Topic: What is your opinion on stable coins? - page 4. (Read 1561 times)
I would tell you stable coins are safest to invest especially USDT. Stable coin is a coin one is absolutely sure of, it's a coin anyone can invest and sleep without having to fear of huge dump like other coins that you will invest and be checking constantly online so as not to allow coins dump seriously on you. I prefer stable coins more but I am talking about USDT
I think stable coin not for investment. People use it for safe their money. If you invest in stable coin it will no change, no profit no loss. Many trader use tether for easy profit. If you want to safe your money then you can buy tether.
If we want to be safe, we should not invest in this market. Any altcoin can crash if it has FUD, and USDT is the same. If it had FUD, its price would have collapsed and could not be stabilized
I think stable coin not for investment. People use it for safe their money. If you invest in stable coin it will no change, no profit no loss. Many trader use tether for easy profit. If you want to safe your money then you can buy tether.
Stable coins were not created for the purpose of making profit, you’re never going to make any profit from them since they are pegged to the USD and remains the same rate at which you invested money in them. They are only being used by investors and traders who want to store their money and not lose it in the fluctuating market of the volatile cryptocurrencies. And as for the Facebook Libra, if you have really read about them and what is their main purpose for creating the Libra coin, you will get to know that it was created for transactions around the world and nothing else.
I have not made use of stablecoins but hopefully I may use them in my trading. One of my colleague explained me how to use stablecoins in trading to short bitcoins even in spot exchanges. It is interesting but risky in my observation.
I have not made use of stablecoins but hopefully I may use them in my trading. One of my colleague explained me how to use stablecoins in trading to short bitcoins even in spot exchanges. It is interesting but risky in my observation.
Stable coins do not exist. There is nothing stable. How do you imagine stability in our time? When in the world it is not clear what. At any time, the price of anything can fall or increase. Any enterprise may go bankrupt. I don’t believe at all that there is at least some stability, especially in the crypto world.
Well you need to understand stable coins specifications well.
Stable coins are not a form of trading markets; to me, stable coins are a store of wealth so that either today or 10 years time your 99.99$ will remain 99.99$.
Traders most time convert their profits to Stable coins.
While investor hodl stable coins while waiting for an investment opportunity in the altcoins market.
Stable coins are fiats, tusd, busd, usdt etc
I guess stable coins might have some potential as a investment but rarely at this rate I cannot trust altcoins anymore as a true investment other than popular altcoins.Stable coins are not a form of trading markets; to me, stable coins are a store of wealth so that either today or 10 years time your 99.99$ will remain 99.99$.
Traders most time convert their profits to Stable coins.
While investor hodl stable coins while waiting for an investment opportunity in the altcoins market.
Stable coins are fiats, tusd, busd, usdt etc
Stable coins can be an alternative coin to fiat coins. There are many cryptocurrencies that are existing. With choosing what cryptocurrency you should buy, you must consider its price. If you want your coins to grow you must start buying coins when the value is low like now due to the pandemic that we are experiencing, then sell your coins when the value becomes higher from that you may gain so much return on investment. You may have more money that yiu can use with paying your bills and payments. These can help you a lot especially these days of pandemic.
If someone likes fast-moving investments, stable coins are not good enough for investment, but stable coins are better for long-term investments and are safe for further investment than fast-moving investment coins.
stable coins do not have fast price movements because stable coins have price movements depending on fiat meaning that the benefits are very long so I don't think it is too good to be used for long-term investment because if you keep it for a very long time but the profit you get not too much.Tere are stablecoins that still grow, even within a day, but that is if the market condition permits their growth. Not all stablecoins are backed by USD, some of they're backed by commodities.
Take for instance as table coin that is backed by crude oil, gold, silver or diamond, such stablecoin will follow the trend of the commodity used in backing it. They are good for investment, unlike the likes of USDT, because the also grow and plummet, but are not volatile,
Volatility is the characteristic feature of cryptocurrency.
So, these stablecoins can be used to hedge against crypto volatility. Which means that they can also serve as sources of investment.
Stable coins are coins that have same value over a long period of time
you can hodl stable coins in preparation to invest, or when waiting for an entry point to bitcoin.
You can also use stable coins to keeo your profit before they are reinvested. Examples includes usdt, tusd, and there is a gold backed stable coin too in digital gold token
yes that's why these coins can be called the stable coin because of the stable price movements and make old investors to be able to get profits from cryptocurrency, stable coins should not need to be created because in my opinion not too efficient. you can hodl stable coins in preparation to invest, or when waiting for an entry point to bitcoin.
You can also use stable coins to keeo your profit before they are reinvested. Examples includes usdt, tusd, and there is a gold backed stable coin too in digital gold token
Stable coins are coins that have same value over a long period of time
Even if the name is "stable", it doesn't mean to have the same value in a long time. Stable coins also have volatility but the volatility is low. So, the price can move or change like others, but yes the change will be quite small. Don't misunderstand that the price will be the same for a long time, it may change even in a day. Kindly take a look for the price of Tether or USD Coin on some exchanges.Look at the definition below:
Quote
Stablecoins are cryptocurrencies designed to minimize the volatility of the price of the stablecoin, relative to some "stable" asset or basket of assets.
Source: https://en.wikipedia.org/wiki/Stablecoin
Stable coins are coins that have same value over a long period of time
you can hodl stable coins in preparation to invest, or when waiting for an entry point to bitcoin.
You can also use stable coins to keeo your profit before they are reinvested. Examples includes usdt, tusd, and there is a gold backed stable coin too in digital gold token
you can hodl stable coins in preparation to invest, or when waiting for an entry point to bitcoin.
You can also use stable coins to keeo your profit before they are reinvested. Examples includes usdt, tusd, and there is a gold backed stable coin too in digital gold token
My short opinion on stablecoins is, they are good and lifesavers or "fund savers".
Crypto is volatile, crypto is unpredictable and there are bear markets therefore in a second just think of what will become of your funds (not necessarily long term funds maybe trading funds) if there is a bad news or a bear market and there are no stablecoins to convert to; it will be heartbreaking and devastating. So in essence, stablecoins doesn't grow nor appreciate, they are just stagnant but helps people to safeguard their funds against volatility and against bear markets.
Crypto is volatile, crypto is unpredictable and there are bear markets therefore in a second just think of what will become of your funds (not necessarily long term funds maybe trading funds) if there is a bad news or a bear market and there are no stablecoins to convert to; it will be heartbreaking and devastating. So in essence, stablecoins doesn't grow nor appreciate, they are just stagnant but helps people to safeguard their funds against volatility and against bear markets.
Stable coins is good to to defend in the bear market. So it can be option to store your asset.
But, to get profit you can not store your asset in this coins. Because this coins only maintain your asset value.
The purpose of stable coin to avoid the volatility in the crypto. If someone has a very difficult way to convert his crypto to the fiat money and stable coin offers an alternative solution to this problem. This is the main role of stable coin. Everyone who think you can invest in stable coin and this is a big no. But, to get profit you can not store your asset in this coins. Because this coins only maintain your asset value.
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!
for example, if you save bitcoin, you will lose value when their prices drop. But it's different from tether which doesn't have volatility.
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!
I thought Facebook Libra has been stopped not that I even took it serious, nevertheless on the case of Tether, investing in it doesn't come with any profit because it doesn't grow that means it is a stablecoin. The use of Tether is because of its nature which is to keep or secure funds from being dealt with by bear market, even though there is a bull run it still does not affect Tether in any way. Also, Tether is not bad because it has an advantage which is mostly seen and appreciated during bear market.
In my opinion stable coins are bad to invest.
I am agreed with you that stable coin is bad for invest because we cannot make much profit from it. if its price had not been stable then we can make good profit from it. you can use stable coin for holding your money for a short time when you think other crypto market tend to be dumping continuously.
Stable coins is good to to defend in the bear market. So it can be option to store your asset.
But, to get profit you can not store your asset in this coins. Because this coins only maintain your asset value.
But, to get profit you can not store your asset in this coins. Because this coins only maintain your asset value.
stable coins arent bad they are still part of your money making success on crypto . thier stability is useful if you dont want your coins to be affected by the fluctuations at the moment . but what is the status of libra coin .
i just check it right now and i dont see any value . other infos are also question mark . i think the project is discontinued or maybe postponed yet for now because the world have a greater problems than creating a coin like this . anyway there is still tether which is the best brand when it comes to stable coins
Actually not bad. It's just that for those who like volatility, the price stability of stable coins is less attractive in providing benefits, right?i just check it right now and i dont see any value . other infos are also question mark . i think the project is discontinued or maybe postponed yet for now because the world have a greater problems than creating a coin like this . anyway there is still tether which is the best brand when it comes to stable coins
So that stable coins are often used to secure assets when extreme market movements occur.
Stable coins are very essential especially in times of high volatility, you can save the value of your assets pending when you will invest it back.
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!
Actually, Libra coin has been out from reality because of some problems of its creation and it never receives approval from the regulatory board to launch this project.
https://www.bloomberg.com/news/articles/2020-01-20/facebook-s-failed-libra-starts-2020-facing-fresh-swiss-hurdles
If we think about crypto investment, it is better not to choose stable coins because you can't make money from them. I suggest having high volatile coins but you should be careful in making trade also. Better to choose among the top coins in the market and take a look of its trading volume.
stable coins arent bad they are still part of your money making success on crypto . thier stability is useful if you dont want your coins to be affected by the fluctuations at the moment . but what is the status of libra coin .
i just check it right now and i dont see any value . other infos are also question mark . i think the project is discontinued or maybe postponed yet for now because the world have a greater problems than creating a coin like this . anyway there is still tether which is the best brand when it comes to stable coins
i just check it right now and i dont see any value . other infos are also question mark . i think the project is discontinued or maybe postponed yet for now because the world have a greater problems than creating a coin like this . anyway there is still tether which is the best brand when it comes to stable coins
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