RE: BOLO: Good Algo Stable Coins

avatar
(Edited)

You are viewing a single comment's thread:

Is a "stable-coin bull market" not a contradiction in itself? Under bull market I understand something going up, but the stables won´t go anywhere! Best thing could happen that they don´t crush. But their fate is bound to that of the dollar (for the $-pegged ones) and if that shit fiat money inflates, so do those "stable coins".

h i v e - 1 6 7 9 2 2
0
0
0.000
4 comments
avatar

Is a "stable-coin bull market" not a contradiction in itself?

In theory, yes. But we've seen bull runs for SBD.

0
0
0.000
Reply
avatar

But then it showed they were no real stable coins.

0
0
0.000
Reply
avatar

Well, it also showed that traders can be very irrational. If they've done it for one nominally stable coin, they can do it for another.

0
0
0.000
Reply
avatar

There are two ways a stable coin bull market can materialize.

  • High yields (even 20% is pretty damn high).
  • Adoption of the stable coin burns collateral and spikes the governance token.

I was more talking about option #2 here.
Real Adoption of HBD would easily x100 Hive.

0
0
0.000
Reply