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Author Topic: Terra Usdt vs BTC price corellation  (Read 294 times)
btc_angela
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May 17, 2022, 12:19:12 PM
 #21

This could pose a challenge to new investors as they might prefer to wait till there is a semblance of order. But then, will there ever be an order??

On the contrary, this might be a good entry point specially if you are a newbie. You don't want to catch when the price is going up. So maybe this is a perfect opportunity for them.

As for the order, there won't be any in crypto, as we have said it is very volatile. The thing is that we must always embrace it, learn how to go and play with chaos and again, take advantage of it.

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May 17, 2022, 12:36:23 PM
 #22

I don't think that there is a connection between Terra UST and Bitcoin price.  If they do then we should have seen BTC crashing 90% of its value, but no, rather we witnessed BTC trending sideways.  People love to make a connection between things so it isn't a surprise that they will connect BTC price to the current issue of Terra UST but I think it isn't plausible because BTC is independent of the Terra Market.

I stopped paying attention to the post and indeed the article when they talked about "experts". This seems to just be a word media channels throw around to give credibility to unfounded assumptions or to refer to channels with large following.

It is normal, the media channels loves to exaggerate things and oftentimes overestimate themselves.

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