Ladies and gentlemen, We have witnessed huge BTC dump last night due to crash of Luna and UST coins but fortunately it has respected its old strong support of around 29K and bounced back to 31K which is a sigh of relief for all Bitcoin Traders but still volumes are not so high. I think overall market sentiment is still bearish due to instability of overall financial markets. Let's watch and wait, what happens next.
Jo mein notice ker raha hoon kia ap sb bhi notice ker rahay hein ?
There was so much hype for SOL coin aur sol ki prices bohat increase ho ri thien few months before but phie SOL ki chain mein koi problem aur aye SOL ki investment risky hy ab. Log kah rahay tay k SOL is next BNB but it is not.
Luna, Yes Luna who coin tha jis na bitcoin buying ki thee to support the UST in case of mishap. Just one day before thak, Luna was one of the best investment. Kitnay logoon nay LUNA mein long term investment ki hogi. aur Ajj Luna 50% c bhi zada dump hogia
UST ko kaha ja raha tha k yeh USDT ko peechacy choor jiey ga. Kitnay loggon na UST mein apnay stable coin rakhay hoon gay aur ajj UST 0.7$ tak gir giya...It failed as a algothriumic stable coin.
Kia mutlab hay is sab ka ? Kitna marzi koi project popular ho, aus mein fail honay kay chances hotay hein. Long term investment risky hay in all altcoins. Long term, only bitcoin is safe and secure bagi saab farig hy.
Umer Bhai, The failure of algorithmic UST coin is not good news for entire crypto industry, it simply means that stable coins like USDT, USDC and many mores will continue depeding on Fiat Dollars to back up their value. Es ka matlab ha hamara cryto pe confidence hamesha shaky hee rehe ga or apny assets ki real value dollars mein hee dekhna chahein gay. Luna team k pass 14 Billion dollars k Bitcoin thaay UST ko back up kerny k liye mgr unfortunately Bitcoin crash hony ki waja se wo bi esko sahi se support nhi ker paa rehe or almost 7 Billion dollars k Bitcoin Luna team sell ker chuki ha Team abi bi confident ha k wo es crisis pe kaboo paa lein gay. Let's wait how thing shape up in coming days and weeks.
There is 90% chance Luna will go to zero but it is high risk high reward all or nothing trade.