What is your opinion on stable coins?

[bangkecol]

Stable coins is good to to defend in the bear market. So it can be option to store your asset.
But, to get profit you can not store your asset in this coins. Because this coins only maintain your asset value.

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[ahyadinnn]

In my opinion stable coins are bad to invest.

I am agreed with you that stable coin is bad for invest because we cannot make much profit from it. if its price had not been stable then we can make good profit from it. you can use stable coin for holding your money for a short time when you think other crypto market tend to be dumping continuously.

Stable coins are not good if they are made investments because their prices are fixed and unchanged, sometimes there are people using stable coins for the purposes of securing their assets from deep price declines, with the existence of stable coins our assets become safe

[rdewilde]

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!

I thought Facebook Libra has been stopped not that I even took it serious, nevertheless on the case of Tether, investing in it doesn't come with any profit because it doesn't grow that means it is a stablecoin. The use of Tether is because of its nature which is to keep or secure funds from being dealt with by bear market, even though there is a bull run it still does not affect Tether in any way. Also, Tether is not bad because it has an advantage which is mostly seen and appreciated during bear market.

[Ludmilla_rose1995]

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!

For me, stable coins are not to be invested or are not coins to make a profit. Stable coins can only store the value of an asset when there is a cause that can decrease the value of an asset.
for example, if you save bitcoin, you will lose value when their prices drop. But it's different from tether which doesn't have volatility.

[lobo13hf]

Stable coins is good to to defend in the bear market. So it can be option to store your asset.
But, to get profit you can not store your asset in this coins. Because this coins only maintain your asset value.

The purpose of stable coin to avoid the volatility in the crypto. If someone has a very difficult way to convert his crypto to the fiat money and stable coin offers an alternative solution to this problem. This is the main role of stable coin. Everyone who think you can invest in stable coin and this is a big no.

[Shallow]

My short opinion on stablecoins is, they are good and lifesavers or "fund savers".
Crypto is volatile, crypto is unpredictable and there are bear markets therefore in a second just think of what will become of your funds (not necessarily long term funds maybe trading funds) if there is a bad news or a bear market and there are no stablecoins to convert to; it will be heartbreaking and devastating. So in essence, stablecoins doesn't grow nor appreciate, they are just stagnant but helps people to safeguard their funds against volatility and against bear markets.

[ife2020]

Stable coins are coins that have same value over a long period of time
you can hodl stable coins in preparation to invest, or when waiting for an entry point to bitcoin.

You can also use stable coins to keeo your profit before they are reinvested. Examples includes usdt, tusd, and there is a gold backed stable coin too in digital gold token

[Rengga Jati]

Stable coins are coins that have same value over a long period of time

Even if the name is "stable", it doesn't mean to have the same value in a long time. Stable coins also have volatility but the volatility is low. So, the price can move or change like others, but yes the change will be quite small. Don't misunderstand that the price will be the same for a long time, it may change even in a day. Kindly take a look for the price of Tether or USD Coin on some exchanges.

Look at the definition below:

Stablecoins are cryptocurrencies designed to minimize the volatility of the price of the stablecoin, relative to some "stable" asset or basket of assets.

Source: https://en.wikipedia.org/wiki/Stablecoin

[gunungkembar]

Stable coins are coins that have same value over a long period of time
you can hodl stable coins in preparation to invest, or when waiting for an entry point to bitcoin.

You can also use stable coins to keeo your profit before they are reinvested. Examples includes usdt, tusd, and there is a gold backed stable coin too in digital gold token

yes that's why these coins can be called the stable coin because of the stable price movements and make old investors to be able to get profits from cryptocurrency, stable coins should not need to be created because in my opinion not too efficient.

[Bonwin]

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.

Tere are stablecoins that still grow, even within a day, but that is if the market condition permits their growth. Not all stablecoins are backed by USD, some of they're backed by commodities.
Take for instance as table coin that is backed by crude oil, gold, silver or diamond, such stablecoin will follow the trend of the commodity used in backing it. They are good for investment, unlike the likes of USDT, because the also grow and plummet, but are not volatile,
Volatility is the characteristic feature of cryptocurrency.
So, these stablecoins can be used to hedge against crypto volatility. Which means that they can also serve as sources of investment.

[Bitcoinislife09]

Well you need to understand stable coins specifications well.

Stable coins are not a form of trading markets; to me, stable coins are a store of wealth so that either today or 10 years time your 99.99$ will remain 99.99$.

Traders most time convert their profits to Stable coins.
While investor hodl stable coins while waiting for an investment opportunity in the altcoins market.

Stable coins are fiats, tusd, busd, usdt etc

I guess stable coins might have some potential as a investment but rarely at this rate I cannot trust altcoins anymore as a true investment other than popular altcoins.

Stable coins can be an alternative coin to fiat coins. There are many cryptocurrencies that are existing. With choosing what cryptocurrency you should buy, you must consider its price. If you want your coins to grow you must start buying coins when the value is low like now due to the pandemic that we are experiencing, then sell your coins when the value becomes higher from that you may gain so much return on investment. You may have more money that yiu can use with paying your bills and payments. These can help you a lot especially these days of pandemic.

[Latines]

Stable coins do not exist. There is nothing stable. How do you imagine stability in our time? When in the world it is not clear what. At any time, the price of anything can fall or increase. Any enterprise may go bankrupt. I don’t believe at all that there is at least some stability, especially in the crypto world.

[bearexin]

Stable coins were not created for the purpose of making profit, you’re never going to make any profit from them since they are pegged to the USD and remains the same rate at which you invested money in them. They are only being used by investors and traders who want to store their money and not lose it in the fluctuating market of the volatile cryptocurrencies. And as for the Facebook Libra, if you have really read about them and what is their main purpose for creating the Libra coin, you will get to know that it was created for transactions around the world and nothing else.

I have not made use of stablecoins but hopefully I may use them in my trading. One of my colleague explained me how to use stablecoins in trading to short bitcoins even in spot exchanges. It is interesting but risky in my observation.

[maruf01788]

I think stable coin not for investment.  People use it for safe their money. If you invest in stable coin it will no change, no profit no loss. Many trader use tether for easy profit. If you want to safe your money then you can buy tether. 

[Zazzu]

I think stable coin not for investment.  People use it for safe their money. If you invest in stable coin it will no change, no profit no loss. Many trader use tether for easy profit. If you want to safe your money then you can buy tether. 

If we want to be safe, we should not invest in this market. Any altcoin can crash if it has FUD, and USDT is the same. If it had FUD, its price would have collapsed and could not be stabilized

[Slingshot]

I would tell you stable coins are safest to invest especially USDT. Stable coin is a coin one is absolutely sure of, it's a coin anyone can invest and sleep without having to fear of huge dump like other coins that you will invest and be checking constantly online so as not to allow coins dump seriously on you. I prefer stable coins more but I am talking about USDT

[princerepon]

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.

Did Libra already announced it If yes then why they actually showing interest about crypto currency at all..? I mean many investors waiting for Libra very long time. And because it's from giant company Facebook so people would take that coin very seriously. I have no idea about there plan properly but if they are thinking about they are going with stable coin then it's not worth to invest. Let's see what happen next.

[K4C]

Stable coin is not perfect for this time any exchanger. There are a lot of coin in stable coin they are not increase price. I can say that stable coin are not proper value of exchanger so most of exchanger are listed coin they are always trading and pumping this coin. I can suggest you stable coin is not perfect for you.

[bct_ail]

Due to their low volatility, Stablecoins are important for the following groups:
Trader. They can stay in the ecosystem and do not have to go through Fiat when prices jump.
Buyer: They can convert their Fiat into Stablecoins, are in the ecosystem and can buy coins quickly when needed.
For cashing out: If you want to cash out large sums of crypto in Fiat and want to stay under the radar, you can change your coins to stablecoins and convert them into fiat, gradually

[coingecko]

Believe or not but we just saw over $1.8 billion worth of stablecoins added into the market in circulation in the last quarter alone


Snippet from full report at https://landing.coingecko.com/q1-2020-report/

The demand for stablecoin especially USDT is certainly fueling more and more of these.
Will it end up composing the majority of the cryptocurrency markets and what will this mean then?