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/biz/ - Business & Finance

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54056894 No.54056894 [Reply] [Original]

If Coinbase opens up USDC conversions again on monday and has to redeem them each for $1 why doesn’t everyone just buy a shit ton of USDC now and sell it on monday

>> No.54056912

>>54056894
coinbase won't accept usdc transfers from other wallets besides their exchange wallet

>> No.54056916

>>54056894
chuddie a cute

>> No.54056920

>>54056894
Because they won't have enough.
Tomorrow will be an absolute bloodbath and will halt withdrawals within a couple of hours

>> No.54056928

>>54056894
How could anyone hate this cute lil fella?

>> No.54056943

>>54056894
>and has to redeem them each for $1
Says who? They're just letting you sell again.

>> No.54056963

>>54056928
troons

>> No.54056965
File: 760 KB, 1190x1681, 8A6831AD-BC27-4B0E-B982-0DB3D22ADA77.jpg [View same] [iqdb] [saucenao] [google]
54056965

>>54056943
idk this guy said it

>> No.54056984

>>54056965
>he sold? peg it

>> No.54057167

5 LITTLE CHUDDIES JUMPING ON THE BED

>> No.54057210

>>54056894
because people are scared. it's literally free money and everyone on this board will be super smug about it next week and pretend that they obviously took advantage of it.

>> No.54057232

>>54057167
I really wish I hadn't watched that because now I'll never forget it

>> No.54057241

>>54056894
There's a lot of irrational fear around stablecoins in times of uncertainty. See how the sentiment and the wicks were on USDT during Evergrande FUD, UST and FTX crash

>> No.54057266

>>54056894
Brian Armstrong is right now hiding under his bed and shitting in his pants. USDC is finished and Coinbase is bankrupt.

>> No.54057271

>>54057210
Yup exactly this.

>> No.54057343

>>54057210
so ur saying do it for the free cash

>> No.54057437

>>54056894
No more Chuddies jumping on the bed!

>> No.54057489

>>54056894
Most people don't even know how USDC works, much less why it would repeg. /biz/ barely knows, and /biz/ is literally retarded.

>> No.54057664

>>54057343
it already repegged to 0.95 usd, you gonna take a risk for what? a less than 1% gain?

>> No.54057723
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54057723

>>54057664
im retarded that would be more than 5% gain.
i just woke up.