Topic: In order for crypto industry to grow, we need real and trusted stablecoin - page 2. (Read 302 times)
March 25, 2018, 09:20:32 AM
That's right, Having a powerful CryptoAsset will help the whole market to boom again
March 25, 2018, 02:05:31 AM
I don’t seem to comprehend if we do like stablecoin in investing, why do we go in crypto. Stock market is open for any investment opportunity for everyone who want a more stable and not volatile unlike others. Why? Because we don’t want it or maybe half of the new or old investors came here for big profits and an unstable or unsteady bitcoin price is perfect for it.
It’s not the volatility that will loss investors money, it is the players to blame. Good strategy makes big profit.
It’s not the volatility that will loss investors money, it is the players to blame. Good strategy makes big profit.
March 25, 2018, 01:45:35 AM
The volatility nature of crypto is really causing setback to it.... As people are scared of loosing money when the price deep.
March 08, 2018, 06:38:18 PM
~snip~
If those businesses or merchants do really want stability then they wont bother themselves on seeking out stable coin on what you are mentioning on here but they would rather stick out to traditional local fiat currencies since theres no point on putting up money into other coin which would make things complicated when it comes to withdrawing it out.This is the common issue been talking for how many years. This is why bitcoin adoption is slowed down because of volatility matters. March 08, 2018, 05:11:16 PM
As of now, the only "mainstream" stablecoin is Tether and people only use it to "temporarily hide" from crypto volatility until the storm calm a little bit (aka end of bearish market). So let's not talk about it..
Let's talk about the potential of cryptocurrencies and why we need another (and more transparent) stablecoin. I do think that 2018 is the year of stablecoin but I don't know which stablecoin will be adopted by real businesses in real life. But here's the thing. I do believe that stablecoins are the only way for blockchain and crypto industry to be widely adopted by real businesses and governments.
Let's be honest. conservative businesses do not like volatility. if they get $1,000,000 today, they want that money to stay $1,000,000 the next month. They want to have that peace of mind. A lot of companies don't want to adopt cryptocurrencies because they know the value can change a lot and it takes a lot of time to withdraw their cryptos back to fiat if they earn hundreds of millions of dollars (which they are going to need to do anyway because they can't operate without fiat - at least, for now). But imagine if they have stablecoins...they would feel calmer even if it takes awhile to withdraw their millions of dollars in crypto because they know the price would stay the same
Blockchain technology is awesome but a lot of companies see crypto volatility as a huge risk. even if a specific company accepts bitcoin (look at Valve in the past), most of the users/community in that company itself still wouldn't use it anyway. why? again, a lot of people don't want to take that risk. Average people outside crypto industry do not want to take that risk. They want conservative approach to their business. They want their spending to stay the same every month. They don't want "X value" to change from $10,000 to $5,000 in a matter of 1-2 months. They see the risk before they see the potential.
Once again, idk which stablecoin will finally come out on the top, but I do have a strong feeling that we need stablecoin in order for crypto to get widely adopted by big businesses and governments. If one or two stablecoins can be widely adopted by big businesses, there will be more interest in crypto industry in general. and indirectly, the likes of bitcoin and other volatile cryptocurrencies will have more investors as well.
We have a lot of crypto companies creating stablecoins. TUSD from Bittrex, Havven, MakerDAO, DigixDao, etc. etc. but I just dont understand why they never try to target big companies in real life to use their stablecoin. It seems like their main target is to simply replace Tether. They are not trying to promote their stablecoins to the world outside crypto industry itself. Their target is for crypto day traders to stop using Tether and use their stablecoin instead.
Let's talk about the potential of cryptocurrencies and why we need another (and more transparent) stablecoin. I do think that 2018 is the year of stablecoin but I don't know which stablecoin will be adopted by real businesses in real life. But here's the thing. I do believe that stablecoins are the only way for blockchain and crypto industry to be widely adopted by real businesses and governments.
Let's be honest. conservative businesses do not like volatility. if they get $1,000,000 today, they want that money to stay $1,000,000 the next month. They want to have that peace of mind. A lot of companies don't want to adopt cryptocurrencies because they know the value can change a lot and it takes a lot of time to withdraw their cryptos back to fiat if they earn hundreds of millions of dollars (which they are going to need to do anyway because they can't operate without fiat - at least, for now). But imagine if they have stablecoins...they would feel calmer even if it takes awhile to withdraw their millions of dollars in crypto because they know the price would stay the same
Blockchain technology is awesome but a lot of companies see crypto volatility as a huge risk. even if a specific company accepts bitcoin (look at Valve in the past), most of the users/community in that company itself still wouldn't use it anyway. why? again, a lot of people don't want to take that risk. Average people outside crypto industry do not want to take that risk. They want conservative approach to their business. They want their spending to stay the same every month. They don't want "X value" to change from $10,000 to $5,000 in a matter of 1-2 months. They see the risk before they see the potential.
Once again, idk which stablecoin will finally come out on the top, but I do have a strong feeling that we need stablecoin in order for crypto to get widely adopted by big businesses and governments. If one or two stablecoins can be widely adopted by big businesses, there will be more interest in crypto industry in general. and indirectly, the likes of bitcoin and other volatile cryptocurrencies will have more investors as well.
We have a lot of crypto companies creating stablecoins. TUSD from Bittrex, Havven, MakerDAO, DigixDao, etc. etc. but I just dont understand why they never try to target big companies in real life to use their stablecoin. It seems like their main target is to simply replace Tether. They are not trying to promote their stablecoins to the world outside crypto industry itself. Their target is for crypto day traders to stop using Tether and use their stablecoin instead.
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