Do You HODL USDT or USDC?

Nw_Work

Nw_Work

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If so do you keep it outside CEX? Then how do you prevent inflation from loosing your USDT/USDC value? If outside CEX where are you currently keeping it?
 
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I dont see personally any reason for holding any of them. - Why should someone hold those coins?
would rather gamble with Dogecoin, with the risk of 70% loss, but a little probability of getting some profit, instead of holding USDT or USDC

The only thing I hold is XMR, because I like the letters & Litecoin / Solana, because of the volatility and its potential to get up, and down, and up and down - It's like Casino but doesn't hurt to lose, because you do not have to cash in a bank note, it just takes your money from credit card, you don't even recognize. I like it.

(No financial advice/bit of sarcasm/bit of salt and pepper)

zotix
 
zotix said:
I dont see personally any reason for holding any of them. - Why should someone hold those coins?
would rather gamble with Dogecoin, with the risk of 70% loss, but a little probability of getting some profit, instead of holding USDT or USDC

The only thing I hold is XMR, because I like the letters & Litecoin / Solana, because of the volatility and its potential to get up, and down, and up and down - It's like Casino but doesn't hurt to lose, because you do not have to cash in a bank note, it just takes your money from credit card, you don't even recognize. I like it.

(No financial advice/bit of sarcasm/bit of salt and pepper)

zotix
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Why should someone hold those coins? As a digital/crypto form of holding onto USD.....
 
Nw_Work said:
Why should someone hold those coins? As a digital/crypto form of holding onto USD.....
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Understood. But what do you expect by holding these coins?
So, let’s phrase it differently:

Which scenario do you expect to happen, that you are able to say: I made a good investment?

Best Zotix

Freedoom said:
I do. For staking, to buy other coins, to pay for services :p
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That makes totally sense and I understand it.
So kind of a transaction coin.

But still- investing in this coin, means you have a trade off- you literally loose money by blocking your funds in this coin.
This money could be used to achieve more return in any other asset class.

Kind regards
 
zotix said:
Understood. But what do you expect by holding these coins?
So, let’s phrase it differently:

Which scenario do you expect to happen, that you are able to say: I made a good investment?

Best Zotix


That makes totally sense and I understand it.
So kind of a transaction coin.

But still- investing in this coin, means you have a trade off- you literally loose money by blocking your funds in this coin.
This money could be used to achieve more return in any other asset class.

Kind regards
Click to expand...

Multi-quote @zotix ;)
 
zotix said:
Understood. But what do you expect by holding these coins?
So, let’s phrase it differently:

Which scenario do you expect to happen, that you are able to say: I made a good investment?

Best Zotix


That makes totally sense and I understand it.
So kind of a transaction coin.

But still- investing in this coin, means you have a trade off- you literally loose money by blocking your funds in this coin.
This money could be used to achieve more return in any other asset class.

Kind regards
Click to expand...
It would be like savings in this coin since it remains stable, but there are ways to increase USDT/USDC as another user said by staking or lending etc
 
You are holding "stable" coins in USD which is rapidly losing its actual value due to inflation. $100 last year would allow you to buy certain amount of goods but now you need $120 to buy the same.

Your $100 looks same on paper but in reality it has less value. It's better to put cash into bank that gives you 5% rather than to convert it to stable coin that will keep it pegged to same amount. Your money sits "stable" without earning you nothing when money never sleeps and needs to do something for you.
 
Nw_Work said:
Where are you storing your USDT/USDC?
And where do you stake them for Interest?

Where are you storing your USDT/USDC?
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USDC is decentralized?

Nw_Work said:
It would be like savings in this coin since it remains stable, but there are ways to increase USDT/USDC as another user said by staking or lending etc
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Understood - You can do the same with your Banks currently since Interest rates are rising - The question is, for how long are those Staking (Pools? I assume)
I once staked 10k in Pancakeswap, with a 70-90% Interest rate—what I got at the end was a 5k total sum because this coin was not worth it, and markets were down.
We are talking about USD(T) / USD (C), which are stable coins. I know that's a huge difference, but I would like to know how much you can earn by staking, which key factors influence this, and whether it is guaranteed. Is there a Staking Provider Risk in case they make the wrong decisions and your money is not 100% predictable?


From a macroeconomic point of view, many risks come from those staking incentives:

Locking much money (FIAT USD) to USDT or USDC would cause a shortage in market liquidity. Thus, the USD exchange rate in the "real world" would decrease, and the same goes for the crypto market overall if there is a shift from other cryptos to staking.
More dramatically, the FED would need to act and adjust banking interest rates to make it competitive for banks to borrow & lend money.

Depending on who the investment managers of those staking portfolios are, they influence the regulated market and the overall financial market system.

Remember that those staking tools are used by private individuals like me and me and by investors with a little bit more money in their pockets.
As I mentioned, anything related to failure on those platforms or wrong risk management could seriously damage the financial system.

You think now: What the fuck is this guy posting here? Why should I care?
Well, in the short term, nobody cares, and it's the same with not showering.
But after a certain time, it stinks—and not only in your immediate area (US) but also further away.
USD is and remains (as of now) the leading currency for international transactions, trading goods, etc.

I just pointed out the macroeconomic effect; I don't know much about the stake incentives, etc.
If you have any kind of Info Letter, I would kindly ask you to provide it; it's better for me to understand.

But for you, in the first place, the question is, as the quote below from @Ahmed Al Banna says: Can you outperform the Inflation rate?
Is the reward of Staking that good so that you outbid other asset classes?
Last but not least, What are the returns after a specific time frame? How long is your Money locked to get a good return?
Who are the staking Firms?
What is their risk management, and how "safe" is your money in their (virtual) hands?



Ahmed Al Banna said:
You are holding "stable" coins in USD which is rapidly losing its actual value due to inflation. $100 last year would allow you to buy certain amount of goods but now you need $120 to buy the same.

Your $100 looks same on paper but in reality it has less value. It's better to put cash into bank that gives you 5% rather than to convert it to stable coin that will keep it pegged to same amount. Your money sits "stable" without earning you nothing when money never sleeps and needs to do something for you.
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Exactly :) I quoted you because you explained it very smartly and in the easiest way.

Thanks

zotix

Edit: @MrDenz (Tripple multi-quote) ˙ᵕ˙
 
Yupwork said:

40% USDC on Coinbase because they give you reward on it up to 5%. [shiiiit they closed my account]​

and 60% USDT on Binance because most of my client prefer it.​

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Why did Coinbase close it??

Ahmed Al Banna said:
You are holding "stable" coins in USD which is rapidly losing its actual value due to inflation. $100 last year would allow you to buy certain amount of goods but now you need $120 to buy the same.

Your $100 looks same on paper but in reality it has less value. It's better to put cash into bank that gives you 5% rather than to convert it to stable coin that will keep it pegged to same amount. Your money sits "stable" without earning you nothing when money never sleeps and needs to do something for you.
Click to expand...
Which bank gives u 5% for USD? At what minimum investment amount and what lock up period?
 
Yupwork said:
They not only request bank statement or some documents they also request reason of transaction and lot of information about the senders
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So means probably the sales u did were not exactly white hat so you couldn't give those details?

Lesson to be learnt here seems use CEX by putting money into it via their own systems like p2p, pay by card etc and don't use CEX to recieve money for sales income from buyers/clients
 
I would appreciate if someone could answer on my questions.
 
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