Post
Topic
Board Altcoin Discussion
Re: What is your opinion on stable coins?
by
havoc928
on 18/06/2020, 06:54:16 UTC
Is those worth investments or waste investments.......?

Because if facebook libra is stable coin then it is wrong investment choice because many crypto investors look for profit coins i mean unlike stable coins they will like coins which get profits.

Stable coins were originally created to do as their names say, to be stable regardless of how volatile the crypto market is at any point in time. Soon, traders took it as an advantage for retaining their portfolio worth in  fiat currencies like USD and reverting back when the price went lower. This is one instance where using stable coins has been profitable. Aside from that, stable coins will be stable coins. In my opinion, Facebook's Libra tokens will be good for the crypto community not because they're profitable (which they aren't) but because more businesses and organizations will get aboard and support for crypto will span across more businesses.
Totally agree! Stable coins were created for store-of-value purposes. When people need a place to keep their capital away from the volatiles of the market. Stable coins don't have a lot of things to do with profit-earning transactions since their value doesn't fluctuate too frequently and dramatically. I think stable coins are the important factors of the market where we can store our money without worrying about losing value.