traditional US Dollar of today. Just my thoughts

[o48o]

Technically you also could just short 1x, then the price will be stable to dollar in a bear market. In bull market you probably wish you hadn't done that but the outcome will be same as holding tether in bull market. I am not sure about the shorting fees though, i haven't counted them in.

[anjiitem]

somehow i just think that a right solution for bear market.
for sure , just see when bitcoin drop suddenly to range 7000 , on that time usdt dialy trade is totaly huge .
i just speculating more people saving their value to USDT on that time.

but so far some people have indeed used the USDT to hold funds when the market is not profitable, and re-invest again when there are opportunities that can be profitable. so this is not just speculation but does occur in market conditions when it goes down

yes , in this cases , mostly people will do like i say , but on another , they buy altcoins who strong agaisn't bear market , such as chainlink , btw , i dunno why this coins have a strong demand when bear come . when u see bear come, u must see how chainlink graph going.

Stablecoin usage is indeed quite a lot when the market with the current conditions, people use it because they hold funds by waiting for other coins that have the potential to move. so I think it's quite normal as long as they buy stable coins to hold their funds when the market isn't profitable

Yes it is true, stable coins are useful for people who prefer to play safe or avoid greater risk so that the value of their assets does not go down and when market conditions are not favorable it is better to invest in stable coins rather than taking risks to invest into coins other. But, this does not mean that investing in stable coins will be profitable because if we dare to take risks and invest in coins whose prices are falling, I think it will be more profitable if the coins have increased.

[nicolas1979]

Stable coin need to face sideways trend just like this moment. This stable coin mostly use by investor to saving his asset from bigger lost or take first position before release their real open position ( wait to pull the trigger ). Bear market solution is keep buying use martiangle money management or cut loss all transaction before to avoid bigger lost. Every trend has solution but not disciplines make strategy fail, don't do that.

[mamesso]

When the bear market shows uncertainty, Stablecoin is a solution to secure crypto assets. storing assets in cryptocurrency is very risky, but Stablecoin can make traders and investors a little calm with bearish conditions that make them suffer losses. But some traders are more interested in pulling their assets into fiat money to secure from all risks that will be faced.

[barabarian1]

yes I think stable coins are very suitable to be used in this bear market but it is not a solution. I sold my altcoin when it went up and turned it into a stable coin and when the value of altcoin dropped even lower I would change the stable coin to altcoin again. I will also keep a portion of the profits from crypto trading on stable coins. Stable coins cannot be a solution during a bear market but with a stable coin we can secure our assets from cryptocurrency fluctuations.

[Kvalentine]

Stable coins have no business with bear market, they are created to stand value of fiat currency aka USD and it's more useful for traders the most

[minersday]

Sure but if the bear market is going to last for a long time then the stable coins are likely to fluctuate as well unless its issuer decides to mint new coins into the system. I have seen Tether fall below a dollar and even rise above a dollar by some few cents. But in the midst of short or moderate bear market like what we have been experiencing for the past 1 year stable coins are surely the answer.

[Yamifoud]

Gaining during the bear season it was a horrible thing and makes people decide of having stablecoins for investment. Quite that right but be in mind that all these market changes will never stay for long, this was a temporary and it all just coming back to rise again. May holding those stablecoins is another option to gain and to become more profitable but if you are doing smart in trading you can still generate profits even during the bear season.It was not a perfect time to sell but a good time to buy if you still have money to risk.

[r32godzilla]

But even you hold stable coins you are in a risk.
At first, when you hold centralized stable coin like Tether, you never know if everything is okay with the company. What happen if regulations come. When you hold decentralized stable coin, you never know if the coin be stable in the future.
Secondly, you risk that price of cryptocurrencies will grow dramatically and you loose the potential profit. 

[XMRD]

If I were to be anticipating an extended bear market, I'd rather just take the fees of converting my crypto to fiat money and keep that fiat money until I see market conditions improving and convert it back to cryptocurrencies later. One main advantage that stablecoins have is that they can be traded just like fiat dollars but without the string attached with trading with fiat, which is partly why so many traders use stablecoins, but you lose that when you're keeping the stablecoin for an extended period of time.

I also see most stablecoins as being slightly risky even though they might claim to be extremely safe and secure, especially Tether. I don't use Tether, I don't plan on ever using it, and I certainly won't be holding it.

Check Monero Dollar (#xmrd) is a secure, private, untraceable Stablecoin https://bitcointalk.org/index.php?topic=5214640.msg53512987#msg53512987

[ampere]

A lot of my friends disagree with me, but the definite solution during dips for me, is your local currency or fiat.
There's a need to always get your profits out.

Usdt or other stable coins I believe are for temporal threshold of your MOney