/biz/ - Business & Finance

My instinct told me that when something that represents $1 suddenly dumps 20% in an hour it longer represents $1, so I didn't buy

>>54048721
>you'll either make 12%
>or lose everything
I'm alright senpai

>>54048721
I'm not retarded and gonna gamble everything just because a "stablecoin" started depegging. That's typically a bad sign (see UST).

>>54048721
Looks like Luna.

>>54048721
looking back, $0.88 was "oversold" (if you can say that for a stablecoin)
buying at $0.96 is not worth it

>>54048721

>stablecoin
>wildly unstable

Ok so good luck taking out your money tomorrow :^)

>>54048776
this anon gets it, multiple banks are going under before we even hit midday.

>>54048752
agree, same

>>54048721
Fear makes people stupid.

>>54048807
this is the answer OP was looking for

>>54048791
>ticker: zion

>>54048752
>lose everything
huh? <10% of the funds were in SVB so at worst you get 90 cents. And now circle will cover whatever they don't get back if they don't get it all back so its pretty much guaranteed to repeg.

>>54048791
>Sunday
>banks are going under
Just 2 more hours bros

>>54048835
My bad I meant midday monday

>>54048721
>he thinks I didn't make 30% arbing the living fuck out of this thing while everyone was shidding and farding last night

>>54048721

I'd have lost 8% in that 24h by moving my money out of better performing investments.

>>54048880
uh huh, are you sure that's what you meant Kim

Still hasn't reached, or breached parity.

>>54048721
because all the trading platforms went
>oopsie
right when it all happened and wouldnt let us buy usdc while it was tanking
>sorry sweatie, its not actually a bountiful opportunity but actually a misstep oopsie blunder by big corpo company so no haha gotcha money for you!

>>54048829
You see, anon, this is who we are trading against.
Remember this every time you think you couldn't make more money from crypto.
Crypto's entire appeal nowadays is that it's essentially playing poker against primates.

>>54048721
>12%
holy fuck, go back.

>>54048721
>this is considered massive gains on /biz/ now
It really is over isn't it?

>>54053864
>Free guaranteed 12% profit in a day is nothing .. because it just is okay!!
Where else can you put 1 million dollars in for a guaranteed $120k in a day? Go on, im waiting.

>>54048827
they don't hide in the US
it's their turf

>>54049201
based

>>54048745
Based and gmi.

>>54054559
>Just time the bottom on an unpegging mickey mouse playhouse unstable shitcoin for chance at making 12%

>>54048752
my reasoning too

>>54054559
>dude just gamble 1m for a potential profit of 100k with risk of losing everything

>>54054559
That is literally the worst investment strat on the planet. Like even if it works out it’s retarded. That is risking everything for a 10% gain.

>>54048791
Puts on First Republic before it fails. Then exercise? Free money?

>>54048721
A little premature to post this, no?

>>54054890
>>54054924
>>54054977
>cant answer the question
>ngmi
It's USDC, not UST. Guaranteed to repeg. Check the price. It was literally free money. Cope, seethe and dilate /biz/.

there's still time, you can pick up some US dollars for $0.97 on the dollar

>>54055273
don't do this

So when coinbase unfreezes USDC to USD Monday what will happen?

>>54048721
You are a small brain if you think USDC will go back to $1.

People will just short it before Monday.

In other words get your money out of USDC right now you fucking moron.

>>54055204
Don't waste your time anon, you are arguing with people that bought LUNC and ICP

>>54048721
>Celebrating a 12% profit

Don't you have some ETFs to invest in, boomer?

>>54048721
I don't have any money in the crypt ecosystem, that's me excuse.

>>54048721
It is suppose to be worth $1. You are overpaying if it is $0.88

>>54053781
Primates that’ll tear you to shreds for being a cocky asshole. Don’t get me wrong, cryptofags deserve to get judged, but you can get judged yourself by playing on their terms.

imagine risking all your money for 12% stay poor gambling addicts

>>54055654
>its supposed to be 1.00
>it goes to 88 cents
...
>it's already back to 98 cents

It's going to go back to peg at 1.00 and theres nothing you can do about it.

>>54048721
>But will it Moon!?!?!?

Everyone negative about ops post is a pencil shaving.

>>54048721
Timing the market

>>54054559
you shouldve tried this tactic on US Terra einstein

>>54054559
How do we peg stablecoins to the retardation of frogposters? The best correlation there has ever been

>>54056228
Only way to make money

Zero here we go
Checkem

>>54055511
> says crypto "investor" who has been consistently losing 10% every week for the entire last year

>>54054559
You can do that every day on bustabit and probably better odds

>>54048752
There is no danger to losing everything. It's literally free 12%.

>>54057214
Don't argue with bizlets. They go all in on a json parser which they think is worth 100B but think a company that has proven reserves of 100% of its stablecoin and is at risk at losing AT MOST 5% of it (which already said it would cover with its profits) will go to 0

>>54057214
>>54057242
>ITS A NO BRAINER BRUH!!!
KYS