DO WE REALLY NEED MORE STABLE COINS? - page 11.

Malam90

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Quote from: auntyjmary on March 24, 2019, 08:14:50 AM

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?

Already we have many coins that are stable. I think we don't need more stable coins right now. But if new and stable coin comes in the market, we will welcome it.

Wyndesam

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I really don't want us stable , the market for cryptocurrencies like all due to the fact that it is possible to earn huge money and I think volatilnosti should be on it!

icalical

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No, we don't need more stable coin, there are already 3 or even more out there. In fact, it might be an unpopular opinion but I think we don't need any stable coin at all in the market. We already have USD pair, in many exchanges so why do we need a stable coin?
And not to mention that most the company and project behind the stable coin are doing shady activity.

pics4crypto

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It seems to me that this is just not realistic yet. Cryptocurrency can not just be physically stable. Maybe just this time has not come, maybe later everything will be.

manfredmann

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There is no actual stable coins in the market because all of them has volatility especially those coins that has huge market cap volume. Anyway, if you think that do we really need stable coins in the market then the answer is yes. This coins will determine how market will going to go high for once an invest in that coin there is no way that he/she will going to sell directly due to the fact that coin is stabilize and it does avoid investors to get panic and do panic selling.

talkbitcoin

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All I know is that I know nothing.

IF more coins meant more different coins with different features and aspects then the answer could have been yes. the more the merrier but when the reality is far from it, and instead of seeing different coins solving different specific problems that other stable coins fail at, we keep seeing the same things with a different name that are either as bad as their counterparts or in some cases even worse then the answer is no we don't need any more of them.

ethereumhunter

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Quote from: aprilnot on March 27, 2019, 01:20:29 PM

Quote from: auntyjmary on March 24, 2019, 08:14:50 AM

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?

I don't think we really need it. no one can get profit if the price is stable. it might be suitable for payment but not for investment.

what is needed is a developing coin, it will make the price go up. and maybe this is an irony but volatility is one of the things that makes crypto popular

I think if there are new stable coins, people will have another option from the existing stable coins so they can select which coins that will fit them. Besides that, I am sure that every stable coin will their advantages and disadvantages, so if we could choose the coin with bigger advantage then we can hold it, and we can use it for buying bitcoin or altcoin when the price is down.

I think many people will think to create a new coin and it will happen in the future, and it could happen too with the stable coins. I am sure that there is one group that think to create another stable coin because they can see that the existing stable coins have the disadvantages and they want to minimize the disadvantages by creating a new stable coin.

semobo

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Quote from: shoreno on March 28, 2019, 04:37:16 AM

Quote from: semobo on March 28, 2019, 04:13:32 AM

Stable coins can't be really considered as crypto currency, anyone kniws about USDT's recent policy update? Which is the most used stable currency but they can be able to make any changes when they want to if you are holding it means you are risking your money.

So are you saying that those coins are centralized and controlled by a government or something ? Oh i thought that those stable coins such as usdt are still a kind of crypto .

hmmm , anyway there is nothing wrong if devs will create more stable coins infact that will be a good so that we people will have more choices .

its also a good way for other devs to earn extra income because stable coins were also becoming indemand nowadays due to the increasing volatility of cryptos .

Yes it is centralized and controlled by someone,so all we have to do is support the decentralized cryptos.Why we need to help the devs to make money they are making money from nothing so just don't have to support them it is just have to be used for trading purpose.

shoreno

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Quote from: semobo on March 28, 2019, 04:13:32 AM

Stable coins can't be really considered as crypto currency, anyone kniws about USDT's recent policy update? Which is the most used stable currency but they can be able to make any changes when they want to if you are holding it means you are risking your money.

So are you saying that those coins are centralized and controlled by a government or something ? Oh i thought that those stable coins such as usdt are still a kind of crypto .

hmmm , anyway there is nothing wrong if devs will create more stable coins infact that will be a good so that we people will have more choices .

its also a good way for other devs to earn extra income because stable coins were also becoming indemand nowadays due to the increasing volatility of cryptos .

Ostonian

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We have enough stable coins. Suffice it to say, if you take coins from the top ten of the rating, they have huge trading volumes on the exchanges. Most likely, we lack new investments that will raise the market from the bottom.

semobo

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Stable coins can't be really considered as crypto currency, anyone kniws about USDT's recent policy update? Which is the most used stable currency but they can be able to make any changes when they want to if you are holding it means you are risking your money.

SistaFista

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Quote from: auntyjmary on March 24, 2019, 08:14:50 AM

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?

I think there is no need to create more stable coins as they are already exist in the cryptocurrency world.
Stable coin like USDT alone is enough to be used for investing, trading, or buying other coins.
The volatility of stable coin won't reduce, if they really backed by real money.

futile-resistance

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Quote from: auntyjmary on March 24, 2019, 08:14:50 AM

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?

He is much right, we need much stable coins, especially on the existing ones, what we don’t need is more new coins, we need more stable coins that will allow the major function of cryptocurrency to be realistic, the volatility of the market is really making it difficult for so many adopters using the system other than investment but for other purposes.

Imagine now that I introduce my staff to cryptocurrency and chose to be paying their salaries with it, if the coin I am using is not a stable one, then there is tendency of everyone pulling out their funds immediately without thinking of Holding or saving it because of its volatility. So, more stable coins will bring about less volatile market.

Wildwest

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I don't think that will affect the violation, it all depends on the market conditions and the price of bitcoin because bitcoin has an active role in the influence of altcoin

aprilnot

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Quote from: auntyjmary on March 24, 2019, 08:14:50 AM

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?

I don't think we really need it. no one can get profit if the price is stable. it might be suitable for payment but not for investment.

what is needed is a developing coin, it will make the price go up. and maybe this is an irony but volatility is one of the things that makes crypto popular

hardinero007

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i think there would become a trend for more stable coins in the near future. as governments explore the possibilities of using crypto and blockchains, they may eventually create their own stable coins which will be pegged to their own national currency. these stable coins will then be used simultaneously with fiats on 1:1 conversion rate. imagine having many countries each having their own crypto currency.

devinks

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Quote from: DainSLane on March 26, 2019, 09:29:12 PM

For me i do not like stable coins i had like the coins is being ups and down in crypto market most of the investors can choose to buy of which coins in dip prices are going to be rising up their prices soon, it is more getting exciting if their is not stable coins.

it's true because coins are stable it will be difficult for us to get big results and it will be difficult too we get a cheap price, so in my opinion it's better to choose coins that often experience increases and decreases

george_hured

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In this there is an extremely competitive need, everything else does not matter as you understand. Therefore, I can say that today as a whole there is no need for this, one that would really be necessary.

radjie

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Quote from: auntyjmary on March 24, 2019, 08:14:50 AM

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?

many people benefit from cryptocurrency because price movements always change so fast, even though investing in cryptocurrency has a very large risk but with a decrease and increase in market prices can provide satisfaction to its users. if the coin we choose as an investment asset has a stable value, then chances are we will not benefit from it and the money we invest into it cannot develop its value, or it can be said that it only saves money by exchanging it into coins

JeffBrad12

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Quote from: Rapidgator on March 26, 2019, 06:52:15 PM

Quote from: jorenpo on March 24, 2019, 09:44:30 AM

Quote from: auntyjmary on March 24, 2019, 08:14:50 AM

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?

why do we need more stable coin? at the first place cryptocurrency known because of its volatility. most of the investor invest because of it.

Yes, but also we have to remember about some liquidity which is needed in cryptocurrency and which more and more stablecoins can provide for many trading pairs.

Indeed but those stable coins must be audited to avoid there will be more manipulation like what has already done by tether and its company. Stable looks good as long as it will be backed by real money and it's not only a crap statement created by foundation.

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