What is your opinion on stable coins? - page 3.

TimeTeller

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Quote from: amos77978 on June 16, 2020, 05:48:06 PM

stable coin is simply just to store wealth nothing more.. you wont make any gain.. neither will you make loss your funds.. they're one of the best coins to hold when the market Is RED.. as your funds wont lose their initial calue

That is the reason why they are created in the first place.
Not to lose much of its value in different seasons in the market, whether bearish or bullish.
So it is just simply a store of value so don't expect that you will gain profit from holding it.
But in my opinion, you should not hold stablecoins for long term, because we don't know the real truth about the asset backing it.
Not many of them are saying the truth about its assets, just look at USDT, which at one point, they did admit that it was not 100% USD backed.

amos77978

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but as well be sure of what your buying.. there are multiple stable coins in the market right now.. do your investigation and make your choice.. on my opinion tether and dai. are both the most trusted stable coins you'll find in the market.. usd is also a good option

amos77978

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Quote from: hamaravijay on April 17, 2020, 12:56:12 PM

Hello Crypto friends!

Recently i have known about tether and also facebook libra.

Is those worth investments or waste investments.......?

Because if facebook libra is stable coin then it is wrong investment choice because many crypto investors look for profit coins i mean unlike stable coins they will like coins which get profits.

In my opinion stable coins are bad to invest.

But facebook will change their decision regarding the libra stable coin or the libra coin will also like another tether.

Thanks!

stable coin is simply just to store wealth nothing more.. you wont make any gain.. neither will you make loss your funds.. they're one of the best coins to hold when the market Is RED.. as your funds wont lose their initial calue

adzino

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Quote from: aemma on June 16, 2020, 09:07:01 AM

Stablecoins are not bad to invest in, moreover it's not like you are investing in it because there is no profit to be gotten out of it rather it is more like using stablecoins to protect your funds during bear market which you can still convert back to your favourite coin when the market changes for good.
However, about Tether and Libra, both are two different projects or platforms because one (Tether) is already developed for years and currently can be seen as the best stablecoin with huge volume etc while Libra is yet to be launched thus no one knows actually what to expect from it. So therefore, in a bid to answer the question, Tether is worth the attention given to it.

Stable coins are not a bad investment? Lol, you don't make any profit off it, so there is nothing to invest on it and you know what. But, it is still a bad investment. As far as I know, your tether tokens can be frozen anytime. I am not sure, but I think if you come across some stolen tokens, they can be freezed.

Yeah, tether and Libra are different things. Is Libra still under development? I though it already died before it even got to launch.

Perfect35

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Quote from: Raja Singa on June 16, 2020, 01:30:15 PM

Quote from: hamaravijay on April 17, 2020, 12:56:12 PM

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It's not too bad like what you say. A stable coin will give a profit where the price of other coins drop.
Stable coins do not provide profit if the price of other coins is increasing.
For example:
1 ETH = 230 USDT
If the ETH price drops -10%
230 x 10/100 = 23
Then the stable coin holder has made a $ 23 profit.
And if they repurchase ETH,
$ 230 + $ 23 = $ 253
1 ETH + 0.1 ETH = 1.1 ETH
Well, this will be the opposite if the price of Ethereum rises.

This will only be applicable if ETH grows back, but in a situation where the price of ETH keeps dumping and you buy back with your USDT, thinking that it has reached its base, then if care is not taken, you would have joined the train of loss. Well, I think USDT will mainly help you to fix the value of your holdings and you could buy back and at the sea time be fortunate to make some profits from another upsurge.

Raja Singa

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Quote from: hamaravijay on April 17, 2020, 12:56:12 PM

~

It's not too bad like what you say. A stable coin will give a profit where the price of other coins drop.
Stable coins do not provide profit if the price of other coins is increasing.
For example:
1 ETH = 230 USDT
If the ETH price drops -10%
230 x 10/100 = 23
Then the stable coin holder has made a $ 23 profit.
And if they repurchase ETH,
$ 230 + $ 23 = $ 253
1 ETH + 0.1 ETH = 1.1 ETH
Well, this will be the opposite if the price of Ethereum rises.

kentrolla

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If this is the case with me I will sell it and go with some top it's better to give Important to few top coins like ETH, BNB and some other coins.

Stable coins will always remain normal and we cannot expect some changes in the price, crypto is absolute risky those who take high-risk are millionaires today. It's all about investing in a right coin..

tbterryboy

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Quote from: Yatsan on June 16, 2020, 09:45:08 AM

You can use the stable coins is you sell on the pick of the market or it's also good if you are going to buy from the bottom. I use tether to be a safe haven when I am trading, so If the market is on a roller coaster, it's better to use stable coin as a pair of which coin are you trading.

Honestly I could not get your point, how tether is looking to you as a safe heaven against market's roller coaster rides? Just by trading with stablecoin pairs, how we can eliminate the market volatility? So far my understanding about stablecoin is like it is a crypto formatted fiat and we can use instead of fiats. It means we can easily move coins from exchange to our wallet like bitcoins instead of going for banks for fiat transactions.

Quote from: Rubick99 on June 16, 2020, 12:31:19 PM

Agree with your opinion that stable coin is bad investment, its like we just collect fiat money then it can be inflated by time.

Stablecoins do not fluctuate (in terms of fiat value) hence how we can go for investing with them? Most stablecoins on market right now are corporate coins which could be inflated if they decide. But this makes these stablecoins non-trustable even for using. Yes, we need decentralized coins to trust and use.

Rubick99

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Agree with your opinion that stable coin is bad investment, its like we just collect fiat money then it can be inflated by time. Rather than just parking your money in the bank, it will be better if you use it to grow up your wealthy.
Just buy bitcoin or ethereum for sure.

Yatsan

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You can use the stable coins is you sell on the pick of the market or it's also good if you are going to buy from the bottom. I use tether to be a safe haven when I am trading, so If the market is on a roller coaster, it's better to use stable coin as a pair of which coin are you trading. For example you are trading etherum and the price is unstable like bitcoin then, you can use the stable coin as trading pair of it, and take advantage of the situation. Grin

aemma

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Quote from: hamaravijay on April 17, 2020, 12:56:12 PM

Hello Crypto friends!

Recently i have known about tether and also facebook libra.

Is those worth investments or waste investments.......?

Because if facebook libra is stable coin then it is wrong investment choice because many crypto investors look for profit coins i mean unlike stable coins they will like coins which get profits.

In my opinion stable coins are bad to invest.

But facebook will change their decision regarding the libra stable coin or the libra coin will also like another tether.

Thanks!

Stablecoins are not bad to invest in, moreover it's not like you are investing in it because there is no profit to be gotten out of it rather it is more like using stablecoins to protect your funds during bear market which you can still convert back to your favourite coin when the market changes for good.
However, about Tether and Libra, both are two different projects or platforms because one (Tether) is already developed for years and currently can be seen as the best stablecoin with huge volume etc while Libra is yet to be launched thus no one knows actually what to expect from it. So therefore, in a bid to answer the question, Tether is worth the attention given to it.

CrownMade423

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Stable coins means they are not investments because they don't increase their value coz they are not in fluctuate position .We can not make money with stable coins if you don't runs it by any things .Traders most time convert their profits for an investment opportunity in the altcoins market. Its a secure assets with any changeable value and for sure you will not get any profit from it .
You should search more . Thanks

kogozer714

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if you think a stable coin will make a profit maybe it's not true, and vice versa. maybe with a stable coin you will be safe with your doubts in the trading market which reduces your loss and income.

@baoli

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Base.protocol

Stable coins might not truly be an investment because itbis expected not to increase. So if you noughts 100$ worth today weeks ahead it will be same. It is created to help people hedge during volatility.

farukahmed

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There are many coin is stable are crypto market. some of exchange are looking many coin are not stable. i thing the most valuable coin are nit stable because this coin are increase and decrease. it can be trading on exchange. A stable coin is a cryptocurrency that is pegged to another stable asset, like gold or the U.S. dollar. It’s a currency that is global, but is not tied to a central bank and has low volatility. so i like to say popular stable coins are working towards building the most optimal cryptocurrency.

FanEagle

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That much money can't be sustained, eventually there will be a moment when the market will be filled with too much stable coins and eventually people will stop buying them, when they stop buying them the companies that print them will have to cover the difference and these companies are all shady crooks so eventually they will definitely bail out and when they do that even at a small scale, it will snowball into something huge.

If it was just couple hundred million dollars per quarter I would have understand but we are talking about almost 2 billion dollars in the last quarter, and most of it went to those companies who print it (mainly tether) and these people basically gave us something worthless and took our billions from us, and we allowed them to do that.

coingecko

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Believe or not but we just saw over $1.8 billion worth of stablecoins added into the market in circulation in the last quarter alone

Snippet from full report at https://landing.coingecko.com/q1-2020-report/

The demand for stablecoin especially USDT is certainly fueling more and more of these.
Will it end up composing the majority of the cryptocurrency markets and what will this mean then?

bct_ail

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Due to their low volatility, Stablecoins are important for the following groups:
Trader. They can stay in the ecosystem and do not have to go through Fiat when prices jump.
Buyer: They can convert their Fiat into Stablecoins, are in the ecosystem and can buy coins quickly when needed.
For cashing out: If you want to cash out large sums of crypto in Fiat and want to stay under the radar, you can change your coins to stablecoins and convert them into fiat, gradually

K4C

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Stable coin is not perfect for this time any exchanger. There are a lot of coin in stable coin they are not increase price. I can say that stable coin are not proper value of exchanger so most of exchanger are listed coin they are always trading and pumping this coin. I can suggest you stable coin is not perfect for you.

princerepon

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Quote from: hamaravijay on April 17, 2020, 12:56:12 PM

Because if facebook libra is stable coin then it is wrong investment choice because many crypto investors look for profit coins i mean unlike stable coins they will like coins which get profits.

Did Libra already announced it Huh

If yes then why they actually showing interest about crypto currency at all..? I mean many investors waiting for Libra very long time. And because it's from giant company Facebook so people would take that coin very seriously. I have no idea about there plan properly but if they are thinking about they are going with stable coin then it's not worth to invest. Let's see what happen next. Undecided

Topic: What is your opinion on stable coins? - page 3. (Read 1496 times)