Last chance? I doubt it. But one of the last few chances yeah, I'm totally in agreement.

But just because I think so doesn't mean I'm going to tell people to do so.

I know from forums and reading on reddit people are staking their stablecoins for 4% a year, and earning additional CAKE on BSB. or what ever other Defi chain there is.

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?


Lols everyone takes "advantage" of thousands of altcoins opportunities, guess what happens to those?

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.

You should never bag hold stable coins in first place considering how risky they are since they are all more or less centralized with shady companies behind the project controlling everything there is about the coins in and out of circulation. If you want to go out of the market then convert to fiat instead while only using stable coins when you have no other choice.

As for bitcoin price, what we saw was actually very common when a resistance is not broken (ie. $25k) and it is not a big drop as some people may think. It was retesting the support once again and so far it has not resulted in any actual downtrend (price is still at $20k that is the support).
Of course we have the negative news and the FUD to contribute to that fall trying to make it bigger and failing, so far...

Please don't say it. The world won't end tomorrow and Bitcoin won't skyrocket to $1M tomorrow or won't die tomorrow. You always have chances to get Bitcoin at many different prices.

Chances including higher and lower prices. Nothing to be sure that Bitcoin won't fall back to $16k again in future. Remember the market is in bearish phase and likely in accumulation phase. Before a new bull run, we can see another Long squeeze to kill leveraged guys and wash out the market for a healthier bull run.

If you believe in callings like "Last chance" you will fall into FOMO traps that are not good for your portfolio surely.

Currently it is impossible to know the exact signs of Bitcoin.  No benefit can be gained by holding stable coins. I converted to Bitcoin from Stable Coin and got $0.00196440 Bitcoin. So am I wrong or am I on the right track.
I Want advice?

to be more specific to the explanation

SVB privately invested customer balance into treasury bonds at 1%

when the bank run occured/started. SVB had to sell the treasury bonds to liquidate the bonds back into fiat to then honour withdrawals of SVB customer fiat balance

the big problem is that the bonds market have ample bonds at higher % to trade. so no one wants the 1% bonds. thus SVB had to sell them at a loss to liquidate them
meaning SVB did not get 1:1 value of bonds. thus made a loss meaning their SVB customer balance is no longer 1:1 of available fiat

So if the shares of BMW drop in half everyone will be selling his car?  
Customers choosing to withdraw money are not doing so looking at the shares, and shares did tumble exactly because the bank failed to secure enough liquidity, so it's the opposite way around.


The chances are not only high the chances are 100%, because if everyone buys then there is going to be a maximum cash inflow that will for sure make the price go beyond the previous ATH at least. The problem is, if everyone buys, what do they buy since nobody sells?


And, you have guys on twitter claiming to buy as it's the easiest 11% you can make!
Saw that while Luna was cashing down also, so not surprised even a bit.

The whole idea of a "stable" coin is flawed because it depends on external factors which in turns creates a distortion which grows and grows until it breaks. It is the same reason pegging a fiat to another will end up the same way even when enforced by the State (if you check history, behind hyperinflation there is always a pegging). The so called "volatile" price of Bitcoin is a honest market price, as shown in the long term graphs, its a steady climb. The people who don't understand fail to realize fiat is a descent (by design, infinite emission).

So it either breaks because their reserve was too low, because someone played with the reserves, because code failed to react to external events or data came "too late", etc. Pegging always breaks sooner or later, you are simply being blindfolded from the truth, just like a PPS pool...

There are too many elements that can make a peg break, and they all do sooner or later. So its best to not peg in the first place. To add insult to injury, almost none of those "stable" coins are "tokens", meaning they don't even have their own blockchain to begin with. It is hilarious that some even peg against each other so things like Luna occur.

You could argue it was not Circle's fault the bank they choose to put their reserves failed. Of course they can fail, they do fractional reserve. Guess who also does fractional reserve? That's right, Circle. None of the badly called "stable" tokens do 1:1 and even if they did, the other external factors (like in this case, a bank failing) could hit them regardless.

Do you trust your bank? Why trust these? Don't trust, verify: Bitcoin. P2P electronic cash, no banks, no exchanges, no State. Its not a mere asset...

Lot of stablecoin now at depeged from one dollar which is bad since their host bank filled chapter 11 or fail to pay all. Like the recent news i think is better to convert to crypto before anything goes bad and you cant exchange your stablecoin.



https://www.coingecko.com/en/categories/usd-stablecoin

Yesteday even worse