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I just don't see how this is common sense. If lots of people actually reloaded below $30k you'ld see buying a day before at $28k and it never would have hit $26
by kurthr 4y ago
I just don't see how this is common sense. If lots of people actually reloaded below $30k you'ld see buying a day before at $28k and it never would have hit $26k to wander around below $29k all day (it hasn't hit 30 since it hit 26). Replacing FUD with FOMO isn't better.
Also, a stablecoin peg that "only" loses 5% in a day is awful. That's 1,800% inflation annualized! Or more realistically look at the scandal and lawsuits when moneymarket funds that paid interest lost 0.5-1% intraday during the 2008 financial crisis.
- chollida1 4y agoor people are human and it takes a day to follow through. We're not all robots that watch for the minute it hits a number:) > Also, a stablecoin peg that "only" loses 5% in a day is awful. That's 1,800% inflation annualized! Or more realistically look at the scandal and lawsuits when moneymarket funds that paid interest lost 0.5-1% intraday during the 2008 financial crisis. Fully agree with the first part, the second part is jsut silly as we aren't talking about this happening day over day as the peg was restored with in hours, so that hyperbole really weakened your argument:(