Topic: Stable Coins Necessary? - page 7. (Read 2979 times)
it is the only means of staying up in this horrible financial market. how would you feel when you invest a 1000 usd in a crypto, then goes to bed. only to wake up and to see your investment plummet down to 100usd. quite horrible. nobody wanted such market. stability is needed and that was why the stablecoins were introduced.
I think stable coins are very much important in this market. This market is highly volatile and and not too much stable. That's why we need some coins which price doesn't tractate to much and I think this is the main reasons. And stable coins are more secure
and most of the times they are pegged with fiat or physical asset.
and most of the times they are pegged with fiat or physical asset.
I personally never have been a big fan of stable coins. I admit that they have their place and point in the system but I also think that a lot of claims they make are not real. Personally, I think that the "backed by 1 to 1 USD" claim isn't 100% true. One should use stable coins only during flash crashes and other times when a coin like this is the best way to transfer funds.
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?
We already have many stable coins and it is necessary to have a stable digital asset. Stable coins are now very important considering we are in bear market. Investors convert their eth or btc to TUSD or USDT to avoid further loses.
While the activity of a regular user who buys even a relatively small amount of coins is carefully studied, tokens issuers can enjoy much greater freedom in manipulations
In the absence of trade restrictions, bots and fake orders, this can affect both the entire niche and large exchanges.
Stable Coins are good to invest on and to hodl. I heard a new project called WPP is to become a stable coin. If it does, I will invest on it as well.
We already have many stable coins and it is necessary to have a stable digital asset. Stable coins are now very important considering we are in bear market. Investors convert their eth or btc to TUSD or USDT to avoid further loses.
Having stable cryptocurrencies is really a good idea because the crypto market is very volatile and converting your funds into stable cryptocurrencies can absorb some of the shocks of dump in cryptocurrencies. But one should also note that in case you convert your funds to stable coins you will miss out on increase in funds when there is a pump in the crypto market.
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?
If all can truly remain stable then I will be glad to have them all. Cryptocurency volatility has made the market too distasteful for investors. So we need a more stable market
Stable coins are scams,you are going to lose money by trusting that they are stable cojns because literally they are not stable coins they were just backed by nothing.
I don't quite understand what's the point of all these USDT clones... That looks useless and funny for me 
And also I don't understand why all these stable coins appeared only now, and there was only one such coin - USDT - for a quite long period of time.
And also I don't understand why all these stable coins appeared only now, and there was only one such coin - USDT - for a quite long period of time.
Yes, I believe that such coins are pretty helpful. If I want to sell my coins and want them to stay in this industry, I am buying stable coins to keep them ready to buy more altcoins in the future, when I want to do it.
stable coins are necessary most of the financial institutions use to keep their assets encrypted in the blockchain this year we may see more stable coins
Can you Cleary state beyond doubts which coins you refer to as stable coins. To me, I do not consider y coin stable in terms of the meaning of that word stable because all have fluctuations in value once in a while.
Unfortunately, in a cryptocurrency, any project may unexpectedly end its existence. Obviously, we need several really strong stable Coin to have at least some stable base on the market.
we really need it except I think if too many coins are stable then it can make the market difficult to develop because investors feel comfortable and safe having stable coins.so I think stable coins have balanced advantages and disadvantages.
of course, stable coins are needed for exchanges from other altcoins with the aim of reducing losses if the market declines. Stable coins are available in almost all exchanges
Unfortunately, in a cryptocurrency, any project may unexpectedly end its existence. Obviously, we need several really strong stable Coin to have at least some stable base on the market.
we really need it except I think if too many coins are stable then it can make the market difficult to develop because investors feel comfortable and safe having stable coins.so I think stable coins have balanced advantages and disadvantages.
One of the greatest challenges of cryptocurrency is price volatility. This has made so many persons opinion about cryptocurrency biased. Most people confuse the crypto sphere to be a gambling or ponzi scheme and this has been a set back. With the invention of stablecoin, cryptocurrency will be almost similar to fiat and this will increase the chances of massive adoption.
Unfortunately, in a cryptocurrency, any project may unexpectedly end its existence. Obviously, we need several really strong stable Coin to have at least some stable base on the market.
Stable coins are essential if any project want to go to mainstream. I think it will be good if any project with mass adoption interest create a dual-coin platform with the stable coin acting as hedge coin to edge against the instability of the second coin
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