Bitcoin using or need! Vs stable coins - page 2.

Alert31

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Quote from: Polo7 on October 24, 2019, 02:55:04 PM

Will I Invest my hard earned real money into Bitcoin?? The answer is no! Will anyone who is in rational mind Will Invest in btc?? The answer is clear no!!

Will I Invest into stable coins? The answer is yes!! Stable coins are the best Thing what Ever happened! Clearly but Bitcoin is not.

If I have 100 usdt I know I have it but 1 btc... Welll one day 7000 Other day 8000...

I dont think Bitcoin can survive for long If there is no outside help!!

The swinging 7000-8000 price range is coz of the same Old crypto currency traders trade with each other... So one day joe Win jack s btc and next day jacks wins joe's btc and Exchanger Will take fee...

Traders Not Winners Here!

Then why you're here in crypto if you don't want to invest in bitcoin? Did you know that bitcoin gives people freedom to invest and earn? Bitcoin is very useful in many ways. Also bitcoin is decentralized digital currency that no single authority can control it but the stable coins is centralized on which the value is stable and controlled by the banks. Bitcoins volatilty gives people huge earning if they know how to manage their bitcoin investment.

paxmao

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You do not get it at all do you? Firstly stablecoins are usually backed up by some real coin - Which means that they are subject to inflation. Second, you have a huge third party risk in using them: you have to trust the issuer and the guarantor of the value. If all you want is to move money around, you have a banking system that mostly allows you to do so 100 times a day if you want. Bitcoin is not about that, it is a peer to peer transaction system that is TRUSTLESS. Basically quite the opposite of what you get on the so called stable coins.

Anguwa

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Quote from: Polo7 on October 24, 2019, 02:47:38 PM

WHO need Bitcoin and Why anyone Will use Bitcoin? If we have stable coins wich You can transfer around the world all Ready instantly
And They are stable.

Bitcoin is Not money Bitcoin is gamble, One day You put money in Other day You might lose it.

There is no clear way to predict btc price either.

So Why we exacly need Bitcoin?

Year 2019 who need Bitcoin??
Year 2020 who need? And who Will be using Bitcoin year 2025 Huh

Bitcoin Will lose all the power If there is no clear Reason Why would we need btc and how we gona use it.

Day traders swing traders... Don't keep Bitcoin alive for too Long all They do is trading btc with each other, there is no profit but Will be losses.

But look at the stable coins They are stable and have same aspects as Bitcoin has, so Can anyone explain to me who or why Will need Bitcoin?

One can can't predict what can happen in the future or in the coming years, as nobody knows how cryptocurrency market will be today, stablecoin are made stable to make holding easy so as to access the crypto market safely. Bitcoin has a very bright future in the entire crypto world, if you think people will not adopt bitcoin just flash back 3-4 years back, the entire crypto market is not as if is today, because today many people now notice how important cryptocurrency is to them so they adopt crypto, so it's not yet over for bitcoin, there is more time.

Rufsilf

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Well, for starters, they're both cryprocurrencies but hey, these two have almost nothing in common and they do have a big difference as for its uses and for the people. Stablecoins is also a digital currency with a value tied by the local currencies or US Dollar for example, and these coins are completely centralized because its value or market price is controlled by central banks which makes it less risky to invest and trust on. While bitcoin, is also a digital currency and is a complete decentralized meaning there's no authorities that is controlling it or who watches every transactions made into the system. It's value isn't backed by any currency or commodities which makes it extremely volatile. But bitcoin has proved its existence for more than a decade now and it remains the most trusted cryptocurrency of all time.

It's a matter of where you trust your funds to invest, no one is pursuing you where. It's your decision where.

Xampeuu

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bitcoin is a product of today's developments. High volatility is currently the hallmark of cryptocurrencies, this is not without reason, we know price formation occurs because of supply and demand, with the lack of bitcoin users causing whales to make movements as they wish, but I think the more countries that legalize it, bitcoin will eventually become will become more stable

StLucifer

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people need bitcoin for their salary, for profit. we can use crypto as payment, around the world, but that coin must be stable, no up down value, it have same cost in every country. every country can create their own coin than make regulation about it, so poeple there some equally between each country.

syedakhlaque

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Bitcoin is a cryptocurrency business. This business has earned a good name in the world. It is sharing its good role in the economy of world. We need to use it for earning. We need it to do business. We need it for a good activity. We need it to learn about cryptocurrency. We need it to get knowledge and experience. So bitcoin is a stable coin that has more than done decade of life this time. So Bitcoin is a coin that we need to use to know about advanced technology and E-commerce.

HarmonyA

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Quote from: Polo7 on October 24, 2019, 02:47:38 PM

WHO need Bitcoin and Why anyone Will use Bitcoin? If we have stable coins wich You can transfer around the world all Ready instantly
And They are stable.

Bitcoin is Not money Bitcoin is gamble, One day You put money in Other day You might lose it.

There is no clear way to predict btc price either.

So Why we exacly need Bitcoin?

Year 2019 who need Bitcoin??
Year 2020 who need? And who Will be using Bitcoin year 2025 Huh

Bitcoin Will lose all the power If there is no clear Reason Why would we need btc and how we gona use it.

Day traders swing traders... Don't keep Bitcoin alive for too Long all They do is trading btc with each other, there is no profit but Will be losses.

But look at the stable coins They are stable and have same aspects as Bitcoin has, so Can anyone explain to me who or why Will need Bitcoin?

I can perceive the manipulation of the bitcoin market by crypto whales. Stable coins are pegged to an already existing currency, this make it relatively reliable that Bitcoin in a layman knowledge of investment.
But Bitcoin carries an intrinsic value that outweighed the value of stable coins.
Traders would prefer trading with bitcoin and banking on stable coins in order to sustain their investment profits.

BartS

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Quote from: JeffBrad12 on December 02, 2019, 04:02:25 AM

Quote from: Triffin on November 29, 2019, 01:07:36 PM

Quote from: desticy on November 26, 2019, 02:18:14 PM

By and large, stable coins are nothing more than market-based instruments that allow you to somewhat expand the functionality of the crypto market itself.
Whether stable coins would exist if there were no bitcoin is a big question, however, the technology somehow does not stand still, which means sooner or later development would come to the creation of cryptographic currencies.

In other words, the current methods of storing information and databases themselves are pushing technology to create something like decentralized and more secure than before.
Therefore, I think the creation of cryptography was only a matter of time.

Imagining the digital coin market existence without bitcoin is not possible. Bitcoin laid the foundation of all crypto coins, whether stable or not. None of them could ever created without the mother of crypto currencies. Blockchain is not a very new concept but the first implementation of it can be considered bitcoin and every system of the world can improve itself with integrating this technology.

Even without bitcoin all these stablecoin will just become useless coin with no real use and just have fancy name. Despite being stable the adoption of these stablecoins are lacking and I can't see it being used for a better purpose other than just a temporary store of value and trade pair. The whole reserved fund also controlled by private companies meaning middle man and that's too risky. I would even consider bank as a safer option than this one.

Recently there has been a lot of attention given to stable coins and all of this started when Facebook decided that they wanted to release their own coin, and now even if those plans are nothing but a dream it started a conversation about whether or not stable coins were the future of this market, and I think we can safely conclude that is not the case.

Without bitcoin not a single one of those coins will be here and if a private institution tries to release a coin like that it will face the same problems that Facebook has faced.

Twentyonepaylots

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Quote from: JeffBrad12 on December 02, 2019, 04:02:25 AM

Quote from: Triffin on November 29, 2019, 01:07:36 PM

Quote from: desticy on November 26, 2019, 02:18:14 PM

By and large, stable coins are nothing more than market-based instruments that allow you to somewhat expand the functionality of the crypto market itself.
Whether stable coins would exist if there were no bitcoin is a big question, however, the technology somehow does not stand still, which means sooner or later development would come to the creation of cryptographic currencies.

In other words, the current methods of storing information and databases themselves are pushing technology to create something like decentralized and more secure than before.
Therefore, I think the creation of cryptography was only a matter of time.

Imagining the digital coin market existence without bitcoin is not possible. Bitcoin laid the foundation of all crypto coins, whether stable or not. None of them could ever created without the mother of crypto currencies. Blockchain is not a very new concept but the first implementation of it can be considered bitcoin and every system of the world can improve itself with integrating this technology.

Even without bitcoin all these stablecoin will just become useless coin with no real use and just have fancy name. Despite being stable the adoption of these stablecoins are lacking and I can't see it being used for a better purpose other than just a temporary store of value and trade pair.

Well we must also think that stable coins were created because of the bitcoin, since bitcoin started the revolutionary digital currency. Even if what coin could have invented way back then, there will be a stable coin to be created for safe value storage.

Quote from: JeffBrad12 on December 02, 2019, 04:02:25 AM

The whole reserved fund also controlled by private companies meaning middle man and that's too risky. I would even consider bank as a safer option than this one.

Yes it is true, just think of it if no one has a control on it, do you think there will be stability on price at all?
What do you mean by the risk? Stable coins were made just to unit an account temporarily like when you are trading and the market behaves wildly so what will be your safe haven, obviously these stable coins. That is why we have stable coins right now.

JeffBrad12

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Quote from: Triffin on November 29, 2019, 01:07:36 PM

Quote from: desticy on November 26, 2019, 02:18:14 PM

By and large, stable coins are nothing more than market-based instruments that allow you to somewhat expand the functionality of the crypto market itself.
Whether stable coins would exist if there were no bitcoin is a big question, however, the technology somehow does not stand still, which means sooner or later development would come to the creation of cryptographic currencies.

In other words, the current methods of storing information and databases themselves are pushing technology to create something like decentralized and more secure than before.
Therefore, I think the creation of cryptography was only a matter of time.

Imagining the digital coin market existence without bitcoin is not possible. Bitcoin laid the foundation of all crypto coins, whether stable or not. None of them could ever created without the mother of crypto currencies. Blockchain is not a very new concept but the first implementation of it can be considered bitcoin and every system of the world can improve itself with integrating this technology.

Even without bitcoin all these stablecoin will just become useless coin with no real use and just have fancy name. Despite being stable the adoption of these stablecoins are lacking and I can't see it being used for a better purpose other than just a temporary store of value and trade pair. The whole reserved fund also controlled by private companies meaning middle man and that's too risky. I would even consider bank as a safer option than this one.

elewton

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Quote from: Polo7 on October 24, 2019, 02:47:38 PM

Year 2019 who need Bitcoin??
Year 2020 who need? And who Will be using Bitcoin year 2025 Huh

Bitcoin Will lose all the power If there is no clear Reason Why would we need btc and how we gona use it.

Day traders swing traders... Don't keep Bitcoin alive for too Long all They do is trading btc with each other, there is no profit but Will be losses.

But look at the stable coins They are stable and have same aspects as Bitcoin has, so Can anyone explain to me who or why Will need Bitcoin?

The high demand for bitcoins is due to its high price and these are the fomo effects. meaning people tend to chase after rising assets and then they will go up. Like real estate, when land prices go up, people seem to pour money to buy it and expect a rich future. Everyone is like that because money is extremely important in this life. Therefore, people are always chasing after money and they are not afraid of fraud because many people now realize that bitcoin has great growth potential. The reason is simply that.

BartS

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Quote from: jostorres on November 29, 2019, 01:17:35 PM

Let me ask you a question OP: what do you think about those that invested in Bitcoin and became millionaires after some years, do you think they are fools as well? Because my life changed for the better when I started investing my money in Bitcoin. So, does that mean that we are all fools? Lol. Well, I'd rather be than be someone who is broke.

Nobody is forcing you to be part of this, no one is forcing you to invest in Bitcoin, it's your choice. And no one forced you to be part of this community, but you still came here. I know for sure that you invest in Bitcoin, but here you are calling people that does the same fools, lol, which you know for sure that you're one. It's not a good idea man, you shouldn't say such about people when you know for sure that we all are not the same.

There are many newbies out there that are making the mistake of investing in something that they do not really understand, so even if they invest in bitcoin and they have definitely selected one of the best investments that a person could make since they do not know anything about it, it can still be considered to be a bad investment.

But for the people that have been in this market for several years and know very well what they're doing bitcoin is by far the best investment that they could have made.

jostorres

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Let me ask you a question OP: what do you think about those that invested in Bitcoin and became millionaires after some years, do you think they are fools as well? Because my life changed for the better when I started investing my money in Bitcoin. So, does that mean that we are all fools? Lol. Well, I'd rather be than be someone who is broke.

Nobody is forcing you to be part of this, no one is forcing you to invest in Bitcoin, it's your choice. And no one forced you to be part of this community, but you still came here. I know for sure that you invest in Bitcoin, but here you are calling people that does the same fools, lol, which you know for sure that you're one. It's not a good idea man, you shouldn't say such about people when you know for sure that we all are not the same.

ReiMomo

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Bitcoin is very profitable when you are using on it in trading, the volatility on it will give traders profit and the fluctuation will have to circulate Bitcoin and others make a profit while others are in loose. Stable coins like fiat are still useful because when bitcoin too much deep we can switch into stable coin and cut the losses. The real concept here why the reason there are many people believed in bitcoin because of it good to have profit and investment.

Triffin

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Quote from: desticy on November 26, 2019, 02:18:14 PM

By and large, stable coins are nothing more than market-based instruments that allow you to somewhat expand the functionality of the crypto market itself.
Whether stable coins would exist if there were no bitcoin is a big question, however, the technology somehow does not stand still, which means sooner or later development would come to the creation of cryptographic currencies.

In other words, the current methods of storing information and databases themselves are pushing technology to create something like decentralized and more secure than before.
Therefore, I think the creation of cryptography was only a matter of time.

Imagining the digital coin market existence without bitcoin is not possible. Bitcoin laid the foundation of all crypto coins, whether stable or not. None of them could ever created without the mother of crypto currencies. Blockchain is not a very new concept but the first implementation of it can be considered bitcoin and every system of the world can improve itself with integrating this technology.

desticy

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By and large, stable coins are nothing more than market-based instruments that allow you to somewhat expand the functionality of the crypto market itself.
Whether stable coins would exist if there were no bitcoin is a big question, however, the technology somehow does not stand still, which means sooner or later development would come to the creation of cryptographic currencies.

In other words, the current methods of storing information and databases themselves are pushing technology to create something like decentralized and more secure than before.
Therefore, I think the creation of cryptography was only a matter of time.

BartS

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Quote from: Polo7 on October 24, 2019, 02:47:38 PM

WHO need Bitcoin and Why anyone Will use Bitcoin? If we have stable coins wich You can transfer around the world all Ready instantly
And They are stable.

Bitcoin is Not money Bitcoin is gamble, One day You put money in Other day You might lose it.

There is no clear way to predict btc price either.

So Why we exacly need Bitcoin?

Year 2019 who need Bitcoin??
Year 2020 who need? And who Will be using Bitcoin year 2025 Huh

Bitcoin Will lose all the power If there is no clear Reason Why would we need btc and how we gona use it.

Day traders swing traders... Don't keep Bitcoin alive for too Long all They do is trading btc with each other, there is no profit but Will be losses.

But look at the stable coins They are stable and have same aspects as Bitcoin has, so Can anyone explain to me who or why Will need Bitcoin?

Those stable coins will not exist at all if bitcoin did not existed and if bitcoin disappeared then those stable coins will disappear as well, but what will happen to bitcoin if stable coins disappeared?

Absolutely nothing, bitcoin will be fine and will continue as if nothing happened, when you understand this it is easy to see which coin is the leader and which coin is the one that depends on the other, unlike many members in the forum I see the need for stable coins but make no mistake this market belongs to bitcoin.

fiulpro

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You know I think it depends on the person using the Bitcoins and other currencies.
If he is doing something that involves governmental stairs then he would be more comfortable using the money and local currency also the same case when you are doing anything local.
But when you for an example are working online and the person who is hiring you is from like the opposite part of the world I think Bitcoins would be the choice if the payment since you won't have to go through everything.
Therefore I think it depends.

bitbunnny

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Trading is based on Bitcoin volatility. If it wasn't that feature there will be also no trading, volatility is the reason why traders make profit.
On the other hand that is not good stability of economic or financial system. Imagine how would look like if you were paid in voalatile currency or if economy would depend on volatile coins, that is not good for prosperity. That is why we need stable coins and why Bitcoin will not become mainstream currency.

Topic: Bitcoin using or need! Vs stable coins - page 2. (Read 1186 times)