Bad feeling like a bomb is gonna go off

bitgolden

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Quote from: ethereumhunter on February 23, 2023, 10:55:02 PM

If they have experienced a loss before and want to prevent another loss, they must immediately change their mindset by not relying on other people in making decisions and trying to learn more from others. It will help them to increase their knowledge about investing in bitcoin or other things because by continuing to learn to find reliable sources, they can adapt to the current situation in the market. And even though the market will fluctuate again and decline later, it won't make them panic or worry because they already know how to respond to it.

I agree that the best thing to do in order to make some good profits is to learn how to do it yourself. If you keep on trusting others, eventually you will be basically a lazy person with no knowledge and nobody can make a profit like that. I know that it sounds a lot easier if you could just open up a web page, someone tells you what to buy, you do and you make 100x profit and you do it again and you make another x100. Sounds like a very good dream but it is nothing more than a dream.

However, if you learn how to do it yourself, you can make 2x per year, which means a millionaire in 10 years or so, amazing success and you should be happy about the potential of that too.

marcombo

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The whole concept of an "stable cryptocurrency which is backed by centralized organizations" is an oxymoron in the cryptospace. People are blindly trusting that those organizations are holding the same amount of dollars than the amount they emitted of the "stable" coin, and no matter the market situation they will be there to maintain the price at all cost. Difficult for me to believe in that deal.

Mr. Magkaisa

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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 don't know what you mean by that. Since the market is difficult to predict what its value will be, its increase and decrease depends on the holders who are probably whales.

Also, the stablecoin is another one in the centralized exchange, it is not affected as much as it is almost the same as the fita currency itself, to be honest mate.

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Quote from: blockman on February 25, 2023, 03:53:07 AM

Quote from: ethereumhunter on February 24, 2023, 09:27:16 PM

Quote from: blockman on February 24, 2023, 03:26:11 PM

Those investors that only rely on other people's decision will learn a lot of things from it. When the result didn't go according to the plan, they'll be forced to make it for themselves which is actually what it should be done.

That is if they can learn many things but on average, they will not learn even though they have had a bad experience from relying on other people's decisions. Some can learn and others cannot, depending on each person. If that person wants to realize that his mistake of relying on other people's decisions is wrong, he will start learning more from others so that he can analyze himself without having to rely on others, even though he still gets clues from others. But they will analyze the clues from other people to get other clues that might be useful for him.

Well, that's for them to see if it's going to be a learning experience or not. As for us, we've learned a lot about this market and whatever the market will show us, we're here to react and do the necessary.
It's inspiring to see those that have been making a lot despite the market situation and still, they're firm with everything they do together with the decisions that they make.

We can get results like them but we really have to be able to study hard and not just give up if we haven't been able to produce something. But unfortunately, many people, especially beginners, will feel disappointed after trying for some time and think that what they are doing is not worth continuing. Especially if they see how many losses they have got so that they give up. If they can stick with it and keep learning, one day, they will see results and won't believe they can do it.

TravelMug

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Quote from: blockman on February 25, 2023, 03:53:07 AM

Quote from: ethereumhunter on February 24, 2023, 09:27:16 PM

Quote from: blockman on February 24, 2023, 03:26:11 PM

Those investors that only rely on other people's decision will learn a lot of things from it. When the result didn't go according to the plan, they'll be forced to make it for themselves which is actually what it should be done.

That is if they can learn many things but on average, they will not learn even though they have had a bad experience from relying on other people's decisions. Some can learn and others cannot, depending on each person. If that person wants to realize that his mistake of relying on other people's decisions is wrong, he will start learning more from others so that he can analyze himself without having to rely on others, even though he still gets clues from others. But they will analyze the clues from other people to get other clues that might be useful for him.

Well, that's for them to see if it's going to be a learning experience or not. As for us, we've learned a lot about this market and whatever the market will show us, we're here to react and do the necessary.
It's inspiring to see those that have been making a lot despite the market situation and still, they're firm with everything they do together with the decisions that they make.

Yes, that the difference obviously with experience and newbies in the market. I mean we have seen a lot of movements already that most of the time we are not deterred by big movements, we just remain calm for what it is and maybe react to the best interest, for ourselves (i.e. buying more when the project is down).

And just like that, the market is stil relatively calm for now, there is not ticking bomb to watch and the market is still in the sideways.

So we might as well take this opportunity to buy if we can.

blockman

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Quote from: ethereumhunter on February 24, 2023, 09:27:16 PM

Quote from: blockman on February 24, 2023, 03:26:11 PM

Those investors that only rely on other people's decision will learn a lot of things from it. When the result didn't go according to the plan, they'll be forced to make it for themselves which is actually what it should be done.

That is if they can learn many things but on average, they will not learn even though they have had a bad experience from relying on other people's decisions. Some can learn and others cannot, depending on each person. If that person wants to realize that his mistake of relying on other people's decisions is wrong, he will start learning more from others so that he can analyze himself without having to rely on others, even though he still gets clues from others. But they will analyze the clues from other people to get other clues that might be useful for him.

Well, that's for them to see if it's going to be a learning experience or not. As for us, we've learned a lot about this market and whatever the market will show us, we're here to react and do the necessary.
It's inspiring to see those that have been making a lot despite the market situation and still, they're firm with everything they do together with the decisions that they make.

ethereumhunter

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Quote from: blockman on February 24, 2023, 03:26:11 PM

Quote from: ethereumhunter on February 23, 2023, 10:55:02 PM

If they have experienced a loss before and want to prevent another loss, they must immediately change their mindset by not relying on other people in making decisions and trying to learn more from others. It will help them to increase their knowledge about investing in bitcoin or other things because by continuing to learn to find reliable sources, they can adapt to the current situation in the market. And even though the market will fluctuate again and decline later, it won't make them panic or worry because they already know how to respond to it.

Those investors that only rely on other people's decision will learn a lot of things from it. When the result didn't go according to the plan, they'll be forced to make it for themselves which is actually what it should be done.

That is if they can learn many things but on average, they will not learn even though they have had a bad experience from relying on other people's decisions. Some can learn and others cannot, depending on each person. If that person wants to realize that his mistake of relying on other people's decisions is wrong, he will start learning more from others so that he can analyze himself without having to rely on others, even though he still gets clues from others. But they will analyze the clues from other people to get other clues that might be useful for him.

Jating

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Quote from: doomloop on February 23, 2023, 03:23:08 PM

Quote from: blockman on February 22, 2023, 06:55:48 PM

We do have an idea when the price of bitcoin might increase and that's after the halving. And as we approach to the next halving by 2024, that's giving the idea of what everyone must do and that's the usual thought we say for everyone is to accumulate.
Sometimes our feelings are invalid but many times if you think that it's valid, follow the idea and thoughts that you might encounter as you decide whether to just watch the market, buy or even sell.

The market will not wait until the halving and we will see some positive movements pretty soon. Let bitcoin cross the resistance at $25k and show a strong hold on to it and then we will see it rallying toward $30k pretty soon after it. But for that, it will need to go over $25k and hold its position.

I'm afraid if it drops below $22k, we might also see it dropping way below $20k as well and then it will be more difficult for it and will take some time to gain momentum again to go across the hurdles it has in the way.

Right now it's just above $23,100, not sure what news really negated all our bullish signs when we touch $25k this month. It's seems though that is the barrier that we need to break and unfortunately, we didn't get to that point in February.

But still we have several days, maybe at the start of the week we can regain back what we have lost and stay above in the highs of $24k.

So yeah, nothing to be afraid of this suddenly price drop, maybe just another correction.

blockman

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Quote from: doomloop on February 23, 2023, 03:23:08 PM

The market will not wait until the halving and we will see some positive movements pretty soon. Let bitcoin cross the resistance at $25k and show a strong hold on to it and then we will see it rallying toward $30k pretty soon after it. But for that, it will need to go over $25k and hold its position.

I'm afraid if it drops below $22k, we might also see it dropping way below $20k as well and then it will be more difficult for it and will take some time to gain momentum again to go across the hurdles it has in the way.

It will go and break $25k and upwards for sure. Don't be afraid if it drops below $22k again because it just came there. The lower that it gets, the higher the comeback that may show. We've got a definitely positive event that will make it happen through halving and not just me but everyone is waiting for that.

Quote from: ethereumhunter on February 23, 2023, 10:55:02 PM

If they have experienced a loss before and want to prevent another loss, they must immediately change their mindset by not relying on other people in making decisions and trying to learn more from others. It will help them to increase their knowledge about investing in bitcoin or other things because by continuing to learn to find reliable sources, they can adapt to the current situation in the market. And even though the market will fluctuate again and decline later, it won't make them panic or worry because they already know how to respond to it.

Those investors that only rely on other people's decision will learn a lot of things from it. When the result didn't go according to the plan, they'll be forced to make it for themselves which is actually what it should be done.

Wiwo

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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 a strong enough feeling I just had to say something. Good luck!! Brandon

If you invest in altcoin you should be sure to have a run-off for your money and always be on the lookout because of their high volatility and vulnerability in times of market crash, altcoin investment is pour gambling and at that, once you have some stash of coins you will be on panic mode and if care is not taken or you're failed to act on time you can lose all your investment before you know it.

-Because some altcoins can go from 100 to 0 Within a short time and thos have been the mojar risk associated with altcoin investment., you should hold Bitcoin on a long-term basis unless you want to do short-term market speculation only then should you choose altcoin.

ethereumhunter

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Quote from: blockman on February 23, 2023, 06:08:56 AM

Quote from: ethereumhunter on February 22, 2023, 09:35:50 PM

But maybe other people don't have an idea when they will buy or sell because many of them only follow the advice of people who they think are experts. And now we should still try to pile up Bitcoin before half of the coming. So if there is a feeling about how the market will move, we follow that feeling while preparing everything. Thus, we will not be confused if the market's direction is completely changed.

That's a sad thing, there are new investors that only rely on others for their decisions. They're the ones that are floating whatever the situation of the market because they don't have their own decisions. But soon, they'll learn their lessons and will realize that it's best for them to rely on themselves only.

If they have experienced a loss before and want to prevent another loss, they must immediately change their mindset by not relying on other people in making decisions and trying to learn more from others. It will help them to increase their knowledge about investing in bitcoin or other things because by continuing to learn to find reliable sources, they can adapt to the current situation in the market. And even though the market will fluctuate again and decline later, it won't make them panic or worry because they already know how to respond to it.

doomloop

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Quote from: blockman on February 22, 2023, 06:55:48 PM

We do have an idea when the price of bitcoin might increase and that's after the halving. And as we approach to the next halving by 2024, that's giving the idea of what everyone must do and that's the usual thought we say for everyone is to accumulate.
Sometimes our feelings are invalid but many times if you think that it's valid, follow the idea and thoughts that you might encounter as you decide whether to just watch the market, buy or even sell.

The market will not wait until the halving and we will see some positive movements pretty soon. Let bitcoin cross the resistance at $25k and show a strong hold on to it and then we will see it rallying toward $30k pretty soon after it. But for that, it will need to go over $25k and hold its position.

I'm afraid if it drops below $22k, we might also see it dropping way below $20k as well and then it will be more difficult for it and will take some time to gain momentum again to go across the hurdles it has in the way.

Yaunfitda

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I guess we may have survived that bomb scare, I mean it's been a week already, prices is still good of majority of solid coins.

So the OP's feeling is wrong, but nevertheless it's good that he open it up here, and who knows, his intuition might be right after all. So everything has calm now, all stable coins are back to peg 1:1 now. And the total marketcap is still at above $1 trillion, meaning money is still inside crypto market and there are no selling at all.

blockman

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Quote from: ethereumhunter on February 22, 2023, 09:35:50 PM

But maybe other people don't have an idea when they will buy or sell because many of them only follow the advice of people who they think are experts. And now we should still try to pile up Bitcoin before half of the coming. So if there is a feeling about how the market will move, we follow that feeling while preparing everything. Thus, we will not be confused if the market's direction is completely changed.

That's a sad thing, there are new investors that only rely on others for their decisions. They're the ones that are floating whatever the situation of the market because they don't have their own decisions. But soon, they'll learn their lessons and will realize that it's best for them to rely on themselves only.

Quote from: Xampeuu on February 23, 2023, 03:27:28 AM

if we talk about bitcoin then there is no need to panic about the mistakes of our feelings. because after buying we are only waiting for the long term goal, of course if our analysis is wrong, we are given the opportunity to collect even more bitcoins, considering that this is an opportunity. but if this is on a new altcoin or altcoin that is at the bottom then only luck can save us. therefore invest in coins that can be for the long term, so that our time waiting is not in vain

The situation is different for each of us, there have been holders that have sold at a lower price than the ATH and didn't manage to accumulate again.
It's harder to get some and buy back again since selling is the quickest and easiest thing to do. But in terms of accumulating again, trust me, many of us do struggle in doing it again when we've seen different prices whether it's high or low.

Xampeuu

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Quote from: blockman on February 22, 2023, 06:55:48 PM

Quote from: ethereumhunter on February 22, 2023, 11:18:01 AM

It's fine if @OP says the market is bad at the moment but only temporarily because it will start moving up again. We can use it as a moment to buy the bitcoin or altcoin we want. We can only be prepared with all the possibilities that can occur, including the current correction and we are still lucky to be given time to buy more bitcoins now. We will not know when the bitcoin price will increase again so it can make us too late to increase our bitcoin amount. Even though market conditions will be as they are for the next week, that's also okay because everything will return to normal.

We do have an idea when the price of bitcoin might increase and that's after the halving. And as we approach to the next halving by 2024, that's giving the idea of what everyone must do and that's the usual thought we say for everyone is to accumulate.
Sometimes our feelings are invalid but many times if you think that it's valid, follow the idea and thoughts that you might encounter as you decide whether to just watch the market, buy or even sell.

if we talk about bitcoin then there is no need to panic about the mistakes of our feelings. because after buying we are only waiting for the long term goal, of course if our analysis is wrong, we are given the opportunity to collect even more bitcoins, considering that this is an opportunity. but if this is on a new altcoin or altcoin that is at the bottom then only luck can save us. therefore invest in coins that can be for the long term, so that our time waiting is not in vain

ethereumhunter

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Quote from: blockman on February 22, 2023, 06:55:48 PM

Quote from: ethereumhunter on February 22, 2023, 11:18:01 AM

It's fine if @OP says the market is bad at the moment but only temporarily because it will start moving up again. We can use it as a moment to buy the bitcoin or altcoin we want. We can only be prepared with all the possibilities that can occur, including the current correction and we are still lucky to be given time to buy more bitcoins now. We will not know when the bitcoin price will increase again so it can make us too late to increase our bitcoin amount. Even though market conditions will be as they are for the next week, that's also okay because everything will return to normal.

We do have an idea when the price of bitcoin might increase and that's after the halving. And as we approach to the next halving by 2024, that's giving the idea of what everyone must do and that's the usual thought we say for everyone is to accumulate.
Sometimes our feelings are invalid but many times if you think that it's valid, follow the idea and thoughts that you might encounter as you decide whether to just watch the market, buy or even sell.

But maybe other people don't have an idea when they will buy or sell because many of them only follow the advice of people who they think are experts. And now we should still try to pile up Bitcoin before half of the coming. So if there is a feeling about how the market will move, we follow that feeling while preparing everything. Thus, we will not be confused if the market's direction is completely changed.

Quote from: Silberman on February 22, 2023, 08:48:30 PM

Quote from: ethereumhunter on February 22, 2023, 11:18:01 AM

It's fine if @OP says the market is bad at the moment but only temporarily because it will start moving up again. We can use it as a moment to buy the bitcoin or altcoin we want. We can only be prepared with all the possibilities that can occur, including the current correction and we are still lucky to be given time to buy more bitcoins now. We will not know when the bitcoin price will increase again so it can make us too late to increase our bitcoin amount. Even though market conditions will be as they are for the next week, that's also okay because everything will return to normal.

Traders need to learn to think not only about the now but about the past too, it is as if they forgot already of how difficult 2022 was as a year and now they are complaining about the market not experimenting any growth, instead we should be glad of the periods of time in which the price does not move much as this gives us the opportunity to buy bitcoin for a stable price without having to be afraid its price could collapse the next day, and this is important as it makes easier to hold our coins, especially for those which are just beginning to accumulate bitcoin.

That means they have to learn from experience or see the market travel so far to find out that the market will always change and do not need to complain about anything. One day, the market will begin to move well and that's when we will return to get a big profit. Maybe now we are asked to be more patient and enjoy the price movements that occur in the market while buying more bitcoin. If we use this opportunity, we can certainly get the opportunity to sell the bitcoin we have at the peak price later.

Silberman

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Quote from: ethereumhunter on February 22, 2023, 11:18:01 AM

It's fine if @OP says the market is bad at the moment but only temporarily because it will start moving up again. We can use it as a moment to buy the bitcoin or altcoin we want. We can only be prepared with all the possibilities that can occur, including the current correction and we are still lucky to be given time to buy more bitcoins now. We will not know when the bitcoin price will increase again so it can make us too late to increase our bitcoin amount. Even though market conditions will be as they are for the next week, that's also okay because everything will return to normal.

Traders need to learn to think not only about the now but about the past too, it is as if they forgot already of how difficult 2022 was as a year and now they are complaining about the market not experimenting any growth, instead we should be glad of the periods of time in which the price does not move much as this gives us the opportunity to buy bitcoin for a stable price without having to be afraid its price could collapse the next day, and this is important as it makes easier to hold our coins, especially for those which are just beginning to accumulate bitcoin.

blockman

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Quote from: ethereumhunter on February 22, 2023, 11:18:01 AM

It's fine if @OP says the market is bad at the moment but only temporarily because it will start moving up again. We can use it as a moment to buy the bitcoin or altcoin we want. We can only be prepared with all the possibilities that can occur, including the current correction and we are still lucky to be given time to buy more bitcoins now. We will not know when the bitcoin price will increase again so it can make us too late to increase our bitcoin amount. Even though market conditions will be as they are for the next week, that's also okay because everything will return to normal.

We do have an idea when the price of bitcoin might increase and that's after the halving. And as we approach to the next halving by 2024, that's giving the idea of what everyone must do and that's the usual thought we say for everyone is to accumulate.
Sometimes our feelings are invalid but many times if you think that it's valid, follow the idea and thoughts that you might encounter as you decide whether to just watch the market, buy or even sell.

abel1337

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Quote from: bitterguy28 on February 22, 2023, 12:22:41 AM

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 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.

Dropping a news or situation like these can't affect that market that much. If you consider it as a FUD, Well it's not enough to move the market given that the reach he got from the post is not that much and also it's common to see post like these inside and outside the forum. Most of the users who are posting like this are newbies and low rank users but we don't judge here given that they are low ranks, maybe have a little bit knowledge or sensitive affection from the market which is the common occurrence on newbies.

ethereumhunter

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It's fine if @OP says the market is bad at the moment but only temporarily because it will start moving up again. We can use it as a moment to buy the bitcoin or altcoin we want. We can only be prepared with all the possibilities that can occur, including the current correction and we are still lucky to be given time to buy more bitcoins now. We will not know when the bitcoin price will increase again so it can make us too late to increase our bitcoin amount. Even though market conditions will be as they are for the next week, that's also okay because everything will return to normal.

bitterguy28

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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 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.

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Quote from: adaseb on February 20, 2023, 09:53:46 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.

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Quote from: adaseb on February 20, 2023, 09:53:46 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.

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Quote from: posi on February 18, 2023, 10:33:54 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.

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Quote from: AakZaki on February 18, 2023, 04:45:25 PM

Quote from: Wiwo on February 17, 2023, 05:26:59 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, 06:23:05 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.

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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, 04:45:25 PM

Quote from: Wiwo on February 17, 2023, 05:26:59 PM

()

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

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Quote from: Wiwo on February 17, 2023, 05:26:59 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.

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Quote from: fuguebtc on February 17, 2023, 03:19:00 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.

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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

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Quote from: justdimin on February 17, 2023, 04:11:29 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, 05:00:14 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.

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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, 10:42:45 AM

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 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.

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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, 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.

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.

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Quote from: abel1337 on February 16, 2023, 06:30:18 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.

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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.

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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.

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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.

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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.

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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.

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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?

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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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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

It's ok we understand your concern about stable coins, perhaps one of the reasons is that SEC categorized BUSD as securities in which Paxos disagrees,

Quote

Paxos categorically disagrees with the SEC staff because BUSD is not a security under the federal securities laws. This SEC Wells notice pertains only to BUSD. To be clear, there are unequivocally no other allegations against Paxos. Paxos has always prioritized the safety of its customers' assets. BUSD issued by Paxos is always backed 1:1 with US dollar-denominated reserves, fully segregated and held in bankruptcy remote accounts. We will engage with the SEC staff on this issue and are prepared to vigorously litigate if necessary.

https://www.prnewswire.com/news-releases/paxos-issues-statement-301745616.html

So this might be the start though, and that's why many stable coins are below 1 dollar.

That statement or ruling from SEC really put all the stable coins on the limelight again, and it doesn't look good to be honest.

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I agree with you. I feel the same way. Probably because the recession is still happening and rates are pretty high. And statistically, we can see that there is always a big breakdown happening after the fed pivot. So I think this time we will see it too.

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Oh, man, took the pressure away from you! There is a good thing to let things go: Wanky, wanky or less blue ones!

If you think Stablecoins are crashing, bet against stablecoins. If you think the market is falling, bet against the market!

And for the investions: The money which is builders helping to build. Be sure: Builders will build and world changers will change worlds.

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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 a strong enough feeling I just had to say something. Good luck!! Brandon

This feeling will definitely not go away and its part and parcel of the cryptocurrency market most especially when you constantly do a dollar cost avaraging.
Most stablecoins are below their dollar cost and even though they recover back to $1:1 it won't take long before the price still slide a little below that and sometimes $0.98.
-This is something that we should get used to as long as the market continues to either recover or slide further.

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This is crypto. It is gonna keep afloat and tread water, before breaking into a run. This BUSD hullabaloo would die down because right now it is still a store of value

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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

Small variations on the price of stable coins are normal because as most people know their supposed reserves have always been up to question and this makes them to be not as stable as they should be, however I do not know if you are worried about a complete collapse of a stable coin or something similar, and if that is the case then the solution is easy, stop holding stable coins for the long term and instead get some bitcoin and you will be protected from such a potential crash.

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Actually, many stablecoins have lost their bind even during the bullrun, which is not to say that anything very bad should happen soon. The collateral of these stablecoins itself is questionable and they price these tokens are not as stable as they should be, judging from their name. You don't even have to talk about algorithmic stablecoins, they were born to always experience de-peg. I think, if some major correction happens, then such stablecoins as DAI, USDC, BUSD won't suffer much.

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Does this mean that most of the time in the crypto market, a bomb is ticking off? Sideways markets have always been a characteristic of the crypto market, and what's happening right now is pretty similar. As for stablecoins, of course they won't really be trading far off from one dollar as that is what their purpose are. If they stray too far from their intended valuation, then Tether or any other organization handling those stablecoins would do the necessary adjustments to keep the price up or down to acceptable levels.

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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

Dollar-backed stablecoins will function normally until something terrible happens to the dollar itself. Until then, their rate will fluctuate upwards within one dollar, deviating very slightly from bitcoin units. So far, there are no particular reasons for concern. The economy of the United States and almost all other countries is now in decline, but this state is temporary. This has happened before, and more than once. All falls are inevitably replaced by a period of economic growth.

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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

What are you talking about? for a couple years now stable coins have been more stable then ever. And what is this 2-5% growth? That just seems like a lie. Name those stable coins, every stable coin i looked at seemed acting perfectly normal with like 0.02% waving.

Please show me the screenshots of the charts or links to charts you were looking at or i will just rule this out as fud. (aka: "pics or it didn't happen")

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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

As you have noticed those percentages gains/losses in a website like coinmarketcap, you don't have to worry about stable coins. We're actually experiencing some blood bath for the start of this week and that's normal. If you're feeling bad for today and tomorrow, that's okay.
That's the uncertainty that everyone feels when we see the market isn't going up and that's a normal encounter as you stay on this market.
A bomb or not based on your description, we've seen the market went up and recovered a bit so, it's expected that it shall go through a correction.

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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

You must be reading the charts wrong or looking at really exotic stable coins. Major stable coins such as USDC, USDT, DAI are holding around $1. The 24h low for BUSD, after the bad news from the SEC, is 0.9988, so it's -0.12% against $1, so no need to panic for now. However, this does not change the fact that we have recently witnessed increased SEC activity, very unfavorable for the world of cryptocurrencies. You're right that we should to be vigilant.

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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

Are you talking about correction is due to happen after these continues surge of Bitcoin and some cryptocurrency? Well, we already have seen the price of Bitcoin being corrected probably it is affected by the news about SEC cracking staking on some exchanges. It did bring some bad news and we have seen how the market sentiment reacted negatively. There is even news about bitcoin to possibly retest $20k since it is looking for support on that area[1].

[1] https://www.coindesk.com/markets/2023/02/13/first-mover-asia-bitcoin-might-test-20k-as-it-looks-for-support/

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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

Topic: Bad feeling like a bomb is gonna go off (Read 546 times)