WHAT IS THE SAFEST STABLE TO BE IN? USDT? HOLY SHIT WHAT THE FUCK DO I DO IF I LOSE THIS MONEY I AM UNEQUIVOCABLY, UNIRONICALLY, COMPLETELY IRREPERABLY FUCKED
SOMEONE PLEASE FUCKING HELP WHAT SHOULD I DO
WHAT IS THE SAFEST STABLE TO BE IN? USDT?
Falling into your wing while paragliding is called 'gift wrapping' and turns you into a dirt torpedo pic.twitter.com/oQFKsVISkI
— Mental Videos (@MentalVids) March 15, 2023
all in on BTC and move to self custody
BUT I NEED EASY ACCESS TO IT, I HAVE LITERALLY BEEN OFF RAMPING USDC TO FIAT FOR THE LAST YEAR TO PAY MY BILLS BECAUSE I QUIT MY JOB
I KNOW HOLY SHIT
ALSO: AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
>BUT I NEED EASY ACCESS TO IT, I HAVE LITERALLY BEEN OFF RAMPING USDC TO FIAT FOR THE LAST YEAR TO PAY MY BILLS BECAUSE I QUIT MY JOB
start applying
Chokepoint complete. We have regained control of the financial system, crypto is dead. Well done, Gary!
Cash out into a real bank.
>Cash out into a real bank.
OK Boomer
>using a catchphrase popularized by an ugly spic chick with 10 pounds of makeup
zoom zoom
Local credit union retard
I just did this. Converted my DAI to WBTC and USDC to BTCB. They should be okay I think.
>USDC crashes 10%
>bitcoin will soon crash 50%
Usdt / DAI are depegging as well
>Usdt / DAI are depegging as well
Don't worry m8, I'll get that sorted
Hbd on hive ecosystem
Hive.io
LUSD
This. Can't believe more people haven't heard of it and don't use it.
Sell it into fiat.... oh wait
I dunno, i had to convert all my stables to BTC, eth and Tezos, and moved them to the sylo wallet.
Not a good idea fren, inflation may eat it up
Why would you have a significant amount of capital tied up in stablecoins? Are you fucking retarded?
Yes. It's all money I made with SHIB so overall I'd still be technically in the green but I was assuming I could live off this money for the foreseeable future and as such I do not currently have a job
>I could live off this money for the foreseeable future
>Live off of fiat
Dude, you're a fucking retard. This is just nature correcting itself. You were too dumb to have any money. Don't feel bad about it because you weren't supposed to have that money anyway.
>but I was assuming I could live off this money for the foreseeable future and as such I do not currently have a job
it could never have worked. the economy cant really support people making lots of money by doing nothing and then living doing nothing.
>the economy cant really support people making lots of money by doing nothing and then living doing nothing
Let me know when israelites have to work, Boomer
It works until it collapses and then the israelites scupper off to another host to drain them of their worth.
>it could never have worked. the economy cant really support people making lots of money by doing nothing and then living doing nothing
kek
smarter than keeping your money in the bank
No it's equally retarded. USDC is literally an IOU from a bank. You could argue that it's worse.
$USDClassic
safest stable investment at this point is in education in fields that the us military deems highly valuable, like nuclear weapons research or other similarly specific fields of advanced weapons technology, such a radio communications, or structural engineering
This anon sounds like he knows what he’s talking about.
Which stonks represent those fields?
i do not know what i am talking about and those stocks are raytheon and lockheed martin ect
I always trust a man who openly admits he doesn't know what he's talking about. Going all in rite nao!
Scary truth bomb
the safest stable has always been actual money
glad to know you all are finally realizing this
Are you insane?
You can't eat the paper, look at zimbabwe.
you can't eat stablecoin either
>actual money
And that is what? USD kept at a bank?
You are retarded monkey nagger not being in BTC eth after the -70% drawdown.
Ah ha ha ha ha
Eth/btc
Please put me in the screencap.
Hold Bitcoin
bitcoin maxis unironically winning
welp, I took a fucking wash changing all my USDC. Crazy to think I would've been better off keeping my entire portfolio in DBI, kek. Good luck to everyone else, here's hoping we do not wake up to a full financial catastrophe.
yeah i'm glad for you anon.
This smoll loss is better. you're lucky to be aware of this, a lot of dudes might end up waking up to 0.
But tbh i thought about it and usdc has a lot of cash reserves supposedly 1 : 1 so they should be able to repeg....
Thanks anon. Yeah losing what I did in fees & price difference sucks, and circle is pretty legit so ideally their losses will be insured or something but I would not have been able to sleep at all tonight, and waking up to 0 tomorrow would mean I would have to sell my ass until I had enough to buy rope kek
>But tbh i thought about it and usdc has a lot of cash reserves supposedly 1 : 1 so they should be able to repeg....
they dont any more, fuckwit.
What did you buy and how much?
i got out a long time ago, well I had 70cents in doggo coins...... rip
$MTR
pegged to the cost of electricity, instead of fiat. MTRG is the governance token and supply is only 40 million
it's RAI
any crypto or pm valued in any central bank money is not safe....anymore
omg USDC is down 10% right now, very glad I got out when I did
THERE AREN'T ANY YOU DUMB FUCK
BAHAHAHAHAAHAHAHAHAHAHHAHAHAHAHAHAHHAHAHAHAHAHAHAHAHAHAHAHAHAA!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! THIS IS WHERE THE FUN BEGINS YOU FOOL!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
I hold chainlink. Its more stable than an USDC. 6 USD stable coin. Pegged to coffee and bigmacs.
laimchink
I assure you every market will crash to 0. Crypto, USD, cad, gbp, all of it. Except yuan and ruble. Even if you cash out now it will be gone when your bank closes. Paper money won't work either
Sorry bros screenshot this. It won't be a recession or depression. It will be a total collapse. The israelites are not kicking the can down the road this time
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
I have all by funds in trust wallet USDC. What should I do? Honest question.
Nothing. USDC is backed by 80% US treasuries. Let the retards panic.
anon, im not sure this is bullish
if collapse comes im ready for it, but i dont want it to.
Stablecoin sellers have nowhere to go but btc eth and their fav alts. We will go up by forceful buying.
Yeah, it's my understanding that it wasn't a huge portion affected by SVB. It seems like it will rebound, so long as other crap doesn't happen. Just looking for reassurance. Is USDC being targeted by powerful competitors?
>Is USDC being targeted by powerful competitors?
yes, who else would do this?
I thought it could have been simply panic from SVB. I guess not...I guess there us no sure bet. I guess I stay in USDC...
No just the fed monkey emotional fellas running out screaming. There is no systematic risk in blockchain. Keeping your money in BTC is safer than your bank. Relax enjoy the shitshow.
might actually be a good buy for people who never bought any usdc before
I wonder if they will use the treasury interest to cover the deficit? would only take a year or two
>goes to bank to deposit Money
Bankrun
>goes to crypto to deposit money
>DEPEGRUN
where the fuck i am supposed to keep my reserved money ?
bitcoin
ether
monero
even doge is better than usd at this point
gold
Stables were always a scam, crypto is 1 way in no ways out.
Buy bitcoin with your stables before it is no longer possible to do so.
>SAFEST STABLE
Kinesis gold
If you lose it all just join the military and put the small amount you make into link
USD wins again
>MFW realized burgers think FTX was safer than Binance and USDC was safer than USDT bc ads told them so
do the math you idiot. you'll only lose 10% if you sell in the short term.
>10% of circle USDC cash locked in SIVB
>USDC down 10% to .90
>T.. this won't be like FTX, tt.. they have real assets
NO. It'll go down to $0. They were trying to make money through your money, and since their risk management team is bunch of homosexuals, they put their money into shitty israeliteBANKS, instead of going with safer options. Now they'll pay. Every big institution sending USDC to them to claim those USDS. They are fucked.
>. They are fucked.
they are fucked. everyone wants to cash out and will put up with a loss doing it now.
>WHAT IS THE SAFEST STABLE TO BE IN?
crv
>WHAT IS THE SAFEST STABLE TO BE IN?
XRP
0.37c stablecoin, soon to be a $2000 stablecoin in 2 weeks
stabecoins aren't safe retard, we've been telling you this for years.
So what the fuck do I do?
FOMO in, some lowcaps are still down 90%. Web3 and ID management projects are potential moon shots for the next bullrun.
I go into BUSD and I can't even stake it in the UK as it is against regulation, fucking shit hole government doesn't want anyone to make money but themselves
HAHAHHAAHHAHAAH
YOU STUPID COINTARDS ARE GETTING YOUR JUST DESSERTS
your little fad is about to go kaput 🙂
the grown ups can hopefully return to the room (and this board) now
This has always been 100% crypto board you absolute newfag
>decentrally pegged
>to USD which is centrally controlled by Powell
Cardano's Djed
>safest stable
Chainlink
Physical gold
unironically
>just instantly trigger an audit goy
get shook retard
omg my thread is still up! is anyone planning on buying cheap USDC in the hopes it'll repeg on Monday?