💲💲 Stable Coins?? 💲💲 - page 3.

dkbit98

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Quote

Binance Launches Dollar Backed Stablecoin BUSD in cooperation with PAXOS,
and it is even approved by NYDFS New York Department of Financial Services.

It will be 1:1 backed by US dollar $

source:
https://www.coindesk.com/binance-launches-dollar-backed-stablecoin-with-nydfs-blessing

Bitcoin Seller

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Quote from: alt-fire on August 24, 2019, 05:27:55 PM

Ofcourse the most useful is Tether USDT and I use it often. But I heared that also good is PAX. Many new coins also arrives. Some interesting is USDQ. You can check - it have a good future.

Learning more and more about Libra, the new stable FB coin, I think, it will be supposed to be the best one in 2020. This stable coin will be provided with several national currencies and other financial assets. This will create a digital currency with a stable price, or at least with very low volatility. Everyone can make money transfers and pay for goods and services in Libra tokens, without fear that their money will simply be taken and depreciated.

danggoron

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The most often I use is USDT. The exchange pair is almost always on most exchanges, even local ones. The price is stable, I use it when there is a drastic change in market prices, to secure assets.

Quote from: Moeda on September 02, 2019, 03:35:04 PM

Stable coins are good for these coins. But if we hold the coin it will not produce anything. We don't lose, and we also don't get profit. Suppose we have $ 100, and we hold for the next two years. The $ 100 will not change to $ 200 and will not decrease. Unlike holding Bitcoin or other altcoins. If we hold 1 BTC, and we hold it for the next 2 years, chances are that if the BTC price rises, we will get a profit, but if the BTC price drops, we will lose. So the point is I don't like stable coins.

Stable coins are less appropriate to be used as investments because prices tend to be stable. One of the goals of making stable coins is to overcome the high volatility of cryptocurrency.

Moeda

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Quote from: dkbit98 on July 18, 2019, 02:37:34 PM

~snip

Stable coins are good for these coins. But if we hold the coin it will not produce anything. We don't lose, and we also don't get profit. Suppose we have $ 100, and we hold for the next two years. The $ 100 will not change to $ 200 and will not decrease. Unlike holding Bitcoin or other altcoins. If we hold 1 BTC, and we hold it for the next 2 years, chances are that if the BTC price rises, we will get a profit, but if the BTC price drops, we will lose. So the point is I don't like stable coins.

dkbit98

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You can see the list of most stable coins on CoinGecko website.
With volume, Circulating Supply and Mkt Cap
https://www.coingecko.com/en?category_id=36&view=market

dev activity
https://www.coingecko.com/en?category_id=36&view=developer

social activity
https://www.coingecko.com/en?category_id=36&view=social

fapar

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Quote from: digitalblock on August 24, 2019, 01:33:40 PM

Most likely I will choose tether as this coin pleases me very much recently. All other altcoins lower its price but tether continues to rise up. Probably at this moment is the clear leader among altcoins. But if you want to invest then don't forget that yato will soon be giants stablecoin - libra and master card

Why do you mention altcoins when it comes to stablecoins? From the name "Stablecoin" it follows that this coin is stable, the situation on the cryptomarket does not affect it (there are no its pumps/dumps), because in most cases its value is tied to Fiat currencies.
Your Libra will never become a real cryptocurrency, it's just a payment system tied to a social network.

alt-fire

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Ofcourse the most useful is Tether USDT and I use it often. But I heared that also good is PAX. Many new coins also arrives. Some interesting is USDQ. You can check - it have a good future.

AlfNobel

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in my opinion, usdt is the best stable coin.

dkbit98

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Quote from: masterrex

You forgot to add "Gold back stablecoins, as we all know gold is also low volatility and stable asset class and if we compare the price trend year after year gold prices is uptrend and breaking record highs to its good to hold and use too. Gold stable coins (Gold) an ERC20 token GOLD is backed by physical gold and it's price is pegged to the market price of gold. im using fiat backed stablecoins too and so far its good.

I know about GOLD token and it is one of the idea I do like,
and I think we talked about it in this topic.
Only thing about it is that if you hold it on your EHT wallet,
every day you will get 1 transaction out as a service fee,
so you should be prepared for it if you are going to use it.

digitalblock

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Most likely I will choose tether as this coin pleases me very much recently. All other altcoins lower its price but tether continues to rise up. Probably at this moment is the clear leader among altcoins. But if you want to invest then don't forget that yato will soon be giants stablecoin - libra and master card

funcryptoco

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If you looking for profit from cryptomarket stable coins are useless, why i need stable coins, i only need to invest in project return a profit.
Stable coins may use in some cases.

nxnqauff

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Quote from: batang_bitcoin on July 19, 2019, 02:35:57 AM

Not a fan of stable coins and never used any of them from the very start of my journey in cryptocurrencies. I've known the usage of it but never done it until now, I guess if time and situation permits I'll try to use it and what it feels like to own a stable coin. The price isn't moving and you are like actually holding a dollar on your hand. If technically I became an expert in trading few years from now, I guess that I'll use it on my daily trades to save my profit.

I agree on this statement. I am not a big fan of stable coin. I still don't understand the meaning of stable coin when FIAT is readily available in most of the popular exchanges.

Pecunia non olet

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I like QDAO because the only one offers to earn some coins in a bounty campaign. We should support projects that allow us to earn some money!
QDAO for the win!

omone1

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I "accidentally" use tether not because I like to, but to save some dumping, I try not to stay too long on it. I don't know the essence of the numerous stablecoin and they keep coming to the market.

Samboo

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www.thegeomadao.com

To be honest, I have not used any stable coins so far. And I do not have much information about why people are using stable coins. If I am to pick a stable coin, I would go for Tether. I love this coin as it is placed in the top ten list on the coinmarketcap.

Lantind

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Until now I still like stable coins tether (USDT), because tether many listed on the exchange and get first place on the coinmarketcap site, so that makes me to like it, for other stable coins also have a good side, but personally I still like tether.

masterrex

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Quote from: dkbit98 on July 18, 2019, 02:37:34 PM

What Stable coins you like and use?

Please write your experiences, advantages and reasons you use or don't use them.

You forgot to add "Gold back stablecoins, as we all know gold is also low volatility and stable asset class and if we compare the price trend year after year gold prices is uptrend and breaking record highs to its good to hold and use too. Gold stable coins (Gold) an ERC20 token GOLD is backed by physical gold and it's price is pegged to the market price of gold. im using fiat backed stablecoins too and so far its good.

Nobita7999

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The ideal of a stable currency is when the downtrend market is at that time, it was really helpful when holding the currency stable

dkbit98

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source: coinlib.io

Please look at this money flow in Bitcoin.
As you can see most of the money flowing into Bitcoin is from Tether.

After hearing latest news regarding Tether and law officials in US,
as Judge Joel Cohen denies the drop of New York AG investigation.
We should better prepare to see big changes in this image,
and probable replacement of Tether with other stable coin.

What are Tether and Bitfinex doing?
They want to create their own Chinese Yuan stable coin, something like Tether Yuan.

xiboothrezi

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Quote from: ?? on ??

for now there is no significant increase in the market price, but all markets are aimed at USDT because all trade centers use it for the main payment, and I also use USDT to start trading in coins. And these coins are very stable and for investors no need to worry about investing in the crypto world, cyberspace but can make a lot of money, and those who still have tokens immediately on sale, because the price standard is successful. and everyone uses USDT to be traded.

Stablecoin remains the best choice for securing assets when the market is chaotic. I often use usdt. Effective enough to move funds from one exchange to another exchange that supports these tokens. Usdt is widely used as a pair on many exchanges.

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