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How to Maximize your profits with Solana?
Not only is Tether hiding reserves, USDC crypto’s second largest “stable coin” may be becoming insolvent
SX Network Analysis - De-risked moon potential (Protocol earnings, real users, and catalysts upcoming, on Polygon)
WSBDApp project. “In these turbulent economic times, not only Americans but the entire global community can look to our national leadership . To learn more and access INSDR, visit wsbdapp.com/insider.
$CND is a massively undervalued SPAC poised to print $1B/yr from the upcoming fed rate hikes
blob:https://imgur.com/692e3c01-ed55-4bd5-ac2c-0c061748b172
Swap USDC ➡️Synex Coin (Minecraft) on Raydium.io 🚀🚀
COINBASE is a house of cards with systemic market risk on the scale of Evergrande. They hold $255 Billion in crypto assets ($139 Billion from institutional investors), and $3 billion+ in debt obligations ...supported by just $6 billion in cash. They have custody over 12% of the entire crypto market.
CND is the gateway to institutions, banks, and traditional commerce to crypto in an easy way
Why stablecoins are the gateways drugs of crypto investing
CND!!!!! MoneyGram Partners With Stellar and USDC for Blockchain-Based Payments
Kevin O’Leary owns shit ton of USDC. Circle is going to reverse spac with CND!! Circle is the creator of USDC!!!
I sold all my positions to buy CND warrants, this is why
$CND Circle will manage digital assets for every Business.
$CND/Circle will manage digital assets for every Business.
The biggest Moonshot I see on my life or i'm missing something?
Crypto.com USDC Staking at 12% APY? and Cashback Visa Card
Revolutionize Defi | ICO Ends in 6 Days | Active and Dedicated Team | 🔥Deflationary Token 📈 | Coded With Love | Polygon / Soon Cross Chain! | Pure Utility Token | Lead By North
Mentions
NFL!!!! [youtube.com/watch?v=IUHxdL0mWZo](https://www.youtube.com/watch?v=IUHxdL0mWZo) [youtube.com/watch?v=Mq\_27pHSzuY](https://www.youtube.com/watch?v=Mq_27pHSzuY)  [youtube.com/watch?v=idMc00oWt8o](https://www.youtube.com/watch?v=idMc00oWt8o) Los Angeles Chargers vs Houston Texans | Preseason Week 1 [youtube.com/watch?v=RPORRudmQv0](https://www.youtube.com/watch?v=RPORRudmQv0) [youtube.com/watch?v=iDVuQi4gdtk](https://www.youtube.com/watch?v=iDVuQi4gdtk) SOLANA MEME coin training from an Expert. An expert is someone who has lost money many times before, knows the tricks on how to improve your chances, an expert is not a person who tells you on what to buy. Learn the tricks first. First, only use Solana official Phantom wallet, next to go setting, by clicking at the three tiny dots. next, manage tokens and deselect everything. you only want Solana and USDC turned on. If you have an old wallet with tokens not visible, select the tokens, enable the blue buttons them back to sol. Phantom wallet will deselect tokens after some time if the project is dead. Basically, we showed you how to set up new wallet and we showed you, how to find old lost tokens in old wallets. We will give more tips along the way: TIP!!! you sold the bottom didn't yo? again.[ phantom.com/tokens/solana/E9iykKi72rrcPrU7ZJpfVoe1Efb13Fy93QoZMjuEpump](https://phantom.com/tokens/solana/E9iykKi72rrcPrU7ZJpfVoe1Efb13Fy93QoZMjuEpump) Imagine if everyone sell at 10MC coming soon
my proposal on reducing US debt problem would be as follow: 1. Create a government owned company called United States development company llc. (USDC llc.) 2. Establish a legal mechanism to exchange one us treasury to a voting share of USDC llc. with higher maturity treasury = more voting power 3. Give USDC llc. the legal powers of eminent domain, full legal ownership over assets of all US patents, US companies and the power to hire mercenaries as USDC agents to enforce its will 4. Since creditors of the US now have exchanged all their treasuries for shares of USDC llc. due to its complete monopoly over the US economy and due to having higher returns than treasuries, US debt is zero
How to sell a MEME Coin for USD Cash. First, why even sell. 500 MEME coins are created in a day. Only 10 survives a day. All new MEME coins, dies on day three. The survival of a MEME is directly tied to its name, and the developer. Few developers have good history with the community and they do the right thing like CMC/CG cex LSTING. How to sell, log on to phantom wallet, SWAP the MEME back to SOL, if you swapped, and don’t see sol, most likely you made a mistake and swapped to USDC, swap USDC to sol. At this point, send sol to Coinbase or robin hood, and sell sol to USD, and withdrawal funds back to bank. TIP: If you believe, your MEME is good and stagnant, wait till CTO, and see if a good Dev can make changes GTA is moving so fast BVEaDToN2Ufn8m1Jnqy8rtwwCiiMC7JcFtvmKPxTpump OLMOST 1MIL, MC
Sell and put into USDC. Then wait a year so then your capital gain tax isn’t so high
tickers are SP500USDC.P and CLUSDC.P for hyperliquid in tradingview
$WORM is also money printer. ETH Pairing — We are using the exact same auto-liquidity method as $SPIRAL except with ETH instead of USDC (for more pump-ability when the market is up), but have managed to enhance even further. https://t.me/SpaceWormPortal https://linktr.ee/spacewormeth
Convert USD into USDC crypto. Yield the crypto for up to 15% then convert into GBP when you need it.
I wouldn't go that far. Agreed that the amount of energy used to keep the ledger true is a problem, esp going forward if adoption grows and more miners enter the network, thus difficulty rising. But I gotta say the idea of a peer to peer payment system that is relatively decentralized and at this point too big for any one govt to shut the whole thing down is pretty appealing. I also like PoW as the method of validation- I just wish there were some way to be more efficient without a loss in security. PoS ofc is an alternative but comes with lots of tradeoffs. Not to get all BTC-ish here but from a very very general birds eye view, I've found it pretty amazing and useful that I was able to send value to a relative in Europe for less than $2 cost, no permission or interaction with a bank or third party required. Even more, it felt very "freedom-y" to be able to deposit BTC as collateral and take a permissionless loan out of USDC against it, convert that into USD and go purchase a necessary real world thing. No credit check, no application process, no absurdly high variable APR, and no time limit or periodic repayments required. Tbh it's incredibly refreshing. The volatility is a big issue ofc but that's the only thing I keep an eye on. Plenty of headroom that I can easily add collateral to if needed. The fact is I took a sizeable loan at a low APR without anyone judging my financials, my freelance self-employment (banks hate that!) or asking what the loan was for. I privately (where it matters) interacted with a smart contract in all of 3 minutes and in less than 20min had initiated USD xfer to my traditional bank. It feels great every time cuz I picture my bank being like heyyy! How'd you get that money without us!? Silly I know. But very powerful. Idc if it ends up being BTC or ETH or whatever crypto in the end. Whichever one allows for these use case scenarios and solves the downside issues without govt meddling is the one I'll def support as this crypto ponzi pans out.
This. DCA is the only way to go with the current market state, at least for me it's personally less risky than putting in lump sums. I opt for VTI most of the time, cryptos like BTC (I prefer a diverse portfolio) but with the recession, I've started hiding under stablecoins like USDC and BUSD. Usually just stake those on Spool Fi but any middleware should work.
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I am a bot. You submitted a picture of a banned ticker, USDC. The market cap of USDC is **370** This check will fire if you included unnecessary pictures that have bad keywords/phrases. Repost with the useless pictures omitted if you did that.
I was happy selling my USDC for 1.32 the other day, I hadn't looked at the price since... Poop...
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Idk what USDC is but I bought 5
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What is the point of USDC on Robinhood? Is this so if they go tits up they don’t have to pay you back your USDC? Just your shares and brokerage $?
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Wow, you guys have shitty rates. I have a middleware with a 8-9 % yield, with spool I can stake Stablecoins USDC USDT and earn that much, with varieties of risk depending on my appetite.
Agreed. We may see a crash in the real estate market though. Mortgage rates are up 6% since 2008. Inflation is on the high. I initially thought the housing market will be safer, but moved to stablecoins like USDC to earn more than just holding fiat but with enough security. That was until Binance decided to stop supporting it, lol. Now I've moved to Spool Fi to stake it. Stock market is done too, crypto as well. Waiting to see how the Ethereum merge helps the latter.
De-globalization is basically going to result in long term persistent inflation (because globalization = deflation). Which means higher long term interest rates and currency fuckery. My guess would be stable ventures, stock wise would say defense stock PSN is my favorite, and cryptocurrency wise would say stablecoins. As a hedge against market turmoil I find it safer to stake my USDC on Spool to earn some yields
Your government can’t control crypto, but it depends on the type of crypto. For example: USDC a very popular crypto currency pegged to USD is issued by a company that obeys US laws. This company is able to freeze your USDC even if it is in a wallet they don’t control. So USDC, while useful, might not be so useful for non-us citizens, especially those born in countries “unfriendly” to the US.
Given you're in a situation very much outside of the norm you can't rely on "traditional"advices on how to allocate your capital. If you don't have access to a non-Russian bank account through which to build your investment portfolio then I'd probably suggest having a crypto account and holding USDC
ETFs yes. SPY. DRIV. Crypto investments like BTC, most solid. Stablecoins like USDC, staked on platforms like SPOOL. Decent APY, minimum risk. VTI.
What about stablecoin investments? Not too costly, not affected by volatility. If you pick a 1 to 1 backed stable like USDC, it should be safe enough. Tops if you set it up on a middleware like Spool Fi or bEarn Fi to earn interest gradually. I know the former has around 10% on a lower risk spool. Other than that, maybe gold? But that's not the best if you want it to last till college etc. Bitcoin is always a good option for long term holds. Index stocks maybe. VTI etc.
[Binance, Issuer of 3rd Biggest Stablecoin, to Stop Supporting Larger Rival USDC](https://www.coindesk.com/business/2022/09/05/binance-to-convert-users-usdc-usdp-tusd-into-its-own-stablecoin-busd/) \- CND CND.WS
Would say Yield generators or aggregators, not the best of options but one of the seamless, I do use a middleware, which tends to have init yield generators curated into pools, where users can choose which pool best suits their risk levels and rewards. Might worth a check, as am earning a whofull 8-9% on my USDC bag
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Do you think that it is worth to short USDC?
USDC and USDT are government backed
Yes. This. But also, I think having a general interest in various assets works a charm. Index Stocks include VTI. Regular like GOOG. Stables like USDC staking on middlewares like SPOOL. Crypto like BTC and ETH. The more you indulge yourself in learning, investing, applying different strategies, the more passion you have for it.
This was my play as well. $COIN is currently under attack because Bourne Identity exchange wants to be the only one with the USDC as the defacto digital reserve currency. This was Circle boards10 year plan.
>\*COINBASE TO RELIST USDC-EUR, USDC-GBP, USDT-USDC ORDER BOOKS $COIN ^\*Walter ^Bloomberg ^[@DeItaone](http://twitter.com/DeItaone) ^at ^2022-07-27 ^11:19:06 ^EDT-0400
What's wrong about the CDC Exchange? Been using it for years, not the cheapest one but reliable and most pairs trade in USDC, also the easiest to get my FIAT on and off.
Where are the Kraken fees? I see .9% for US to USDC and 1.5% for any crypto pair to any stablecoin.
Funny how you talk about buying a stock like a no-brainer buy your DD has not even included learning about their biggest competitors. You know, even if crypto won't go away it doesn't mean Coinbase will automatically be sucessful. USDC is pretty shady and that alone could become a major issue for Coinbase. Not to speak about their shitty customer service and the issues some customers have with withdrawing funds and how Coinbase have had the same shady issues every CEX has when a lot of selling pressure appear.
HOLY SHIT THEY'RE HANDLING USDC's CASH RESERVES
The investor has more than $114,000 worth of 🌽🌽, -1.14%, ether ETHUSD, -3.34% and stablecoin USDC USDCUSD, 0.00% deposited at Voyager, roughly 80% of his family’s life savings. On July 1, when he received an email from Voyager that the company had halted user withdrawals, “my heart sank.” “ I felt like a pain went through my body. I didn’t know what to say. I mean, thinking about it, it was the worst thing that ever happened,” the investor said. “Quite candidly, at times at night, I just wake up and cry. Because it’s such a disbelief to me. Like it’s one thing that you buy an asset and the asset goes down. It might pick up one day, and we still have access to it, right?” 
It's very young. Eventually the price will stabilize more as (or if) the market cap rises and adoption increases. Or you just store it in USDC on Ethereum and it's value follows the dollar. Bitcoin isn't the only crypto. Anyway, even without that, I'm sure the Venezuelans that experienced 2 million percent inflation would have been perfectly happy with that 70% loss in value. >Also, if you're on a situation where the government is taking over your bank account, you've fucked up and btc won't save you. The government can track that stuff quite easily now and they will take it if they want to If it's really that bad then again, you probably need to get out of the country to some safe haven, and again you can access your funds from there.
Just got our of USDC last week, am unwinding my staked bitcoin positions, my ETH is in my own personal wallet. I can get 3% on USD from the government but crypto yeild is falling? I small a rat.
As far as I know USDC GUSD and BUSD are 100 percent collateralized with cash. You can verify it with their monthly independent audits. USDT on the other hand is not.
USDC will earn over a billion dollars this year just by investing customer deposits into US Treasuries. Their business model is quite simple. Take customer funds, put it in treasuries, pocket the interest. When interest rates are high, the business model is particularly lucrative. This is a great environment for USDC and other collateralized stablecoins.
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A stablecoin like USDC in an interest account might fit the bill.
Think about it , crypto was created so people could buy and sell things , for the most part that’s not happening, people are holding onto it because “number go up “ it’s also not a store of value as we have seen over the last year conclusively. Tether has only had attestations , they claim to have like 135 Billion backing crypto which we all know is false because time and time again they refuse audits . So very much of crypto is just illegal wash trading . They need people like you to believe the lie so you put in actual fiat . Even USDC has not been audited and they’re a stable coin , think about it , why wouldn’t a stable coin be audited ? THATS WHY THEY EXIST !!! Please spend more time being skeptical and get out of the BTC eco chambers , there’s a reason that they ban EVERY LAST person who brings up the downsides to crypto on their subreddits .
Brother I've been listening to Tether FUD for 5 years. Literally. Everyday it's less of an issue because USDC and others are bleeding market away from them. Anyway, tether was partially audited by NY State and found to be ok. No one fully knows. But, it's less of a problem every day, and I'm bullish on BTC no matter if tether crashes to zero or not. It may take longer in that scenario, but it will work anyway.
Welcome To MetaWeb3Moon 🌐 t.me/MetaWeb3Moon Fair Launch March 29, 15:00 UTC: https://www.pinksale.finance/#/launchpad Tokenomics 🪙6% USDC rewards 💵 2% LP2% Marketing SocialsWebsite: https://www.metaweb3moon.com Twitter:https:twitter.commetaweb3moonTelegram: t.me/MetaWeb3Moon
If you want to get safe high returns, put your saving into some stable coin like USDC or Tether. Most crypto exchanges have yields like 8 - 12% each year, which is insane.
19.5 guaranteed APY on Anchor Protocol via Terra (UST - stablecoin). You can also do 10-15% APY on other stablecoins like USDC, etc...
Welp. Ronin_Network is now on top of the crypto hack leaderboard. $625 MILLION dollars worth of ETH and USDC just got stolen from the Ronin bridge.
You can't stake USDC, as far as I'm aware. You can loan it in the traditional sense I believe, the mechanics of which allow it to peg at or near 1 USD.
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how does USDC offer 8% staking “interest” a year? i thought it was due to providing liquidity i guess it makes sense now i think i paid over $50 in fees to get USD fiat into USDC and then back out to fiat
USDC for 9% interest on Voyager. Maybe 2-3% chance it collapses in those 3 years so there’s some risk. But better than sitting in savings account IMO
I second this. Hold USDC in Celsius and earn between 7-10% apy
USDC and GUSD. The former is developed by Coinbase and Circle, is regularly audited, and fully backed. The latter is developed by Gemini, which is backed by the Winklevoss twins. Both development groups are well funded and both coins are regulated by various US agencies (state and/or federal). USDT (aka Tether) has no transparency, is currently embroiled in a lawsuit with the SEC that could kill the backing company, and just has a lot of shady history.
I notice that you are now criticizing a specific use case rather than criticizing the technology itself, that's a step forward I guess. I suppose me debunking each and every one of your claims over past year has finally made you move the goalpost to something else. 13 years is completely arbitrary. You could have picked literally any number to make whatever point you think you're making. Digital art collection is one use case. I notice that maybe you skipped over the other 2 that I wrote. No matter, I'll post the full list since last time you admitted to not reading it. Indeed, the list has grown so large I'm started to get restricted by reddit's post length reqs. I dont have imagine anything, the facts speak for themselves: Ethereum settling over $30B in value every day, $10m in fee revenue/day 2nd largest custodian bank in the world, State Street, to offer crypto custodial services for institutions by end of 2022 Konami Is Celebrating Castlevania's 35th With An NFT Auction Samsung promises ‘groundbreaking’ new TV feature: NFT support Pepsi releases fee NFT collection Shopify buys ENS domain Macy's Releases 10 Thanksgiving Day Parade Themed NFTs Adidas minted a POAP Mike Shinoda (Linkin Park) releases Single as NFT at auction TIME Magazine to Hold ETH on Balance Sheet as Part of Galaxy Digital Metaverse Deal Crypto.com buys naming rights to Lakers’ Staples Center in a $700 million deal Softbank leads $93M investment in Sandbox ($SAND) Banksy’s ‘Love is in the Air’ physical art sold for 1696 ETH ConsitutionDAO raises $30M in attempt to bid on The Constitution (outbid) DCG raises --valuations stands at $10B after $700M secondary investment round NYDIG acquires Bottlepay for $300M Sfermion raises $100M for emergence of the metaverse investing Ubisoft announces plans to develop P2E NFT and blockchain games in their earning call SpruceID raises $7.5M to bring decentralized ID solutions to DeFi, DAOs, and NFTs MSFT planning future metaverse apps for xbox gaming, piracy control via NFTs Nike intends to create and sell NFT branded sneakers and apparel Australia’s CBA (Bank of Australia) offers crypto trading Enjin $100M metaverse-focused fund for projects in its ecosystem FC Barcelona issuing NFT photos and videos BTS Agency Hybe joint venture to release NFT cards EA Sports CEO calls “NFT and blockchain games the future of our industry” Mythical Games raises $150M from A16z lead round Micro ETH futures from CME FTX partners with Kentucky basketball on debit cards and NFT sales for players VISA settling B2B transactions with USDC on Ethereum MC piloting settlement on Ethereum EIB (European Investment Bank) issues its first ever digital bond on Ethereum Reddit launching community tokens on Arbitrum L2 NBA, MLB, NFL, and NHL Partner Fanatics Launches NFT Company Disney Golden Moments, launches NFT on VeVe Gamestop building NFT platform on Ethereum FB Metaverse rebranding Warner Bros launching Matrix NFTs ESL to sell NFTs of CSGO Pro Tour’s “most memorable moments” Photoshop releasing “export to NFT format” Discord redesigning profiles with NFT/blockchain integration Twitter teasing NFT/blockchain integration St Louis Fed report on Ethereum Bank of America reports that Ethereum/DeFi will be more disruptive than Bitcoin to traditional markets Citi releases report on Bitcoin/Ethereum and the future of money Miami Residents To Receive Bitcoin Dividends From City’s Crypto Project DTCC Announces New Platform for Private Securities, will Interface with Ethereum Bank of Israel looks to Ethereum for its CBDC development NFTs for 46-year-old Glenfiddich single malt whisky to ensure buyers get the real deal FedEx highlights global customs clearance as strong blockchain use case United Nations Sends Aid to 10,000 Syrian Refugees Using Ethereum Blockchain Insurance provider John Hancock has begun work on proofs-of-concept using blockchain in partnership with ConsenSys Enterprise and BlockApps. J.P. Morgan is using Ethereum to launch a 'digital U.S. dollar' PWC and Onfido joins with uPort for digital ID strategy Russia’s Sberbank Uses Smart Contract to Settle Three-Way Repo Deal Uber Subsidiary Grants Ethereum Startup Access To Entire American Fleet Amazon Is Looking to Put Advertising Data on a Blockchain Santander, BBVA in Spanish blockchain smart payments trial Tencent Shareholder Partakes in $15 Million Round in Blockchain Game Developer Alibaba Filmmaking Arm to Distribute New Movie Rights via Tokens: Report MetLife Plans To Disrupt $2.7 Trillion Life Insurance Industry Using Ethereum Blockchain Ford Uses Blockchain Tech to Track 'Green Miles' Driven By Vehicles Banca IMI Researcher Explores Ethereum Derivatives Bank of Montreal launches blockchain-based pilot for fixed-income transactions Supply chain fintech startup Tradeshift Says It's Slashed Cross-Border Transaction Costs Using Ethereum Nestle Tests Public Blockchains For Dairy Supply Chain McDonald’s, Nestlé and Virgin Media join advertising blockchain pilot Walgreens, Walmart join MediLedger FDA blockchain pharma pilot RBC (Royal Bank of Canada) Files Patent To Make Credit Scores ‘Transparent’ Via Blockchain Anheuser-Busch InBev Is Using Ethereum to Track Ad Data AXA Is Using Ethereum's Blockchain for a New Flight Insurance Product Daimler's €100 Million Ethereum Bond Is Bigger Than Mercedes-Benz Insurance Giant Allianz Is Working on a Token-Based Blockchain Ecosystem Fnality International joins Enterprise Ethereum Alliance Samsung Developing Ethereum-Based Blockchain, May Issue Own Token Chinese Insurance Giant Ping An Partners With Decentralized AI Startup SingularityNET Media conglomerate Thomson Reuters: Bringing Smart Contracts to the Mainstream With Ethereum & Chainlink Ernst & Young contributes a zero-knowledge proof layer 2 protocol into the public domain to help address increasing transaction costs on Ethereum blockchain
Well you can put $10k into an I Bond making about 7-8%. Not much risk there. Then put $10k into a robo invest account with Chase or Wellsfargo or BOA and get about 3-7 % with slightly more risk and easy liquidity. Then you could use $5k to stake USDC or some stable coin for 8-9% with pretty low risk and quick liquidity. Then keep $5k in cash for an emergency. That is about how my portfolio is set up.
Later you will say USDC/USDT = the entire crypto market and if one goes ALL wallets = zero. You aren't wrong but there are too many people that speak in certainties. I got crunched with LSPD because they are accused of inflating user numbers, they say they have not (I still got out right away). Was I safer because LSPD is regulated? At least frame your comments with increased risk because of X. Certainties are pretty hard to find. Calling people names will have people turn away from your messaging really quickly.
> USDC != USDT in risk. Technically speaking the two are identical in terms of accountability. Neither have been formally audited. See: https://i.imgur.com/buhqFqw.jpg One of the unique qualities of crypto, it's "de-centralized" nature is that one entity can get caught scamming, and people say, "Well Tether is not like Circle. Tether is a fraud. Circle is not" even though they basically are fraud when you look at both. And when USDC goes down, you guys will be saying some other stablecoin scam is the real one. Wash. Rinse. Repeat. Until people finally get tired of the entire industry and its myriad of [lies](https://reddit.com/r/CryptoReality/comments/o3myr6/the_rcryptoreality_ten_commandments_of_crypto/)
USDC is not any better audited than USDT, which is to say, not audited at all. [An attestation is not any reliable guarantee](https://i.imgur.com/buhqFqw.jpg) Both USDC and USDT even use the same sleazy accounting firm to produce phony documentation obscuring the true nature of their asset backing. That you guys aren't bothered by this is de-facto evidence you're in on the scam.
USDC is not unsecured. Unlike USDT each coin is secured by 1 USD.
Circle did announce they are shifting away from bonds to closer to 1:1 dollar backed. So I think they will be losing a lot of that sweet dollar equivalent yield. Coinbase also does USD-USDC conversions for free. I think USDC won't be that monetized but rather they will earn on stablecoin lending services and general trading fee usage.
USDC != USDT in risk. It’s also arrogant to assume a collapse is 100% going to happen. The crypto space could keep growing and growing for years or decades even.
USDC is run by Circle. I'm not sure Coinbase's exact role but I think they're more like an advisory type role.
There are other reasons to short coin than profitability. Mainly because the [company has a long history of illegal market manipulation](https://www.cftc.gov/PressRoom/PressReleases/8369-21), and there's no reason they've stopped. On top of that, as long as Coinbase mingles crypto with unsecured stablecoins like USDC and USDT, the whole house of cards is ever more fragile. Nobody really knows how little liquidity is actually in the market. Coinbase will be part of the blame when things finally start to collapse. But the problem is, not IF, but WHEN? I wouldn't short Coinbase because I'm not convinced we're near the end of the lunatic obsession with crypto ponzi schemes. It's hard to identify when we run out of "greater fools" in this day and age, and I wouldn't bet anything on it I couldn't afford to lose.
>It's weird how people keep telling me the bitcoins I bought for $60 back in 2013 or $215 in 2015 or even $3500 in 2017 have crashed? Like, jeez, yeah, how am I going to survive each of my bitcoins dropping down to $42k USD. . . . This is called "[Survivorship Bias](https://en.wikipedia.org/wiki/Survivorship_bias)" - it's a fallacious line of reasoning. Just because you got lucky and bought something that increased in value, doesn't mean lightning can strike twice. Also, you're ignoring one of the fundamental principals of investing: *Past returns are no guarantee of future performance*. For every $100 you made in crypto, someone else has to lose $100. That's the hard reality. For every guy like you (assuming you're telling the truth, which I don't really believe you're being 100% honest), who thinks you're brilliant, there's at least another guy who bought in or sold at the wrong time and lost money. You're just either intentionally omitting this fact, or oblivious to it. >What kind of gainz are $60 to $42K Those aren't "gains." Until you sell, you don't realize gains. Bernie Madoff's clients thought they were rich too.. until the Ponzi collapsed. There's another thing you're not realizing. **Market liquidity** There's ample [evidence](https://www.cftc.gov/PressRoom/PressReleases/8369-21) the price of crypto has been systematically, continually manipulated by unscrupulous exchanges. We also know there's more than $160B of unsecured stablecoins like USDT and USDC in the market that are responsible for pumping the price of crypto. We also know that even from the very beginning, [the price jumps of bitcoin were phony market manipulations](https://www.investopedia.com/news/bots-drove-bitcoins-150to1000-rise-2013-paper/). Now, I understand you might be confused by what I'm saying here, but you'll also see I'm adding citations to credible articles backing up the claims I'm making. All you're doing is saying, "Durrr!!! I made money. I'm smart. If you disagree ur dumb!" But if you are so inclined, you can look at the actual evidence and see the points I'm making are very legitimate. Whatever amount you think you're "up" in this market is 97% illusion and 3% substance. I can even qualify those numbers with details on investigations into asset-backed stablecoins. But it may not be as appealing as an arbitrary opinion followed by personal insults... so your mileage may vary.
This is stupid Coinbase has USDC, the fifth largest stablecoin and growing. With rates going up they are going to MILK those cash equivalents... On top of that, it looks like BTC is not going anywhere. Its so easy to track that regulators actually like it!
Look up USDC staking for 10% or higher APR. Your son can survive on 6900 at any Community College. Whatever is left over can be staked again. After 2 years 69000 should cover most of his college and in sure you'll have added more to the savings.
It’s no big deal really. Private and Public universities are expensive as shit and they give you no value to enter the workforce. Tell your kid to go to community college and get an internship ASAP and put 5-10% of his income in Bitcoin on Celsius to gain 5% APY, or on USDC on Voyager to gain 9% APR, or on MFA REIT shares or find a Bitcoin miner in your area and see if they have a program you and your son can invest in. Some bitcoin miners who are in the mining farm business can sometimes offer anywhere from 36% - 48% interest rates on your investment in bitcoin. There’s a guy in my city who does this. There’s many ways, but just tell your kid to more importantly not do what you just did right now lol😂.
Voyager USDC crypto. 9% apr rewards right now.
A lot and still holding all the bags. Biggest loss is BABA with 30 shares averaging $240. Also down 90% on TXMD. Only have about 600 shares of that. Countering those big losses I am still up decent on a few dozen Apple and Microsoft shares. Also my Oil stocks have been doing good. Even if things stay flat dividends and interest should help a lot as I have a good amount in USDC earning 9% interest.
I don’t think anybody has mentioned this but another form of 8% interest is buying Gemini stablecoin - 1:1 with the US dollar - depending on net worth I’m comfortable with putting 50k in there, and keeping it as a savings account - the credit card is also 3% back on everything in USDC (also 1:1 with the US dollar) … I’d re-evaluate adding a bank/savings account to your portfolio.
That’s true. 30% gains with 40% taxes on those gains. The other penny stock I bought which does nothing and then does great and then does nothing again. Is a company in Canada doing geothermal energy. Again though my strategy is long. I’m only 33.. I don’t need the money for a long time. If you want a solid 9% return you could literally just buy USDC.. the index has been earning 13% the past 10 years. I know it’s not 30% gains but after taxes you aren’t too far off
Leaving Block Fi. It was a mistake. Awful website and my $80k in GUSD was moved to a wallet making 0% last month without it catching my attention. Celsius looks better. Opening an account today for the decent APY on USDC. Does anyone use both? Is Celsius much better?
Like the other guy said- coins for 'big name' blockchains like BTC or ETH are probably closer to commodities than traditional stocks. You need to obtain ETH, and feed that ETH to the network in order to get it to do things for you. In order to 'sign smart contracts' (think of it as like an all-in-one legal, judgement, payment, and judgement enforcement system), you have to pay in ETH. You can, for example, use the ETH network to transport 'digital dollars' from A to B which can be traded to say, Coinbase for $1 USD per token at any time. You might have to pay $10 in ETH to secure a USDC transfer from A to B, or even $40 - $70 if traffic is crazy at the time - but that fee must be paid for in ETH. A $70 fee to move $100 sounds ridiculous, but a $70 fee to move $100,000 or $10,000,000 starts to sound less crazy.
I am reading up on Gemini and Celsius. Did the 02/14 ding on Block Fi affect them too? I am in the USA. Are you in USDC for the 7.99% apy at Gemini? thanks
Agreed. All the things that XRP was meant to do can be done with USDC and/or CBDCs
there’s the cost/risk of using USDC tho lmao
Buying and sending USDC is feeless.
I mean, Coinbase will let you send USDC to anyone for free. You can even send it to a phone number and it will let the receiver make an account. It's vastly more efficient than paypal.
Just get an M1 Finance account and the M1 Plus is free for a year and you get 1% interest checking account or you can use Voyager and you get 9% interest on USDC but this isn't FDIC insured
Fact: USDC interest payouts on most exchanges will beat the sp500 this year.
> Each USDC is backed by one dollar or asset with equivalent fair value, which is held in accounts with US regulated financial institutions. Nothing wrong with this. Backing stablecoins with safe bonds is a good way to ensure the company stays profitable which in turn reduces risk.
GUSD is on some major defi platforms but USDC definitely has more liquidity. Hopefully GUSD grows because it's a significantly better product.
These are random facts from Bitcoin shillers that has nothing to do with concerns in the OP's comment. You need a better utilization of your brain. Don't like USDC? Ok, use DAI or UST, which are still better than Bitcoin (can go to zero and wipe out someone's life savings) in this situation. Don't like fiat?! Tough luck, it is still the king.
I store mine in a stable coin like USDC with Celsius for a 10 percent APY paid out weekly
USDC on Ledger. Seed phrase in your brain
USDC on Celsius earns 8.5% compounded weekly
USDC is centralized. The ADMINs can ban funds
USDC is centralized and you cannot synchronize the blockchain.. USDC is just fiat on crypto rails.. USDC is like a bank on the internet.. you still have much to learn.
From Circle: >USDC is fully backed by cash and equivalents and short-duration U.S. Treasuries, so that it is always redeemable 1:1 for U.S. dollars. Either way, I'll take my wins where I can get them. USD itself isn't even backed 1:1; there aren't even enough physical dollars in existence to match the amount of digitally printed dollars... and the margin is **wide**.
> I use USDC, which is backed 1:1 by Circle. It isn't backed 1:1 by US Dollars though. from Coinbase (because Circle doesn't explain how it's backed that I can easily find): >Backed by fully reserved assets >> Each USDC is backed by one dollar or asset with equivalent fair value, which is held in accounts with US regulated financial institutions. It's academic to be sure, but I've heard enough people say that Tether is backed 1 dollar to each coin that I wanted to be pendantic
I have an account with crypto.com and they have an earn program that pays 8-12% for stable coins. If you don't know what a stable coin is, it's a crypto currency that is pegged to USD. I use USDC, which is backed 1:1 by Circle. I'm getting paid \~$116 a week that I can then withdraw to my traditional bank account, top up my crypto.com debit card, or save to add to another earn term.
Well if you’re ok with 10-12% annual yield, there are many pretty reputable CEX like crypto.com binance, Gemini nexo Celsius etc that pays that as interest to stake your USDC. Given that it’s your mom’s, volatility is probably not such a good idea so stable coin would be the recommended.
Personnally I'd use DAI, considering the collateral on USDC.
USDC? Talking about a random situation like this is a double-edged sword. Any sane person would just use USDC rather than volatile-slow Bitcoin.
So, USDC?! Why should they go with sluggish-volatile Bitcoin rather than USDC? Come on... Use that brain.
Dai is backed by USDC and ETH and UST is backed by LUNA and also adding BTC more recently. If I were fleeing anywher I would use the BTC base asset except for short term cash. Terra had another pretty close call to a UST death spiral and broke peg a little while back. If there is a bear market I feel much safer about BTC bouncing back long term than any decentralized stablecoin. There is a graveyard of failed stablecoin projects.