This is the last chance to exchange stablecoins for Bitcoin

[Godday]

That's why I think holding Bitcoin is still the best option for now.  Bitcoin is in the range of 22k - 25k but in my view that Bitcoin will experience a price increase in the middle or end of 2023. I have read and analyzed some of the data I got from various sources and I think Bitcoin will not experience significant changes even though at this time the FED  do something to prevent inflation from impacting the cryptocurrency market.

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[noormcs5]

I had a small amount of stubble coins that I turned into bitcoins.  This is the last chance that Bitcoin price will continue to improve in the future.  If everyone takes advantage of this opportunity, the chances of Bitcoin price going up are very high.

When there is a fud in the market as we see that USDC is depeg from the dollar, i don't think people will convert their stablecoins in bitcoin, rather the money will move out of the crypto market. We have seen this when USDC was depeg, the bitcoin price was also falling, meaning people are not interested to convert their stable coins into bitcoin.

Other than this, yes you have fiat money or stable coins , then you can convert them into bitcoins as this might be the last dip before the bitcoin price rally again towards 25k.

[TheUltraElite]

Last chance, possibly not, one of the possible chances - yes.

But stablecoins will crash like this in view of different problems in future too. People need to understand the basic flawed nature of these currencies. I hope this deters people from putting in too much money in stablecoins in future. I use them mostly as an intermediary to hedge during the bull/bear retreat to be able to maximize bitcoin volumes on the other side, luckily I did not have any trades on USDC.

Sadly a lot many people want stability in the midst of volatility, while I try to reinforce that we dont necessarily need that since the yearly swing of bitcoin is <15% of opening price vs closing price, so will still continue to buy stablecoins.

Mark my words, in a few months a new stablecoin will appear and everyone will jump on that.

[traderethereum]

That is if they see this as a golden opportunity to start investing in bitcoin.
But if they are still afraid to enter the market and start buying bitcoins, they will never get started and will still think long and hard about when to start buying bitcoins.
They should really learn more about investing in bitcoins so they can see when the opportunity comes up and they can start buying bitcoins.
It takes some courage to get started and most people will start investing in bitcoin after getting solicitations from others.

[stadus]

Bitcoin price is now at $20,404 and Bitcoin price is likely to move lower.

That means it's not the last chance, right?
All in just for the reasons above is not a good decision imo, bitcoin never closes the opportunity to go to a lower level. The news of the release of Bitcoin from Mtgox is still no updates, but I believe that at this time several media are preparing their versions of FUD and as usual the market reaction will be seen immediately.

Do people are really excited about the release of BTC from MtGox? Might it be just another FUD or not, but it doesn't matter because we are still aware of the volatile situation of the market, it pumps and dumps for many reasons. So, if we are trusting Bitcoin since before then we have no reason why we got affected by the FUDs and worried about the future.
I still buy Bitcoin because I believe that Bullrun is coming, I can wait for it no matter how long it comes.

[slaman29]

They will think they are happier to do that while waiting for BTC to go to 10k.
I think they will be wrong, but again, who can tell?

I kinda agree with you there too. Bitcoin already tested the $15k+ price and seriously I don't think Bitcoin might be falling to that point again even though as you said, this is just my thinking too looking at it from this chat except for something unusual happens.

I do think this is the mistake people will usually make while missing out on getting Bitcoin at a better price hoping it will continue to go down.

Yup! I think that was the worst case scenario already. And now even with a US bank going down which I just found out over the weekend, Bitcoin only slipped a bit, but that's mainly because of US dollar being strong.

It's silly to miss out on 20k, waiting for 15k, because once it goes to 30k, you already gain 1/3 of price, and we know 30k is a matter of when not if!

[ringgo96]

Currently there are indeed many investors who exchange stablecoins with bitcoin, because the value of bitcoin is currently in a downturn so we must take advantage of this opportunity properly, because before the achievement of the new ATH, we must now be able to own bitcoin so that when others are getting big profits, we can also feel this, So now is a great opportunity that we can't waste, patience we really have to rely on because everything needs a process.

[Faisal2202]

The price of Bitcoin often stayed between 22k and 25k for a long time.  But......

totally agreed with your prediction but no one can predict the exact sentiments that the market could bring so pre-caution is necessary. therefore do not put your all assets in one go. do DCA for better profits and less loss. no doubt the market recovered after the last ban on Kraken staking and reaches between 22k to 25k and now due to the shrinking of deposits on the silicon valley market sentiments have changed which provides an opportunity to fill bags with some.

But we should keep some caution in mind before blindly putting money will lead us to nowhere. there are many newbies on this platform who could put their money in the market on your behalf and if things go wrong they will blame you so I suggest putting four magical words at the end (DYOR). There are other steps too that you should keep in mind like this SVB news provides an entry point ( best one) and many anti-crypto's used this as fuel to discourage people who are not even aware of crypto and blockchain's features. But ultimately this opens another entry door for those who did not fill their bags before.

But total self-research is also necessary before buying and if you are buying in bulk and like to hodl for a long time then suggest you should read this awesome quick compilation before getting started.
Things to keep in mind before accumulation of Bitcoin

[Bobrox]

Investor or trader change their cryptocurrency assets to stable coins because price going dump and the best thing is holding assets in stable coins and have higher values, but latest news many trouble with stable coins after USDC values dropped and many investor panic will the moment with USTC dropped happen with USDC?

Need transparent about stable coins nowadays with how much supply on the exchange market, we can't believing what the next stable coins will going drop after USDC dump, many possibility happen when holding stable coins is not always securing price keep stable.

[Popkon6]

I thought that since the bitcoin market is currently down, I converted some stable coins to bitcoins. Some time ago I saw a news that the USDC price went up and down. But I am dependent on Bitcoin.  Circle said in a tweet on Friday that Silicon Valley Bank (SVB) has only $3.3 billion of the $40 billion in USDC reserves. The company mentions this in a blog post.  That's why I think stablecoins hold 4-5% of the dollar.  And the rest of the assets I converted into bitcoins and a small amount I mentioned in my post.  

So I want to know from you guys, am I on the wrong/right track?

[dimonstration]

I thought that since the bitcoin market is currently down, I converted some stable coins to bitcoins. Some time ago I saw a news that the USDC price went up and down. But I am dependent on Bitcoin.  Circle said in a tweet on Friday that Silicon Valley Bank (SVB) has only $3.3 billion of the $40 billion in USDC reserves. The company mentions this in a blog post.  That's why I think stablecoins hold 4-5% of the dollar.  And the rest of the assets I converted into bitcoins and a small amount I mentioned in my post.  

So I want to know from you guys, am I on the wrong/right track?

Well converting stablecoin especially USDC to Bitcoin is not a bad idea to avoid possible risk of losing in case bank run from customer will happened tomorrow. The tomorrow action of bank user will be the decision maker on what’s gonna happened on crypto market since USDC collapse will surely give a negative impact too on Bitcoin on short term due to the panic on crypto market.

I’m currently holding on fiat that sits on my bank account and avoid crypto as much as possible except for my initial investment on crypto that I purchased on lower price. There’s no guarantee that Bitcoin will be safe on the price dump but there’s a chance that Bitcoin will pump too if user use it as a safe haven against this stablecoin FUD.

Atleast on Bitcoin you can sleep peacefully rather than risking your money on USDC that just have a 5% profit margin when its repeg to 1$.

[michellee]

I don't know if this is the last chance to buy bitcoins or if we still have more opportunities. I only know that we can buy bitcoins at low prices. Of course, we can take advantage of this moment to buy a lot of bitcoins because the price is already low, but that doesn't guarantee that the price won't go back down because it looks like economic market disruptions will continue.

But the decision to invest in bitcoin at this time or wait must be really considered because the crypto market conditions are still as volatile as they are now. Maybe I can only suggest buying a little first to see the market reaction and if indeed the market price drops again, we can place a purchase order at the price we want. And stay alert to the current conditions because the movement is still difficult to know.

[Popkon6]

Well converting stablecoin especially USDC to Bitcoin is not a bad idea to avoid possible risk of losing in case bank run from customer will happened tomorrow. The tomorrow action of bank user will be the decision maker on what’s gonna happened on crypto market since USDC collapse will surely give a negative impact too on Bitcoin on short term due to the panic on crypto market.

I’m currently holding on fiat that sits on my bank account and avoid crypto as much as possible except for my initial investment on crypto that I purchased on lower price. There’s no guarantee that Bitcoin will be safe on the price dump but there’s a chance that Bitcoin will pump too if user use it as a safe haven against this stablecoin FUD.

Atleast on Bitcoin you can sleep peacefully rather than risking your money on USDC that just have a 5% profit margin when its repeg to 1$.

My benefit came from the small amount I converted from stablecoins to bitcoins. But if I had deposited coins I would not have seen this income.  Bitcoin price is likely to rise a bit moAnd I am very happy to see my benefits.

[yazher]

I don't know if this is the last chance to buy bitcoins or if we still have more opportunities. I only know that we can buy bitcoins at low prices. Of course, we can take advantage of this moment to buy a lot of bitcoins because the price is already low, but that doesn't guarantee that the price won't go back down because it looks like economic market disruptions will continue.

As we are talking, the price went up to 9.38% and this is a huge increase in just 24 hours the people who invested yesterday with a huge amount of money, surely are now celebrating, and the price is not yet finished increasing because there seem to have problem with the stablecoins right now and they also want to migrate their investment to bitcoins. Many think the price drop was gonna fell even lower than before but they were absolutely wrong and now the price might gonna reach up to $30k+ if they really meant to seriously switch their investment into bitcoin.

[Ziskinberg]

snip...

My benefit came from the small amount I converted from stablecoins to bitcoins. But if I had deposited coins I would not have seen this income.  Bitcoin price is likely to rise a bit moAnd I am very happy to see my benefits.

It happens because you have trusted Bitcoin more than stablecoins and you were able to hold until getting the desired price to sell.
Perhaps, the idea of diversifying our portfolio from stablecoins to BTC or altcoins has already been spreaded around. We can make a good profit from doing this especially if we got in perfect timing. You have did it right and you can still do more as long as you were not afraid to hold and not easily affected with your emotions and FUDs.

[Wildwest]

when the decline in bitcoin occurs, very many investors exchange stablecoins for bitcoin because this is an opportunity to make a profit in the future, and I believe investing in the long term is the right choice, because the achievement of new ATH will definitely happen in the future, then at this time all the assets we have should exchange in the form of bitcoin and rest assured that everything will be beautiful in time, because there are so many investors who have felt this way, until now they always monitor the state of the market so that they can feel the opportunity.

[Yatsan]

snip...

My benefit came from the small amount I converted from stablecoins to bitcoins. But if I had deposited coins I would not have seen this income.  Bitcoin price is likely to rise a bit moAnd I am very happy to see my benefits.

It happens because you have trusted Bitcoin more than stablecoins and you were able to hold until getting the desired price to sell.
Perhaps, the idea of diversifying our portfolio from stablecoins to BTC or altcoins has already been spreaded around. We can make a good profit from doing this especially if we got in perfect timing. You have did it right and you can still do more as long as you were not afraid to hold and not easily affected with your emotions and FUDs.

There was a sudden spike with the market price of Bitcoin which is half expected given that the market price dipped til' $20k and that is the buyer's area perhaps. Diversification the other hand would work if you would be making the right choices 'coz if not, risk will just be bigger because the goal of diversification is also to diversify and avoid all of your assets on losing marks. So if you happen to diversify and things did not turn better, then that is where problem should be addressed with token choices. There are many altcoins to choose from but the fact that there is no clear trend line, gives second thought to investors whether to enter already or to wait for a little longer. Bitcoin would be a great choice but avoid thinking of an instant profit.

[Edwardard]

My benefit came from the small amount I converted from stablecoins to bitcoins. But if I had deposited coins I would not have seen this income.  Bitcoin price is likely to rise a bit moAnd I am very happy to see my benefits.

I am happy for you as well mate. But I suggest you to book some of your gains here (atleast 50-60% so you can have something again to reinvest later) as the market is still unclear about the next FED's commentary. There is an emergency meeting today regarding the silicon valley collapse and JPOW will have a speech as well. Then tomorrow again a new CPI data will be out. Markets could react brutal in both ways. Also, technically 22.8k is a resistance on the 4hr chart (200ma). It wouldnt break it easily if the news isnt on our side. There's a good chance to revisit 20k again before going up imo.
EDIT: Woops, seems like I was brutally wrong about my prediction. It pumped in straight line beyond the resistance lol :/

[SquallLeonhart]

I don't know if this is the last chance to buy bitcoins or if we still have more opportunities. I only know that we can buy bitcoins at low prices. Of course, we can take advantage of this moment to buy a lot of bitcoins because the price is already low, but that doesn't guarantee that the price won't go back down because it looks like economic market disruptions will continue.

As we are talking, the price went up to 9.38% and this is a huge increase in just 24 hours the people who invested yesterday with a huge amount of money, surely are now celebrating, and the price is not yet finished increasing because there seem to have problem with the stablecoins right now and they also want to migrate their investment to bitcoins. Many think the price drop was gonna fell even lower than before but they were absolutely wrong and now the price might gonna reach up to $30k+ if they really meant to seriously switch their investment into bitcoin.

I mean it was obvious that bitcoin would go back up, there was nothing wrong with it, on top of that all these "bad news" were bad news for fiat and not for crypto. With the way banks look like they are going to do a bit worse this year, it is smart to keep your money in bitcoin. That way if there is a money printing, or some bail out or something that goes bankrupt again, all of that would be fine for us because bitcoin would be a safe haven that we could invest our money into.

A lot of people realized this at the same time and they all went and jumped on bitcoin and bought a lot. This of course made the price go up and I do not think that we will go down anytime soon.

[tjtonmoy]

Bitcoin price is volatile and that's why people could take that as an advantage and make profit out of it. It's never too late to join. And why do you think that this will be the last chance? Even if you buy at $30k, there will still be profits in the long run. You are only talking about the short term investment return. Well you can do that, but in order to see the bigger picture, you need to have patience and faith. Also talking about price movements so confidently doesn't suites a Bitcoiner. What if the price falls to $10k or below? What would you say then?