Hello Readers!!!

15.07.2022

Yeah, it is the start of crypto winter where we are facing many difficulty and it was start by the collapse of Terra and it's stable coin UST. This collapse resultant in real disappointment for the investors and some people attempt to the suicide which is not the option . Luna Foundation Guard sold out massive amout of Bitcoin to stabilize the UST's $1 peg by rising the $1.5B at that time but Luna collapse was unstoppable. Luna developers do their best to save the project but two traders were complete their task of costing $60 billion to the luna industry. Who are behind the Luna disaster you can read here.

During all this scenario other crypto coin also start fluctuation and the most stable coin which is considering USDT also down to $0.96 and BTC drop to $26780.

Algorithmic stable coins were considered a good idea but after this happen now it's seems like that we are going to the 2008 crisis but future is uncertain, hope for best.

Now the anxiety is that if USDT collapse what will we do? Did we have another stable coin as a pair for trading? hehehe yes we have but for collapsing and disasiting how much collapse we will bear in using of co-called stable coins. Actually USDt is not a stable coin, it is expected that Tether fud is coming if it's happen then we can expect something better after facing worst because of fud.

Stable coins are in risk position, they can collapse anytime and these coins doesn't supposed to be pegged the USD.

There should not be stable coins as a pair for trading. Sustainability of cryptoverse is only possible when there are only crypto coins with their real time price showing in money such as USD and EURO etc. These coins like BitcoinCash, Bitcoin and others can trade through the pair of money USD , EURO.

Crypto need legal framework otherwise it's very hard to survive for long time, until crypto's legislation not completed it's risky and we have to face different seasons such as we are facing now winter in cryptoverse. This is not complete winter it's just started it may end soon but the expert are saying BTC will drop to $10k but future never certain.

After these circumstances crytpo is under speculation and there is high risk so think before investing big amout. Don't let your fund to be in co-called stable coins such as USDt, BUSD, USDC or etc instead, put your investment in cryptoverse Ethereum, BitcoinCash and Bitcoin etc.

Putin Signs Ban On Crypto In Russia

Crypto also have the effect of Russia & Ukraine war. Since Putin invaded war in Ukraine crypto facing it's hard time and in speculation. Russia is monitoring every single step of Crypo exchanges who are limiting use in Russia such as Binance and Coinbase. Recently, Russian bank gave call to ban cryptocruency but Finance Minister Of Russia wants to regulate the crypto so he submitted the law for legislation as a Draft but now Putin is saying differently you can read here.

Closing Thoughts

Crypto is passing out through his hard time it's need more framework. After Luna collapse it's now impossible to trust on such so-called stable coins. We don't need of these as a pair for trading. If we will continue trading with these stable coins then consequences will be same as UST. Crypto is our future but we need to do more work in this field. Our crypto-winter was started when Terra collapse after then Invaded war of Putin in Ukraine aslo hovering on cryptoverse. Personally i am happy with the crypto exchanges that they go with US and E.U laws to help Ukraine. We don't know when will be the exact time of end of this crypto-winter.

Note!

It's a suggestion, please don't covert your investment in co-called stable coins for a long time, stay strong with your beloved cryptos specially with BCH and others you want.

Ah, how can i forget you my lovers.? You always helps me to strengthen and in raising also. You are my back bones once again thanks for sticking with me.

Disclaimer!

I am not a financial advisor, information used here is only for educational and entertainment purposes. All words are originally @Evelyn1 's.

Leading Image Source: Edited on GIF Maker App And Downloaded from Google Randomly.

Thanks For Reading.