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/biz/ - Business & Finance

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54366795 No.54366795 [Reply] [Original]

Doomers, what happened? Made 60k for free. Thanks retards.

>> No.54367331

>>54366795
> I got lucky catching a falling knife

>> No.54367500

>>54367331
Cry some more, why don’t you? Where’s your 60K?

>> No.54367565

Why do folks here have no real understanding risk assessment? I sold at $0.89, and guess what? It was the right thing to do. Why risk all of my money going to zero when I could cut my losses? I'm pretty sure UST holders would've killed to sell at $0.89. I'm happy with my trade even when USDC went back to $1.

>> No.54367586

>>54367565
cope

>> No.54367633

>>54367565
>Why risk all of my money going to zero when I could cut my losses?
You are literally retarded. You know why? Someone started spreading this take on Twitter and you're one of the retards who picked it up. Fucking sheep.

>> No.54367638

>>54367565
Also..
>comparing UST to USDC

>> No.54367644

>>54367565
Bait.

>> No.54367654

I bought thousands of dollars for 90 cents, too. Personally, I am looking forward to the next sub-$1 dollar buying event, they are my favourite.

>> No.54367687

>>54366795
Paid off my Link/usdc debt with this dip.
USDC gunna fail still thVRKVXXo

>> No.54367885

>>54367565
>I would gladly die to the vaccine. It is objectively the right choice

>> No.54367905

I remember terra luna...
You risked being terra lunad...

>> No.54367948

>>54367565
>It happened before so it was bound to happen again!

>> No.54367957

>>54367948
Name a prediction that doesn’t work this way.

>> No.54367961
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54367961

>>54367565
literally a nothing burger, only 8% of the reserves were at risk and they said they would cover it even if all other reserves ran out, plus if you waited a bit longer you'd know depositors were going to get restitution regardless

>> No.54367970

>>54367905
thistbhfam

>> No.54367986

>>54367961
plus USDC is by Circle, an American company so regulated out the ass like Coinbase

>> No.54368137

>>54367565
you are the only sane person on /biz/, congratulations. also you have to go back

>> No.54368155

>>54367565
You sound like you enjoy Söylent friend

>> No.54368175

>>54367565
you're correct. selling was the right thing to do
you would have had to bet on the US government bailing out the bank depositors
which is a retarded thing to bet on

>> No.54368360

>>54367565
>>54367905
>>54368137
No you guys are completely retarded and have absolutely no idea how any of this works. Terra had zero backing at all and it was just supposed to be literal magic internet money. Obviously it crashed just like all other algorithmic stable coins will if given the chance. USDC is a fully backed stable coin. If they completely lose a few percent of the backing funds, then the absolute worst case scenario would be USDC worth 97 cents.

>> No.54368974

>>54367565
Why the fuck did you put so much money into USDC in the first place? Did you really think you were going to get rich off of it? I bet if it shot up, you’d be singing a different tune but still too retarded to sell

>> No.54369057

>>54368137
>>54368175
Thank you.

>>54368974
I'm waiting on the sideline with cash.

>> No.54369083

>>54368175
>you would have had to bet on the obvious thing that has happened every time

>> No.54369149

>>54368974

Are you this new to crypto?

>> No.54369617

>>54369149
No, I’m just pissed that this guy thought he could make it with stablecoins.

>> No.54370363

>>54369617
Lmaooo. I'm pissed (amused) that you thought that guy thought he could make it with stable coins.

>> No.54370963

>>54370363
What idiot sells his stable corn for a loss? That’s something you set and forget, not risk your life savings on. Why else would he do it?