The falling of "stablecoins"

[JackMorgan]

"Lets keep talking about the thing like its legit, and of great value, and if we do it for another 20 years maybe they will believe "

"If you tell a lie often and long enough...."

 

[mercury-croc]

I've read that most of ADA whales have abandoned their coins in order to invest in Bitgert?
I mean, such piece of news can be interpreted in this way: stablecoins are falling literally because there are new crypto projects, that literally look more appealing.

 

[sebking1986]

Right some of these BS stablecoins need to go (and will)

Also, this literally begs for government regulation on stable coins. I for one hope we get sensible regulations sooner rather than later.

BUUUTT letting this stop you from buying Bitcoin is a huge mistake.

Also Pekelo has been bearish on Bitcoin since literally $1 soooooooo

I honestly don't think the regulation of stable coins is such a bad thing either. Initially it turned my nose up by well audited and regulated stable coins are essential for mass adoption.

 

[LuckyMac]

exactly. No idea where the bottom is, that is why I patiently waited for Ether to fall below 2k, and then bought some. My mindset is different, I never chase investments, if I miss so be it no big deal.

Im the same i dont mind missing it its just so volatile but the larger ones like ETH and BTC will rise again and once there is technical support for a bullish move up. Patience is so key

 

[JackMorgan]

I've read that most of ADA whales have abandoned their coins in order to invest in Bitgert?
I mean, such piece of news can be interpreted in this way: stablecoins are falling literally because there are new crypto projects, that literally look more appealing.

Its a major miracle that old fart ancient crude BTC held up at all

It the square wheel of crypto .

 

[JackMorgan]

rats leave sinking ship

 

[GlobalMacro90]

Its a major miracle that old fart ancient crude BTC held up at all

It the square wheel of crypto .

the market is telling you that you are wrong … maybe listen

 

[deaddog]

the market is telling you that you are wrong … maybe listen

Which market are you listening to? I see the fiat value of BTC dropping. How do you translate that?

 

[GlobalMacro90]

Which market are you listening to? I see the fiat value of BTC dropping. How do you translate that?

def dropping but it’s doing better than all other cryptos (and most tech/growth stocks for that matter, despite way higher vol)

 

[johnarb]

def dropping but it’s doing better than all other cryptos (and most tech/growth stocks for that matter, despite way higher vol)

Yup. Doing much better than PayPal, ZM, PTON and many other growth stocks

The stock market is in a bear market and Tech Stocks are down quite a bit

When btc and cryptos assets are back to all time high, we won't have to deal with the same criticism over and over, until btc goes down to $80k again

https://twitter.com/x/status/1525890821463101440