“Put your money in stable coins” they said

“What’re you doing? Don’t you know we’re in a bear market. Why are you putting your money in Bitcoin and alt coins?

Here’s what you should do. Put your money in stable coins. It’s what all of the smart millionaires and whales are doing. Do you think whales want to lose money?”

And so there it is. You look around. Surely, you won’t put your money in Tether. It’s backed by nothing. It’s a house of cards waiting to fall.

Oh look. How about Luna? Tera Luna has been the talk of town lately. The future of coins. And what’s that? They have a stable coin backed by bitcoin. Well then, it’s a no brainer. All of the smart folks are surely putting their money in UST.

Queue 25% drop in the Luna stable coin. If even stable coins aren’t safe in this environment, we’ll then nothing is.

https://imgur.com/gallery/RgbiDcT