Im big fan of stable coins and this is what I think - page 2.

cryptoboss2020

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Quote from: Taskford on March 23, 2021, 10:02:23 AM

The only good thing we can get on stable coin is that reasons about being safe from the dump if market crash but what happen if we are bullish the same what happen these year? We are left out and doesn't earn anything for staking stable coins. This is one of the reason why I choose to use this sometimes just only for my trades since I want to earn by volatility and good market strikes for using volatile coins like bitcoin also with ethereum.

your going to feel sorry if you traded all your volatile cryptos unto stable coins when the market pumps because you are not going to earn even a single cents but unless if you follow what the op advices which is your going to lend out your stable coins to the people that are in need .

lending is a nice business tho indeed but you should be careful from lending your coins and lend only to those who you think are trusted and has a nice collateral . if your a trader stable coins are still uselful with you if you know how to use them wisely .

Lol... What You Think??
Im Going to lend only with guarnties.
I lend to governments and to make sure they back the governments have rulers who will either gives Land or other valueble assets.
Thats how it works men!

arwin100

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your going to feel sorry if you traded all your volatile cryptos unto stable coins when the market pumps because you are not going to earn even a single cents but unless if you follow what the op advices which is your going to lend out your stable coins to the people that are in need .

That's what the major disadvantage for holding stable coins so you will miss out the opportunity brought up by the bullish market but on the other it hand it can make us safe also from high dumps if that scenario happen and if your holder or a fan of stable coins you can still earn by using it on your trades since this is good option to use to avoid unnecessary losses brought by volatility.

Quote from: ?? on ??

lending is a nice business tho indeed but you should be careful from lending your coins and lend only to those who you think are trusted and has a nice collateral . if your a trader stable coins are still uselful with you if you know how to use them wisely .

This is the lender needs to be careful on who they are dealing with since the risk for barrower to default their loan is high so ask something good collateral is really good if you want to start a lending business by using those stable coins as your main currency.

cyriljundos

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Quote from: cryptoboss2020 on December 09, 2020, 12:11:37 PM

So the government will collect and mint stable coins like USDT USDC amd Other currencies like eur and gbp use it ethereum platform.

Next they will lend out the stable coins

And if we Buy Now or hold stable coins we will make good roi as we could lend out our stable coins too

I see this is coming ill hodle hard USDC.
So anyone could be the banker and lend others the stable coins who dont have them as world will go full in stable currencies

USDC is stable coin i agree but there are lot of coins that are more profitable than buying a stable coins like USDC. buying alternative altcoins in binance ,bittrex and other exchanges and trade it in order to gain profit in a short period of time. holding USDC is also good if you have high capital and holding it in months .

LUCKMCFLY

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Having stablecoin is not bad, tether, usdt for me , are the most reliable, some are now preferring BUSD, I don't know what the reason is, but owning stablecoin to become a lender is good when you live in a country with a totally inflationary economy , since the local currency is devalued depending on the country.

If we take into account countries such as Venezuela, Argentina, having stablecoins is a luxury business, because if you sell stablecoin and exchange local currency, you are gaining with a large advantage due to the large arbitrage window that exists. Although to have everything under a good balance it is better to have half in Stablecoin and the other in Bitcoin or cryptocurrency. Although to have everything in good balance it is better to have half in Stablecoin and the other in Bitcoin or cryptocurrency, this just in case a rise in the price of the cryptocurrency occurs.

satsmainman

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Stable coins have a very strong benefit in the cryptospace, particularly to everyone in the space as it bring fiat into the cryptospace. When the supply is manage by a trusted provider, there's no cause for alarm. USDT and the rest are a good hedge for traders when the market is going south.

iv4n

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OP lives in some imaginary world! To say that before anything else!

Quote from: Darkelf11 on March 23, 2021, 11:30:09 AM

Stable coins are just the same as the dollar like the usdt this is part of the stable coin, also with DAI there is nothing wrong if they tried to adopt this kind of currencies because it's the same and depends on the fiat currency at the same time supported with the cryptocurrency platform there is no trouble may get if they want to commit a transaction. So far in my countryside have not any idea if they would like to support this or not. Hoping sooner or later.

They are not the same as the dollar, stable coins just have the same value as some fiat currencies... but they are far from the same!

Stable coins are good for getting in and out from the trades... at least for now! To be honest, I don't see stable coins or fiat in some far future, they will become obsolete! But that's my opinion!

And don't mix governments and stable coins, one has no connections with the other!

Darkelf11

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Stable coins are just the same as the dollar like the usdt this is part of the stable coin, also with DAI there is nothing wrong if they tried to adopt this kind of currencies because it's the same and depends on the fiat currency at the same time supported with the cryptocurrency platform there is no trouble may get if they want to commit a transaction. So far in my countryside have not any idea if they would like to support this or not. Hoping sooner or later.

Taskford

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Quote from: Arkann on February 27, 2021, 11:44:34 AM

Quote from: AndySt on February 10, 2021, 07:20:10 PM

Quote from: Samayuki on February 10, 2021, 04:24:40 PM

It doesn't make sense because the government already have a plan to release their own CBDC, why would they put CBDC aside and allow USDT? I only use USDT to store some dollars that's the only use i have for the project, if you invest on USDT you aren't getting anything back, a stable coin is a stable coin

If you start talking about investing, then you should immediately make a reservation that stablecoins, due to their binding to the exchange rate of fiat currencies, do not have anything to invest in. Also, you should immediately keep in mind that all stablecoins have no direct relationship to fiat currencies and no one can give any guarantee of the safety of funds, so if you want to increase your funds through cryptocurrencies, then stablecoins will not be able to help in any way.

Anyway, a person will be wrong if he plans to increase his capital thanks to his investments in stablecoins. The very essence of the stablecoin is a practical fixed rate.
It is beneficial to use a stablecoin at a specific time when the market falls in order to minimize your loss, or to store your funds on the blockchain, and not in the bank.

The only good thing we can get on stable coin is that reasons about being safe from the dump if market crash but what happen if we are bullish the same what happen these year? We are left out and doesn't earn anything for staking stable coins. This is one of the reason why I choose to use this sometimes just only for my trades since I want to earn by volatility and good market strikes for using volatile coins like bitcoin also with ethereum.

Ozero

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Quote from: cryptoboss2020 on December 09, 2020, 12:11:37 PM

So the government will collect and mint stable coins like USDT USDC amd Other currencies like eur and gbp use it ethereum platform.

Next they will lend out the stable coins

And if we Buy Now or hold stable coins we will make good roi as we could lend out our stable coins too

I see this is coming ill hodle hard USDC.
So anyone could be the banker and lend others the stable coins who dont have them as world will go full in stable currencies

I'm not sure if governments will issue their stablecoins based on the ethereum platform, or even blockchain at all. China, as it turned out, is not issuing its digitized yuan on blockchain technology, they will have something of their own and they have been creating their stablecoin since 2014. Apparently, by that time they simply did not pay attention to this technology.
I think it would be nice if most of the stablecoins of the central banks of the states are issued on the ethereum platform. This means that their wallets must be compatible with ethereum and its tokens.
It should also be borne in mind that governments may further prohibit individuals and various businesses from using their currency to provide other stablecoins.

Arkann

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Quote from: AndySt on February 10, 2021, 07:20:10 PM

Quote from: Samayuki on February 10, 2021, 04:24:40 PM

It doesn't make sense because the government already have a plan to release their own CBDC, why would they put CBDC aside and allow USDT? I only use USDT to store some dollars that's the only use i have for the project, if you invest on USDT you aren't getting anything back, a stable coin is a stable coin

If you start talking about investing, then you should immediately make a reservation that stablecoins, due to their binding to the exchange rate of fiat currencies, do not have anything to invest in. Also, you should immediately keep in mind that all stablecoins have no direct relationship to fiat currencies and no one can give any guarantee of the safety of funds, so if you want to increase your funds through cryptocurrencies, then stablecoins will not be able to help in any way.

Anyway, a person will be wrong if he plans to increase his capital thanks to his investments in stablecoins. The very essence of the stablecoin is a practical fixed rate.
It is beneficial to use a stablecoin at a specific time when the market falls in order to minimize your loss, or to store your funds on the blockchain, and not in the bank.

jrrsparkles

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Quote from: cryptoboss2020 on February 17, 2021, 11:35:30 AM

Quote from: jrrsparkles on February 17, 2021, 11:31:57 AM

Quote from: cryptoboss2020 on February 17, 2021, 09:08:46 AM

The gov can create if no body dont get profit out of it no body dont move.

CBDC, government will built their tokens on their own blockchain not on ethereum network as you mentioned so the profits will be made by government by simply minting more tokens when the demand increase so people are not going to make any ROI with government issued centralized tokens.

Lol
We can mint Our own erc20 token s lol
Why I should trust them lol

Who told you trust those coins which are premined. Tongue

Tokens created for profits to the developers and the investors also knows that but all they want to do is to take advantage of the initial sale discounts and will dump it once they hit the exchanges.

SquallLeonhart

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Quote from: Webetcoins on February 15, 2021, 04:25:31 PM

Proper reserve is a difficult question to answer for most of the satblecoin, how are they exactly backed, do they have billions of dollars on some bank account, do they have the paper for it on some vault? Do they have some digital numbers moving around from one place to another saying they are backed? Do they have bonds or gold or anything else worth that much? Do they have crypto that they bought with USDT which allowed them to be backed now but with a crash become not backed? There are a billion questions that could be asked about how they are backed even if they are backed.

Hence, I think it is not wise to use stuff like USDT, if you want fiat, go with fiat, if you want crypto, go with crypto, never trust your money with some stranger telling you that they have your money and will give it to you whenever you want, thats a shady business model from the start anyway.

Agree, USDT is not something I would be fine with. DAI on that fron is really a better version, not like I have any dai neither but I think it is at least a bit better because it is working towards becoming a bit more decentralized, and even though there are still things that are lacking there, it is a step taken in the right direction.

What USDT has is literally a company behind it working with a Bahamas bank in order to get away from regulations of USA and be free to do whatever they want with the money they have, is that really reasonable to say that they are legit? I know that they will screw people over and scam them as soon as they find a way to get out without anything bad happen to them. However DAI is not like that, it is decentralized and nobody at the top could steal it.

cryptoboss2020

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Hello, I still do not understand the mechanism by which bitcoin or ethereum, or any other virtual currency, increases or decreases the price / value

Its sell and buy orders on Exchangers.
Thats how
Bigger demand bigger price.
But if people who got a lot cash they Control

cryptoboss2020

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Quote from: jrrsparkles on February 17, 2021, 11:31:57 AM

Quote from: cryptoboss2020 on February 17, 2021, 09:08:46 AM

The gov can create if no body dont get profit out of it no body dont move.

CBDC, government will built their tokens on their own blockchain not on ethereum network as you mentioned so the profits will be made by government by simply minting more tokens when the demand increase so people are not going to make any ROI with government issued centralized tokens.

Lol
We can mint Our own erc20 token s lol
Why I should trust them lol

jrrsparkles

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Quote from: cryptoboss2020 on February 17, 2021, 09:08:46 AM

The gov can create if no body dont get profit out of it no body dont move.

CBDC, government will built their tokens on their own blockchain not on ethereum network as you mentioned so the profits will be made by government by simply minting more tokens when the demand increase so people are not going to make any ROI with government issued centralized tokens.

cryptoboss2020

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Quote from: tygeade on February 17, 2021, 07:56:07 AM

Quote from: cryptoboss2020 on December 09, 2020, 12:11:37 PM

So the government will collect and mint stable coins like USDT USDC amd Other currencies like eur and gbp use it ethereum platform.

Next they will lend out the stable coins

And if we Buy Now or hold stable coins we will make good roi as we could lend out our stable coins too

I see this is coming ill hodle hard USDC.
So anyone could be the banker and lend others the stable coins who dont have them as world will go full in stable currencies

The government will create their own stablecoins and it has nothing to do with USDT or whatever other stablecoins you have mentioned here. And for now we don’t know which blockchain they are going to use, but I’m very sure that they will like to create their own blockchain for the project.

And in case you don’t know, you’re not getting any profit from stablecoins, they are just stable and are pegged to fiat, so holding them is basically holding fiat. Unless you’re going to be lending them out, but that’s a normal thing that you will get profit when you lend out, no matter what you lend with.

The gov can create if no body dont get profit out of it no body dont move.

tygeade

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Quote from: cryptoboss2020 on December 09, 2020, 12:11:37 PM

So the government will collect and mint stable coins like USDT USDC amd Other currencies like eur and gbp use it ethereum platform.

Next they will lend out the stable coins

And if we Buy Now or hold stable coins we will make good roi as we could lend out our stable coins too

I see this is coming ill hodle hard USDC.
So anyone could be the banker and lend others the stable coins who dont have them as world will go full in stable currencies

The government will create their own stablecoins and it has nothing to do with USDT or whatever other stablecoins you have mentioned here. And for now we don’t know which blockchain they are going to use, but I’m very sure that they will like to create their own blockchain for the project.

And in case you don’t know, you’re not getting any profit from stablecoins, they are just stable and are pegged to fiat, so holding them is basically holding fiat. Unless you’re going to be lending them out, but that’s a normal thing that you will get profit when you lend out, no matter what you lend with.

Amejoaquim

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I'm one of the fans for the big coins and I don't care about other coins that are outside of the Top 10 MarketCap.

The main reason why I love coins that are in the top 10 is very simple because almost all of that coins has a good development and has a real working product and one more thing they had a lot of fans who really support and loyal with that coin.

Twentyonepaylots

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Stablecoins have been receiving some notice way recently most likely because of Elon shilling Dogecoin on his twitter account. And personally I think that the framework of the new currency system which will happen once cryptocurrency takes in charge of the world, will be set in stablecoins whilst the volatile ones will continue to be used for asset and investment.

GeorgeJohn

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Quote from: thesmallgod on December 09, 2020, 01:25:48 PM

I am just curious to know where you get such believe that the government will mint stablecoin which we all know that stablecoin are being developed by individuals just like other crypto asset. And even if this is possible, how do you earn by holding stablecoin that has values that is pegged to USD. Maybe you think you will lend the government your coin and earn return in profit when you already stated that that can mint the stablecoin. In as much as i like stablecoin because it provide means through which we can minimize our lost when crypto market goes down. It also has it own cons since they are centralized asset which mean they can be subject to regulation easily which might even result on loss of asset in case it is being ban by the government

The problem is that you won't blame op much because blaming op will discourage he/her to research again, because I noticed that this is one of the factors that makes beginner's to run out of the community, what them really needs from my perspective is direction, encouragement and correction so that they will follow the fool.steps of the forum and senior colleagues.

Topic: Im big fan of stable coins and this is what I think - page 2. (Read 1131 times)