Welcome To The World of Cryptocurrency ...
The wave of fear and panic created by the UST in the cryptocurrency markets brought the collapse. Question marks began to form in the minds of investors for other stablecoins. In case of pain, investors lost their cryptocurrencies to whales at low prices. It keeps on shutting down. As I mentioned in my previous article; The increase in the correlation of cryptocurrency markets with the current financial system creates very dangerous results. The bad course of the current markets would normally have a positive impact on the cryptocurrency markets. The whales, who could not bring down the cryptocurrency markets, got what they wanted under the pretext of UST. This continues… Whales want to buy Bitcoin in the 19K-20K range. Will I see?
Welcome to the world of cryptocurrency…
At the core of the cryptocurrency world is volatility. Within 3-4, the cryptocurrency markets crashed. If your heart can't stand it, don't waste your time here, Go buy gold...
Let's remember the last events...
The interest rate decisions to be announced by the FED, which has been worrying the cryptocurrency markets since the beginning of the year... The current financial markets are in a downward trend, and the event in the UST has been the trigger for the decrease.
Alright what now … ? This is the most asked question…
If stability is desired in the cryptocurrency markets, stablecoins need to be regulated. It is open to control, in order not to be used for purposes other than …
Everyone is trying to issue stable coins. It's not even clear what 98% is...
Briefly, the UST event; Black Swan.**
When Terra's UST project dropped to 98 cents, the system tried to increase the stablecoin's value to $1 by automatically selling Bitcoin. However, with Bitcoin falling rapidly at the same time, LUNA had zero reserves to support UST. Thus, the UST decreased to 65 cents. Seeing the decline in UST, the investor started selling their USTs. For every UST sold, the system automatically generated one LUNA coin. This caused the LUNA supply to skyrocket. At the same time, the loss of value in LUNA accelerated as the reliability of the project was shaken.
As long as we do not regulate the stablecoins, such market declines will occur. There is something I want to draw attention to…. It is interesting that the SEC has been making frequent and loud statements in the last few months, while the warnings for stable coins were low in the past years, and the UST event was a coincidence.
There may be such a case within USDT soon… Attention…
What do you think … ?
I think with serious steps starting this year, the SEC will start to take stablecoins under its control...
Because he will try to regain the control he lost in the world with US Dollars with stablecoins … This is my own analysis …
Cryptocurrency markets are volative. We are not experiencing these collapses for the first time. Protect your cryptocurrencies...
My Last Words; Cryptocurrency markets will be very volative until there are regulations. This is the nature of the market. This is how the newly developed systems progress. While these environments make some investors rich, they leave some investors who are afraid and run away into debt. Never leverage leverage in cryptocurrency markets, don't dream of getting rich with borrowed money... It's only 0.001% of cryptocurrency rich people you see on social media. The rest is lost. Make a solid, long-term investment... You won't regret it...
Welcome to the world of cryptocurrency…
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