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Topic: Is there a stable cryptocurreny? - page 2. (Read 1904 times)

legendary
Activity: 1540
Merit: 1011
FUD Philanthropist™
September 24, 2016, 04:20:00 PM
#22
Stable ?

Ask yourself how many times Poloniex has jumped in and froze Ethereum markets.

What does that tell you ?

How "stable" does a coin need to be if exchanges are the stability by design ?

Rather than letting a coin tank in price like they would in the old days in Crypto..
NOW.. Poloniex etc jumps in and "pauses" markets.

Poloniex = Centralized Crypto Federal Reserve ..pulling the strings ..for profit (Their profits)
legendary
Activity: 1288
Merit: 1087
September 24, 2016, 10:39:24 AM
#21
there ain't and probably never will be a stable crypto.

i wouldn't trust anything that claims to be pegged. not many seem to be able to stay that way for long.

I'd sit on dollars and retain control.
sr. member
Activity: 248
Merit: 251
September 24, 2016, 10:06:44 AM
#20
BitUSD from the BitShares network is supposed to be stable (pegged) to the USD.
And it doesn't use a 3rd party trust as tether do.

The only problem is the volume of transaction that is low for now.
legendary
Activity: 2590
Merit: 1022
Leading Crypto Sports Betting & Casino Platform
September 24, 2016, 09:50:43 AM
#19
If you want stability marked in USD you should just hold USD... Most stable crypto is Bitcoin.

holding usd is bad, you will only lose money because of the inflation each year, holding any fiat is always bad, they have done this so you are forced to invest and lose even more if your investment is wrong, i hate centralization
sr. member
Activity: 393
Merit: 297
September 24, 2016, 09:31:08 AM
#18
If you really find some stable coin i think dogecoin is the one you are finding and as you can see(check if you have time) the price of doge isn't moving since thes days and i think th priv would remain stable unless theirs a big whales who's gonna invest for this coin to get back a little life again, so better go for doge its because you can make sure
That your money will not be go down as faster as you expected.

I don't think so, dogecoin price keeps fluctuating every month after the huge pump in January this year. There is a possibility it will continue by the end of the year.
legendary
Activity: 1588
Merit: 1000
September 24, 2016, 09:02:49 AM
#17
Tether is a pegged token. It is always worth exactly $1.00. It's very stable. You can use it on exchanges like Poloniex and Bitfinex to trade with. I'm not sure what other vendors accept Tether. You can use Tether to transfer funds from one place to another, or back to your wallet, without having to worry about any downward market movements for BTC or other cryptocurrencies while the transfer takes place. You may need to share your KYC info with certain places to use Tether.
However, you should remember, that the US dollar is not exactly perfectly stable either. It buys less and less as the years go by. It is also created out of thin air by the banks via issuing loans. The bubble's going to burst some day. All the US dollar is backed by is the integrity of the US government.

Tether is not a "peg". Tether is an asset-backed token...
Each Tether is backed by 1 USD sitting in a Hong Kong bank.

And based on the way Hong Kong regulatory authorities hung Bitfinex Customers out to fucking dry...
Tether likely carries very substantial counterparty risk.

"Pegs", on the other hand, are very expensive to maintain...
Because they require maintaining a delta neutral position and adjusting it hourly/daily...
(Even with their advantages, both the British and Swiss central banks have gone broke in recent years maintaining pegs).

http://www.investopedia.com/terms/d/deltaneutral.asp

There are no wacky short cuts to delta neutral (like the SBD "dollar peg" fiasco that's always off by 20%)...
Someone has to pay the FULL cost of negating volatility.
  
legendary
Activity: 2758
Merit: 1228
September 24, 2016, 08:02:32 AM
#16
If you really find some stable coin i think dogecoin is the one you are finding and as you can see(check if you have time) the price of doge isn't moving since thes days and i think th priv would remain stable unless theirs a big whales who's gonna invest for this coin to get back a little life again, so better go for doge its because you can make sure
That your money will not be go down as faster as you expected.
hero member
Activity: 2170
Merit: 530
September 24, 2016, 05:52:07 AM
#15
Please I want to know, and what do you think about Thether?
What is all about Thether? or are we gonna still answer what the OP said? there are plenty stable cryptocurrency in this forum you can search for the ethereum , dogde and other in alt coin discussion thread as you can see there also a lots of ico that will never live long and will die that fast
legendary
Activity: 3416
Merit: 1225
September 24, 2016, 05:37:37 AM
#14
Go for the most stable of course bitcoin and coins that already has merchants and community built in it,also there are some start up coins with innovative features,you're lucky if you can stumble one .
hero member
Activity: 658
Merit: 500
September 24, 2016, 01:39:35 AM
#13
Ah, this fancy Ethereum. Roll Eyes He meant Tether (USDT), which is priced @ $1.

Yes, Tether (USDT) is stable and has been for sometime, also Nubits use to until recently found out.
legendary
Activity: 1806
Merit: 1828
September 24, 2016, 01:15:59 AM
#12
Please I want to know, and what do you think about Thether?

there are no stable cryptocurrency even for thether because all of cryptocurrency is depend from buy order and sell order. if there is no buy and sell order, then the rate will be stable but it will be get dissapear because there is no support demand and supply, just waiting for the time to get dissapear.

You always have the option to convert your Tether via bank transfer for a fee of $20.00 or 10%, whichever is greater. The only risk you are taking is that the people who run Tether decide to take the money and run. Also, if you have your Tether on an exchange, the exchange can take the money and run. Or get "hacked" like Bitfinex and make you take a haircut.
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
September 24, 2016, 01:07:26 AM
#11
Please I want to know, and what do you think about Thether?

there are no stable cryptocurrency even for thether because all of cryptocurrency is depend from buy order and sell order. if there is no buy and sell order, then the rate will be stable but it will be get dissapear because there is no support demand and supply, just waiting for the time to get dissapear.
legendary
Activity: 1806
Merit: 1828
September 24, 2016, 12:55:42 AM
#10
Tether is a pegged token. It is always worth exactly $1.00. It's very stable. You can use it on exchanges like Poloniex and Bitfinex to trade with. I'm not sure what other vendors accept Tether. You can use Tether to transfer funds from one place to another, or back to your wallet, without having to worry about any downward market movements for BTC or other cryptocurrencies while the transfer takes place. You may need to share your KYC info with certain places to use Tether.
However, you should remember, that the US dollar is not exactly perfectly stable either. It buys less and less as the years go by. It is also created out of thin air by the banks via issuing loans. The bubble's going to burst some day. All the US dollar is backed by is the integrity of the US government.
legendary
Activity: 1470
Merit: 1010
Join The Blockchain Revolution In Logistics
September 24, 2016, 12:36:13 AM
#9
Please I want to know, and what do you think about Thether?

major theoretical question here:

stable to what measure?

-usd$ (looks like your pick)
-other fiat ... JPY, CNY
-gold, silver
-cattle futures
-oil
-bitcoin
-litecoin
-monero
-S&P500

Wink
full member
Activity: 218
Merit: 100
September 24, 2016, 12:07:47 AM
#8

From my understanding most crypto-currencies in their current form are similar to commodities. Their pricing is subject to fluctuation owing to demand and supply. Due to the same, it is safe to believe that value pegged currencies in crypto will be hard to come across. There have been attempts to do so, but most have failed so far. What you can do is peg your crypto to a dollar value so it stays as is. Certain exchanges currently let you do the same. If stability is what you seek, then in the current form - certain banking solutions such as fiat are your best bet. However you'll still have to keep an eye out for inflation, government policies and changing sentiments of the market. In other words - a completely stable currency is virtually unattainable. Crypto is not a good place for you to seek currency stability either.

I do not know enough about tether to be commenting on the same rather unfortunately.

legendary
Activity: 1960
Merit: 1176
@FAILCommunity
September 23, 2016, 11:20:55 PM
#7
Ah, this fancy Ethereum. Roll Eyes He meant Tether (USDT), which is priced @ $1.
hero member
Activity: 1232
Merit: 669
September 23, 2016, 10:55:13 PM
#6
Not, all are unstable in higher or lower level, but you could use more stable than are btc, monero, ethereum And if you have any trouble You can choose to have only dollars.

But if you want to invest in cryptocurrency you need understand that there is always a risk of losing something of value
legendary
Activity: 910
Merit: 1000
September 23, 2016, 10:33:31 PM
#5
Please I want to know, and what do you think about Thether?
Maybe what do you mean are eter coins like ETH,ETC and DAO, in my opinion for today ETH is stable coins but the price is too high for making investment into ETH. And in my opinion if you want make investment in eter coins, you can try ETC because the price is going down and maybe it will going up again.
member
Activity: 62
Merit: 10
September 23, 2016, 10:30:39 PM
#4
If you want stability marked in USD you should just hold USD... Most stable crypto is Bitcoin.
sr. member
Activity: 266
Merit: 251
September 23, 2016, 10:29:15 PM
#3
Nah, there is no stable cryptocurrency because of the fact that they are under(for lack of a better term) supply and demand. The less supply and more demand means a higher price and vice versa. Although, if bitcoin(and other alts) were stable, more people would probably adopt the cryptocurrencies.
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