Discussion in 'Blockchain & Cryptocurrency Mining' started by Optimus., Dec 15, 2017.
by less than a cent, it's pretty much the same as USDC and has a way higher market cap.
yep less than a cent, be prior to this week, it was consistently much closer to peg. can't deny it's worse of now than it used to be.
interesting, going by coingecko there's quite a lot of negative sentiment toward USDT vs USDC. I wouldn't have thought there are any concerns around it.
From my feed, people having been telling others to get out of USDT for a while now, at least 6 months.
looks like there's still a lot of USDT redemptions going on. Outstanding supply has dropped from 83 billion to 74 billion
I've always been concerned about USDT, because they've always been secretive and caught lying about how they back it. And instead of the 100% USD for USDT they intitally claimed, it was instead backed mostly by highly risky assets, including crypto, and including short term business loans (so called "commercial paper").
being backed by crypto is patently stupid idea for a stable coin. as UST proved, once there's a run on the crypto backing the 'stable' on is down the drain too.
not to mention Tether was minting USDT to buy BTC which they then used to back the USDT they minted.
USDC on the other hand has been much more open about it's accounting.
ooof better stay away from that crap then
Lol looks like terra has gone full bitconnect. Introducing bitconnect x terra 2.0
fuck everyone that lost billions, let's do it again!
Line goes down.
Feels bad for HODL
ADA recovered 25% yesterday, i am sure it will go down again, probably whales playing with the markets, unless there was some news?
Most of the non-shit coins had a decent gain yesterday, ADA was more than most, but I didn't think unusually so. I think ADA was hit harder than it should've by the 'crash', still think it's undervalued, plenty of upside as they keep plugging away at deploying non-rushed properly tested features as per their plan.
I'm full bear on crypto, can see ADA at 20-30 cents, BTC 10-20K, ETH $700-$1,200.
Give it 12-18 months if prices are still at current levels a strong buy, my gut feel....
These interest rates rises are not good for speculative assets like crypto, it's a different financial landscape compared to 6 months with the idea of money printing into oblivion, people are going to need money to survive and crypto is something thats easy to sell if you need the funds.
Still DCA though....
guess it depends on your outlook. hour to hour, day to day, month to month etc.
I'm not a day trader, so I'm not stressed about any of this.
I tried day trading early on (back when BTC was 100-1000USD) was stressful and generally not profitable for the time/effort put in.
How i describe my time in the crypto market
Celsius have ended up in quite the predicament
Celcius have taken out $1.2billion in debt that can be liquidated onto markets in record time thanks to defi
This is amazing. So much further to go too.
Yeah it's hilarious, watching crypto twitter disintegrate before my eyes today has been a right laugh.
eyeing prices like