Do you believe in stablecoins?? - page 16.

Muwatti

newbie

Activity: 176

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Quote from: bornforfreedom on May 25, 2018, 03:49:06 PM

I'm really curious to see if everyone believes in stablecoins. To name some, there is Tether, Havven, Basis, and Makerdao. Which one is your favorite? Mine is personally Havven.

Sometimes it feels like I'm the only one rooting for stablecoins. I think they're truly the way to mass adoption.

Of course we are all hoping it to happen to have a stable coin in the market.... Because we all know that price movement affects us.... The price in the market is always fluctuating thats why we really get difficult on calculating our profit.... But if it have a stable coin maybe we ca work here much good an safely....

Ryanpogi

member

Activity: 294

Merit: 10

That way, all coins are moving every minute even hours. So we can not tell if a currency is stable. That's because of the investors and scams. If I'm not mistaken. Thanks ..

entemeister

jr. member

Activity: 166

Merit: 1

Quote from: bornforfreedom on May 25, 2018, 03:49:06 PM

I'm really curious to see if everyone believes in stablecoins. To name some, there is Tether, Havven, Basis, and Makerdao. Which one is your favorite? Mine is personally Havven.

Sometimes it feels like I'm the only one rooting for stablecoins. I think they're truly the way to mass adoption.

I don't, even if there are proofs that they are backed by real money, simply because that backing can disappear at any moment. It's a risk you have to take into account.

aleksnutis

member

Activity: 252

Merit: 10

I use stable coins for trading (or when I need to sit out correction, fall of price) or transfer from the exchange to the exchange. I always use a tether.

Aptekary

member

Activity: 602

Merit: 10

Quote from: Ethan Becker on June 21, 2018, 03:19:43 PM

My favourite stablecoin is TUSD (TrueUSD), because Bittrex team trusts them(they first who added this coin). I don't like Tether, because they have some problems with audit.
I heard yesterday that Tether will be audited, but I don't know what they will doing.

this is very bad news, because I wanted to make decisions to keep all my funds in USDT. so I wanted to keep real money in the equivalent of a crypto currency, which equals the dollar and practically does not change the rate.

Ethan Becker

newbie

Activity: 142

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My favourite stablecoin is TUSD (TrueUSD), because Bittrex team trusts them(they first who added this coin). I don't like Tether, because they have some problems with audit.
I heard yesterday that Tether will be audited, but I don't know what they will doing.

alexcopper

member

Activity: 280

Merit: 12

Quote from: KMattox on June 21, 2018, 02:47:23 PM

I don't know...
Stable coins could be a great thing or a really bad thing...
tether for example is not clear how it works...
furthermore, are they minable? I would like to learn much more about them...

I would look more into Havven through their website: https://havven.io/

Quote from: multyple8 on June 21, 2018, 02:57:46 PM

Stablecoins is strange concept, by my opinion. Why ever you need crypto to bind it to Fiat? Useless additional interlayer by me.

Only some stablecoins are pegged to fiat but I know Havven has its own dual token system that as a result becomes crypto-collaterized

bikitkih

jr. member

Activity: 184

Merit: 1

If I myself like the base because he is basis and friendly, answering questions if asked or provide answers, which makes me like the same basis

multyple8

newbie

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Stablecoins is strange concept, by my opinion. Why ever you need crypto to bind it to Fiat? Useless additional interlayer by me.

KMattox

newbie

Activity: 32

Merit: 0

I don't know...
Stable coins could be a great thing or a really bad thing...
tether for example is not clear how it works...
furthermore, are they minable? I would like to learn much more about them...

alexcopper

member

Activity: 280

Merit: 12

Quote from: blockman on May 31, 2018, 05:20:51 PM

Quote from: carlfebz2 on May 31, 2018, 08:45:35 AM

Quote from: blockman on May 25, 2018, 06:30:58 PM

I'm not a fan of stable coins so I don't have any of it.

But it can be a good life saver when you want to flee from the pain that the market is showing. I think that's their main feature, to save traders when the market is shaking the weaklings.

This is on how i do see on these stable coins which their actual usage would be like this where you would able to convert yourself from alts or bitcoin itself to these kind of coins to avoid the volatility of the market but when it comes to profitability then i would say this is just a dumb coin to invest or purchase on. Only Tether i do recognize on the above listed and the others is yet unknown into my ears and i dont know where those coins came from.

Yes there's no profitability in stable coins but if you can come up with few percentage growth with it and you are good then you may find a window to it.

The price I can see is it's few cents increase, like last time it was $0.99 per Tether and when it reached $1 per USDT you have few profit on it.

there is profit with Havven if you're a havven holder. You get paid fees. https://havven.io/how-it-works

Bhosted

full member

Activity: 328

Merit: 100

Honestly, I do not know much about Havven. I mostly prefer coins with the top 20 on a coinmarketcap. I think that there it is quite easy to find promising coins with great potential right there.

dunfida

legendary

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Merit: 1140

Quote from: blockman on May 31, 2018, 05:20:51 PM

Quote from: carlfebz2 on May 31, 2018, 08:45:35 AM

Quote from: blockman on May 25, 2018, 06:30:58 PM

I'm not a fan of stable coins so I don't have any of it.

But it can be a good life saver when you want to flee from the pain that the market is showing. I think that's their main feature, to save traders when the market is shaking the weaklings.

This is on how i do see on these stable coins which their actual usage would be like this where you would able to convert yourself from alts or bitcoin itself to these kind of coins to avoid the volatility of the market but when it comes to profitability then i would say this is just a dumb coin to invest or purchase on. Only Tether i do recognize on the above listed and the others is yet unknown into my ears and i dont know where those coins came from.

Yes there's no profitability in stable coins but if you can come up with few percentage growth with it and you are good then you may find a window to it.

The price I can see is it's few cents increase, like last time it was $0.99 per Tether and when it reached $1 per USDT you have few profit on it.

Then how long does it take to move $0.1? For sure if you are a trader on investor you would really change your mind because you cant see an opportunity here on making money lets say it does move on 1 cent then how much you will able to profit on? I dont see you will stick to it yet you would able to see there are lots of coins in the market which will give out more profitability than into these stable coins.

rjefferson

member

Activity: 150

Merit: 10

Quote from: Isaak Brenner on June 01, 2018, 06:14:58 AM

I believe only in TrueUSD, because Bittrex team believes in that and I trust them. I don't beleive in Tether, because their policy of issuing money is not transparent, they refuse to conduct an audit - I don't like this.
I heard about new stablecoin - Circle, I believe in that too, because this is token from Goldman Sachs(Poloniex).

IMO trueUSD is a joke same with basis too. I'm a personal believer in Havven just based on their credibility as a company. For me that stems from the team, partnerships, vision, dev, and ideologies. You should read up on them because they're launching nUSD on june 11th which is a huge deal

EvaGC

member

Activity: 476

Merit: 11

I recommend you read: Bringing stablecoins to the next level
https://medium.com/@globcoin_io/bringing-stablecoins-to-the-next-level-357879430b0f

sehoon

full member

Activity: 840

Merit: 101

Yes, I believe in stable coins because they are stable. And for me, there is really nothing wrong with stable coins as long as it will grow in the future. So far, I haven't researched about stable coins that are absolutely stable like they are not going to grow in the future. I think that is going to be really bad for the investors if they invested in a coin like that.

richeesee

newbie

Activity: 98

Merit: 0

Yes, I believe

Killrbit

member

Activity: 224

Merit: 31

Quote from: bornforfreedom on May 25, 2018, 03:49:06 PM

I'm really curious to see if everyone believes in stablecoins. To name some, there is Tether, Havven, Basis, and Makerdao. Which one is your favorite? Mine is personally Havven.

Sometimes it feels like I'm the only one rooting for stablecoins. I think they're truly the way to mass adoption.

Personally no don't believe in stable coins, I dont see how the concept can work in the long run, unless you have a great deal of transparency/ audits with regard to how the money is stored, managed and so on. I mean the whole point of btc/crypto is to remove the trusted third parties. All that asie even assuming the stable coins tether/tusd etc are not cooking their books, i still think the USA will crackdown on it for money laundering. Check out the liberty reserve case for more information.

There is also an interesting article by Vitalik on stable coins very interesting and worth a read check it out here : https://blog.ethereum.org/2014/11/11/search-stable-cryptocurrency/

totoy4741

member

Activity: 882

Merit: 13

I am not. I have not seen any stable coin since I've been into crypto. The value goes up and down even those household names in the market. If the market turns red it will affect evey coins ecen if it is stable.

Isaak Brenner

newbie

Activity: 76

Merit: 0

I believe only in TrueUSD, because Bittrex team believes in that and I trust them. I don't beleive in Tether, because their policy of issuing money is not transparent, they refuse to conduct an audit - I don't like this.
I heard about new stablecoin - Circle, I believe in that too, because this is token from Goldman Sachs(Poloniex).

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