Post
Topic
Board Altcoin Discussion
Re: Will stablecoins be the future of cryptocurrency?
by
imstillthebest
on 14/04/2020, 23:58:25 UTC
I really like stable coins you can make good profits by putting them in stakes and with this crisis for the virus they are an excellent safe haven alternative to cash / fiat
indeed only stable coins can still survive when there is an outbreak of this corona virus, but I am sure stable coins will not be able to provide much profit like bitcoin and other altcoins because the price increase depends on fiat price movements.

Yes stable coin is immune from market fluctuations as its value depends on fiat i.e USD, but I don't think fiat will ever be used for investment purpose as it's just used to store value during uncertain market situations to avoid losing money or while trading stable coin can be used but it can never gain status of other crypto coins.

still an investment as long as you start purchasing and hodling them but not a kind of a profitable investment due to thier stability  .

stable coins  can withdstand any crisis even the toughest ones like corona  , thats why they can be a future aside from that  . they are also stable and as good as fiat money that is best for purchasing items and for paying/recieveing money .  still other unstable cryptos are a good option if we want to earn