You can follow them, read their tweets, watch their lives and read their articles/ blogs but if you invest because of influential people, you will get rekted some day.

To invest successfully in crypto market, you need more than opinion from influential people. You must learn and prepare knowledge for yourself. Investment decisions should be made from your knowledge, your research and your carefully consideration. Even so, you will get lot of losses from your investment. I think the odds between successful and failed investment is 20/80 or even smaller.

If you only invest in Bitcoin and has ability hold it more than 4 years, you will succeed.
https://hodl.camp/

Over collateral does not help in USDD case. It is not something like forced liquidation. The issue with USDD and other stable coins is trust and fear of investors. When investors are fearful, they will exit and cause bank-runs. Collateral can not save you from bank run that will be stopped only if investors get rid of their fear.

The response to over collaterize USDD can help to calm down investors but so far, this sort of effect is not clear. Let's see.

Leveraging is bad if you use it uncontrollable in a volatile market like crypto market.

Answering your question, DeFi will still be here and trusted or not, it depends on each DeFi project. You can not judge it generally.

Bitcoin is good for everyone but there are scam projects that have Bitcoin as one of their payment methods.
DeFi is good but there are scam projects with DeFi concept. Some DeFi projects collapse not because they are scam. It's because they are bad with risk and finance management. Bad management is not scam.

Bitcoin, blockchain, cryptocurrency, DeFi will be here. They will be changed to be better but they will not going anywhere.

Dogecoin is stable. 

A general trend in altcoin market is they don't change too much not because they are stable. It is more likely because they already fall too much and want to bounce back from their deep bottoms. They are hanging and fluctuating to wait for Bitcoin short squeeze. Altcoins will rise after Bitcoin stop falling and start its recovery.

When will Bitcoin stop falling and start to recover? I don't know. We are only jumping in early of a bear market.

Any price would be cheap until more than 90% of Bitcoin in total supply is mined by Bitcoin miners. Let's count it down. When less than 10% of total supply left for mining, it will be not easy to own 1 Bitcoin.

1 BTC is 1 BTC, always but it does not mean if people enter and exit with loss. They mostly care about their loss in a very limited time like a few months, 1 year or less than years.

As an asset, Bitcoin is cheap in eyes of people who love it and understand its value but it is expensive, unacceptable expensive with people who consider it as a scam and don't believe Bitcoin has any value.

Not all cryptocurrencies are bad. Not all stable coins are bad. Not all NFTs are bad.

Scammers will use blockchain, cryptocurrency, stable coin, NFT as their tool to scam investors. Technology, NFT in particular is not responsible for scam activities. It is naive people falls to scam projects and get scammed. They must learn more, control their greed better and they will be fine in the market.

NFT technology is a good thing and can be applied in many area. We will see its growth in future.

I mean their revenue that can be from SLP, AXS or stable coin. Their revenue on Ronin is falling to the bottom and it will be one of barriers for their compensation of $600M hack. In addition, the total GameFi industry is collapsing and Axie Infinity had to change their concept from Play to Earn to Play and Earn. They did want to change it before the hack but it is not matter before or after the hack, they changed the concept that is a good strategy.

However it seems too late for Axie Infinity and with the bear market, they will again have to build things in bear market like how they started.

Three things for discussion

First of all, Justin Sun is handling it better than Do Kwon. He does not sacrifice TRX to rescue USDD. He is spending real capital to save USDD, not minting more TRX to save USDD. If he does this like Do Kwon, both TRX and USDD will end in hell.

Secondly, we can not ignore that the algorithm for USDD algorithm stable coin is mostly similar to UST and LUNA. So there is risk to see hell again.

Lastly, this crisis does not only relate to collateral. When a bank-run happens, it does not mean only about collateral but it means everyone want to exit. Unfortunately, there is only one exit gate and the pressure of exit makes the gate become too small.

Stop withdrawals can postpone the panic wave but if the crisis is not handled well, when withdrawal enabled that will causes a new panic wave. Terra Luna is an example on how a bad crisis handle results in very negative reaction from communities.

Celsius and 3 Arrow Capitals are in pressure and risks. We don't know whether they will handle their crises well and can continue their existence in crypto. If they collapse, there will be 2 bombs in this bear market.

The withdrawal suspensions on some platforms recent weeks remind people that Not your keys, not your coins.

GOLD_official,

After two years, I think Binance Smart Chain works well enough. It has good capacity to handle transactions and transaction fee is cheaper than ERC-20 chain. I know with the crash of Ethereum, transaction fee on ERC-20 chain becomes cheaper, around 5 dollars per transaction. However if Ethereum rises again, fee will be more expensive again. Even $5 per transaction is not a cheap one.

Have the GOLD team considered about Binance Smart Chain and BNB as another asset to swap with GOLD token and as a chain for transaction with GOLD token?

With all fud, free falls, meltdown from Bitcoin to Ethereum and stable coins, lending platforms, venture capitals, it is not good time to keep your money in any stable coin or on any platform.

They can be depegged, can be bankrupted and can disable withdrawal anytime. It is time to stay as observers and join the bank-run. Your money should be in your own wallets or in fiat currencies, not in stable coin, any coin or on any platform.

It is not time for leverages in margin or future tradings. You will suicide if you do this.

As individual trader, investor, gambler we can understand it. I made same mistake too but as a firm, institutional investor, what mistakes made by Celsius with leverages are something unacceptable. I know they played parts to help the market rose in 2020 and 2021 but they are not like hidden cancer and tumors. Now, it is time for the market to get rid of tumors. Wanting it or not, it will happen. I wish that Celsisus will postpone it for a while and can give their investors some time to withdraw their money.

But withdrawal when is enabled will cause another bank-run that will pull the price down more.

The LUNA meltdown is repeating with TRX and USDD but at least Justin Sun used own money to support the depeg. However I am still watching this case and I hope they will be fine to get their peg back. I don't want them to fail but my belief is not on their side. The success of USDD in this time is important for crypto market. If they fail, the market will be in panic, bank-run will happen again.

Celsius is in very serious trouble. Let's see the latest update on their position.


If you have ever experienced margin trading and faced with liquidation, you will see that their position now is unsafe. Making additional deposits as efforts to protect your collateral, to avoid liquidation are something stupid, if the additional capital is not big enough.

In this case, it's a damn hell unsafe in my view.

Don't buy altcoins in middle of bear market because altcoins will be divided many times, and lose their values more dramatically than Bitcoin.

In middle of bear market, you should either keep your capital in fiat currencies or in Bitcoin only.

Then when bottom confirms, you can buy Bitcoin and top altcoins like Ethereum and BNB. For tier two and lower tier altcoins, you must wait for first rallies from Bitcoin and Ethereum to avoid bull traps.

Buying altcoins especially shit coins in middle of bear market will cause bankruptcy for your portfolio.

Update

After two rounds of deposit in WBTC, Celsius made another deposit in DAI that works $19M. It is another effort from Celsius team to lower liquidation price to $14,000.

Do you think it is enough to save them? I don't believe so. If they have additional $200M to $400M to increase their collateral, they can be safe from this attack. I don't believe they have such money or be able to borrow such money from any entity.

It seems there is a very bad ending waiting for Celsius. I know if Celsius liquidated, it will be another fiasco for crypto market.

https://twitter.com/DylanLeClair_/status/1536806455394897923

I think so too but don't never say never.

Amongst all stable coins, USDT is the oldest stable coin and it has proven its strength through many drama, attacks. I hope this time, in the massive attack on stable coins, USDT will show its strength again.

Anyway, if the OP is really worrying about USDT and risk of depeg, why does OP have to consider about USDC?

It is a bit stupid my opinion, why we have to move from oldest, safest, strongest stable coin to alternative?

If we are worry about stablecoin, we should cash it out, and switch to USD. When all the attack completes, we can switch USD to USDT again. It is better and safer approach.

It is time to cash out your risky asset to fiat currencies, not to stable coins because we don't know what will end with stable coins.

That is reasonable concern and it triggers the massively bank-runs from many cryptocurrency platforms. Market manipulators take advantage of the global financial recession in order to create panic sells, bank runs and more seriously liquidations on projects, institutional positions.

That is insane and it is my first time to witness it.

Anyway, after all of drama, massacres, cryptocurrency and blockchain technology will be here, to serve the human society for a better future, more convenience, better transparency, etc.

Indicators are good and bad depend on how people use it. Indicators can not save your capital if you apply it incorrectly.

Let's look at history of news stories on Bitcoin is dead: https://www.bitcoinisdead.org/

More than 450 times it was called as dead but it is fine and it will still be fine in future.
However, now the market is in chaos and lot of fud, risk of liquidation on institutional, project accounts to personal, retail accounts. So my advice is just it is time to protect your capital, with spot position only. Let's say no with leverage in this period. Then months later you will be fine.

Without transparency and honesty, it is impossible for them to rebuild Terra Luna 2.0. The community are in pain and they don't trust Terra team again if they don't see any big signal of transparency, honesty and community-care orientation.

I wish investors who want to take risk and gamble with Luna 2.0 will have happy ending. I don't want anyone to lose money but we all know the market is a zero-sum game. Money comes from others to your wallets and moves from your wallet to others. It is a cycle, who are winners, who are losers, and you can be both winner and loser, just be one at different time on the market.

Don't predict the market, let's response quickly with what you see on the market. Or you should have a long term plan, then you won't have to predict the market, how it moves next days, next few weeks, next few months.

Stop loss, stop limit orders are good but don't forget to exit and don't open new positions with margin, future trading. You will be killed in the chaotic market, now and until the bear market ends.

Before the bear market ends, you will be killed again by short positions. Because you don't know when it will turn to bearish, you short, then you will be killed.