do we really need stable coin?

[jrrsparkles]

think if we should look back in 4 years back in cryptocurrency industry, crypto do very well to be stable in the price value, but is very difficult this days to see crypto that's actually valueable, not until we started seen stable coins in the crypto market but there's no change in the value, Do you think we need stable coins?

Stable coins has stable values backed by the fiat and it is not going to make the whole crypto market as a stable market, the decentralized currencies are still at the top most of the coinmarket cap and there were thousands of them also gets value them in that way.We don't really need the stable coins but it is useful for the traders that is why tether is on the top list as well.

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[albon]

I personally don't see the reason why every cryptocurrency should be stable. Its awesome to have the volatility of cryptocurrency as we see in the present market. The major reason why people benefit from trading in this space is because of volatility. There are several stablecoin project emerging daily and USDT is no longer the only stable coin in the space we have several others like the BUSD, USDC, DAI etc. The stable coin market can run simultaneously with the volatility market.

I agree with you, if we were holding stable coins to this day during the improvement of the market, we would have lost a lot of profits, these stable coins are useful for those who understand market volatility and know the right time to buy and sell, In this case, stable coins would be a good choice for him to protect his money from risks.

[IvugeoEvolutionCoin]

I personally don't see the reason why every cryptocurrency should be stable. Its awesome to have the volatility of cryptocurrency as we see in the present market. The major reason why people benefit from trading in this space is because of volatility. There are several stablecoin project emerging daily and USDT is no longer the only stable coin in the space we have several others like the BUSD, USDC, DAI etc. The stable coin market can run simultaneously with the volatility market.

Your last statement is valid, we need stable coins since the crypto market is highly volatile especially to lock in profit. Also, some people hold stable coins to buy their favorite coins at dip as a trading strategy. Stable coins are very important in this space, hence anyone against stable coins doesn't really comprehend the necessity.

[Oppo57]

If cryptocurrency prices are stable then one should not dream about what to do. Because if the price is stable then there will be no profit in this case. Many like me have taken cryptocurrency as their job. We can only benefit when the value of cryptocurrency fluctuates.

[Oppo57]

There is no reason to legalize cryptocurrency in all countries of the world. Whether any country in the world legalizes cryptocurrency or not, their activities will continue. So always hope cryptocurrency good luck tie.

[Wingsbtc]

For many traders stable coins are important but since many sees top coins as stable because of fast recovery thy have no problem storing funds in Bitcoin, ethereum and few other reliable top altcoins

[Google+]

If cryptocurrency prices are stable then one should not dream about what to do. Because if the price is stable then there will be no profit in this case. Many like me have taken cryptocurrency as their job. We can only benefit when the value of cryptocurrency fluctuates.

The price movement of cryptocurrency can never be stable because if you know that the cryptocurrency price will have a significant movement, if there is no price movement it can be said that the project is dead because there are no buyers and no one is interested in the project, so it is certain as happened to bitcoin the price is always moving up and down.

[Iyeman]

yes I think we really need a stable coin because it will be very useful in saving funds for transactions and can be stored for the long term without fear of falling prices and also have low risk
i really like coin stable

WE actually need it as a subtition for the fiat money and everyone will be able to using the stable coin as their best option for the cash. In crypto stable coin has a very important role and it will also increase the liquidity.

[Aaroenz0r]

yes I think we really need a stable coin because it will be very useful in saving funds for transactions and can be stored for the long term without fear of falling prices and also have low risk
i really like coin stable

WE actually need it as a subtition for the fiat money and everyone will be able to using the stable coin as their best option for the cash. In crypto stable coin has a very important role and it will also increase the liquidity.

This is right! Stablecoins in the cryptocurrency market have the important role! Because the cryptocurrency market is very volatile, investors need a way to store their capital without being affected by the fluctuations of the price. Stablecoins are created to keep their value as stable as possible, for example, the value of USDT is always around $1. Therefore, we can store our capital without worrying about losing value!

[Psynthax]

For many traders stable coins are important but since many sees top coins as stable because of fast recovery thy have no problem storing funds in Bitcoin, ethereum and few other reliable top altcoins

that's actually false. most of people still sees the true cryptocoin as an asset that fluctuate a lot. most of people are still using USDT to save their asset worth and thats the reason why USDT market is so big right now that they could issue so much money like crazy despite all the rumour.

[VanityWallets2015]

Stable coins would be ideal in this volatile market. Stable coins mean stable profits.
Stable coins could prevent losses and lessen the risk of investing and trading.
But crypto industry has always been volatile in movement and will continue so.

[MikeyVeez]

Yes, stablecoins are good for many different use cases, it is a tool for decentralized finances. It helps to create different financial instruments such as hedging, lending, etc. But the problem is how to create really decentralized and trusted stablecoin? Tether is stable, but it is not decentralized. DAI is decentralized, but every time when crypto falls, we pray for the stability .

[FaucetKING]

I think that we don't need stable coins and stable tokens. The solution to the volatility could be achieved once every trading platform allow their users to instantly change between Btc and altcoins into Fiat. To be honest, the fact that the fiat pairs aren't available is the reason why stablecoins exist. I think that they are worthless, taking the marketcap that should be injected into bitcoin and altcoins.

[whyrqa]

Yes, stablecoins are good for many different use cases, it is a tool for decentralized finances. It helps to create different financial instruments such as hedging, lending, etc. But the problem is how to create really decentralized and trusted stablecoin? Tether is stable, but it is not decentralized. DAI is decentralized, but every time when crypto falls, we pray for the stability .

You are really right and the impression is that decentralization and stability are simply incompatible with each other and we have to be satisfied with such stablecoins that we have today. At least for me, it is Tether that satisfies all my requests, which are primarily related to minimizing risks when trading and investing.

[SyndicateLabs]

Think about it, you need money to spend on your life. And in this market, too, stablecoins will help you easily buy the altcoins you want in this market and do not spend too much money for exchanges.

[lousie9]

actually in this cryptoqurrency space there are already many stable coins such as USDT, USDC etc. Stable coins are often used for Trading Pairs or keeping your investment safe, because stable coin prices always move at a fixed price. If you don't like a high risk appetite for investing, then stable coins are your choice.

[imstillthebest]

Yes, stablecoins are good for many different use cases, it is a tool for decentralized finances. It helps to create different financial instruments such as hedging, lending, etc. But the problem is how to create really decentralized and trusted stablecoin? Tether is stable, but it is not decentralized. DAI is decentralized, but every time when crypto falls, we pray for the stability .

You are really right and the impression is that decentralization and stability are simply incompatible with each other and we have to be satisfied with such stablecoins that we have today. At least for me, it is Tether that satisfies all my requests, which are primarily related to minimizing risks when trading and investing.

if tether cant handle both worlds it can still work on one which being stable but not decentralized atleast it help you not loose precious gains but at the same time you can still convert your stable coin to cryptos again if you want the decentralized feel .

 i need stable coins , why not . we all need it because we value every gains that we earn   .  those who said they dont need stable coins are going to face huge risk or wont stand for too long in investing .

[Malam90]

think if we should look back in 4 years back in cryptocurrency industry, crypto do very well to be stable in the price value, but is very difficult this days to see crypto that's actually valueable, not until we started seen stable coins in the crypto market but there's no change in the value, Do you think we need stable coins?

There is no actual stable coins like USD or EURO in crypto markets or supported  with those stable coins which are considered the most usable stable coins in the world. Ue use USDT for majoring our portfolio but USDT is not real USD. So there is a need of stable coins like USD or EURO but by nature, it is still not possible. Who knows future will say?

[Wingo]

think if we should look back in 4 years back in cryptocurrency industry, crypto do very well to be stable in the price value, but is very difficult this days to see crypto that's actually valueable, not until we started seen stable coins in the crypto market but there's no change in the value, Do you think we need stable coins?

Of course, when things go bad for crypto, we need a safe haven to preserve our holdings. And it's a lot easier to convert to stable coins than converting back to fiat especially when you are trading.
Stable coins also have a great use in e-commerce. It is made to solve the problem with volatile cryptocurrencies.
With the given fact that these currencies are not volatile, it can be used as payment for transactions. And take note that most stable coins like $BUSD ($USDT is not 100% backed with fiat USD) are fully U.S.-regulated and are backed with real fiat.

[amos77978]

stable coins are important.. far more important than you think... when the market is down and you're feeling helpless quickly think stable coin.. that's all I have to say... goodluck