Will USTC hit 1$ again and be a stable coin ? - page 2.

JeffBrad12

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Quote from: kotajikikox on December 19, 2023, 12:46:22 AM

Quote from: Alphazet on December 04, 2023, 07:07:52 AM

What do you think about USTC that was Terra Luna stable coin which fell from 1.00$ to 0.01$ cent
I bought some of them atm its 0.06$ as it had a jump does it have a chance to reach 1$ again and be a stable coin
What are your thoughts on this ?

Not sure if this is coming even in the future because who will trust Terra Luna in the first place? if you are expecting this to happen then sorry but it will not.

and also one thing , what this could do for you? are you still holding tons of this coin? sad if you do mate.

im pretty sure back in november there were pump for USTC out of the blue and it goes as high as $0.06 i guess he just get that fear of missing out and buying at peaks, honestly there's no clear and obvious way to predict a stable coin that has lost its peg its basically like we are talking about car that doesn't have engine, its existence in the first place is already useless and no it will not go back to $1 the value when the coin was still functional at best it will be pump and dump, maybe might reach $0.06 sometime but even then as the time goes, people will forget about this coin and eventually there will be no trading volume and therefore the lost of value.

i just honestly don't such think coin like this could even exist for another bullish cycle, this coin still got volatile because some people just can't move on because they already lost a lot to this coin therefore the will to kept on trading to make up for their losses.

kotajikikox

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Quote from: Alphazet on December 04, 2023, 07:07:52 AM

What do you think about USTC that was Terra Luna stable coin which fell from 1.00$ to 0.01$ cent
I bought some of them atm its 0.06$ as it had a jump does it have a chance to reach 1$ again and be a stable coin
What are your thoughts on this ?

Not sure if this is coming even in the future because who will trust Terra Luna in the first place? if you are expecting this to happen then sorry but it will not.

and also one thing , what this could do for you? are you still holding tons of this coin? sad if you do mate.

peter0425

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Quote from: kentrolla on December 04, 2023, 08:28:11 AM

It doesn't matter whether USTC reaches $1 again or not but what is even more important is the fact that why would we trust it once again? it's once abandoned project which made investment of thousands of people vanish like dust particles and I think it's just whales pumping and it will be rug pulled very soon by them once they pump it to a level where there coffers can be filled once again. It's a trap and just take last one week's data as example it pumped to $0.078 from $0.01 and then dropped to $0.03 and now again pumping towards $0.07. This coin can never be trust even as a shit coins nd you are asking about stable coin ?

that's is the main point , who would trust a scam project even if it so called Stable coin ? how could users be having stable trade when they are always having second though of using this coin?
so there is no need to continue this discussion because it is obvious that the Shill from terra luna team or those losers that wanted to pump this coin is in the back of it.

shinratensei_

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Quote from: koang on December 17, 2023, 01:04:05 PM

Yep, this is insane
But unfortunately there are many people out there who believe a tremendous recovery will occur during the Bull market.
They were lulled by tweets in the name of the Lunc community which were all made up. Nostradamik verbal

If there any pump it will be big dump. No body will support Terra again.

I guess the reason some people are still investing until this day is due to the fact that they thought in the future luna could somehow got back up again, frankly speaking, its entirely different with ftx case if anyone is concerned that luna is the same as ftx, its just different with ftx there's possibility of bailing out and also recently the ftx has proposed reimbursement towards many of the victim with luna, the founder just straight up scamming and this USTC is just straight up a product of failure that shouldn't even exist anymore but it seemed some people out there are so eager to keep this coin from disappearing therefore the many investors that thinks this coin could somehow peg itself to $1 again (impossible right there)
even luna is climbing up because some random people just like to try reviving some scam coin, in my opinion this just prove that some people just outright disregard the well being of the coin they invested, not knowing fundamental just throwing away their money.

batang_bitcoin

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Quote from: wxa7115 on December 16, 2023, 10:31:15 PM

They are simply dreaming with their eyes open, as the community as a whole is not going to forget about what happened, and the only fate awaiting for that coin is to disappear.

It won't disappear but it will eventually die because of how the community will decide on this one. Those that still up til' now that can't move on, they're hoping for something for it to happen and for the best of it. But no matter what they do, it's no longer going to be back to its former.
That's the reality with coins that have been involved with controversy and it's mostly going to remain as a meme coin because people that will buy it will not think of what they do and it's just out there for the liquidity and quick money.

koang

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Quote from: wxa7115 on December 16, 2023, 10:31:15 PM

Quote from: koang on December 16, 2023, 07:30:08 AM

~ ~ ~

For some reason I cannot really comprehend why there are some investors out there that have seen the crash that Terra Luna suffered, the consequences it brought to all of those that were invested in that coin, and even the consequences those that were just part of this market at the time had to pay, and they still think that we are going to forget about all of that and invest in that coin again?

They are simply dreaming with their eyes open, as the community as a whole is not going to forget about what happened, and the only fate awaiting for that coin is to disappear.

Yep, this is insane
But unfortunately there are many people out there who believe a tremendous recovery will occur during the Bull market.
They were lulled by tweets in the name of the Lunc community which were all made up. Nostradamik verbal

If there any pump it will be big dump. No body will support Terra again.

wxa7115

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Quote from: koang on December 16, 2023, 07:30:08 AM

Quote from: Alphazet on December 04, 2023, 07:07:52 AM

What do you think about USTC that was Terra Luna stable coin which fell from 1.00$ to 0.01$ cent
I bought some of them atm its 0.06$ as it had a jump does it have a chance to reach 1$ again and be a stable coin
What are your thoughts on this ?

USTC chance jump to 1$ again? Impossible
Terraform Labs and Do Kwon is scam, they defrauded investors

In the aftermath of a token crash attributed to an algorithm fault, USTC started to rapidly lose value
those who invested in USTC have lost most of their funds.
The market crash resulting from this incident continues to have lasting effects, with multiple attempts to revive the ecosystem proving unsuccessful.
Cryptocurrency is decentralized. So to be succesful, Crypto project need community trust.

For some reason I cannot really comprehend why there are some investors out there that have seen the crash that Terra Luna suffered, the consequences it brought to all of those that were invested in that coin, and even the consequences those that were just part of this market at the time had to pay, and they still think that we are going to forget about all of that and invest in that coin again?

They are simply dreaming with their eyes open, as the community as a whole is not going to forget about what happened, and the only fate awaiting for that coin is to disappear.

MFahad

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Quote from: lixer on December 16, 2023, 12:09:46 PM

It was a stablecoin, but it has now become a meme coin thanks to Terra Labs and Do Kwon. I don't know how the hell they thought that they were going to create an algorithmic stablecoin and it's going to work, without it having any backing of actual assets and it will be directly connected with LUNA which was the main coin of the project which was also ruined because of USTC and it's failure. The failure of the algorithmic stablecoin caused the project to fail miserably.

What a bad time for luna team, Luna and ustc holder and whole crypto market. This bad event happened when everyone have fully trust on luna project and people were waiting when Luna will down below 50$ so they grap more token for long term. No one know that very soon luna candle will always go out. The bad strategy ruined the whole devolped project and create history for other projects to learn from it.

Quote

To be honest, I don't see any hope for USTC, LUNA, or LUNC to gain substantial value in the future. I believe they will always just be small altcoins with volatile prices that people might trade for small amounts of profit but there will barely be investors who would think of buying and holding any of them.

True, there is no future for any Luna related token. it is possible that token pump for some days just ustc are seen many times but then it will again dump to back state. 1$ is almost impossible now

lixer

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Quote from: ichsan ardi on December 07, 2023, 09:43:27 AM

Quote from: Alphazet on December 04, 2023, 07:07:52 AM

What do you think about USTC that was Terra Luna stable coin which fell from 1.00$ to 0.01$ cent
I bought some of them atm its 0.06$ as it had a jump does it have a chance to reach 1$ again and be a stable coin
What are your thoughts on this ?

it's hard for me to make ustc return to 1$ you could say it takes a miracle for that to happen but nothing is impossible in cryptocurrencies but it takes a long time for that to happen and make people believe again ustc is a stable coin for everyone's transactions

It was a stablecoin, but it has now become a meme coin thanks to Terra Labs and Do Kwon. I don't know how the hell they thought that they were going to create an algorithmic stablecoin and it's going to work, without it having any backing of actual assets and it will be directly connected with LUNA which was the main coin of the project which was also ruined because of USTC and it's failure. The failure of the algorithmic stablecoin caused the project to fail miserably.

To be honest, I don't see any hope for USTC, LUNA, or LUNC to gain substantial value in the future. I believe they will always just be small altcoins with volatile prices that people might trade for small amounts of profit but there will barely be investors who would think of buying and holding any of them.

koang

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Quote from: Alphazet on December 04, 2023, 07:07:52 AM

What do you think about USTC that was Terra Luna stable coin which fell from 1.00$ to 0.01$ cent
I bought some of them atm its 0.06$ as it had a jump does it have a chance to reach 1$ again and be a stable coin
What are your thoughts on this ?

USTC chance jump to 1$ again? Impossible
Terraform Labs and Do Kwon is scam, they defrauded investors

In the aftermath of a token crash attributed to an algorithm fault, USTC started to rapidly lose value
those who invested in USTC have lost most of their funds.
The market crash resulting from this incident continues to have lasting effects, with multiple attempts to revive the ecosystem proving unsuccessful.
Cryptocurrency is decentralized. So to be succesful, Crypto project need community trust.

cakravothy

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Quote from: Alphazet on December 04, 2023, 07:07:52 AM

What do you think about USTC that was Terra Luna stable coin which fell from 1.00$ to 0.01$ cent
I bought some of them atm its 0.06$ as it had a jump does it have a chance to reach 1$ again and be a stable coin
What are your thoughts on this ?

very dificult ustc can hit 1 dollar, i think imposible
if tera founder still stays and takes care of the coin, maybe there is still a possibility that it can go up.
but luna coin same founder ustc The price is also very bad, it price only 1 dollar, what's more the price of lunc is really bad.

GreatArkansas

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Quote from: slashz9 on December 08, 2023, 05:46:26 AM

I don't think that everyone has taken their money from there, so the increase we see is only due to the actions of a group of people who want to make money by doing pumps and dumps,you will see in the long run it is not good.

Yes, just like what happened in LUNA. It's now difficult to gain the trust of the people.
This stablecoin is already done as what happened in the LUNA project. The goal of this project was good but it just screwed.
I don't believe this stablecoin will go back again in $1.

JeffBrad12

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Quote from: goaldigger on December 07, 2023, 04:38:23 PM

Quote from: Alphazet on December 04, 2023, 07:07:52 AM

What do you think about USTC that was Terra Luna stable coin which fell from 1.00$ to 0.01$ cent
I bought some of them atm its 0.06$ as it had a jump does it have a chance to reach 1$ again and be a stable coin
What are your thoughts on this ?

Lower your expectation and be more realistic, we all know what happened to this coin and we should learn from it.
Considering the supply, and the team behind this we might not be able to see the $1 price again with USTC, not unless it will be hyped by the whales again and it will be supported by many investors again, this is their only chance to pump that much, and its called manipulation for the benefits of the big investors.

getting support from investors kinda realistic, how can an investors invest in this coin if even the company behind it has fallen so therefore this coin has already lost its purpose from long ago.
moreover, $1 might be realistic but the coin would be volatile, since its not a stablecoin where it got some back up from entity behind it and got some reserve, if compared with the like of USDT its clear that USTC is just some failed product and amounts to nothing since the system already failing from day 1.
honestly at this point i'd just only have the opinion that we should just forget this coin exist, switch over to better coin that has recorded of being reliable and also have transparent reserve.
this USTC at best would just be like LUNC , it exists, it will have some pump along the way but we all know that there's no fundamental backing the coin up therefore the coin is just gonna be some random coin with no meaningful purpose to exists.

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Quote from: slashz9 on December 08, 2023, 05:46:26 AM

I don't think that everyone has taken their money from there, so the increase we see is only due to the actions of a group of people who want to make money by doing pumps and dumps,you will see in the long run it is not good.

We have investors that have solid strategy for longterm and also the one that have plans for short-term formulations of earnings. No one is perfect and making mistakes do occurred in the system on daily basis. The coin can pump to the moon, nothing is too impossible to happen in the market, as long we have the bull and bear season, accumulating profits becomes a top targets. Not all investors are desperate to withdraw their profits, most of these investors are set for long-term projects, that's were patience comes in the picture.

wxa7115

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Quote from: slashz9 on December 08, 2023, 05:46:26 AM

I don't think that everyone has taken their money from there, so the increase we see is only due to the actions of a group of people who want to make money by doing pumps and dumps,you will see in the long run it is not good.

The volume of USTC is on the high side to be manipulated by pump and dump groups, so either the whales are the ones manipulating its price or retail speculators as an aggregate have enough strength to move the price of this coin.

But whatever the case USTC has no chance at all to recover its dollar parity, as even if for some reason people forgot about what happened and kept investing in the coin, there are many people that still hold some of their coins, and if the price were to recover they will sell all their coins and make the price to drop once again, preventing the dollar parity from ever being reached.

slashz9

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I don't think that everyone has taken their money from there, so the increase we see is only due to the actions of a group of people who want to make money by doing pumps and dumps,you will see in the long run it is not good.

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Quote from: SamReomo on December 07, 2023, 12:00:26 PM

Quote from: 2Pizza410000BTC on December 07, 2023, 11:39:37 AM

I never thought USTC would be $1. People have been cheated a lot in this Luna coin scam. When this Luna platform started scamming people people left and started hating this platform. Now no matter how many updated news they bring people will never believe and invest in them. This currency will never become a stable currency if people don't trust and trade and invest. Only those who think USTC will become $1 again invest and succeed. We don't want to be cheated again by investing in these fraud coins.

There's a big community that think that USTC can repeg to $1 and that will allow Terra Luna Classic to gain value as well. Luna platform was a big failure which caused huge damage to the crypto market but still many people hope it will come back and the price of 1 Lunc (Luna Classic) can reach $1 per coin. USTC has gained some value in past few days but it's still a long way for it to reach $1 in value and I believe it won't be able to reach that value ever. I know that a huge community backs that coin but still it's not an easy thing to see a coin gaining 100x when it failed totally in past.

A USTC price of $1 would have been possible if people believed in and invested in USTC. People don't trust the USTC and don't invest to hold it long term which is why the USTC will undoubtedly never reach $1. Current pumping may be tied to the maximum pumping rate for USTC. But for those waiting to see USTC hit $1 I think the wait won't be over. But those who want to do temporary trading with USTC can trade in this case you can never hold long term. Because at any moment the USTC market may be dumping.

JeffBrad12

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Quote from: ichsan ardi on December 07, 2023, 09:43:27 AM

Quote from: Alphazet on December 04, 2023, 07:07:52 AM

What do you think about USTC that was Terra Luna stable coin which fell from 1.00$ to 0.01$ cent
I bought some of them atm its 0.06$ as it had a jump does it have a chance to reach 1$ again and be a stable coin
What are your thoughts on this ?

it's hard for me to make ustc return to 1$ you could say it takes a miracle for that to happen but nothing is impossible in cryptocurrencies but it takes a long time for that to happen and make people believe again ustc is a stable coin for everyone's transactions

nothing is impossible indeed but if this USTC could ever reach $1 its because volatility and would soon either go up and down again not always stable at $1 because quite frankly speaking its impossible for it to have stable nature when there's nothing pegged to this coin, simply impossible from the technical aspect and practicality, even those stablecoin with pegged reserve are still sometime quite volatile even a little bit but with this USTC that has falling from its primary use as a stablecoin and now have absolutely no reserve anymore to peg, simply put impossible.
I mean i can understand why many people truly wish this coin to be able to reach $1 again somehow but usually a coin that stray from its purpose can be labeled shitcoin, the fundamental is too weak in my opinion

goaldigger

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Quote from: Alphazet on December 04, 2023, 07:07:52 AM

What do you think about USTC that was Terra Luna stable coin which fell from 1.00$ to 0.01$ cent
I bought some of them atm its 0.06$ as it had a jump does it have a chance to reach 1$ again and be a stable coin
What are your thoughts on this ?

Lower your expectation and be more realistic, we all know what happened to this coin and we should learn from it.
Considering the supply, and the team behind this we might not be able to see the $1 price again with USTC, not unless it will be hyped by the whales again and it will be supported by many investors again, this is their only chance to pump that much, and its called manipulation for the benefits of the big investors.

o48o

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Quote from: Alphazet on December 04, 2023, 07:07:52 AM

What do you think about USTC that was Terra Luna stable coin which fell from 1.00$ to 0.01$ cent
I bought some of them atm its 0.06$ as it had a jump does it have a chance to reach 1$ again and be a stable coin
What are your thoughts on this ?

Why would you even think that? Stablecoins aren't magic. You can't wish them up and stable. They need to have a mechanism. If that mechanism fails, whole system falls apart. There's no saving it.

Imagine having a currency of a imaginary country, it would be called $SCAM that would be pegged to dollars by a promise of your leader, now your country fell apart and leader goes to jail. Why would that $scam have any value? Would you believe that one day your innocent leader escapes from jail and saves the day by promising it again?

Topic: Will USTC hit 1$ again and be a stable coin ? - page 2. (Read 660 times)