The stablecoins centralized are reliable ? Is there a risk ?

avikz

legendary

Activity: 3080

Merit: 1500

Quote from: juvebititalia on December 12, 2019, 04:00:16 AM

the stablecoins centralized are reliable ? Is there a risk that they will be stopped or closed by the usa or european government?

if i have stablecoins centralized is better to convert everything in decentralized stablecoins ?

Centralized cryptocoins (stablecoins included) comes with the similar risks that comes with any other centralized currency/banking systems! few of them are,

1. Your money can be locked/freezed
2. Regulators can get your ip details and what not
3. Your transactions can be reversed by the controlling authority if needed
4. You can't have 100% control over your own asset

Stablecoins doesn't come up with additional risks for originating from a centralized company! It's just similar to fiat money in your local banks! Simple!

If you are planning to do some big amount transactions which you don't want to justify to the tax authorities or enforcement agencies, it is better for you to convert to decentralized cryptocoins. Otherwise, it really makes no difference!

DaMut

sr. member

Activity: 1274

Merit: 263

everything that is centralized is not reliable because they have control over your money, they can freeze and stop your account if they find out you are doing something out of their rules and term of services. of course, it is better to use a decentralized system other than centralized, but before that, are you sure that is a real decentralized not the so-called de-centralized?

sangjoewara

full member

Activity: 1050

Merit: 100

Quote from: juvebititalia on December 12, 2019, 04:00:16 AM

the stablecoins centralized are reliable ? Is there a risk that they will be stopped or closed by the usa or european government?

if i have stablecoins centralized is better to convert everything in decentralized stablecoins ?

I like Stablecoin, but I do not understand the question you are asking, can you explain about a centralized Stablecoin how, at the same time, for example, so I can understand the risks posed by that Stablecoin.

btcdie

sr. member

Activity: 784

Merit: 251

The formation of Stablecoin is driven by a valuable or fiat object of the same price. But this digital version uses blockcahin as a signature of a transaction. So for the problem of stable prices, there is no risk because it does not have high volatility. but behind it all behind digital numbers, it must have a reference like 1 USDT = there must be 1 USD in real fiat. It should be noted that the US Dollar is still controlled by the Federal Reserve Bank, and requires permission from the US banking system for significant commercial use. So at any time the government has the right to execute. If you don't want to deal with the government, maybe we can use it like gold stable.

rdluffy

legendary

Activity: 2450

Merit: 1472

If you use in the righ way, there's just a little risk

Stable coin is to use when you are not trading, or you're sleeping and are afraid to lose money with a dump, of if you take a vacation and put your money in stable coin to hold your position in USD for example

Don't use stable coins to a long time, better to change the approach if you're using this way

mrdeposit

hero member

Activity: 1358

Merit: 509

If you make the right choice, no need to be afraid. But to avoid such problems, try decentralized stablecoins. Such coins do not have such problems. Have you ever heard about $DAI? ERC20 token created by MKR, each backed up to $1. Nevertheless, do your own research, make your decision.

piebeyb

legendary

Activity: 2464

Merit: 1039

Bitcoin Trader

if stablecoin is stored in my wallet, I don't think it will be safe in my opinion, because I better hold cash or bitcoin, if I hold stablecoin it is better to keep it on the exchange so that I can make transactions to buy any crypto when it is cheap, this method is easier than hold it in your wallet, what you fear might happen and you should prevent it from happening don't put it in your wallet, to be honest I am a person who is not interested in holding stablecoin because I do not want to lose money if suddenly it is closed or problematic

Casdinyard

hero member

Activity: 2184

Merit: 891

Leading Crypto Sports Betting and Casino Platform

Quote from: juvebititalia on December 12, 2019, 04:00:16 AM

the stablecoins centralized are reliable ? Is there a risk that they will be stopped or closed by the usa or european government?

How come they could? Even USDT claimed that they're backed by USD, government has nothing to do with it.

Quote

if i have stablecoins centralized is better to convert everything in decentralized stablecoins ?

You mean like USDT? Stable coins is somehow good and life saver especially when you're taking profit or some of your altcoins could possibly dump. However, better to dig up a research hence our advices here our subjective.

Winscosinally

member

Activity: 490

Merit: 16

Quote from: juvebititalia on December 12, 2019, 04:00:16 AM

the stablecoins centralized are reliable ? Is there a risk that they will be stopped or closed by the usa or european government?

if i have stablecoins centralized is better to convert everything in decentralized stablecoins ?

why centralized stable coin? as far as I understand the word centralized it meas government can track you using them, we have decentralized stable coins in crypto space already and my favourite is DAI

alyssa85

legendary

Activity: 1652

Merit: 1088

CryptoTalk.Org - Get Paid for every Post!

Quote from: BlackFor3st on December 12, 2019, 05:36:33 AM

Quote from: juvebititalia on December 12, 2019, 04:00:16 AM

the stablecoins centralized are reliable ? Is there a risk that they will be stopped or closed by the usa or european government?

if i have stablecoins centralized is better to convert everything in decentralized stablecoins ?

It will always depend to your choice but most of the investors didn't think the same way, if you are investing there is always a risk but in stablecoins the risk is not that high so others are choosing it if they just want to deposit their money without thinking about the interest.

All stable coins are not reliable, that is my motto as everything can be stop anytime if someone or the government will unite to stop it therefore even if they are stablecoins there is always a risk. But most of the investors are preferring with high risk investment as the return is pretty high also.

I disagree, the risk is higher.

Stablecoins are all pretending that they are linked to fiat and have fiat reserves. As soon as you make a claom about fiat, that gives governments the right to close the coin down. Because only govts control fiat. If you are pretending that your coin is just like fiat, but it's issued by you, you are commiting a fraud.

Beparanf

hero member

Activity: 2996

Merit: 802

It may not be much risky in price drops but the security of your information as well it is being held over an organisation or being backed by some entity will need us to be more updated on it as they may create adjustments in rules or how it operates since there is someone who have controls over it

BlackFor3st

hero member

Activity: 1932

Merit: 506

Betking.io - Best Bitcoin Casino

Quote from: juvebititalia on December 12, 2019, 04:00:16 AM

the stablecoins centralized are reliable ? Is there a risk that they will be stopped or closed by the usa or european government?

if i have stablecoins centralized is better to convert everything in decentralized stablecoins ?

It will always depend to your choice but most of the investors didn't think the same way, if you are investing there is always a risk but in stablecoins the risk is not that high so others are choosing it if they just want to deposit their money without thinking about the interest.

All stable coins are not reliable, that is my motto as everything can be stop anytime if someone or the government will unite to stop it therefore even if they are stablecoins there is always a risk. But most of the investors are preferring with high risk investment as the return is pretty high also.

juvebititalia

newbie

Activity: 37

Merit: 0

the stablecoins centralized are reliable ? Is there a risk that they will be stopped or closed by the usa or european government?

if i have stablecoins centralized is better to convert everything in decentralized stablecoins ?

Topic: The stablecoins centralized are reliable ? Is there a risk ? (Read 136 times)