Bitcoin using or need! Vs stable coins - page 7.

Wysi

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Quote from: Google+ on October 26, 2019, 03:05:54 AM

I don't think bitcoin can be a stable coin because bitcoin will always have up and down price movements that will never make the price of bitcoin stable, indeed in the future nobody will know that bitcoin can still be used or not but you should know that bitcoin is still potentially good for the future.

I personally feel that bitcoin will always be there in the market and it will be used widely due to its market dominance but it should upgrade the features as news coins are coming up with much more features and quick transaction timing compared to bitcoin. We can never expect bitcoin to become stable coin and stable coins will be used by those who wants to do daily transactions without any fluctuations in the price as stable coins cannot be used for investment like bitcoin.

Oceat

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Quote from: Obito on October 26, 2019, 12:59:08 PM

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.

I don't think we need to sit at each other once. As stable that are standardized with fiats and bitcoin who is independent in anything besides to market demands. Both each other has a different solely purpose in community, although bitcoin has a higher probability of profit with a higher probability of loss on the other side, neither of the two are good nor better at each other because they both have shortcomings.

If you have a background of trading I think you can manage to minimise your losses. You might handle your risk well without any worries if you know what you are doing. Bitcoin is not just for trading it is also used for investment or as a digital currency to be used for any transaction. While stable coins is just the same as fiat but the difference is it's digital money.

lionheart78

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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.

If you are to use stable coins then why not just use fiat currency at least they are the real one not like these stable coin that pretends to be a USD or any fiat currency. Who needs stable coins anyway, at least with Bitcoins you have an opportunity to profit. Losing and gaining depends on your skill on gathering information and prediction.

bitbunnny

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The point of Bitcoin isn't stability. Bitcoin and other cryptocurrencies are alternative to traditional fiat currencies that are usualy stable.
Cryptocurrencies are another way of economy and another way of financies that are for people who don't want to be dependent on traditional financial institutions and tools. The fact that Bitcoin is volatile, so not stable, gives the chance for profit.
But not everyone likes cryptocurrencies and they are not for everyone, that is why every one of us can choose what suits us the best.

Obito

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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.

I don't think we need to sit at each other once. As stable that are standardized with fiats and bitcoin who is independent in anything besides to market demands. Both each other has a different solely purpose in community, although bitcoin has a higher probability of profit with a higher probability of loss on the other side, neither of the two are good nor better at each other because they both have shortcomings.

Pearls Before Swine

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Quote from: maxreish on October 25, 2019, 04:36:03 AM

Why exactly do we need it? I want to be a part of this advanced technology, when I am using btc I wasn't controlled by any organizations or institutions. That's freedom.

That encapsulates my feelings about bitcoin to a T.

I rarely spend bitcoin on things that I can pay for with my debit card or with cash, and I never considered bitcoin to be a good currency because of its crazy volatility. However, if the world ever had a banking crisis like the one we had 10 years ago, and if the fiat system failed completely, there would be a dire need for a currency like btc. Right now, tho, its much smarter to use fiat to buy things with and to hodl btc. And I think nearly everyone is doing just that.

There is little need for stable coins in my opinion, except as a substitute for cash on exchanges. They don't offer an advantage over simply holding cash, and it isn't like any stores are accepting USDT or any of the others. They're more or less useless in my mind.

hahay

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Not like that, even though the price is decreasing but you won't really lose money because even though the price is going down but at least bitcoin still has value that is even very worthy. So anyone who needs bitcoin basically has realized this is a future money that has good potential for a profit in its use, we don't always make a benchmark of unstable prices, because prices are rising and falling rapidly in this cryptocurrencies market is a advantage for traders to get a good profit.

sana54210

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I need bitcoin like hell more than I need those stable coins, because stable coins are of no use to me, I can't even use them to trade to make money because they have zero volatility and the only thing they are just useful for is to make payment and if you look at the market now, how many people are only concerned about the payments of cryptocurrency?

People are holding cryptocurrency more as asset, some are using it to trade and some uses bitcoin in particular to make transaction for privacy purpose which you too know that most stable coins are centralized coin and they can easily be traced by anyone while bitcoin is quite hard to be traced giving the user sense of belonging and security over his or her fund, and also reducing cost of transaction for him or her.

Vishnu.Reang

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Quote from: Google+ on October 26, 2019, 03:05:54 AM

I don't think bitcoin can be a stable coin because bitcoin will always have up and down price movements that will never make the price of bitcoin stable, indeed in the future nobody will know that bitcoin can still be used or not but you should know that bitcoin is still potentially good for the future.

We are not discussing the possibility of Bitcoin exchange rate becoming stable (which is obviously not possible due to its nature). We are debating whether the stable coins such as USDT and TUSD will be able to overtake Bitcoin in terms of popularity. And I don't think that it is ever going to happen. USDT and TUSD exists because of Bitcoin. They will be worthless if Bitcoin goes down.

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I don't think bitcoin can be a stable coin because bitcoin will always have up and down price movements that will never make the price of bitcoin stable, indeed in the future nobody will know that bitcoin can still be used or not but you should know that bitcoin is still potentially good for the future.

Pamadar

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Quote from: jaocoincrypto18 on October 25, 2019, 10:19:30 PM

Stable coins? Is there really a stable coins other than Bitcoin? Bitcoin is not a commodity in which we need it for our daily use but we need Bitcoin for investment to earn more fiat for our daily living but if you think you will just rely this on your stable coins then you really don't need Bitcoin.

More on it's investment side and there's no clear side in regards to daily usage, people around this market do still have the mindsets that this
investment currency will be a good token for store assets value, there's no specific that it will be for transacting even the real intentions of
bitcoin is to help providing much quicker transaction process. Though there's also good insight that blockchain system will be adopt by bigger
countries, the use of crypto can be develop much further,.

iMark

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Quote from: Wintersoldier on October 25, 2019, 05:31:17 AM

Quote from: iMark on October 25, 2019, 05:12:22 AM

I think people who doubt the purpose and function of using bitcoin are those who often panic when prices fall. because they don't have any grip and belief in bitcoin. whereas the main advantages of bitcoin are clear, that anonomity and decentralization are the main attractions of bitcoin, and you can say that fluctuations make bitcoin unsuitable for currency, but the fact is that many merchants and users use bitcoin for it. Bitcoin is needed for many reasons, and including what I mentioned.

First and foremost, people should first learn and understand the difference of market terms such as pice and value. Price is changing, value is dominance. Why dominance? since whenever a crypto's market price decline, its value will remain the same as it suggest the potential of the coin to get back better in a latter time. Some newbies and impatient's doesn't know that, as a result, they tend to panic sell and worry about their investment.

Yeah, they can't interpret that so when prices fall, then their alarm will ring and panic time starts. they are too focused on bitcoin prices that down quickly, without considering the "value" of bitcoin which is still very worth, even though that the reason why bitcoin will back raise.

Eclipse26

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Why are you here in the first place if you don't understand and know the purpose of bitcoin?
But why do we need bitcoin?
First it depends on the person if he sees the need in bitcoin of not. As for me, bitcoin is such a big help. Transactions without others involvement. Can be an investment for your future. A way to earn profit.
Just like you, others may not see the purpose of bitcoin but un the future, people will realize its benefit. Bitcoin being too early that's why others still can appreciate it.

Dewi Aries

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For now, bitcoin can be something that better to use as investment. Right, we have stable coins to send money all over the world instantly, but bitcoin already planted on people's min to be central of crypto. Of course with a lot of volatile, sometime people use other coins, i mean not only stable coin, if only to send money instantly altcoin can also be used too and usually price between 1 to another not really far.

jaocoincrypto18

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Stable coins? Is there really a stable coins other than Bitcoin? Bitcoin is not a commodity in which we need it for our daily use but we need Bitcoin for investment to earn more fiat for our daily living but if you think you will just rely this on your stable coins then you really don't need Bitcoin.

ahyadinnn

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I prefer to use bitcoin because I'm here to take advantage of the ups and downs of bitcoin, it's not always profitable, but if we can predict market movements, I think we can get more from losses.

Darooghe

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What you say is not wrong, but there is some nuance you may be missing. With the US dollar, $1 today is not necessarily the same portion of the total money supply as it will be next year, as the Fed could create more, thus reducing the value of that dollar. However, 1 BTC will always be 1/21millionth of the total bitcoin supply. So 1 BTC in the future will be the same portion of the total supply as it is today.

Also, since stablecoins are centralized the trust always remains a major issues. it's good to know only 2% of Americans trust Facebook’s Libra more than Bitcoin. i think when we start seeing some reputable institutes start providing the trust factor they will definitely be the threat to the crypto currencies that exist today like Bitcoin. one of the feature of crypto currency is the decentralization which we need to wait and watch if someone can solve this problem in a stablecoin or not.

Vishnu.Reang

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Stablecoins are useful in jurisdictions only where fiat currency is not available for trading with cryptocurrencies. If they are available, then what is the point in using the stablecoins? After all, it involves additional expenses to store and convert the stablecoins such as USDT and Pax USD. And ever since they moved to the Omni platform, storage of USDT has become more complex.

ufaiz50

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There is indeed a profit trading there is a loss, not all can take profits. We see that stable coins are very good for transactions and low value fluctuations, this is indeed good when viewed from a financial perspective.

teosanru

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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?

Actually there are two schools of thought about this because some say that btc has actually utility of transactions and if people are just holding it and not using it for transactions then there is no purpose for it. While the second school of thought says that what's the utility of gold when it can increase in value merely due to scarcity then why can't the same happen to btc? So I think time will tell how things continue until then you can trust btc for your holdings for sure.

Topic: Bitcoin using or need! Vs stable coins - page 7. (Read 1186 times)