CRCL (CRCL)

#Circle #CRCL #USDC Nowadays, a huge number of KOL bloggers indiscriminately bearish on CRCL—why do they always put the profit of stablecoin companies first? What is a stablecoin? What is redemption right? Why buy U.S. Treasury bonds? I think these so‑called big V’s are just talking nonsense. 1. The core purpose of a stablecoin is to keep fiat exchange rates stable; the issuer holds an appropriate reserve to redeem, avoiding redemption difficulties and exchange‑rate drops. Moreover, under current regulation, stablecoins must be compliant and focus on exchange‑rate stability—anything else is baseless. 2. Why buy U.S. Treasury bonds? Stablecoin firms aren’t looking to invest in high‑risk, high‑return projects for profit. A stablecoin equals fiat; it needs a company that can provide you with an equivalent exchange rate redemption, not a firm that boasts huge profits. In other words, look around the world for the most stable returns that can be redeemed at parity—what else besides U.S. Treasuries? All countries’ foreign‑exchange reserves rely on buying U.S. Treasuries to stay below inflation risk; would you rather buy yen or some other currency? Furthermore, if CRCL were to invest all funds in gold, oil, or other hedging/arbitrage products, would you still trust USDC? Thus, I believe CRCL’s model—financing, buying U.S. Treasuries, issuing USDC—is extremely safe and shows responsibility to users and the ecosystem! That is its purpose, while some bloggers maliciously distort and spread rumors! @circle

$CRCL and the idea of using technicals + fundamental + sentiment factors together ✍️ I had been considering entry into Circle for months. But as usual, used chart levels to set my ideal entry zone. I decided, "~$64 is my buy level, if that never hits, I will let it go". Which is typical framework for me. But something I am always stressing: - not all dips are created equal. Not all pumps are created equal. - technical levels have to be matched to the fundamental story behind them - is my profit target hitting on a new catalyst? Maybe I'll keep holding - my profit target hitting on pure hype? time to sell! *this works in reverse too* Technical targets are far less valuable without understanding the fundamental / sentiment context behind the moves. Circle has now hit the price level I wanted to see. But my suspicion is the move is justified, so I did not pull the trigger. I still think Circle can be a successful business. But the long-term multibag thesis was that Circle's $USDC would become key part of t

Capitulation day on Circle $CRCL with Visa / Stripe / Mastercard launching their own stablecoin. Perfect announcement when from a TA perspective we now have: - gap closed from initial impulse move - selling on declining volume = signs of exhaustion - Inverted hammer at the end of a corrective pattern - sentiment in the gutter I like the setup here @AlemzadehC @TheProfInvestor @cantonmeow @Freedom_By_40