Post
Topic
Board Trading Discussion
Re: Bitcoin now a stable coin?
by
Labumi
on 08/05/2019, 11:07:27 UTC

Of course, it's very obviously that there are no correlations between bitcoin and the rest of the stable coins.

For one, the volatility, second who in the hell invest on a stable coin? I mean bitcoin has it's up and down but if you are a holder, you don't need to hedge your bitcoin to stable coin.

So there's so similarity whatsoever, and we have different markets as well. I don't know if you guys have experienced it, but one drawback is that the fees of withdrawing a stable coin is exorbitant, not good for crypto enthusiast.
when the price of bitcoin is already very reasonable, the cost of withdrawal will be very expensive because as happened some time ago when the price of bitcoin touched a price of $ 19k, bitcoin transactions became crowded and it was very difficult to be able to send bitcoins sending bitcoin quickly.