Bad feeling like a bomb is gonna go off - page 3.

Cling18

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Quote from: GreatArkansas on February 17, 2023, 10:54:27 AM

Quote from: crwth on February 16, 2023, 11:17:06 AM

How are you now OP? With the "feeling" that you have? With the past few days, it did decrease but recovered after a few days. So what do you think is the best plan right now OP?

Can you be specific with the coins that you have looked up as well? Maybe you are planning to trade specific stable coins or whatnot. I hope you took advantage of it.

Seems OP got liquidated Cheesy

About the stablecoins right now, seems it's a hot issue right now on cryptocurrency market but I believe, issue on stablecoins seems just a FUD, just like what is always happening on USD Tether even since before which is FUD totally and right now on BUSD, I can say it's FUD also.

We've been through this kind of situation before and it only keeps on repeating. We mistakenly see small corrections as a threat and fear them which is a wrong conception. So far, I don't see anything wrong with the current movement of stablecoins despite the controversies. We shouldn't listen and feel affected by lots of FUD around us.

GreatArkansas

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Quote from: crwth on February 16, 2023, 11:17:06 AM

How are you now OP? With the "feeling" that you have? With the past few days, it did decrease but recovered after a few days. So what do you think is the best plan right now OP?

Can you be specific with the coins that you have looked up as well? Maybe you are planning to trade specific stable coins or whatnot. I hope you took advantage of it.

Seems OP got liquidated Cheesy

About the stablecoins right now, seems it's a hot issue right now on cryptocurrency market but I believe, issue on stablecoins seems just a FUD, just like what is always happening on USD Tether even since before which is FUD totally and right now on BUSD, I can say it's FUD also.

AakZaki

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Quote from: jrrsparkles on February 16, 2023, 12:45:48 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 that 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.

lixer

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Quote from: bwills46 on February 13, 2023, 05:00:14 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

Thanks for the concern and warning mate but let's just hope that this occurrence is only normal because this wasn't the first time either that a stable coin can drop and there are also times like they are increasing by some percent. It was like they are also volatile same with the standard crypto but not in a greater extent. after some time they will always return on their favorite spot which is at one dollar.

There are people who already quit on using USDT because this coin has been involved in some controversy, I think even up until now so not many are worried or surprised if there are negative happenings around this coin. I think others should do the same, only to have a peace of mind.

o48o

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Quote from: TravelMug on February 17, 2023, 03:00:49 AM

Yes, they went below the 1 dollar pegged and it's really scary to think that it might cause a huge collapse on those stablecoins. USDC is still below at 0.99 as of this writing, so it's not yet recovered, but in any case though, I think there is a relieved in the last couple of hours, there is a huge jump on bitcoin reaching $25k although it didn't maintain that price.

So hopefully we can go and see that this stable coins are going back to it's pegged or at least their will be no withdrawal runs.

I wonder where are you guys getting your numbers from.

According to coinmarketcap USDC has only once gone under $0.99 and that was 18.3.2020.

I guess some exchanges do have spikes if they don't have enough instant liquidity but Kraken (which has main trading volume for usdc hasn't got under 0.99 with usdt ur usd pair for ages.
So where it's under 0.99 and can you share the screenshot?

fuguebtc

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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.

TravelMug

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Quote from: Jackl87 on February 16, 2023, 05:08:17 PM

Quote from: bwills46 on February 13, 2023, 05:00:14 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 just look af the chart of the prices of the big stablecoins in the last week or so and the statement that all of them, except USDT were well below their peg is not correct in my opinion. BUSD was at around 0.9989 for a short amount of time which means it was like 1/1000th below it's peg and that is negligible in my opinion. The same is true for the price of USDC. It dropped to only 0.9995 so it was really really close to it's peg all the time.
I also have to say though that such minor corrections should also not really be a threat to the peg of those big stablecoins. If they would alread lose 1% or more during a small correction, then this would be very very bad for the whole crypto market. I hope we don't see another big stablecoin collapsing. UST is enough for a few years now.

Yes, they went below the 1 dollar pegged and it's really scary to think that it might cause a huge collapse on those stablecoins. USDC is still below at 0.99 as of this writing, so it's not yet recovered, but in any case though, I think there is a relieved in the last couple of hours, there is a huge jump on bitcoin reaching $25k although it didn't maintain that price.

So hopefully we can go and see that this stable coins are going back to it's pegged or at least their will be no withdrawal runs.

Wiwo

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Am sure we should be used to thos kinds of market volatility and price instability with all coins and not only stable coins, and if I am not wrong, even USTD use to drop to $0.99-0.98 a few times and thos should not cause any bad feelings unless you are a high bag holder and maintaining to exchange at that moment if not, the price will always correct back to $1.
- Just as we have volatility in every asset and currency we should get used to it and try to work our way around it, and not panic anytime such a market dive happens.

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Quote from: wheelz1200 on February 16, 2023, 05:29:38 PM

Quote from: bwills46 on February 13, 2023, 05:00:14 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 wouldn't use looking at prices on coin market cap as a short term indicator of what is going to happen in the crypto market. It's hard enough when solid technical analysis is being done to nail down a short term trend (and even long term). If the market goes up or down on guilt feel it's most of the time just a mere coincidence.

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.

wheelz1200

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Quote from: bwills46 on February 13, 2023, 05:00:14 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 wouldn't use looking at prices on coin market cap as a short term indicator of what is going to happen in the crypto market. It's hard enough when solid technical analysis is being done to nail down a short term trend (and even long term). If the market goes up or down on guilt feel it's most of the time just a mere coincidence.

Jackl87

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Quote from: bwills46 on February 13, 2023, 05:00:14 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 just look af the chart of the prices of the big stablecoins in the last week or so and the statement that all of them, except USDT were well below their peg is not correct in my opinion. BUSD was at around 0.9989 for a short amount of time which means it was like 1/1000th below it's peg and that is negligible in my opinion. The same is true for the price of USDC. It dropped to only 0.9995 so it was really really close to it's peg all the time.
I also have to say though that such minor corrections should also not really be a threat to the peg of those big stablecoins. If they would alread lose 1% or more during a small correction, then this would be very very bad for the whole crypto market. I hope we don't see another big stablecoin collapsing. UST is enough for a few years now.

jrrsparkles

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Quote from: bwills46 on February 13, 2023, 05:00:14 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

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 that fiat issued by governments.

crwth

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How are you now OP? With the "feeling" that you have? With the past few days, it did decrease but recovered after a few days. So what do you think is the best plan right now OP?

Can you be specific with the coins that you have looked up as well? Maybe you are planning to trade specific stable coins or whatnot. I hope you took advantage of it.

so98nn

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Gut feelings dont really work in the crypto OR anywhere where the money is involved. If you have seen a movie where person goes to casino and puts roulette number and wins millions of dollars then that's just scripted one. I am just using this as an example to understand what gut feeling is and how much rich it can make you in the films. Grin

Now, coming back to the reality; things are way way stubborn here. Crypto can make you rich in a night or it can take years of investment and patience.

Whatever you are explaining about the stablecoins is just another normal day. They are "stable" coins and they need to be corrected in terms of valuation all the time. There is huge volume that is under buy and sell and at the same time there is unlimited supply of them. The counter forces are always nagging up and down to keep the stablecoin valued at $1. Plus dollar itself is getting little hardy these days. I think its really normal.

isaac_clarke22

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Quote from: bwills46 on February 13, 2023, 05:00:14 AM

~

That is just a gut feeling, Brandon. I don't think you should worry about it too much. USDT/Tether has been like that anyway since it is a stable coin so just disregard that. As long as you're entirely sure that you are not dealing with a shitcoin, there's no point worrying about single movement in the market.

That's just me back in the days when I keep refreshing the live price of Bitcoin, lol. It gave me a bad habit, but I learned from it.

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Quote from: cryptoaddictchie on February 16, 2023, 07:17:16 AM

Quote from: mich on February 16, 2023, 02:09:22 AM

But yesterday this did not happen. We were rewarded nice profit from the last 24 hours from top alt coins like Ethereum, BNB, XRP, ADA, Doge, and Matic. Maybe we will see Bitcoin for 25k today and alt will continue to moon.

Breaking that level might unlock a good and potential market movement. Since bitcoin able to break 24k before, and now his here again at this level. Now if we can aggresively go to that range maybe a 30kish is bullish position. But it will take time as a lot of funds needed. Plus we should see some gaps level below this current position to be filled in first prior to moving on those levels.

Things are encouraging compared to the start of 2022,we are seeing a better start to the year from Bitcoin and every other crypto is impacted by Bitcoin price,from the ones who can be like a bomb money making machine about to blow I think is SHIBA INU,if they go from 0.00001362 to for example 0.00005555 this change is enough to make some new millionaires out of the blue,meaning the people who have millions and millions of this token will have about x4 more money in their wallets.

I don't see why we should have bad feelings about this year,it is going well up until now but to reach 30.000 dollars for a Bitcoin it needs mining to start be profitable again.

cryptoaddictchie

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Quote from: mich on February 16, 2023, 02:09:22 AM

But yesterday this did not happen. We were rewarded nice profit from the last 24 hours from top alt coins like Ethereum, BNB, XRP, ADA, Doge, and Matic. Maybe we will see Bitcoin for 25k today and alt will continue to moon.

Breaking that level might unlock a good and potential market movement. Since bitcoin able to break 24k before, and now his here again at this level. Now if we can aggresively go to that range maybe a 30kish is bullish position. But it will take time as a lot of funds needed. Plus we should see some gaps level below this current position to be filled in first prior to moving on those levels.

Kemarit

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Quote from: mich on February 16, 2023, 02:09:22 AM

Well this is a feeling that I have very often. When we have large gains in bitcoin and alt, just from the past we are trained to believe it will not last forever. Then at any moment it can all come crashing down.

But yesterday this did not happen. We were rewarded nice profit from the last 24 hours from top alt coins like Ethereum, BNB, XRP, ADA, Doge, and Matic. Maybe we will see Bitcoin for 25k today and alt will continue to moon.

Yes, that's what usually happens, I mean we could understand the concern of the OP, but most of the time, when we are in fear of the market, it will go on the opposite direction like what we have seen in the last 24 hours and bitcoin could hit $25,000.

And so as other alts as well, more then 10% increase together with bitcoin, so there is something in the market right now that pushes this investors to suddenly pour their money again this February, just like last month.

mich

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Well this is a feeling that I have very often. When we have large gains in bitcoin and alt, just from the past we are trained to believe it will not last forever. Then at any moment it can all come crashing down.

But yesterday this did not happen. We were rewarded nice profit from the last 24 hours from top alt coins like Ethereum, BNB, XRP, ADA, Doge, and Matic. Maybe we will see Bitcoin for 25k today and alt will continue to moon.

yazher

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At the end of the day, all are just mere speculations when it comes to these altcoins and hopefully, they will gonna successfully remove all those scammers who are luring their investors with their good-to-be-true staking percentage, and when that happened. surely people will not gonna consider to look for or invest in altcoins because of high harm than benefits you can get from it. If only they realized it at first and they just snob these malicious offers, developers will gonna stop to make it trending and scammers will not make their own staking coins to fool those who are new investors in the crypto industry.

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