however, bitcoin is the first and most popular cryptocurrency in society. although the price is not stable, until now many are adopting bitcoin in the real world. stablecoin, I think it will be very small to replace the popularity of bitcoin, although it is more effectively used as an alternative payment because of its stable price.
Although many altcoins have emerged with various solutions and innovations offered, bitcoin's position has not been shaken until now.
Topic: Will stable coins take control of Bitcoin as crypto adoption in the future? - page 3. (Read 553 times)
June 22, 2021, 05:14:40 PM
June 22, 2021, 07:55:10 AM
I think no, people are hooked up into crypto because the volatiliy of the coins is so agile. A stable coin adoption could be possible but i think not so many people will use it as a daily transaction method due to already many digital wallet that already there nowdays. So i think the unique things about crypto that hooked many people are their price are volatile and people are loving it.
They want to make fast money from the volatility and they will try to search for profitable coins because they know that the stable coins can not give them the profit.Stable coins help them reduce the losses that can happen anytime, so when they see the price is down, they will convert the coin to stable coins.
Maybe people can also use stable coins as the payment system because the price will not have too volatile compare to bitcoin and altcoins.
The volatility of the bitcoin and altcoin tempt them to make money and convert it into stable coins to save their money.
No, when they see the price is down they do NOT convert to stable coins. They convert to stable coins when they see the price is high and could drop. If you think the price is low you want to get out of stable coins in order to reap the benefits from any increases in coins like Ethereum or Bitcoin.
June 22, 2021, 06:55:36 AM
I think no, people are hooked up into crypto because the volatiliy of the coins is so agile. A stable coin adoption could be possible but i think not so many people will use it as a daily transaction method due to already many digital wallet that already there nowdays. So i think the unique things about crypto that hooked many people are their price are volatile and people are loving it.
They want to make fast money from the volatility and they will try to search for profitable coins because they know that the stable coins can not give them the profit.Stable coins help them reduce the losses that can happen anytime, so when they see the price is down, they will convert the coin to stable coins.
Maybe people can also use stable coins as the payment system because the price will not have too volatile compare to bitcoin and altcoins.
The volatility of the bitcoin and altcoin tempt them to make money and convert it into stable coins to save their money.
June 21, 2021, 11:16:01 PM
I think no, people are hooked up into crypto because the volatiliy of the coins is so agile. A stable coin adoption could be possible but i think not so many people will use it as a daily transaction method due to already many digital wallet that already there nowdays. So i think the unique things about crypto that hooked many people are their price are volatile and people are loving it.
June 21, 2021, 11:06:04 PM
A stablecoin is a cryptocurrency that is backed, added, or backed by an underlying asset. low volatility with stablecoins being the main benefit to continue to attract both individual and institutional interest. Exchange rate stability is useful for both holders and those trying to integrate Bitcoin and other cryptocurrencies into the wider financial system.
Any crypto can be adopted by people, but adoption itself must be described what kind of adoption it be. I mean bitcoin now maybe can be considered already adopted by a lot of people in this world as investment, but not yet as payment. Maybe Stablecoin can be used as alternate payment too and help people maybe who want to buy something from other country and then they can pay it directly from their wallet or maybe exchanges. 
June 21, 2021, 10:51:20 PM
Bitcoin was made too early for us people.
We don't even have the guts to take the risk of volatility and apply it to our daily system.
Because of that, I agree that it will be stablecoins that are near the truth of being the near future of financial development.
20 years. That may be the time that we will be ready for Bitcoin to be included in everything. I hope I am still alive to see that day.
We don't even have the guts to take the risk of volatility and apply it to our daily system.
Because of that, I agree that it will be stablecoins that are near the truth of being the near future of financial development.
20 years. That may be the time that we will be ready for Bitcoin to be included in everything. I hope I am still alive to see that day.
A times, the volatility is a cause for concern. For example, in online stores, vendors selling various merchandise may suffer losses because the coins are kept in escrow for many days and by the time they are released from escrow, the exchange rates may have gone down. Stablecoins are good for such instances. Also, the online ecommerce sites should give the option for sellers to immediately convert the payments received to fiat cash (even if the funds are kept in escrow). That will reduce the losses related to volatility.
June 21, 2021, 10:18:08 PM
I don't agree. I think you are very wrong in saying that stable coins are the ones that really attract both individual and institutional interests. Why would I as an individual be attracted to a fiat which is merely converted into a tokenized form?
As to institutions, stable coins are also nothing to them. They have a lot of fiat already. What they need is a way to store their fiat wealth into an asset which does not devalue itself over time. And that is Bitcoin. They need to protect their wealth more than any other.
We are not even sure if stable coins are really fully backed with its equivalent fiat.
As to institutions, stable coins are also nothing to them. They have a lot of fiat already. What they need is a way to store their fiat wealth into an asset which does not devalue itself over time. And that is Bitcoin. They need to protect their wealth more than any other.
We are not even sure if stable coins are really fully backed with its equivalent fiat.
June 21, 2021, 10:10:40 PM
Bitcoin was made too early for us people.
We don't even have the guts to take the risk of volatility and apply it to our daily system.
Because of that, I agree that it will be stablecoins that are near the truth of being the near future of financial development.
20 years. That may be the time that we will be ready for Bitcoin to be included in everything. I hope I am still alive to see that day.
it will be very nice if we can see the development of BTC for world finance in the future.We don't even have the guts to take the risk of volatility and apply it to our daily system.
Because of that, I agree that it will be stablecoins that are near the truth of being the near future of financial development.
20 years. That may be the time that we will be ready for Bitcoin to be included in everything. I hope I am still alive to see that day.
but in the next 5-10 years I think the use of stable crypto for legal payments should be possible. stable crypto assets are almost as functional as digital fiat assets that are currently used by everyone. this is only related to the implementation of blockchain technology in the future that can be accepted by everyone.
June 21, 2021, 09:37:26 PM
Bitcoin was made too early for us people.
We don't even have the guts to take the risk of volatility and apply it to our daily system.
Because of that, I agree that it will be stablecoins that are near the truth of being the near future of financial development.
20 years. That may be the time that we will be ready for Bitcoin to be included in everything. I hope I am still alive to see that day.
We don't even have the guts to take the risk of volatility and apply it to our daily system.
Because of that, I agree that it will be stablecoins that are near the truth of being the near future of financial development.
20 years. That may be the time that we will be ready for Bitcoin to be included in everything. I hope I am still alive to see that day.
June 21, 2021, 08:07:58 PM
Stable coin is only important when you have to wait for better price entries or for taders (which is not recommended because it is high risk, only HODL).
Stable coin doesn't offer any price gainz because it is a stable coin.
It will never attract a vital community of people who are positive about it like for very important coins like Bitcoijn or Ethereum.
From an offering perspective, stable coins are very weak.
Stable coin doesn't offer any price gainz because it is a stable coin.
It will never attract a vital community of people who are positive about it like for very important coins like Bitcoijn or Ethereum.
From an offering perspective, stable coins are very weak.
June 20, 2021, 06:43:33 PM
I think a lot of people still don't understand the reasons why so many people enter this cryptcurrency market. When someone enters the cryptocurrency market these people are aiming to make 10X profits, this objective of 10X return is only possible by investing in bitcoin and altcoins, stablecoins do not serve as investments, they only serve as a means to trade on exchanges, That's why I don't see any stablecoins controlling bitcoin, it's not possible that this will happen in the future. But we have to admit that stablecoins are a problem because I think in the future governments will regulate stablecoins
I wouldn't even bother explaining that if I were you. If somebody comes to me and asks me whether he should invest in a stable coin to make big profits, I'll just leave without saying a word, fingers crossed! I have read that a couple of times here on the forum, some guys asking whether they should invest in stable coins. Jesus what is wrong with them?
June 19, 2021, 11:25:44 PM
I dont see any probability stable coins will take control of Bitcoin. Stable coins and fiat is the same, both can to printing as much as we want and its will decrease in value because of too many circulating supply on the markets and cause of inflation. Bitcoin is future of money that will fight with inflation from stable coin and fiat.
June 19, 2021, 11:11:25 PM
A stablecoin is a cryptocurrency that is backed, added, or backed by an underlying asset. low volatility with stablecoins being the main benefit to continue to attract both individual and institutional interest. Exchange rate stability is useful for both holders and those trying to integrate Bitcoin and other cryptocurrencies into the wider financial system.
Why do you say that? Stablecoin is nothing more than a digital fiat/metals/etc. There's no way that stablecoin can control Bitcoin. The only purpose I see stablecoin in the cryptocurrency market is a trading pair. You can't even profit from holding it because holding a stablecoin is like holding a fiat so there's no way it's going to attract individual and institutions.
June 19, 2021, 09:10:57 PM
I think a lot of people still don't understand the reasons why so many people enter this cryptcurrency market. When someone enters the cryptocurrency market these people are aiming to make 10X profits, this objective of 10X return is only possible by investing in bitcoin and altcoins, stablecoins do not serve as investments, they only serve as a means to trade on exchanges
Stable coins are means to trade on exchange, you are right but they have other meanings as store of asset. I don't say stable coins are safe or safest stores of asset but many people use stable coins to store their capital when they are uncertain about Bitcoin or altcoins.Quote
That's why I don't see any stablecoins controlling bitcoin, it's not possible that this will happen in the future. But we have to admit that stablecoins are a problem because I think in the future governments will regulate stablecoins
Stable coins are derivatives from the crypto market. They are created to support crypto market, not to control or replace it.PSA: Most Stablecoins Can Be Frozen, Even in Your Own Wallets
June 19, 2021, 06:02:39 PM
I think that nothing can take the control of Bitcoin in some way. Governments would have taken the control in the first place if such thing was possible. Stable coins are really good and I also use them. But this doesn't make much sense to me.
June 19, 2021, 05:59:37 PM
I think a lot of people still don't understand the reasons why so many people enter this cryptcurrency market. When someone enters the cryptocurrency market these people are aiming to make 10X profits, this objective of 10X return is only possible by investing in bitcoin and altcoins, stablecoins do not serve as investments, they only serve as a means to trade on exchanges, That's why I don't see any stablecoins controlling bitcoin, it's not possible that this will happen in the future. But we have to admit that stablecoins are a problem because I think in the future governments will regulate stablecoins
June 19, 2021, 05:49:47 PM
it never happened stable coins can take control bitcoin as crypto adoption in the future because bitcoin in the first place has the highest volatility rate which most crypto users and traders do prepared here compared with stable coin which has low volatility and its pegged to dollar.
June 19, 2021, 05:49:26 PM
A stablecoin is a cryptocurrency that is backed, added, or backed by an underlying asset. low volatility with stablecoins being the main benefit to continue to attract both individual and institutional interest. Exchange rate stability is useful for both holders and those trying to integrate Bitcoin and other cryptocurrencies into the wider financial system.
What do you mean by adoption? That cryptocurrency finds its way into society as a standard method of payment? If yes, that can happen several ways. You can have real time conversion processes in the backend of a payment app (exists for very long already) or you could indeed use stable coins. The advantage with stable coins is that you have less legal issues involved opposed to using volatile cryptos that bring you profits and losses between purchasing the crypto and the moment you use that crypto to purchase something else.
June 19, 2021, 05:35:08 PM
A stablecoin is a cryptocurrency that is backed, added, or backed by an underlying asset.
Not only stable coins but other coins are also backed by the underlying asset. There are many exchange coins or defi coins backed by underlying assets. So, there is no difference with other coins, except meme coins. In this matter, I don't see something special with stable coins. low volatility with stablecoins being the main benefit to continue to attract both individual and institutional interest.
How can the low volatility make people or an institution interested to invest in crypto?Low volatility just makes a lower chance to gain big profits, right?
Volatility is one of the advantages of crypto coins. With volatility, a crypto coin can increase its value very massively.
June 19, 2021, 05:04:09 PM
I don't see any reason why stable coins can take control of Bitcoin during crypto adoption. Not because it has a low volatility or almost fixed price since stable coin mostly pegged to the dollar, they are able to beat Bitcoin in terms of popularity or acceptance of the people. Besides, they are two different crypto with different blockchain and different purposes.
I agree, it is somehow questionable if those stable coins are fully backed by the physical dollar.
Though the problem with this stable coin is their transparency system, they are not always clear as they usually state in their website. USDT for example, some users claimed they aren't fully backed by physical dollar which is a major problem.
I agree, it is somehow questionable if those stable coins are fully backed by the physical dollar.
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