I love that Sherman's article.
Here's a newest by the GLOBCOIN blog: 5 key facts about Stablecoins
https://medium.com/@globcoin_io/5-key-facts-about-stablecoins-571819f3b3fa
Topic: What do you think about stablecoins and price volatility? (Read 314 times)
Hey guys, saw this read today about stablecoins and I'm curious what you think about them. Personally not a fan of tether for obvious reasons lol. Heard about the up and coming havven which isn't backed by fiat or gold. All very interesting projects that can lead to everyday transactions.
Tether has an alternative now. Its called TrueUSD. You can know all about it,have a look: https://cryptovest.com/news/true-usd-whats-good-to-know-about-the-new-fixed-price-token-project/I personally am not a big fan of tether or any other stable cryptocurrencies. Love those which are legit and volatile. Tether is shady shit. Not many of these stable coins exist right now,so I bother to care less.
There aren't stable 'coins'. And I'm talking in general, including the fiat money. USD is stable? To what? Losing % or %% in month to Euro and Yuan.
On the other hand, I like volatility of crypto coins. This is the way to do coins.
On the other hand, I like volatility of crypto coins. This is the way to do coins.
I also don't really love the thought of needing a stable coin just because of the way it reflects on the market as a whole. You would hope there would be a coin that was relatively stable but as of yet the market doesn't seem to be mature enough to have a coin that is relatively volatility averse. That being said, in order for this industry to grow we need an avenue for investors to not get decimated by price volatility and this is where stable coins come in. I think they are a necessary evil that will not be going anywhere until the market reaches maturity. I think we all have our suspicions regarding tether. We do have some great stable coin projects in the pipeline and I think 2018 will see an influx of some really good alternatives
stablecoin= centralization = stable price. cryptocurrencies= decentralization = price volatility.
The two concepts are contradictory. Both have advantages and disadvantages.
One of the most important features of cryptocurrencies is decentralization and whenever the currency is decentralized, the price will be highly volatile.
These currencies fail to maintain its value but volatility can lead to great profits.
stablecoins keeps it value, which leads to ease of daily use, but centralization is the main reason for giving up such currencies as it is based on assets if collapsed, its price collapse.
I do not think stablecoins have a place in the future, but coins like haven deserve to be accepted
Very well said which both things are really very contradictory which they do really have their own field and as an investor we would really able to see the opportunity which we can able to see in decentralized things yet volatility is high but when it comes to security then we would really stick into traditional local fiat currencies since we do know they are regulated and stable.Its just really a normal transitional on which things we do like to engage when we do see opportunities. The two concepts are contradictory. Both have advantages and disadvantages.
One of the most important features of cryptocurrencies is decentralization and whenever the currency is decentralized, the price will be highly volatile.
These currencies fail to maintain its value but volatility can lead to great profits.
stablecoins keeps it value, which leads to ease of daily use, but centralization is the main reason for giving up such currencies as it is based on assets if collapsed, its price collapse.
I do not think stablecoins have a place in the future, but coins like haven deserve to be accepted
I don't think people are interested in stable coins because it is centralised and we can't make profits from stable coins,it is just a backup coin to store the value of crypto when a decentralized crypto price is falling.I think the stable coins are nearly same as the fiat money so we can't consider them as crypto currencies,the main reason for the invention of crypto currency is to implement the decentralization so volatile coins is important for us.
Stable coins would probably increase the use of cryptos with retailers etc as they would be sure that by receiving a certain value in crypto it would still maintain that value.
stablecoin= centralization = stable price. cryptocurrencies= decentralization = price volatility.
The two concepts are contradictory. Both have advantages and disadvantages.
One of the most important features of cryptocurrencies is decentralization and whenever the currency is decentralized, the price will be highly volatile.
These currencies fail to maintain its value but volatility can lead to great profits.
stablecoins keeps it value, which leads to ease of daily use, but centralization is the main reason for giving up such currencies as it is based on assets if collapsed, its price collapse.
I do not think stablecoins have a place in the future, but coins like haven deserve to be accepted
The two concepts are contradictory. Both have advantages and disadvantages.
One of the most important features of cryptocurrencies is decentralization and whenever the currency is decentralized, the price will be highly volatile.
These currencies fail to maintain its value but volatility can lead to great profits.
stablecoins keeps it value, which leads to ease of daily use, but centralization is the main reason for giving up such currencies as it is based on assets if collapsed, its price collapse.
I do not think stablecoins have a place in the future, but coins like haven deserve to be accepted
I would prefer volatile over stable.
With volatility, you can easily gain profit by investing when the value is low and sell them when the price is high.
Though the idea of stablecoins is pretty good I guess. You can finally buy something with digital money as it is more acceptable and constant without a third party and more convenient.
With volatility, you can easily gain profit by investing when the value is low and sell them when the price is high.
Though the idea of stablecoins is pretty good I guess. You can finally buy something with digital money as it is more acceptable and constant without a third party and more convenient.
I think this article may be useful : "Bringing Stablecoins to the next level"
https://medium.com/@globcoin_io/bringing-stablecoins-to-the-next-level-357879430b0f
it was published by GLOBCOIN but it offers a good view on the stablecoin market these days
https://medium.com/@globcoin_io/bringing-stablecoins-to-the-next-level-357879430b0f
it was published by GLOBCOIN but it offers a good view on the stablecoin market these days
Hey guys, saw this read today about stablecoins and I'm curious what you think about them. Personally not a fan of tether for obvious reasons lol. Heard about the up and coming havven which isn't backed by fiat or gold. All very interesting projects that can lead to everyday transactions.
https://www.forbes.com/sites/shermanlee/2018/03/12/explaining-stable-coins-the-holy-grail-of-crytpocurrency/#71d1bb314fc6
https://www.forbes.com/sites/shermanlee/2018/03/12/explaining-stable-coins-the-holy-grail-of-crytpocurrency/#71d1bb314fc6
Well i think stable coins is not an object of having more profit, as you think that people who are trying to get more coins is because to have more assets but not just possessing them. Thats why stable coins are not useful, and i think there are some insufficiencies behind the Tether, thats why am not recommending it to you.
securing their own losses so it is not for the sole purpose of earning profit but they are used for some occasions and events, don't know if Tether resolved their own issues about the printing USDT without the backing of the physical USD.
Hey guys, saw this read today about stablecoins and I'm curious what you think about them. Personally not a fan of tether for obvious reasons lol. Heard about the up and coming havven which isn't backed by fiat or gold. All very interesting projects that can lead to everyday transactions.
https://www.forbes.com/sites/shermanlee/2018/03/12/explaining-stable-coins-the-holy-grail-of-crytpocurrency/#71d1bb314fc6
https://www.forbes.com/sites/shermanlee/2018/03/12/explaining-stable-coins-the-holy-grail-of-crytpocurrency/#71d1bb314fc6
Well i think stable coins is not an object of having more profit, as you think that people who are trying to get more coins is because to have more assets but not just possessing them. Thats why stable coins are not useful, and i think there are some insufficiencies behind the Tether, thats why am not recommending it to you.
If we are afraid of losing and risk is a big issue,, why the hell you were investing in cryptocurrency?? Try stock market of real state instead.. The one that attracts the crypto investors is it’s volatility,, the chance to buy at the very low and sold at a higher price,, profits is what we are here for?? And that’s should be it,, those who wanted a stablecoin are businessmen who wants to used it as a currency..
I’m a HODLER a long term investor..
I’m a HODLER a long term investor..
Very few coins were stable from its existence. These can be used as an asset for backing of traditional fiat, because there are people who fear of keep holding their hard earnings into the banking. These coins won't be helping in the profiting through trading and other means of opportunities.
USD Tether I know that stable coin but this coin is not certified legit and might run in the future because they have no proof of funds in the bank that backed their token. Just a pure hearsay from their announcement. I remember last time that USDT has an issue on SEC because they can't provide proof of funds. If I remember correctly, There are some tokens that burned on Bitfinex.
Pegged-value coins are very useful for me as they let me able to store wealth in an indeed stable, and decentralized way.
I'd never use tether due to their shady practices and they aren't much decentralized, they are just mean to be easily transferable between exchanges
I prefer coins like bitUSD or bitCNY which are backed by bitshares, usable in his decentralized exchange, and even start to be used by other exchanges like aex
I think it worth noting there is also other pegged-coins on the bitshares (bts) network, like bitGOLD and bitSILVER. A good way to invest into metals without having to store it
I'd never use tether due to their shady practices and they aren't much decentralized, they are just mean to be easily transferable between exchanges
I prefer coins like bitUSD or bitCNY which are backed by bitshares, usable in his decentralized exchange, and even start to be used by other exchanges like aex
I think it worth noting there is also other pegged-coins on the bitshares (bts) network, like bitGOLD and bitSILVER. A good way to invest into metals without having to store it
I don't understand why they didn't include bitUSD/bitCNY/bitRUBLE assets. It's stable coins and they also have it's own exchange and gateways to exchange fiat->bitUSD->fiat. It's usefull quick and easy. I usually use it when I want to cashout some money.
Very few coins were stable from its existence. These can be used as an asset for backing of traditional fiat, because there are people who fear of keep holding their hard earnings into the banking. These coins won't be helping in the profiting through trading and other means of opportunities.
I'm not familiar with the other altcoins mentioned in the list except for tether Few months back I wanted to give tether a try until I found out some issue about it now i'm just watching them. Before these coins can be used to everyday transactions they should prove that these coins are reliable than any other alts because if not this will be hard task to achieve. Most of them sounds good to use but I would stick to the old reliable fiat for now because it's where everyone is used to transact and most people from my place accepts it than crypto.
in my opinion have not understood about what in intent because I just learned all about bitcoin
Out of that whole list, I like Havven. I especially like that they're not pegged to gold or fiat. They system itself is very smart and I can see them succeeding. Already listed on some exchanges too
yes since they're new to the market lots of people don't quite understand the system they have set up. quite smart and very excited for their growth
Out of that whole list, I like Havven. I especially like that they're not pegged to gold or fiat. They system itself is very smart and I can see them succeeding. Already listed on some exchanges too
Well, volatility is definitely a barrier in Bitcoin's road to a serious mainstream currency. It's not at all surprising that merchants would prefer to accept a stable currency after all. These stablecoins aim to address these problems and at the same time provide a crypto shelter to traders in cases of bear markets. They're probably better suited for everyday use than Bitcoin, at least in principle.
There is a downside though, of course, and that is the fact that their stability is artificial, and this almost certainly goes hand-in-hand with centralization. This means they're much more vulnerable to regulations, and in the end, you might as well be using digital fiat. There's also the issue of actually backing them, which basically means that at some point, their supply will be terribly constrained with their value being unable to scale.
All in all, they are useful in certain situations, but I'd rather trust the process and ride this out with Bitcoin.
There is a downside though, of course, and that is the fact that their stability is artificial, and this almost certainly goes hand-in-hand with centralization. This means they're much more vulnerable to regulations, and in the end, you might as well be using digital fiat. There's also the issue of actually backing them, which basically means that at some point, their supply will be terribly constrained with their value being unable to scale.
All in all, they are useful in certain situations, but I'd rather trust the process and ride this out with Bitcoin.
If you're comparing them to bitcoin nowadays then the main reason is they're more safety to invest with since there are lower volatility and lower risk. However lower volatility also make stable coin like USDT less attractive to investors, rather than stable i should say its more like the price is flat and never exceed a number and all of that make investing in these kind of coins later is just the same as when you're investing in financial investment or gold.
Hey guys, saw this read today about stablecoins and I'm curious what you think about them. Personally not a fan of tether for obvious reasons lol. Heard about the up and coming havven which isn't backed by fiat or gold. All very interesting projects that can lead to everyday transactions.
https://www.forbes.com/sites/shermanlee/2018/03/12/explaining-stable-coins-the-holy-grail-of-crytpocurrency/#71d1bb314fc6
I do not like the idea of coins that are pegged to something to become stable I know that such coins offer advantages to traders since they do not have to exchange their cryptocurrencies to fiat all the time, but such coins can be easily manipulated as well since the ones creating that cryptocurrency could state they are holding more dollars or gold than they actually are and when it is discovered they lied the price will drop like a rock. https://www.forbes.com/sites/shermanlee/2018/03/12/explaining-stable-coins-the-holy-grail-of-crytpocurrency/#71d1bb314fc6
A stable coin would be most appreciated by companies. If bitcoin would be very stable I think most would have chosen it to replace fiat currency. The idea of volatility allows coin buyers to gain profit but not the companies who wanted to use it for their online transactions. It's hard for coins tobbe used by both with different interest and uses.
I'm getting more and more disappointed each time I see articles of such qualities on Forbes (maybe it is somehow connecred with the offers of paid publications from the servicce board, duno).
Anyway a stablecoin (lets just say USDT as it is the most popular one and the idea of those coins iss the same, "our stuff is safer then the previous one") is a straight way to nowhere. No mater how good will be your coin. The initial idea of 1:1 is bad. To make this thing work you have to store the same amount of those coins in USD. Right now Tether should have about 2.2$ billions if they need to back all their coins. I highly doubt that they have those money. Also the market is growing together with the demand. And with all those things there is still a high risk that the stablecoin will face some problems and won't be backed 1:1.
The official issuer of the foat currency is the only ine who can establish the safe stablecoin connected with this currency.
Anyway a stablecoin (lets just say USDT as it is the most popular one and the idea of those coins iss the same, "our stuff is safer then the previous one") is a straight way to nowhere. No mater how good will be your coin. The initial idea of 1:1 is bad. To make this thing work you have to store the same amount of those coins in USD. Right now Tether should have about 2.2$ billions if they need to back all their coins. I highly doubt that they have those money. Also the market is growing together with the demand. And with all those things there is still a high risk that the stablecoin will face some problems and won't be backed 1:1.
The official issuer of the foat currency is the only ine who can establish the safe stablecoin connected with this currency.
I don't know what everyone else is saying lol. I see lots of potential in Havven just based on the infrastructure they have. Dual token system where it's not pegged to fiat? genius. Thought this was a good read about them - https://www.crowdfundinsider.com/2018/03/129035-record-breaking-havvens-crypto-blockchain-monetary-system-stablecoin-closes-90-minutes/
In terms of tether and the others, just looking at the cons is enough for me to opt out. There is a huge gap in the market for a stablecoin, it just comes down to execution.
In terms of tether and the others, just looking at the cons is enough for me to opt out. There is a huge gap in the market for a stablecoin, it just comes down to execution.
If cryptocurrencies were stable then they would get virtually no attention. The reason why bitcoin began receiving its initial coverage was due to the massive price rises in a relatively quick time span. When it comes to tether i dont even see tether a crypto due to the fact that its just a way for exchanges to allow users to trade their coins into usd without having to deal with the regulations that come with using usd.
Pegged-value coins are very useful for me as they let me able to store wealth in an indeed stable, and decentralized way.
I'd never use tether due to their shady practices and they aren't much decentralized, they are just mean to be easily transferable between exchanges
I prefer coins like bitUSD or bitCNY which are backed by bitshares, usable in his decentralized exchange, and even start to be used by other exchanges like aex
I think it worth noting there is also other pegged-coins on the bitshares (bts) network, like bitGOLD and bitSILVER. A good way to invest into metals without having to store it
I'd never use tether due to their shady practices and they aren't much decentralized, they are just mean to be easily transferable between exchanges
I prefer coins like bitUSD or bitCNY which are backed by bitshares, usable in his decentralized exchange, and even start to be used by other exchanges like aex
I think it worth noting there is also other pegged-coins on the bitshares (bts) network, like bitGOLD and bitSILVER. A good way to invest into metals without having to store it
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Create whatever kind of coin you choose, I don't care all I ask is that you provide us with a transparent way to confirm your blockchain. I don't believe Tether has done this and if Havven and others fails to do the same, I will write them off as craptokens that cannot offer the simplest request one can make of a distributed ledger system.
Some day there may be a fully legitimised stable coin. Until then I won't be bothering.
Tether's done an impressive job so far of maintaining its value. Every previous attempt like Nubits has had phases where the peg went down the toilet.
Alternatively more regulation and more professional exchanges may increase the amount of exchanges where real fiat is available, and squash the attempts at welding fiat to alts as a condition of that.
Tether's done an impressive job so far of maintaining its value. Every previous attempt like Nubits has had phases where the peg went down the toilet.
Alternatively more regulation and more professional exchanges may increase the amount of exchanges where real fiat is available, and squash the attempts at welding fiat to alts as a condition of that.
That is a nice break down of the stable coins. They will likely be lousy "investments" ... I mean, they are designed to make increase or decrease in price ... but they may be attractive for a quick safe haven to throw your coins into in a sell off, or as the article mentioned, may actually become useful for everyday transactions.
Store owners will likely continue to avoid Bitcoin and other high volatility coins, but may accept something like the coins mentioned.
Store owners will likely continue to avoid Bitcoin and other high volatility coins, but may accept something like the coins mentioned.
I'm not that familiar with those coins except Tether. I'm hearing nowadays, Forbes is one of the best way to advertise or shill some coins. So those coins that are indicated in that article is just base on his opinion and giving people an idea that they want to pump these coins.
I'm not familiar with the other altcoins mentioned in the list except for tether Few months back I wanted to give tether a try until I found out some issue about it now i'm just watching them. Before these coins can be used to everyday transactions they should prove that these coins are reliable than any other alts because if not this will be hard task to achieve. Most of them sounds good to use but I would stick to the old reliable fiat for now because it's where everyone is used to transact and most people from my place accepts it than crypto.
Hey guys, saw this read today about stablecoins and I'm curious what you think about them. Personally not a fan of tether for obvious reasons lol. Heard about the up and coming havven which isn't backed by fiat or gold. All very interesting projects that can lead to everyday transactions.
https://www.forbes.com/sites/shermanlee/2018/03/12/explaining-stable-coins-the-holy-grail-of-crytpocurrency/#71d1bb314fc6
https://www.forbes.com/sites/shermanlee/2018/03/12/explaining-stable-coins-the-holy-grail-of-crytpocurrency/#71d1bb314fc6
IMO, stable coins and volatility coins have their pros and cons. Stable currencies like USDT help investors avoid losses when the exchange rate drops rapidly; they will exchange to USDT and hold to wait for the exchange rate to bottom and to continue investing. Volatility coins such as Bitcoin, Ethereum, NEO and the rest of the cryptos are volatile; the advantage is that they bring huge profit to investors but more risk to invest.
Hey guys, saw this read today about stablecoins and I'm curious what you think about them. Personally not a fan of tether for obvious reasons lol. Heard about the up and coming havven which isn't backed by fiat or gold. All very interesting projects that can lead to everyday transactions.
https://www.forbes.com/sites/shermanlee/2018/03/12/explaining-stable-coins-the-holy-grail-of-crytpocurrency/#71d1bb314fc6
https://www.forbes.com/sites/shermanlee/2018/03/12/explaining-stable-coins-the-holy-grail-of-crytpocurrency/#71d1bb314fc6
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