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Topic: DO WE REALLY NEED MORE STABLE COINS? (Read 17385 times)

full member
Activity: 822
Merit: 100
May 30, 2019, 04:43:07 PM
Some friends of mine always lament  that 'we  need more stable coins in the cryptosphere' and I think that is highly achievable looking at the promising prospects that has been achieved by tether. It seems some upcoming projects are also promising to introduce stable coins. Is it possible to have more stable coins on the crypto market? What would really happen if we get more stable coins on the crypto market, would the volatility reduce?
Stable coins have been in the space for quite sometime and in the year 2018 more were launched in the crypto spaece, at that it hasn't reduce the volatility of cryptocurrency, adding more stable coins will not make cryptocurrency stable so more stable coins is not needed.
jr. member
Activity: 560
Merit: 3
But we did not receive them, it’s impossible to consider that bitcoin and ether is a stable coin, as the price constantly jumps and not like ordinary currencies and maybe several times. This makes it impossible to set a price for alcoins.
full member
Activity: 336
Merit: 100
I believe that we do not need a lot of stable coins so most of them are tied to the dollar on the market already fairly stable tokens and let's see why we need stable tokens? The answer is simply to simply fix your assets and just store them, and for this purpose a pair of stable tokens is enough.
full member
Activity: 783
Merit: 100
We need stable coins, but not too many. There are enough stable coins in cryptocurrency now.
Creating more stable coins will only spreading the volume of the usage of stable coins, not inviting new comers into cryptocurrency.
We can make some cryptocurrency awareness by using the existing stable coins, and more peoples will know crypto.
if a lot of coins are stable, there will be many people who choose it and there will be no new coin updates popping up. so I agree with you if new coins are better, only a few are listed in crypto.
sr. member
Activity: 1204
Merit: 388
If regulators are not introduced into the cryptocurrency market, prices will remain dynamic. We need BUKKT and controllers solution to stabilize prices.
It's not important thing.

We don't need Controler who can handle all about Pricing and dynamic market. Centralization only change what Cryptocurrency suport for global payment and decentralization without controler by other.
copper member
Activity: 812
Merit: 6
Some friends of mine always lament  that 'we  need more stable coins in the cryptosphere' and I think that is highly achievable looking at the promising prospects that has been achieved by tether. It seems some upcoming projects are also promising to introduce stable coins. Is it possible to have more stable coins on the crypto market? What would really happen if we get more stable coins on the crypto market, would the volatility reduce?
We already has a lot of stable coins, not only USDT. Some of them are good like USDC, PAX, DAI, TUSD. So if you dont like tether those will be your choice, but in my opinion - USDT is good, there are a lot of FUD was around it, but it still in top-10 cmc. And the last Bitfinex IEO (LEO) showing us that if Bitfinex needs money to solve the problems, it can raise it very fast and it is good.
full member
Activity: 812
Merit: 100
We need stable coins, but not too many. There are enough stable coins in cryptocurrency now.
Creating more stable coins will only spreading the volume of the usage of stable coins, not inviting new comers into cryptocurrency.
We can make some cryptocurrency awareness by using the existing stable coins, and more peoples will know crypto.
member
Activity: 490
Merit: 11
why do we need more than one stable coin. A stable coin is used for currencies that do not make a loss, so having one coin stable is good. Because the coin stable cannot be invested

If you have 1 stable coin it won't make you profit quickly and will continue to wait long to see prices going up. I prefer anxiety and happiness nowadays about prices that cannot be predicted anytime and anywhere. See some people very happy with the coins they have kept for quite a long time and make multiple profits.
stable coins will help you when the market is erratic so he will survive.
it is indeed not easy to get a profit so it takes a long process to get big profits.
the market cannot be predicted so that no movement knows, waiting a long time but profit is not a problem because it will get big profits.
copper member
Activity: 141
Merit: 6
Some friends of mine always lament  that 'we  need more stable coins in the cryptosphere' and I think that is highly achievable looking at the promising prospects that has been achieved by tether. It seems some upcoming projects are also promising to introduce stable coins. Is it possible to have more stable coins on the crypto market? What would really happen if we get more stable coins on the crypto market, would the volatility reduce?

The more stable coins the more gaining of more profit. So we really need more stable coin to gain  at the same time the crypto will continue to grow and more visible in the world to be legalize soon in the near future .
full member
Activity: 412
Merit: 101
why do we need more than one stable coin. A stable coin is used for currencies that do not make a loss, so having one coin stable is good. Because the coin stable cannot be invested
full member
Activity: 938
Merit: 137
Some friends of mine always lament  that 'we  need more stable coins in the cryptosphere' and I think that is highly achievable looking at the promising prospects that has been achieved by tether. It seems some upcoming projects are also promising to introduce stable coins. Is it possible to have more stable coins on the crypto market? What would really happen if we get more stable coins on the crypto market, would the volatility reduce?
If you are talking about a stable coin among decentralized cryptocurrency, then such a stable coin can not be in nature. No decentralized cryptocurrency can be stable. The number of these coins will change, some coins and tokens will leave the cryptocurrency market forever, others will appear. This is a good way to improve it.
If we talk about stable coins as digital copies of national currencies, then I see no reason to resent their appearance. They are not intended for profit and are only an aid to the convenient use of conventional cryptocurrency. Therefore, let their number grow, if someone does not like them, their right not to use them.
sr. member
Activity: 406
Merit: 250
The truth is that we don't have stable coin they all fluctuate and it good for a trader, now stable coin will soon be eliminated
totally agree with you really stable coins in the cryptocurrency market very little I would say they are not.  the only one I really hope for is Bitcoin, but as always it’s very unpredictable.
jr. member
Activity: 406
Merit: 1
The truth is that we don't have stable coin they all fluctuate and it good for a trader, now stable coin will soon be eliminated
member
Activity: 509
Merit: 10
I think that there are enough coins on the market.  You just need to not be lazy and carefully check every project and then choose from all the best that you really need and should invest.
jr. member
Activity: 714
Merit: 3
In my opinion, the bigger amount of cryptos, the higher chances for making something good from it. If there wasn't competition between cryptocurrencies, we wouldn't witness rise of many fantastic projects.
It's not the way it works. These cryptocurrencies we have today are being used as utility tokens to fuel many Daps and other platforms. The already existing ones should work on being better not continuous proliferation.
sr. member
Activity: 812
Merit: 250
If regulators are not introduced into the cryptocurrency market, prices will remain dynamic. We need BUKKT and controllers solution to stabilize prices.
newbie
Activity: 40
Merit: 0
In my opinion, the bigger amount of cryptos, the higher chances for making something good from it. If there wasn't competition between cryptocurrencies, we wouldn't witness rise of many fantastic projects.
jr. member
Activity: 714
Merit: 3
Truth be told no coin is really stable everything fluctuates in prices. The question that keeps pickling my mind is what is backing most of these stable coins or people just print them or mint them?
full member
Activity: 434
Merit: 100
No, we do not need a lot of stable coins. It is enough to have tether, trueusd and some other coins as an alternative, but not much.
copper member
Activity: 210
Merit: 1
I am pretty happy with USDC. The problem is that Tether has a pretty bad image and there was absolutely no alternative to this stable coin. But one day, there were 10 new stable coins on the market, which I think is definitely too much.
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