I dumped UST this morning which is collapsing now
no no⊠I keep my 3.43 UST⊠theyâre gonna moon to 1 UST/USD 
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Oh wow! One dollar is not always equal to one dollar.
Stablecoin @ 0.93 and falling
I will hodl until it will go to 1.005!
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Very entertaining UST crash if you are following⊠The timing could not be worse for them 
UST crash is a very useful experience to me. I am aware of crypto market risks, but I couldnât have imagined that a stablecoin can crash harder than regular crypto. I did borrow USDT to buy and stack UST with a higher yield. I even had gotten a margin warning at KUCoin, but it was of rather technical nature and no position was liquidated.
Well, I can just repeat two proverbs: âYou live, you learnâ and âDonât invest in something you donât understandâ.
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Hard thing to do in crypto 
From my point of view, none of the so-called stablecoins are stable. The one which comes closest (in my opinion) is UDSC. USDT is also risky, even though itâs the biggest stablecoin out there.
So it might even be better to keep âstablesâ in BTC or ETH.
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Hard luck on this. The beauty of crypto in general is that a lot of it is âtested in prodâ but it can leave significant collateral damage as a result.
Not that it would have helped in this instance, but anyone considering looking for yield via smart contracts (custodial or not) should look into insurance products such as Nexus Mutual. Or, at the very least, know what youâre getting into before deploying funds or any significance to you personally.
And now what about UST? Are we panic selling at 0.90-0.94 range or do we expect kind of recovery?
I mean can it crash completely?
it only really hat 2 options: 1.00 or 0.00.
I would not put any money in UST knowing that its the 3rd time this has happened (and its almost 24h under 1.00). So i dont see who will buy UST from here?
The good ones donât touch tether
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Iâm taking a small bet from around 0.80 on Binance with 3 months staking for 20%. Additionally added some LUNA⊠No risk, no fun⊠right?
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better than buying a cashback credit card i guessâŠ
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On a serious note, I am liquidating my all locked UST positions except of 200 with the longest term and the highest interest. The potential ârewardâ of UST recovering and bringing an interest is not worth the risk of its further depreciation and the loss of time now when crypto market dropped heavily.
Again, a very interesting experience to have my only realized loss in crypto with a stablecoin.
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Not sure how much you lost, but just make sure to read a little bit about what was going on in the background:
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Nothing serious, crypto is a play portfolio for investment practice and psychological training for me.
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Great times at the moment to do some training Letâs see if the 30k will hold for BTC.
