I think you shouldn't think about it. There are also another stable coins. It's just a standart manipulation. You should trust crypto economy. I think that it will go back to normal soon!
Well, most of those "stablecoins" have failed to deliver the promised peg to the USD. Tether is a good example, where several times it has fallen way below the $0.99 - $1 pricing. This means that stablecoins cannot be trusted since they're as volatile as cryptocurrencies themselves. There needs to be proper regulation to ensure stablecoins remain closely valued to the USD. Otherwise, your investment would not be safe when putting your money on such coins.
Despite this, I still have faith in crypto, and as well as you, I believe that everything will head back to normal soon. In the meantime, I guess that it's best to accumulate more Bitcoin for the future.
I don't think it is game over for bitcoin and I do not agree that fud things are the reason for this crash! Rather governments, ETF, SEC things and some hacks are responsible for the crypto market collapse! Though no one can describe perfectly the reason for this bad condition but I hope everything will be okay in near future!
Agree. Governments may have negatively impacted the valuation of the whole cryptocurrency market, with their crackdowns and regulations. However, I believe that at the end of the tunnel, there's light. Which means that sooner or later, cryptocurrencies such as Bitcoin and Ethereum will be recognized and regulated by all countries worldwide. Once regulation comes in, serious investors can feel confident to get into crypto with ease. I believe that's needed to help crypto reach mainstream adoption.
However, I'm against too much regulation (like completely banning cryptocurrencies) as it could be harmful towards the growth of Bitcoin and crypto in general. There needs to be a balance in regulatory measures, to help Bitcoin and other cryptocurrencies achieve their purpose in the mainstream world. Because if governments act against the development of cryptocurrencies and blockchain technology, then Bitcoin and altcoins will fall massively in adoption and popularity.
Nonetheless, this may be only temporary, as once prices start to rise, people will jump back on the crypto train.