Short
POV: You bought the top of Waves
You are wondering this one: Why did it go down so much? Well, we explained this part already, in a previous idea. But basically, it is a ponzi scheme unraveling at the moment. Their USDN token is off of the peg, which means they are forced to sell WAVES to arbitrage this loss of the peg. The waves selling pressure has caused massive movements down, because there is not enough buying to absorb it.
What will happen next? Well, USDN is *STILL* off it's peg, and unless the Waves team does something soon, we could see Waves go to zero or even below zero if it pulls an oil. I personally will only buy Waves for no more than $-1, negative 1 dollar. Thanks for playing, and I hope you learned.
What will happen next? Well, USDN is *STILL* off it's peg, and unless the Waves team does something soon, we could see Waves go to zero or even below zero if it pulls an oil. I personally will only buy Waves for no more than $-1, negative 1 dollar. Thanks for playing, and I hope you learned.
Note
Also, another thing to note, when bears get very euphoric like me here, its probably about to pop up a little. that's what I've noticed happening over and over LOL
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.