Topic: Article "Stable coins: Pointless or the Path to Mainstream" (Read 133 times)
With the current volatility, which is also likely to be present in the foreseeable future, stablecoins are what can make crypto mainstream. As a store owner, accepting btc or other payment coins involves alot of risk. However a good and audited stablecoin like globcoin (soon to be released) the store owners can be sure that they actually will be able to pay for their expenses after receiving payment.
Rather than moving crypto to fiat, stable coins like usdt will keep crypto investments in the crypto currencies. one day it will move again back to alt coins or bitcoins with the good market conditions.
If you are good trader with alert on crypto related news then you can make good profit even with the beer market conditions, in last year btc went to 19k+ and drop again back to 12k, again it went up to 17k and drop back to 7k, next run was 11k and back to 7k etc.. if you able to find tops and bottoms you may have made huge profit even with this strong down trend after btc hit last ATH.
If you are good trader with alert on crypto related news then you can make good profit even with the beer market conditions, in last year btc went to 19k+ and drop again back to 12k, again it went up to 17k and drop back to 7k, next run was 11k and back to 7k etc.. if you able to find tops and bottoms you may have made huge profit even with this strong down trend after btc hit last ATH.
bitbay will eventually be a game changer
Stable coins are needed a lot in the market, but the concept of it is a little too extreme to attain. Then again, it won't be a bad thing entirely if we do have them.
As a believer of blockchain and decentralized model i think their is not much need of any stable or fiat based coin but they are there due to public demand and the only benefit i see is compliance people feel more comfortable in making payments and also the fiat-crypto connection that it provides.
I think volatile coins and stable coins will coexist for a while so no need to panic for the traders.
In my opinion, although volatility is very profitable for some, we can't lose sight of the greater good, the ultimate vision: the whole world can benefit from the wonders of cryptocurrency. This can't happen without them (or some of them) being able to act as a safe store of value.
In my opinion, although volatility is very profitable for some, we can't lose sight of the greater good, the ultimate vision: the whole world can benefit from the wonders of cryptocurrency. This can't happen without them (or some of them) being able to act as a safe store of value.
We are in dire need of stable coins. Although these coins are tough to attain, it will be a huge help of we do have these.
stable coins are and will be in demand. earn on the sale will not work. but to lock in profits on the exchange earned from the volatility of the other altcoins fits perfectly.
The crypto community really needs some good stable coins for daily use. Now, most people are just holding crypro for speculation, and not for daily use, as it was first intended when Bitcoin was created.
Stability is what everyone wants, but the security is losing the appeal of the Crypto market. You should reassess stability because volatility will make us more profitable than balance. The market is stable, and it is a sign of the end.
Stable coins have less volatility and so they have more market value. The market needs more stable coins now. The stable coins can only encourage for the mass adoption of cryptocurrency.
Stable coin are useful in some situation and some people are used to use this stable coin and that wil be popular.
Many traditional banking system and other company who are not used to with fluctuated that's why they are used to with stable coin.
Some company and traders are interested about stable coin for specific reason and that's why it's needed in crypto world.
Stable coins are easily tradable with other cypto currencies. This allows people to maintain their position in the crypto currency market. Also it enables easy access without having a long process of depositing, buying or investing. So, stable coins are an excellent idea!
‘Tether’ is one of the most known stable coin in the crypto market. But there has been some suspicions regarding tether. What the article is saying actually makes sense. Rather than waiting to deposit money to buy crypto during a crash we can just hold on to tether and later convert to btc to buy our coins. That process is way easier and faster.
"What is the difference between our existing system and that of the stable coin?
Not much, it has just one distinguishing feature. Stable coins are blockchain children, and as such, they are tradable with other cryptocurrencies.
So far there have been few methods forjoining the cryptomarket with fiat currency. Not many exchanges have allowed for the trading in or cashing out fiat-crypto or crypto-fiat. People have had to move their holdings around to facilitate being able to spend their money. If cryptocurrency is meant to be the future, there has to be something that will help make the transition.
Stable coins allow people to maintain their position in the cryptocurrency market without them having to ride the stormy seas of volatility. However, they enable easy access to “buying the dip” without having a long process of depositing fiat,buying bitcoin (or Ether), and then perhaps even going on to invest in an altcoin that doesn’t have fiat trade availability. At which point the price has probably gone up again, andyou miss the best spot to invest."
Read full article by Amie Parnaby here: https://www.fxstreet.com/cryptocurrencies/news/stable-coins-pointless-or-the-path-to-mainstream-201807241026
Not much, it has just one distinguishing feature. Stable coins are blockchain children, and as such, they are tradable with other cryptocurrencies.
So far there have been few methods forjoining the cryptomarket with fiat currency. Not many exchanges have allowed for the trading in or cashing out fiat-crypto or crypto-fiat. People have had to move their holdings around to facilitate being able to spend their money. If cryptocurrency is meant to be the future, there has to be something that will help make the transition.
Stable coins allow people to maintain their position in the cryptocurrency market without them having to ride the stormy seas of volatility. However, they enable easy access to “buying the dip” without having a long process of depositing fiat,buying bitcoin (or Ether), and then perhaps even going on to invest in an altcoin that doesn’t have fiat trade availability. At which point the price has probably gone up again, andyou miss the best spot to invest."
Read full article by Amie Parnaby here: https://www.fxstreet.com/cryptocurrencies/news/stable-coins-pointless-or-the-path-to-mainstream-201807241026
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