Quote from: Bezobraznike on March 08, 2018, 08:54:59 PM

Quote from: rbt on March 08, 2018, 08:10:32 PM

Quote from: Mevz on March 08, 2018, 02:57:30 AM

There is no stable coin here in crypto their prices always based on the very first one Bitcoin. Even bitcoin don't do stable so all its alts are affected. Whale traders have the controls of market since the past few years maybe soon things would change when bitcoin is known all over the world all countries will use bitcoin I think it is the time all alts would had a stable market movement.

Of course there are stable coins in crypto, not all the coins are "pegged" to Bitcoin - Tether (USDT) is pegged to US dollar. And this week was launched True USD (TUSD), another coin which is pegged to dollar. Both of them are stable because their entire circulation supply is backed by the same amount of dollars.

Tether now have EuroTether created on Ethereum platform. They are stable
cause couple exchanges control supply, they are not decentralized, and if you
spent some time reading about them you will see things are not so clear, at least
I have that feeling.
I do not expect price stability in near future. This is a growing technology,
still in beta faze, there will be a lot of up`s and down`s in the future for all
coins, but who hold in hard times will be rewarded in the end.

By its nature, the crypto market price won`t be stable anytime soon, that is the main reason for there this so called stable coins - so far, Tether did his job. I agree with you, these coins are not truly decentralized since the dollars which are pegged to are kept by some companies and I`m reluctant to use them. As far as I know, Tether doesn`t released any audit and there was many rumors about them not actually having the total amount of dollars to back up the USDT minted...