What are the advantages of stablecoins?

[Qlassiqcheeks 66]

The advantage here is that they though the are the crypto and some of us here don't no because they are new member here and also looking for only income

[Enasalshrbaji20 516]

Stable currencies are the ones that will not put much of your money into gear if you invest them. An example is Bitcoin wearing one of the most stable and most traded cryptocurrencies, as well as the US dollar on the world

[usama Asif 73]

Stable coins come with a range of different pro and cons beacuse of their digital programmable and blockchain based nature. Apart from them being safe because of their stability, there are some other advantages include just like bitocoin, stable coins can also be sent via the internet with no regard for countries banks oar any intermediaries. 

[Jasmin123 698]

On 10/10/2020 at 7:09 PM, MiguelA said:

Stable cryptocurrencies offer more security and confidence to investors; although they also have an important weakness, because, although they are programmed to be used in the blockchain, decentralization is not total, as is the case with cryptocurrencies, since stable crypto assets depend on the price of a traditional currency which, in turn, is controlled by a central bank

Yes dear  friend you are right but I think there are many advantages of unstable currency because people get advantage due to the un stability of this currency they can earn a good profit by trading because of this unstable currency and stable currency provides more security and privacy.

[Noyonyt 378]

Thank you so much for the information bro, information is always welcome if the currency ever goes to a good level or a good price becomes a very sophisticated and highly complex process that can fail in critical moments. In the future, if I sell it in the future, I'll make a good profit.

[Steve waugh 610]

First of all I want to thank you for making the comparison of stable coins and the bitcoins.This helped me alot as a beginner.I don't know about this before . Another post in reply was excellent as well.It made wonderful explanation.Thanks .

[Vola1s 727]

I think if we use stable coins for trading, it won't be in our favor, because stable coins don't have high price fluctuations. As traders we need coins that have high price fluctuations so that we can use them as profit in trading. It's not that stable coins don't have profits, if you rely on stable coins as international financial transactions it is very profitable because it is more cost-effective in transactions so stable coin profits are cheaper and more stable transactions.

[JesusFries 1958]

On 10/10/2020 at 10:09 PM, MiguelA said:

Stable cryptocurrencies offer more security and confidence to investors; although they also have an important weakness, because, although they are programmed to be used in the blockchain, decentralization is not total, as is the case with cryptocurrencies, since stable crypto assets depend on the price of a traditional currency which, in turn, is controlled by a central bank.

Stablecoins are not prone to be dumped, like USDT (tether) the price of it is just like a $ (dollar) and it cannot be dumped easily. If you know ADA (cardano) it has a good potential in the market right now because it can be hit the $2 in this coming months, ADA is a stable coin and we can see here that it's worth it to buy some stable coins.

[othmanmosaic2 107]

I don't see stable coins as cryptocurrencies because their values is dependent on that. So it's more like having a mirror version of fiat. The price is always equal to that of a fiat currency. So it is not fully crypto. I love a coin that is fully designed to be crypto.

[kaliphatesani 111]

Stable coins are fiat currencies so you have nothing to worry about. They are always backed by fiat currencies so for this that enjoy trading currencies pairs with fiat then you can make use of this. Also you can also save your money by moving them to stable coins should the market go into a downtrend.

[Harry Potter 870]

hello friend I want to tell you that picture of stable coming and universe on this platform if the price of the Bitcoin and Everytime we are using for trading will stable but very offer an exchange rate is increased and blow 

[Housen salom 216]

My dear friends, this currency has become very important. As for the big companies, they are trading in this currency to save a lot of effort and time, and there are also people who started trading in it. Good luck.

[aliakel131 576]

Yes, it is easier to deal with because it is stable, but it does not provide as much profits as volatile currencies like Bitcoin. In my opinion, beginners should deal with stable currencies before entering the world of trading and constantly changing currencies.

[mhd tello 639]

Welcome, my friend
Of course, independent currencies provide more stability than other currencies and have higher security levels than others
Which, in turn, is next to Bitcoin.

[Tallest 376]

2 hours ago, Normally said:

Therefore when currency pair is stable you will probably lost.

My friend I think the advantages of stable coins is more than the disadvantages because stable coins are usd to store value for example when you invest on a coin and the price seems to be falling then you can convert to stable coins like usdt or usd.

[Ramossss 963]

I think that stable currencies are the most popular and most used currencies among all currencies and they occupy the first ranks in the ladder of digital currencies, so it will be easy to trade in them or invest in them because there are no fears of a sudden drop in the prices of these digital currencies for that and thus do not incur large losses.

[Shadi29 871]

Dear members of this wonderful forum, stable currencies are safer than losing because their purchase maintains the value they set because their price is constant and changes only slightly, such as the USDT currency, which seeks to always be equal to the US dollar

[Sardar sahib 16]

Thanks alot for this information. It is a good information for all beginners.stable coins a type coins which are have more security than others. They  gave investor more security and confidence. So a investor can invest in this platform without any fair and hesitation.gives you an easy access. Helps you secure your money.

[Adam786 560]

I think there is no more advantages of the stable but if they stable for a long time and then their price increase then they can be beneficial for the investors. For example if one coin has stable price then it cannot become the source of profit or loss therefore I think there is no much advantages of the stable coins.

[Tomy2 375]

One main advantage of stable coins I know is that it's very easy to store as you'll not lose any value as time goes on. Also you'll also be able to receive payments as they were made to be paid. Try checking to pay in stable coins for goods online and it'll be easier

[Crypto Eng. 1142]

Stable cryptocurrencies such as Tether are useful in protecting our capital from major losses in the event of a market downturn, and cryptocurrency prices drop, as stable currencies have a fixed value and not affected by supply and demand.

[HumamAliDeeb 590]

The main benefit of investing in stablecoins is that they can be an effective form of risk management. As a hedging tool, stablecoins can help organize your portfolio and act as a form of insurance to counter the more risky investments.Stable currencies can be easily converted into fiat currency, making them a suitable medium between cryptocurrencies.Stable currencies require little monitoring by investors. Thanks to their incredibly low levels of volatility, they can be used to transfer large amounts of funds to offshore accounts without having to worry about unfavorable exchange rates or cross-border fees.Stable currencies are also less vulnerable to penetration than traditional cryptocurrencies. Stable currencies are scalable. Significantly, as there are no fixed reserves.

[Tahir shah 786 0]

Thank you very much for the information, Brother; information is always welcome; it is very helpful for beginners and of great educational benefit to be useful in this great forum called cryptotalk; for my part, it is a great topic of interest. Best of luck to all, and a warm greeting.

[Songoko 333]

Bitcoin prices range quickly and with large numbers from top to bottom and vice versa as well. Some cryptocurrencies remain stable for some time according to their design, so it is necessary to invest first in these currencies to study the market content and gain some knowledge even if we get a little profit.

[Kialiyu 535]

 Just learned about this particular article now because I don't know anything about the stablecoin, so I think I now know better about the stablecoin from the senior members of the platform,  thank you very much for sharing this with us, it's really amazing and interesting.