What is your opinion on stable coins? - page 7.

lepbagong

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Quote from: rdluffy on April 18, 2020, 10:11:56 PM

Quote from: Nasonn on April 18, 2020, 08:03:45 PM

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

understanding stable coins which I believe is if the coin falls one day but can quickly come back again. so if we can analyze it well and act quickly then it is certain that a stable coin will provide a profit value as well. but if it's altcoin obviously the profit value isn't much different if you hold bitcoin. bitcoin is currently stable, can go down with a decent value but in a few hours can go back again to the previous value, if you can anticipate it can definitely get a big profit.

Nasonn

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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.

gundala

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

In my opinion stable coins are bad to invest.

Basically the main function of stable coin is not for investment, I think. The price tends to be constant, low volatility, the need for changes and extreme events that can move the price as in March, when BTC and altcoin dropped so deep, stable coin prices rose. That is caused by most investors securing their assets from extreme markets.
Stable coins are more effective as an alternative payment. Stable coins offer transparency, security, fast transactions, low fees, and privacy with guaranteed trust and price stability that is used as a reference, like dollar (USDT).

naureen978

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Quote from: cytpoway121 on April 18, 2020, 04:48:18 AM

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'm agree with cytpoway121, stable coins are not for trading or holding to get profit from it but they offers investors and user prospect of a safe haven when markets are volatile as well as they offer a quick way to enter or exit from high volatile assets.

jostorres

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You would think that stablecoins do not change in price but that is only available until you really trust them, the moment people start to not trust them do you really think there is anything keeping the prices there? I can honestly tell you that if everyone who owns usdt starts selling it in the next 48 hours, we are looking at usdt becoming under 50 cents right away. Why would anyone sell something that worths 1 dollars to under 50 cents and why would anyone let that arbitrage chance go to waste?

Well simple really, what happens if Tether the company comes out and says that they are no longer paying people 1 dollars for 1 usdt and they are stopping all operations? Don't tell me it is impossible because a lot of weird stuff happened in crypto so anything could happen.

Chuky92

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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!

Actually stablecoins are not bad to invest, however just like the name says, it is stable which means it doesn't grow in value or price. Stablecoins are not bad because without them, I just can't imagine what will happen when there is bear market; they are used to save funds from the volatility of the crypto space, so I don't think they are bad. On the other hand, when someone want to invest with the mindset of having profit, then stablecoins can't work rather other coins like BTC etc should be focused on. If you are after profit, checkout other coins but if you want to hold your funds against volatility, then go for stablecoins.

isaac_clarke22

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They're both, because it depends entirely on your rationality to invest in these. Most known stable coins that I've come across was USDT also known as Tether.
I haven't really invest in it that much back when I was trading because it is pretty much just a dip for me to learn the ropes behind trading in Binance.
Not sure about Libra though, they haven't launched it but there was little to no update of the project so far and people are kinda thinking that it was probably cancelled but it is really not. Maybe Zuckerberg isn't just that pushing that project that much because it has plenty of competitors especially that there are plenty of popular crypto coins we already got and listed.

rdluffy

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Quote from: fenixosup on April 18, 2020, 10:15:55 AM

Stablecoins are stable. Its not investment, they will always have the same price

Just a correction, to be totally clear
Maybe if you buy a stable coin in USD for example and the coin of your country is worthing less and less, you can have more money in fiat, but I do not recommend this way of "investment"

kindbtc

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Yes i agree with you if you truly think that crypto is the future then even holding stablecoins is never a good idea but i think it can only be used as a hedge or to buy crypto from dip at cheaper price, stablecoins are not good for investment.

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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 coins are not really used as an investment they are used as a way to technically get out of the market of cryptocurrencies without actually getting out, in the past when those coins did not exist your only choice if you wanted to get out of the market was to sell your coins for fiat, but in order to do that you needed a bank account and a bank willing to accept such transactions, but when those coins appeared you could sell for something similar to fiat and you will not need the approval of any bank, and if you wanted to get back in the market this could easily be done at a low cost, as such stable coins are nothing more than a necessary evil.

mersal

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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!

Facebook didn't lauch their project called libra to the public yet since they have issues with regulating their coin with different governments.

While tether is well known stable coin and most widely used crypto stable coin in the recent time and importantly its daily trading volume surpassed bitcoin value as well but as an investment its stupid idea, because the value is going to stable so you are not going to get any returns by holding a stable coin.

FairUser

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Stablecoins will always be stable over time, It's like Fiat in our lives. And the people who create it don't need profit, so you don't need to invest in it. Stablecoins will keep us safe whenever the market collapses because its price will not be affected by any reason.

bitcoinst

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Stable coins are your best friend during market fluctuations.
There is nothing better than to wait out difficult or ambiguous times in hard currency, without having to pay huge fees for converting your assets into fiat.

BlackFor3st

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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 coins have their own purpose and investing to it is not an option because even if it will take years, the movement of stable currencies are very small like only cents. Of course we can say that stable coins are bad to invest as it will not give you a profit that much compare to other currencies that are not stable but when the market crashes the stable currencies are good as scapegoat for investors.

They can just sell their assets and convert it to stable currencies while waiting for the chance to buy back again and profit in the long run.

H1N1

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I don't know about facebook libra, but on the other hand, usd tether is the popular stable coin in cryptocurrency.
You don't need to invest on stable coins because their value won't change, they are stable.
Better to search for another project to invest, stable coins are only the medium to convert crypto value to real money.

wozzek23

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

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.

Yes, stablecoins are not for investment purposes because they will not grow in its value and always its value is fixed. But, you can use stable coin for locking your profit while trading. It means you can go for shorting even in spot market with the help of stable coins. Stable coins are just the derivative and crypto format of fiats. So, you can use them wherever you have been using fiats so far. Are you using your fiats for investment like by holding the fiats?

Coming back to the facebook's libra, we cannot predict what are the decisions their management will be taking. So, libra may remain as stable coin or may have variable value; we cannot say anything now itself.

Samayuki

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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!

Wonder how it's possible that one can invest on stable coins, these type of coins remain at the same state for ever, they are only good for storing values and trading, they aren't like bitcoin and altcoins

fenixosup

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Stablecoins are stable. Its not investment, they will always have the same price

Review Master

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Quote from: Little Mouse on April 18, 2020, 06:26:04 AM

What's the difference between a stable coin and tether, tether is another stablecoin. It can get changed less than or around 1% within 5/6 months, suddenly.

There was a mistery/incident which is the reasons for the up&down price movement of tether. Basically, stablecoins are backed by real money in bank or reserve system. Also, ifinex is a parent company of bitfinex and tether. In the begining, bitfinex gives $850 million dollar to CryptoCapital to help them for making transection in banking sectors for the usd withdrawals from their exchanges. But, the ceo of cryptocapital charged for frauding in USA because he told all the banks that all the funds are using for real estate business. As a result, all the funds locked as a illegal money and bitfinex don't have the capital to run the transections. So bitfinex loaned $850 million usd from Tether reserved and used to run the transections. So, tether is not fully backed by real usd according to the last reports of bitfinex and it's only 75% backed by the real usd. That's why we see that tether's price is fluctuating every now and then. In this point, i want to mention all that bitfinex annouced an ieo of "LEO" coin after all of that mistery/incidents to rise $1 Billion worth of funds and maybe from that funds , they returned the amount of $850 million which was loaned from Tehter.

ethereumhunter

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I don't use stable coins as the investment because if I take a look at the price, the price is not increase too higher, and if the price is decrease, it will not too deep. Besides that, I feel it is difficult to make a big profit from the stable coins, and it is better to make the profit from the other coins. But the stable coins can be a good way to store your money in case if the market is down so your money will not decrease too deep.

Topic: What is your opinion on stable coins? - page 7. (Read 1496 times)