Topic: Will stable coins take control of Bitcoin as crypto adoption in the future? (Read 553 times)
July 24, 2021, 01:31:31 AM
In the cryptocurrency market, we use stablecoins mainly as a tool for the convenience of working with cryptocurrency. However, they cannot replace the cryptocurrency itself, since stablecoins cannot bring us profit, as we do with cryptocurrencies. Therefore, cryptocurrency and stablecoins are completely different financial assets that practically do not compete with each other.
July 12, 2021, 10:57:11 PM
To answer your question, whether stable coins take control of Bitcoin as crypto adoption in the future or not, I don't think the stable coins will go further like that. As we know, stable coins are pegged to some underlying asset that in practice is ruled by centralized hands. It will be more adopted in the future, yes. But to replace bitcoin I don't think that will happen in this world where decentralization being magnified.
July 12, 2021, 03:46:10 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.
I don't see that happening because I believe the main purpose people invest in cryptocurrencies is because they want to make a profit and Bitcoin has proven and other Alts have proven this to be so over the years, Stablecoins, as we know them, are mainly to save loss in investment when the market dips and people will not naturally invest in stablecoins over Bitcoin except for the fact already stated and if this is the case, Investors will continue to invest more in the volatile coins for the profits instead of investing in stablecoins that is more STABLE, so stablecoins taking control of Bitcoin is a no for me. 
July 12, 2021, 11:52:50 AM
Stablecoins only one part of this growing ecosystem, but their influence and use is growing rapidly. They are now backed by more cryptocurrency service providers, with a market cap of under 25 billion US dollars.
July 12, 2021, 11:38:05 AM
What I can understand is that investors are attracted to cryptos because of their high volatility. For stable coins, for me personally, it's just as a safety when the market is bearish to secure assets so they don't fall too sharply. so i think stable coin can never take over bitcoin. because of the large volatility that makes investors interested in investing in order to get profits in it.
We need to remember why stable coins were created on the first place, before them if you wanted to cash out or as you say to avoid holding your coins during a crash you had no other option but to sell for fiat and this had the problem of having to pay huge fees and you run the risk of your account being blocked for dealing with cryptocurrencies.Stable coins help with this as you can get out of volatile coins and get some stability without having to go directly to fiat and they allow you to get back in the market immediately if you want, so they are useful but they have no potential at all to take control of the market as their volatility is way lower and the fact they are centralized is a real problem as governments could eventually close down the exchange which owns the stable coin and make it disappear that away.
July 11, 2021, 11:45:56 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 makes you think stable coins can take control of Bitcoin ?Stable coins can not help you richer. I know some few days, you can get profit from stable coins but as investors, it is not the best to invest.
Bitcoin is a speculative asset and can help you to get richer in bull trend. Bitcoin can rise 50% but you can see the same thing with stable coins. If stable coins rise 50%, they are not stable and they won't be called as stable coins.
July 11, 2021, 11:34:32 PM
What I can understand is that investors are attracted to cryptos because of their high volatility. For stable coins, for me personally, it's just as a safety when the market is bearish to secure assets so they don't fall too sharply. so i think stable coin can never take over bitcoin. because of the large volatility that makes investors interested in investing in order to get profits in it.
July 11, 2021, 11:30:04 PM
We're still seeing legitimacy looking to build stable coins that are pegged to fiat currencies to further limit the risk and less transparency of cryptocurrencies, while minimizing reliance into fiat currencies and intermediaries. In general, the way for cryptocurrencies in general, or Bitcoin in particular, to become a legitimate currency and a safe asset will still be an open question.
July 11, 2021, 10:34:57 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.
Bitcoin will remain the main attraction in Cryptocurrencies, because by its very nature the value of Bitcoin continues to grow. Stable coins are a complement in Cryptocurrency, when Crypto traders make transactions required stable assets or coins, making it easier for traders to take profits if traded with Bitcoin or other cryptocurrencies, besides Stable coin is also an option to store assets when the market is down or hard to predict. However Stable coin is not the right choice for investment. 
July 11, 2021, 09:39:06 PM
Just incase people haven't noticed, one of the reasons bitcoin is so popular is because it's speculative and volatile.
So what does this mean, if you are a trader and want to make money off an asset, you need one that has big moves and bitcoin fits in well, unlike the stable coins you comparing it to which have unnoticed moves.
So what does this mean, if you are a trader and want to make money off an asset, you need one that has big moves and bitcoin fits in well, unlike the stable coins you comparing it to which have unnoticed moves.
I agree that the purpose of people buying Bitcoin is because the price is volatile, so it can provide an opportunity to make profit. Therefore Bitcoin is
very popular quickly, because it has been proven to provide a lot of profit for people who buy it. Very much different from stable coins which are
the same as fiat, the price does not move too far, it is very difficult to make a profit from stable coins. Most people use stable coins to secure profits
from trading and also avoid losses when the market is bad. So it is impossible for stable coins to take over from Bitcoin, it is too difficult for other coins
to beat Bitcoin.
July 11, 2021, 09:18:46 PM
Stablecoins support crypto market. They are part of cryptocurrency. But people prefer the crypto because the changes in price. Stablecoins can be part of investments, But will never take control of Bitcoin.
July 04, 2021, 01:19:44 PM
No way. stablecoins are like fiat money. there is a reason why they are called stable coins. there value increases due to purchasing power and decreases when not in use. bitcoin is a store of value just like Gold where any one can invest and wait for long term. it is an investment and a long term. Also it depends on what na dhow the investor tends to use it.
What I am worried also about these stablecoins, is their actual assets that are pegged to it. How do we know if the team behind such stable coin is saying the truth about their assets? Because one admittance from this platform that they are not fully backed, you will also lose your funds. It may help in the volatility issue when it comes to payment method, however, you need to make sure that you are dealing with trusted stable coin.
With this in mind I think it is going to be impossible for stable coins to ever take control of bitcoin and this market regardless of what happens.
June 27, 2021, 06:28:11 PM
From a trader's point of view, I guess stable coins don't offer much because the price like you said is stable and bring no value in holding them for longer periods.
It is funny you have contrasting statements, you are telling that as a trader you are using Altcoin USDT or BTC/USDT trading pair which is a stable currency and you still think that it is not offering anything to a trader 
. The reason why everyone is using stable currencies as a trading pair is to hold the valuation when they book their profit and when you are trading in a highly volatile market like cryptocurrency stable currencies are necessary and USDT is not the solution as we need more secure and transparent stable currencies.Earlier most of my trades used to happen in the altcoins/BTC market but now I usually trade in altcoins/USDT and BTC/USDT so indeed stable coins are useful but not from a holder's point of view but as a payment option.
As i mentioned, to hold the valuation you need a stable currency and merchants might like a stable currency but they can always covert payment using payment processors instantly. June 27, 2021, 06:17:34 PM
No way. stablecoins are like fiat money. there is a reason why they are called stable coins. there value increases due to purchasing power and decreases when not in use. bitcoin is a store of value just like Gold where any one can invest and wait for long term. it is an investment and a long term. Also it depends on what na dhow the investor tends to use it.
Stablecoins don't have to depend on fiat money. They can depend on other things like gold or real estate. If we get coins 100% backed by real assets instead of fiat they will be very useful and can take over that part of the market that now is XRP.
For now I don't see how fiat backed stablecoins can be anything but a trader's safe haven.
June 27, 2021, 06:13:49 PM
No way. stablecoins are like fiat money. there is a reason why they are called stable coins. there value increases due to purchasing power and decreases when not in use. bitcoin is a store of value just like Gold where any one can invest and wait for long term. it is an investment and a long term. Also it depends on what na dhow the investor tends to use it.
What I am worried also about these stablecoins, is their actual assets that are pegged to it. How do we know if the team behind such stable coin is saying the truth about their assets? Because one admittance from this platform that they are not fully backed, you will also lose your funds. It may help in the volatility issue when it comes to payment method, however, you need to make sure that you are dealing with trusted stable coin.
June 27, 2021, 05:57:49 PM
No way. stablecoins are like fiat money. there is a reason why they are called stable coins. there value increases due to purchasing power and decreases when not in use. bitcoin is a store of value just like Gold where any one can invest and wait for long term. it is an investment and a long term. Also it depends on what na dhow the investor tends to use it.
June 27, 2021, 04:54:34 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.
No it will not, it will against the main idea of cryptocurrency, being Decentralized. The idea of Stablecoin is only for trader who want to trade their coin.
June 27, 2021, 04:24:59 PM
Just incase people haven't noticed, one of the reasons bitcoin is so popular is because it's speculative and volatile.
So what does this mean, if you are a trader and want to make money off an asset, you need one that has big moves and bitcoin fits in well, unlike the stable coins you comparing it to which have unnoticed moves.
So what does this mean, if you are a trader and want to make money off an asset, you need one that has big moves and bitcoin fits in well, unlike the stable coins you comparing it to which have unnoticed moves.
June 27, 2021, 04:18:40 PM
Although it may possible but I think it won't happen. Because we all know how Bit coin behave in the market. Whenever Bitcoin swing, everybody's coins are almost affected. Stable coins are stable and cannot give much excitement and x20 profit in my point of view.
From a trader's point of view, I guess stable coins don't offer much because the price like you said is stable and bring no value in holding them for longer periods.But from a service provider or marketplace point of view, I guess stable coins can easily take over the market because a lot of service providers I talk to, often tell me that they don't accept crypto because of the price volatility and with stable coins they can easily accept crypto while not even worrying about price swings at all.
Earlier most of my trades used to happen in the altcoins/BTC market but now I usually trade in altcoins/USDT and BTC/USDT so indeed stable coins are useful but not from a holder's point of view but as a payment option.
June 26, 2021, 01:41:42 PM
although bitcoin was the first crypto and had the goal of being a decentralized currency but it would lose if the government released their own stablecoin. A fully legal stablecoin will be easier to accept, which is why it will be fast for mass adoption.
Not really, a stable coin created by a government will be even worse than the fiat currencies we are using at the moment, maybe the average person is going to fall on this and adopt those coins as the sheep they are but for people like us this is going to be impossible.We know the differences between fiat and bitcoin and it is because of this we choose bitcoin, I only keep enough fiat on hand for my everyday needs and for an emergency fund, everything else goes to bitcoin as it does not really make a lot of sense to keep holding fiat when just during the last year governments printed so much money that they are even putting the whole economy at risk with this experiment.
June 26, 2021, 10:22:23 AM
This idea is very useful, but it will take time to implement. In such a case, cryptocurrencies become very valuable and Bitcoin dominance decreases. Not now, but stable coins will be popular in the future. We will monitor these changes over time.
stable coins are assets to secure the money that we use in investing or trading in certain situations.while altcoins have a very fast development, so does bitcoin.
I doubt its popularity will overtake bitcoin in the future. the use of cryptos other than stable coins, such as altcoins and bitcoins may in the future get better trust. even in its use in payment instruments such as digital fiat.
June 26, 2021, 10:16:12 AM
Can't make a dime from stable coins that's why no one cares about them much as highly volatility coins like BTC, I think they can co exists side by side just like today in future, the reason why coins like BTC makes lot of sense if the profit and loss feature.
June 26, 2021, 09:02:02 AM
although bitcoin was the first crypto and had the goal of being a decentralized currency but it would lose if the government released their own stablecoin. A fully legal stablecoin will be easier to accept, which is why it will be fast for mass adoption.
Yes bitcoin is decentralized so there is no government control here so it will take a long time to become a stable currency. Even if the government supports it in the future it will take time to control the digital currency and make it easy for the people. 
June 26, 2021, 08:43:57 AM
This idea is very useful, but it will take time to implement. In such a case, cryptocurrencies become very valuable and Bitcoin dominance decreases. Not now, but stable coins will be popular in the future. We will monitor these changes over time.
June 26, 2021, 08:30:43 AM
although bitcoin was the first crypto and had the goal of being a decentralized currency but it would lose if the government released their own stablecoin. A fully legal stablecoin will be easier to accept, which is why it will be fast for mass adoption.
You mean USDT in ETH platform, I did it once and i paid more fees than the amount i paid for
I see more of DOGE getting mass usage in the future that bitcoin. Since bitcoin will remain as a store value comparable to gold in the future. June 26, 2021, 08:15:10 AM
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.
Stablecoin could overthrown Bitcoin at the most valued coin according to market capitalization but that won't be happening anything soon. Maybe when Bitcoin has exhausted it's hyped then the stablecoin can come in to have a piece of the cake but until then no altcoins van be said to overthrown Bitcoin as without Bitcoin, there's no cryptocurency.
Several altcoins has tried but will keep failing since they're yet to understand how the space was meant to function. Stablecoin has potential in them to get global adoption since they're less volatile than other cryptocurency currently in existence although there has to be billions stored in them for that to be achieved.
June 26, 2021, 05:13:05 AM
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.
I can give you mixed opinions on this matter OP.
There are equal possibilities that stablecoin can overcome BTC and tbh, the potential can be seen in ETH and LTC.
But still BTC is father of all coins.
To come to the level of Bitcoin, the stable coin need to be stand out from the crowd.
If the coin’s marketcap increases gradually and overcome BTC’s rule, then no doubt it will take control of Bitcoin.
June 26, 2021, 05:04:58 AM
It will impact in many ways, the role of stablecoins in this market has been an integral part.
I think stablecoins will have a positive or negative effect depending on the current market trend.
I think stablecoins will have a positive or negative effect depending on the current market trend.
The market trend has absolutely nothing to do with the situation of stable coins. I would love to hear your reasoning that led you to your post... Nah, better keep it to yourself.
Stable coins are a perfect bridge between crypto and Fiat and they will be forever. Just the technology that those stable coins are based on will vary and change over time. There are already several approaches to providing a stable coin, most of which are centralized.
the point of government making CBDC is to take advantage of crypto technology while also preventing it from conquering their economy.
I can't imagine the government letting CBDC running wild without their control, but one thing for sure CBDC not gonna replace stablecoins.
June 26, 2021, 04:04:20 AM
It will impact in many ways, the role of stablecoins in this market has been an integral part.
I think stablecoins will have a positive or negative effect depending on the current market trend.
I think stablecoins will have a positive or negative effect depending on the current market trend.
The market trend has absolutely nothing to do with the situation of stable coins. I would love to hear your reasoning that led you to your post... Nah, better keep it to yourself.
Stable coins are a perfect bridge between crypto and Fiat and they will be forever. Just the technology that those stable coins are based on will vary and change over time. There are already several approaches to providing a stable coin, most of which are centralized.
June 25, 2021, 05:39:05 AM
why not, if people want more stable coins then stablecoins are the right choice. and bitcoin can be an option other than a means of payment. but still even if stablecoins are mass adopted, bitcoin will still be the number one crypto.
yes you're right bitcoin will be the number one as always and no other assets can take control on it.. Wherein stable coin is just for the volatility but of course we need more some of that kind of asset in the space because they're are very useful if we want keep our money safe, especially when there's a problem in the market they're very reliable. June 25, 2021, 04:25:10 AM
Stablecoins have not yet been properly audited and it is still not known exactly how these assets are secured. Although Tether claim that USDT is tied to dollar, the big part of crypto community doesn't trust it. It may turn out as a governmental attempt to destroy cryptomarket from inside but even if it's true I don't think it will work out.
June 25, 2021, 04:09:07 AM
what make people interested in crypto is its volatility, or more like stocks where your money could grow from it, meanwhile with stablecoin as it's pegged with dollar it's not gonna grow as much as crypto or stocks, then if that's the case why take the hard way to use stablecoin as payment method if it's rather centralized and more complicated than using centralized services like paypal?
I doubt stable coin will take control in the future crypto adoption, it's a coin owned by a company where they can freeze your money, no point in using that kind of coin for making payment.
I doubt stable coin will take control in the future crypto adoption, it's a coin owned by a company where they can freeze your money, no point in using that kind of coin for making payment.
June 25, 2021, 03:47:46 AM
It will impact in many ways, the role of stablecoins in this market has been an integral part.
I think stablecoins will have a positive or negative effect depending on the current market trend.
I think stablecoins will have a positive or negative effect depending on the current market trend.
The market trend has absolutely nothing to do with the situation of stable coins. I would love to hear your reasoning that led you to your post... Nah, better keep it to yourself.
Stable coins are a perfect bridge between crypto and Fiat and they will be forever. Just the technology that those stable coins are based on will vary and change over time. There are already several approaches to providing a stable coin, most of which are centralized.
June 24, 2021, 10:30:41 PM
It will impact in many ways, the role of stablecoins in this market has been an integral part.
I think stablecoins will have a positive or negative effect depending on the current market trend.
I think stablecoins will have a positive or negative effect depending on the current market trend.
June 24, 2021, 10:18:43 PM
Stablecoins are playing a very vital role in managing risks and controlling the usual volatility of top cryptocurrencies. And they are doing good business as well but I don't see a future where stablecoins are taking the most control and wading out Bitcoin or any other coins. We have to remember that stablecoins can be compared to the fiat money but digitalized and that is why they are usually backed by values outside of cryptocurrency so they can be stable. Now, we have to be honest, that all of us here in the world of cryptocurrency are not actually here to enjoy stablecoins because there is limited returns in there and overtime since their value is fixed in US Dollar then that means that you are also fighting the usual inflation associated with fiat money. Do we think that if BTC has fixed value, most of us will be here?
June 24, 2021, 09:16:51 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.
adoption in what?, investment or decentralized currency?. when it comes to currencies, stablecoins will be far superior and they will be adopted more quickly than any other type of crypto. but when it comes to investing, bitcoin will always be the number one choice. institutions will make bitcoin the first choice.
June 24, 2021, 05:30:24 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.
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.
But if they convert it into a stable coin, they can buy back with more amount instead of just seeing the price is going down and decrease their money value without doing something.
But well, every trader will have their way to prevent the loss, but the stable coin will not replace bitcoin adoption because people will see bitcoin for the first time than to see stable coins.
People join in cryptocurrency because of bitcoin and not stable coins.
Stable coins are a tool for Bitcoin to see more adoption, not Bitcoin is a tool for stable coins to see more adoption. Stable coins are so far a centralized necessary evil to get cryptocurrencies into the mainstream. Bitcoin is tool volatile and it can't be expected that volatility will go down anytime soon. It may not go down forever because it is a traders' toy by now. You can short it, you can leverage it, you can lend and borrow it and what not. It just isn't stable enough to meet the requirements for a daily medium of exchange.
June 23, 2021, 07:52:10 AM
although bitcoin was the first crypto and had the goal of being a decentralized currency but it would lose if the government released their own stablecoin. A fully legal stablecoin will be easier to accept, which is why it will be fast for mass adoption.
its not easy because btc have gained the trust of the many and they are here because they are into decentralization but there are investors that still buys a stable coins because they are securing the profits that they have in btc . btc helped stable coins and they want btc to die ? but there would be some demand left to their stable coins because it can be used for shoping or for sending money .
June 23, 2021, 02:15:17 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.
But if they convert it into a stable coin, they can buy back with more amount instead of just seeing the price is going down and decrease their money value without doing something.
But well, every trader will have their way to prevent the loss, but the stable coin will not replace bitcoin adoption because people will see bitcoin for the first time than to see stable coins.
People join in cryptocurrency because of bitcoin and not stable coins.
June 22, 2021, 06:45:54 PM
stablecoin is chosen because they are commonly used as pairing in most exchanges. And many people likely prefer to use stablecoins in order to trade, For, stablecoin is clearer to accumulate and more stable if we have been selling or holding.
However, I don' think that it is good to compare with Bitcoin and also take control of Bitcoin. BTC is not controlled by stable coins and also altcoins.
I agree that stablecoin is important, but this is not the center of crypto.
However, I don' think that it is good to compare with Bitcoin and also take control of Bitcoin. BTC is not controlled by stable coins and also altcoins.
I agree that stablecoin is important, but this is not the center of crypto.
June 22, 2021, 05:14:40 PM
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.
Although many altcoins have emerged with various solutions and innovations offered, bitcoin's position has not been shaken until now.
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.
June 19, 2021, 04:26:09 PM
It's always easy to control your risk with stable coins. You have this upper hand against immense liquidation of market and any form of unfortunate situations.
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.
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.
June 19, 2021, 02:41:34 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.
But an investemnt into stable coins makes no sense because as the name already indicates the price of them is stable. The reason why stable coins exist is the need of crypto investors for a save haven currency that is on the blockchain because if you keep your funds as FIAT on a Bank account then you can not react quickly if you suddenly want to buy a certain coin because the price dumped because a bank transfer usually takes 3 days and then the buying opportunity is probably gone. So yes stable coins are an important "tool" within the crypto-sphere but only as a place to park your funds.
June 19, 2021, 01:58:50 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.
OK, and how exactly is that going to somehow allow stable coins to take control of the market? I can understand why stable coins exist and they perform an important function but make no mistake without bitcoin those stable coins will not exist.Also you are forgetting that in the past we have seen some assets backed by another and governments have destroyed those coins, in fact it is interesting they are tolerating stable coins but if one day they decide to not do so anymore they can confiscate a few servers, bank accounts and arrest some people and the coin will die while this is impossible to do to bitcoin.
June 19, 2021, 11:28:14 AM
It would serve as the currency when they want to enter, exit, or just take a look at the market situation without risking too much. I think that's why stablecoin is created in the first place. It doesn't compete with Bitcoin or other chains, it serve other purposes. Even if it takes the first place on the marketcap ranking, people won't buy stablecoin for the sake of holding them.
June 19, 2021, 10:53:43 AM
it won't. I think that you should compare the main purpose of the stable coin compared with bitcoin in term of its usefulness.
The main purpose of stable coin to give an alternative way for the trader to fix the scalability and it has nothing to do with the bitcoin. Bitcoin can be considered as a digital asset like gold and how it is possible for the stable coin to be like that. Stable coin is just a way to bring more people and adopters to the bitcoin. it will not take bitcoin as crypto adoption.
The main purpose of stable coin to give an alternative way for the trader to fix the scalability and it has nothing to do with the bitcoin. Bitcoin can be considered as a digital asset like gold and how it is possible for the stable coin to be like that. Stable coin is just a way to bring more people and adopters to the bitcoin. it will not take bitcoin as crypto adoption.
June 19, 2021, 10:10:19 AM
if what you mean is for payment where volatility is a bad thing, then sure, but the problem with stablecoins that are privately owned, it gives the power to the issuer to blacklist an address and freeze the balance.
it could work with decentralized stablecoins like DAI but right now it's not really widely adopted yet, after all these stablecoins are just smart contract, so it's not gonna overtake bitcoin adoption.
the best thing these stablecoins can do is to become alternative just like any other coins.
it could work with decentralized stablecoins like DAI but right now it's not really widely adopted yet, after all these stablecoins are just smart contract, so it's not gonna overtake bitcoin adoption.
the best thing these stablecoins can do is to become alternative just like any other coins.
June 19, 2021, 09:13:52 AM
adoption in what? if this is for a means of payment, indeed stablcoin has a greater chance. bitcoin is not suitable for daily payments, the price is expensive and the fees are quite large making it less suitable. but stablecoins can do that. bitcoin can do other things, like a very good investment.
June 19, 2021, 08:48:56 AM
stablecoin? look at the name is stablecoin !! do I need to read the definition again here? I think you know too.
try to compare it with the volatility of Bitcoin. then you wouldn't think that institutions keep their finances in stablecoin in the long term. because it will be very useless and not get any profit. not in investing or in a trading system aimed at taking profits. So, in stablecoin, if you continue to make it number 1, where is the growth?
remember!!! stablecoin to stabilize the price when the decline occurs, after the price spikes again, whether to stay in the stablecoin?
try to compare it with the volatility of Bitcoin. then you wouldn't think that institutions keep their finances in stablecoin in the long term. because it will be very useless and not get any profit. not in investing or in a trading system aimed at taking profits. So, in stablecoin, if you continue to make it number 1, where is the growth?
remember!!! stablecoin to stabilize the price when the decline occurs, after the price spikes again, whether to stay in the stablecoin?
June 19, 2021, 08:36:22 AM
Stablecoins would always be supporting coins to crypto market. They would co-exist while people would still prefer the crypto that changes in price. With the rise of DEFIs, people would have more choices and with inter network bridges, stablecoins would just remain as a middle step for conversion or store of value when the market is volatile. Fiat transactions are already cheaper and faster on virtual banking, there's no use of turning every crypto to stable.
June 19, 2021, 08:22:18 AM
If stablecoins are going to be supported by the mobile apps for payment I think it will also be used more than BTC especially when the users and merchants need not to exchange their BTC to their local currency. The transaction fee will also be low probably like the LN transactions.
I'm using the local app we have in our country but the fees to trade local currency to BTC is very high. It'd be attractive to use stablecoins.
June 19, 2021, 08:09:25 AM
Stablecoins are centralized, they have a company that manages the peg, and this company can easily censor transactions or freeze accounts, so stablecoins are more like payment companies than cryptocurrencies. And if payment companies don't comply with regulations they get shut down.
There are also algorithmic stablecoins they are supposed to be decentralized, but these algorithms can be gamed to attack these coins. Recently a stablecoin IRON dropped to $0.7 instead of $1 as the result of its own tokenomics.
There are also algorithmic stablecoins they are supposed to be decentralized, but these algorithms can be gamed to attack these coins. Recently a stablecoin IRON dropped to $0.7 instead of $1 as the result of its own tokenomics.
June 19, 2021, 07:36:45 AM
...low volatility with stablecoins being the main benefit to continue to attract both individual and institutional interest.
I don't see why the low or zero volatility of stable coins would attract retail and institutional investors. USDT and the others are used mainly by traders to move in and out of BTC and altcoins. Exchanges also have the option to trade directly with their bank account nowadays so I don't see the usefulness of stable coins in that case. copper member
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June 19, 2021, 06:36:36 AM
why not, if people want more stable coins then stablecoins are the right choice. and bitcoin can be an option other than a means of payment. but still even if stablecoins are mass adopted, bitcoin will still be the number one crypto.
The majority of crypto user as well as traders are here because of the volatility of the market. People here become interested on crypto due to the possible gain on short period of time. If stable coins will dominate the crypto market, I believe there will be less than market interaction anymore since everything is stable. I believe Bitcoin will become stable once all supply was already mined.
June 19, 2021, 06:26:04 AM
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 makes you think stable coins can take control of Bitcoin ?Stable coins can not help you richer. I know some few days, you can get profit from stable coins but as investors, it is not the best to invest.
Bitcoin is a speculative asset and can help you to get richer in bull trend. Bitcoin can rise 50% but you can see the same thing with stable coins. If stable coins rise 50%, they are not stable and they won't be called as stable coins.
June 19, 2021, 06:25:08 AM
why not, if people want more stable coins then stablecoins are the right choice. and bitcoin can be an option other than a means of payment. but still even if stablecoins are mass adopted, bitcoin will still be the number one crypto.
June 19, 2021, 04:09:48 AM
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.
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