Topic: Your favorite stablecoin?? - page 9. (Read 21250 times)
I'm not really sure there is a stable coin I fully trust at the moment. There are a couple that I believe are relatively promising but its the issue with scaling that doesn't seem to be any closer to being solved. The liquidity needed to be a secure stable coin that could potentially support the market will be absolutely huge!
Changes value every minute is the only constant in crypto currencies, well my best token right now is Ethereum, it's very useful as a gas in my wallet.
Won't be the first crypto/token to attempt a pegged currency. Tether's dominance might have showed the way to all these projects but its spectacular failings should also present a strong case for saying that they simply don't work and cannot be sustainable.
Volatility is probably something that can't be avoided with something so new. It will take many, many years for bitcoin to mature as a "store of value" - this volatility will always be there for as long as the majority of bitcoin and crypto users continue to see it first as an investment asset and as a speculatory trading commodity. The same patterns can always be seen with new currencies. I myself was very familiar with using one of the world's newest fiat in the South Sudanese pound. It was enforced as a means of payment but ultimately fell victim to trading speculation, with people still preferring to use other currencies, even preferring bartering to paying/receiving it.
Volatility is probably something that can't be avoided with something so new. It will take many, many years for bitcoin to mature as a "store of value" - this volatility will always be there for as long as the majority of bitcoin and crypto users continue to see it first as an investment asset and as a speculatory trading commodity. The same patterns can always be seen with new currencies. I myself was very familiar with using one of the world's newest fiat in the South Sudanese pound. It was enforced as a means of payment but ultimately fell victim to trading speculation, with people still preferring to use other currencies, even preferring bartering to paying/receiving it.
theres no such thing as stable coins when were talking about cryptocurrency because every single crypto is intedly made to be a volatile coin. we dont need stability because we cant just posibly earn a profit if all of the coins became stable. you should better convert your coins to usd or any local currency in order to avoid the dangers of being a volatile. usdt is also good alternative in order to secure your profits from constant fluctuations.
I had some interest for Tether, but I have seen some negative speculation about that, so I didn't look for that anymore. The nearest Crypto-Currency to stability that I reach now is DogeCoin. Not so stable, but at least well known already to know it's not a farse and that there isn't anything behind it.
I'm not a fan of these fixed conversion rate coin/token like Tether. The same with LTU_btc, I always prefer my own local fiat currency if I want a "stable" status for my investments (PHP).
Also, AFAIK there's no local exchanger for them that's why it could take a longer process for real life usage. (Ex. bitcoin -> Tether -> if I need php / instead of bitcoin -> php )
Also, AFAIK there's no local exchanger for them that's why it could take a longer process for real life usage. (Ex. bitcoin -> Tether -> if I need php / instead of bitcoin -> php )
Nothing turns back with stable coins. Crypto's nature is pumps and dumps. There were the real profit is seen. If the crypto is stable, then i would prefer my own local fiats then a stable coin. And if all crypto coins are going to have a stable value, I don't think everyday we would have a new ICOs coming in and more investors falling in crypto market. So fluctuation in price is the main source of crypto's growth.
I'm not a fan of these fixed conversion rate coin/token like Tether. The same with LTU_btc, I always prefer my own local fiat currency if I want a "stable" status for my investments (PHP).
Also, AFAIK there's no local exchanger for them that's why it could take a longer process for real life usage. (Ex. bitcoin -> Tether -> if I need php / instead of bitcoin -> php )
Also, AFAIK there's no local exchanger for them that's why it could take a longer process for real life usage. (Ex. bitcoin -> Tether -> if I need php / instead of bitcoin -> php )
Been seeing a lot of talk about stablecoins lately like this article: https://www.forbes.com/sites/shermanlee/2018/03/12/explaining-stable-coins-the-holy-grail-of-crytpocurrency/#432e3ce84fc6
What do you guys think about them? My personal favorite would be Havven since they're not pegged to fiat or gold and is trustless.
Never used any of these stable-coins. When I need stable coin, I use USD.What do you guys think about them? My personal favorite would be Havven since they're not pegged to fiat or gold and is trustless.
I'm trying to stay away from USDT. After reading a lot about it, I can't trust them and I'm really sceptical about it.
Never heard about Havven? Which exchanges have it? I would like to see more information about, because I tried tosearch and didn't found anything.
Been seeing a lot of talk about stablecoins lately like this article: https://www.forbes.com/sites/shermanlee/2018/03/12/explaining-stable-coins-the-holy-grail-of-crytpocurrency/#432e3ce84fc6
What do you guys think about them? My personal favorite would be Havven since they're not pegged to fiat or gold and is trustless.
What do you guys think about them? My personal favorite would be Havven since they're not pegged to fiat or gold and is trustless.
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