No coin is stable all is just a deceit

[Oshosondy]

Bitcoin has been the most successful cryptocurrency ever existing, its price is not stable, it can devalue and valuate again, but all noticed that after all fluctuations the price will still increase, people that invested in it in the past and hold for long gained. That is bitcoin for us, it is not stable but its price will increase. But because of the price fluctuations of unstable coins, the issue was thought to be solved by stable coins like USDT, USDC, TUSD, BUST and others that are existing. But is the value of these stable coins truly stable?

The price of the stable coins are approximately equivalent with USD or like the EURS that have approximately equivalent price with Euro. If these cryptocurrencies are like this, why are they called stable coins? This has only being the world meaning but not the actual fact but another meaning entirely because the coins that mimic fiat csn not be considered stable coins.

If the price of US dollar falls, also the price of the coins that mimic US dollar are also falling, but some people may no know this, nothing is called stable coin, it is a lie, it can be good if such true stable coin is created but non is existing at present time.

With what I have known about stable coins, no coin is yet stable while bitcoin which is deflationary is the best among all.

[NeuroticFish]

But is the value of these stable coins truly stable?

How stable the stable coin is depends on the issuer and if you buy the stable coin you'll have to trust the issuer that will keep the value as close as possible to the "value" they claim to have it pegged to.
Especially USDT has a history of problems, of long periods of time the value was not even close to USD and the well known shady behavior on how much (if at all) of the huge amount of USDT is actually backed with real money (as it should).

So, it's all about the issuer and how honest the issuer is. After all, even the US dollar or the Euro are not stable over time...

[Oshosondy]

After all, even the US dollar or the Euro are not stable over time...

Exactly the point, if likely the fiat are devalued tomorrow, also stable coins will automatically devalue. How about the world have real stable coin that even if fiat devalue, it will remain stable and increase in price because of the devalued fiat which is used to compare its price. I do not think such coin has ever existed, it will be my favorites after bitcoin for trading instead of the fiat pegged stable cryptocurrencies.

[NeuroticFish]

How about the world have real stable coin that even if fiat devalue, it will remain stable

Even the "entities" telling how much this or that fiat has lost in value this or that year may not always be correct (i.e. they come with later corrections) and possibly not always in sync.
Also afaik they usually don't come with this kind of numbers in real time (!). Of course, I am not much into this subject and may be very wrong...

However, I don't know if somebody would care to implement such a coin, especially as governments have no interest in such endeavors. All they care is that 1 USD = 1 USD, 1 EUR = 1 EUR and so on...
And if such a coin would be created, ... you'll have, again to trust the issuer 

[Porfirii]

But because of the price fluctuations of unstable coins, the issue was thought to be solved by stable coins like USDT, USDC, TUSD, BUST and others that are existing. But is the value of these stable coins truly stable?

You have stated yourself in your opening post. I have always thought that the name was quite self-descriptive, but I suppose that almost everything is open to interpretation.

Stable doesn't mean here that it will have a parity with all fiat currencies, as they fluctuate between them (obvious), nor that it assures you the same buying power in time. It means that they are not designed to undergo the crypto's common big fluctuations, as long as there is no black swan event.

[Oshosondy]

It means that they are not designed to undergo the crypto's common big fluctuations, as long as there is no black swan event.

How about calling them fiat-pegged coins, they are just not stable, they are controlled by fiat prices no matter what. I see your reason to be correct, they are different from unstable coins but they are rather also not stable coins.

[Porfirii]

How about calling them fiat-pegged coins, they are just not stable, they are controlled by fiat prices no matter what. I see your reason to be correct, they are different from unstable coins but they are rather also not stable coins.

Yes, I agree that fiat-pegged coin is an even more accurate name for them. As far as I know, they are known this way too. But I suppose that the term "stablecoin" has more punch in order to make it more fluid to say, so the press, crypto-influencers and, eventually, almost everyone have adopted it.

Not the best term ever if we want to philosophize about the meaning, but still quite self-explanatory to me. Anyway, thanks for pointing this out, it is always healthy to maintain some degree of critical thinking about these newly crafted words.

[RabbiTANK]

Bitcoin has been the most successful cryptocurrency ever existing, its price is not stable, it can devalue and valuate again, but all noticed that after all fluctuations the price will still increase, people that invested in it in the past and hold for long gained. That is bitcoin for us, it is not stable but its price will increase. But because of the price fluctuations of unstable coins, the issue was thought to be solved by stable coins like USDT, USDC, TUSD, BUST and others that are existing. But is the value of these stable coins truly stable?

The price of the stable coins are approximately equivalent with USD or like the EURS that have approximately equivalent price with Euro. If these cryptocurrencies are like this, why are they called stable coins? This has only being the world meaning but not the actual fact but another meaning entirely because the coins that mimic fiat csn not be considered stable coins.

If the price of US dollar falls, also the price of the coins that mimic US dollar are also falling, but some people may no know this, nothing is called stable coin, it is a lie, it can be good if such true stable coin is created but non is existing at present time.

With what I have known about stable coins, no coin is yet stable while bitcoin which is deflationary is the best among all.

Volatility isn't an issue, bitcoin and other coins are built to work this way also the existence of stable coins isn't to fix issue of Bitcoin and others, it seems you don't understand much about crypto, if you believe that stablecoins are here to fix bitcoin price loss issue then invest in stable coins and let see what you made out of it

[Claudio99]

Bitcoin has been the most successful cryptocurrency ever existing, its price is not stable, it can devalue and valuate again, but all noticed that after all fluctuations the price will still increase, people that invested in it in the past and hold for long gained. That is bitcoin for us, it is not stable but its price will increase. But because of the price fluctuations of unstable coins, the issue was thought to be solved by stable coins like USDT, USDC, TUSD, BUST and others that are existing. But is the value of these stable coins truly stable?

The price of the stable coins are approximately equivalent with USD or like the EURS that have approximately equivalent price with Euro. If these cryptocurrencies are like this, why are they called stable coins? This has only being the world meaning but not the actual fact but another meaning entirely because the coins that mimic fiat csn not be considered stable coins.

If the price of US dollar falls, also the price of the coins that mimic US dollar are also falling, but some people may no know this, nothing is called stable coin, it is a lie, it can be good if such true stable coin is created but non is existing at present time.

With what I have known about stable coins, no coin is yet stable while bitcoin which is deflationary is the best among all.

I want you to know a certain fact, if Bitcoin, Ethereum and other are stable coins you won't be here today, simply because you won't have a reason to be here, who would invest in non volatile coins and expect profits? The fact that Bitcoin rises and falls is what makes the most sense out of it

[Smartvirus]

A coin's stability is mainly based on the issue who has an equivalent reserve of the coin they hold. That's simply why the coin is considered stable as despite the fluctuation that occurs about other coins in the market, the value for which your stable coin is about is relatively the same. I use the world relatively because, it's not always same at some point, it might experience a slight change over long periods but it's often not enough to cause a significant change in the value of what is held. Hence, It becomes a stronghold in times of retracement or a down trend in the cryptosphere.

[Apostlekin$$$]

Bitcoin has been the most successful cryptocurrency ever existing, its price is not stable, it can devalue and valuate again, but all noticed that after all fluctuations the price will still increase, people that invested in it in the past and hold for long gained. That is bitcoin for us, it is not stable but its price will increase. But because of the price fluctuations of unstable coins, the issue was thought to be solved by stable coins like USDT, USDC, TUSD, BUST and others that are existing. But is the value of these stable coins truly stable?

The price of the stable coins are approximately equivalent with USD or like the EURS that have approximately equivalent price with Euro. If these cryptocurrencies are like this, why are they called stable coins? This has only being the world meaning but not the actual fact but another meaning entirely because the coins that mimic fiat csn not be considered stable coins.

If the price of US dollar falls, also the price of the coins that mimic US dollar are also falling, but some people may no know this, nothing is called stable coin, it is a lie, it can be good if such true stable coin is created but non is existing at present time.

With what I have known about stable coins, no coin is yet stable while bitcoin which is deflationary is the best among all.

You shouldn't compare the rise and fall of FIat and stablecoins with the rise and fall of crypto projects like Bitcoin, the lowest I've seen USDT goes was 0.98$ and since it's pegged to USD it does makes sense, sometimes USD loses value too but just bit of it, they are not highly volatility like Bitcoin and other coins

[Mighty_crypt]

After all, even the US dollar or the Euro are not stable over time...

Exactly the point, if likely the fiat are devalued tomorrow, also stable coins will automatically devalue. How about the world have real stable coin that even if fiat devalue, it will remain stable and increase in price because of the devalued fiat which is used to compare its price. I do not think such coin has ever existed, it will be my favorites after bitcoin for trading instead of the fiat pegged stable cryptocurrencies.

Is there anyway to differentiate stable coins from Bitcoin and other unstable coins? Of cos not, USDT, USDC and others are pegged to USD FIAT, there is no other way to categories these coins that to call them stable coins, in 2017 I hold 7000$ worth of USDT and I got my 7000$ USDT when I needed it in 2018, it works just like keeping FIAT, let's stop arguing on this pls

[tranthidung]

How about calling them fiat-pegged coins, they are just not stable, they are controlled by fiat prices no matter what.

Stability here should be explained in 2 sides:

• Fiat: Theoretically, one stable coin (USDT, ie) is pegged by 1 USD should have a value of 1 USD. But over time, even 1 USDT has a value of 1 USD, the value of 1 USD will fall. This way, you are saying about unstability of fiat, not stable coins.
• Stable coin (itself): its price can be changed on the market (from trading activities) or from their companies. If there is drama on how they cheat and mint their stable coins from the air, without enough pegged USD/ fiat, stable coin price will be collapsed on the market.
• Only talk about crypto market
  
  • Stable coins are not actually stable. They have lower votality on other cryptocurrency but not truly stable
  • See my analysis for details: Stable coins - Price, volume history and changes with bitcoin fluctuations
  • Among stable coins, USDT has good stability and dominated volume