Quote from: traderethereum on June 23, 2021, 07:15:17 AM

Quote from: revilo on June 22, 2021, 12:55:10 PM

Quote from: traderethereum on June 22, 2021, 11:55:36 AM

Quote from: wajik-tempe on June 22, 2021, 04:16:01 AM

I think no, people are hooked up into crypto because the volatiliy of the coins is so agile. A stable coin adoption could be possible but i think not so many people will use it as a daily transaction method due to already many digital wallet that already there nowdays. So i think the unique things about crypto that hooked many people are their price are volatile and people are loving it.

They want to make fast money from the volatility and they will try to search for profitable coins because they know that the stable coins can not give them the profit.
Stable coins help them reduce the losses that can happen anytime, so when they see the price is down, they will convert the coin to stable coins.
Maybe people can also use stable coins as the payment system because the price will not have too volatile compare to bitcoin and altcoins.
The volatility of the bitcoin and altcoin tempt them to make money and convert it into stable coins to save their money.

No, when they see the price is down they do NOT convert to stable coins. They convert to stable coins when they see the price is high and could drop. If you think the price is low you want to get out of stable coins in order to reap the benefits from any increases in coins like Ethereum or Bitcoin.

Some traders do that to save their money value because if they still hold while the price is going down, they will see the value will follow down.
But if they convert it into a stable coin, they can buy back with more amount instead of just seeing the price is going down and decrease their money value without doing something.
But well, every trader will have their way to prevent the loss, but the stable coin will not replace bitcoin adoption because people will see bitcoin for the first time than to see stable coins.
People join in cryptocurrency because of bitcoin and not stable coins.

Stable coins are a tool for Bitcoin to see more adoption, not Bitcoin is a tool for stable coins to see more adoption. Stable coins are so far a centralized necessary evil to get cryptocurrencies into the mainstream. Bitcoin is tool volatile and it can't be expected that volatility will go down anytime soon. It may not go down forever because it is a traders' toy by now. You can short it, you can leverage it, you can lend and borrow it and what not. It just isn't stable enough to meet the requirements for a daily medium of exchange.