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/biz/ - Business & Finance

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29075764 No.29075764 [Reply] [Original]

>> No.29075804

>>29075764
No but the USD is going to shit

>> No.29075964

>>29075764
As a fellow third worlder with worthless currency, no, but you may as well put it in something that will earn you money, like BTC or BNB

>> No.29075972

Use USDC instead and keep it in a cold wallet
BUSD is Chinese scam and USDT will pull the rug

>> No.29077473
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29077473

>>29075764
I have most of my savings in DAI (~80%)
Then i have smaller amount (~2k) in BUSD-BEP2 to sell in binance-p2p if I need money fast: $100-$200 orders, which I would be raped in gas if I used DAI.

BUSD, USDT, USDC are centralized and they can be siezed.
DAI, xUSD and sUSD are descentalized and I feel more comfortable holding those for my savings.

For a shithole like the one I live on, USD is good enough, but if you have some extra savings, please consider buying BTC or ETH. USD is devaluating a lot now.

>> No.29077558

If you want to store it in a stable coin put it in DAI.

>> No.29077627

>>29075764
>>29077473
also keep in mind that holding bep20-wrapped stablecoins is a retarded because they all depend on binance-controlled collaterals. Just buy BUSD in that case.