So many stable coin now and their absurb yield.

This is starting to look like alt coin / nft rug pull season but now its the stables.

Exactly.

Nobody is targeting it. Btc is tracking the us index more and more closely starting this year and the rest of crypto is tracking btc.

So today us crap red and btc is following it as well. I just close all short and move to long now.

A very good day today, hopefully this kind of swings continue

Hahaha my returns sucks dont learn, better stake your coins for yield farming.

Basically just gambling buts its good fun and quite satisfying when you get it right. Also max out margin for the additional omph.

I dont know man too many but I dont like the idea of staking, sound too good to be true, atleast trading you feel like doing something. Staking later end up like matt damon coin.

but got many defi project you can search on reddit/telegram some of these yield are insane.

My longs are burnings.

Crypto winter official here. Hope big whale dont die and float to surface man

If we break 34k should have quite a few margin liquidation i think

This post has been edited by ChAOoz: May 8 2022, 10:32 AM

To me Do Kwon is abit crazy like that theranos lady.

So probably he will keep double down and buy more btc till it either moon back or crash and burn.

We will probably see a stables war soon. The whole crypto landscape most real world usage of coins and tokens are mainly exchanges and trading. That is where the actual money coming in from fiat is.

People like ftx, kraken, binance, tether that facilitate these trades and order flows knows it and everyone is crowding into this space and new comers are not reallly welcome especially if their growth start eating those big players honey pot

Whatever i touch get wrecked, im financial dumpster fire lately, if you are following me then you know 😢😢😢

Well i did change my long to short position as btc near the 34k level, so not as bad as what the overall crypto market is experiencing but still negative territory for my portfolio as can see.



For composure wise, i think invest/trade with money you are willing to lose.

For crypto/growth stock investing this kind of volatility comes with the high return as a package, so what to do but to accept it only and dont trade with emotion, that is the fastest way to wrecked your portfolio in its entirety and turn it into pure gambling. Thats what i learn from past experience.

Another algo stable biting the dust. My view is that anything algo tends to break during extreme volatility.

I hope do kwan did put in place some mechanism for manual intervention using lfg, just like tether hehehe. Thats what lfg purpose is i guess.

This post has been edited by ChAOoz: May 10 2022, 02:41 AM

Watch it live guys. UST about to go into a death spiral, no more bitcoin to hold the line.

I said too soon. Seemed they still got the bitcoin to buy ust to remove the supply and defend the algo from death spiral.

But during this whole incident terra is so obvious that it is a centralized chain and lack transparency, how can they move so much bitcoin without proper disclosure but just a tweet by dk.

Eth is still the best out there despite the gas fees.

This post has been edited by ChAOoz: May 10 2022, 06:22 AM

Heard the only thing working in terra ecosystem is anchor liquidation protocol only ? That is kinda shitty if real.

Not the first time they did that. Previously during flash crashes if their order book have too much risk, they also circuit break the whole exchange.

So now i only trade on stable pairs during high volatility days.

You all do know that the whole “terra/luna” is a scam right?

Based on the whitepaper logic, luna should be liquidated into obvilion already. So basically the whole thing is a scam, there is obsolutely no decentralization at all, its just a tether repackaged using fancier terms and printing of money and demand for token out of thin air, you putting in your fiat to buy Luna is the only real thing here.

Tether for being a scam has mature to serve as a medium of trading in crypto so they do provide some value in that sense, but terra main value is anchor and that one is confirm ponzinomics.

There is no smart algo or ground breaking innovation in this except just repeating what wallstreet has done with banks decades ago but in digital form.

I posted that i dont trust their mechanism back when its near 100++

When there is a bet with algod on the coin price future. Nobody cares cause that time its mooning.

I go dig back the post on the algod / do kwon bet. Well it happen faster than i thought.

ETH for dapps but it could also be centralized ledger like hyperledger fabric that does not need tokenomics and managed by organization / government for our everyday usage. Without tokenomics it takes out the incentives to speculate but the tech of encrypted distributed immutable ledger remains.

If you want to hold long term, buying opportunity will be when US and other state actor properly regulate the space and start cleaning out skeletons. After that blood bath you see which still standing and is tokenomics still viable after regulation then only decide.

This post has been edited by ChAOoz: May 11 2022, 08:46 PM

LUNA gonna print like mad, and FEES for UST conversion also going up like crazy.

This is worse than Fed, basically this is money printer + hostage fee extortion both eating up the terra ecosystem believer money to bail out the dumbass owner and its ponzi crowd.

I wonder who will be the stupid that go buy the worthless fairy dust LUNA expecting to profit from the LUNA oracle pool, but then greedy people everywhere. Show them an estimated 40% APR / APY and here we go again .

I see some lunatics are expecting a bail out, but then this is crypto space.

Digital Fed Tether ball got tied lately, half expecting this luna saga is engineer by them and "friends" to shore up their tether assets for the eventual regulation.