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July 07, 2020, 03:59:49 PM Last edit: July 07, 2020, 09:42:54 PM by FreeStreamer |
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I have noticed that there are many people here who do not understand that many cryptocurrencies are stablecoins. Stablecoin means that its price is designed to be as stable as possible. That means there will be no ROI from buying and hodling bunch of stablecoins. Coins with very large or infinite max supply are very likely designed to be stablecoins because that way they can stabilize the price by emitting more coins when the coin scales rapidly. Just like they do with FIAT to keep the exchange rate stable. Stablecoins are rarely perfectly stable, but they are considered stablecoins because of their effort to keep the price stable.
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Pffrt
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July 07, 2020, 04:16:48 PM |
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Does anyone invest in stablecoin? I have never heard although it's possible to get a little profit sometimes. However, people use stablecoin to fix their profit or stop their loss by converting their coin to stable. There's no other use of stablecoin then this.
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tabas
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July 07, 2020, 04:19:36 PM |
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That's the right description about stable coins but it's not that many of them at all. There are actually a few of them that are popular. Does anyone invest in stablecoin? I have never heard although it's possible to get a little profit sometimes. However, people use stablecoin to fix their profit or stop their loss by converting their coin to stable. There's no other use of stablecoin then this.
Probably a newbie that doesn't understand it if he/she buys it, they will think that they have invested on cryptocurrencies.
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StephenJH
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July 07, 2020, 04:21:44 PM Last edit: July 09, 2020, 09:30:26 PM by StephenJH |
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Does anyone invest in stablecoin? I have never heard although it's possible to get a little profit sometimes. However, people use stablecoin to fix their profit or stop their loss by converting their coin to stable. There's no other use of stablecoin then this.
Investing in a stable coin? We don't need stable coins for investing, that is why the stable coin is stable. We invest in any coin, which will be profitable or on the contrary and we will make a profit from this investment. But about stable coins, as you above said we need stable coins for saving our losses. On the other hand, we don't need a stable coin for investing in and make a profit from their investment.
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July 07, 2020, 04:22:30 PM |
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I have noticed that there are many people here who do not understand that many cryptocurrencies are stablecoins. Stablecoin means that its price is designed to be as stable as possible. That means there will be no ROI from buying bunch of stablecoins. Coins with very large or infinite max supply are very likely designed to be stablecoins because that way they can stabilize the price by emitting more coins when the coin scales rapidly. Just like they do with FIAT to keep the exchange rate stable.
Stable coins claims that they are here to be an alternative for fiat currency, probably they are just perfect alternative to the current system but with any major change other than the mode of transaction.But decentralized cryptos are here to bring some evolution on the financial structure of the world like we are going to spend money on anything with our freedom which involves no third party and any kind of intruders.
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concept2
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July 07, 2020, 04:27:35 PM |
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No one would ever invest their money in a stable coin. Crytocurrency itself is always described as the most volatile asset in 21st and therefore, people can easily gain a lot of money by investing their money in digital coin. People would rather put their money in the bank than a stable coin. Or they can even buy some gold which is the most valuable asset in the world and it has been on this earth for many years.
What a silly statement you have here
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qazgroup
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July 07, 2020, 04:33:00 PM |
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I have noticed that there are many people here who do not understand that many cryptocurrencies are stablecoins. Stablecoin means that its price is designed to be as stable as possible. That means there will be no ROI from buying bunch of stablecoins. Coins with very large or infinite max supply are very likely designed to be stablecoins because that way they can stabilize the price by emitting more coins when the coin scales rapidly. Just like they do with FIAT to keep the exchange rate stable.
Most likely stablecoins are backed by a stable asset like fiat what you are referring to are crypto coins that are stable in value always, well, can you give examples of such live coins because i do not recall any such coin.
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July 07, 2020, 04:33:38 PM |
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Does anyone invest in stablecoin? I have never heard although it's possible to get a little profit sometimes. However, people use stablecoin to fix their profit or stop their loss by converting their coin to stable. There's no other use of stablecoin then this.
The use of stablecoins is the same as with any currency. They are meant to be used in e-commerce, not hodled for gains.
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FreeStreamer (OP)
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July 07, 2020, 04:40:30 PM |
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I have noticed that there are many people here who do not understand that many cryptocurrencies are stablecoins. Stablecoin means that its price is designed to be as stable as possible. That means there will be no ROI from buying bunch of stablecoins. Coins with very large or infinite max supply are very likely designed to be stablecoins because that way they can stabilize the price by emitting more coins when the coin scales rapidly. Just like they do with FIAT to keep the exchange rate stable.
Most likely stablecoins are backed by a stable asset like fiat what you are referring to are crypto coins that are stable in value always, well, can you give examples of such live coins because i do not recall any such coin. I think at this point is still a matter of opinion and dispute which exact coins are stablecoins. Time will of course tell for sure. Of course Tether, USDC are among the dollar pegged stablecoins. Then there are many gold and silver pegged coins that are also considered stablecoins.
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chip1994
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July 07, 2020, 04:46:50 PM |
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I have noticed that there are many people here who do not understand that many cryptocurrencies are stablecoins. Stablecoin means that its price is designed to be as stable as possible. That means there will be no ROI from buying bunch of stablecoins. Coins with very large or infinite max supply are very likely designed to be stablecoins because that way they can stabilize the price by emitting more coins when the coin scales rapidly. Just like they do with FIAT to keep the exchange rate stable.
This is not necessarily true. I can still make a lot of money by trading with USDT on big exchanges. maybe even earn more than 16% in just 2 days. when bitcoin drops, USDT is very valuable because at that time everyone wanted to buy USDT to buy lots of bitcoins to hold. then we can speculate and make a lot of money in a small moment and without risk.
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FreeStreamer (OP)
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July 07, 2020, 05:09:41 PM |
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I have noticed that there are many people here who do not understand that many cryptocurrencies are stablecoins. Stablecoin means that its price is designed to be as stable as possible. That means there will be no ROI from buying bunch of stablecoins. Coins with very large or infinite max supply are very likely designed to be stablecoins because that way they can stabilize the price by emitting more coins when the coin scales rapidly. Just like they do with FIAT to keep the exchange rate stable.
This is not necessarily true. I can still make a lot of money by trading with USDT on big exchanges. maybe even earn more than 16% in just 2 days. when bitcoin drops, USDT is very valuable because at that time everyone wanted to buy USDT to buy lots of bitcoins to hold. then we can speculate and make a lot of money in a small moment and without risk. It's 100% correct and true because trading profit is not the same thing as Return of Investment (ROI). If you read again, you may find that the topic is about ROI.
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Refrumatrix
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July 07, 2020, 05:12:46 PM |
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I have noticed that there are many people here who do not understand that many cryptocurrencies are stablecoins. Stablecoin means that its price is designed to be as stable as possible. That means there will be no ROI from buying bunch of stablecoins. Coins with very large or infinite max supply are very likely designed to be stablecoins because that way they can stabilize the price by emitting more coins when the coin scales rapidly. Just like they do with FIAT to keep the exchange rate stable.
What is the purpose of this post OP? I have never seen people investing on stablecoins hoping to make big ROI back because it's not possible, even a crypto newbie knows the difference, the easiest coin to understand is stable coins
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July 07, 2020, 05:51:21 PM |
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Yes, it is bad for someone who wants to keep them for long periods, but it is not bad for someone who wants to trade or speculate in a day or two. I invested in some of these currencies and got about 3% profit every three days, sometimes lost but not a bad investment. Yes, it is bad for anyone who wants to think it looks like Bitcoin. ROI mean how you trade and not your investment
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FreeStreamer (OP)
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July 07, 2020, 08:45:44 PM |
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I have noticed that there are many people here who do not understand that many cryptocurrencies are stablecoins. Stablecoin means that its price is designed to be as stable as possible. That means there will be no ROI from buying bunch of stablecoins. Coins with very large or infinite max supply are very likely designed to be stablecoins because that way they can stabilize the price by emitting more coins when the coin scales rapidly. Just like they do with FIAT to keep the exchange rate stable.
What is the purpose of this post OP? I have never seen people investing on stablecoins hoping to make big ROI back because it's not possible, even a crypto newbie knows the difference, the easiest coin to understand is stable coins You don't really see people invest because they usually do it in the privacy of their homes. I'm not talking about the obvious stable coins like Tether and USDC. I'm talking about the less obvious that have not announced that they are actually stablecoins. ROI means Return of Investment when you buy assets and hold them until they first pay themselves and then start to give you actual profit. That's ROI
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coupable
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July 07, 2020, 09:27:21 PM |
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Does anyone invest in stablecoin? I have never heard although it's possible to get a little profit sometimes.
It's a strange funny, but i personally knew few people who thought to be investors by bying USD tether thinking that it will rise in price. ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) But that was because they didn't know what a stable coin is. With op, i think it's a useless information as no one would invest in something with a stable fixed price unless he puts a large amount of money and play with the centimes above/below the one dollar rate. It would be a lost of time too.
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babygun
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July 07, 2020, 09:28:21 PM |
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Does anyone invest in stablecoin? I have never heard although it's possible to get a little profit sometimes. However, people use stablecoin to fix their profit or stop their loss by converting their coin to stable. There's no other use of stablecoin then this.
I don't invest in it and will never do it, but these stable coins are becoming a hype. It keeps getting more popular and while it may have some use, I don't see an added value in these stable coins.
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xZork
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July 07, 2020, 09:30:08 PM |
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Stablecoin is designed as a stable currency so that people can anchor their assets before price storms rather than making a profit. In fact, sometimes USDT is a bit more or less than $ 1 if it is traded directly, but this rarely happens so people do not consider stablecoin as an investment channel.
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FreeStreamer (OP)
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July 07, 2020, 09:41:21 PM |
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Stablecoin is designed as a stable currency so that people can anchor their assets before price storms rather than making a profit. In fact, sometimes USDT is a bit more or less than $ 1 if it is traded directly, but this rarely happens so people do not consider stablecoin as an investment channel.
There are different stablecoins for different purposes. No stablecoin is perfectly stable. They are pegged to some other stable asset but because of latency or something they are not always of identical value. Other stablecoins stabilize their own rate, so they are even less stable. They are considered stablecoins because of their effort to keep the price stable.
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irixo10
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July 07, 2020, 10:09:34 PM |
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I think an act is called an investment when there is a profit or ROI to get from it, having this at the back of our minds we will understand that one can't actually invest in stablecoins because there is nothing to gain from it, that is no ROI. Stablecoins unlike other coins are just used mostly to fix or hold funds from dropping in value or price since they are designed to be stable in price. People should understand there is no profit associated with stablecoins and as such I don't think it's wise holding for a long time.
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July 07, 2020, 10:16:58 PM |
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I can say it is laughable to think that someone will invest in a stablecoin because as we know, it is stable and tends its purpose is to keep it not to fluctuate so there is a little to no means of gaining from it if we invest our money on it. But what if a stablecoin is a POS coin, are you willing to invest in it? Oh well, I will be the first one to admit that I am very interested in investing in it if the stablecoin is staking.
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