/biz/ - Business & Finance

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Anonymous Sat Mar 11 08:22:06 2023 No.54034486 [Reply] [Original]

Just put my entire net worth into USDC. It's the most trustworthy of all the stablecoins and I have no doubt it will rebound. This is the easiest 10% gain you will ever make, and opportunities like this seldom come up. Don't waste it.

>>	Anonymous Sat Mar 11 08:25:58 2023 No.54034552 >>54034486 Unfathomably based and stablepilled, I’m gonna do the same once gas fees lower a bit

>>	Anonymous Sat Mar 11 08:26:13 2023 No.54034556 File: 522 KB, 500x737, just.png [View same] [iqdb] [saucenao] [google] >>54034486 oh nonononono

>>	Anonymous Sat Mar 11 08:26:31 2023 No.54034563 File: 79 KB, 678x585, w4z.jpg [View same] [iqdb] [saucenao] [google] >>54034486

>>	Anonymous Sat Mar 11 09:57:20 2023 No.54035647 >>54034556 >>54034563 Cope, its like you hate free money

>>	Anonymous Sat Mar 11 09:58:26 2023 No.54035660 >>54034486 Jokes on you, I already longed 10x with my entire account as collateral

Anonymous Sat Mar 11 10:05:16 2023 No.54035738

Assuming no more banks default, they are down ~8% max assuming they recover NONE of the funds from SVB. Realistically they will probably take a 20% haircut max meaning they will be down more like 1.5%. Putting the fair value of usdc at $0.985 Buying here is actually a no brainer.

>>	Anonymous Sat Mar 11 10:05:35 2023 No.54035742 >>54034486 >Friday $3B of $40B collateral evaporates >Saturday $37B institutional USDC redeemed 1:1 by institutions >Sunday Retail holds 3B USDC with $0 backing

>>	Anonymous Sat Mar 11 10:12:05 2023 No.54035792 Why is no one explaining how this could have happened? Did the debtors default. How exactly do companies default? Can't the bank sell the collateral or did the retards at svb never learn from 2008 and continued giving bad loans??

>>	Anonymous Sat Mar 11 10:14:02 2023 No.54035811 >>54034486 Risking your entire network for a 10% gain Low IQ move anon.

>>	Anonymous Sat Mar 11 10:20:00 2023 No.54035875 >>54035811 Not if it's a sure thing (it is)

>>	Anonymous Sat Mar 11 10:42:06 2023 No.54036095 >>54035875 You dont know whats gonna happen on monday with other banks.

>>	Anonymous Sat Mar 11 10:45:08 2023 No.54036124 File: 113 KB, 404x1386, mrwojak.jpg [View same] [iqdb] [saucenao] [google] >>54035738 >Assuming

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