do we really need stable coin? - page 5.

albon

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Quote from: Chukwunonso on August 11, 2020, 10:20:28 AM

I personally don't see the reason why every cryptocurrency should be stable. Its awesome to have the volatility of cryptocurrency as we see in the present market. The major reason why people benefit from trading in this space is because of volatility. There are several stablecoin project emerging daily and USDT is no longer the only stable coin in the space we have several others like the BUSD, USDC, DAI etc. The stable coin market can run simultaneously with the volatility market.

I agree with you, if we were holding stable coins to this day during the improvement of the market, we would have lost a lot of profits, these stable coins are useful for those who understand market volatility and know the right time to buy and sell, In this case, stable coins would be a good choice for him to protect his money from risks.

jrrsparkles

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Quote from: Aqib Sarwar on August 02, 2020, 01:48:31 AM

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 has stable values backed by the fiat and it is not going to make the whole crypto market as a stable market, the decentralized currencies are still at the top most of the coinmarket cap and there were thousands of them also gets value them in that way.We don't really need the stable coins but it is useful for the traders that is why tether is on the top list as well.

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Quote from: taufik0911 on August 10, 2020, 08:47:26 PM

yes I think we really need a stable coin because it will be very useful in saving funds for transactions and can be stored for the long term without fear of falling prices and also have low risk
i really like coin stable

Well, stable coins are perfect for those who want to secure a certain amount of their assets, or when they have doubts about the development of a coin. until now, stable coins still have quite a lot of enthusiasts, for example USDT, even USDT is one of the coins that has the most transaction volume.

USDT makes this market more liquid, you can see most altcoins have USDT trading pairs, with the current development of USDT I believe in 2021 it will surpass the capitalization of XRP and 3rd place in coinmarketcap

Chukwunonso

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I personally don't see the reason why every cryptocurrency should be stable. Its awesome to have the volatility of cryptocurrency as we see in the present market. The major reason why people benefit from trading in this space is because of volatility. There are several stablecoin project emerging daily and USDT is no longer the only stable coin in the space we have several others like the BUSD, USDC, DAI etc. The stable coin market can run simultaneously with the volatility market.

totoy4741

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Quote from: jessyj48 on August 02, 2020, 05:32:59 AM

Quote from: Aqib Sarwar on August 02, 2020, 01:48:31 AM

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

Is that the only reason why stables coins are created? I mean for sure he/she wouldn't have know in the first place that why she/he is asking. Me, myself have been around in crypto but I don't really know what any other uses stablecoins can bring aside from being an alter to cryptocoins when traders needed them.

WalkerIVIV

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Quote from: taufik0911 on August 10, 2020, 08:47:26 PM

yes I think we really need a stable coin because it will be very useful in saving funds for transactions and can be stored for the long term without fear of falling prices and also have low risk
i really like coin stable

In various platforms the stable coin have already used for the various purpose too. In lending service and it has already used as a collateral and in trading and it has also used to avoid the volatility. The stable coin is a must for everyone consider from its usefulness.

taufik0911

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yes I think we really need a stable coin because it will be very useful in saving funds for transactions and can be stored for the long term without fear of falling prices and also have low risk
i really like coin stable

FinneysTrueVision

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All stablecoins are centralized and undermine what crypto is about. People are willing to make that sacrifice for the sake of convenience. There are already many doubts surrounding Tether and being one of the biggest coins in market cap it has the potential to collapse the price of Bitcoin if we found out it was all a scam the whole time.

Chuky92

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Maybe not for you and maybe you have not seen the need to use it which is understandable but to be frank, stablecoins are needed. Now their needs is only limited that is, they are meant to be used within a particular time frame, because since they don't grow in value it doesn't look good holding them for a long time. In addition, this particular time frame aforementioned is during bear market to protect our assets against volatility but once the market looks good, then holding other cryptocurrencies like Bitcoin becomes better.

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Quote from: Aqib Sarwar on August 02, 2020, 01:48:31 AM

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 opinion, stable coin are very important to hold the money we have in cryptocurrency so that the price doesn't go down when we don't want to invest in altcoin yet, because if we save our money in BTC or ETH then the value will be able to change only in the near future (it can go up or down), therefore I personally really need stable coin.

NoG-NoG

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Nowadays many unstable coin after a certain time tends to be a scam or shit coin or even no value that make some of the project maker think of stable coin which is nowadays a good coin because we all know that the crypto world and industry is so volatile for change and it can really change so far and having a stable coin can boost the morale of the crypto enthusiasts here.

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Quote from: Aqib Sarwar on August 02, 2020, 01:48:31 AM

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?

Well, in my opinion not everyone needs stablecoin. It is for active traders and to make transfers with stable value worldwide while staying under the cover of blockchain and crypto. Personally i like the concept of stablecoins and with each and every country coming up with their official coins it shows that the need for stablecoins is real.

Febo

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Quote from: Aqib Sarwar on August 02, 2020, 01:48:31 AM

Do we really need stable coin?

Stable coins helps you to avoid pay taxes while you trade fiat and crypto. In most countries you need to pay capital taxes at the moment when you change crypto to fiat. Stable coin sis like fiat just that is legally not fiat but crypto. So people that bold Bitcoin for stable coin and are waiting to buy back after few months dont need to pay taxes now but only latter when will actually sell for fiat.

Vishnu.Reang

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We would not need it in case all the countries around the globe legalizes cryptocurrency. But that is not the case we are having right now. We have markets such as China, where fiat to crypto (and vice versa) trade is prohibited. Under such circumstances, the traders have no option other than to use Stablecoins. However, these coins have no usage outside the exchanges.

mezzaluna

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Well, if we are in the past, it is only possible that we really need an Stable Coin since it would have the capability of being an standard within the Cryptocurrency Industry. Although within the years, we saw that every Alternate Coin has the capability of that and it just depends whether people decide if it can be an Stable Coin but that process would take years and developers need to think of a way in which they can profit from it.

MCobian

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We all need stable coins, even the trading volume of USDT is the highest in the crypto market. This means
that stable coins are needed, for me to avoid volatile crypto prices I usually keep assets in stable coin. Even
when I trade for the profit I make I save it as stable coin.

prehisto

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yea, we need them.
But we need trustworthy stablecoins with transparent stucture and backing, not like USDT.
Stable coins could be better for bussineses who operate around the globe , small and big. These coins could provide fast ,safe, cheap transactions.

robattfield

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Stablecoin makes it easy for investors to access this market. And it keeps investors safe when markets bleed or crash. Without stablecoins, I think this market would have died a long time ago when the price of cryptocurrencies fell many times.

Lynfax

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Quote from: Aqib Sarwar on August 02, 2020, 01:48:31 AM

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?

stablecoins are needed in someway, but I'm still not sure how exactly.
I think that the worst thing about stablecoins is they're centralized mostly and that blows away most of good things of typical cryptocurrency.
But they're helpful also and I still can't see the solution to this - if crypto market won't offer users something as useful as stablecoins and more secured, I believe we won't get rid of them ever again

Dollar_Hunter

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stable coins are always needed, although there is a lot of controversy, but for now I and all still need it,
maybe in the future stable coins will disappear, because the meaning of decentralization is not stable coins

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