indeed, stable coins should have the advantage of making fiat alternatives where stable coins should be adopted on many payment platforms, but in reality adoption still does not look good for existing stable coins because basically they only make crypto is an asset for investment and take advantage of the crypto investment itself until finally crypto is still difficult to be used as a fiat alternative
Stablecoin does have such a function, another alternative to replace fiat, because in some exchanges there is certainly not much of your country's currency there. the problem of usage is still not focused, because there are still those who consider it as an investment even though I think that stablecoin is used for alternative payments other than fiat 
Topic: The use of stable coins or no? - page 5. (Read 2007 times)
indeed, stable coins should have the advantage of making fiat alternatives where stable coins should be adopted on many payment platforms, but in reality adoption still does not look good for existing stable coins because basically they only make crypto is an asset for investment and take advantage of the crypto investment itself until finally crypto is still difficult to be used as a fiat alternative
It's quite acceptable, but if everyone sells bitcoin to stablecoin, it mean that the price of bitcoin will continue to stay in the top position? the price fluctuates because of the activity of people buying and selling bitcoin to fiat. I understand, your intention is to avoid networks that accumulate on the blockchain.
But because of that, the more accumulate bitcoin on the blockchain (unconfirmed) usually the price will go up or down, someone's fear to miss a moment of buying and selling in taking an opportunity. That won't happen if everyone does it on bitcoin to stablecoin, it won't have a price impact on Bitcoin.
Stablecoin can be accepted as an alternative fiat, but in fact people will still choose fiat when that moment occurs. so i choose no.
But because of that, the more accumulate bitcoin on the blockchain (unconfirmed) usually the price will go up or down, someone's fear to miss a moment of buying and selling in taking an opportunity. That won't happen if everyone does it on bitcoin to stablecoin, it won't have a price impact on Bitcoin.
Stablecoin can be accepted as an alternative fiat, but in fact people will still choose fiat when that moment occurs. so i choose no.
Coins are hard to moderate. It is safe to say that it is very difficult for us to use stable money as a fiat alternative.
Yes, in my opinion it can be a good alternative. Stable coins are widely used by traders and investors to maintain the value of their assets when the crypto price is being hit by bear season. And they will use it to buy at the right time. Besides that, stable coins also have their own advantages because they have used blockchain technology as their base.
From what I understand, stable coins are usually used for trading and are not an investment. Investments should be volatile and the value of stable coins is always based on the dollar value. Maybe I'm wrong but one day the exchanger allows direct deposits from banks, stable coins like USDT will begin to fade
I do not think that Stablecoin will disappear in the market. the use of stable coins for inter-market transactions and withholding funds for use when trading or investing in other coins. you should know in advance the use of satblecoinYes it will not disappear as a matter of fact, there's a lot of stablecoin entering the market nowadays as those dev/core team are also earning from stable coin, although people who are converting their fund have no profit on it, still stablecoins are important if not many people will get rekt and will not use crypto anymore as they can't secure their fund.
I think stable coin is as good as fiat. And If you sell your bitcoin or trade your coin into a stable coin it is the same as you trade in fiat currency. Thou that will be good for us not to be congested in some transactions. Because we have an alternative. But the value is the same. Good to have that stable coin on our industry.
From what I understand, stable coins are usually used for trading and are not an investment. Investments should be volatile and the value of stable coins is always based on the dollar value. Maybe I'm wrong but one day the exchanger allows direct deposits from banks, stable coins like USDT will begin to fade
I do not think that Stablecoin will disappear in the market. the use of stable coins for inter-market transactions and withholding funds for use when trading or investing in other coins. you should know in advance the use of satblecoin
Stablecoins especially DAI have made the Decentralized Finance (DeFi) movement possible.
Plenty of dapps like Compound, Dharma, DyDx, Synthetix are built on top of the foundation of having a stable currency within the Ethereum network.
The initial use case are indeed interesting, and I am sure we will see more in this grand experimentation if Stablecoins will continue to provide utility in a decentralized manner.
Plenty of dapps like Compound, Dharma, DyDx, Synthetix are built on top of the foundation of having a stable currency within the Ethereum network.
The initial use case are indeed interesting, and I am sure we will see more in this grand experimentation if Stablecoins will continue to provide utility in a decentralized manner.
From what I understand, stable coins are usually used for trading and are not an investment. Investments should be volatile and the value of stable coins is always based on the dollar value. Maybe I'm wrong but one day the exchanger allows direct deposits from banks, stable coins like USDT will begin to fade
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 think your opinion is a effective way for fiat holder,we hold on the stable coin like Tether(USDT) which very popular on cryptocurrency.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?
So we wont trouble if the bitcoin price bull run and network congested.
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?
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 have parked some part of my money in stable coins I mean I am holding some stable coins as well as dollars and I use them to make various transactions. Due to the current market situation investors involve spending quite a lot of time thinking and choosing stable coins to protect own savings. I am not surprised by this fact it is just the consequence of the unstable market which coz investors to be more tight concerning the necessity of saving and protecting own money. Furthermore I would say that stable coins are useful not only when market is unstable.
yes of course it can be used as a good alternative. especially when there is a bear market like now. it would be good if we save our profits from trading or crypto investments in stable coins such as usdt (tether). if we keep money in stable coins we will not suffer losses when the crypto market has declined. and we can also directly buy crypto again with tether. and now also many people use tether for online payments. With the advantages of tetheres, it's no wonder that tether is in fifth position at CMC.
if used to hold funds, stablecoin can be used as a reference and may be profitable as well but in the long run. the use of sablecoin I think like that, when used for short-term investments may not provide much benefit 
yes of course it can be used as a good alternative. especially when there is a bear market like now. it would be good if we save our profits from trading or crypto investments in stable coins such as usdt (tether). if we keep money in stable coins we will not suffer losses when the crypto market has declined. and we can also directly buy crypto again with tether. and now also many people use tether for online payments. With the advantages of tetheres, it's no wonder that tether is in fifth position at CMC.
There are many out there that do not like stable coins but they are very useful regardless if you are a trader or an investor, for an investor stable coins are of great help since they can protect you when the market is going down and you do not want to face the the bear market.
And if you are a trader stable coins can help you when the volatility of the market is too high and you prefer to wait until it passes and we can see an example of this today, with the market going down it is better to get stable coins until you think the price has a chance to recover.
The very essence of stablecoin is for the sole purpose of saving wealth from the massive volatility and fluctuation and there's definitely nothing wrong with that. it just acts as a digitalized version of USD and that's a lot better option that directly convert to USD which involves a lot of complication however the problem is if the company have the absolute authority over their coin and as a result they could print money out of thin air while there's no addition to the reserved fund without the public knowing just like happened back in the past and that's a disaster. And if you are a trader stable coins can help you when the volatility of the market is too high and you prefer to wait until it passes and we can see an example of this today, with the market going down it is better to get stable coins until you think the price has a chance to recover.
The use of stable coins has it's own advantages. It's helpful when market is unstable and you are not sure of the market. I specifically I exchange my assets to stable coin when I see a dip or unsure about the market. Stable coin is very convenient if the market seems to be bearish
When we are in the middle of a bear market that is when stable coins really show their potential because they allow you to get out of the market of cryptocurrencies for a very low fee and it protects your capital from the volatility of the market.But we must also understand that there is a huge risk if you decide to hold stable coins for a very long time, you are relying on a centralized institution to not lie about the amount of coins that they have in storage and if at some point it is discovered they lied the price of the coin could not be stable anymore.
And if you are a trader stable coins can help you when the volatility of the market is too high and you prefer to wait until it passes and we can see an example of this today, with the market going down it is better to get stable coins until you think the price has a chance to recover.
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?
Honestly, i never have tried using stable coins like USDT because stable coins are not profitable like bitcoin and other altcoin. Stable coins are only good for making online transactions and storing your funds when we are at the middle of the bear market, that is why you don't have to worry too much when the market is down. I think it will be much better if we just used fiat than stable coins because they are almost the same. 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 do not see any use in stable coins, besides keeping the money on exchanges while searching for a market entry point. Besides, the most stable coins are regulated and are backed only by a certain percentage and not in full amount.
Besides that function, stable coins are also suitable for online payment instruments. At present we see a lot of shops that provide payment through crypto currencies that don't have a stable value, of course it has an impact if the network is slow. Prices change quickly but transaction speeds cannot match that.
The use of stable coins has it's own advantages. It's helpful when market is unstable and you are not sure of the market. I specifically I exchange my assets to stable coin when I see a dip or unsure about the market. Stable coin is very convenient if the market seems to be bearish
When we are in the middle of a bear market that is when stable coins really show their potential because they allow you to get out of the market of cryptocurrencies for a very low fee and it protects your capital from the volatility of the market.But we must also understand that there is a huge risk if you decide to hold stable coins for a very long time, you are relying on a centralized institution to not lie about the amount of coins that they have in storage and if at some point it is discovered they lied the price of the coin could not be stable anymore.
The use of stable coins has it's own advantages. It's helpful when market is unstable and you are not sure of the market. I specifically I exchange my assets to stable coin when I see a dip or unsure about the market. Stable coin is very convenient if the market seems to be bearish
When we are in the middle of a bear market that is when stable coins really show their potential because they allow you to get out of the market of cryptocurrencies for a very low fee and it protects your capital from the volatility of the market.But we must also understand that there is a huge risk if you decide to hold stable coins for a very long time, you are relying on a centralized institution to not lie about the amount of coins that they have in storage and if at some point it is discovered they lied the price of the coin could not be stable anymore.
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