Quote from: Dunamisx on April 01, 2024, 04:54:07 PM

Quote from: BlockchainWizard on April 01, 2024, 04:28:22 PM

We have Bitcoin and it is a very good coin.
Many people are in favor of Bitcoin because it is a store of value and we can hedge inflation against it.

When there is bitcoin, i don't see a reason to of going for stablecoin, we can only hold our asset in it for a while before we exchanger it for bitcoin, there are many advantage in which we can have in holding bitcoin over stablecoin, such could be as it has been highlighted having proof over inflation, we can as well earn profits in holding our asset in bitcoin than when we do with stablecoin, some have believed that stablecoin is just a crypto but has similarities of fiat because of the value and influence of inflation as it has been pegged with USD.

Bitcoin are for true investors who do not fear the market condition. While Stable coins are for people who save their money in crypto backed by fiat. They are scared if the volatility of the market to invest in any cryptocurrency and at the same time afraid of keeping their money in their local banks while it loses its value. So they find a way to store their fiat in a crypto related platform backed by their fiats but i see no sense in that because if is backed by any fiats whenever the price starts dropping in local banks its starts dropping in the crypto space as well.

Whats now the significance of storing in stablecoin when once can invest in a more promising coin.