Bad feeling like a bomb is gonna go off - page 2.

bitterguy28

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Quote from: bwills46 on February 13, 2023, 06:00:14 AM

I know Crypto had a heck of a run a week ago, and it is giving back which is normal. They have been getting beat real bad and its not stopping. I was on Coin Market Cap an hour ago, and looked at the stable coins. They are all except USDT well below a dollar. All were up 3 to 5% today and still wasnt up to a dollar. They were moving around like they were being fed to try and stay in their dollar spot. I got a bad feeling about today and/or tomorrow. Keep close eye out and react quickly. Hope I am wrong, but its strong enough feeling I just had to say something. Good luck!! Brandon

I am just asking myself , why with this kind of post coming? are mostly created by Newbie account and sometimes even just created account for post like this? maybe because they are just wanting to drop bad things to the market that they don't wanna install to their reputation as Bitcointalk user?
sorry but that is what I've seen most of the time.

you are free to think and drop what you wanted to say but I don't believe this here.

Xal0lex

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Quote from: adaseb on February 20, 2023, 10:53:46 PM

If interest rates are high for the next few years they will all be competing for one another. The only stablecoin that turned out to be a scam was Luna and you shouldn't be surprised. They were basically going to peg their stablecoin using bitcoin as collateral. And we all knew that wasn't a good idea which bitcoin is very volatile and has tendencies to go 80% loss from ATH.

This is far from the only stablecoin scam, there are other stablecoins that are losing their pegs, such as the USN stablecoin, which has also lost much of its stable value. The whole problem with these stablecoins is that they are algorithmic, and such projects are worth avoiding because they are unstable and flawed in their asset-backed model. Securing stablecoin with other altcoins, especially in a bear market, leads to a crash.

beerlover

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Quote from: adaseb on February 20, 2023, 10:53:46 PM

You need to stop worrying about these stablecoins going insolvent. People for years have been claiming tether will go bust. And they never did. All these stablecoin providers are making the big bucks by buying short term us treasuries and making 5% bank for pretty much no risk. We are talking about a $100B industry here.

If interest rates are high for the next few years they will all be competing for one another. The only stablecoin that turned out to be a scam was Luna and you shouldn't be surprised. They were basically going to peg their stablecoin using bitcoin as collateral. And we all knew that wasn't a good idea which bitcoin is very volatile and has tendencies to go 80% loss from ATH.

I think it's not as safe as you think it is, and they may eventually crash, and it doesn't have to be today, it could be 10 more years of running smoothly without an issue and then suddenly crash on 11th year, who knows? But that's really not bothering me because it is another skin that we need to shed in order to continue without a trouble.

If stablecoins finally crack and crash and all that money is gone, the price of bitcoin and all other coins will crash hard, probably at least 90% with some of them forever gone 100,% but that doesn't mean that I think it is going to be bad, I think after that, whoever is left will make it go back up again slowly and in a few years afterwards we will be back where we were.

adaseb

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You need to stop worrying about these stablecoins going insolvent. People for years have been claiming tether will go bust. And they never did. All these stablecoin providers are making the big bucks by buying short term us treasuries and making 5% bank for pretty much no risk. We are talking about a $100B industry here.

If interest rates are high for the next few years they will all be competing for one another. The only stablecoin that turned out to be a scam was Luna and you shouldn't be surprised. They were basically going to peg their stablecoin using bitcoin as collateral. And we all knew that wasn't a good idea which bitcoin is very volatile and has tendencies to go 80% loss from ATH.

AakZaki

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Quote from: posi on February 18, 2023, 11:33:54 PM

The future of BUSD is probably very slim, I think Binance will give it up if they want to continue to exist in the US market. But the important thing is that it does not harm users, they will continue to support it as well as assist users in converting to other stable coins.
In general, cryptocurrencies are always risky, including bitcoin, so we are always ready to take any risk when it happens. Nothing is reliable in the market, everything is relative, and nothing is absolute.

Binance is still trying to stand up to every shock, so that it can survive the various problems that might occur. As the most popular centralized exchange today, Binance certainly has a lot of issues that need to be resolved. BUSD as a stablecoin managed by Binance certainly gets full support, but users can also choose other stablecoins such as USDT, USDC etc.
Crypto is always risky, even if it's a stablecoin. nothing is really safe. Even if you save money in the bank, you will also be at risk of losing it. But the only difference is that you won't get any guarantees in crypto.

posi

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Quote from: AakZaki on February 18, 2023, 05:45:25 PM

Quote from: Wiwo on February 17, 2023, 06:26:59 PM

I don't know why, but I am always suspicious about stablecoins and I never have the conviction in them that there are truly what they proclaim to be, we have seen how many of them have crashed in the past and at a point, the stablecoins are no different from the other pump and dump coins such as LUNA coin that sink away investors money.
-BUSD is just one of them and when the tide become against binance the same fath that happened to FTX may happen to Binance but the possibility of its extent impact will be minimum on binance compared FTX own case.
-The recent market movement in BUSD may be a clear indication of how weak the coin is and its inability to cling to its $1 peg.

you already know all that happened, BUSD just didn't hold on to the $1 peg and had dropped a few days ago. Nothing is safe even if it's a stablecoin, crypto remains with its characteristics, namely fluctuating prices. BUSD may still be strong enough to survive as Binance is quite large as a centralized exchange. Instead of having to save too much in stablecoins, it's better to save in bitcoin which clearly has fluctuating prices with high volatility but has the largest capitalization. take advantage of every price movement that occurs or hold for the long term.

The future of BUSD is probably very slim, I think Binance will give it up if they want to continue to exist in the US market. But the important thing is that it does not harm users, they will continue to support it as well as assist users in converting to other stable coins.
In general, cryptocurrencies are always risky, including bitcoin, so we are always ready to take any risk when it happens. Nothing is reliable in the market, everything is relative, and nothing is absolute.

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Quote from: bittick on February 18, 2023, 07:23:05 PM

if you're making trading decision based on your feeling then you're essentially betting, make proper technical analysis, see the real market condition and circumstance then judge whether your feeling is right because other wise your lingering feeling will just become a feeling with no real reasoning backing it up, i'd say always use logic than feeling.

Unfortunately a great deal of people think of trading and gambling as the very same thing and this is not accurate, gambling can be a very exciting and fun experience, but at the end you have no control at all about the risk that you are taking, but when it comes to trading you are the one in complete control and if you are a good trader you can take opportunities that not only offer the potential to great returns but your risk can be extremely low as well, but the only way to take advantage of those opportunities is by educating yourself and use technical analysis.

bittick

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if you're making trading decision based on your feeling then you're essentially betting, make proper technical analysis, see the real market condition and circumstance then judge whether your feeling is right because other wise your lingering feeling will just become a feeling with no real reasoning backing it up, i'd say always use logic than feeling.

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Quote from: AakZaki on February 18, 2023, 05:45:25 PM

Quote from: Wiwo on February 17, 2023, 06:26:59 PM

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you already know all that happened, BUSD just didn't hold on to the $1 peg and had dropped a few days ago. Nothing is safe even if it's a stablecoin, crypto remains with its characteristics, namely fluctuating prices. BUSD may still be strong enough to survive as Binance is quite large as a centralized exchange. Instead of having to save too much in stablecoins, it's better to save in bitcoin which clearly has fluctuating prices with high volatility but has the largest capitalization. take advantage of every price movement that occurs or hold for the long term.

We are already used to those cryptocurrency characteristics of none stability ity of price at all time and even stable coins also dive down a couple of time but always recover back to it peg price, and if it fall too dip and unable to recover quickly that is an indication of a potential crash in the price.
-At some point I don't believe that term is called (stablecoin) because, in the cryptocurrency space, nothing is stable no currency is stable fiat is not stable it reacts to inflation and forces of demand and supply.
-So we should get used to that and prepare for any uncertainty that may happen in the market at all times

AakZaki

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Quote from: Wiwo on February 17, 2023, 06:26:59 PM

I don't know why, but I am always suspicious about stablecoins and I never have the conviction in them that there are truly what they proclaim to be, we have seen how many of them have crashed in the past and at a point, the stablecoins are no different from the other pump and dump coins such as LUNA coin that sink away investors money.
-BUSD is just one of them and when the tide become against binance the same fath that happened to FTX may happen to Binance but the possibility of its extent impact will be minimum on binance compared FTX own case.
-The recent market movement in BUSD may be a clear indication of how weak the coin is and its inability to cling to its $1 peg.

you already know all that happened, BUSD just didn't hold on to the $1 peg and had dropped a few days ago. Nothing is safe even if it's a stablecoin, crypto remains with its characteristics, namely fluctuating prices. BUSD may still be strong enough to survive as Binance is quite large as a centralized exchange. Instead of having to save too much in stablecoins, it's better to save in bitcoin which clearly has fluctuating prices with high volatility but has the largest capitalization. take advantage of every price movement that occurs or hold for the long term.

fullhdpixel

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Quote from: fuguebtc on February 17, 2023, 04:19:00 AM

Are you afraid of the collapse of stablecoins? Stable coins are also altcoins, so it wouldn't be surprising if they crashed or disappeared one day. With the SEC hitting BUSD as a sign that they can do more, most likely, USDT or USDC will be their next target. Stable coins are not as safe as you think, so don't trust any coin too much. It is advisable to hold fiat instead of the stablecoin if you are unable to hold bitcoin under any circumstances.

I think stablecoins that are backed by real money or assets are pretty reliable, though I understand the fact that nothing should be trusted in this universe. Tokens like USDC and BUSD are never going to just disappear like thin air since they got strong support. What SEC is doing with BUSD is pure promotion for the token and it's owner which is Binance.

People tend to keep their money for investments in stablecoins because it comes in handy when you want to take a trade instead of first converting your fiat to a stablecoin and then do your trading.

JANUS23

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It's a natural event. People are having deja vu about Luna, 3AC, FTX etc and a greasy hand quickly sells off assets faster than you can blink. So brace up

Xal0lex

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Quote from: justdimin on February 17, 2023, 05:11:29 PM

If you do not learn that, then you must be trading based on rumors or gut feeling or something that is not concrete basically. I am not saying that TA can't be wrong, of course it can be wrong, and we have seen it be wrong multiple times so far, but that doesn't change the fact that it is also a lot more secure and a lot better in the long run because if you calculate how much that makes, it's better than what you would "feel" like market would do.

It is unlikely that technical analysis can be wrong, rather a person misinterprets the data that technical analysis provides. Technical analysis is unique in that if the same chart is shown to 10 different traders, they can see 10 different scenarios. If we're talking about the long-term outlook, only a small proportion of traders and investors are able to analyze anything based on technical analysis.

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Quote from: bwills46 on February 13, 2023, 06:00:14 AM

I got a bad feeling about today and/or tomorrow. Keep close eye out and react quickly. Hope I am wrong, but its strong enough feeling I just had to say something.

With the turn of events now you must've discovered how wrong your premonition was. The market is in uptrend. The thing about any rally, whether bull or bear, there's often a moment for price correction and that seems to break movement. Every professional traders knows that price doesn't continue on a steady slope or hill. There are breaks along the road. So, let your premonition not scare you. Crypto is on the high scale despite the flashes of dump here and there.

danherbias07

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It's amusing when someone is relying on their market prediction by reading the movement of stablecoins. I don't know how they do that. It's stable. Shouldn't it stay where it is with just movements of literally .01-.03? So how?
But you may be right, it is scary. We had a stagnant market for a long time and big green lights mean it could go south anytime because that's how the market behaves. What comes up must come down. Correcting. etc..
I do base it with Bitcoin though, every altcoin has a chance to be pulled down when Bitcoin starts falling again. Fingers crossed.

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Quote from: AakZaki on February 17, 2023, 11:42:45 AM

Quote from: jrrsparkles on February 16, 2023, 01:45:48 PM

Including USDT every so called stable coin will blast at one point and in my opinion the first one will be USDT cause already strong regulations resulted in auditing of they reserves and minted tokens and most likely we know they don't have enough reserves for all the tokens they were printing so don't be really surprised if they went to zero overnight. Stable centralized crypto currencies are much worse than fiat issued by governments.

and it's going to be worse than what we think of stablecoins. BUSD will also have the same fate when it starts to explode at one point, where stablecoins are no longer safe and unstable. there have been many real examples of stablecoins that are no longer stable and end up with extraordinary crashes.

I don't know why, but I am always suspicious about stablecoins and I never have the conviction in them that there are truly what they proclaim to be, we have seen how many of them have crashed in the past and at a point, the stablecoins are no different from the other pump and dump coins such as LUNA coin that sink away investors money.
-BUSD is just one of them and when the tide become against binance the same fath that happened to FTX may happen to Binance but the possibility of its extent impact will be minimum on binance compared FTX own case.
-The recent market movement in BUSD may be a clear indication of how weak the coin is and its inability to cling to its $1 peg.

lalabotax

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the crypto market is a kind of market that has no permanent situation. The volatility is always high. there are many times when the price will be rising up but suddenly get dropped because of certain reasons. Many people have bad feelings about the crypto market because they are worried about their assets. But, I agree very much with some statements by members here, the crypto market is volatile, and the up and down prices are normal. Moreover in this bearish era, it is very normal to see up and down prices.

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Quote from: bwills46 on February 13, 2023, 06:00:14 AM

I know Crypto had a heck of a run a week ago, and it is giving back which is normal. They have been getting beat real bad and its not stopping. I was on Coin Market Cap an hour ago, and looked at the stable coins. They are all except USDT well below a dollar. All were up 3 to 5% today and still wasnt up to a dollar.

Crypto has been going very dropped not only from a week ago, this is in the bullish era, so this is very normal that the price will drop and up again very significantly. But it doesn't mean that crypto is getting beat in this situation. Once more, dropped market or market correction is very normal in the crypto market, that is the chance for us if we want to utilize short trading although it will be very risky. But sometimes, there are also many people who are utilizing this situation to get profit. Every time the crypto market is dropped, it will probably be the opposite of what happens to stable coins. Commonly they will be increasing once Bitcoin price drops. And the vice versa.

justdimin

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Quote from: abel1337 on February 16, 2023, 07:30:18 PM

If you have a technical analysis that you based your plan on, I believe it is wise to follow it rather than being hooked up on sudden market price changes. We have technical analysis to guide us up or predict the market in either long term or short term. If you are doubtful about your technical analysis, It would be much better to ask advices rather than moving blindly without any precautions. Believe me that the chance you have on losing is much higher than having a reference on what's currently happening.

I agree that anyone who knows what they are doing, should end up learning technical analysis as much as they can, this would give them a chance to learn more about what they could do for the long run and not really meddle with their emotions when trading.

If you do not learn that, then you must be trading based on rumors or gut feeling or something that is not concrete basically. I am not saying that TA can't be wrong, of course it can be wrong, and we have seen it be wrong multiple times so far, but that doesn't change the fact that it is also a lot more secure and a lot better in the long run because if you calculate how much that makes, it's better than what you would "feel" like market would do.

redsun114

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Too many people have some sort of bad feelings about the current situation or they may have an amazing hope about the future, I have to say sometimes the reality is in between. It is not going to be 10k, and it is not going to be 100k, at least not for anytime soon, the realistic approach would be somewhere between 15k to 30k in the short term for like 6 months or so, I am not saying it is impossible to have more or less, but it would be unrealistic expectation to say the least.

This is why we should be expecting it to do small movements and we shouldn't be really worried about having any kind of movement regarding this situation at all. No bomb will go off, I am sure of it.

Topic: Bad feeling like a bomb is gonna go off - page 2. (Read 529 times)