Quote from: Kimonoe on July 08, 2023, 03:28:17 PM

Quote from: fzkto on July 08, 2023, 02:59:19 PM

Quote from: goaldigger on July 06, 2023, 09:58:06 PM

Quote from: so98nn on July 06, 2023, 08:29:09 PM

Ah well if you really want to consider bitcoin worth something equal then it’s 1 bitcoin = 1 bitcoin stuff. There is no other currency which can compare itself with bitcoin or it stability. The one bitcoin equals one is like considering the values of every product and services in terms of bitcoin valuation. Then we will see the power of bitcoin and its stable value. If Bitcoin is considered the other way around then obviously we will have to keep thinking bitcoin as highly unstable coin all the time. We should not be comparing bitcoin to any coin or fiat for that matter.

This is the misinterpretation by many, they are thinking about Bitcoin as a plain coin and should be backed up by a stablecoin. I honestly trust Bitcoin more compare to any stablecoin and it doesn’t need one just to tagged as an asset because Bitcoin is already an asset. Stablecoin is still controlled by someone so you should not fully trust it, just learn from the failed stablecoin and you’ll see why Bitcoin doesn’t need one.

One way or another, bitcoin is valued in different currencies. In much of the world, for example, it is measured in dollars. Even when you buy something online with bitcoins, the value is still stated in dollars, i.e. in bitcoins it changes according to the exchange rate. Stablecoins were simply created for the convenience of trading on an exchange and have only now become something more.

both of them have their own goals which of course support each other, bitcoin being the main goal is to make a profit, while stable coins are the main goal is to maintain asset stability. so we have to use it appropriately for the purpose of getting a bigger profit. the profit earned from bitcoin can be used to buy our needs by converting them into dollars, and we leave it in a stable coin to wait for the moment to buy bitcoin again, that way we can buy with a little capital and get lots of bitcoin, because we buy when there is a price drop

At first glance this idea is very simple and looks very profitable. But for some reason, only a few people have been able to make a lot of money just by buying cheap and selling expensive. Although bitcoin has clear cycles of when to buy and when to sell. But few people have the patience to wait for several years, especially if bought at a high price. In such cases, you should definitely have stablecoins.