Re: What do you think about stablecoins and price volatility?

Quote from: teddyelwyn on March 13, 2018, 10:02:06 PM

Hey guys, saw this read today about stablecoins and I'm curious what you think about them. Personally not a fan of tether for obvious reasons lol. Heard about the up and coming havven which isn't backed by fiat or gold. All very interesting projects that can lead to everyday transactions.

https://www.forbes.com/sites/shermanlee/2018/03/12/explaining-stable-coins-the-holy-grail-of-crytpocurrency/#71d1bb314fc6

IMO, stable coins and volatility coins have their pros and cons. Stable currencies like USDT help investors avoid losses when the exchange rate drops rapidly; they will exchange to USDT and hold to wait for the exchange rate to bottom and to continue investing. Volatility coins such as Bitcoin, Ethereum, NEO and the rest of the cryptos are volatile; the advantage is that they bring huge profit to investors but more risk to invest.