The Shift In Cryptocurrency And How Important Stablecoin Expansion Is
We are seeing a radical shift in the cryptocurrency industry. The emergence of stablecoins is really moving things to another level. It also requires a move in mindset.
In this video I discuss how the "traditional" cryptocurrency isn't really being used as currency. We often see the tokens/coins that people want to moon. This is not how we see economic growth.
The details are in the video.
▶️ 3Speak
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You are right on this and I must say that I overlooked stablecoins and now when the crypto market is weak I see the downside of that. Not only that I would have kept increasing my stables, but I would have had funds to buy other assets when they fall more. Thus any portfolio should have a good portion held in stables to be able to act when the right time comes.
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Stablecoins are really going to be big. This is going to really take off when people realize the commercial and collateralization properties.
We are going to see a great deal of activity. It is why I am spending so much time promoting ideas around HBD.
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With stablecoins we can maintain stability with respect to our money, seeking to protect ourselves from the volatility of the different tokens.
Stablecoins are fundamental in the ecosystem and this is where we have to bet on HBD so that Hive has all the weapons to occupy a relevant position in the market.
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You're killing it again. I'd love to hear your opinion on the EZB and the Eurodollar in this phase of high Inflation and Economic Contraction.
Very good energy within this video, you're in a good mood today?
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The usefulness of stable coin is so much that coins and token needs it as a standard backup.
A pillar of token growth.
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Most people don't understand the financial system and that is a fact. I like the newer model of stablecoins because they don't have to rely on banks and we can even get loans on our assets to generate some cash. I do think that the new model still relies on the old system somewhat because not all coins are backed. Some of them are algorithmic like HBD and there are more things to consider in those situations.
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Thanks for un-educating me from the mainstream propaganda.
If crypto is to truly take over, what will stable coins be pegged to once fiat currency dies??
If Bitcoin is too volatile, what value measurement can be used?
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Summary:
In this video, the speaker delves into discussing the differences between stable coins and non-stable coins in the cryptocurrency realm. He emphasizes the significance of stable coins in building real wealth compared to other types of cryptocurrencies like Bitcoin and Ethereum, which exhibit high volatility and are unsuitable for use as a medium of exchange due to their lack of stability. Furthermore, he critiques the common misconception surrounding inflation and the expansion of money supplies. The speaker highlights the importance of understanding these concepts to facilitate the shift towards stablecoins for wealth-building and practical applications in commerce and business ventures.
Detailed Article:
The video focuses on elucidating the distinctions between stable coins and non-stable coins within the cryptocurrency landscape. The speaker highlights the key features and attributes of stable coins, portraying them as pivotal in enabling the accumulation of real wealth, unlike traditional cryptocurrencies like Bitcoin, Ethereum, and Litecoin, which are prone to significant price fluctuations.
He underscores the critical role of stable coins in fostering economic activities, such as investment, development, bill payments, commerce, and business expansion. Stable coins are positioned as tools for collaboration and mediums of exchange that offer stability and reliability, qualities that are lacking in volatile cryptocurrencies. By contrasting the utility of stable coins with traditional cryptocurrencies, the speaker aims to emphasize the potential for stable coins to facilitate real-world applications and economic growth.
The speaker also delves into the misunderstood concept of inflation and the expansion of money supplies, clarifying that these processes are essential for stimulating economic expansion and supporting business ventures. He critiques prevailing misconceptions around inflation, highlighting the necessity of comprehending the role of stable coins in fostering economic growth and innovation.
Moreover, the speaker delves into the intricacies of the current financial system, shedding light on the control of money supplies by commercial banks and the complexities of monetary policies. By debunking myths surrounding ideologies like the gold standard and gold reserves, he advocates for a deeper understanding of financial mechanisms to drive the adoption of stable coins and advance the evolution of the cryptocurrency ecosystem.
In conclusion, the video serves as a comprehensive exploration of the dynamics between stable coins and non-stable coins in the cryptocurrency realm, emphasizing the transformative potential of stable coins in enabling wealth creation, economic activities, and financial innovations. Through his insightful analysis and critical reflections, the speaker provides valuable insights into the nuances of cryptocurrency economics and the importance of embracing stable coins for sustainable growth and development in the digital economy.