Stable coin is backed up by something valuable such as fiat money, or gold, so the value of the coin won't drop.
What makes facebook coin stable ? If it is not backed by something worth, then i doubt it will be stable.
Peoples can dump the coin anytime because there is nothing behind this coin.
I prefer to see the extent to which Facebook coins can survive in the famous crypto trade fluctuating, whether to sway whether it will stagnate so it is not attractive to investors.
In addition, it will also be proven how much Facebook Coin is expected to compete with bitcoin, whether in the range of tens, hundreds or thousands of US dollars. So, there is no need to respond emotionally to Facebook Coin propaganda. Just relax, because time will give an answer.
here all the answer why to stay away from any stable coin any.....the people that stuck with scams even in age 60-70 when the game is over tthey will still fall to other scams(when the logic function in the mind dont work this is where its end)
here all the answer
any one before post crap that seat inside your head that was produce from the scams that flow over the web without any deep logic why and how crypto coins work dont p0st any shit read before you post at last this simple things to do
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you are right but we need to try to save as much we can from false hopes and other scams the other that stuck over there ...
time will put them in the right corner and even then most of them will fall to different scam, its type of people that uneducated and the logic function inside their head dont exist which mean they even thik they smart and as i say even after years they get that they didnt did a dime from any stable coin, they will fall to other scams but we need to save as much as possible
some one on reddit say when you debunk people which support this scams and part of it that suck a lot of blood(false hope,energy,time,...) its like the open scene of the movie blade 1
https://www.youtube.com/watch?v=3cG9xm07SSs&t=124syou save few the other stuck forever from scam to scam until they in age 60-70 , and it game 0ver hhhhhhhhh
the other that listen to the smart and they dont need to believe just need to have logic
not to mention out there tons of bots and accounts of great people spread the word to stay from any stable coin.
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all what i say send this info to expert blockchain or smart people in MIT or OXFORD see what they say about what i say, i have tons of friends overthere they know where to invest, who has good logic get it if kids on rddit know this.
here my explantion what is real crypto stable coin dick head read and educate your self before you post the crap inside your head:
real crypto stable coin peer to peer work on smart code and pegged/backed by self code and not usd or other crypto,
how....the code reduce supply coins if there is low buy and visa verse produce more coin when there is huge buy for the coin and basically the code play with the supply coins to make stable coin.
here the same explantion in other words from blockchain expert:
The Basis token is stabilized through on-chain supply management.
When the price of Basis is not at equilibrium, the smart contract increases or decreases supply to bring the price back to $1. The contract decreases the supply through by burning coins if the price of Basis is too low. On the contrary, it increases supply if the price of Basis is too high.
its all 0v3r the web this explantion and you cannot figure out this shit hell what you do in this game???
now all other crypto stable coins pegged/backed by usd or daimonds or gold all are scam why
because there is no profit you just exchange value nothing more...lets say you exchange usd for crypto stable coin backed by gold...did you make profit ....no, after this you exchange the same crypto stable coin backed by gold to gold ....did you make profit......no, because you exchange nothing more its like to exchnage eruo to usd and then usd to canadian dollar in this process called exchange and when you exchange no matter how much there is no profit and its not called investment...
more deep, if smart mind invest usd(exchange) to something that have stable value he will exchange money to gold or diamonds directly without crypto stable coin that backed by gold or diamond, why the hell he need to exchange to crypto stable coin backed by gold or diamond when he directly can exchange to diamond or gold dick head to you get it even kids understand this.
now your dick head cannot understand something simple the all point of crypto it is because the value of the coin can grow very high,,,what the point of stable crypto coin if it stable you just exchange nothing more if you can understand this, which from your answer you dont understand this simple logic compare to kids that easily know this facts ...its lead us that you never make a dime in crypto space and never will do until your logic start work
and why we need stable coin when the prices of supermarkets,houses, and other things only go up and the stable coin if it crypto or paper money stay in the same level/price do you get it fucking dick head
kids know this which school you was?HuhHuhHuhHuhHuhHuhHuhHuh?/