/biz/ - Business & Finance

>>54035196
>Rocket upwards to 1.20
Honestly considering how retarded crypto is I wouldn't even be shocked

>>54035250
A lot of people were shorting. This could be the mother of all short squeezes

>>54035250
It takes an absolute mongoloid not to see USDC can x10 from here.

>>54035282
how?
I dont see it

What's the top on this thing? 1.2? 1.5?

I'm looking to get a 2x if possible.

>>54035196
seems like a trap

>>54035308
no ballz

>>54035196
>04:26 EST
shills are up early this morning

>>54035266
KEK, Unless USDC becomes $5, my short position will stay intact. Right now i'm at $10k on profits but not gonna take it until it's $0.25 but if it goes to 0, i'll get $150k at least.

>>54035196
USDC is the most obvious 100x in crypto rn.

Sent from my iPhone.

Crypto has no soul anymore. It’s just degen serial scammers and fake AI Twitter profiles

>>54035196
haha they are gonna de-peg?
de-fi will have fun with that. Central Exchanges have locked them up except a few 'Secondary' exchanges.

>>54035356
You are at least 5 years too late with that comment

>>54035355
With 77 leverage long aiming for 1,00 it definitely is, you quirky IQ35 troglodyte

>>54035342
you're a brainlet not closing below .90

your unrealized gains are going to 0

>>54035299
>how?
buy with a 10x leverage duh.

>>54035475
Where mf

>>54035196
>TA on a stable coin
Jesus christ

>>54035561
Binance. Most exchanges have margin trading for stablecoins up to 100x.

>>54035600
The absolute state. I was too stunned to even notice the absurdity.

Can someone explain what is the point of "stable"coins. Ok they're pegged to a dollar, you know what is also pegged to a dollar, a fucking dollar. Am I missing something here?

>>54035688
That way exchanges xan avoid regulation
If they use dollars directly it's a problem for them

>>54035600
That's the joke, anon

>>54035250
Crypto casino nutters have trouble with the stablecoin concept. This is known.

>>54035688
How are you supposed to put the real dollar on-chain and trade with it in DeFi?

>>54035745
Right, and how do they benefit the average joe?

>>54035600
>>54035250
>>54035196
What the actual FUCK is wrong with crypto?
What the fuck is wrong with the dollar for that matter?
What the fuck is wrong with 2020+ in general?

Imagine being enough of a sperm to waste this most critical time on a shit asset

>>54035688
When the stablecoin moons, the US dollar moons with it. Short the Euro and the British Pound.

>>54035785
Allow him to gamble on crypto

>>54035745
It's true largely yes.
Most exchanges only let you sell to stablecoins to avoid regulations. However outside of exchanges a stablecoin does have value, purpose and utility. Like one anon said, you can't put actual dollars on a chain and send it. Its basically a tokenized dollar or an IOU, backed 1:1 by the issuer, in this case, Circle.

The reason why it normally fluctuates is because it's a token and is dependent on Market Makers and movements of the market.
I tried swapping 50% of my USDC for Tether with 10% loss but there was a "technical issue" suddenly ;) So I fear the worst and assume it's gone.

However in theory with all their assets they should be able to recover

>>54035783
back in my day we just used BTC or LTC trading pairs

>>54035196
>foobar

>>54036280
>>However in theory with all their assets they should be able to recover
If everyone cashes out, they are down billions. It doesn't matter if it's only 10% or even 5% of all their assets. If people continue to cash out they will go insolvent and USDC to zero.

>>54036403
Take me back
Bittrex
*sips*

>>54036403
>LTC trading
I did that a lot. LTC was always so stable it barely budged vs btc swings.

>>54035282
this!

100k USDC by EOY is FUD
Think 1mil

Long it faggot.

ive been all in usdc since i started crypto 2 weeks ago
wagmi usdc bros

>>54035796
What's your play?

>>54036412
I got blocked by this clown for shitting on USDC months ago.