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Dai Coin always worth US$1.00

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I recently found out that Dai is a decentralized stablecoin running on the Ethereum blockchain. It aims to always be worth one US dollar.

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That's just a matter of opinion. Bitcoin is the mother of crypto currencies. The Dai coin will hold the value even when the other currencies are going down. Then, you can rebuy the coins at a lower value. That's common sense to me.

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4 hours ago, nitsubosu said:

Of course, not and as far as I know there was a cryptocurrency that was released before bitcoin and it was not successful. I don't remember that coin but you can research it has the problems that bitcoin was able to solve like the double spending. Bitcoin is only goes first if we a talk about a breakthrough on cryptography. I believe that its the community who supports it makes the most of its value.

Hi, I never heard this thing about a Cryptocurrency that exists before Bitcoin. I tried in Google, but didn't get the name of coin and read 2 of the articles too.

https://hackernoon.com/the-amazing-story-of-cryptocurrencies-before-bitcoin-fe1b0e55155b

Can you get the name of coins which were before Bitcoin launch.

For the Op

What could be the profit in buying such coin when it is always of $1. If the price increases or decreases, then people could get profits or loss.

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5 hours ago, Art said:

I recently found out that Dai is a decentralized stablecoin running on the Ethereum blockchain. It aims to always be worth one US dollar.

The buying procedure is complicated and in addition it has a slow-moving. The mechanism is complex with a stable currency covered by a very volatile currency.

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Hahaha!! Fathers don't give birth. Period!!! That the jobs of mothers. So henceforth, BTC gave birth to a whole new world of investing and creating of new financial information. All other Crypto currencies are totally dependent on the value of BTC.

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That's my understanding as well about Dai. Sometimes I wonder what is the best use of Dai? Anyone knows when is the best time to invest in Dai token?

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yes dai and an excellent stablecoin, now there is an excellent opportunity you can do stake on the eidoo wallet (through compound) and get interest of about 8% ...

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El Dai o cualquier otra moneda estable es ideal para refugiarse en los mercados bajistas y así mantener las ganancias obtenidas en grandes aumentos.
Obtuve alrededor de $ 6 gratis en coinbase que cambió a btc.

Edited by BatR70
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                                1 0 US $ EOS https://coinbase.com/earn/eos/invite/08q3vn46     

                                10 US $ XLM https://coinbase.com/earn/xlm/invite/74mpr81f    

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That sound like something interesting. We can buy Dai when Btc is low and sell Dai when Btc is high. I never thought of that strategy. I'm wondering if Dai is the only crypto currency with a stable $1.00.

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image.png.dcc74f03ca0b3afc40f21b46173f1af1.png

What exactly are you doing here .... except for COPY/PASTING looks like you are talking to yourself .

Random generic comments for peanuts

 

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2 hours ago, phabulu said:

It's to avoid loses I think, you only lose if first inflation goes crazy, dai aways worth 1$, so it's good to trade, btc up, you buy dai, btc fall you sell dai and buy btc

Who will do that thing, why people want to sell DAI when they are in loss? Any idea. Your suggestion is good, but we all are here to make profit without loss.

Buy Dai when BTC is low

Do you like to sell during that time?

sell Dai when BTC is high

Do you like to buy When BTC is high?

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stable coins will always be like that,
if more than 1 usd, maybe a little difference, not until it falls or rises very sharply,
stable coins are used to secure assets from a severe market dumb.
but unfortunately now a lot of stablecoin that appears, and the severity does not have a clear back up.


 

 

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8 hours ago, hexwin said:

image.png.dcc74f03ca0b3afc40f21b46173f1af1.png

What exactly are you doing here .... except for COPY/PASTING looks like you are talking to yourself .

Random generic comments for peanuts

 

I was responding to a member's comment on the Dai coin. I've just learned how to reply to a specific comment like yours. It's all good now.

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1 hour ago, Dot1988 said:

here is some action starting on a new exchange i have listed below. come on over and join in. �the dev should update the op soon.

what are you talking about? I don't see anything that you are referring to. What is the name of this new exchange? Which country is it set up in?

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There are many stablecoin like DAI, and that is what is called stablecoin
Stablecoin will continue to be 1 $ and become one of the favorite trading pairs that I use

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27 minutes ago, yukihirasoma said:

There are many stablecoin like DAI, and that is what is called stablecoin
Stablecoin will continue to be 1 $ and become one of the favorite trading pairs that I use

I thought that Dai was the only stablecoin. Can you give the name of another stable coin? I will be surely interested in knowing more stablecoins. Do they all worth $1?

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On 10/8/2019 at 11:11 AM, Art said:

I recently found out that Dai is a decentralized stablecoin running on the Ethereum blockchain. It aims to always be worth one US dollar.

I dont think so all stablecoin has not stay in $1.00 it may up a little or may down a little,thats because it was traded thats the essence out of it most of all stablecoins, backed or pegged in US$ is not stay in exactly $1.00 US$ USDT,USDC,TUSD, etc. and DAI is not excempted of this truth.

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31 minutes ago, zaka said:

My brother can not be any work to settle in one price all the time no matter what because it has to increase demand for them, which leads to rise and vice versa when increasing supply

As stated on Coinbase: "Dai is a stablecoin that aims to be worth exactly one US dollar." It has a stable price because it "is made possible by one of the world’s largest decentralized applications, an open source project called Maker."

1 hour ago, ProWas said:

Interesting that DAI is stablecoin... i like it all the more now. If they think its worth a dollar I am getting them on the cheap now. 

Very interesting. Do you want to share how it is that you are getting the Dai token cheap.

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10 hours ago, Art said:

I thought that Dai was the only stablecoin. Can you give the name of another stable coin? I will be surely interested in knowing more stablecoins. Do they all worth $1?

There are many stable coins besides DAI, namely USDT, TUSD, USDC
Only that much stablecoin I know for now and of course they are always worth 1$

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10 hours ago, icycool said:

I just checked it on google and its price is 1.02$. It's not exactly 1$ it seems. Sometimes 0.98$ sometime 1.02$. I wonder how long it can remain stable. Steem SBD is 0.71$ now. 😒

I believe it will maintain its $1 status. The developers say it will not lose its value because of the way the program is design. 

5 hours ago, tokensandtokens said:

What's stopping its code from vulnerabilities like last time? DAI could lose its stability again.

The way to answer your concern is to watch the attached video. 

 

 

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31 minutes ago, rajib7970 said:

If you invest in these coins you will never face losses in USD.

No one thinks that they are investing in these coins. Stable coins are only useful in short time trade to leverage the market. 

6 minutes ago, davids said:

Technically, it is backed by fiat. stablecoins seek to decrease the volatility so often seen in traditional cryptocurrencies. 

Well stable coin can have a little volatility and risk too. Remember years ago the rumor going around tether and bitfinex? People were really worried to use tether that time and it really dropped 2% to 3% at that time.

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there are many well known stable coins out there, like tether and pax and true usd and much more

what this one has to do among them ?

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On 10/8/2019 at 6:11 AM, Art said:

I recently found out that Dai is a decentralized stablecoin running on the Ethereum blockchain. It aims to always be worth one US dollar.

So Dai coin is a stable coin. It has some serious competition since there are many stable coins out there and the market is getting flooded. They will have to do a lot to stand out from the rest

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On 10/8/2019 at 4:11 AM, Art said:

I recently found out that Dai is a decentralized stablecoin running on the Ethereum blockchain. It aims to always be worth one US dollar.

I believe that's the aim of stable coins. You can always use them to retain the value of your crypto assets instead of letting the Worth drop as price goes down, you can use buy into stable coins and buy back to BTC or ether and to any other coin/token that's not paired directly to them. 


Earn free Ethereum every 1 Hour

https://free-ethereum.io/?referer=243721

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On this day, retail sales volumes and preliminary business activity (PMI) indicators in various sectors of the UK's economy will be known.   USD/JPY: BoJ Changed Nothing but Promised Changes in the Future   Unlike the Bank of England, the Bank of Japan (BoJ) meeting has already taken place, and its results were announced last Friday, 14 June. The yen's weakness in recent months has negatively impacted Asian currencies. In March, the central bank made its first move – raising the rate for the first time since 2007 (since 2016, it had kept it at a negative level of -0.1%). The regulator also abandoned the targeting of 10-year government bond yields. Investors closely watched the Japanese central bank for hints on whether it would further unwind monetary stimulus.   But for now, the BoJ decided not to change its accommodative monetary policy, maintaining the current pace of bond purchases at around 6 trillion yen ($38 billion) per month. However, it promised to present a plan for their gradual reduction at the next meeting in July. "We decided to subsequently reduce the volume of our purchases [within one to two years] to ensure more free formation of long-term interest rates in financial markets," the central bank statement said. At the same time, the regulator announced that it would gather market participants' opinions before making a specific decision.   The deposit rate for commercial banks was also left unchanged – officials unanimously voted to keep it in the range of 0.0%-0.1%, as expected. From this, experts once again concluded that the BoJ would not rush to tighten its quantitative easing (QT) monetary policy.   The French bank Societe Generale believes that given the pressure from the government due to the weak yen, the most likely scenario will be a reduction in bond purchases starting in August, with their purchases decreasing every three months and reaching zero by November 2025. Additionally, according to Societe Generale economists, the BoJ may raise the discount rate in September this year.   Of course, USD/JPY could not ignore such events of the past week as the US CPI figures and the Fed meeting: its fluctuation range exceeded 240 points (155.71 at the low, 158.25 at the high). However, the five-day result was not so impressive: starting at 156.75, it ended at 157.37.   Experts' forecasts for the near term look like this: not a single vote was given for the pair's southern movement and yen strengthening, while the remaining votes were evenly split: 50% pointed north, and 50% remained neutral. As for technical analysis, all trend indicators on D1 are coloured green. The nearest support level is in the 156.80-157.05 zone, followed by 156.00-156.10, 155.45, 154.50-154.70, 153.10-153.60, 151.85-152.15, 150.80-151.00, 149.70-150.00, 148.40, 147.30-147.60, 146.50. The nearest resistance lies in the 157.70 area, followed by 158.25-158.60, 160.00-160.20.   No significant economic statistics releases for Japan are scheduled for the upcoming week.   CRYPTOCURRENCIES: The Present and Future of Bitcoin Depend on the USA     In the absence of independent drivers, the crypto market has recently followed the dollar, which in turn follows the Fed, which follows the macro statistics from the USA. BTC/USD is like scales, with the main cryptocurrency on one side and the US dollar on the other. The dollar became heavier – bitcoin became lighter, and vice versa. On Friday, 7 June, strong statistics on the US labour market were released – the dollar became heavier, bitcoin lighter. On Wednesday, 12 June, it turned out that inflation in the USA was decreasing – the dollar weakened, bitcoin became heavier. And in the evening, the Fed calmed the markets regarding the interest rate – and the scales swung back. Just look at the BTC/USD and Dollar Index (DXY) charts – the inverse correlation leaves no doubt. In recent days, the flagship of the crypto market has lost about 7% in price. And the reason for this is the aforementioned monetary policy of the US Fed. Enthusiasm was not added by the fact that bitcoin-ETF inflows broke a 19-day streak. On 11 June alone, industry funds lost almost $65 million. The reasons are the same. They can be supplemented by the upcoming summer holiday season – a period of correction and lull in financial markets.   Traders note that recently, "digital gold" has been trading in a narrow range between $66,000 and $72,000. One of the popular market participants considers the lower mark an ideal entry point, while entry at the upper boundary of the range, in his words, carries high risk. MN Capital founder and analyst Michael van de Poppe does not rule out that pressure from sellers will persist in the near future. In such conditions, bitcoin may correct to $65,000 and even lower. However, van de Poppe does not expect a deep price drop. According to him, a large amount of liquidity is concentrated around the $60,000 area. This suggests that this level now acts as a strong support area, and positive dynamics can be supported by geopolitical instability.   According to surveys, more than 70% of the crypto community believe that BTC is on the verge of further growth. For instance, trader Captain Faibik is confident that bitcoin is preparing to break through the "expanding wedge" technical analysis pattern. According to him, breaking its upper boundary will open the path for the cryptocurrency to rise above $94,000. Trader Titan of Crypto, in turn, expects bitcoin to reach $100,000 this summer. The growth prospects of BTC are also indicated by the activity of large investors. According to industry representatives, whales are actively entering long positions on bitcoin. Cryptoquant CEO Ki Young Ju clarified that the $69,000 level has become particularly attractive for large investors.   New Binance CEO Richard Teng, who replaced Changpeng Zhao, believes that bitcoin will soon exceed $80,000. Teng associates the potential new high with the work of spot BTC-ETFs, which have strengthened trust in the asset. The Binance CEO also allows for the legalisation of cryptocurrency if Donald Trump is elected President of the United States. Declaring himself the "crypto president," Trump said in May that the USA should lead the global crypto industry.   However, at present, cryptocurrency regulation measures are in the stage of development and implementation, which restrains investments. According to experts, current investments should be considered test cases. It should also be noted that spot ETFs have attracted significant liquidity only in the USA – there is no similar interest in most countries.   According to billionaire Mark Cuban, the attitude towards cryptocurrencies will be a key difference between US presidential candidates Donald Trump and Joe Biden, although neither understands this issue. "Do you really think [Trump] understands anything about cryptography other than making money from selling NFTs?" Cuban asked. And he answered himself: "Neither of [the candidates] understands. But I've said many times that Biden will have to choose between [SEC Chair] Gary Gensler and crypto-voters, otherwise it could cost him the White House."  According to Bitfinex crypto exchange analysts, bitcoin's price could rise to $120,000-125,000 within a few months to half a year. Similar figures are named by BitGo crypto trust company CEO Mike Belshe. In his opinion, by the end of 2024, the first cryptocurrency will cost $125,000-135,000, and one of the catalysts will be the high level of US government debt. "Our macroeconomic climate continues to confirm the need for bitcoin. Undoubtedly, US government debt is out of control. [...] This situation supports the idea that bitcoin is the gold of the new generation," Belshe said.   He also noted that the US dollar is losing its position as the world reserve currency due to US foreign policy. The BitGo CEO believes that the country uses the dollar as a weapon and a means of manipulation. "Thus, the US debt crisis is one, foreign policy and sanction control is two. And BRICS offers alternative payment systems. [...] This is the story of why bitcoin exists," he concluded.   At the time of writing this review on the evening of Friday, 14 June, BTC/USD is trading at $65,800. The total crypto market capitalisation is $2.38 trillion ($2.54 trillion a week ago). Bitcoin's capitalisation has reached a solid $1.30 trillion, which, as experts warn, reduces the effect of future inflows. Pessimists say the asset is already "overheated," and to reach $125,000, its capitalisation must almost double. In their opinion, such a colossal influx during the overbought period is unlikely, so one should expect a correction and subsequent consolidation. The possibility of such an outcome is also hinted at by the Bitcoin Fear & Greed Index: over 7 days, it fell from 77 to 70 points and moved from the Extreme-Greed zone to the Greed zones. NordFX Analytical Group   Notice: These materials are not investment recommendations or guidelines for working in financial markets and are intended for informational purposes only. Trading in financial markets is risky and can result in a complete loss of deposited funds.   #eurusd #gbpusd #usdjpy #btcusd #ethusd #ltcusd #xrpusd #forex #forex_example #signals #cryptocurrencies #bitcoin #stock_market   https://nordfx.com/ 
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