Topic: Stable Coins Necessary? - page 4. (Read 3003 times)
I adhere to the thought that it is better to have several stable coins than more than two thousand unstable ones. Coins should not be so much.
What euro stablecoins would you recommend? Do you know any other beside EURS?
Currently seems every project or crypto company wanna create a stable coin now, except USDT, currently we have GUSD, TUSD, PAX.
But do you think it's really necessary to have so many stable coins?
in my own observataions there are lots of trading pairs with stable coins, well for me at some.point it protect the investors from possible losses but if we hold this coins, we could not expect that we can gain a profit from.holdinh it.
Not all the stable coins will survive. The market will decide which one will have usage. Competition is a good thing and having
many stable coins backed with $ or different assets are useful for the market. They are a step forward towards mass adoption
from merchants.
many stable coins backed with $ or different assets are useful for the market. They are a step forward towards mass adoption
from merchants.
Bitcoin is in great demand because the price increase is quite large, and it means fluctuating from the price of bitcoin provides many benefits for traders, they do not need if bitcoin is stable then their profits also tend not to be large
It is clear that no one needs a completely stable market, but a few stable coins in the market will always be in demand and will be used that's the point.
The answer is simple: we want to use our crypto? we want the more and more people use it?
Then we need, at least some crypto, that will not have huge dump and, yes, huge pump..
I believe that stablecoin is created too much, it would be enough to have several different coins so that there was a choice and there was no monopoly, and also that it was comfortable to use cryptocurrencies and trade them. The problem is that there are too many people who want to create their own stablecoin, but over time there will be some of the most popular coins that will dominate the market.
Bitcoin is in great demand because the price increase is quite large, and it means fluctuating from the price of bitcoin provides many benefits for traders, they do not need if bitcoin is stable then their profits also tend not to be large
It is clear that no one needs a completely stable market, but a few stable coins in the market will always be in demand and will be used
Bitcoin is in great demand because the price increase is quite large, and it means fluctuating from the price of bitcoin provides many benefits for traders, they do not need if bitcoin is stable then their profits also tend not to be large
Stable projects is a very bad situation for all decentralization. But we, with you, already understand that in general, decentralization does not even smell here. Because it all depends on the BTC and its volatility.
not all coins depend on BTC because there is a coin capable of up without support BTC so I think everything depends on the trader and how the project attracts the attention of trader
I think there is no really need in so big amount of stable coins but sometimes you might need one of those. So let them be just in case.
Stable projects is a very bad situation for all decentralization. But we, with you, already understand that in general, decentralization does not even smell here. Because it all depends on the BTC and its volatility.
I do not know if they are really necessary. But where is the trusth about Tether - when it is not really backed by real USD, could it be that a catastrophic scenario for Bitcoin?
Although this discussion is a little old, at that time I was annoyed at people's choice for these stables coins instead of traditional coins or even tokens. I came to think that it was the end of the cryptocurrencies and indeed it was, but the change was positive. There are a lot of speculators, they see it here as a neo forex or something, so this hedge is important to this group. Without the speculators, we would take more time to mature in this market that is still immature.
I also do not understand behind the issuance of so many stable coins. Why we need so many stable coins. Regarding this issue, I have asked one of my friends. He said stable question is for many purpose like saving traders' money when the market suffers a meltdown. But he also failed to say why so many stable coins.
I think that the existence of stable coins has its advantages, as it has already been said that today there are so many advantages, and these advantages are the fixation of deposits that are on the market today. It is these advantages that we should bear in mind today.
Yeah it is like so if the coin will be stable you will know when and how much you will have to spend for earning I think there are some coin in market which has stable price but the investors are not getting much out of them because they invest limited and get limited so I think stable coins are not profit making we should choose the coin that can rise to huge extent without any limit.
Stable coins are not needed, its just another middleman that we don't want. Exchanges should all be using real USD and not same pseudo dollar token that may not even be backed by enough dollars. I have never touched one of these USD coins and never will.
Currently seems every project or crypto company wanna create a stable coin now, except USDT, currently we have GUSD, TUSD, PAX.
But do you think it's really necessary to have so many stable coins?
Like the project that will be done for now if it is like what was said before, if it is on the road, it really will be terrible the price of coins for the future without the support of coins, there will be no results with the USDT with the GUSD, TUSD, PAX
I do not think that we need so much stable coins. In the last few months there were like 5 new stable coins, but I my opinion it is not necessary to have 20 stable coins on this market. Like 3-5 would be more than enough.
Of course, you do not need such a number, technically they do not bring anything new to the crypto currency, and therefore there is no benefit, let there be 3-5 pieces and all the attention of investors will focus on them, let them gain popularity and develop
I do not think that we need so much stable coins. In the last few months there were like 5 new stable coins, but I my opinion it is not necessary to have 20 stable coins on this market. Like 3-5 would be more than enough.
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