What is your opinion on stable coins?

[irixo10]

Facebook Libra is not yet out nor even developed so why relating it or putting it in the same context with Tether? In my own opinion it doesn't add up. However, about investing in stablecoins; first thing is you don't invest in stablecoins because they are not investment options owing to the reason they are stable in price. Secondly since they are stable in price they are used to place a limit to the volatility of cryptocurrencies, that is, instead of watching your Bitcoin drops badly in value you can convert to Tether while waiting for a good opportunity to convert back to Bitcoin. Lastly, from this little explanation, it can be seen that stablecoins plays a role thus I do not think stablecoins are bad; there are also other stablecoins to choose from not only Tether.

[Davian144]

Totally agree! Stable coins were created for store-of-value purposes. When people need a place to keep their capital away from the volatiles of the market. Stable coins don't have a lot of things to do with profit-earning transactions since their value doesn't fluctuate too frequently and dramatically. I think stable coins are the important factors of the market where we can store our money without worrying about losing value. 

Very true, I agree with what you say, because as many people already know, stable coins are very suitable in terms of preserving the value of one's assets and for storing temporary assets in the market before being used for other things such as trading.

[CashbackLover]

I don't have much to share about stable coins, the best thing about them is they are trader's best friend, thanks to stable coin trading is more easy and straight, the store of value feature works amazingly

[nelson4lov]

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.

~Snipped~

Totally agree! Stable coins were created for store-of-value purposes. When people need a place to keep their capital away from the volatiles of the market. Stable coins don't have a lot of things to do with profit-earning transactions since their value doesn't fluctuate too frequently and dramatically. I think stable coins are the important factors of the market where we can store our money without worrying about losing value. 

Yes, That's one instance where stable coins are extremely useful. That said, I think traders are the biggest users of stable coins since it plays an active role in retaining value regardless of how volatile the market is. I usually sell tops, convert to a stable coin like USDT and when the price goes lower, I buy back. It not only retains the value of my portfolio but also helps to increase my holdings. The downside is that, they're not profitable on their own but thiis compensated when used for trading purposes. – gets the job done.

[Naughty Princess]

Stable coins are good for all the company and institutions who pays their employees and clients by stablecoins. Why? Because from the name itself it says " stable".

I agree. Stable coins are for investment on the stock market from the company but not too good for investing on altcoins which sudden lost the value when investors just look on making profit and not for the future of the coin. Stable coins are better for the trader.

[wozzek23]

Stablecoin is not an investment, and if anyone said that they are, then they are wrong. They are called stablecoin for a reason and that's because they are pegged 1:1 with the US dollar and you can use them to save your money instead of keep it in a volatile crypto market. Bitcoin falls up and down, and there are times that it will be falling and you wouldn't want to hold your coins there.

Instead of having to take the long process of selling it completely, you can just exchange the BTC for a stable coin using any exchange of your choice and wait for the right time. So, they are not investment. And if you did read well about Libra, they didn't call it an Investment, it's just a way to connect the world and make transactions easy and cheap. It's going to be better than most of these other payment methods like PayPal, because it will cost less and be fast as well.

[coiner-88]

Cryptocurrency-collateralized stablecoins use cryptoassets as collateral to smooth out price volatility to ensure that the price of the coin remains stable. stablecoins are subject to the same volatility and risk associated with the backing asset.

[Ozero]

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 coins can most likely be attributed to more advanced types of means of payment, and not to objects for investment. Why invest in stable coins if by their nature they cannot make a profit for their holders? It makes sense to buy stable coins for some specific purposes. They are also well suited for working with a cryptocurrency.

[pandanaran]

in terms of investment, a stable coin like USDT or USDC isn't too bad because it can at least maintain the value of your investment. on the other hand you can use stable coins to withdraw or convert when you trade. if you want profit then you can invest with BTC or some of the top altcoins.

[Harlot]

I don't have much to share about stable coins, the best thing about them is they are trader's best friend, thanks to stable coin trading is more easy and straight, the store of value feature works amazingly

No there are not. Don't you know most of the stable coins that exists including USDT and TUSD have the ability to freeze your holdings? There developers can instantly freeze your assets without your permission. Since they are pegged to the USD or in any case a fiat currency they are subject to regulations under their government and one of it is about AML procedures that is why their issuer aka the development/project teams can freeze your holdings without you knowing and for any trader I don't think this is a good idea if there is a chance of them holding your capital back.

[KiloFoxtrot]

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 totally agree! Before, I wasn't really sold yet about the purpose of stable coins. But now that I've experienced and read a lot more about what a stable coin is purposely being used for, it just makes perfect sense now instead.

[ije07]

Totally agree! Stable coins were created for store-of-value purposes. When people need a place to keep their capital away from the volatiles of the market. Stable coins don't have a lot of things to do with profit-earning transactions since their value doesn't fluctuate too frequently and dramatically. I think stable coins are the important factors of the market where we can store our money without worrying about losing value. 

Very true, I agree with what you say, because as many people already know, stable coins are very suitable in terms of preserving the value of one's assets and for storing temporary assets in the market before being used for other things such as trading.

Stable coins can be categorized as coins that can maintain the value of your investment. as we have seen that stable coin movements are only significant at fixed prices and this will not make you lose the investment value. on the other hand stable coins are often used for trading because they can maintain their value too.

[lobo13hf]

in terms of investment, a stable coin like USDT or USDC isn't too bad because it can at least maintain the value of your investment. on the other hand you can use stable coins to withdraw or convert when you trade. if you want profit then you can invest with BTC or some of the top altcoins.

It's not the main purpose of stable coin and it will never be an investment instruction. Stable coins exist to solve the problem of volatility that have been faced by so many people since bitcoin exist.
This is the main purpose of stable coins

[Sendi blackspade team]

It's not the main purpose of stable coin and it will never be an investment instruction. Stable coins exist to solve the problem of volatility that have been faced by so many people since bitcoin exist.
This is the main purpose of stable coins

You are right but the problem is that traders and investors now prefer stable coins to save their money after trading or when they see the market in bad condition. the adoption of some altcoins is slightly reduced.

[suryana]

in terms of investment, a stable coin like USDT or USDC isn't too bad because it can at least maintain the value of your investment. on the other hand you can use stable coins to withdraw or convert when you trade. if you want profit then you can invest with BTC or some of the top altcoins.

Yes, I also do like that. When trading, I often withdraw my assets to stable coins. But for some people only using this stable coin as a value keeper their assets so as not to volatile. But for Hype lovers, of course they don't like stable coins.