Topic: Stable coin (Read 749 times)
In my opinion, stablecoin can be pegged to a currency, or to exchange traded commodities such as precious metals or industrial metals.
Stablecoins are cryptocurrencies designed to minimize the volatility of the price of the stablecoin, relative to some "stable" asset or basket of assets.
I don't understand why there's so much fuss about their coin. It's not the fact that it will be released but so many people say is just ridiculous.
Stable coins are categorically digital fiat. Its a helps in management of funds in times of high cryptocurrency volatility. When you are not sure of your coins movements as regards to dips or rise, its advisable to convert to stable coins to retain value or worrh
We're not sure about it and in me I don't know where will the facebook coin will be used or what it's used. You are looking for a stable coin? USDT is the most stable coin on the market it's a stable coin that is alternative to bitcoin it was used to facilitate the transfer of national currency.
You can also refer to fiat in regards with the stability compare them all to cryptocurrency such as Bitcoin and Ethereum which is really volatile.
The Facebook coin is still a rumor and I am still waiting for Facebook to directly clarify the air on their intention to launch this coin in future officially, but if the rumor is true, their coin will also be more like a stable coin, which I believe will be a centralized one, which will make people not to really accept it because of their belief that Facebook has zero confidentiality when it comes to client’s data. You can also refer to fiat in regards with the stability compare them all to cryptocurrency such as Bitcoin and Ethereum which is really volatile.
Tether to me is still the best stable coin I have seen around for now, but they still have their own issue too, I learnt that they illegally do print coin that they don’t have the value in the bank, which is making them to resist being audited.
Ethereum is a good option if you want to make profit here.
I agree completely, we have to find an undervalued coin and ETH should be in the top of the line. ETH at below $500 is pretty cheap, so we should not hesitate buying it at that price as it has achieved a great price already and as ETH is bound to succeed, price will eventually rise and break its ATH.
Stable coins are great to wait until the market wills stabilise. If the market is falling and you want to cash out your money, but want to stay on your exchange, you are exchanging your money into stable coins without any need to withdrawal cash.
We already know that stability in the crypto coins is not much founded so far but you can see the less potent coins are stable and you can have great time with it if you are an investor with less assets or capital. Don’t be so hurry in investing in Bitcoin and other good precious coins, invest in less potent ones and slowly upgrade with its experience. Ethereum is a good option if you want to make profit here.
Stable coins are great to wait until the market wills stabilise. If the market is falling and you want to cash out your money, but want to stay on your exchange, you are exchanging your money into stable coins without any need to withdrawal cash.
Use of stable coin is like dollars, you have exact value although it moves but it's just lessening into few cents which is still good to save the value of your portfolio into fiat which you can convert easily again if you want to take back into bitcoin, etc.
The importance or stability of coins depends on the needs of a user. stable coins that are specifically created or addressed as anti-volatility crypto or avoid volatility. If someone is a trader who likes high volatility, chances are they will not choose stable coin as their trading tool. I have never bought it until now.
Pls I'd like to be enlightened on the importance of stable coin in the crypto space... I hear Facebook coin will be a stable currency... what are the use of stable coins??
Most stable coins are usually pegged to a static value like dollar. 1 stable coin will equal to 1 usd, so they don’t usually fluctuate that much and can be useful to retain the value of one’s fund. I also think Facebook coin will be a stable coin which will be more useful for those that are running their business through Facebook. I don’t think it will be of any use that much to investors since it will have like zero volatility. Moreover, the coin will be more used internally, the way ripple is being used more by bankers since it is a banking product, while Facebook will be used more by its user and not for general people.
in my opinion the most stable coin to date is only USDT USDT rarely once dump and pump and when you buy a stable coin maybe you will long get very little profit and loss
Stablecoin should be at a value with the same point, different reality on the stablecoin dude IMO is not a necessity invest it to get profit in the long term. Well Important or not depending on your needs right, all crypto high risk including stablecoin my advice is better to take in the crypto space that is unstablecoin for long term 
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We're not sure about it and in me I don't know where will the facebook coin will be used or what it's used. You are looking for a stable coin? USDT is the most stable coin on the market it's a stable coin that is alternative to bitcoin it was used to facilitate the transfer of national currency.
You can also refer to fiat in regards with the stability compare them all to cryptocurrency such as Bitcoin and Ethereum which is really volatile.
You can also refer to fiat in regards with the stability compare them all to cryptocurrency such as Bitcoin and Ethereum which is really volatile.
Stablecoin is a coin where they do not pump a lot or throw coins and increase the price of coins is not too much, many examples of coins that are already on the market with stable coins
I do not like stable coins it is not usually giving to me a nice good profit because their prices is minimal to increase in the crypto market usually it is using for trading most of the time that stable coins, maybe stable coins was also good for long term.
You know why people love stability because they want not to see the price going in the down direction. In stable sources there is hardly any decrease in the price and with the passage of time as long term the investor gets its profit. On the other hand, crypto coins are not stable and that is why utmost profitability occurs here but it is necessary to learn and understand each and everything to do so.
Stable coins are an important part of the world of cryptocurrency, it is important to be stable as a means of transferring pure currency to crypto, crypto money is very unstable, investors will choose stable coins as the first exchange tool before trading in other coins. and the prices of their assets remain stable in the form of stable coins.
There are no stable coins in the world of cryptocurrency. As for me, the most stable coin is bitcoin. Because he often fixes his price.
Stable coins make it possible to fix profits at the beginning of the market correction. What then gives you to buy at the lowest price. So same win fiat money better through stable coin.
Stablecoins will surely play an important role in the future. We need them in order to do some serious business in the payment sector.
They may or may not play an important role in the future. But their reliability will always be under question. Even if a particular stablecoin manages to get 100% backup with fiat cash, there is no guarantee that these assets will not be either seized or stolen in the future. And that is the problem when you deal with fiat cash instead of decentralized crypto.
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