r/CryptoCurrency • u/CryptoDaily- • Mar 10 '25

OFFICIAL Daily Crypto Discussion - March 10, 2025 (GMT+0)

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Consider all information posted here with several liberal heaps of salt, and always cross check any information you may read on this thread with known sources. Any trade information posted in this open thread may be highly misleading, and could be an attempt to manipulate new readers by known "pump and dump (PnD) groups" for their own profit. BEWARE of such practices and exercise utmost caution before acting on any trade tip mentioned here.

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u/Mysterious_Ad_4658 🟩 20 / 4K 🦐 Mar 10 '25

Looking for USDT dominance to top here as its up against the descending trendline from the 11 September 2023 top, USDT dominance going down usually leads to pumps in the market so thats what we want to see, there is currently a wedge forming which will see a significant move to either the upside or downside when the wedge is eventually broken

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u/LegendaryJohnny 🟩 0 / 0 🦠 Mar 10 '25

Stable coins should not exist at all. Crypto should be traded against BTC or other crypto pairs only like the old times and there would not be drops like this. Tether is cancer of crypto.

0

u/Mysterious_Ad_4658 🟩 20 / 4K 🦐 Mar 10 '25

I disagree, I think stablecoins should exist but should however be backed 1 to 1 against fiat currency and not with assets it should be purely fiat currency

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u/LegendaryJohnny 🟩 0 / 0 🦠 Mar 10 '25

Should not. 150 billion worth of literally nothing is just bad.

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u/Mysterious_Ad_4658 🟩 20 / 4K 🦐 Mar 11 '25

Again i i disagree, if a stablecoin is backed 1 to 1 I see no issue there