What is your opinion on stable coins?

[Lasky366]

Well we all might know what is the meaning of stable.Stable means something solid or well balanced. So if you fell your holding crypto like bitcoin or any altcoin is not safe enough it might dump.Then you can convert your crypto to a stable coin.It will permanently establish your funds. Then when crypto price dump you can buy them through your stable coin even more quantity.

[Emilyearl]

They're safe havens for cryptocurrency users. Using USDT as an example, when the market starts to go down you can hedge your funds in it to buy back when the market recovers. You money will be what you hegded not less.

[CryptopreneurBrainboss]

Is those worth investments or waste investments.......?

Because if facebook libra is stable coin then it is wrong investment choice because many crypto investors look for profit coins i mean unlike stable coins they will like coins which get profits.

Seems you're misunderstanding what stablecoins were developed for. It was developed with the intention to save your investment from crashing down due to a bear market and not to give you profits. Irrespective of the initial motives behind creation of stablecoins, it can still be used as an investment vehicles if only you're opportune to catch dip of the stablecoins and invest when everyone is panic selling their stablecoins.

You're better off patronizing any other stablecoin than Libra (that's if the project successfully gets the approval of the US government and launches). It'll just be a centralized piece of trash and your security won't be respected just as it's with your fiat currency.

[Vishnu.Reang]

They're safe havens for cryptocurrency users. Using USDT as an example, when the market starts to go down you can hedge your funds in it to buy back when the market recovers. You money will be what you hegded not less.

No. They are not safe havens. Perhaps you can trust them, for a short period of time. For example, in case you are trading inside an exchange, then you can convert some of your assets to stablecoin and then trade them when the value rises. But stablecoins can never be used as a store of value. They are just tokens issues by certain exchanges and businesses and no one should trust them.

[torrantz]

Satabil coin is a coin that is able to survive and rarely down Examples of stable coins are USDT and USDC for me a stable coin is a coin that is very unsuitable for investing it's better to invest in bitcoin and ethereum despite high prices

What is Satabil? I have never heard of this altcoin in the market and I have tried searching for it but still do not have any information, it seems that you were confused with stablecoins?

I guess if he was miss typing for the stable to be satabil. You can see from the middle sentences and he gives some examples of stable coins. It looks like newcomer must try to spend some of their times to surfing on the internet and they must try to get more knowledge about what they don't know about.

[DonFacundo]

Stable coins like Tether is not good investment, of course it is in stable price but useful when the market is down, you can convert your coins into stable coins so you can not lose more money.

[jaywizzy]

I see stable coins as store of an asset to most investors because most of the investors that invest in stable coins are not in haste to make profit, they sell whenever they are satisfy with profit magine they have set.

[Kong Hey Pakboy]

I see stable coins as store of an asset to most investors because most of the investors that invest in stable coins are not in haste to make profit, they sell whenever they are satisfy with profit magine they have set.

Indeed. Most investors only buys stable coins as a safe asset that they always panic if the market will make a sudden downfall. Stable coins are not good for long term investment because they don't give a huge amount of profit, thay is why i never buy stable coins because they are just like fiat currency that it is only good in making purchases or transactions through online.

[Roidz]

I think one of the goals of the creation of stable coin is to imitate the traditional money which is indeed the value of which is relatively stable and of course this contrasts with the price of bitcoin or other alt coins which are indeed fluaktif in market,
for traders who want to secure their money, of course, stable coin like usdt is a good asset, but for traders who want to profit, of course stable coin is not a good investment because it has stable price movements so, it is unlikely that traders can benefit in their trading.

[shollyen]

Satabil coin is a coin that is able to survive and rarely down Examples of stable coins are USDT and USDC for me a stable coin is a coin that is very unsuitable for investing it's better to invest in bitcoin and ethereum despite high prices

What is Satabil? I have never heard of this altcoin in the market and I have tried searching for it but still do not have any information, it seems that you were confused with stablecoins?

I guess if he was miss typing for the stable to be satabil. You can see from the middle sentences and he gives some examples of stable coins. It looks like newcomer must try to spend some of their times to surfing on the internet and they must try to get more knowledge about what they don't know about.

That is it, it was a typo. What he was trying to say is clear, except one pretends not to know and that it is not well-read.

Hello Crypto friends!

Recently i have known about tether and also facebook libra.

Is those worth investments or waste investments.......?

Because if facebook libra is stable coin then it is wrong investment choice because many crypto investors look for profit coins i mean unlike stable coins they will like coins which get profits.


In my opinion stable coins are bad to invest.

But facebook will change their decision regarding the libra stable coin or the libra coin will also like another tether.

Thanks!

If what Libra is still bent on releasing is a Stablecoin, then he might continue to experience that ordeal he had with SEC and that prevented it from being approved.
I am still lost, if that same Stabecoin will be backed by te USD, which i where the major problem will lie, seeing that the base of that project will till be the US.

[coinfinger]

Stablecoins are the gifts for traders and for common crypto investors, it may not offer anything to do with. The concept of stablecoins is really cool but just having fiats on blockchain may end up in problems when governments start feeling like stablecoins are a thread to their traditional banking system.

I have not used any stablecoins in my trading as I am just a long term holder whereas one of my friend somehow managed to sell his one bitcoins when bitcoin tested $13000 levels by last years and he was holding tether worth of $13k for some 6 months and then he bought back bitcoins when it hit below $6k levels. With the help of stablecoins, he managed to double his one bitcoin in the time span of  months. His networth kept same since last year and I guess it will raise again in 2x as now he is holding 2 bitcoins.

Stablecoins are good but only for traders who may be short term or long term, no constrain on that.

[lue wang]

Hello Crypto friends!

Recently i have known about tether and also facebook libra.

Is those worth investments or waste investments.......?

Because if facebook libra is stable coin then it is wrong investment choice because many crypto investors look for profit coins i mean unlike stable coins they will like coins which get profits.


In my opinion stable coins are bad to invest.

But facebook will change their decision regarding the libra stable coin or the libra coin will also like another tether.

Thanks!

Your fiat currency and stable coin isn't different, neither Worth or worst investment. Facebook also in the same category. This is so easy to stay in stablecoin when sell out your coin and again enter cryptocurrency. Binance is doing good work to easy to make investment.

[ComBack20]

Ohh, damn it. Many people are new to crypto and say buying USDT / stable coins is a safe investment, even though such an opinion is wrong. Except for stable coins that refer to gold, and gold can still be said to be a savior of wealth, it has been proven in the past few decades. but not for those who refer to fiat, the same is still in the monetary system banking, at all times there is always inflation. The stable coins in the crypto world are only to help someone trade and secure assets when the trend is down (that's all).

[seoincorporation]

Stable coins like Tether is not good investment, of course it is in stable price but useful when the market is down, you can convert your coins into stable coins so you can not lose more money.

I do not agree with you, Tether is a good investment when the market is down. If we jump to Tether before the crash then we will end with the same amount of money but a bigger amount of cryptos...

Stable coins is a safe way to trade Bitcoins against USD without touching the banks.

[Twinkledoe]

Stable coins like Tether is not good investment, of course it is in stable price but useful when the market is down, you can convert your coins into stable coins so you can not lose more money.

I do not agree with you, Tether is a good investment when the market is down. If we jump to Tether before the crash then we will end with the same amount of money but a bigger amount of cryptos...

Stable coins is a safe way to trade Bitcoins against USD without touching the banks.

It will only be true, if you buy stable coin just before the crash. But how will you know that there will be crash in the market? That's hard to know actually. But yes, stable coin is good to have when the market is down, so you have no worries about the decrease of its price. There might be slight changes but not really much unlike other alts. However, you should also be careful in holding them for long time because you don't know their actual foundation, anytime they might collapse depending on the team managing it.

[TopT3ns]

If someone likes fast-moving investments, stable coins are not good enough for investment, but stable coins are better for long-term investments and are safe for further investment than fast-moving investment coins.

stable coins do not have fast price movements because stable coins have price movements depending on fiat meaning that the benefits are very long so I don't think it is too good to be used for long-term investment because if you keep it for a very long time but the profit you get not too much.

[shoreno]

stable coins arent bad they are still part of your money making success on crypto  . thier stability is useful if you dont want your coins to be affected by the fluctuations at the moment  .  but what is the status of libra coin   .  

i just check it right now and i dont see any value   . other infos are also question mark  . i think the project is discontinued or maybe postponed yet for now because the world have a greater problems than creating a coin like this  . anyway there is still tether which is the best brand when it comes to stable coins  

[Yamifoud]

Hello Crypto friends!

Recently i have known about tether and also facebook libra.

Is those worth investments or waste investments.......?

Because if facebook libra is stable coin then it is wrong investment choice because many crypto investors look for profit coins i mean unlike stable coins they will like coins which get profits.


In my opinion stable coins are bad to invest.

But facebook will change their decision regarding the libra stable coin or the libra coin will also like another tether.

Thanks!

Have you seen Libra in the market already?
Actually, Libra coin has been out from reality because of some problems of its creation and it never receives approval from the regulatory board to launch this project.
https://www.bloomberg.com/news/articles/2020-01-20/facebook-s-failed-libra-starts-2020-facing-fresh-swiss-hurdles

If we think about crypto investment, it is better not to choose stable coins because you can't make money from them. I suggest having high volatile coins but you should be careful in making trade also. Better to choose among the top coins in the market and take a look of its trading volume.

[Cryptrx]

Stable coins are very essential especially in times of high volatility, you can save the value of your assets pending when you will invest it back.

[danggoron]

stable coins arent bad they are still part of your money making success on crypto  . thier stability is useful if you dont want your coins to be affected by the fluctuations at the moment  .  but what is the status of libra coin   .  

i just check it right now and i dont see any value   . other infos are also question mark  . i think the project is discontinued or maybe postponed yet for now because the world have a greater problems than creating a coin like this  . anyway there is still tether which is the best brand when it comes to stable coins  

Actually not bad. It's just that for those who like volatility, the price stability of stable coins is less attractive in providing benefits, right?
So that stable coins are often used to secure assets when extreme market movements occur.