Topic: Bitcoin using or need! Vs stable coins - page 5. (Read 1200 times)

United nation have adopted bitcoin and claim bitcoin become charity to hep each other, after UNICEF receive donation using bitcoin now WHO or world health organization adopted for receiving bitcoin as their charity, bitcoin have transparent when you sending or receiving your bitcoin, always on time for sending using bitcoin and have the same amount which how much bitcoin do you sent.

You only lose if you are lazy for gathering information about what's happening today But if you are informative and know how to react to the market then provably you may know on when is the good time to enter and exit, but if you are looking for coins for long term purposes then that's a bad idea we can actually see on what's happening right now and you may end up counting your losses if you do a long term hold investment.

Stablecoin supported by Fiat is also limited by all regulations that come with fiat currencies, sacrificing the efficiency of the conversion process. This means they have less liquidity than ordinary cryptocurrency. Besides, there is always a risk that the underlying asset is damaged in value. Think about Black Wednesday in England, or the 1998 Ruble crisis that occurred in Russia. If such an event occurs on a fixed stablecoin, it will be a disaster for the stablecoin as well. Stablecoin that is based/supported by cryptocurrency (crypto-backed currency) also comes with their own set of problems. Being pegged to other cryptocurrency makes them far more vulnerable to price volatility compared to fiat or commodity-supported stablecoins. They are bound to the health of a particular cryptocurrency (or a combination of cryptocurrency), which means that if the cryptocurrency takes a deep nose-dive or falls very sharply, stablecoin will eventually be the same. If a price crash occurs, they will automatically be disbursed into the underlying cryptocurrency asset, where they are no longer stable at all.

This is another disadvantage to stablecoin which is categorized using cryptocurrency: they are difficult to understand and are the most complex form of stablecoin, which introduces a much higher risk of things that go wrong in a complicated process.

You are right that bitcoin is a gamble that you can experienced huge losses to it, but bitcoin is the best for a long-term investment that you could earn huge profit from it. In my own opinion, stable coins is not good for an investment because it is only good to store your money to prevent huge losses, so buying bitcoin is still the best.

You have a point, but it's not just about the payment that bitcoin is talking about. You can also use it as an invesment. And the point of bitcoin as it is used, is for anonymous transactions to have privacy that no one can control.

Bitcoin is not gambling it is invesment. That you invest money and one day it will increase. All you need is patience here, to find out what you are investing in bitcoin for..

Stable coin cannot beat bitcoin, because they have no additional benefit along with their usage, and you know that the other additional benefit of bitcoin in its usage is what is mostly attractive to people more, as they are using bitcoin, they are also enjoying the benefit of an increase in them, although we could claim that the volatility of bitcoin is quite making it risky for transaction, but that is not a problem now, because people can still mix it with all these stable coins.

Anytime they see that bitcoin is highly volatile because it is not every time that it will and even this volatility of a thing, sometimes it is even more beneficial to people. Imagine someone that is earning $7300 and he receives his payment in bitcoin when it was making a surge for $9k, has his salary not increased?

bitcoin will be preferred as an asset, this mindset is developing because many holders analyze from history and the continuous reaction of market transactions that never stops. This is not as simple as a stable coin that only refers to fiat value and they will only move in place, for some people it is not attractive because there is no more value than price development, I consider stable coins as a safe asset with low risk.

I am also more interested in the technology of bitcoin than other coin which we should not even be using other coins like stable coins to compare it, there is no way that these stable coins can really be as good as bitcoin, even if they seems to be helping lots of people keeping the value of their usd, but without bitcoin, they will still be tantamount to nothing.

There is not going to be stable coin without bitcoin, because what is the essence of having stable coin when they typically act like fiat or do I call it as digital fiat which if that is the case, I would still prefer to stick with the system  of fiat than to use stable coins that are fully centralized and still being controlled, unlike the freedom of decentralizations that bitcoin has given to us.

I don't necessarily need Bitcoin but I use it. I don't know if stable coins can beat Bitcoin in terms of usage or volume per day but one thing I know is that all this cryptocurrency has their own use depending on how people understand their platforms.

Bitcoin is no longer considered by serious investors as a means for payments. It is rather seen as a means to accumulate capital, to preserve it from inflation and devaluation. Also, Bitcoin has a very unstable rate and is now more popular with speculators. For everyday calculations, people need a stable coin. Only in this case, it can gain high popularity and be accepted by the community as ordinary money for shopping.

In 2025, a lot of people will use bitcoin. Many private investors will decide to invest in this coin to preserve their savings. It is already happening in countries with high inflation, such as Argentina or Venezuela

Bitcoin is for a profit which you have to play with your mind along together with chart of the market. Unlike stable coins or fiats in which you are half sure that in the end you'll gain your profit. Though it is for people who want more less risk and secured income in return. And crypto currency doesn't fit for that besides even though it has higher risk it is for sure your gain if you'll do your thing all too well.

Okay... But Why we need cryptocurrency?
Why we need?  Other then just speculation...?

We Can't really use it without comparsion with fiat.. Coz fiat currency gives us Price of crypto currency..


But I Still asking Why we need crypto? 

There are few shops whether it is local or international that are slowly integrating cryptocurrency payment as one of their payment method and that is a good sign that the people around the world are getting serious about it. The illegal stuff that we are facing with the cryptocurrency are normal because even in the world of fiat currencies, they are also being used like that.

IMO,shops are not ready to accept it because the price changes make them to be in loss from their profit in no time but on other sectors its being accepted but not in a great way yet other than the trading and speculative asset.

The reason behind this is the uncontrollable nature of bitcoin. Now governments control fiat and paper money. So they would print more currency whenever needed for own benefit, without thinking about the public, Bitcoin is exact opposite. It helps people in trustworthy ways and cannot be controlled at all. Bitcoin is the best one among all the assets so far the world has been introduced to.

Bitcoin is a new way for transfer a value in my opinion bitcoin is like gold but the option now is to buy it with real money or mining it investing money on equipment. There are a lot of people and companies who want bitcoin, because 1 is not reversibile once is sent and confirmed and 2 because is the most secure system of transfer money at this time.

Ignoring the pretty bad English, it's pretty easy to answer this question. People who share views and want a world where the government isn't always in control of their money, and bitcoin offers this with their decentralization model.

That's what makes it very interesting to the population, and how a lot of people made and lost a lot of money. A lot of investors are interested in this very risky investment.

The same people who are using it now due to decentralization, they will be using it all the way until it becomes obsolete or if there is a better option out there.

Bitcoin is pretty much more dense than stable coin. Bitcoin may sound selfish but it provides more convenient than stabe coin which has been standardized by fiats. Taxless living, sky-rocketted profit is what Bitcoin possesed in which on the other hand stable coins are not. Besides, investments in Bitcoin although has the higher risk than the other one, is pretty much more fun to play though your money would be going all high and low waves.

If your statement is right then we may see "bitcoin accepted here" on shops but this is not really right though,yes people interested in bitcoin but compared to tatal population the interested people is no where to be considered,but lot of them knew about bitcoin but sadly in the wrong way as hacker's money,laundering tool,etc.