Post
Topic
Board Bitcoin Discussion
Re: Bitcoin - the future stable coin
by
disappear4ever
on 12/11/2018, 01:44:46 UTC
In the past two months, bitcoin's fluctuation very small except for 10/15 accident of USDT, which caused a sudden & incredible price increase of bitcoin/eth, at the same time, many investors dumped their USDT & bought bitcoin instead - hence in fact, bitcoin took the responsibility of acting as a stablecoin, which is very interesting.

Why did they change to pursue bitcoin in such a panic situation? Which kind of true value bitcoin can bring to them? Will bitcoin turn into a real stablecoin in the future? Is it possible for bitcoin to be a popular tool in the payment industry? .....

No way Bitcoin as a role of a stable coin and it will never happen unless some took over the BTC control. A currency can't be considered stable (coin) of behind the scene it's backed by a fiat currency. So your analysis is wrong already. Also it's the whole crypto market that is currently in a "stablemarket".

Do you mean only centralized coin can act as stable coin? Also seems I did not say it can be stable when backed by fiat currency, on the contrary, I totally agree with your A currency can't be considered stable (coin) of behind the scene it's backed by a fiat currency and that is why I said Bitcoin can be the future stable coin.

I guess the whole crypto market is still in a developing stage & still there will be up and down from time to time, Bitcoin will go up for sure, but it will remain relevant stable when reach some dynamic point, together with the mass adoption of cropto currency, that is when we can use them in our real life.