Hi friends! If it heppen to one UST is it heppen to another stablecoins? Next trigger for BTC dump can be caused by stablecoins instability. In this idea i`ll show you some facts about it!
🦢Black Swan. The last Black Swan in all financial markets happened in 2020 because of Covid-19. The crypto market fell by 64%. After the bull market, the Fed Reserve started raising the interest rate, BTC fell by 56%. What if all the stabelcoins are not secured by anything? If previously the fall of cryptocurrencies was caused by global cataclysms, now we can expect the first black swan only for the cryptocurrency market.
With a EXTREME fear in the market and panic sales of retail traders, BTC could fall to 22k or lower.
❗It`s almost 10% of TOTAL Crypto market Capitalization (169.4/1400).
💱We all know what happened to Luna and UST stabelcoin.US Treasury Secretary Janet Yellen pushes for stablecoin regulation by end of year. Even if the LUNA and UST recover to their previous price, a lot of attention will be focused on other stablecoins as well. On the other hand, this is positive for the crypto market and market players, as crypto security will increase.
✅Friends, if you don`t know what to do when BTC fall by 60-75%, check this idea! I made an educational idea for you when BTC was 39k. It describes 3 ways how you can identify the bottom of the market for BTC and Altcoins!
Friends, where will Bitcoin bottom price? $20-22k or lower? Or BTC already find the dip and go to renew ATH? Share your ideas in comments!
Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
btc was obviously already driving down for a long time and the TA looks clearly to the downside to many clear eyes. one can paint black swan over it a justify or try to explain it because of this ust thing... but it was already down
Bahman2121
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Do not get tired of these wrong analyzes, be ashamed and suffocate
fazalaminkhan
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Yuriy. u r the best. always says truth.
Vibranium_Capital
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Amazing idea
DeGRAM
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Good job, mate. Thank you!
Luckybit7
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UST is an algorithmic stablecoin. Keyword algorithmic! You should know the difference by now. For everyone else who wish to research on what algorithmic means check out these projects' whitepaper and price action as these are dead algorithmic stablecoins: bDollar, Midas, monster slayer coin and the most famous Titan. These are all algorithmic stablecoins that have all crashed spectacularly because of their algorithmic mechanics not because of their stablecoin qualities. That's why you left out the word algorithmic so you could make your tether fud. I'm not against Tether fud but make sure it relates to the topic.
vpoortajrishi
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hello dear Yuriy actually yesterday, i got excited to see luna price at 30 USD and unfortunately puchased much. i know its has been my fault and now im so sad. whats your prediction? could Luna get 25-30 USD once again? just wana lose less. thanks a lot in advance :(
DrMomeX
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@vpoortajrishi, dude we should just wait and see wtf is happening to market it is not crash it is dying !
vpoortajrishi
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@DrMomeX, thanks a lot for your advice my friend. yes, you are right. there is no way except wait unfortunately!