Re:UST Stablecoin Loses Dollar Peg
by DSingularity on Tuesday May 10, 2022 @02:56AM
(#31324297)
When the music stops you will hear its loud absence.
So long as the exchanges keeps trading, those that dumped will consider them selves lucky to have sold at perceived local maximums and they will plow back into crypto. Until the religiously obsessive view of crypto ceases to dominate the mainstream the cycle will continue because it is fundamentally scarce. Buy the dip, hodl, “if you bought at every one of the last peaks you are still up…” — these ideas are religiously held and they are potent.
Re:UST Stablecoin Loses Dollar Peg
by grey-area on Tuesday May 10, 2022 @01:41PM
(#31329967)
It's already stopped, but nobody is listening. Bubbles and the inevitable crash are often like this. Nobody can quite believe they're in the middle of one until afterwards.
So long as the exchanges keeps trading, those that dumped will consider them selves lucky to have sold at perceived local maximums and they will plow back into crypto. Until the religiously obsessive view of crypto ceases to dominate the mainstream the cycle will continue because it is fundamentally scarce. Buy the dip, hodl, “if you bought at every one of the last peaks you are still up…” — these ideas are religiously held and they are potent.