What's the best stablecoin right now?

Account Hawk

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I see a lot of people saying BTC will take months to recover from this crash and I can't afford to wait until the price comes back up to be able to spend it again, so I decided to put my money in a stablecoin for now. I'm not a trader, so I don't know a lot about altcoins. Which one would you say is the most reliable?
 

moonshine7000

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bitfinex is a shell company printing USDT out of thin air. BUSD is pax with binance logo.

USDC is the only sane option.
Tether is supposed to be backed by loans to keep the price stable.I think the Government will soon have that company under investigation.
 

ReaL_GainZ

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They're all shit I always thought USDT was safe then it went to 1.40
Best bet is to buy 2nd hand dildo's and wait till onlyfans turns into a craigslist replica
 

Scorpion Ghost

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What crash? Bitcoin is up like 7zeroes since a few years back. It's only a crash if you bought it in the past few months or so IMO

Actually thats totally true.

I remember itching to buy BTC about 2 years ago. It was like $3.000 or something lol
 

bartosimpsonio

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I'm not an investor, I just get paid in crypto and use it to buy stuff online or withdraw it to my bank account.

That's a common scenario as far as I know. Yeah there are issues with Bitcoin as a payment method because of their instability. But it's manageable if you do your hedging right IMO.
 

Account Hawk

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That's a common scenario as far as I know. Yeah there are issues with Bitcoin as a payment method because of their instability. But it's manageable if you do your hedging right IMO.
My main problem right now is that I need to have crypto available to cover my business expenses, but with the market collapsing I need to make a decision - do I take a 30% loss right now and put my money in a stablecoin to buy the dip once BTC drops more, or do I HODL hoping that it doesn't go significantly lower?
 
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