The use of stable coins or no? - page 10.

Sithara007

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If you buy top rated stable coin like Tether and TrueUSD, You will no longer to worry. Two times you can buy stable coin when bear market start and when Bitcoin in bullrun. Now I also support Binance USD coin to use as stable coin.

Who told you that if you purchase USDT or TUSD, you don't have anything to worry? As far as I know, there is no stablecoins out there, which can be trusted. The recent Bitfinex scandal proved that USDT is no longer backed up with real assets (at least not 100% backed up). None of the stablecoins that are currently circulating in the market has completed an independent third party audit of their assets.

Now the Binance USD coin is going to be even more risky. Because it is associated with an exchange. If there is a major hack (Binance was a target of several minor hacks in the past) and the exchange incurs a loss, then this coin can lose its value very rapidly. I am not going to trust any cryptocurrency other than Bitcoin, be it stablecoins such as USDT or altcoins such as ETH.

cichaescut

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SYNCHROBIT

If I am using a stable coins, I always chose DAI, because they are the safest in my opinion. Furthermore, I do not see any use case in other stable coins, because they are usually centralised and manipulated like Tether.

Metall303

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Quote from: Rikotin on October 05, 2019, 06:46:15 AM

yes I have stable coins like USDT but I use these investments to exchange instead of the main investment like other cryptowurrency. because I know that stable coins will not get much profit but can minimize losses because the price will not go down and up, I mean moving at a fixed price.

USDT is also now very good for paying for any services. when paying in USDT you are not tied to the exchange rate that changes very quickly for some coins

Rikotin

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yes I have stable coins like USDT but I use these investments to exchange instead of the main investment like other cryptowurrency. because I know that stable coins will not get much profit but can minimize losses because the price will not go down and up, I mean moving at a fixed price.

hdtqisg

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Stable coins will hold your value when you have not chosen an investment decision in short times. But it will not be suitable for hold in the long time. Because it only has the ability to keep the value or lose value.

lobat999

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Quote from: yazher on October 04, 2019, 06:11:28 PM

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If you buy top rated stable coin like Tether and TrueUSD, You will no longer to worry. Two times you can buy stable coin when bear market start and when Bitcoin in bullrun. Now I also support Binance USD coin to use as stable coin.

I also agree with this, the more stable coins we have, the better. especially when the source of such stable coins is from a trusted source like Binance. This is good we need more stable coins because these coins also need some massive volume when a bull run comes.
When the other stable coins are sold out at that time, we can choose another one. so, basically the more stable coins we have in the market the more we can minimize the risk of holding unsellable coins because of the congestion.

Of course! its good for crypto markets if we have alternate stable coins other than Tether because it will naturally increase market liquidity provided that those stablecoins are really backed by fiat currency or any other fixed assets to legitimize it true value.

spadormie

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You're right. It is actually a safe haven for us in cryptocurrency for us to be saved by some bear market to save our funds from getting harmed. If you're in doubt change your coin to a stable coin, for it to stay on thatkind of amount in USD. It's like a secured amount for your funds.

sammy21

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Quote from: meanwords on October 04, 2019, 09:08:41 PM

I see what your saying. Yes stable coin is one of the best alternative coin out there to change your Bitcoin to fiat. Because of the creation of stable coins, we wouldn't have to worry about exchanging Bitcoin anymore, we wouldn't have to think about our funds losing its value. If you plan to use stable coin, do it because it's a great alternative.

this stable coin may help trade and investment because it provides better security for a value that will not be reduced too much. but the steady movement of the coins persists even though there is no other crypto extension. or maybe stable coins also disrupt the growth of altcoin. because trading will be more focused on stable pairs of coins not with other crypto. Does anyone have a view like me?

dimonstration

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Dimon69

Having stable coin is for those who are scared to risk in the market movement, if we were not to believe that our capital and earnings is not yet in good state, then switching to stable coins can be a solution for peace of mind. If we prefer to wait and once we decide it to trade to alts we wanted. It will only take us away in the idea of seeing our coins too dip or too high. Meaning no profit at some point.

meanwords

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I see what your saying. Yes stable coin is one of the best alternative coin out there to change your Bitcoin to fiat. Because of the creation of stable coins, we wouldn't have to worry about exchanging Bitcoin anymore, we wouldn't have to think about our funds losing its value. If you plan to use stable coin, do it because it's a great alternative.

yazher

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If you buy top rated stable coin like Tether and TrueUSD, You will no longer to worry. Two times you can buy stable coin when bear market start and when Bitcoin in bullrun. Now I also support Binance USD coin to use as stable coin.

I also agree with this, the more stable coins we have, the better. especially when the source of such stable coins is from a trusted source like Binance. This is good we need more stable coins because these coins also need some massive volume when a bull run comes.
When the other stable coins are sold out at that time, we can choose another one. so, basically the more stable coins we have in the market the more we can minimize the risk of holding unsellable coins because of the congestion.

SlimShadyMmp

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Is actually the cheapest way to sell Crypto Issue is there basically or mostly just one stable coin USD no other like Pounds or others so you just have to stick with that but apart from that it makes your work easier and more sublime

lousie9

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Quote from: Vinalians on October 04, 2019, 02:48:27 PM

There are so many things that we can do if the coins will be stable. The market will be on the way. I mean so many things we can do like legalizing it because it is the top problem of all who wanted to make changes in cryptocurrency the volatility. If a specific coin would surpass that volatility and make itself a stable for sure there will be so many people and company would use it. It is still cryptocurrency after all.
Stable coins is good in the economy but not if you've wanted to make profit out of that coin.

Yes, more or less like that because stable coins on the stock exchange or trade have a big impact on the number of investors who are mining. Everyone wants Altcoin to be stable in price, but only a few are categorized as capable, but the current market has not experienced a drastic increase.

retnoanjani

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I always use stable coins as a trading tool. I think that using stable coins is a good way to lock your profits. The most important thing is to choose the right stable coin.

It is true. This is one of the important tools for trading. Sometimes we are faced with difficult choices, if hold is afraid of prices going down, if it is out but there are still other opportunities, so here is the role of stable coins, maintaining value, so as to maximize opportunities and reduce trading costs as well.

sandra_x

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Stable coins offer a safe haven particularly in bear markets- hep preserve the value of your cryptoassets without needing to convert to fiats.They also serve as a bridge for easier entry into the crypto market.Minting on tether back them always brought some sort of bullish momentum.

drumamat

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Quote from: ansi on October 04, 2019, 07:56:01 AM

Actually, one of the best things that happened to crypto are the stable coins indeed. Its the fastest way to lock your gains in this domain, you can't actually gain in crypto (if you're a trader) based on selling your crypto to fiat directly, it simple won't work, because it take time, during that time lots of shit can happen.

Stable coins are great for those who knows when to get out & get in again during discount prices.

I agree with You completely.Other options for using stable coins I do not know.Well, except for the payment of goods or services,where there is a fixed price.The first option is the most acceptable.

Lhaine

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Quote from: AndRE177 on October 04, 2019, 03:56:43 PM

Quote from: yazher on October 04, 2019, 07:41:10 AM

On the other day, I think of the use of stable coins. I mean, when can we use Stable coins as an alternative fiat. You see when a bull run comes and everyone will start to sell their Bitcoins and some other coins into fiat the network will be congested.

So I think if we buy Stable coins with some stable volume, we will no longer need to worry about unable to sell our bitcoin into fiat.
Rather we only need to do this thing right? is this some acceptable alternative or no?

I use Stable coins to trade in pairs to Bitcoin and Ethereum. It is in these trading pairs that the use of stable coins is most profitable and gives a good result. They are very convenient to go during the fall in the price of BTC or ETH. And then go back with minimal losses.

That stable coins can really big help to us traders. i also do the same things when buy and selling BTC once i feel there is declineof the price iwill convert that imidiately to USDT .

dataispower

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I've actually been using stable coins to avoid price fluctuations affecting me when I'm on profit, or when I think the market will be on downtrend since I'm good with TA. I also trade USDT to FIAT on luno for short term gains, although luno charges are horrible. So yes, I do use stable coins as FIAT alternative although just on exchanges, I don't store stable coins long term since it's pointless to me.

kodtycoon

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just like what you said because basically those who hold crypto are only for a profit which when the bull is run there are many holders who sell crypto until eventually the coins will never be stable. the use of crypto as an alternative fiat i think can be done because basically crypto has an advantage in this field because with crypto we can transact between countries quickly without the constraints of other parties

AndRE177

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Quote from: yazher on October 04, 2019, 07:41:10 AM

On the other day, I think of the use of stable coins. I mean, when can we use Stable coins as an alternative fiat. You see when a bull run comes and everyone will start to sell their Bitcoins and some other coins into fiat the network will be congested.

So I think if we buy Stable coins with some stable volume, we will no longer need to worry about unable to sell our bitcoin into fiat.
Rather we only need to do this thing right? is this some acceptable alternative or no?

I use Stable coins to trade in pairs to Bitcoin and Ethereum. It is in these trading pairs that the use of stable coins is most profitable and gives a good result. They are very convenient to go during the fall in the price of BTC or ETH. And then go back with minimal losses.

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