Topic: What is your opinion on stable coins? - page 6. (Read 1561 times)
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.
Stablecoins are not showing "less volatility" they are literally stable, where do you see them going? I mean did you expected USDT to somehow worth 0.8 cents per USDT for some reason? or worth 1.2 dollars? The maximum it could potentially do is like 97 cents or so, I have seen as low as 94 cents for a while because of a huge dump but people gubbled it up right away and made it back over to 1 dollar once again.
Stablecoins will not be volatile until it is too late, I have warned everyone against them and will never hold a single one in my life and suggest everyone to do the same because one day they will all worth zero, but until that moment you can believe that it will always worth 1 dollar because you are not profiting or losing money with it, that IS the money, not an investment.
Stablecoins will not be volatile until it is too late, I have warned everyone against them and will never hold a single one in my life and suggest everyone to do the same because one day they will all worth zero, but until that moment you can believe that it will always worth 1 dollar because you are not profiting or losing money with it, that IS the money, not an investment.
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$.
Traders most time convert their profits to Stable coins.
While investor hodl stable coins while waiting for an investment opportunity in the altcoins market.
Stable coins are fiats, tusd, busd, usdt etc
They are actually a trading market. Their are many exchange that pair other non stable coin with stable one e.g BTC/USDT I guess you want to say the op cannot make profit for holding stable coin but they can actually profit from it when they are traded with other crypto that they are being paired with. Stable coins are not a form of trading markets; to me, stable coins are a store of wealth so that either today or 10 years time your 99.99$ 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
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!
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!
In the first place, when talking about investments you were not supposed to even think about stable coins, unless you want to use them for lending purpose like the one done on Binance exchange with BUSD. Talking about LIBRA, if and only if it will launch, only institutional investors will be allowed to invest before launch, after launch the purpose won't be for investment anymore but utilization for transactions. Buying USDT or any other stable coin to hold as investment doesn't make any sense ofcourse, I actually laughed when OP asked if stable coins are worth investing in. 😂
First of all, as the name suggests the stable coins are meant to be stable in value when compared to other crypto coins which are very volatile in nature. The stable coin helps in maintaining the value at the time of the transaction in USD terms so it will not be an investment those are meant to protect the value in USD during volatile or dump.
When the stable coin is considered as investments.?
For people living in non-US countries especially those in emerging economies, they can have the option of holding stable coins which is a kind of investment when compared to their native currency or weak national currency so they might able to profit from the strong dollar against their corresponding national currency.
When the stable coin is considered as investments.?
For people living in non-US countries especially those in emerging economies, they can have the option of holding stable coins which is a kind of investment when compared to their native currency or weak national currency so they might able to profit from the strong dollar against their corresponding national currency.
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$.
Traders most time convert their profits to Stable coins.
While investor hodl stable coins while waiting for an investment opportunity in the altcoins market.
Stable coins are fiats, tusd, busd, usdt etc
I think same. Stable coins are not suitable for investment. You can only store your capital for future investments. Also I do not know more about facebook libra. Stable coins are not a form of trading markets; to me, stable coins are a store of wealth so that either today or 10 years time your 99.99$ 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
for Libra coin, they might think it's an investment because it's created by facebook and it's a big company, so hopefully they'll understand that as usually those who does not have enough knowledge are the ones that will easily be scam in the market, and there are scammers out there marketing fake Libra project for investment.
So far, libra is announced as a stablecoin but they may change their plans as USA government is more strict above regulations when there is a replacement for their dollars from a big company like facebook. But, government will not bother libra when it will be just another derivative instrument like bitcoin or stocks.No one (including facebook) can do anything about someone will be trying to scam in the name of libra because it is individual's responsibility bout being secured against scammers. Facebbok may come to help to fight against such scammers legally but we should not provide rooms to scammer at first hand.
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 have nothing against stable coins, on the contrary, I’m very glad that there are stable coins like tether, because when the cryptocurrency market falls, you can hold all your investments in tether and you can survive all the cryptocurrency market falls and therefore change tether back to the cryptocurrencies you need.
Stablecoins are showing less volatility in the market. As we all know, COVID19 has brought the economy into crisis. But despite this situation, the price and market performance of stablecoins were higher than normal altcoins; even reaching a market cap of $8 billion this month. As stablecoins perform well, talks about central bank digital currencies (CBDC) are also heard from various countries. PlayFuel may not be categorized as a stablecoin and yet it shows price stability in the market. With high trading volume and many active markets, the liquidity of PLF is steady than other gaming cryptos.
Stable coins are not for investment, because they are not profitable, your investment would stay at one place! Usually, People do trades or convert crypto into stable coins to avoid the dump in their asset! No one invests in USDT for hodl, so you shouldn't buy the Libra coin for an investment purpose, this is another stable coin like others!
I think people will think that USDT is not an investment as the name itself, you can tell the obvious. However, for Libra coin, they might think it's an investment because it's created by facebook and it's a big company, so hopefully they'll understand that as usually those who does not have enough knowledge are the ones that will easily be scam in the market, and there are scammers out there marketing fake Libra project for investment.
Stable coins are not for investment, because they are not profitable, your investment would stay at one place! Usually, People do trades or convert crypto into stable coins to avoid the dump in their asset! No one invests in USDT for hodl, so you shouldn't buy the Libra coin for an investment purpose, this is another stable coin like others!
I think stablecoin is a good way to move fiat equivalents to blockchain, but the think I do not like about top stablecoins like USDT and USDC it that they can block funds on any addresses in Ethereum blockchain, which is a rude violation of cryptocurrency basics.
Also, not all stable coins here have real backing of their respective fiat currency. So you need to be very careful about these stable coins, as they may fall down anytime when the team behind it decide to stop their development or one of the team members decided to run away with large amount of coins and sell it to the market.
If there is a real backed up by their own currency fiat then everyone will be fond of using that. Even the famous usdt are not acknowledge by the US. This is own by a private company so the risk here is the same with other tokens and everyone knows that even they hold their stablecoin they will not see it grow as its description truly for that purpose. They will not be called stablecoin if they move too fast.
I don't like how they are printing stablecoins it is just like printing FREE money, and the only that benefits are the company. They are making themselves instant millionaires or maybe billionaires. There are rumors that it has been used to pump and dump the cryptocurrency market. Now we have so many stablecoins and many are planning to make their own. But stablecoins are useful in trading and minimize loss when the market crash.
No. Stable coins do not give you any profit even after many years. Their price is stable to some extent nt the reason its named stable coin. Tether remains around $1 or a little bit below this mark. It never surpasses it to jworth 2+$2 irrespective of how bullish the market is.
As I said, stable coin can give profits if the fiat coin used to buy the stable coin losts value
For example, I live in Brazil and we use BRL, and I need 5 BRL to buy 1 USDT for example, and if I buy 100 USDT and one month later I need 6 BRL to buy 1 USDT it's a profit situation
So it's wrong to say we can't have any profit with stable, but it's not recommend, there are easier and better solutions to buy USD for example
Well, stable coins was developed only to reduce the price volatility. Some stable coin like tether is traded below $1 and some are directly converted to USD, and others manipulate their own tokens to change its value to 1$ during pump and dump. The key factor on stable coins is it's volatility it's highly contagious.
No. Stable coins do not give you any profit even after many years. Their price is stable to some extent nt the reason its named stable coin. Tether remains around $1 or a little bit below this mark. It never surpasses it to jworth 2+$2 irrespective of how bullish the market is.
As I said, stable coin can give profits if the fiat coin used to buy the stable coin losts value
For example, I live in Brazil and we use BRL, and I need 5 BRL to buy 1 USDT for example, and if I buy 100 USDT and one month later I need 6 BRL to buy 1 USDT it's a profit situation
So it's wrong to say we can't have any profit with stable, but it's not recommend, there are easier and better solutions to buy USD for example
what you give is a simple example how you can profits from this stable coin. but for those wanting larger profits, don't expect it from stable coins as they have very little fluctuation in its value. Also, not all stable coins here have real backing of their respective fiat currency. So you need to be very careful about these stable coins, as they may fall down anytime when the team behind it decide to stop their development or one of the team members decided to run away with large amount of coins and sell it to the market.
Do you call store money on bank account is investment?
I mean, the money will increase it value when you hold it several months or a years?
I think money fiat aka stable coin is not an investment place it is just a store value. You have to make a decision to come to this place, choosing an investment place or you just store a value as your saving place?
I'll be prefer to choosw bitcoin or altcoin when I came to this place. Crypto currency can be made as an investment and as payment system as well. But since I just make a payment system through money fiat I'll be prefer to choose an altcoin for investing.
I mean, the money will increase it value when you hold it several months or a years?
I think money fiat aka stable coin is not an investment place it is just a store value. You have to make a decision to come to this place, choosing an investment place or you just store a value as your saving place?
I'll be prefer to choosw bitcoin or altcoin when I came to this place. Crypto currency can be made as an investment and as payment system as well. But since I just make a payment system through money fiat I'll be prefer to choose an altcoin for investing.
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