💲💲 Stable Coins?? 💲💲 - page 5.

dkbit98

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Quote from: pixie85 on July 26, 2019, 04:38:13 PM

Quote from: Ucy on July 26, 2019, 03:42:17 PM

Decentralized stablecoins will fix most of the stablecoin problems you mentioned.

I honestly do not like centralized stablecoin too. My biggest fear about them is that they can be used to attack market. With their poor transparency, manipulators could print lots of stablecoin to manipulate the crypto market.

The biggest problem of decentralized coins is they lack founding. Centralized shitcoins ilke Libra will have all the money put into PR and will have their own database of clients from the moment they launch. Decentralized coins have to fight for every customer and investor.

We will need a disaster to strike centralized coins for people to wake up and choose decentralization.

Spot on.
I agree with you

pixie85

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Quote from: Ucy on July 26, 2019, 03:42:17 PM

Decentralized stablecoins will fix most of the stablecoin problems you mentioned.

I honestly do not like centralized stablecoin too. My biggest fear about them is that they can be used to attack market. With their poor transparency, manipulators could print lots of stablecoin to manipulate the crypto market.

The biggest problem of decentralized coins is they lack founding. Centralized shitcoins ilke Libra will have all the money put into PR and will have their own database of clients from the moment they launch. Decentralized coins have to fight for every customer and investor.

We will need a disaster to strike centralized coins for people to wake up and choose decentralization.

Ucy

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Quote from: NeuroticFish on July 19, 2019, 02:11:10 AM

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

What Stable coins you like and use?

I don't like and I don't use stable coins. At least not directly.
While normal cryptocurrencies are about not trusting anyone, with stable coins you have to trust the issuer, which, especially in case of Tether is problematic: no proper audits, a lot of bad news over time, quite a lot of fluctuations in the price.

Yes, stable coins have their use, from arbitrage to various services. That's why I said I didn't use stable coins directly: I may have been using services that use stable coins.
From what I see stable coins may be used by some companies for interfacing crypto payments with fiat world.

Unfortunately they can be also used for bad things, especially if they are not backed by the amount of "hard money" they should. And, sorry, but until this issue is 100% fixed, stable coins are generally more bad than good for the ecosystem.

Decentralized stablecoins will fix most of the stablecoin problems you mentioned.

I honestly do not like centralized stablecoin too. My biggest fear about them is that they can be used to attack market. With their poor transparency, manipulators could print lots of stablecoin to manipulate the crypto market.

Convery

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Quote from: Sparroww on July 26, 2019, 06:12:33 AM

usdq new stable coin in market.

USDQ is probably the worst stable coin what I have ever seen. They should be backed by their own token LHT. But LHT token is useless and nobody wants it. So 1USDQ is no 1USD no, but only few cents. Roll Eyes

Sparroww

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usdq new stable coin in market.

MonsterV

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Quote from: sieemma on July 21, 2019, 05:09:57 PM

I used to like stable coins when I was actively trading but this time around, I have stopped trading so I have my coins in Btc and other few alts that are not stable. To me, there is no need for holding in stable coins for a long time because we are in crypto hoping for the best. When you hold in a stable coin, you won't get any profit when the market is rising. I think stable coins are good for traders.

Well indeed, trading with the top coins is quite good with stable coins like USDT. I have seen several coin lists with USDT pairs in several exchanges such as binance. But for crypto trading under the top 10, these coins are usually paired with BTC.

I personally disagree if I have to choose one of the stable coins that the OP mentioned, because there are many bad issues about stable coins and in my opinion, stable coins are less attractive to me. It's just because I trade I use it on several pairs of coins.

SirLancelot

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"CoinPoker.com"

I never thought that I was going to use stable coin before until I got the reason to do so, but the first stable coin I thought of when I started using stable coin was tether and it has been useful for me till I started hearing some rumors of them over printing money and having court case with the government, so I pulled my coin out back to BTC, but recently when there was need for me to make use of stable coins, I went straight for usdc and that is what I am still using till date.

I am not totally relying on that stable coin too though because I see most stable coins as future scam that will be very disastrous in future, but when it comes to future, I think that I will shift to Facebook coin too, this is absolutely going to be more reliable than every other stable coins.

StatesManG

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Tether USD has been the most popular and most used stable coin in cryptocurrency exchanges and that's the stablecoin I use in many exchange transactions but tether after the last mistake minting 5b usdt, and other accusations I think makes it have some security issues

lhtot8

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Quote from: Ararbermas on July 25, 2019, 09:27:41 AM

Well USDT is the most stable coin i know on this market and very useful IMO. because i always use it when it comes doing trading which is in order to protect my money despite of the fluctuation ..and it's very reliable and im thankful that behind of this so volatile market there's a srable like usdt that can help us to minimize losses.

USDT has a longest history is a stable coin. There are other stable coins born later, so by now USDT is the best one if you are looking for stable coin. Despite of some drama about reliability of USDT that popped up from time to time, we have still not had better stable coin than USDT, so far.

Ararbermas

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Well USDT is the most stable coin i know on this market and very useful IMO. because i always use it when it comes doing trading which is in order to protect my money despite of the fluctuation ..and it's very reliable and im thankful that behind of this so volatile market there's a srable like usdt that can help us to minimize losses.

daniel2023

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Tether USDT is my favourite. Though, others are also cool. It depends on the coin your mentor or trainer used when educating the about cryptocurrency. Tether runs in my blood right now.

krb91

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Streamies Rocks!!!!

Quote from: zaxifu on July 25, 2019, 07:55:45 AM

I don't think a stable coin is profitable than other coins and I never invest in stable coin but I invest in IEO's. Like Moozicore is the best to invest your money for a long time investment.(https://tokensale.moozicore.com/)

The major idea behind stablecoins is to protect holders from price fluctuations. This makes it easy for users to remain within the cryptomarkets even when they are not actively invested in cryptocurrencies that are subject to wild price fluctuations(non-stablecoins) instead of going back to holding fiat which completely moves the money from the cryptospace.

zaxifu

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I don't think a stable coin is profitable than other coins and I never invest in stable coin but I invest in IEO's. Like Moozicore is the best to invest your money for a long time investment.(https://tokensale.moozicore.com/)

cudora

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Cryptoknowmics - World's First Decentralized Media

I cannot understand this hype around stable coins, in my opinion they are useless. Almost all of those coins are centralised and not stable at all. Some of them are just crashing in price and you are losing a whole bunch of money.

dkbit98

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Facebook Libra Backers Are Not Official Partners Yet, Says Visa CEO
https://www.coindesk.com/facebook-libra-backers-are-not-official-partners-yet-says-visa-ceo

Ashess

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i prefer myself for using usdt as stabecoin.

dkbit98

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I was reading a bit more news recently

Two good things should came out from that:
1. I should get some ETH for that
2. I am following very closely situation with Facebook Libra and Tether

Latest realated news:
Facebook Agrees to Pay $5 Billion and Implement Robust New Protections of User Information in Settlement of Data-Privacy Claims
https://www.justice.gov/opa/pr/facebook-agrees-pay-5-billion-and-implement-robust-new-protections-user-information

We also have NY Tether hearing on July 29, 2019,
and one more hearing for regulating cryptocurrency space on July 30 2019
https://www.banking.senate.gov/hearings/examining-regulatory-frameworks-for-digital-currencies-and-blockchain

How will this news reflect with future of Libra?
What do you think?

gwdf1

full member

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Quote from: valuater on July 19, 2019, 10:15:23 AM

for now I use usdc more often because the problem of fees that are quite affordable for tether can also be that I only use tether if I make a large amount of transactions because the transfer fee can be said to be quite expensive

I am not an active user of stable coins, although I can agree that they are needed for many people. For instance, they are needed for residents of the countries with the awful economic situation. People simply can exchange their national currencies in these tokens.

Stable cryptocurrency is an extremely convenient, but not yet fully mastered thing. Stablecoins are able to regulate the state of not only their own course but also the situation on the market as a whole.

Periodik

sr. member

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My experience with stable coins is with Tether alone. Way back then, there was only USDT that was very popular. The rest in your list are rather new. I have not used any other stable coin aside from USDT. Well, I do not use it that much even. There are only some instances when I prefer to have my holdings in a very stable condition as preferred to have them in Bitcoin or altcoins. Most often, I do this during very hard market seasons.

llecrf

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stable coins are the choice because their existence will be worth the paper currency, but the price will still follow the increase and decrease of the dollar price if the stable coin is intended to pair with the dollar.
Libra coins are coins that will be a great competitor in the future for other stable coins because up to now Libra coins have not provided definitive information, which is certain that Libra coins will interfere with conventional currencies.

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