do we really need stable coin?

[Aqib Sarwar]

 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?

[1714745070]

1714745070

[CryptoTalk365]

stable coin is very useful to be able to keep assets in order not to fall you could certainly see when bitcoin has decreased drastically suddenly then you will experience substantial losses see today if bitcoin fall we can buy a stable coin with a value fixed for example you buy one bitcoin at a price of $ 10000 you can sell at a price of $ 11000 with stable coin usdt and USDC if bitcoin down $ 9,000 you can buy more with stable coin bitcoin is very useful for traders bitcoin.

[CryptoDost]

It just takes patience and perseverance to value the true nature of bitcoin. Prices rocket up inconceivably bitcoin on it's way to $20,000. If said thing is to happen, it will be very unwise for you not to know how to Increase your Btc instead of Just Hodlin. I got this tips first hand from Larry Thompson. He is always one step ahead of other traders, he fully monitored all my trades to avoid me making mistakes and losing my money.

[Festac]

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 are very useful most expecially for crypto traders, I always make sure I leave few hundreds of dollars in my wallet to buy coins when price goes way to low for a top altcoin or bitcoin, usdt stable coin is the most popular and it's available on many exchanges, DAI is the best decentralized stable coin if you want privacy

[ohyeahhaha122]

stablecoins are really useful in this market that is always volatile, you can keep your assets safe at stablecoins, useful in buying and selling very large because their value is not lost, and traders need stablecoin.

[Teraboy]

stablecoins are really useful in this market that is always volatile, you can keep your assets safe at stablecoins, useful in buying and selling very large because their value is not lost, and traders need stablecoin.

The stable coin can be a very good option for those who wanna try to avoid the volatility, stable coin can also be used as a stable payment system too that the merchant will not feel worry about the possibility to get a loses due to the volatility.

[Lantind]

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?

Basically everyone needs stable coins only in terms of temporary asset storage, but specifically everyone also needs good and volume-wise coins to make it easier to trade for profit, because stable coins will not be suitable for crypto trading.

[alicea]

Yes, we really do need stable coins because stable coins help us during the volatile market. It's a kinda safe haven when BTC is dumping/pumping like crazy because whenever BTC pumps or dumps hard all alts suffer.

[BestEarningTips]

Yes, we do. Just imagine that stable coins in crypto play the roles of fiat currencies in real world. The primary use of stable coins is to measure bitcoin's price. That said, only a couple of stable coins is enough. We don't need a ton of stable coins like now. The problem with stable coins is authenticity: an USDT must be backed up by an USD.

[Towerbreeze]

Stable coin is a life safer from unstable crypto market, it's best way to keep your coins locked at a fixed price or stable price, it's a perfect safe haven from volatility, only those who don't understand what stable coins do will talk against stable coin

[Ayiranorea]

Without stable coins it isn't easy to get into trading. Most of the small volume traders prioritise cryptocurrency pairs with stable coins on trading. Also users who are worried about the market fluctuation of cryptocurrencies can prefer holding stable coins. This will be more secure and won't affect the capital.

[Sourhearrt]

Yes I need stable coins for the following

1. To make trades on binance exchange
2. To hold few dollars and wait for opportunities to buy coins at very cheap price

Crypto market is very unstable, price surge and price dump unexpectedly most times, having stable coins in your wallet is the best move for trader who knows what they are doing

[Metall303]

Of course, we need stable coins to insure the risks of trading. If stable coins do not exist then people will not be able to exit the position in time and will lose their money

[Princejebs]

While the future of main crypto is still uncertain. One of the biggest issues is Bitcoin's status as a store of value and a bubble that can increase and decrease any time depending on the fundamentals, Stable coins are considered as safe heaven by investors and traders to avoid this huge losses.

Mostly adopted by top exchanges for trading, look at BTC/USDT, ETH/USDT AND LTC/USDT Volume compare to other trading pairs, stable coin dominate the entire exchanges.
Majority of future Exchange  traders /institutional investors preferred to be settle in PNL USDT than BTC.

This stable currency are also alternative to Fiat/ physical currency

[crypto4jan]

Stable coins are all about trust and the trust is based on the link to real-world assets.
That is the weak part of stable coins the link with these assets.
Who guarantees the amount of needed collateral and the collateral can't be invested in other assets so the financial return is zero.
With a financial disaster and a huge amount of stable coin in circulation, the system can collapse.
Do we need Stable coin, yes!
I work on the application of Stable coin for Stakecoin.
But have no solution for the collateral funding.

[Akiko]

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 mostly use by traders in exchange, for traders who always want to secured their profit that currency can help mostly if you have large funds use for trading.

We need this so that our trading will not be disturbed every time we want to take profit without having  the need to use  our banks to secure it .

[Dollar_Hunter]

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?

now we still need it, because to save funds from our trade, we know that crypto currencies are still very volatile, and stable coins are still needed, just wait until crypto currencies are not volatile, then stable coins I think there will be no need anymore

[jessyj48]

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?

You are a newbie and you aren't into trading that's why you don't understand how important stable coins are, crypto isn't always stable and only stable coins gives full stability to its users, store stable coins for trading or for fixing volatility

[naomi-the-cat]

Stablecoins are the nice safe haven inside crypto space, they have thier own purpose for sure

[Jackl87]

Stable Coins are a comfortable way to secure a profit or to prepare a certain amount of money for an investment that won't change in value every day.
You don't have to think about volatility of ETH for example all the time and can be sure that the 1000$ you paid for are still 1000$ in a week or month.