Post
Topic
Board Altcoin Discussion
Re: The use of stable coins or no?
by
Moeda
on 27/01/2020, 19:19:41 UTC


This means that with a stable coin we do not need to sell Bitcoin into fiat currency, so we can immediately make real transactions using stable crypto. I think this is an amazing idea. And I hope this works. Because the current use of crypto is not optimal. Only rely on the exchange between crypto with crypto.
but are you aware of what is happening now makes the growth of crypto value, especially altcoin, disrupted by the presence of stable coins? we used to trade with every trade using BTC or ETH even with other large coins. but now you can see how USDT or other stable coins disrupt altcoin growth. we don't need to save altcoin when we trade BTC using USDT. and for daily trading, of course, it will be more profitable and safer.
but what you need to remember is that stable coins in the crypto market are still crypto. they have movements that are affected by trading and the crypto market situation. they are not fiat like the ones in your wallet.
Yes, you are right. Indeed the presence of a stable coin kills many altcoins in the context of trade. But we cannot control stable coin growth. If we look, every day the growth of stable coins is increasing, for example USDT. Is this thought by altcoin experts. In fact they support stable coin growth. We as traders have no problem with this. Even this will have a positive impact on us.