is it possible UST recovered ?
Your only hope for getting some dollars from that is to buy that and hope you can get into class action lawsuit and that Do Kwon has money to pay anything. But that's more of a hassle to me as it would take ages and i am not sure if they would accepted people who are buying now. |
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Hi guys do you think USDT is a safe stable coin to store our money or USDC maybe better ? Yesteraday USDT price drop to 0.95$ but now it seem that it get back to normal You think USDT devs can scam like creating more supply and dump in the market peoples since the same happned with Luna & UST  Look at the price history of Usdt, it always bounced back so i wouldn't panic on that. There are ton of FUD around USDT, it has been so from the start but i have full trust on tether and busd, but i wouldn't count on DAI right now. |
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I planned to buy some altcoins now that we are in a bear market but someone I knew is telling me not to, that its possible more dumps will take place, my question is how will I know when it's the right time to buy coins?
I am not saying that you should buy but why would someone you knew know any better. No one knows where the bottom is. Best thing you can do is lower your buy in average. Meaning that you make small buys during the bear and average them out. |
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I usually not convert my coins but sell it on spot market and I am not sure how to fix your problem, you can try to contact supports as they are 24/7 available on Binance. About the Terra Luna, I see that the $UST increases around 40% and I think the $LUNA will come next, do you think this is a good opportunity to buy some LUNA now. I will try to buy some maybe around $100 just come to think if it will jump back to its original price.
By original price you mean ATH or what? Because at the moment Luna is $0.1124 and from -99.89% from ath. That would mean it needs whopping 105932% rise for that all time high. It would be a recovery unlike anything else in crypto. Not going to happen. |
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Obviously not, but saying altcoins are outperforming btc is putting them all under same umbrella. There are tons of them. Most of them underperform at least in bear market. But as BTC has highest marketcap it's not as volatile as lower marketcap coins. They have more room to grow and need less money to pump them. Or dump them. |
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You can invest or trade on market for double up your money!! Bitcoin price is now more dump and its in a support level just check it for a while and invest on a good coin when its start pumping you can make your money double in this way better analysis market.
This is a horrible and irresponsible reply. While you CAN double your money with trading or investing, odds are that you are going to lose them if you don't know what you are doing. And especially if you now what you are doing you'll know that it's still a high risk game. |
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I'm pretty sure he can't just outright lie about stuff like this, right? He handles a public company. Providing fake/misleading information about the company and their holdings will most definitely get him in huge trouble. I don't think he needs to lie about this. Surely he finds more collateral, it's not like he is all in on some leveraged trade. Also he has very powerful friends who understand crypto to lend him collateral if it comes to that. You don't need to be smart to make money but no one in his position is so stupid that they would lose everything with a leveraged position. |
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After first bullish day i think its good day to invest now.
...
Literally everything is in red. No bullish day here. If i had to choose, it could bounce up soon but after that everything goes down even more. So honestly i would wait and choose none of your options. This could last for a one more year for all we know. Recovery from something like this won't happen quickly and i think earliest in autumn we could see signs of recovery. If the war ends sooner we might bounce back sooner. |
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I believe that this is just temporary. Terra Luna's team already released a statement about this case. A lot of people are worried about this, even me I have some UST but I am still calm. This is also because of the recent dump, for sure they didn't anticipate this but I am positive that they will become stable soon and fix this issue.
Well obviously they are going to write their positive spin about this. But this was always a possibility with algorithmic stablecoins and people will see that it wasn't the working holy grail believers thought it would be. Imho this could be beyond recovery, and after more and more people abandon the luna-ship, it won't be sailing without any users. |
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That's nothing compared when you are investing in the new token like axie infinity three years ago. You can imagine to buy each axs around 10 cents and it is going to the hundreds of dollars. This gives more return compared with those major tokens. We have experienced very big pump in the last 3 years until the big dump is happening right now. I would not be surprised to see that return but there's an asset that can give more than what already given by those big cap coins when you have invested 1k
This is the power of small marketcap tokens/coins. They have room to grow and fast unlike top 5. But obvously they are riskier as they might have the necessary network effect to pull them towards adoption and top 10 marketcap. |
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We know algorithmic stablecoins are new and risky. UST is backed by Luna, and the foundation behind Luna bought so much Bitcoin I believe they're now amongst the top 10 holders.
If UST loses its peg against the dollar and Luna isn't enough to bring it back up, the foundation will have to sell some of its BTC to keep the peg, which applies sell pressure on BTC and brings it down along with the whole crypto market.
Is this what's happening now already?
Yes, UST can collapse but i doubt that it would bring everything down. It would just affect some coins. USDT has been suspected not to hold as well but as they have insanely well backed up it with real world value, it won't crash. |
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Google trends shows that NFT was the most popular in 2-8 Jan 2022. Its May you know? the popularity of typing the NFT phrase decreased by 80%.
Yet as press talks about NFTs they are counting everything into it. We can look at this as the Bored Ape Yacht Club floor price to have more accurate interest rate, and as we can see it dropped hard but it's barely dead at all.  |
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You need a super cheap coin? Check out Dusk it has a good fundamentals for a long-term hodl, its not a copy+paste code blochain, built from scratch by doxxed team.
I agree with you that it's a gem, but that doesn't even start to describe it. It's revolutionary and nothing like that has ever been build. Team is full of geniuses and coding is state of the art cutting edge experimental tech. People will see the potential sooner or later. |
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Let's be honest, from all the aspects you are mentioning.
Do we really need NFTs or not? IMO, we don't need NFTs at all like the example of the case "Gaming" even Steam or some developer don't want their game using NFT. Like, we already bought the game and we must buy the item asset to play the game with potential risk of our asset.
To much things using NFTs, while the reality you don't need at all.
You don't NEED to buy them. but technically it would be sweet when you can design your own skins for game items and sell those in nfts. However those skin sets would need to be branded, as anyone could make same skins in the game and sell those as replicas. |
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would be interesting a poker game fully on smart contract ?
That would be slow and not too pretty. For people who have got used to centralized casinos it would seem like a step down in sleek and fast graphical user interface and usability. Not everything needs to be solved by decentralizing it. |
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How an earth would 30% yield be sustainable with stablecoin? Also there are ton of risks in UST already so it might be a bad example to compare to. I might be biased on this as i don't like Tron at all and use it only for some smaller micro transactions. I wouldn't trust bigger sums in it even with tron based usdt.
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As long as there are no more in-depth developments for NFT from now on, it is clear that the long-term future of NFT is still highly doubted by some people who may not be able to judge a work of art from others.
But despite all that, I think that this NFT needs further development so that its future can be stronger and longer.
Obviously there's development happening, but the main problem of adoption is not really in nfts but digital identity locked into them, which you need to make trades that are accepted by regulators. Also there's issue of privacy that's totally lacking in all the current blockchains that have smart contracts. |
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Crypto exchange giant Binance is among a dozen outside investors backing Elon Musk's $44 billion takeover of Twitter, according to a filing published on Thursday.
I am hoping that this brings cryptocurrencies even closer to twitter as it was crypto mecca before, now it could be official backed by owners. I can see nfts coming a big part of the twitter infrastructure if they play it right. |
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If CZ does what he did to coinmarketcap, then you can abandon all the hope for good. I had no problems with Elon’s twitter takeover but CZ is a whole different situation. Look at CMC, it looks like a whorehouse. I disabled countless ads with my adblocker to make it look right (which is the 90% of the current content)
I am using coinmarketcap with brave so i guess i am missing all the ads but i personally thought cmc went way better after binance bought it. Rating system was fooled by fake volume all the time. "chat" experiment next of the coins however has failed horribly. |
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