Topic: DO WE REALLY NEED MORE STABLE COINS? - page 10. (Read 17385 times)
Competition bring the best in the market. When you know that someone want to overtake you; you will sit up. Mores stable coins will be a welcome development.
It depends on your definiton of a "stablecoin." It can be backed by fiat, other currencies or precious metals. However, a "stablecoin" is a myth. Nothing is stable in comparison with other commodities or assets as the free market decides what is more valuable at the current point. We can look back in the past when silver was a payment unit: its price decreased unbelievable even though it can not be created from a thin air: supply is limited and price fell down. Demand is to blame for this. In conclusion, I do not want to look like I am against them: in fact, I am in for as many of them as customers will demand. Freedom of choice is the best answer in a fast-changing environment of a modern world 
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Well it is true that stablecoin itself actually is not stable but atleast it has fixed value to the commodities or real currency so that the volatility is not too much. That alone already helps alot of people saving their wealth rather than having the uncertainty of the market fluctiation..it is always better than nothing right? the existence of stablecoin itself actually doesnt hurt the overall cryptocurrency market.
It depends on your definiton of a "stablecoin." It can be backed by fiat, other currencies or precious metals. However, a "stablecoin" is a myth. Nothing is stable in comparison with other commodities or assets as the free market decides what is more valuable at the current point. We can look back in the past when silver was a payment unit: its price decreased unbelievable even though it can not be created from a thin air: supply is limited and price fell down. Demand is to blame for this. In conclusion, I do not want to look like I am against them: in fact, I am in for as many of them as customers will demand. Freedom of choice is the best answer in a fast-changing environment of a modern world .
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I think we got enough stable coin, tether already really useful, we do need some but we don't need a lot, volatility is the part of crypto, investors and traders like crypto because the price fluctuate a lot, so they can make profit and when the market situation is not supportive they can put the money into tether to avoid huge lost
I think that stablecoins are useful and improve the interaction of cryptocurrencies with fiat currency. By this, I think that in the future there will be a lot of new stablecoins/
Yes, we do need more stable coins and from my point of view there is a reason to create euro coin as long as a lot of people use this kind of currency.
for now the community does not need stable coins. the reason is because the market still needs growth to be coins that have volatility preferred. stable coins it's hard to make a profit.
We do need stablecoins and their popularity proves it. They are being used every day by thousands of people. The problem with them is that we can't trust some of them and if one shows that it's vulnerable or shady people would have something to turn to.
USDT is still very popular even after they admitted to not having all the money to back up their coins. Who knows how much they are making out of nothing.
I personally don't think we need more stable coin for now in the market because the truth is that all of them has one purpose which is to look like fiat but yet still be a cryptocurrency that don't need KYC in order for one to make use of it, I think only one stable coin is very much okay for the market though as we all know that the crypto market is a free market and everyone has the power to come up with any kind of project they want without being questioned since the blockchain is owned by no individual or government.
No need more stable coins because theres a lot of stable coin in the market all we need is a good project that can run for long term. But personally if we add more stable coin some investor can go on to cryptoworld because it have a chances tobe stable.
But, with stable coins in the market, cryptocurrency will be able to achieve the main purpose of which it was created, stables coins will make the market less volatile and people will start using crypto currency for other things it meant to be used for like payment and so on, it will also make cryptocurrency to be qualified for store of value.Many people will be confident in holding it as digital asset they can rely on for storing for future and as saving. Many of us against stable coins now is because of what we are benefiting from the volatile market and probably because we see it as investment alone.
I think we do need stablecoins as they make it easier the process to swap cryptocurrency to fiat equiwalent, but it is enough to have one stablecoin if it is 100% backed by USD and regulated by the govenment.
In my opinion, there is no need for too many stable coins in the market because it can delay market development because people will use stable coins more often because they are safer and transactions will definitely decrease.so I think it's quite 3 stable coins on the market.
I think we do need stablecoins as they make it easier the process to swap cryptocurrency to fiat equiwalent, but it is enough to have one stablecoin if it is 100% backed by USD and regulated by the govenment.
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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 can see lots of stable coin in the future .we have many stable coin on the market i thinks those coin are good to trade .Quote
why do we need more stable coin?.
May be he needs more stable coin to increase his strategy and something new to show his friend concern .Quote
most of the investor invest because of it.
Yes its a good point .Most of the trader trade on crypto platform as it is high volatile and easy to make profit .So i think there will be nothing need to reduce the volatility.
Of course,the more stable the tokens,the more stable the market,but one thing is clear that there are situations that clearly or indirectly affect the market,that even stable and strong projects can not keep the balance,and they begin to twist from side to side,and there are many forces involved,including manipulators
for now the community does not need stable coins. the reason is because the market still needs growth to be coins that have volatility preferred. stable coins it's hard to make a profit.
In the crypto world everything can be gotten including coins that can be steady through a few promising undertakings, just presently is it exceptionally troublesome that we likewise get a really encouraging task with stable coins.
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?
Well. In this case you can diversify your holdings in a large range of stables and do not worry (or have less worries
) about stability legendary
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Now there are 2 coins that have a fixed and stable value, namely: Tether and USDC, but in my opinion this is not needed because crypto should be decentralized so that it is not worthwhile so that we can get big profits if demand continues to increase.
it's just an option though, there's no forcing to use all these stablecoin, their existence also to make people more conveniently saving their wealth so they are somehow still needed. Although you are right with the idealism that the cryptocurrency initially carry.it seems as the time goes, that ideal is fading and people are finding the most suitable solution for their own financial.
Now there are 2 coins that have a fixed and stable value, namely: Tether and USDC, but in my opinion this is not needed because crypto should be decentralized so that it is not worthwhile so that we can get big profits if demand continues to increase.
We need more stablecoins that are not backed by USD, more similar to DAI.
I personally don't see investors benefitting from holding stable coin, unless there are dividend given to holders. Stable coin could be important to caution the effect of the volatility of many crytocurrency.
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