Topic: Will Stablecoins have a future? - page 7. (Read 16442 times)
of course stable coin have future and not only stable coins but some altcoins too, and every altcoin can start be a stablecoin in any moment
When we talk about the future in crypto currencies, most will think about the big profits they might get. But because stablecoin will always have the same value as fiat (usd in this case) then I don't think stablecoin will have such future. Stablecoin is here to help crypto users when they want to secure their money from volatility but they want to remain in the crypto sphere.
I think that stablecoins have a future. Since cryptocurrencies are very volatile, there must be some kind of stability in this market. Stablecoins just called to be such a guarantor. This is a kind of bridge between the market of cryptocurrency and fiat money.
It seems to me that with respect to the future, stable coins have nothing to worry about, because it has not proved its relevance, even with the current state of the cryptocurrency market. But I use such coins to users of cryptocurrency to minimize their risks and not allow their assets to go to the bottom.
I think that stablecoins have a future. Since cryptocurrencies are very volatile, there must be some kind of stability in this market. Stablecoins just called to be such a guarantor. This is a kind of bridge between the market of cryptocurrency and fiat money.
It seems to me that with respect to the future, stable coins have nothing to worry about, because it has not proved its relevance, even with the current state of the cryptocurrency market. But I use such coins to users of cryptocurrency to minimize their risks and not allow their assets to go to the bottom.
I think that stablecoins have a future. Since cryptocurrencies are very volatile, there must be some kind of stability in this market. Stablecoins just called to be such a guarantor. This is a kind of bridge between the market of cryptocurrency and fiat money.
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For me not, just for investors who has knowledgeable to cryptocurrency they will ignore to invest in stable coin. For them stable coin just for short term trading not use for long term investment, they will choose stock who has had a permission from the government because that place is really safe rather than cryptocurrency especially stable coin. I used stable coin just for short term trading when the price bitcoin meet increasing price, as you know if the price bitcoin fall then many investor or trader will move they money into stable coin like USDT. I guess your question mean is just for the profit that will get by investor for long term investment so I have an answer no, the stable coin will not give a huge profit although we use it for long term investment.
Stable coin have no future mate because volatility is the must when it comes investment ,so no one will trust on it and will try to put money because of being stable and no profits will be made. which is it'l will become useless only on this kind of market IMO.
People are using stable coins and they are pretty useful. I have no doubts that stablecoins have a great future, but the only question is if we really need so much stable coins that are on the market now. We can easily handle our transactions with only several stablecoins. I do not need 20 of them.
in my opinion, stable coins have a bright future.
If the market goes up, we can convert/sell coins with stable coins, and when the market goes down we can buy it again.
If the market goes up, we can convert/sell coins with stable coins, and when the market goes down we can buy it again.
Stable coins with the right intention and having a reserve fund or a backup fund equivalent to the issued coins in existence definitely will have a future. There must be enough fund in reserve to defend the value against a turbulent market, otherwise, it will just be useless and lead to wrecking on investors. I just converted my BCH to USDT since it's showing sign of bearishness against the bullish BTC.
Stablecoins have been considered among many investors to be a safe-haven for crypto's volatility. Ever since Tether (USDT) emerged, several other stablecoins have launched in order to provide people with a wide variety of options to choose from. However, the stability of stablecoins is yet to be questioned since we've seen how Tether has gone below $1 in the past.
NuBits used to be a stablecoin too, but now it has lost its peg to the USD. Which means, that the same thing could happen with most stablecoins out there, since they're traded on a free market.
Nonetheless, do you believe that stablecoins will have a future? If not, why?
NuBits used to be a stablecoin too, but now it has lost its peg to the USD. Which means, that the same thing could happen with most stablecoins out there, since they're traded on a free market.
Nonetheless, do you believe that stablecoins will have a future? If not, why?
I think we need to limit the option for these stable coins in the market. It is not healthy tfor us to use too many stable coins for the benefits of safety because it just creates a division of volume for every stable coins. Also, we might consider these stable coins to have its exact and fixed value because every decimal is important for a huge trader.
Stable coins are called stable because they are pegged to a certain asset or cash that RARELY change in price. That something RARELY change in price DOESN'T mean it does not change in price. Even USD changes in value against other currencies in the forex market, only that it may not be noticeable, USDT may fall below 1$ to about $0.97 and above $1 to about $1.1 ... It is still a stable coin. I stand to be corrected, but that is my opinion
Many applications will require stablecoins, so there is certainly going to exist some demand. If the technology is good enough to endure tied to the stable value, then they definitely have a future.
You may also include traders who tend to trade a lot. As the market condition is quite bearish or the volitality is too high, they need stable coins such as Tether for their exit trade; these stable coins are keeping them losing for such market that is unfavorable for them.
I think a lot of people who are interested in investing crypto due to rapid market movements, and not price stability. they are investing to take advantage of the rapidly changing market conditions, because that way they can get a greater advantage and quickly.probably because until now the role of the crypto most only as an asset investment, not as a means of payment. When crypto is used as a means of payment is of course the stability of the market price should definitely be noticed.
Stablecoins have been considered among many investors to be a safe-haven for crypto's volatility. Ever since Tether (USDT) emerged, several other stablecoins have launched in order to provide people with a wide variety of options to choose from. However, the stability of stablecoins is yet to be questioned since we've seen how Tether has gone below $1 in the past.
NuBits used to be a stablecoin too, but now it has lost its peg to the USD. Which means, that the same thing could happen with most stablecoins out there, since they're traded on a free market.
Nonetheless, do you believe that stablecoins will have a future? If not, why?
NuBits used to be a stablecoin too, but now it has lost its peg to the USD. Which means, that the same thing could happen with most stablecoins out there, since they're traded on a free market.
Nonetheless, do you believe that stablecoins will have a future? If not, why?
Stablecoins are not going anywhere, it will stay as long as cryptocurrency stays and crypto is a forever thing.
As you said stablecoins are safe heaven among many investors and it is 100% true. Investors need such stablecoins and they can't ignore it.
Tether has gone below $1 and it has also gone to above $1. I have seen $1.03 max so far and with a low of $0.94
I think that stablecoins is still the need for crypto market, it has a bright future. Any traders also need it to get their profit when their target reaches. We can't exchange it to fiat in a jiffy to hold profit.
If the development is good, of course stablecoin will have a future, I think this coin has not been widely known, if many supporters for this coin can be sure stablecoin will be more widely known and certainly will have a good future too
i think stable coins will become a trend in the future. many governments will eventually issue their own national currency - pegged stable coins for ease of use and to cope up with advance cryptocurrency/blockchain technologies.
Nonetheless, do you believe that stablecoins will have a future? If not, why?
Stablecoins are great players in cryptocurrency, since it is backed with USD, that could help cryptocurrency adoption, since some investors retail or institutional will start to use some stablecoins to buy crypto, especially Bitcoin. But there are some stablecoins that has lack of transparency, especially what you said, the Theter, special mention to the issue of tether before that it falls below $1 before.
Well, for the very mere fact of protecting investors and trying to achieve more of mainstream adoption. The stable coin has a future in cryptocurencies.
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