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/biz/ - Business & Finance

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25977391 No.25977391 [Reply] [Original]

if its supposed to be a stable price, why do people buy coins pegged to USD, an inflationary currency?

>> No.25977424

>>25977391
Because AMPL failed at it's job.

>> No.25977453

>>25977391
these are used to facilitate (to lube) operations with exchanges, maybe some of them run some sort of scam on them too

>> No.25977503

Because no taxes and it's easier to move between exchanges.

>> No.25977507
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25977507

this is why

>> No.25977576

>>25977391
BECAUSE THEY KNOW NOT WHAT THEY DO
-Psalms 82:5

>> No.25977824

>>25977391
Hedging. Swapping into Stable Coin is the same as selling Bitcoin. If you sell your Bitcoin it's because you expect the price to go down so you can buy back at a lower price

>> No.25977951

Because sometimes (in the short term) cryptos lose value faster than fiat bux. You’re looking to conserve and transact your VALUE, not just through one currency or medium.