I usually use stable for be ready to buy when alts or bitcoin dump. Some exchange don't have fiat and I have to pay with my creditcard. Douring the period when my stable are holded I usually invest them in lending
well it is a very good step because it can secure your assets when a dump occurs, so it can be said that the usdt has an important role for traders, so it can be said that stable coins are very important and very necessary. 
Topic: do we really need stable coin? - page 8. (Read 1478 times)
I don't think this is necessary because there are already some good stable coin projects and also exchanges providing tokens or altcoin or can also be called digital fiat from each country's currency, so that is enough to secure our assets when the market is really bad or also to make money withdrawals to a bank account.
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
I need a stable coin to store my money in a stable coin for a while, especially if bitcoin price is hard to predict, and we don't want to see the value of our money is a decrease from time to time. So we can convert the bitcoin or altcoin to the stable coin, and we don't have to worry about decreasing the value. Besides that, I think the stable coin will have another reason than just storing the value of the money from the decrease, but I don't know much about that.
We definitely need it, because when the market collapses, stablecoins will be the best option for us to take refuge in. I regularly use stablecoins to trade and profit from it. Without stablecoins, I believe that everyone in this market will lose a lot
but one has to be careful with stablecoins. not all coins can exist very long. I only trust 2 stablecoins, USDT and USDC. other stable coins can disappear very quickly 
We need stable coin, if not, it would not grow to a big market, the biggest stable coin is in the top 3 of the market, so that explains a lot why we need them. People who enter in crypto especially the traders need a stable coin if they don't trust an altcoin to trade, as we can see on the volume of stable coins in the market, we can tell that majority of the traders are just trading on bitcoin movement and use USDT and other stable coin for trading.
Yes we really do need stable coin for in case of bitcoin halving the money could be converted to these stable coins. Due to high transaction cost between fiat and bitcoin conversion the better not do it instead those stable coins will help you to avoid the depreciation or loss from bitcoin market crash if it does.
There are few stable coins in the market and it is easy to spot them also for one can use google to search for the stable coins. In my case I know some already there is no problem already whenever I need to convert my btc to stable coins.
There are few stable coins in the market and it is easy to spot them also for one can use google to search for the stable coins. In my case I know some already there is no problem already whenever I need to convert my btc to stable coins.
We definitely need it, because when the market collapses, stablecoins will be the best option for us to take refuge in. I regularly use stablecoins to trade and profit from it. Without stablecoins, I believe that everyone in this market will lose a lot
Yes please, we do need a stable coin. With stable coins many institutional companies are now having confidence to invest in CRYPTO. It will be easy to trade derivatives with ease. Exchanges like INJECTIVE protocol will also have a boost of liquidity so every thing tradable can be traded.
of course because crypto currency is very volatile so we need stable coins when the market moves up and down very quickly to avoid losses when a dump occurs.
everyone will not fully monitor the 24-hour market.
So the right choice when you don't want to trade is to change it to stable coins, unless you intend to keep your coins and are sure if the coins will rise.
everyone will not fully monitor the 24-hour market.
So the right choice when you don't want to trade is to change it to stable coins, unless you intend to keep your coins and are sure if the coins will rise.
I usually use stable for be ready to buy when alts or bitcoin dump. Some exchange don't have fiat and I have to pay with my creditcard. Douring the period when my stable are holded I usually invest them in lending
This!Many times have i traded altcoins for BTC, only to have an actuall loss in $ due to BTC fluctuation. For example, i sell altcoin X for 20% profit, yet i get less money because BTC has gone up or down.
Also, consider scoring big money, which you want to withdraw. Best thing would be to convert it to a stablecoin (say USDC) and slowly withdraw daily or weekly. If you keep BTC for longer period, you might end up losing some of the money if BTC price falls.
I usually use stable for be ready to buy when alts or bitcoin dump. Some exchange don't have fiat and I have to pay with my creditcard. Douring the period when my stable are holded I usually invest them in lending
I think converting your bitcoin to fiat have alot of fees, it might cost you alot just to convert 2 times because of fees, if your plan
is to preserve your portfolio value when a dump is happening, with stable coins you just have to pay the trading fee, which saves you alot of money.
is to preserve your portfolio value when a dump is happening, with stable coins you just have to pay the trading fee, which saves you alot of money.
It's a good option to have. I use USDC regularly and it can be useful particularly during periods of volatility.
If we look at the benefits, then not only does the USDC have benefits for everyone here, but the USDT is also very useful for everyone both in terms of saving assets and others, because stable tokens always have benefits in any period.
It's a good option to have. I use USDC regularly and it can be useful particularly during periods of volatility.
We really need stable coins in order to keep our investments in them at the right time, because we all see how often the cryptocurrency market falls and falls very strongly, and it is at these moments that we need to keep our investments in stable coins so as not to lose our investments.
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?
If you are not a trader then you don't really need stable coins and saying crypto is stable is deceiving, we all know that bears can hijack the market at any time because crypto volatility is not something we can escape, sooner or later it will happen
you mean stable coins makes no sense because they dont increase ? you can read its name again and you will know why . devs wont create it if theres no purpose for it . i know other devs can create a useless coin but their goals is different because they only wants to scam while the other wants to provide a solution to the known issues on crypto . there are times that crypto became stable but it does fluctuate too although thats not really noticieable before due to the small values of cryptos compare to now.
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?
I think we need but too much stablecoin is not. We already have too many of these coins but their actual use case are all the same. I understand some uses it to benefit on their supported country but if you expect it will go up. There is no point calling it stablecoin if the value would increase. It will but only to the market correction and depends on the pricr it should be valuable. 
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?
I think we need but too much stablecoin is not. We already have too many of these coins but their actual use case are all the same. I understand some uses it to benefit on their supported country but if you expect it will go up. There is no point calling it stablecoin if the value would increase. It will but only to the market correction and depends on the pricr it should be valuable. To an extent, Yes we need them because they help in protecting funds against crypto volatility, this is the only huge usefulness they have. To show you how much they have grown because we need them, take a look at how many users that USDT have today, even to the extent that you can send USDT via three chains, ERC, Omini and TRC, all in a bid to ensure faster transactions. However, irrespective of their usefulness against crypto volatility I do not trust them so much to hold for long. Furthermore, there are still cryptocurrencies that are valuable but however, they are just few.
You are right, to a large extent I think we need stablecoin around to secure our funds during the time of market instability, I didn't know about the use of stablecoin back in 2017 so I couldn't save some of my funds, I lose lots of my investment as the market went down, if I had known more about stabecoin then maybe I would be ready, so yes, I think stablecoins are very essential.
Jump to: