how is USDD is a better project than LUNA when its just a doing the similar mechanisms, printing new tokens in a unsustainable amounts? ..
Both UST and USDD are decentralized algorithmic stablecoins, so they are equally vulnerable. The difference between USSD and UST is only that its capitalization is much smaller and, accordingly, the team of this stablecoin has more chances to restore the peg to the dollar by buying back excess coins from the market. |
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All is about our perspective and point of view. Pessimistic people will think this is the end of crypto, we should sell and leave crypto.
But the Opportunistic people will always take any opportunity even in this bear market. They buy and accumulates during this phase, and patiently wait for crypto hype again in few years later.
In this case, there are 3 options for behavior in a bear market: you buy coins at a reduced price; you are fixing a loss; you continue to hold coins, waiting for the price to recover. And only the first option is preferable in a bear market, but it is only for those who have sold their coins at a high price in a timely manner. |
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...My friend told me that USDT is the best staking crypto for mining pools and you get the best value so why change it up now. I only follow advice from people I respect and my friends has been doing real well so I continue to take his advice and it’s been working.
Such following the advice of friends at some point may lead to the loss of your deposit. Look at what is happening on the market now, large funds with huge financial resources and qualified specialists are incurring losses commensurate with billions of dollars. I think if you learn more about USDT, you won't be so categorical. |
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as far as I know elon himself never really pursue anyone into investing in dogecoin...
I can't refute or confirm your words, but I know for sure that a year ago Elon Musk bought Dogecoin for his one-year-old son, which he tweeted about: https://twitter.com/elonmusk/status/1359519541219500033 After the publication of this message, the price of Doge immediately increased by 31% from 0.06 to 0.081 dollars. |
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...what we can do is waiting for market recovery, 2024-2025 I'm sure all holders can laugh
No one can know when the market will recover and become bullish again. Therefore, all these tentative dates have nothing to do with reality. But I am only sure that the reversal will happen at the very moment when no one will believe in it anymore and most market participants will open short positions, expecting a further decline in the market. |
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To be honest, we're in the season where the study of the market and strategy will mostly provide negative results because experience traders are also making a huge loss,
You will have losses only if you bought coins at high for your entire deposit and continue to hold them. This tactic brings profit only in the bull market, but if the market has changed to bearish, be prepared for the fact that every day your deposit will become smaller and smaller. |
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...I wonder if EUROC will be fully backed by real EURO, or as usual, some in fiat and the rest in securities? Then it will be another stablecoin, which sooner or later will lose its connection to the EURO.
Given the fact that USDC is fully backed by the dollar, it can be assumed that EUROC will also be fully backed by EUR, since they have the same issuer. The time-tested mechanism of USDС functioning does not require additional innovations, which will be transferred to the new EUROC stablecoin. |
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At the moment, I completely refused to keep my money in decentralized algorithmic stablecoins, since most of them have lost their binding to the dollar. USDC is more attractive for saving your funds, since this stablecoin is fully backed by the fiat dollar, but at the same time the risk of blocking increases for those who may fall under sanctions, since it is centralized.
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...It's not exactly an algorithmic stablecoin like UST was, so this wasn't supposed to happen. With TRON DAO having a huge allocation of coins in its reserve, the peg should've been restored by now. Does this mean collaterized stablecoins will have the same fate as algorithmic ones? If that's so, then DAI will be the next one on the list to lose it peg.
No, these are identical algorithmic stablecoins, and their support is carried out by the main coin of the corresponding blockchain. Their only difference lies in the capitalization, which in USSD is 15 times lower that was on UST. It is for this reason that it is still possible to restore the value of USDD, since it is easier to redeem the surplus of this stablecoin. |
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...Im planning to buy btc price around: 19500$ at the time of writting..
Making purchases contrary to the global trend is a bad decision when investing. The fact that the price has broken through the high of 2017 and is trading under it does not inspire confidence that there has been a market reversal. Therefore, I think that soon you will need the remaining 50% of stablecoins for DCA. |
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The psychology of an ordinary, non-professional trader is that he is ready to buy bitcoin at a price of 20 thousand dollars when the current price of BTC is $ 50 thousand. But when the price of BTC drops to this level, he is afraid to buy at this price, expecting a further decline, while a professional trader makes purchases.
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...So we really can't blame Elon Musk if he wants to promote Dogecoin, as investors, we must make wise decisions and be responsible for every decision we make.
We can't know exactly how much Dogecoin Elon Musk holds at the moment. Perhaps he, as well as his followers, has a negative result, holding a losing trade. But it is known for sure that Tesla, headed by him, has a loss of $500 million from holding a position in bitcoin. So this indicates that it is impossible to treat Musk words as financial advice and everyone should make their own decision. |
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Less than 2 months have passed since the launch of the decentralized algorithmic USDD stablecoin, and it has already lost its binding to USD. For those who closely follow this topic, this fact is not surprising, but provided an opportunity to get a profit from the TRX short.
Wouldn't count on it. If you know about the Luna case then I think you know it was clearly an inside job, done by Do Kwon to scam people's money and pull an exit. TRX can also stop the peg rate if they feel they were under of same Luna-style attack which took Do Kwon long enough to pull the plug. Still, I continue to insist that the problem of these stablecoins lies precisely in the fact that they are all algorithmic, the cost of which is provided by the main coin of the corresponding blockchain. Look carefully at these stablecoins: DIE, USDN and USDD, they are not related to DoKwon in any way, but they have in common that they are algorithmic stablecoins and that they have lost their binding to USD. |
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It seems that this lawsuit did not scare Elon Musk, as a few hours ago he posted another tweet in which he said: "I will keep supporting Dogecoin" - https://twitter.com/elonmusk/status/1538406040374595585 This means that Elon Musk understands the absurdity of this lawsuit and will continue to shill Dogecoin. |
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...What is your comment after reading this article  These are all long-term forecasts, and therefore it is not possible to verify it. It's hard for me to imagine what will happen to the crypto currency market in a couple of years, and even more so in thirty. But I would like to wish everyone good health so that they can check how accurate the forecast of Talegaon was. |
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...Which stablecoin do you feel so comfortable using, without having any worry of depegging?
After the algorithmic stablecoins UST, DIE, USDN and USDD have lost their binding to the USD, I have no desire to keep my savings in this kind of stablecoins. The vulnerability of this stablecoin lies in the fact that in the case of a dump of the main coin supporting the stablecoin, as a rule, the whole system collapses, as we saw with the UST stablecoin. |
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Already after Luna and UST depreciated, a similar thing also with the algorithmic stablecoin DEI on the Fantom network, the value of which decreased against the dollar by 45%. Obviously, this type of stablecoin has a vulnerability that is exploited by scammers with large capital, and we can assume that the same fate awaits USDD and TRX, respectively.
Less than 2 months have passed since the launch of the decentralized algorithmic USDD stablecoin, and it has already lost its binding to USD. For those who closely follow this topic, this fact is not surprising, but provided an opportunity to get a profit from the TRX short. |
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I myself very often use various decentralized exchanges to buy new coins that are not yet available on centralized exchanges.
That's interesting! Do you have an example? I was under the impression that it's easier to find liquidity of altcoins on centralized exchanges rather than decentralized exchanges (just due to the fact that they have less liquidity in general). What example do you want to hear, because I am writing about new coins that have not yet been listed on centralized exchanges. Accordingly, such coins do not have liquidity on CEX, since they are not traded there and can only be bought on decentralized exchanges at the pre-sale stage of a public or closed round. Do you have an example of such a decentralized exchange where these coins are sold? And an example of such a coin? Like: 'There is the coin X that I could only buy on exchange Y'. Simple..  Almost 90% of all coins that are present on the market can be bought only on a decentralized exchange, as this does not require the financial costs associated with listing on CEX. Accordingly, by the time of TGE, each team is listing its coin on DEX. Such an example is the Robby coin, which is traded only on Uniswap: https://coinmarketcap.com/currencies/robby/markets/ |
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It will be difficult to prove the guilt of Elon Musk, because despite the fact that he shill Doge, there was no open call to buy this coin anywhere. And in general, it is unclear what the plaintiff was guided by when he determined the amount of the claim in the amount of $ 258 billion. Obviously, he wants to get all the money and assets of Elon Musk.
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...How long do you think the market will take to recover?
Even when the cryptocurrency market reaches the bottom, there will be no rapid reversal and growth. There must be a phase of accumulation when the big players will slowly gain a position so that there is no pump. But in any case, we should not stand aside and in the event of a continuing fall, gradually buy the coins are interested in in parts. |
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