Now that you've learned about cryptos you can stake, the next step is to pick one and buy it. This may seem straightforward, but it's important to consider where you'll make the purchase. The simplest option is
In2022, multiple crypto firms collapsed, includingTerra/Luna, Celsius, and FTX, wiping outtrillions in market value. People Started Shorting Ethereum Short positions on Ethereum surged by40% in just a week, showing how bearish sentiment can lead to further declines. ...
If the RSI is higher, such as “41.87,” the bot prints “RSI not low enough to buy,” meaning no trade is made. This logic helps automate entry decisions, but the script has limitations like no sell condition, no continuous monitoring and no real-time risk management features, as explai...
Prices fell below $40,000 in April, hitting $26,970 in May after the Terra-Luna collapse. By June, Bitcoin dropped below $18,000. High-profile blow-ups such as FTX hurt traders’ confidence. 2023: Recovery and Institutional Interest
Crypto Coach Tip: Never leverage traded crypto as it's a disaster waiting to happen. Like gambling in Vegas, the house always wins. For 3AC, this was like the perfect storm. It lost $200 million with theTerra Luna debacle. Then they had margin calls and demands for loan repayments ...
Arbitrage traders moved in to exchange UST for LUNA, Terra’s other crypto used to mint/swap for UST, since 1 UST could always be exchanged for $1 worth of UST. Oops. Traders find out the swapping cap was $100 million a day.
dollar-pegged stablecoin project — the stablecoin known as terraUSD, or UST, and its sister token luna — wiping out $60 billion. That collapse helped to bring down Three Arrows Capital, or 3AC, which was one of the industry's most respected crypto hedge funds. Crypto brokers and lenders...
USD Coin (USDC), $25.81 billion Ripple (XRP), $31.61 billion Polkadot (DOT), $28.66 billion Terra (LUNA), $26.58 billion Bitcoin, with a total current value of nearly $1 trillion, makes it comparable to the market capitalization of popular stocks likeTesla and Facebook (META). It’s ...
TerraUSD (UST), which aimed to maintain a one-to-one peg to the U.S. dollar, had no dollar backing. Instead, it relied on an algorithmic formula and another crypto, Terra (LUNA), which would algorithmically alter its available supply (“mint and burn”) to theoretically keep UST pegged...