SuperBitman I think you are the one that is confuse and trying to mislead people here not Sotelorene, saying that shitcoins are stable is totally wrong the fact that some shitcoin dump doesn't make them stable and when we say something is stable it means there is no change in the state of that particular thing that means they are constant but if you check in exchanges today you will see that those shitcoins are always fluctuating ( changing value up and down ) just like Bitcoin. The only stable coin should be tether and USD coin and if I'm wrong JJG will address and correct me but I believe I'm right that no coin is stable and I have stated my reason and the definition is very clear.
One of the reason Bitcoin is seen as a more better coin is because is not a stable coin, however shitcoins are stable they don't grow, they are always moving around same place, and that is why people that invest in them lose, I invested in a particular shitcoin many years ago as soon as it was listed during that week it was running up and down and before I knew it, it became stable till date and that was how I lost my money before
I think you are getting picture about shit coin wrong here, they are not a stable coin, they are as volatile as Bitcoin, and even more volatile, just that they falls more than they rise, and once they dip in price, they hardly recovers back to where they fell from, so that is why those that invested in shit coin are prone to losses than profit.
Nations, state, and companies won't invest on Bitcoin if it was unstable like all this shitcoins, I will still hold unto what I said that shitcoins are stable they just resolve around same price year's after years making it stable.
No, Bitcoin is not stable, it's reliable, and it's because of it reliability companies and nations are investing heavily in it.
There may be some back and forth regarding what is a stable coin or even using the term "stable" to describe a lack of volatility whether we are comparing the asset/currency to cash, or bitcoin or to some other asset/currency.
The mere fact that some crypto currencies (shitcoins) or even bitcoin might have relative periods of stability (or lack of volatility) in their price does not necessarily mean that they are stable in the long term, and surely some coins are specifically designed to be pegged to the dollar so then they might be characterized towards being stable to the dollar except during times in which they might end up losing their peg.
Any of us might choose to allocate in some coin other than bitcoin based on our perceptions of either its possible price appreciation or perhaps its ability to maintain its value relative to the dollar or maybe some other asset, such as gold. So, maybe sometimes we might consider some assets to be safer in terms of whether we believe that they might be able to hold their value or maybe to offset some volatility that we might expect to be in bitcoin's near-term upcoming future might motivate us to allocate some of our bitcoin holdings into some other asset, either for the short term or perhaps over some period of time we might want to hedge our bitcoin allocation that might be other than just putting the value in our local currency, to the extent that some local currencies might be more difficult to get in and out of, and some local currencies might be less stable (or more volatile) than if we were to hold them in USD or perhaps some asset that we believe is largely pegged to USD.
There are many guys in this forum or even following some of these investment versus trading threads who are in their earlier years of bitcoin accumulation, so it likely is not a very good practice for them to be fucking around with moving their bitcoin around a lot or trying to trade it or even overly allocating to other kinds of holdings, whether shitcoins or stable coins, even though some guys might want to hold some of the size of their bitcoin investment in some other assets and/or even in coins that they consider to be pegged to the dollar. For sure, many of the longer term bitcoiners and/or even the guys who have been studying bitcoin for a while suggest that many of us (including those guys in their early bitcoin accumulation phases) need to continue to try to remain focused on ongoingly accumulating bitcoin and perhaps minimizing our exposure to either shitcoins, stable coins, usd/fiat, gold and/or trading...even though surely if we are earning fiat and our bills are in fiat, then it is likely that we are going to need to hold a decent amount of fiat and keep most, if not all, of our emergency funds and/or back up funds in our local fiat or maybe a stable coin that is pegged to the dollar.
It surely could become problematic if we don't recognize and/or appreciate that shitcoins are not necessarily the same as stable coins, even though they might make proclamations of their either being stable, offering yield and/or even proclaiming to have decently good odds of appreciating in value more than bitcoin and/or other places that we might choose to put our value. Guys should try to be careful in regards to how they are considering their own allocations, and also careful to the extent that they might be getting drug into various shitcoins with wrong ideas in regards to what those shitcoins are able to do in spite of their claims of what they are supposedly doing or going to do.
If we are maintaining much of our focus on accumulating bitcoin and engaging in improving our cashflow management practices, then we still might not get overly damaged if we fuck around with shitcoins and/or projects that we believe to be stable and/or offering some kind of yield as long as we mostly limit our exposure to those products to something like 10% or less of our bitcoin allocation, and sure in the end it is up to each of us to exercise our judgment and each of us will pay the consequences (and reap rewards) for our actions and/or our failures to act... and sure, there are several of us who are not fans of shitcoins, yet at the same times, some guys cannot resist getting involved in shitcoins.. and hopefully they are able to limit their damage to 10% or less of their investment into bitcoin.