The falling of "stablecoins"

Discussion in 'Crypto Assets' started by guest_trader_1, May 16, 2022.

  1. deaddog

    deaddog

    FOMO!!
    That's what seems to be driving the market.
    Until someone can explain why BTC is worth the price it's trading at then I'll treat it as a Greater Fool Asset and trade the trend.
     
    #11     May 16, 2022
  2. Pekelo

    Pekelo

    That means I was right about 7 times, when the price fell by 70% or more. :)

    I also happened to be right about Terra/Luna, so... Do you have an actual argument? I really appreciate the personal recognition of my greatness, but that won't convince other would be investors about your ponzi that they should buy in....

    Hey wait, did I forget to mention my 28K call about BTC when it was still at 43K? Because that came 11 months faster than my allowed timeframe. I must be on fire!

    But if you want to trust a billionaire who is just talking his book but rode his company stock down by 85+% TWICE, it is your prerogative...
     
    #12     May 16, 2022
  3. RedDuke

    RedDuke

    we already did - the only reason fake money like Tether.
     
    #13     May 16, 2022
  4. Did DAI fail?

    Nope.

    Because DAI is the fucking shit and is done properly.
     
    #14     May 16, 2022
  5. MKTrader

    MKTrader

    Why not mention the only two Stablecoins mentioned by anyone reputable in crypto, yield farming, staking, etc.--USDT and USDC? Oh, it must be because they're sitting near par with the U.S. Dollar. And because it's another crap thread by failed traders taking their frustrations out on crypto.
     
    #15     May 16, 2022
    johnarb and GlobalMacro90 like this.
  6. I am feeling that dip and now starting to think that crypto is a scam.
     
    #16     May 16, 2022
  7. maxinger

    maxinger

    hmmm. UST USD still alive.
    when will it die?
     
    #17     May 16, 2022
  8. DAI is the only true stablecoin. All the others are based on trust.
     
    #18     May 16, 2022
  9. mikeriley

    mikeriley

    #19     May 16, 2022
  10. #20     May 16, 2022