How many stable coins do we have??

[Bigron]

Even with that , after binance has listed some cryptocurrency in its exchanges , some cryptocurrency trends to misbehave and it will be delisted. They have done that several times before .

This is an astute observation. I think this is because some cryptocurrencies are found to be authentic when launched and listed on Binance, but then proceed to rug pull and collapse the coin, leaving the platform with no alternative than to delist the said coin

 

[Sincerem]

This is an astute observation. I think this is because some cryptocurrencies are found to be authentic when launched and listed on Binance, but then proceed to rug pull and collapse the coin, leaving the platform with no alternative than to delist the said coin

That is one of the reason the binance exchanges do not list coin so easily. Binance will make them stay for a certain period of time to see if they are genuinely interested in the future or not. Is very bad for people to play tricks with people's funds .

 

[GIFTMICHAEL]

Their are coins i see in the coinmarketcap list of digital currency features, looking like stable coins. I only know of two stable coins, usdc, and usdt. I don't know if their is any again. But my instinct is telling me that, their are still other stable coins not yet discovered by me. Cos their are more than 4k plus coins in the coinmarketcap crypto list. When you check them via their ranks, you gonna see plenty of unknown coins, both the ones looking like stable coins and the ones without recognition and value. I still don't know if their are other stable coins, but I guess so, their is.

Can any one help me, if their is other stable Cryptocurrency that works hand in hand with fiat currency like the U.S dollar??

Well now I only know about two stable coins that you mentioned above like usdc and usdt that are constant and don't chanhe their like other currency like Bitcoin so these coins change their worth at any time because of ups and downs in currency so this is not stable coin.

 

[Bigron]

That is one of the reason the binance exchanges do not list coin so easily. Binance will make them stay for a certain period of time to see if they are genuinely interested in the future or not. Is very bad for people to play tricks with people's funds .

You raise a salient point. Binance is very stringent on ensuring that only legitimate coins are listed on their exchange, and will put different measures in place to see if the coin is truly authentic

 

[Sincerem]

You raise a salient point. Binance is very stringent on ensuring that only legitimate coins are listed on their exchange, and will put different measures in place to see if the coin is truly authentic

I am in total support of what they have done to check on new cryptocurrency for a specific period of time because. I know people are just trying to scam others and how they enjoy doing this is what I do not know.

 

[Bigron]

I am in total support of what they have done to check on new cryptocurrency for a specific period of time because. I know people are just trying to scam others and how they enjoy doing this is what I do not know.

I concur with your assertion. I think that being extremely cautious with respect to the listing of new coins is a commendable strategy which reduces the proliferation of shit coins and rug pulls.

 

[Laurentta]

I don't know if aby other stable coin that works hand in hand with fist currency apart from the usdt. I feel there are a lot of other stable coins that we don't know about.

 

[Sincerem]

I concur with your assertion. I think that being extremely cautious with respect to the listing of new coins is a commendable strategy which reduces the proliferation of shit coins and rug pulls.

That is a very good strategy from the platform. However according to a crypto expert the era of shitcoins is about to start and we have to be very careful about new coming cryptocurrency as some of them may not be trusted.

 

[Danny4cash]

I don't know of any other stable coins aside Usdt and usdc. If there's any other stable coins aside this two, we would've have been aware. I'm not filling out the possibility though, I still feel the two coins I mentioned earlier are the stable coins.

 

[Bigron]

That is a very good strategy from the platform. However according to a crypto expert the era of shitcoins is about to start and we have to be very careful about new coming cryptocurrency as some of them may not be trusted.

This means that as crypto investors, it is expedient to run deeper background checks on these coins when they are first created. That is what will aid traders in detecting shitcoins and enable them to also spread the word to avoid loss

 

[Sincerem]

This means that as crypto investors, it is expedient to run deeper background checks on these coins when they are first created. That is what will aid traders in detecting shitcoins and enable them to also spread the word to avoid loss

Any cryptocurrency with a very huge circulating supply is a shitcoins and that is what we have to understand. No serious cryptocurrency will have a circulating supply more than 100 billion

 

[Bigron]

Any cryptocurrency with a very huge circulating supply is a shitcoins and that is what we have to understand. No serious cryptocurrency will have a circulating supply more than 100 billion

This submission is extremely factual. Coins which have an almost endless supply and can be mined with consummate ease are red flags for any crypto investor, and so taking this risk is not worthwhile

 

[Sincerem]

This submission is extremely factual. Coins which have an almost endless supply and can be mined with consummate ease are red flags for any crypto investor, and so taking this risk is not worthwhile

Well , some people may Risks little of their money in shitcoins with trillions of circulating supply , not really for long-term purposes but for the main purpose of selling it as the price increases,

 

[Skysaint]

I don't think I know them all but I guess I am only aware of two which is busd and usdt stable coin. That's the coin that most people do make use of right now especially the former.

 

[Bigron]

Well , some people may Risks little of their money in shitcoins with trillions of circulating supply , not really for long-term purposes but for the main purpose of selling it as the price increases,

Ok, then I believe this is a calculated risk, especially since they are using meagre funds to invest in these shitcoins. It is quite a good strategy but it is important to remain disciplined and sell when you have reached your profit target

 

[Joseph555]

there is a case for every fiat currency to have a digital equivalent, not to mention individual institutions developing their own as a cheap and fast means of settlement, JPMorgan's JPM Coin, announced last year, being the obvious example.

 

[nana kwasi]

Is the stability of cryptocurrencies actually stable? From my vantage point, I would say that they are not truly stable because every single one of them, starting with bitcoin and ending with the final one, is affected by several factors and consequently volatile.

 

[Sincerem]

Ok, then I believe this is a calculated risk, especially since they are using meagre funds to invest in these shitcoins. It is quite a good strategy but it is important to remain disciplined and sell when you have reached your profit target

That's just the only way you can succeed if you are trading shitcoins because it might likely goes down anytime and it is always expected that you sell it as fast as possible when you are able to realise reasonable profit . Have you traded it before ?

 

[Bigron]

That's just the only way you can succeed if you are trading shitcoins because it might likely goes down anytime and it is always expected that you sell it as fast as possible when you are able to realise reasonable profit . Have you traded it before ?

I have traded in shitcoins before and the plan behind it is to sell as soon as you have obtained a good profit because it’s volatility is unparalleled. They are also prone to rug pulls so it is advisable to invest what you can afford to lose

 

[Setho]

There is actually a very large amount of stablecoins out there that you did not even know because people do not use them but I will advise that you should just stay with the most popular ones.