Recently, we saw China showing interest in crypto. It was a great news for us all.
This week news coming from America is not all that good.
New York suing Kucoin, 30% taxes on mining, the US Justice Department appealing the decision to approve Voyager’s sale to Binance US.
After all these, we saw some crash, btc to 19k+, USDC depegging and others.
And it seems every year such things do happen.
Affects people negatively especially those who play futures and other forms of trading.
Do you think such things will end and the mass adoption we are all working towards will be achieved in the near future?
We have and seen some upset moves in the CRYPTO.
My lols is that STABLECOINS AIN’T STABLE.
with this happening news and taxes on crypto
This I this will not enhance massive adoption
Or could it be market manipulation so the big whales can scope the dip price WHILE we small retailers entering into FUD.
So my brother, how are you coping with the sudden dip?
Trust you have not been Liquidated ??
lol mostly people who play futures thinks about liquidation as for holders we only wish our holdings just don’t turn to dust
El mercado sea de criptomonedas o valores está compuesto por los mismos, en las criptomonedas las ballenas guardan su anonimato pero no dejan de ser grandes fondos de inversión que lo único que pretenden es provocar grandes altibajos para que la gente tema y vuelvan a invertir en moneda fiat.
Lo que queda es aguantar y aprovechar la ocasión.
Si todos fueramos conscientes no se provocarían estas situaciones, el miedo lo mueve todo y ellos ganan.
let’s see how it goes
I can’t stand it to be gambling in Future trading.
My risk tolerance level will not permit me.
I better be HOLDER
with hope that my small holding will not read into $0.0…
In my other holding mind.
Wish to add more to holding bag at this discount prize.
But the major problems.
NO EXTRA FIAT FOR BOYS TO BUY THE DIP.
THE ONE WE HOLDING ALREADY TAKE PROFIT IS LIKE FOREIGN LANGUAGE.
Yes Bro, you said it all right.
We have the small traders that makes up large trading influence to make up for dip or pump
Yes, also most of the whales remain unknown
They could be our neighborhood…lols
But what matters most is we as individual to make good use of the discount red market.
that’s the problem bro
no fiat to add to our bags
nothing is stable in the world of cryptocurrencies
The little holdings seems to be shaken by dip or by higher propensity to spend of Food
Irrespective of that
We hold strong
My last hope in crypto is built around STABLECOINS
so it’s get me worries.
But higher hope it will back peg value.
And they drive me to…
MECHANISM OF STABLECOINS?
oh but what do you gain from holding stable coins?
Do you staked them?
hahahaha I like the food part. All these are as a results of unemployment or low income.
Crypto should be a long term investment but in our case, that’s the same money we feed on
Holding Stable coins comes with peace of mind…
In the mist of market uncertainty.
But no longer the case
DEPEG of stable coins is now a CONCERN.
I READ SOMEWHERE " NONE IS SAFE NOW"
Honestly, investment in CRYPTO should be a form of
LONG TERM INVESTMENT.
As you said, unemployment will make most thing CRYPTO is the GET RICH SCHEME
Where we expect to get big ROI within short time
so this means you just want to hold in usd instead of naira? because I dont get it.
mmmm this is why we end up buying shit coins
Ops don’t get me wrong there.
I meant due to unemployment rate
Most turn to CRYPTO to be a get quick rich scheme
With the mindset of get big ROI from little investment.
Which in reality should not be so
Rather it should be long term investment plan in CRYPTO
Depending on individual involved.
Note:- NOT FINANCIAL ADVISER
For not a bad idea holding lots of USD
Comes with Extra benefits like
Buying dip discount
I just love the name stable coin lols