What is your opinion on stable coins?

[FanEagle]

That much money can't be sustained, eventually there will be a moment when the market will be filled with too much stable coins and eventually people will stop buying them, when they stop buying them the companies that print them will have to cover the difference and these companies are all shady crooks so eventually they will definitely bail out and when they do that even at a small scale, it will snowball into something huge.

If it was just couple hundred million dollars per quarter I would have understand but we are talking about almost 2 billion dollars in the last quarter, and most of it went to those companies who print it (mainly tether) and these people basically gave us something worthless and took our billions from us, and we allowed them to do that.

[farukahmed]

There are many coin is stable are crypto market. some of exchange are looking many coin are not stable. i thing the most valuable coin are nit stable because this coin are increase and decrease. it can be trading on exchange. A stable coin is a cryptocurrency that is pegged to another stable asset, like gold or the U.S. dollar. It’s a currency that is global, but is not tied to a central bank and has low volatility. so i like to say popular stable coins are working towards building the most optimal cryptocurrency.

[@baoli]

Stable coins might not truly be an investment because itbis expected not to increase. So if you noughts 100$ worth today weeks ahead it will be same. It is created to help people hedge during volatility.

[kogozer714]

if you think a stable coin will make a profit maybe it's not true, and vice versa. maybe with a stable coin you will be safe with your doubts in the trading market which reduces your loss and income.

[CrownMade423]

Stable coins means they are not investments because they don't increase their value coz they are not in fluctuate position .We can not make money with stable coins if you don't runs it by any things .Traders most time convert their profits for an investment opportunity in the altcoins market. Its a secure assets with any changeable value and for sure you will not get any profit from it .
You should search more . Thanks

[aemma]

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!

Stablecoins are not bad to invest in, moreover it's not like you are investing in it because there is no profit to be gotten out of it rather it is more like using stablecoins to protect your funds during bear market which you can still convert back to your favourite coin when the market changes for good.
However, about Tether and Libra, both are two different projects or platforms because one (Tether) is already developed for years and currently can be seen as the best  stablecoin with huge volume etc while Libra is yet to be launched thus no one knows actually what to expect from it. So therefore, in a bid to answer the question, Tether is worth the attention given to it.

[Yatsan]

You can use the stable coins is you sell on the pick of the market or it's also good if you are going to buy from the bottom. I use tether to be a safe haven when I am trading, so If the market is on a roller coaster, it's better to use stable coin as a pair of which coin are you trading. For example you are trading etherum and the price is unstable like bitcoin then, you can use the stable coin as trading pair of it, and take advantage of the situation. 

[Rubick99]

Agree with your opinion that stable coin is bad investment, its like we just collect fiat money then it can be inflated by time. Rather than just parking your money in the bank, it will be better if you use it to grow up your wealthy.
Just buy bitcoin or ethereum for sure.

[tbterryboy]

You can use the stable coins is you sell on the pick of the market or it's also good if you are going to buy from the bottom. I use tether to be a safe haven when I am trading, so If the market is on a roller coaster, it's better to use stable coin as a pair of which coin are you trading.

Honestly I could not get your point, how tether is looking to you as a safe heaven against market's roller coaster rides? Just by trading with stablecoin pairs, how we can eliminate the market volatility? So far my understanding about stablecoin is like it is a crypto formatted fiat and we can use instead of fiats. It means we can easily move coins from exchange to our wallet like bitcoins instead of going for banks for fiat transactions.

Agree with your opinion that stable coin is bad investment, its like we just collect fiat money then it can be inflated by time.

Stablecoins do not fluctuate (in terms of fiat value) hence how we can go for investing with them? Most stablecoins on market right now are corporate coins which could be inflated if they decide. But this makes these stablecoins non-trustable even for using. Yes, we need decentralized coins to trust and use.

[kentrolla]

If this is the case with me I will sell it and go with some top it's better to give Important to few top coins like ETH, BNB and some other coins.

Stable coins will always remain normal and we cannot expect some changes in the price, crypto is absolute risky those who take high-risk are millionaires today. It's all about investing in a right coin..

[Raja Singa]

~

It's not too bad like what you say. A stable coin will give a profit where the price of other coins drop.
Stable coins do not provide profit if the price of other coins is increasing.
For example:
1 ETH = 230 USDT
If the ETH price drops -10%
230 x 10/100 = 23
Then the stable coin holder has made a $ 23 profit.
And if they repurchase ETH,
$ 230 + $ 23 = $ 253
1 ETH + 0.1 ETH = 1.1 ETH
Well, this will be the opposite if the price of Ethereum rises.

[Perfect35]

~

It's not too bad like what you say. A stable coin will give a profit where the price of other coins drop.
Stable coins do not provide profit if the price of other coins is increasing.
For example:
1 ETH = 230 USDT
If the ETH price drops -10%
230 x 10/100 = 23
Then the stable coin holder has made a $ 23 profit.
And if they repurchase ETH,
$ 230 + $ 23 = $ 253
1 ETH + 0.1 ETH = 1.1 ETH
Well, this will be the opposite if the price of Ethereum rises.

This will only be applicable if ETH grows back, but in a situation where the price of ETH keeps dumping and you buy back with your USDT, thinking that it has reached its base, then if care is not taken, you would have joined the train of loss. Well, I think USDT will mainly help you to fix the value of your holdings and you could buy back and at the sea time be fortunate to make some profits from another upsurge.

[adzino]

Stablecoins are not bad to invest in, moreover it's not like you are investing in it because there is no profit to be gotten out of it rather it is more like using stablecoins to protect your funds during bear market which you can still convert back to your favourite coin when the market changes for good.
However, about Tether and Libra, both are two different projects or platforms because one (Tether) is already developed for years and currently can be seen as the best  stablecoin with huge volume etc while Libra is yet to be launched thus no one knows actually what to expect from it. So therefore, in a bid to answer the question, Tether is worth the attention given to it.

Stable coins are not a bad investment? Lol, you don't make any profit off it, so there is nothing to invest on it and you know what. But, it is still a  bad investment. As far as I know, your tether tokens can be frozen anytime. I am not sure, but I think if you come across some stolen tokens, they can be freezed.

Yeah, tether and Libra are different things. Is Libra still under development? I though it already died before it even got to launch.

[amos77978]

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!

stable coin is simply just to store wealth nothing more.. you wont make any gain.. neither will you make loss your funds.. they're one of the best coins to hold when the market Is RED.. as your funds wont lose their initial calue

[amos77978]

but as well be sure of what your buying.. there are multiple stable coins in the market right now.. do your investigation and make your choice..  on my opinion tether and dai. are both the most trusted stable coins you'll find in the market.. usd is also a good option

[TimeTeller]

stable coin is simply just to store wealth nothing more.. you wont make any gain.. neither will you make loss your funds.. they're one of the best coins to hold when the market Is RED.. as your funds wont lose their initial calue

That is the reason why they are created in the first place.
Not to lose much of its value in different seasons in the market, whether bearish or bullish.
So it is just simply a store of value so don't expect that you will gain profit from holding it.
But in my opinion, you should not hold stablecoins for long term, because we don't know the real truth about the asset backing it.
Not many of them are saying the truth about its assets, just look at USDT, which at one point, they did admit that it was not 100% USD backed.

[BALIK]

stable coin is simply just to store wealth nothing more.. you wont make any gain.. neither will you make loss your funds.. they're one of the best coins to hold when the market Is RED.. as your funds wont lose their initial calue

That is the reason why they are created in the first place.
Not to lose much of its value in different seasons in the market, whether bearish or bullish.
So it is just simply a store of value so don't expect that you will gain profit from holding it.
But in my opinion, you should not hold stablecoins for long term, because we don't know the real truth about the asset backing it.
Not many of them are saying the truth about its assets, just look at USDT, which at one point, they did admit that it was not 100% USD backed.

Leave that as it may. Stable coins do play a very important strategy in the life of an investors be it short/long term and for traders too. Stable coins gives the option to easily transfer funds to a somewhat more secure place, this is an ideal service for a trader or investor.

The way I think about stable coins is as a bank account where the risk is minimized, while anything not in stable coins is more like a bond where there's more risk involved but higher return.

In a simple way, stable coins provide people with financial stability, and a spring board for those who fear rapid market changes. This is why their value should not be undermined.

[marks1976]

Actually any stable coin isn't worth of investment. Simple you will lose some cost for nothing. You won't be happy for market up situation. Stable Coin will be worth of investment, if you can to stable Coin before cryptocurrency crash. You can take decisions about market, by monitoring the supply of stablecoin.

We never consider altcoin as an investment. I think even the supply of stable coin is increase but if that was also backed by the real dollars and it's not something that must be argued but it looks like it needs the more transparency.

[7788bitcoin]

If this is the case with me I will sell it and go with some top it's better to give Important to few top coins like ETH, BNB and some other coins.

You got this wrong totally, the idea for a stable coin is to hold the coins when you sell the volatile coins so that you can invest in it at a later time and we still wait for a legit stable coin in the crypto space.

Stable coins will always remain normal and we cannot expect some changes in the price, crypto is absolute risky those who take high-risk are millionaires today. It's all about investing in a right coin..

That is the idea behind a stable coin, we need a stable price for a currency and that is the meaning of stable coin  . The cryptocurrency space is not just for millionaires hope you are not seeing the real concept of it .

[Wayrey2020]

Stable coins are good for emergency situations and also help greatly especially when there is a sudden bearish market coming up.

It helps investors to stay safe during the bearish market, and lets investors buy tokens quickly as well in case there is a change in decision.

With stablecoin / btc trade pair, i am sure you understand what am talking about