Post
Topic
Board Altcoin Discussion
Re: Dollar pegged coins
by
clout
on 16/01/2015, 23:27:09 UTC
What is the best dollar pegged coin? Why is it the best?

Why would anyone trade the BTC/(dollar-pegged-coin) as opposed to BTC/USD? The volume is much lower. There is added risk in holding the dollar pegged coin as opposed to USD itself.


You get all of the advantages of a crypto currency (particularly security over private keys) without the volatility of bitcoin. You are also keeping all the value in the crypto space as apposed to putting your money back into fiat. Its a fairly new concept so the volume is still low, but I'd expect adoption to spread as we see lower and lower bitcoin prices.