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I doubt any crypto will ever be stable. There was one coin that was tethered to another and would buy/sell/burn automatically to maintain the main coin at 1 usd, and some dudes took advantage of the reaction time to automate flooding the market and tanking the price of the stablecoin then buying a shitload under 1 usd and making free money when it stabilized itself.
Also as others have pointed out, the fact that crypto is (generally) decentralized and unregulated (which is the WHOLE POINT) is its biggest flaw and makes it a hotbed for speculation and scams.
Just look at how many coins have a spike shortly after creation, then crash to basically nothing. That’s the “investors” getting suckered in while the coins are cheap hoping for another bitcoin boom, then the creators selling out and walking away while the idiots hold the bag while the coin dies.
I doubt any crypto will ever be stable. There was one coin that was tethered to another and would buy/sell/burn automatically to maintain the main coin at 1 usd, and some dudes took advantage of the reaction time to automate flooding the market and tanking the price of the stablecoin then buying a shitload under 1 usd and making free money when it stabilized itself.
Also as others have pointed out, the fact that crypto is (generally) decentralized and unregulated (which is the WHOLE POINT) is its biggest flaw and makes it a hotbed for speculation and scams.
Just look at how many coins have a spike shortly after creation, then crash to basically nothing. That’s the “investors” getting suckered in while the coins are cheap hoping for another bitcoin boom, then the creators selling out and walking away while the idiots hold the bag while the coin dies.