Stable coins volatility pegg and unpegg can make profit too here is my plan

rozak

sr. member

Activity: 1960

Merit: 273

★Bitvest.io★ Play Plinko or Invest!

Quote from: Squaremile777 on March 04, 2023, 10:21:43 AM

I'll buy Terra yes becouse it's one of the big instutions favourite one.

you can do it because it's your way to take risks. but I still believe a fair number of investors wouldn't take the kind of risk you talk about. most investors will put their money into better assets. but I believe you have your risk management.
wish you luck with your investment. Thank you for sharing your perspective on projects and risks in investing.

adaseb

legendary

Activity: 3808

Merit: 1723

If a stablecoin loses its peg by over 20% then most likely something is wrong like with the Luna stablecoin and you are better off not buying it at all.

If you get lucky you can maybe buy tether at a 2-5% discount once every 2 years when there is some FUD but honestly there are better ways of making that 2-5% profit rather than waiting 2 years for a trade.

tjtonmoy

sr. member

Activity: 1008

Merit: 366

Trust is the key for any business that's happening online. The same goes for cryptocurrency. It is called stable coin because it is meant to be equal to 1 stablecoin = 1 USD. So if it falls, how does that make it a stable asset? If it can't keep its value, how are people going to trust it? We have seen many incidents like this in the past. No wonder some alts doesn't make it through the starting point. The ability to provide what is promised is the main reason for many successful projects. I hate stablecoins and alts, so my opinion maybe different. But it is what it is.

Hamza2424

legendary

Activity: 966

Merit: 1042

#SWGT CERTIK Audited

Quote from: Jawhead999 on March 04, 2023, 10:15:10 AM

Snip.....

Just as a living example here but still as herding to OP, he is desperate to make a profit using such opportunities then there a chance of making a profit for example if OP places a limit order on Binance BUSD and dye to glitch or any bug suddenly BUSD falls to 0.80 then really OP can make a profit but there of such happening are extremely rare.

Haha, easy money destroys OP remember? Anyway, the example I have given is already happened many times, and recently on BUSd Binance USDT/BUSD pair.
Reasons for such incidents

Bugs
Low pair Liquidity

bittraffic

hero member

Activity: 3038

Merit: 617

I saw someone having that idea with stablecoin but it does need a huge amount of capital in doing it. What he was saying was that sometimes USDT drops at least $0.998. It's a very tiny difference but you can make some money if you also have a huge amount of capital for it. Small profit but safer to do especially if you are unwilling to lose in BTCUSDT. Not entirely a get-rich-quick plan but I'm sure he is not just the only one who saw it.

Squaremile777

jr. member

Activity: 92

Merit: 8

Quote from: Jawhead999 on March 04, 2023, 10:15:10 AM

Yeah it's really easier to said than done, because when the stable coin lose it's peg, the chance the coin will turn become dead coin is high because no one trust it anymore. How it's possible the price of a stable coin isn't stick with $1? it just kill the definition of stable coin since the developer unable to make the coin price back to $1. Now TerraUSD is still around $0.02 per each token, do you willing take a risk to buy it?

You should educate yourself what's the instutions plans with crypto projects.
Do some reareash,the keyword is rrrearch find info and connect the dots the more you learn and know the more you start to know.

I'll buy Terra yes becouse it's one of the big instutions favourite one.

Jawhead999

legendary

Activity: 1862

Merit: 1209

Yeah it's really easier to said than done, because when the stable coin lose it's peg, the chance the coin will turn become dead coin is high because no one trust it anymore. How it's possible the price of a stable coin isn't stick with $1? it just kill the definition of stable coin since the developer unable to make the coin price back to $1. Now TerraUSD is still around $0.02 per each token, do you willing take a risk to buy it?

Squaremile777

jr. member

Activity: 92

Merit: 8

I dont tell wich stable coin going to lose begg pegg.
But it's good becouse Even the LUNA was just shake off the retail hands becouse LUNA Will survive.
Anyways here is my plan Im waiting to one of the stable coins lose pegg 1:1 it will fall about 80% i guess so.
Then i'll buy back and i make huge profit.
The Market is wonderful the others pain is your gain.
Soon this stablecoin will fall so Im waiting like lion in the pushes to attack and eat big meal I sold allready this stable coin and exchanged for better ones.

Topic: Stable coins volatility pegg and unpegg can make profit too here is my plan (Read 98 times)