Yes, we need stable coins. It can be alternative coins to have once the price of most crypto coins decreasing. I usually hold stable coins and just sell the stable coins on a correction phase. I mostly buy USDT, this coin is really useful in the correction phase. As the price is increasing, we can sell the coins or buy top altcoins with USDT at cheaper prices.
Topic: do we really need stable coin? (Read 1478 times)
The usecase which also important instead of securing profit of crypto is to arbitrage between exchange.
You can send USDT from one exchange to another, but you cant do it with USD or another FIAT. Its because stable coin built on blockchain.
True, but the value of USDT and USD is also not much different, so everyone can use this option in arbitrage between exchanges, because this kind of thing is obviously very helpful and also very easy to do, moreover USDT has also been supported on the TRC20 platform which costs money very redundant in all exchanges. You can send USDT from one exchange to another, but you cant do it with USD or another FIAT. Its because stable coin built on blockchain.
Everybody in crypto market needs a stable coin. It will serve as contingency coin for us in case that the market will have a drastic decrease of price value. Besides, stable coin means stable income and it will always a great news for us.
It is true, and one more thing that stable coins are also always suitable in terms of saving existing assets, because with stable coins everyone will not experience big losses when market conditions start to turn in a bad direction.
Stop comparing past years and recent years. The situation is always changing as money investment. Total cryptocurrency value can't raise equally. Now we all are giving advice to invest in new projects when older projects are trusted. Stable coins never force cryptocurrency to dump total marketcap.
think if we should look back in 4 years back in cryptocurrency industry, crypto do very well to be stable in the price value, but is very difficult this days to see crypto that's actually valueable, not until we started seen stable coins in the crypto market but there's no change in the value, Do you think we need stable coins?
For a trader, stable coins are needed to store their assets and stable coins are very useful for traders when Altcoin prices are unstable so that they can save their money into stable coins such as DAI or USDT. because they both have very stable prices in various exchange markets.
Majority of all stablecoins are centralized and subvert what crypto is about. Individuals will make that sacrifice for comfort. There are now numerous questions encompassing Tether and being perhaps the greatest coin in market cap it can possibly implode the price of Bitcoin if we discovered it was each of the a scam the entire time.
Everybody in crypto market needs a stable coin. It will serve as contingency coin for us in case that the market will have a drastic decrease of price value. Besides, stable coin means stable income and it will always a great news for us.
Whatever it was, but stablecoins are the only way to fix profits, not to change digital money for paper money and not spend on paying considerable commissions. Although stablecoins are of course a very manipulative tool, there are always rumors around such coins, but nevertheless everything works.
Everybody in crypto market needs a stable coin. It will serve as contingency coin for us in case that the market will have a drastic decrease of price value. Besides, stable coin means stable income and it will always a great news for us.
It is true, and one more thing that stable coins are also always suitable in terms of saving existing assets, because with stable coins everyone will not experience big losses when market conditions start to turn in a bad direction.
Stable coins are very useful in the crypto market due to its high volatility, we have all seen how crazy the crypto market can be sometimes just like when bitcoin flash crashed last year, leaving your money in volatile coins are very risky cause you could wake up to a smaller amount in USD compared to what you left, 90% of all the traders use stable coins to lock in their profits so that the value will never drop.
think if we should look back in 4 years back in cryptocurrency industry, crypto do very well to be stable in the price value, but is very difficult this days to see crypto that's actually valueable, not until we started seen stable coins in the crypto market but there's no change in the value, Do you think we need stable coins?
In my trading stable coins are useful to avoid the volatility in the market. For me its main purpose is to easily convert your cryptocurrency into different assents or cryptocurrency. When I'm using USDT I can use it easily to buy in an exchange because this stable coins are supported in more exchanges allowing to sell and buy smoothly without the need of buying BTC one by one or per order since it could all be converted into USDT or other stable coins. Stable coins are also a good investment for a high interest rate compared to some alternative coins most of the stable coins have a high annum interest rate.
Stable coin is definitely needed. The crypto market is very volatile and you need stablecoin to keep your funds safe. Because when you put your fund in other coins and since those coins fluctuate, the amount of your fund will also fluctuate here. In this case stablecoin will be able to keep your fund safe.
Because stablcoin is designed in such a way that its value will always be the same so your fund will not fluctuate here. And stablecoin is a good option for sending funds from one exchange to another.
Because stablcoin is designed in such a way that its value will always be the same so your fund will not fluctuate here. And stablecoin is a good option for sending funds from one exchange to another.
Do we need stable coins? Yes we need them! Simply times are too volatile, and you need to have a safe place for the stormy days! It's all about trading for me, and keeping my value when the prices are dropping, I don't use stable coins for other purposes... I don't gamble with them, and I don't hold them for a long time.
I think we need to have some quick and safe stable coin...it's too expensive to move dollars or euros, and for some people it can be complicated (who live in Third World countries), we use stable coins as crypto, we can create wallets easily and do with them what we want!
I think we need to have some quick and safe stable coin...it's too expensive to move dollars or euros, and for some people it can be complicated (who live in Third World countries), we use stable coins as crypto, we can create wallets easily and do with them what we want!
The usecase which also important instead of securing profit of crypto is to arbitrage between exchange.
You can send USDT from one exchange to another, but you cant do it with USD or another FIAT. Its because stable coin built on blockchain.
You can send USDT from one exchange to another, but you cant do it with USD or another FIAT. Its because stable coin built on blockchain.
In fact, cryptocurrency markets are always volatile. Stable currencies are used to ensure asset protection by converting invested assets into stable currencies during high volatility in the market. Although it is not possible to trade with them directly, it is useful indirectly. This is because after selling a currency at a higher price, if it is converted into a stable currency and the price of the currency sold decreases again, it can be easily traded by making a profit by converting it into a converted currency.
Of course we need stable coins in the market so that we can make profit or preventing losing money, it's a very useful pair when trading a volatile coins. The stable coins that I usually use is USDT.. Without stable coins I don't know if we really can make money in trading, volatile coin pairing volatile coin, seems it's difficult to make money without stable coin.
In crypto market, the price of coins is equal to one dollar they are called stable coins. The price of coins fluctuates a lot in this market. It is a good technique to keep your money in a stable coin when the market is volatile. So, these stable coins plays an important role in the market.
I think it is necessary to make this market run better, if you read through some of the shared information about where the future crypto will focus, you will find it necessary. I do not remember exactly which stablecoins they focused on more research in order to be widely applicable.
i believe that we need stablecoins. at least for newbies in trading as me. when i am in stablecoin as usdt i can be shure that i will not loose my money.
it is too difficult for me to see the movement of all tokens at this time..that is correct what you said before we are very easy to get the best tokens..!!
is it because now too many new tokens have sprung up and are only looking for profit by offering good ico prices.
is it because now too many new tokens have sprung up and are only looking for profit by offering good ico prices.
Yes we need atleast 1 stable coin. We can't hold our assets in our wallet risk free. Even we can't Trust eth/btc because off their high risk of pump and dump. Usdt was a good coin but It's not quite stable. Besides that there are many rumours againts usdt so we can't Trust this also.
We we are in need of a stable coin.
Definitely, i agreed there should be just only one or more trustworthy stablecoins which could be use for securing our assets when there's need for such, especially when bitcoin and ethereum start playing dip. USDT would have be a savior for this regard but becasue of it trustworthiness which the community still doubt made it a risk to store your asset USDT. We we are in need of a stable coin.
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