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18840366 No.18840366 [Reply] [Original]

So I have some USDT Tether. Do you recommend for me to hold them or make them into USDC? or DAI?

This is on Kucoin

>> No.18840373

>>18840366
yes

>> No.18840413
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18840413

>>18840373
Which one? Hold or make into USDC/Dai?

Also, Big crash incoming! Just sold my BSV into Tether and will buy back at $150 this Friday! See below

>> No.18840434

>>18840413
USDC is the only stable coin I would trust

>> No.18840436

>>18840413
BSV/USDT is currently at $203
I sold at $206!
What a trade! Watch this Friday BSV will be at $150!

>> No.18840448

>>18840366
cute snek btw

>> No.18840471

>>18840366
I go for USDC cause it has the most liquidity on uniswap, and its legit af

>> No.18840599

Are you insane?

“Once you have Tethers, you can trade them, keep them, or use them to pay persons that will accept your Tethers. However, Tethers are not money and are not monetary instruments. They are also not stored value or currency. We do not guarantee any right of redemption or exchange of Tethers by us for money.”

https://medium.com/@thecaspiancey/whats-behind-tether-cfde9e2199c8

https://www.bloomberg.com/news/articles/2019-08-07/tether-mafia-318-crypto-addresses-control-most-of-stablecoin

https://www.forbes.com/sites/francescoppola/2019/03/14/tethers-u-s-dollar-peg-is-no-longer-credible/amp/

https://cointelegraph.com/news/the-strange-story-of-tether-the-digital-money-that-claims-it-isnt-money/amp

https://en.m.wikipedia.org/wiki/Tether_(cryptocurrency)

https://static.coindesk.com/wp-content/uploads/2019/11/SSRN-id3480263.pdf

>> No.18840659

>>18840471
If you have USDC, where do you hold it? Like right now where is it?

Basically, I know for a fact BSV will go down and then aim to buy. The coinbase insider said it will crash on Monday .

Should I leave the USCD on Kucoin and buy back on Friday.? Or move them outside for a few days and then re send it back to kucoin

Thanks

>> No.18840692

>>18840599
See my plan for 1 week
>>18840659

>> No.18840714

>>18840659
well it's not like it's slow or expensive to send USDC back to coinbase then back to kucoin

>> No.18840820

>>18840714
I don’t want to involve Coinbase in this.
I had BSV which I sold on Kucoin for USDT
Then sold USDT for USDC

I aim to reverse the above and buy back later this Friday. How high is the risk for my leaving the USDC on Kucoin?

I cannot use Coinbase

>> No.18840894

>>18840820
why are you so worried tho ?

>> No.18841506

>>18840659
I kept it in my eth account, whatever you're trading, if it's short term just use tether or whatever is on exchange.

>> No.18841665

>>18840366
That's one handsome boi, what kind of snek is he?

>> No.18841928

>>18841665
Don’t know. Just found him recently

>> No.18841984

>>18840659
if you hold your USDC on coinbase you'll get 1.25% interest. That's pretty good, similar to a savings account. downside is you have to trust Coinbase to send you your coins when you ask for them.

>> No.18842229

>>18841984
Is that for US or worldwide?

>> No.18842280

>>18840366
Tether is a scam.