Do we really need stable coins?

[Anarchy09 138]

On 01.01.2020 at 14:15, Delgboke said:

I think if we should look back in 4 years back in cryptocurrency industry, crypto do very well to be stable in the price value, but is very difficult this days to see crypto that's actually valueable, not until we started seen stable coins in the crypto market but there's no change in the value, Do you think we need stable coins? 

It depends on what you mean by "stable". Penalty to stability in the cryptocurrency is that it is worth the coin. For example, the bnb coin is backed by a top cryptocurrency exchange, and the TWT coin is backed by a cryptocurrency wallet. These coins are monitored, promoted, and rewarded for their use.

[d1msolino 24]

We have already found true Stables like BUSD or AMPLE that are linked to USD by the courth of USA. If we don't have stables, so how to stabilize portfolio in blood market periods?

[axelzaarate 78]

If we need stable coins, if in your analysis or if you see that cryptocurrencies are really going down in price, it is convenient to switch to a stable currency. and from there you use it as you want.

[detkyler 50]

We need both types for hold and investing purporses. But must stable is fiat that much stabler than any cryptocoins

[robertyuter 17]

I think yes because yes in order to protect cryptocurrencies from governments that want to control a market. And to be able to quickly convert your cryptos for some other currency that can give you fiat money

[dchaser 575]

The market will dictate whether we need more stablecoins. In the end, the ones with the most adoption will take dominance in the end. Only time will tell and decides itself

[Haseweleh 29]

we need stable coin ? for me yes of course because if price in the market going down and many price coin or token going down too we need stable coin for safe the money .. if don't have stable coin if price in market going down and my money going down too .. maybe i think like that

[Gabriels100 157]

It is important to have a stable currency since this way you have a reference on the value of them. My question is Bitcoin could at some point become a stable currency?

[robik963 10]

There are many stable coins, and there are so many coins or different coins on each exchange. These stable coins are not profitable in time.

[Zeusplay 27]

In my opinion, since when you buy a currency and its value increases before going down you can convert it to a stable currency and you do not lose profit if the currency goes down and you could invest to make profits several times in what I have learned many people do that and generate an excellent amount of course if you know how to invest

[Germanic 19]

If a stable coin is needed, in the world of cryptocurrencies.
I imagine that over time there will be one or another regulation for cryptocurrencies, on the other hand there will be a stable currency for the world perhaps with great value, but not being so volatile (they are just ideas)

[Dydk007 45]

I think that if it is really necessary more than everything in trading, it fulfills a very important function, protecting the value of capital when Bitcoin is very volatile, for me the use of stablecoins is totally necessary

[aaayyy6 7]

of course Yes. Sometimes you need to take a break from cryptocurrency. and transferring money from btc to dollars, for example, is not an option, because you will have to pay a large Commission. At this point, the stable coins are a great help

[marcog045 58]

Stablecoins are necessary  to save a part of our investment , if Btc and Altcoins price  dramatically goes down

[Hmida44 195]

I see that stable digital currencies play an important role in determining the right price to buy and sell, so we find that most platforms have their own currency, although it is somewhat stable, so we find it easy to determine the right price for us in trading

[Reklezz- 0]

One of the best things in the world of cryptocurrencies are stable coins, because they help to diversify your portfolio very well and analyze investments, without having to have everything in a volatile currency such as BTC.
 

[IvanVynyavsky 79]

since I am a trader and not a long-term investor it is much better for me if they are not stable in price, it will allow me to earn more accordingly and will be more profitable for me

[martcoinn 31]

Due to the high volatility in the crypto market, it is necessary to have stable coins, in order to have a stable means of payment.

[mertesemenli1 2]

Yes we need them in the near future but there are lots of bad sayings about usdollar and that must have a negative reaction in uısd base stable coins after 2021

Edited October 4, 2020 by mertesemenli1

[bladexx 63]

Yes, because they allow users to transfer value internationally, in a cheap and fast way, maintaining price stability.

[nhtk68 4]

Sometimes I need it to send funds within exchanges

[Killerju 27]

I think that Yes we need stable coins. To balance your investment portfolio.

[AlexRay 54]

Why do I want a cryptocurrency that mimics USD, CNY, EUR, etc.? Besides trading on an exchange, I can’t think of a valid economic reason. I assert that a stablecoin will naturally develop in the market when economic reasons justify it.

[Desfase 45]

Stablecoins are always necessary, especially those that assimilate the dollar, so we can freeze our profits for when we need them, in addition to what is necessary for stablecoin trading. They are due to learn to use

[Luckey66 13]

Yup bro becau setable coins are needed mostly by traders. The exchanges don't need to hold vast amounts of fiat in their bank accounts to be able to cover traders, they just use the stable coins instead that are claiming to be backed by fiat.. we can use  easy and secure. So stable coin is good

22 hours ago, Germanic said:

If a stable coin is needed, in the world of cryptocurrencies.
I imagine that over time there will be one or another regulation for cryptocurrencies, on the other hand there will be a stable currency for the world perhaps with great value, but not being so volatile (they are just ideas)