Topic: The Rise of Stablecoins: Are They the Crypto Market's Future? (Read 262 times)
These StableCoins are becoming more and more popular each day. These, I think, will change the perception of people about cryptocurrency. However, when the bull period comes, it will be very difficult for these coins to assert, but not impossible. I think these StableCoin are a gold mine at this time of the bear and many will take advantage of it.
December 22, 2018, 06:03:55 AM
This bear market resulted in rise of new stable coins like PAX, GUSD, USDC, TUSD, HUSD in competition of DAI & USDT because there were great opportunity for the stable-coin in the market as tether (USDT) was in rumor about their controversial audit whether they have collateral USD for each USDT or not in the bank. Actually more option is good for traders & stablecoins have proven to be biggest tool against bear market situation.
December 22, 2018, 05:33:29 AM
Stabilizing coins can indeed help many traders, but I think it will still face difficulties as the number of stable currencies increases.
December 22, 2018, 04:04:41 AM
Stablecoins certainly have their purpose. But I'd like a deflationary stablecoin. Something that goes up in value a set amount every year. So today it's worth $1 but in 5 years it's worth $1.75 or something like that.
December 22, 2018, 03:55:05 AM
Yes, I agree. The stable currency is the basic coin. The excellent stable currency can make the cryptocurrency grow faster, so this is a very good phenomenon. In the future, the government may also issue its own stable currency. We look forward to that moment.
December 22, 2018, 03:14:28 AM
Stabilizing coins may become popular because many traders desperately need to be able to find ways to keep the value of crypto in a bear market, and stable coins are coins that can help them.
December 22, 2018, 03:04:56 AM
There is a good future awaiting for stablecoins all because they can be providing some sort of "insurance' and real value especially against the high volatility of cryptocurrency market. These stablecoins are all backed by real value (or supposedly they should be) and this alone can mean something that many other platforms do not have. In terms of value, these coins can be what the market is looking for. We need asset-backed projects right now so as to persuade many small and big investors to go back to the table.
December 22, 2018, 03:04:18 AM
i think this current trend is mostly because of Tether!
everyone saw how a company, a shady one, can easily make digital money out of thin air and earn a lot of real money from it. and so far it seems like there is nobody stopping them and the community doesn't care about it either since people are still using them even though they are very risky.
the biggest problem however is going to be when something bad happens! in that case the whole market would be shaken hard as a lot of money would evaporate in an instant. for example imagine the case where Bitfinex goes down (Bitfinex company created Tether) not just Tether but all the rest of stable coins would take a huge hit. and that damage would spread to the rest of the market.
everyone saw how a company, a shady one, can easily make digital money out of thin air and earn a lot of real money from it. and so far it seems like there is nobody stopping them and the community doesn't care about it either since people are still using them even though they are very risky.
the biggest problem however is going to be when something bad happens! in that case the whole market would be shaken hard as a lot of money would evaporate in an instant. for example imagine the case where Bitfinex goes down (Bitfinex company created Tether) not just Tether but all the rest of stable coins would take a huge hit. and that damage would spread to the rest of the market.
December 22, 2018, 01:42:10 AM
Stable coins are getting more popularity in 2018 and even facebook is considering to have their stable coin on whatsapp. Big names are getting into Blockchain now.
December 22, 2018, 01:17:54 AM
Stable coins are now become more popular than to the strong coins which have high volume on market. There is only one reason why this stable coin become more popular and that reason is because of bearish market. Experience bearish market will not end up with good income but try to look in stable coins you will discover that there is another way to earn income.
December 21, 2018, 04:12:36 PM
Despite the fact that stable coins have become popular in the bear market, I think that in the future they can be widely used by both large companies and ordinary people, and their value will also grow.
December 21, 2018, 03:50:03 PM
Stablecoins role will definitely increase in the future especially the ecommerce and social giants will use stablecoins for payments and transfers, there are already news circulating the facebook and whatsapp is working on its own stablecoin cryptocurrency for use on their platforms and i think that will be a huge coin similarly we can expect amazon, ebay and aliexpress etc to follow the same path.
December 21, 2018, 03:02:36 PM
I see stable coins can be the same as crypto. with this coin we can make a mass adoption. but if it's too stable, coins don't seem to be good for the crypto ecosystem. it seems like the ICO time, at the beginning there are many ico who think this is a way to invest profitably. but after popular ico there is nothing profitable anymore.
What are you talking about my friend? those so-called stable coins are shitcoins, nobody can deny that fact. And about being stable, did you even see their history chart before talking about it? it is not stable at all, the price moved up or down every single day non-stop.
that explains, those coins are just dreaming to become electronic cash, nothing more than a dream. what do you expect?
December 21, 2018, 02:53:51 PM
I see stable coins can be the same as crypto. with this coin we can make a mass adoption. but if it's too stable, coins don't seem to be good for the crypto ecosystem. it seems like the ICO time, at the beginning there are many ico who think this is a way to invest profitably. but after popular ico there is nothing profitable anymore.
Stablecoins are a great option for keeping your wealth in as a hedge, IMO. Just look at Tether - while everything kept falling, it stayed afloat and even grew a little bit.
I am glad that now there are many options for stable coins, and I can not keep my money only in Tether. I have never thought that Tezer is a fraud, but I'm calmer when I have the opportunity to separate the risks (after all, this is the crypto world, and this is a high-risk class of assets).
I am seeing this trend lately, too. This is definitely a new evolution. The problem is that I just don't see how ordinary investors can gain out of it, nor do I understand what is the direct benefit of the stablecoin issuers. Any thoughts?
Yes, they will rise this market, and they then as the Foundation will hold the entire cryptocurrency market, for many it is no secret that after the waves of correction and growth, where in 2020 there will be a situation that will remain only part of the projects that are time-tested,and are already stable and reliable and all the
The growth of the volume of transactions with stable coins just indicates the poor state of the market. Cryptocurrency owners prefer to withdraw their funds from coins and tokens falling in the price and keep them in stable coins. A large amount of investments in stable coins also indicates that people do not withdraw their funds to fiat, but still hope for a growth in the cryptocurrency market and their further investment in cryptocurrency. Therefore, now everything is logical with stable coins and people are hoping for market growth.
Stable coins gained their popularity on the declining market when many investors short their coins to stop losing their value. This is why so many transactions and big trading volume. On bullish market their role will be less significant but still they will find their place because of the high volatility of cryptocurrencies.
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