How does a pegged coin go down in price??? It's

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BTCST Community

Bump1cree

How does a pegged coin go down in price??? It's

not really pegged!

#blockchain #btcst #cryptocurrency #english

0

13.11.2021

4 ответов

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Bump1cree Автор вопроса

Cam I will never PM !
Every peg when new takes a while to establish like...

Ummmm this would be true but this coin lost its peg and is now trying to get it back?? It does not make sense

0

14.11.2021

Cam I will never PM !

Nah, under normal conditions the peg would be here today. But u are fooling people and fudding, because u and I know everything went down 100% or more when BTC dropped to $28k from $64k, so the new coins naturally lost peg because people had massive fears in the crypto market. But that’s gone now and BTC is at $64k today. All is and has been normal.

0

14.11.2021

Bump1cree Автор вопроса

Cam I will never PM !
Nah, under normal conditions the peg would be here...

I mean who is the greater fool. I just would not trust the asset that does not have a proven record. Other pegs have automated drivers to repeg. Obviously this algorithm does not work like other if it can not maintain it by such a large margin.

0

14.11.2021

Cam I will never PM ! · Accepted Answer

Cam I will never PM !

Every peg when new takes a while to establish like USDT or WBTC …

0

14.11.2021

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How does a pegged coin go down in price??? It's

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