> TerraUSD was touted as a blue-chip cryptocurrency. Let me stop you right there. Terra was a barely 2 year old shitcoin. I don't think you know what "blue-chip" means.
Who are you talking to? WSJ is correct: it was touted as blue-chip. It was not.
TerraUSD crash led to vanished savings, shattered dreams
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Re: TerraUSD crash led to vanished savings, shattered dreams
#12Oh, no. They had feeder funds. Stablegain [1] was feeding money into them: You can now earn up to 15% APY interest on your cash with Stablegains. This is 30x higher than in your traditional bank. You can deposit and withdraw using your preferred methods (ACH, wire transfer, USDC) with the help of our partner Circle. There are no long-term lock-up periods. Earn passive income every day We take care of all technical as…
Re: TerraUSD crash led to vanished savings, shattered dreams
#13> TerraUSD was touted as a blue-chip cryptocurrency. Let me stop you right there. Terra was a barely 2 year old shitcoin. I don't think you know what "blue-chip" means.
Who are you talking to? WSJ is correct: it was touted as blue-chip. It was not.
Re: TerraUSD crash led to vanished savings, shattered dreams
#14And an avalanche of "I told you so". Don't forget that part.
People are so smug when they say “I told you so.” It really bothers me. On every negative story about crypto, so many people comment “hur dur financial regulation dur”. But that’s so easy to say after the fact. If these people really could foresee these events happening, then they could have made a lot of money by taking short positions. That would be a lot more impressive to me than taking cheap opportunities to fee…
Re: TerraUSD crash led to vanished savings, shattered dreams
#15And an avalanche of "I told you so". Don't forget that part.
People are so smug when they say “I told you so.” It really bothers me. On every negative story about crypto, so many people comment “hur dur financial regulation dur”. But that’s so easy to say after the fact. If these people really could foresee these events happening, then they could have made a lot of money by taking short positions. That would be a lot more impressive to me than taking cheap opportunities to fee…
* Have unlimited downside
* Are more difficult to get your hands on
It's not really reasonable to expect everyone bearish on crypto to also take uncapped risks.
Re: TerraUSD crash led to vanished savings, shattered dreams
#16And an avalanche of "I told you so". Don't forget that part.
People are so smug when they say “I told you so.” It really bothers me. On every negative story about crypto, so many people comment “hur dur financial regulation dur”. But that’s so easy to say after the fact. If these people really could foresee these events happening, then they could have made a lot of money by taking short positions. That would be a lot more impressive to me than taking cheap opportunities to fee…
Re: TerraUSD crash led to vanished savings, shattered dreams
#17Earlier quoted context omitted.
People are so smug when they say “I told you so.” It really bothers me. On every negative story about crypto, so many people comment “hur dur financial regulation dur”. But that’s so easy to say after the fact. If these people really could foresee these events happening, then they could have made a lot of money by taking short positions. That would be a lot more impressive to me than taking cheap opportunities to fee…
Short positions: * Have unlimited downside * Are more difficult to get your hands on It's not really reasonable to expect everyone bearish on crypto to also take uncapped risks.
Re: TerraUSD crash led to vanished savings, shattered dreams
#18And an avalanche of "I told you so". Don't forget that part.
People are so smug when they say “I told you so.” It really bothers me. On every negative story about crypto, so many people comment “hur dur financial regulation dur”. But that’s so easy to say after the fact. If these people really could foresee these events happening, then they could have made a lot of money by taking short positions. That would be a lot more impressive to me than taking cheap opportunities to fee…
Re: TerraUSD crash led to vanished savings, shattered dreams
#19And an avalanche of "I told you so". Don't forget that part.
People are so smug when they say “I told you so.” It really bothers me. On every negative story about crypto, so many people comment “hur dur financial regulation dur”. But that’s so easy to say after the fact. If these people really could foresee these events happening, then they could have made a lot of money by taking short positions. That would be a lot more impressive to me than taking cheap opportunities to fee…
The sensible thing to do was to stay away - and I think it’s perfectly fine for people who did so to smugly say ‘I told you so,’ presuming they did indeed do that.
Re: TerraUSD crash led to vanished savings, shattered dreams
#20And an avalanche of "I told you so". Don't forget that part.
People are so smug when they say “I told you so.” It really bothers me. On every negative story about crypto, so many people comment “hur dur financial regulation dur”. But that’s so easy to say after the fact. If these people really could foresee these events happening, then they could have made a lot of money by taking short positions. That would be a lot more impressive to me than taking cheap opportunities to fee…
Some, many here, have consciously objected to speculating on crypto valuation.
>unless you put your money where your mouth is
What about your pocket? That’s not an acceptable alternative?