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Topic: do we really need stable coin? - page 10. (Read 1478 times)

hero member
Activity: 2296
Merit: 506
Cryptocasino.com
August 02, 2020, 07:14:11 AM
#23
Of course, we need stable coins to insure the risks of trading. If stable coins do not exist then people will not be able to exit the position in time and will lose their money

They can't secure their money. I remember this has become a big problem in the past when so many people were looking for the thing to solve the volatility problem. Stable coin is really needed by anyone right now and Im also using it right now.
full member
Activity: 952
Merit: 110
August 02, 2020, 06:51:11 AM
#22
I am a full time crypto trader and I trade using Bitcoin/usdt coins and trading pair, most times I keep USD in stable coins and wait for a perfect time to buy back some satoshis, this is the fastest way to double your Bitcoin, usdt and other stable coins are very useful in volatility market
legendary
Activity: 2982
Merit: 1069
★Bitvest.io★ Play Plinko or Invest!
August 02, 2020, 06:42:17 AM
#21
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?

There are many advantages of introduction of stable coins in the crypto market. Stable coin is not only a powerful tool for crypto traders who make profit on price fluctuation but also a system to reduce crypto price volatility. Prices of crypto has been less volatile after the popularity of stable coin. The current price trend is an example of it's action.
sr. member
Activity: 1722
Merit: 269
August 02, 2020, 06:39:47 AM
#20
Stable Coins are a comfortable way to secure a profit or to prepare a certain amount of money for an investment that won't change in value every day.
You don't have to think about volatility of ETH for example all the time and can be sure that the 1000$ you paid for are still 1000$ in a week or month.  Smiley
jr. member
Activity: 49
Merit: 1
August 02, 2020, 06:37:43 AM
#19
Stablecoins are the nice safe haven inside crypto space, they have thier own purpose for sure
member
Activity: 756
Merit: 14
August 02, 2020, 06:32:59 AM
#18
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?
You are a newbie and you aren't into trading that's why you don't understand how important stable coins are, crypto isn't always stable and only stable coins gives full stability to its users, store stable coins for trading or for fixing volatility
member
Activity: 1078
Merit: 21
COMBONetworkio
August 02, 2020, 06:25:49 AM
#17
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?
now we still need it, because to save funds from our trade, we know that crypto currencies are still very volatile, and stable coins are still needed, just wait until crypto currencies are not volatile, then stable coins I think there will be no need anymore
full member
Activity: 896
Merit: 198
August 02, 2020, 06:21:30 AM
#16
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?

Stable coins mostly use by traders in exchange, for traders who always want to secured their profit that currency can help mostly if you have large funds use for trading.

We need this so that our trading will not be disturbed every time we want to take profit without having  the need to use  our banks to secure it .
legendary
Activity: 2452
Merit: 1025
Energy coin master
August 02, 2020, 05:17:09 AM
#15
Stable coins are all about trust and the trust is based on the link to real-world assets.
That is the weak part of stable coins the link with these assets.
Who guarantees the amount of needed collateral and the collateral can't be invested in other assets so the financial return is zero.
With a financial disaster and a huge amount of stable coin in circulation, the system can collapse.
Do we need Stable coin, yes!
I work on the application of Stable coin for Stakecoin.
But have no solution for the collateral funding.
member
Activity: 560
Merit: 26
August 02, 2020, 04:48:54 AM
#14
While the future of main crypto is still uncertain. One of the biggest issues is Bitcoin's status as a store of value and a bubble that can increase and decrease any time depending on the fundamentals, Stable coins are considered as safe heaven by investors and traders to avoid this huge losses.

Mostly adopted by top exchanges for trading, look at BTC/USDT, ETH/USDT AND LTC/USDT Volume compare to other trading pairs, stable coin dominate the entire exchanges.
Majority of future Exchange  traders /institutional investors preferred to be settle in PNL USDT than BTC.

This stable currency are also alternative to Fiat/ physical currency
full member
Activity: 891
Merit: 100
Oikos.cash | Decentralized Finance on Tron
August 02, 2020, 03:42:57 AM
#13
Of course, we need stable coins to insure the risks of trading. If stable coins do not exist then people will not be able to exit the position in time and will lose their money
member
Activity: 166
Merit: 12
August 02, 2020, 03:42:32 AM
#12
Yes I need stable coins for the following

1. To make trades on binance exchange
2. To hold few dollars and wait for opportunities to buy coins at very cheap price

Crypto market is very unstable, price surge and price dump unexpectedly most times, having stable coins in your wallet is the best move for trader who knows what they are doing
sr. member
Activity: 1246
Merit: 255
Leading Crypto Sports Betting & Casino Platform
August 02, 2020, 03:41:58 AM
#11
Without stable coins it isn't easy to get into trading. Most of the small volume traders prioritise cryptocurrency pairs with stable coins on trading. Also users who are worried about the market fluctuation of cryptocurrencies can prefer holding stable coins. This will be more secure and won't affect the capital.
member
Activity: 166
Merit: 10
August 02, 2020, 03:39:25 AM
#10
Stable coin is a life safer from unstable crypto market, it's best way to keep your coins locked at a fixed price or stable price, it's a perfect safe haven from volatility, only those who don't understand what stable coins do will talk against stable coin
jr. member
Activity: 81
Merit: 6
August 02, 2020, 03:27:03 AM
#9
Yes, we do. Just imagine that stable coins in crypto play the roles of fiat currencies in real world. The primary use of stable coins is to measure bitcoin's price. That said, only a couple of stable coins is enough. We don't need a ton of stable coins like now. The problem with stable coins is authenticity: an USDT must be backed up by an USD.
hero member
Activity: 1050
Merit: 501
August 02, 2020, 03:24:21 AM
#8
Yes, we really do need stable coins because stable coins help us during the volatile market. It's a kinda safe haven when BTC is dumping/pumping like crazy because whenever BTC pumps or dumps hard all alts suffer.
sr. member
Activity: 2324
Merit: 263
Enterapp Pre-Sale Live - bit.ly/3UrMCWI
August 02, 2020, 03:21:20 AM
#7
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?
Basically everyone needs stable coins only in terms of temporary asset storage, but specifically everyone also needs good and volume-wise coins to make it easier to trade for profit, because stable coins will not be suitable for crypto trading.
hero member
Activity: 2282
Merit: 505
August 02, 2020, 03:18:59 AM
#6
stablecoins are really useful in this market that is always volatile, you can keep your assets safe at stablecoins, useful in buying and selling very large because their value is not lost, and traders need stablecoin.
The stable coin can be a very good option for those who wanna try to avoid the volatility, stable coin can also be used as a stable payment system too that the merchant will not feel worry about the possibility to get a loses due to the volatility.
jr. member
Activity: 267
Merit: 7
August 02, 2020, 03:14:37 AM
#5
stablecoins are really useful in this market that is always volatile, you can keep your assets safe at stablecoins, useful in buying and selling very large because their value is not lost, and traders need stablecoin.
member
Activity: 210
Merit: 10
August 02, 2020, 03:00:23 AM
#4
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?
Stable coins are very useful most expecially for crypto traders, I always make sure I leave few hundreds of dollars in my wallet to buy coins when price goes way to low for a top altcoin or bitcoin, usdt stable coin is the most popular and it's available on many exchanges, DAI is the best decentralized stable coin if you want privacy
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