Quote from: zero714309 on July 08, 2020, 02:30:42 AM

Quote from: tabas on July 07, 2020, 04:19:36 PM

That's the right description about stable coins but it's not that many of them at all. There are actually a few of them that are popular.

Quote from: Pffrt on July 07, 2020, 04:16:48 PM

Does anyone invest in stablecoin? I have never heard although it's possible to get a little profit sometimes. However, people use stablecoin to fix their profit or stop their loss by converting their coin to stable. There's no other use of stablecoin then this.

Probably a newbie that doesn't understand it if he/she buys it, they will think that they have invested on cryptocurrencies.

You are right, sometimes there are few people who have never or lacked research into the coins that they will invest in and think about if they buy at a good price for long-term even though all of that is wrong. There are still many newbie with minimal information about stable coins.

I have encountered some of them before that they thought that they have already invested as long as they buy a coin of their choice. But the part that they didn't know if they buy a stable coin, there's no volatility in it.
The value remains as is and they can't profit from its movement.