Topic: This is the last chance to exchange stablecoins for Bitcoin (Read 597 times)

Stablecoins are a scam since they offer both the disadvantages of fiat and cryptocurrency in one product. If I was you I would exchange them asap.

I try not to keep reserves in stablecoins, I prefer to keep some part of the reserve in fiat, and for the rest of the savings that I save for investment, I immediately buy bitcoin.

I don't think that stablecoins are dangerous, but for now I don't need to keep my savings in stablecoins, I don't worry about it. Bitcoin suits me perfectly, especially now that we are in a bear market, this is a great investment. Moreover, recently some stablecoins have lost their peg, and I saw that many had to be nervous because of this.

It is better to think carefully before investing. After investing you have to accept both profit and loss.  Especially if the price of investing coins goes dumping, then you have to wait for a few days for the prices to recover. If you sell the coins while they are dumping, you will have a chance of losing a lot. So I think it is not a good experience not to invest in this way.  If there is no profit from the investment, there will be a possibility of losing money.


If we wait when we have funds and invest when bitcoin price is dumping, we have more chance of profit. So I think we will never lose money if we invest in bitcoin but if we invest when bitcoin is dumping.  The amount of profit will be slightly higher.

there is no best opportunity and right time to invest in bitcoin, it's just that when we are ready in funds to invest, all the time you can invest in btc, because btc will always give ATH when it's time, you just need faith in this
That's my opinion, sorry if you think differently

Indeed, you're headed in the right direction. Although the best way I monitor the cryptocurrency market is to first convert my bitcoin to usdt to preserve the worth of the money I invested in it, if bitcoin decides to decline even further, I reinvest with my usdt, resulting in me acquiring more bitcoin than I did previously. I've been operating in that manner and making money at it for a while now. If you're interested, you can attempt the method.

Risk and loss are everywhere, it is difficult to rely on stablecoins because there is so much uncertainty about their clearance, if that stablecoin crashes then the entire fund can be wasted. Although this is a far-fetched thought, it can happen. So if there is a lazy fund, then investing in Bitcoin for long term can be a way to gain its security and profit from it. But here also it should be remembered that it will always bring profit but there is no guarantee, so no investment should be made in haste just to gain profit.

I think there is no point in leaving stablecoins in wallet unnecessarily. This stablecoin is worth investing in if the market analysis of bitcoin goes from bull market to bear market. and I think stablecoins hold for a long time and no profit is better than buying bitcoins and leaving them in wallets. And after a long period of time Bitcoin will definitely yield good quality profits.


I noticed that when the Bitcoin market went from $22k to $25k just a few days after the market filled the dumping happened. And then the price of Bitcoin dropped to $20k+ at that time a lot of people invested in Bitcoin. Shortly after that the Bitcoin market started a bull market and the price of Bitcoin reached $28k+. Those who invested during bear markets reaped animal profits. and with the current market position, the price of Bitcoin, I think there is very little chance of the market going down. Rather, the market is gradually moving upwards, surely the market will reach the high level very soon. Therefore, even if you invest according to your position in the market at present, there is a possibility of profit in the future. Of course it is better for me to invest in bitcoins and hold them for a long time, I think it would be wiser to invest in bitcoins rather than in stablecoin wallets.

Yes, if we keep our money in stablecoins, then our money will never be loss and profit. If we want to make money with our money, then we have to trade. For that, we can invest in Bitcoin. By investing in Bitcoin  We can make a lot of money without any risk. But sometimes we have to lose a lot of time due to some wrong decisions and if we trade with thought, then we have more chances of profit.

keeping our money in stablecoins will do no good. those who have doubts about the Bitcoin situation are newbies who panic easily. or those who trade in the market. since the Op created this thread I think Bitcoin has answered his doubts. when Bitcoin dropped lower but in a while Bitcoin made a surprising pump again. I guess it gives an idea to novice Bitcoin traders and holders.

I would guess that bitcoin has been, is, and will be the best thing to put your money into. That is my own opinion and of course it is vitally important that some people do not agree with me. I am not expecting 100% confirmation from people but as long as there are "some" people who agree with me, that's fine. I think there are no stocks, no fiat currency, no assets, nothing in the world that could ever make me as rich as bitcoin, no other coin neither as well.

Because, I believe other coins comes and goes, aside from maybe ethereum, but bitcoin is always there and will stay there. Which is why I always invest into it and will keep doing that forever. Not going to keep my money in any stablecoin ever.

The majority of bitcoin trades are still done on the counter with fiat; if most are done on exchange, bitcoin will have reached 50k by now. USDT may be the strongest stable coin in the bear, but with attacks on USDC and USD, we may not see the dominance of stable coins in the future like in the past.

If you have invested in bitcoin then try to hold on to your bitcoins because the market of bitcoin is starting to grow. If you invested in bitcoin when it was 20$k then you are in a lot of profit now I hope.  I will tell you that you try to hold on to your bitcoins.Yes I think so too those who invested in Bitcoin during 19k$ are now successful investors.Bitcoin price has increased a lot now. If we keep investing in Bitcoin there is never a chance to lose money if we invest at the right time.  I can. Now the market is very good, so I can't invest anymore. When the market is dumping again, I have to invest.

It's difficult to predict the exact price of Bitcoin due to its highly volatile nature, which makes it susceptible to pump and dump schemes at any time. However, if you're looking to accumulate Bitcoin, now may be a good time to do so. The current trading price is around $27K, but it's uncertain how it will move in the future. When this thread was created, it was a perfect opportunity to buy compared to the current price. Although we can't be certain if the price will drop to 20K, or when it may happen, taking advantage of the volatility would be a wise decision

I think the "last chance" in quotes, bitcoin always gives us the last chance, that moment is permanent with bitcoin at least in the short term, even medium term, by the way, this month bitcoin has had a minimum of 19k and a maximum of +28K, which which demonstrates that each month or each particular situation must be looked at very carefully and thinking about long-term actions.

I also converted my stablecoins into Bitcoin when it was 20k and now I am in a good profit within a short time. I think there will be a another chance to grab Bitcoin at a lower price before it pumps more. So traders can wait for the correct time to enter in the market.

Basically, there really isn't a right time for us to buy bitcoin, but if we believe in the future of bitcoin, I think that every time there is a decline, there is definitely an opportunity for us to buy it at a cheaper price and it's better to just do DCA when the market price is in decline stage to get more bitcoins with smaller capital, don't hesitate to buy bitcoins because when the bitcoin price rises, the initial losses that we experience will be covered, especially if we sell them later when the price has reached ATH, it can even provide a large amount of profit.

You do what you must I would say. At the point of thread creation, following the information available on the OP, the market looked bearish following the moves on the chart and the projections from OP. That dates back to 22nd of March following the most recent edit and barely 5days after (27th of march), we've had bitcoin continue to rally through the days that followed to $27k.
That's proof that, you can't be too smart in this trade. You just make inferences and follow them. You might profit, you might lose. I choose to hold no matter the condition. Swapping BTC - USDT might not have helped so much now, don't you think?
Let's continue to try but know that, we ain't so knowing on what the coin might do or not do.

It's been less than 3 weeks since the op said that it was a good time to exchange stable coins for Bitcoin. The price was around $20.5k, and it reached more than $28.5k just a few days ago. That's an easy nearly 40% gain or so over a few weeks of time. So yeah, even for nice and fast profit it was a good time, not to mention that one can choose to hodl and wait till Bitcoin fully recovers and outperforms its previous highest point. Maybe it wasn't the last chance, it's unclear yet, but it was certainly a good chance.

If you could have invested in bitcoins at the time you mentioned investing in bitcoins you would have made good profits now. Because the value of Bitcoin has increased significantly now compared to the time when you said you would invest. The price of Bitcoin is currently hovering around $28K ie when you mentioned the price of Bitcoin was a little above $20K.
If one bitcoin could have been invested this time it would have been $8K in profit which is a huge gain. But I think the time is not over yet. I think it is still possible to make a profit if you invest in Bitcoin.

The best time to invest was when the Bitcoin market was between $20k and $22k. The investment made at that time has reaped a lot of profit in the current market. And if invested for long term then there will be better hope in future. But the current market price of Bitcoin is around $28k and it won't take long for this market to become a bull market. I think currently if bitcoin is invested then surely profit can be achieved but investment should be held for long time. Those who want to invest must start investing from the current market. If you miss this opportunity, there may not be another opportunity like this later.

Yes, stable currency is essential to us, it is the perfect vehicle for us to enter the market and take a profit or stop loss when trading. Despite being entangled in a lot of scandals, they are still widely used today. Many doubts surround USDT, but it has persisted in the market.

It's a logical action. Stablecoins are good to use as an exchange currency. You won't find any other use for them.

It's probable that the fall of SVB and the other banks would be beneficial for Bitcoin in the long run, as people released the meaning of decentralization and to be your own bank. Therefore, the last rise up in price should be due to new capital joining the market, not because of the stablecoins being transferred into Bitcoin. Moreover, the most noted feature in the whole history of Bitcoin prices, is that it always moves against the crowd sentiment, thus confronting the crowd was always a good strategy in Bitcoin trading. The price now is almost double the ATL this cycle, which means volatility is still existing, and Bitcoin is still attractive for risk takers.


Stablecoins have been a controversial subject for years, but we can't deny their importance in the market. Imagine that you couldn't immediately freeze your crypto currency value because there're no stablecoins, how crypto trading would be? Or you need to make a bank transfer every time you want to buy a crypto currency. Therefore,despite naming a specific one, I think stablecoins will always be needed in the market in any form, but increasing the dependence on crypto-backed stablecoins like DAI could mitigate the effect crypto gets because of traditional financial problems.

They obviously will not disappear because someone else is going to take their place and then the whole fiasco gets forgotten, because the public memory is low and slow, but this forum and its members do remember.

Again most people dont care, they will keep stablecoins like any other coin and just flow through this in a couple of months or so. The real problem with stablecoins will however be understood by those who are diligent enough.

Still then I hope people concentrate more on bitcoin and buying it when it is low and not speculating the future of stablecoins, because someone will take over.

Maybe this is the last chance for people to exchange their stable coins into bitcoins before something bad happens. But if there are still people who believe that this problem will be resolved properly and still keep their USDC or use it for other purposes, I think that's fine too because each investor has a plan they want to achieve.

So it's true that it's better for them to exchange their stable coin for bitcoin or a promising altcoin because, in this case, many people are worried that there will be even bigger problems later. After all, if they can buy bitcoin with stable coins at a time like this, it could allow them to own more bitcoin even though they bought it at a higher price than some time ago.

I was really worried to watch usdc getting low around 0.90 cents levels. I had usdc in my binance account before CZ announced they will turn them all into busd automatically. It actually saved me from losing money, by luck. Anyways watching Bitcoin hitting like 21-22ks I started buying. When it hit 20-19k levels I was luckily awake (it was very early in the morning) and now I am sitting on profit. Thankfully. My cost of buying is very low so I plan to hodl for year until halving comes.

I Do agree with you but trust me a lot of people still use it when the bear market comes or when they trade on the futures market. 

and back if you remember actually there is a lot of news that talks about Stablecoin

1. Tether with their backed USD
2. USDC with SVB bank currently
3. Terra Luna fail
4. Paxos who backed USDP and BUSD against SEC

and Other but look people still gonna use it  and the marketcap is still on the rising  . Crazy Right

I don't it is the last chance to exchange. Stable coins are not gonna disappear

More reasons why you should never use stablecoins for anything other than a temporary trading hedge.

But what if there was such an idea that the majority would now believe that this is the last chance to exchange stablecoins for bitcoin? What is happening now in the market and the way it is presented to us needs to be very well thought out, no hasty conclusions should be drawn, and even more so, there is no need to follow everyone and succumb to the herd reflex.

First thing to follow for investors is to diversify their portfolios, and when it comes to buying Bitcoin, doing DCA is the best way to go so that they don't miss any price points and even if it dips more or goes up, there will always be a portion of it bought at a better price. So those who diversify and do DCA, will be on the positive side in the long run.

The price hike is a part of the upward movement that we are going to see soon. Though it may drop a little again before going straight up to $25k, this is a signal of that movement and it brings up some positivity among investors.

Investors find a way to invest when the Bitcoin market declines. And if there is growth then the right idea for sales. It is normal for the Bitcoin market to go lower and higher because the more the market goes up and down, the more investors will benefit from their trading success.  So when the price of BTC was 19k it was the right time to invest.

Bitcoin price is volatile and that's why people could take that as an advantage and make profit out of it. It's never too late to join. And why do you think that this will be the last chance? Even if you buy at $30k, there will still be profits in the long run. You are only talking about the short term investment return. Well you can do that, but in order to see the bigger picture, you need to have patience and faith. Also talking about price movements so confidently doesn't suites a Bitcoiner. What if the price falls to $10k or below? What would you say then?

I mean it was obvious that bitcoin would go back up, there was nothing wrong with it, on top of that all these "bad news" were bad news for fiat and not for crypto. With the way banks look like they are going to do a bit worse this year, it is smart to keep your money in bitcoin. That way if there is a money printing, or some bail out or something that goes bankrupt again, all of that would be fine for us because bitcoin would be a safe haven that we could invest our money into.

A lot of people realized this at the same time and they all went and jumped on bitcoin and bought a lot. This of course made the price go up and I do not think that we will go down anytime soon.

I am happy for you as well mate. But I suggest you to book some of your gains here (atleast 50-60% so you can have something again to reinvest later) as the market is still unclear about the next FED's commentary. There is an emergency meeting today regarding the silicon valley collapse and JPOW will have a speech as well. Then tomorrow again a new CPI data will be out. Markets could react brutal in both ways. Also, technically 22.8k is a resistance on the 4hr chart (200ma). It wouldnt break it easily if the news isnt on our side. There's a good chance to revisit 20k again before going up imo.

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EDIT: Woops, seems like I was brutally wrong about my prediction. It pumped in straight line beyond the resistance lol :/

There was a sudden spike with the market price of Bitcoin which is half expected given that the market price dipped til' $20k and that is the buyer's area perhaps. Diversification the other hand would work if you would be making the right choices 'coz if not, risk will just be bigger because the goal of diversification is also to diversify and avoid all of your assets on losing marks. So if you happen to diversify and things did not turn better, then that is where problem should be addressed with token choices. There are many altcoins to choose from but the fact that there is no clear trend line, gives second thought to investors whether to enter already or to wait for a little longer. Bitcoin would be a great choice but avoid thinking of an instant profit.

It happens because you have trusted Bitcoin more than stablecoins and you were able to hold until getting the desired price to sell.
Perhaps, the idea of diversifying our portfolio from stablecoins to BTC or altcoins has already been spreaded around. We can make a good profit from doing this especially if we got in perfect timing. You have did it right and you can still do more as long as you were not afraid to hold and not easily affected with your emotions and FUDs.

As we are talking, the price went up to 9.38% and this is a huge increase in just 24 hours the people who invested yesterday with a huge amount of money, surely are now celebrating, and the price is not yet finished increasing because there seem to have problem with the stablecoins right now and they also want to migrate their investment to bitcoins. Many think the price drop was gonna fell even lower than before but they were absolutely wrong and now the price might gonna reach up to $30k+ if they really meant to seriously switch their investment into bitcoin.

My benefit came from the small amount I converted from stablecoins to bitcoins. But if I had deposited coins I would not have seen this income.  Bitcoin price is likely to rise a bit moAnd I am very happy to see my benefits.

I don't know if this is the last chance to buy bitcoins or if we still have more opportunities. I only know that we can buy bitcoins at low prices. Of course, we can take advantage of this moment to buy a lot of bitcoins because the price is already low, but that doesn't guarantee that the price won't go back down because it looks like economic market disruptions will continue.

But the decision to invest in bitcoin at this time or wait must be really considered because the crypto market conditions are still as volatile as they are now. Maybe I can only suggest buying a little first to see the market reaction and if indeed the market price drops again, we can place a purchase order at the price we want. And stay alert to the current conditions because the movement is still difficult to know.

Well converting stablecoin especially USDC to Bitcoin is not a bad idea to avoid possible risk of losing in case bank run from customer will happened tomorrow. The tomorrow action of bank user will be the decision maker on what’s gonna happened on crypto market since USDC collapse will surely give a negative impact too on Bitcoin on short term due to the panic on crypto market.

I’m currently holding on fiat that sits on my bank account and avoid crypto as much as possible except for my initial investment on crypto that I purchased on lower price. There’s no guarantee that Bitcoin will be safe on the price dump but there’s a chance that Bitcoin will pump too if user use it as a safe haven against this stablecoin FUD.

Atleast on Bitcoin you can sleep peacefully rather than risking your money on USDC that just have a 5% profit margin when its repeg to 1$.

I thought that since the bitcoin market is currently down, I converted some stable coins to bitcoins. Some time ago I saw a news that the USDC price went up and down. But I am dependent on Bitcoin.  Circle said in a tweet on Friday that Silicon Valley Bank (SVB) has only $3.3 billion of the $40 billion in USDC reserves. The company mentions this in a blog post.  That's why I think stablecoins hold 4-5% of the dollar.  And the rest of the assets I converted into bitcoins and a small amount I mentioned in my post.  


So I want to know from you guys, am I on the wrong/right track?

Investor or trader change their cryptocurrency assets to stable coins because price going dump and the best thing is holding assets in stable coins and have higher values, but latest news many trouble with stable coins after USDC values dropped and many investor panic will the moment with USTC dropped happen with USDC?

Need transparent about stable coins nowadays with how much supply on the exchange market, we can't believing what the next stable coins will going drop after USDC dump, many possibility happen when holding stable coins is not always securing price keep stable.

totally agreed with your prediction but no one can predict the exact sentiments that the market could bring so pre-caution is necessary. therefore do not put your all assets in one go. do DCA for better profits and less loss. no doubt the market recovered after the last ban on Kraken staking and reaches between 22k to 25k and now due to the shrinking of deposits on the silicon valley market sentiments have changed which provides an opportunity to fill bags with some.

But we should keep some caution in mind before blindly putting money will lead us to nowhere. there are many newbies on this platform who could put their money in the market on your behalf and if things go wrong they will blame you so I suggest putting four magical words at the end (DYOR). There are other steps too that you should keep in mind like this SVB news provides an entry point ( best one) and many anti-crypto's used this as fuel to discourage people who are not even aware of crypto and blockchain's features. But ultimately this opens another entry door for those who did not fill their bags before.

But total self-research is also necessary before buying and if you are buying in bulk and like to hodl for a long time then suggest you should read this awesome quick compilation before getting started.
Things to keep in mind before accumulation of Bitcoin

Currently there are indeed many investors who exchange stablecoins with bitcoin, because the value of bitcoin is currently in a downturn so we must take advantage of this opportunity properly, because before the achievement of the new ATH, we must now be able to own bitcoin so that when others are getting big profits, we can also feel this, So now is a great opportunity that we can't waste, patience we really have to rely on because everything needs a process.

Yup! I think that was the worst case scenario already. And now even with a US bank going down which I just found out over the weekend, Bitcoin only slipped a bit, but that's mainly because of US dollar being strong.

It's silly to miss out on 20k, waiting for 15k, because once it goes to 30k, you already gain 1/3 of price, and we know 30k is a matter of when not if!

Do people are really excited about the release of BTC from MtGox? Might it be just another FUD or not, but it doesn't matter because we are still aware of the volatile situation of the market, it pumps and dumps for many reasons. So, if we are trusting Bitcoin since before then we have no reason why we got affected by the FUDs and worried about the future.
I still buy Bitcoin because I believe that Bullrun is coming, I can wait for it no matter how long it comes.

That is if they see this as a golden opportunity to start investing in bitcoin.
But if they are still afraid to enter the market and start buying bitcoins, they will never get started and will still think long and hard about when to start buying bitcoins.
They should really learn more about investing in bitcoins so they can see when the opportunity comes up and they can start buying bitcoins.
It takes some courage to get started and most people will start investing in bitcoin after getting solicitations from others.

Last chance, possibly not, one of the possible chances - yes.

But stablecoins will crash like this in view of different problems in future too. People need to understand the basic flawed nature of these currencies. I hope this deters people from putting in too much money in stablecoins in future. I use them mostly as an intermediary to hedge during the bull/bear retreat to be able to maximize bitcoin volumes on the other side, luckily I did not have any trades on USDC.

Sadly a lot many people want stability in the midst of volatility, while I try to reinforce that we dont necessarily need that since the yearly swing of bitcoin is <15% of opening price vs closing price, so will still continue to buy stablecoins.

Mark my words, in a few months a new stablecoin will appear and everyone will jump on that.

When there is a fud in the market as we see that USDC is depeg from the dollar, i don't think people will convert their stablecoins in bitcoin, rather the money will move out of the crypto market. We have seen this when USDC was depeg, the bitcoin price was also falling, meaning people are not interested to convert their stable coins into bitcoin.

Other than this, yes you have fiat money or stable coins , then you can convert them into bitcoins as this might be the last dip before the bitcoin price rally again towards 25k.

That's why I think holding Bitcoin is still the best option for now.  Bitcoin is in the range of 22k - 25k but in my view that Bitcoin will experience a price increase in the middle or end of 2023. I have read and analyzed some of the data I got from various sources and I think Bitcoin will not experience significant changes even though at this time the FED  do something to prevent inflation from impacting the cryptocurrency market.

I think the problem with this analysis is that you totally ignore macroeconomic conditions.
Overall, bitcoin is down because the economy is suffering, inflation is still high and FED is still hiking rates. Bitcoin's price is connected with the stock market so when it goes down, bitcoin goes down too.

So I think when you want to analyze bitcoin price and give investment advice, you should also consider macroeconomy.
Personally, I don't see any signals that bitcoin will go above $20-22k range in the close future. We all need to wait for the FED to stop raising rates and the economy getting healthier and for people to get spare money to invest in assets.

Lot of stablecoin now at depeged from one dollar which is bad since their host bank filled chapter 11 or fail to pay all. Like the recent news i think is better to convert to crypto before anything goes bad and you cant exchange your stablecoin.



https://www.coingecko.com/en/categories/usd-stablecoin

Yesteday even worse

More or less? If we exclude algorithm-based stablecoin, then all of them are centralized by all means. What surprises me more is we are trusting a bank through a company. If the company was holding our money, that would be far better but we are not trusting them but the bank lol. USDC's recent chaos is the perfect example of why we shouldn't go for a stablecoin though sometimes we get forced lol.

The whole idea of a "stable" coin is flawed because it depends on external factors which in turns creates a distortion which grows and grows until it breaks. It is the same reason pegging a fiat to another will end up the same way even when enforced by the State (if you check history, behind hyperinflation there is always a pegging). The so called "volatile" price of Bitcoin is a honest market price, as shown in the long term graphs, its a steady climb. The people who don't understand fail to realize fiat is a descent (by design, infinite emission).

So it either breaks because their reserve was too low, because someone played with the reserves, because code failed to react to external events or data came "too late", etc. Pegging always breaks sooner or later, you are simply being blindfolded from the truth, just like a PPS pool...

There are too many elements that can make a peg break, and they all do sooner or later. So its best to not peg in the first place. To add insult to injury, almost none of those "stable" coins are "tokens", meaning they don't even have their own blockchain to begin with. It is hilarious that some even peg against each other so things like Luna occur.

You could argue it was not Circle's fault the bank they choose to put their reserves failed. Of course they can fail, they do fractional reserve. Guess who also does fractional reserve? That's right, Circle. None of the badly called "stable" tokens do 1:1 and even if they did, the other external factors (like in this case, a bank failing) could hit them regardless.

Do you trust your bank? Why trust these? Don't trust, verify: Bitcoin. P2P electronic cash, no banks, no exchanges, no State. Its not a mere asset...

That means it's not the last chance, right?
All in just for the reasons above is not a good decision imo, bitcoin never closes the opportunity to go to a lower level. The news of the release of Bitcoin from Mtgox is still no updates, but I believe that at this time several media are preparing their versions of FUD and as usual the market reaction will be seen immediately.

So if the shares of BMW drop in half everyone will be selling his car?  
Customers choosing to withdraw money are not doing so looking at the shares, and shares did tumble exactly because the bank failed to secure enough liquidity, so it's the opposite way around.


The chances are not only high the chances are 100%, because if everyone buys then there is going to be a maximum cash inflow that will for sure make the price go beyond the previous ATH at least. The problem is, if everyone buys, what do they buy since nobody sells?


And, you have guys on twitter claiming to buy as it's the easiest 11% you can make!
Saw that while Luna was cashing down also, so not surprised even a bit.

A bit oversimplified but yes. There are a lot of other issues, but that is the one that caused the implosion so to speak.

If you are driving fast, on a wet road, with bald tires and bad suspension, did that pothole really cause the crash?

does it really matter? People will keep putting money into the next big thing. From what I read even if USDC does take a hit from this from what I read they do have other insurance but getting accurate info now is kind of difficult.

-Dave

to be more specific to the explanation

SVB privately invested customer balance into treasury bonds at 1%

when the bank run occured/started. SVB had to sell the treasury bonds to liquidate the bonds back into fiat to then honour withdrawals of SVB customer fiat balance

the big problem is that the bonds market have ample bonds at higher % to trade. so no one wants the 1% bonds. thus SVB had to sell them at a loss to liquidate them
meaning SVB did not get 1:1 value of bonds. thus made a loss meaning their SVB customer balance is no longer 1:1 of available fiat

USDC is currently loosing it's peg and is around 8% down at the time of writing... 

Currently it is impossible to know the exact signs of Bitcoin.  No benefit can be gained by holding stable coins. I converted to Bitcoin from Stable Coin and got $0.00196440 Bitcoin. So am I wrong or am I on the right track.
I Want advice?

What's your take concerning this concept of converting stable coins to Bitcoin, because Bitcoin is getting  low in price,  and you sense that bitcoin will decrease more often. what will be the benefits of someone who converts its stable coins to Bitcoin since Bitcoin  is having deficiency in the market, the explanation of yours is contradictory, I think you need to throw more light on this your scenario. From my perspective its now someone needs to buy Bitcoin as its decreasing in value,  because its acceptable to purchase Bitcoin when the price is getting low so that when it appreciate you will make a little profit, but not in a situation whereby Bitcoin have no life and you advice people to convert their stables that has live to bitcoin that's downgrading.

Please don't say it. The world won't end tomorrow and Bitcoin won't skyrocket to $1M tomorrow or won't die tomorrow. You always have chances to get Bitcoin at many different prices.

Chances including higher and lower prices. Nothing to be sure that Bitcoin won't fall back to $16k again in future. Remember the market is in bearish phase and likely in accumulation phase. Before a new bull run, we can see another Long squeeze to kill leveraged guys and wash out the market for a healthier bull run.

If you believe in callings like "Last chance" you will fall into FOMO traps that are not good for your portfolio surely.

I find this part of your comment contradictory. Perhaps you didn't get in the right grammatic usage. You called for stablecoins to be exchanged for Bitcoin but on the other hand you're saying "Bitcoin price is likely to move lower." I don't know why that ambivalence is.

However don't think now is a last chance to get in. I know you're saying it in the light that now affords us a better lower entry point but we can't be sure it's. Price can still go down but what is certain is that price will still soar more than what it's now. Anyone interested in Bitcoin should buy whenever they can and not think much of their entry levels, especially if they're going to hodl.

You should never bag hold stable coins in first place considering how risky they are since they are all more or less centralized with shady companies behind the project controlling everything there is about the coins in and out of circulation. If you want to go out of the market then convert to fiat instead while only using stable coins when you have no other choice.

As for bitcoin price, what we saw was actually very common when a resistance is not broken (ie. $25k) and it is not a big drop as some people may think. It was retesting the support once again and so far it has not resulted in any actual downtrend (price is still at $20k that is the support).
Of course we have the negative news and the FUD to contribute to that fall trying to make it bigger and failing, so far...

It just two months since Bitcoin stayed between 22k and 25k so it is not long yet. March seems to have a different market structure but yet not enough to conclude it will be the last chance to swap from stable coin to Bitcoin. As far as the market keeps having engagements opportunities will always surface at various stages. Even if this might be the last time we will see Bitcoin at $20k this year if it ever happens there will always be newer opportunities.

I kinda agree with you there too. Bitcoin already tested the $15k+ price and seriously I don't think Bitcoin might be falling to that point again even though as you said, this is just my thinking too looking at it from this chat except for something unusual happens.

Of course it's good to do in the current term, and I think it's also very good for those who invest in the long term, it's more profitable but if holding it in the near term we hesitate to say, the current movement is very erratic in the sense that it could go down lower or will rise, for those who want to survive reaching $ 20k and above it might be good to invest.

Now Bitcoin is undergoing a price correction, and providing an opportunity for those who want to invest, some people can use their stablecoin to exchange Bitcoin, this is a good move I think, Bitcoin's situation will improve when the demand for offers increases and follows with trading, although there will be a correction later.

Last chance? I doubt it. But one of the last few chances yeah, I'm totally in agreement.

But just because I think so doesn't mean I'm going to tell people to do so.

I know from forums and reading on reddit people are staking their stablecoins for 4% a year, and earning additional CAKE on BSB. or what ever other Defi chain there is.

They will think they are happier to do that while waiting for BTC to go to 10k.

I think they will be wrong, but again, who can tell?


Lols everyone takes "advantage" of thousands of altcoins opportunities, guess what happens to those?

Definitely, it will happen the chart doesn't lie. That's why hoarding BTC is really a good strategy since the value will surely hit more than the ATH in the future.

And as I analyze it with my personal technical analysis, BTC might go down more than $17k if the support level area will be broken. 

I highly suggest not exchanging stablecoins right away but waiting for the right time when the market will are recovering from the bear trend.

The price of Bitcoin often stayed between 22k and 25k for a long time.  But since then the price has been much lower.  Nowadays many people are afraid to invest.  Bitcoin market is down now so now is the right time to convert stubble Stable coins to bitcoins.  Bitcoin price is now at $20,404 and Bitcoin price is likely to move lower.


Reasons for the current cryptocurrency market downturn: The closure of the US Silicon Valley Bank (SVB) caused Bitcoin prices to fall overnight.  SVB, the US lender to startups, announced on Wednesday that it will sell shares worth $225 million to strengthen its balance sheet.  One of their announcements spread among the bank's victimized customers and created panic among customers and investors.  Then as the share price drops by more than half, customers are more likely to withdraw their money.  Due to this, the Silicon Valley Bank (SVB) bank was closed.



I had a small amount of stubble Stable coins that I turned into bitcoins.  This is the last chance that Bitcoin price will continue to improve in the future.  If everyone takes advantage of this opportunity, the chances of Bitcoin price going up are very high.