The rise and fall of stablecoins - page 3.

talkbitcoin

legendary

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All I know is that I know nothing.

Quote from: batang_bitcoin on December 15, 2018, 09:18:06 AM

Quote from: lobanoval on December 14, 2018, 04:31:53 PM

I'm pretty bullish on stablecoins in general Cheesy

Bullish on stable coins?

It's price remains $1 or if it fluctuates its around $0.99. Are you serious or trolling?

i have seen many others who made similar remarks about stablecoins. and i still don't get what they mean by it!
at first i though it is some sort of investment in their business like fundraising to publish the stable coin but i found out that is not the case and i still can't think of any other reason why people would say that.
i even saw someone who said he was "investing in them to make profit"!!!!

lihongjing

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The ups and downs of stable currencies are often related to changes in the market. The rapid depreciation or appreciation of the cryptocurrency market will change the price of stable currencies, especially when the cryptocurrency market suddenly falls, the effect of stabilizing the currency is the biggest, but it will only be short-lived. The market will recover quickly.

Argoo

sr. member

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Quote from: powerman24 on December 20, 2018, 06:42:16 PM

Do not trust too much in centralized stable coins as we could never know 100% if they are fully backed with Fiat. I like decentralized stable coins like DAI which has an interesting incentivizing mechanism without being backed by Fiat. By the way, Coinbase listed DAI two days ago.

I like stable coins. This is not exactly a cryptocurrency, since they cannot bring us profit. However, they create ease of use of cryptocurrency. Stable coins actually in some cases become a buffer between cryptocurrency and fiat, and in others - a good settling tank when it is urgent to withdraw funds from one cryptocurrency, but it is not yet time to invest these funds in other coins, and withdrawing funds to fiat is not practical.

powerman24

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Do not trust too much in centralized stable coins as we could never know 100% if they are fully backed with Fiat. I like decentralized stable coins like DAI which has an interesting incentivizing mechanism without being backed by Fiat. By the way, Coinbase listed DAI two days ago.

rjefferson

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I find it funny when people look at tether as the ultimate stablecoin when it's really just a bank lol.

I think as times go on there will be a bunch of stablecoins flooding the marketing, but the ones with true practicality will live on. Pretty bullish on ampleforth

ccryptopark

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Quote from: malcovi2 on December 18, 2018, 07:29:20 PM

Quote from: Muhammad Muneeb on December 18, 2018, 01:13:52 PM

Quote from: Crypto_lion on December 18, 2018, 12:34:12 PM

There was a big analysis in how tether managed to manipulate the market on the bull run of Bitcoin. Maybe they did but it seems they are fully backed by physical assests. Stable coins are really important for growth of crypto

stable coins are important for crypto as much as water is crusial for the life on earth. without stable coins it is impossible to hedge the risk of price decrease in the crypto market

lol, we dont need that shit, you have other alternatives like usdt/truebtc/tether.

Not the biggest fan of fiat coins like tether since they're basically anti-crypto. Heard about ampleforth a year ago (when they were fragments) and they provide a unique solution to providing stability. Even backed by pantera and their team is from google and uber

malcovi2

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Quote from: Muhammad Muneeb on December 18, 2018, 01:13:52 PM

Quote from: Crypto_lion on December 18, 2018, 12:34:12 PM

There was a big analysis in how tether managed to manipulate the market on the bull run of Bitcoin. Maybe they did but it seems they are fully backed by physical assests. Stable coins are really important for growth of crypto

stable coins are important for crypto as much as water is crusial for the life on earth. without stable coins it is impossible to hedge the risk of price decrease in the crypto market

lol, we dont need that shit, you have other alternatives like usdt/truebtc/tether.

emezh10

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Quote from: hell_slayer on December 18, 2018, 12:31:29 PM

It's hard for me to understand why there are so many stablecoins in the market. Especially now, when the scam threat of usdt has passed. On the other hand, healthy competition always benefits the market, the main thing is that they do not turn out to be scammers, because this could collapse the market.

One should always remember that Market is very Volatile, it is unpredictable, yes, price value goes up and down as we experienced on the recent market crypto status as posted. But market correction always follows after the drops..

missyqt29

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Quote from: lobanoval on December 14, 2018, 04:31:53 PM

In this bear market, stablecoins have been on fire. With the recent news of basis going down, what does everyone think of stablecoins? Curious as to what you guys think about Ampleforth (aka Fragments aka Basis's competitor) and their model too.

I'm pretty bullish on stablecoins in general Cheesy

I think stable coins are USDT, trueUSD etc, where its market value is not much affected by the market decline. And, I cannot see some rise and fall of these stable coin at the moment. Still remaining to 1 dollar at its value.

Handalger

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Well, in the market I seriously don't understand that when a lot is stablecoins , I have enough 2-3 alternative coins and I think will continue Supersaturated the market for these coins )

Ccexicocartel

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Quote from: Metall303 on December 18, 2018, 01:53:15 PM

Quote from: ivanleon on December 18, 2018, 01:06:53 PM

The emergence of stable coins tied to Fiat inflationary currencies is caused by the bearish market, as then the problems of traditional cryptocurrencies with the market rate became obvious. Investors and traders will have much more opportunities to preserve their investments. I think these coins will be the first candidates for use as money.

it is quite possible that they will be used only as for everyday use. It is unlikely that it can be as a whole currency. It won't have bitcoins functions. Maybe Stablecoins is a temporary solution until Bitcoin will stabilize.

But will bitcoin ever stabilize since it has a limited supply?

I just posted about ampleforth as a good solution to the stablecoin dilemma. I like their model and how they approach it. We all need stablecoins for trading and remittance. There's no denying that

Metall303

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Oikos.cash | Decentralized Finance on Tron

Quote from: ivanleon on December 18, 2018, 01:06:53 PM

The emergence of stable coins tied to Fiat inflationary currencies is caused by the bearish market, as then the problems of traditional cryptocurrencies with the market rate became obvious. Investors and traders will have much more opportunities to preserve their investments. I think these coins will be the first candidates for use as money.

it is quite possible that they will be used only as for everyday use. It is unlikely that it can be as a whole currency. It won't have bitcoins functions. Maybe Stablecoins is a temporary solution until Bitcoin will stabilize.

Muhammad Muneeb

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📱 CARTESI 📱 INFRASTRUCTURE FOR DAP

Quote from: Crypto_lion on December 18, 2018, 12:34:12 PM

There was a big analysis in how tether managed to manipulate the market on the bull run of Bitcoin. Maybe they did but it seems they are fully backed by physical assests. Stable coins are really important for growth of crypto

stable coins are important for crypto as much as water is crusial for the life on earth. without stable coins it is impossible to hedge the risk of price decrease in the crypto market

ivanleon

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Activity: 280

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The emergence of stable coins tied to Fiat inflationary currencies is caused by the bearish market, as then the problems of traditional cryptocurrencies with the market rate became obvious. Investors and traders will have much more opportunities to preserve their investments. I think these coins will be the first candidates for use as money.

Crypto_lion

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NEW MEDICINE:Faster, Safer, Smarter

There was a big analysis in how tether managed to manipulate the market on the bull run of Bitcoin. Maybe they did but it seems they are fully backed by physical assests. Stable coins are really important for growth of crypto

hell_slayer

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It's hard for me to understand why there are so many stablecoins in the market. Especially now, when the scam threat of usdt has passed. On the other hand, healthy competition always benefits the market, the main thing is that they do not turn out to be scammers, because this could collapse the market.

sockpuppet1911

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I wonder how many of these new stablecoins that have been popping up lately are actual scams.

cryptomaster420

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Even if you believe the tether FUD, there's plenty of proven stablecoins on the market with wide exchange support.
They've been the best thing about this bear market - the ability to store your wealth in crypto.
Besides, nothing beats sending stablecoins as remittance - instead of western union.

chakhigh

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FRX: Ferocious Alpha

Yes, stablecoins are here for a reason. When there is a huge volatility issue in crypto price, I see it is very useful for us as investors to secure our position, especially when backing the crypto-assets value precious metals like Gold. This will help to make it more stable.. In Gigzi project, this is very doable with a treasury/vault where precious metals are saved and equivalent to the Gigzi "tokenized precious metals".. So I see a long term stability with the Gigzi project..

jjbanks994

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I think we need to shift how we think about stablecoins. Unlike traditional crypto where we are investing in hopes of gains, stablecoins like ampelforth are for everyday use. Not an investment, but for use.

For ampleforth, they are a solid project and I see a huge need for them especially if we have another recession

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