Do we really need stable coins?

[Man 741]

13 minutes ago, Preadator889 said:

We do need stable coins because they can help us keep our money safe in cryptocurrencies, instead of keeping them at the bank. The advantage of stable coins is that you can keep your money safe without risking to lose their value like other cryptocurrencies

I give you a good reputation, thanks to your answers that really fit my thinking. This is the exact reason we need stable coins, why do we have to convert to fiat. If later we trade again.

[ProjectJourneyman 170]

I'm pretty sure that if bitcoin had stable prices, many more people would be interested in SPENDING it, rather than investing in it.  Investing and spending require opposite things with crypto:  it's hard to spend if the price in crypto changes continuously.  It's hard to even know how much you have.  That has kept a lot of people out of crypto.

 

Stable coins allow for actual purchases.

[Sapdrx 469]

Well I think that stablecoins combine all the benefits of efficient crypto transactions and fiat. I therefore think that especially for foreign payments stable coins are very interesting.

[bitcoinb 1359]

On 1/1/2020 at 12:15 PM, 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? 

I don't know if we (users) really need it but it's a simple way for traders to avoid some losses. It's also a good thing for companies for protecting their business profits from market fluctuation.

[teminalibug 309]

11 hours ago, Sajib Chakroborty said:

no I don't agree with you on that matter we don't need any stable coin because if every coin gets stable we can not get money from trading. That's all I can say about the topic.

But you agree that we do need some coins to be stable, so that we keep our money safe dug red market. Because not all time we should focus on profit we should also focus on risk management.

[Amir Vao 341]

On 1/1/2020 at 8:57 PM, Sid said:

I think I need it to transfer assets between exchanges and if I want to buy something with cryptocurrency, then a stable coin is needed. 😁

Stable currency is very important to us. We need stable currencies because if we have a problem with transaction fees, we can use the stable coins to reduce the fees and earn more profits.

[Zezo 306]

What is the benefit of having a stable currency and how do we win if the price of currencies is fixed? We need a currency that changes its price and conducts buying and selling deals and reaps profits

[Zezo 306]

19 minutes ago, ytookag said:

Ultimately, it is up to the person to create the call on whether to contribute in stablecoins or not. And future occasions will legitimize the choice.

Do you think that the profit from price fluctuation, that is, trading is illegal?
The basis of our work here is to take advantage of the high and low prices

[teminalibug 309]

21 hours ago, corbarbsi said:

But, the values of these cryptocurrencies change always and in spite of the fact that these virtual implies for monetary standards expected to help in more secure exchanges; their esteem is regularly beneath examination. We require see no further than Bitcoin to urge a clear picture how unstable crypto resources truly are.

Some coins are extremely unstable but for me all coins are stable for investment fore as long as they have a potential of reaching higher ATH.

[lharost 1526]

Stable coins are safe heaven and traders want something solid like stable coins to hop on if they think having their money in the market at the time is risky so they are useful.

[Ridam 7455]

I don't think the price fluctuations is a bad point, we can get huge benefit from the price up and down of coin and with it's unstability . The one thing that we have to know is when to invest? If we do Invest in right time we can benefit so i am happy that Crypto isn't stable.

[Khancrypto 28]

Stable coins are important coins in trading because whenever the market go down we have to convert our assets into stable coins because of losing money 

[AlexMia 17]

It would be nice to have more stable coins. Because it seems to me that if you invest in stable coins, you can not worry that the price of this coin will drop significantly.

[Emmaxogi 33]

Yes, we complete ... if we plan crypto currencies to be satisfactory for day to day purposes, at that time we want stability. Why use up your riches in our day once you contemplate it will dual in price subsequently week? instability is fastidious for investment purposes, but not for manufacture crypto money acceptable and constant for the common public.
 

[PiroSense 2681]

On 1/1/2020 at 7:15 PM, Delgboke said:

Do you think we need stable coins? 

There is more to stablecoins than its stable valuation. This very low volatility makes it a safe storage of value. For example, as a trader, you entered the market (Bitcoin) @7,000 USD, then the price got up to @10,500 USD. You can convert your BTC to stablecoins like USDT to preserve your almost 50% gains, since you exit the market at a greater price.

 

Since it is cryptocurrency to cryptocurrency, there would be less hassle than cashing out USD from an exchange.

[duncun007 3577]

those who say we dont need stable coins must have not had any interactions with market dumps because without stable coins we will be losing a lot more money.

[DokAgsikap 145]

On 1/1/2020 at 7:15 PM, 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? 

Yes offcourse ! when you are into trading you will always look for the stable coin to invest so that it will be good for long term investment and it will be also good for your assets.

[doanvahauvk 34]

I think in my idea will need a Stablecoin because for me some Stablecoin is able to provides comfort trading without phobia of severe dump prices. Even tether become the most token of trading volume in trading. become for me stablecoin is also important in terms of transaction costs already.

 

[lharost 1526]

Stable coins are the absolute essential coins in a such a volatile market like crypto and I think we should have some euro and usd stable coins to use when necessary, 

[teminalibug 309]

On 3/6/2020 at 4:20 PM, lharost said:

Stable coins are the absolute essential coins in a such a volatile market like crypto and I think we should have some euro and usd stable coins to use when necessary, 

There are a couple of USD based stable cons, but i have never seen Euro ones, though i think is enough, we don't need a bunch of them either.

[jacker 1095]

I think I don't need the stability of cryptocurrencies. I like its volatility, because its volatility makes it a lot more valuable, if it's stable I think it's safe but it's going to be boring.

[bitcoin-shark 1928]

in my opinion instead stable coins are very useful for a dual purpose to safely exit day trading and keep the gain and the second to stake them since they have high percentages of earnings...

[Juanaespinoza 139]

Yes, stablecoin is a great success, since it is a good way to take refuge and protect yourself from the falls in the price of cryptos. What if there are many lately, I think that with 2 or 3 of this type is enough considering that they have a stable value.

[Trader21 1199]

Stable coins are necessary and without the stable coins, everyone will rush to withdraw the fiat money from the crypto exchanges. The huge demand of stable coins also let the same traders to but the sold coin again before the bull market.

[Brushless4500KV 4214]

18 minutes ago, lovecrypto19 said:

With the current decline in the crypto market, that means many people keep coin values stable. With that we have found the answer, Yes we need a stable coin.

Stable coins are always needed whether we are in a disaster or not. Anyone who deals with volatile currencies needs a stable coin to keep and preserve the value of his money. People use stable coins to prevent from using fiat currencies because stable coins are crypto coins that are backed by USD and are safe for storage. In short, stable coins are for those who are seeking for stability in the world of cryptocurrency.