Bitcoin using or need! Vs stable coins - page 3.

supercanada1

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Quote from: Sahyadri on November 18, 2019, 10:05:15 AM

Bitcoin might not be that successful when it comes to it being a currency. Not many people are accepting it pr for that matter ready to spend it.

But when it comes to being an alternative investment option, agree it or not, bitcoin is performing quite well. Bitcoin has beaten all the traditional form of investment in ROI successfully this year. Isn't that enough a reason for any trader to diversify and invest a part in crypto which is the most reliable crypto in the world.

Stable currency are good enough when it comes to money transfers across the countries. But the main inflow of money in crypto comes for trading purposes and bitcoin is solving that purpose pretty well.

The need of present time is not digital currency but an asset that can help in improving financial health. Bitcoin indeed was created for the sole purpose of being used as a digital medium of exchange. However, it come out to be something better than that. Still, bitcoin is being usd at places as a currency. With mass adoption, it will be able to do what it was created for. This is just a matter of time.

ohyeahhaha122

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You can see that even though there are many more powerful coins that have appeared later, bitcoin has never left its top spot, why ?, because it is like a symbol of the cryptocurrency world. , has a huge market cap, something irreplaceable, unless something goes wrong for bitcoin

S4VV4S

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Bitcoin is needed for trading and for investments that expect profit, while Stablecoin you can only maintain the value of your assets without any changes. Stablecoin born because the price of Bitcoin is very volatile so that we can lose or increase our assets quickly. With Stablecoin the value of your assets still stable at any time.

Getmon

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Quote from: crossabdd on November 19, 2019, 03:45:17 AM

what happens if bitcoin does not exist / is not created. will blockchain technology be created? what pioneered the blockchain? the value of bitcoin is the result of the technology it carries. and we need the technology that it carries. while a stable coin is its value adopted from real currencies. maybe bitcoin has no other function except just for trading, but it is Bitcoin that makes us need the technology.

The idea of a blockchain can be traced back before Bitcoin used it, most probably even before the name Satoshi Nakamoto was created. As early as 1990s, it is already existing. Although Satoshi Nakamoto made use of it and improved on it and made it very popular today, it is not fully his own. So even if Bitcoin is not existing or not created at all, the blockchain technology would probably still be used by companies right now. Perhaps the use of blockchain with currency is the original work of Satoshi. Please correct me if I'm wrong.

crossabdd

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what happens if bitcoin does not exist / is not created. will blockchain technology be created? what pioneered the blockchain? the value of bitcoin is the result of the technology it carries. and we need the technology that it carries. while a stable coin is its value adopted from real currencies. maybe bitcoin has no other function except just for trading, but it is Bitcoin that makes us need the technology.

iamsange

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Quote from: Sahyadri on November 18, 2019, 10:05:15 AM

Bitcoin might not be that successful when it comes to it being a currency. Not many people are accepting it pr for that matter ready to spend it.

But when it comes to being an alternative investment option, agree it or not, bitcoin is performing quite well. Bitcoin has beaten all the traditional form of investment in ROI successfully this year. Isn't that enough a reason for any trader to diversify and invest a part in crypto which is the most reliable crypto in the world.

Stable currency are good enough when it comes to money transfers across the countries. But the main inflow of money in crypto comes for trading purposes and bitcoin is solving that purpose pretty well.

Right, although not to be best as currency, people will still pick bitcoin as main investment rather than stable coin. And with that, they will use stable coin to be something like payment or transfer money from 1 place to another without need to afraid with it's volatile and only that benefit they they will get. But in general, bitcoin is central of crypto and wouldn't replaced or can't compared with any altcoin.

EdenHazard

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Quote from: Harlot on November 17, 2019, 12:55:09 PM

Quote from: Polo7 on November 13, 2019, 02:37:12 PM

So stable coins are pegged to fiat currency 1:1
Fiat currency is DEBT based.
The bigger the debt the bigger the demand for fiat currencies!

In economy boom yes fiat currency value is less but when recession is there... Then the fiat currency will be on hands of few.

So debt is what Gives value to fiat currencies!

I disagree with your point. It doesn't matter how big the country's debt is as long as the financial growth is carrying it the economy of the country can still improve in any standpoint therefore still increasing the value of their fiat currency, just take a look at USA where there debt is one of the biggest in the world yet there GDP is big that it outweighs the debt they carry. This just show their ability to payback their debt and it doesn't diminish the value of their fiat because of it. Also your statement about how the fiat currency's value will decrease because of the "economy boom" is wrong because its actually the opposite of what will happen as it actually increases the value of the fiat currency because the financials will reflect on it.

+1 There's no one , no country in debt-free ...

the difference is how industrialized nations such as US or Japan or France who has the biggest GDP could maintain their debt into something productive and profit is the outcome in the end. Least developed countries couldn't / struggle to maintain their debt into profit and that's the barometer of how much worth their currency value indirectly.
Anyways I'm not a big fan of stable coins , at least until there's a project that could offer more transparency than the current stable coins available in the market like tether. We need a stable cryptocurrency indeed to spend daily but not with USDT platform.

Sahyadri

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Bitcoin might not be that successful when it comes to it being a currency. Not many people are accepting it pr for that matter ready to spend it.

But when it comes to being an alternative investment option, agree it or not, bitcoin is performing quite well. Bitcoin has beaten all the traditional form of investment in ROI successfully this year. Isn't that enough a reason for any trader to diversify and invest a part in crypto which is the most reliable crypto in the world.

Stable currency are good enough when it comes to money transfers across the countries. But the main inflow of money in crypto comes for trading purposes and bitcoin is solving that purpose pretty well.

LUCKMCFLY

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Quote from: Polo7 on October 24, 2019, 01:47:38 PM

~snip~

Bitcoin in both 2019 and 2025 will have a lot of adoption, in countries that suffer crisis and very high inflation, Bitcoin works as a refuge to not lose the value of money.

Stable currencies work like this, like having stable money, not as a shelter, the refuge is best done with Bitcoin because its value can be increased, of course, the risk of lowering the price arises, however, in countries with high inflation and Financial crises, even when bitcoin falls occur, does not have much impact because Bitcoin is of a decentralized nature and represents a deflationary economy, it is ideal to fight inflation, some are beginning to consider it as digital gold.

With regard to Libra, when it is launched, it can have a lot of acceptance, because a social network as large as Facebook has a better acceptance than a stable currency of some government or a bank, I see it from the most positive point of view. Well, I think when that stable currency is launched, it will open the market to Bitcoin much more, because people will associate the stable currency, the blockchain with Bitcoin, and when they realize that Bitcoin can reach a new ATH far beyond $ 20k, They will not hesitate to buy Bitcoin.

naikturun

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Whether you lose a trade or you buy at a high price and are now in loss otherwise, you should not make a statement like this, if what you say is true why every day the number of trades persists, I mean no Shows a specific decline, people use it as a means of payment as well as investing.
if it bad,people wont use bitcoin anymore.

Harlot

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Quote from: Polo7 on November 13, 2019, 02:37:12 PM

So stable coins are pegged to fiat currency 1:1
Fiat currency is DEBT based.
The bigger the debt the bigger the demand for fiat currencies!

In economy boom yes fiat currency value is less but when recession is there... Then the fiat currency will be on hands of few.

So debt is what Gives value to fiat currencies!

I disagree with your point. It doesn't matter how big the country's debt is as long as the financial growth is carrying it the economy of the country can still improve in any standpoint therefore still increasing the value of their fiat currency, just take a look at USA where there debt is one of the biggest in the world yet there GDP is big that it outweighs the debt they carry. This just show their ability to payback their debt and it doesn't diminish the value of their fiat because of it. Also your statement about how the fiat currency's value will decrease because of the "economy boom" is wrong because its actually the opposite of what will happen as it actually increases the value of the fiat currency because the financials will reflect on it.

oktana

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Quote from: Polo7 on November 13, 2019, 02:37:12 PM

So stable coins are pegged to fiat currency 1:1
Fiat currency is DEBT based.
The bigger the debt the bigger the demand for fiat currencies!

In economy boom yes fiat currency value is less but when recession is there... Then the fiat currency will be on hands of few.

So debt is what Gives value to fiat currencies!

The characteristics of fiat and bitcoin are not the same, don't make it too complicated, at least we can work with the conditions of bitcoin in the next 5-15 years as an alternative asset, in the last 6 years I think the same thing as you, but there is one thing that makes a difference that is the development of decentralization and adoption that continues to widen. If fiat is devalued, it will not be the same as bitcoin.

CarnagexD

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Quote from: imstillthebest on November 17, 2019, 10:34:39 AM

who needs stable coins when you cant earn on them but bitcon can possibly give you a good earning thru investing or hodling plus add in the extra function of bitcoin which it can also be used for paying ( just like what stable coins can do ) so why need stable coins we bitcoin can do both ? though people still use stable coins to back the value of thier crypto but i think this is the main reason why they use it but i think stable coins are rarely available or accepted by most merchants .

Stable coins are good for providing an entry and exit point in the market by anyone. Most likely the safe haven in the market since it has a low volatility. USDT as the most used stablecoin are frequenty use by traders to be safe and avoid loss with the market fluctuations. Saying that bitcoin can do currency and investment is true, however there is a question '' until when ? '' Bitcoin's price are quite stable at a certain range for like a year but until when? Some merchants are considering the option for btc payment but until when ? Stabecoins are not made for such businesses, it is for backing, but maybe in the future we are going to fully digitalize are money like stablecoins.

imstillthebest

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who needs stable coins when you cant earn on them but bitcon can possibly give you a good earning thru investing or hodling plus add in the extra function of bitcoin which it can also be used for paying ( just like what stable coins can do ) so why need stable coins we bitcoin can do both ? though people still use stable coins to back the value of thier crypto but i think this is the main reason why they use it but i think stable coins are rarely available or accepted by most merchants .

coinfinger

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Quote from: Polo7 on October 24, 2019, 01:47:38 PM

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?

Well, you're right in a way, but choices differs, you're not expected to like the same thing as others. I believe that Bitcoin was created to serve all purposes; for transaction and for investment. When Satoshi defined it he never even said that it was for investment, rather he said it's a peer-to-peer method of transaction. But people started to see it as an investment when they noticed that it is not stable but volatile. And some started to buy and stack it up for the future when the price will increase.

So it's up to you and most of us here wants to make money from it, even I myself wants to make money from it, that's why I study the market most of the time to know the right time to invest and Hodl and make a profit.

Polo7

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So stable coins are pegged to fiat currency 1:1
Fiat currency is DEBT based.
The bigger the debt the bigger the demand for fiat currencies!

In economy boom yes fiat currency value is less but when recession is there... Then the fiat currency will be on hands of few.

So debt is what Gives value to fiat currencies!

coinfinger

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I'm guessing maybe people don't trust those stable coins? And by the way, there aren't many wallets that are accepting stable coins for now, though I have noticed that they are beginning to add it to their lists. Coinbase added DAX (whatever the name is, can't remember exactly), and Blockchain added USD PAX. So, let's see how those are going to be in the near future.

Another thing you have to know is that people don't really buy just any coins, sometimes they might prefer a token that is owned by an already big name, take for example the Libra coin. Although I saw a lot of people bashing it about being centralized and all that, trust me if that was successful, a lot of them would be making use of it by now. It would have been big judging by the association which includes other big names such as Paypal, eBay, etc.

Kevondo

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Quote from: ?? on ??

Quote from: wildan88 on November 08, 2019, 02:55:32 AM

Quote from: bettercrypto on November 08, 2019, 01:22:40 AM

Quote from: Polo7 on October 24, 2019, 01:47:38 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?

There are many reasons why we are buying bitcoin. Yes, it is not a stable coin. As a matter of fact, it fluctuates easily. We don't know when bitcoin goes down and up. All we know is that, bitcoin is the future of currency.
Many people are buying bitcoin because we want to invest and store. Some of us are buying this for payment. We have different reasons why we buy bitcoin. And I know that even you don't want bitcoin, you will be pursue to buy specially when you see your neighbours, gradually become rich because of it.

I still doubt about the future of bitcoin, anything can happen in the future. but for now, I believe the price of bitcoin can still rise and create a new ATH. so now I need bitcoin for investment, before later when reach a new ATH and I will sell everything. I rarely even use bitcoin for my needs, because here it's still difficult to find payments using bitcoin.

It is alright to have doubts for bitcoin because we cannot really tell the future and because of that, we will experience some doubts but we should always remember that bitcoin is the king of all the cryptocurrency. Bitcoin will stay in the market for long term because it is the trend setter and it is the most preferred type of cryptocurrency to invest in. Just hold for long term.

If someone still has doubts regarding bitcoin, he is either hopeless or ignorant. Bitcoin has already given us millionaire. If one can become a millionaire with bitcoin, then obviously other can too. It is totally up to individual whether he utilizes bitcoin or not. If he will, good money will be waiting for him. If not, he will end up regretting. Bitcoin will stay forever now and become identity of rich people.

karanggatak

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of course I need bitcoin because the volatility can be made as a good investment tool. because by exploiting volatility we can get big profits. although most crypto coins have volatility and are also decentralized but there is nothing as good as bitcoin in capitalization, trading volume and prices. and we also have to remember that bitcoin is the first coin in cryptocurrency and if bitcoin doesn't exist then stable coins and other crypto don't exist either. and most of the world population knows cryptocurrency because of bitcoin. so it's only natural that bitcoin is the main coin and the most needed by investors in investing in cryptocurrency.

wildan88

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Quote from: bettercrypto on November 08, 2019, 01:22:40 AM

Quote from: Polo7 on October 24, 2019, 01:47:38 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?

There are many reasons why we are buying bitcoin. Yes, it is not a stable coin. As a matter of fact, it fluctuates easily. We don't know when bitcoin goes down and up. All we know is that, bitcoin is the future of currency.
Many people are buying bitcoin because we want to invest and store. Some of us are buying this for payment. We have different reasons why we buy bitcoin. And I know that even you don't want bitcoin, you will be pursue to buy specially when you see your neighbours, gradually become rich because of it.

I still doubt about the future of bitcoin, anything can happen in the future. but for now, I believe the price of bitcoin can still rise and create a new ATH. so now I need bitcoin for investment, before later when reach a new ATH and I will sell everything. I rarely even use bitcoin for my needs, because here it's still difficult to find payments using bitcoin.

Topic: Bitcoin using or need! Vs stable coins - page 3. (Read 1200 times)