I think stable coins are not a good thing, if all the coins are stable then where can we benefit?
don't we have a chance to buy lots of coins when prices go down and we can get a lot of profit by selling them when prices rise
Topic: Stable coins (Read 625 times)
I think that people will use only few of them. For example, I know onlu 3 of them TUSD, USDT, GUSD. And I won't buy another stable coin because these coins are famous and checked by many organistions.
I do agree on your "checked by many organistions." point, but I do believe the doors are still open for the best stable coin backing method. I love how Gigzi, for a sample, will use precious metals, like Gold for backing the crypto-assets price, so it is less volatile. This project is very promising and stable coins are not all created equal. Gold is known by its stable price. And using it to back the crypto-assets price is more powerful..
Just noticed we have 100+ stable coins in the market presently. Do you feel it will have a negative impact or positive one?
Note. Of the top 100 stable, about 50 first coins can be called. The remaining coins then fall into the list, then fall out of it.
100+ so many coins, which you think, that stable. In my opinion there are 20 top coins, which have some perspective for future.
I think that people will use only few of them. For example, I know onlu 3 of them TUSD, USDT, GUSD. And I won't buy another stable coin because these coins are famous and checked by many organistions.
What coins are we talking about? The cryptocurrency market is not a priori to be stable. The volatility is high and we see it every day. Even coins that are declared as stable have greater volatility.
Just noticed we have 100+ stable coins in the market presently. Do you feel it will have a negative impact or positive one?
There is no negative impact of the coins on the market, it is better that we are not having any kind of stable coins since the coins that we have right now cannot even maintain their stable status. I do not believe that this is the time of the stable coins, people are trying to make money and they are not going to do os with coins that do not move
What do you mean by stable coins? The whole market is unstable after all given the volatility of cryptocurrency. How can you say that 100 coins are stable at the time when almost all the coins are unstable? Prices of all coins are going up and down from time to time. If the regulations are strictly in place, the market will experience stability to some extend, it is expected.
Just noticed we have 100+ stable coins in the market presently. Do you feel it will have a negative impact or positive one?
To have a 100+ active coins in the market has a possitive infact to us, because we can continue making profits from it, but dont considered the coins that has a value of $0.01 because this will soon to be dead.
Just noticed we have 100+ stable coins in the market presently. Do you feel it will have a negative impact or positive one?
There are no stable coins in cryptocurrency, unless they have a strong product that have been used by many peoples in real world.
When bitcoin down, almost all coins are going down too. Even for now, you can see in coinmarketcap that only some coins which have a green trend price, the others are red and going down the trend.
I think a large number does not have a positive or negative effect. But when the stable coin is not able to maintain its stability that can make a bad effect for others
The stability should be gained from its dollar. It's backed by dollar and any thing that happen in the crypto will not give any impact to the price of these coins. You should remember about when you are seeing that tether gets plunged and as a coin that backed by a dollar for each tether and that doesn't make sense.
Stable coins are good for market. In the past we heard too many fuds about tether but these days with these new stable coins tether's marketcap is getting lower and other stable coins marketcap getting higher. For example
true usd and usdc etc. I love to see more stable coins in crypto space and it will effect positively i think. At least finally tether is not the only choice for holding fiat in crypto.
true usd and usdc etc. I love to see more stable coins in crypto space and it will effect positively i think. At least finally tether is not the only choice for holding fiat in crypto.
Just noticed we have 100+ stable coins in the market presently. Do you feel it will have a negative impact or positive one?
I think most of the price of stable coins is tied together, unless the project side has negative news, causing the price of the token to plummet.That's correct as there are set of stable coins and the value of those coins rises and fall together as their value is indirectly proportional to eachother. But we should not be confusing these coin with some new entries to the market who stays on top for first one week with huge pump and then drops down to almost zero.
I think a large number does not have a positive or negative effect. But when the stable coin is not able to maintain its stability that can make a bad effect for others
I do not think that so many stable coins are needed. Tether is the most used stable coin, but i do not like if the stable coin is centralized and we have to believe that it is backed with same amount of $. I like decentralized stable coins like DAI with a motivating mechanism built in via smart contract.
There's no need for more stable coins, except Tether there's also TrueUSD, Gemini Dollar and USDC. All of those four should be enough for everyone to choose if they prefer to convert their coins and save it during the bear market. I'd personally go with USDC or Gemini Dollar if I'm going to convert into stable coin but needless to say, its just my opinion.
I do not think that so many stable coins are needed. Tether is the most used stable coin, but i do not like if the stable coin is centralized and we have to believe that it is backed with same amount of $. I like decentralized stable coins like DAI with a motivating mechanism built in via smart contract.
Just noticed we have 100+ stable coins in the market presently. Do you feel it will have a negative impact or positive one?
I think most of the price of stable coins is tied together, unless the project side has negative news, causing the price of the token to plummet.That's correct as there are set of stable coins and the value of those coins rises and fall together as their value is indirectly proportional to eachother. But we should not be confusing these coin with some new entries to the market who stays on top for first one week with huge pump and then drops down to almost zero.
Just noticed we have 100+ stable coins in the market presently. Do you feel it will have a negative impact or positive one?
Good in case of volume decentralization but for newbie really not helpful which one is best one and which one to choose. But right now we need to start thinking about diversification our stable coin portfolio or just choose one and risk? 
Just noticed we have 100+ stable coins in the market presently. Do you feel it will have a negative impact or positive one?
In my opinion it doesn't have a bad impact, because you will keep going in a place right? you won't sell it?
so if I don't sell it now, it doesn't matter
Currently, in the market, only Tether (USDT) is considered stable coin only. The crypto that you consider stable has a very high rate of oscillation. The stable coins are the most positive impact on the market, bypassing investors to lose too much when the market falls in exchange rates.
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