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+--- Thread: USDC/DAI/MIM - ALL DEPEGGED (/showthread.php?tid=6235880)
USDC/DAI/MIM - ALL DEPEGGED - ___GS___ - Mar 11, 2023
Why everyone is so silent about it? Specially [mention=3209658]
I am personally loosing over $300k with holding all these, But where is all the so called experts now?
Desperately waiting for you all to respond and defend this now. USDD still better than these "STABLE COINS"
Told you all that crypto is always risky, Whole crypto world is risky. Nothing is guaranteed here, before being an expert learn to understand crypto first before going into that deep. LOL 🤦♂️🤦♂️
RE: USDC/DAI/MIM - ALL DEPEGGED - Blockonome - Mar 11, 2023
The stablecoins will return, I am pretty certain about that. They are not built the same way like Luna stable coin was, so this will bounce back. It happens from time to time.
RE: USDC/DAI/MIM - ALL DEPEGGED - ___GS___ - Mar 11, 2023
(Mar 11, 2023 04:58 AM)Stan Marsh Wrote: The stablecoins will return, I am pretty certain about that. They are not built the same way like Luna stable coin was, so this will bounce back. It happens from time to time.
USDD also bounced back. I never said that its gone, But they kept on saying that other stablecoins like USDC will never depeg. If a stablecoin depegged its not stablecoin. They said.
RE: USDC/DAI/MIM - ALL DEPEGGED - Blockonome - Mar 11, 2023
(Mar 11, 2023 05:07 AM)Goldsound Wrote: USDD also bounced back. I never said that its gone, But they kept on saying that other stablecoins like USDC will never depeg. If a stablecoin depegged its not stablecoin. They said.
Very true, but they are stable 95% of the time I would say, perhaps around 90% of the time now, but I do honestly not think we have to worry too much, unless the companies starts acting shady.
RE: USDC/DAI/MIM - ALL DEPEGGED - ___GS___ - Mar 11, 2023
(Mar 11, 2023 05:13 AM)Stan Marsh Wrote: Very true, but they are stable 95% of the time I would say, perhaps around 90% of the time now, but I do honestly not think we have to worry too much, unless the companies starts acting shady.
And to be very honest, I am scared now. I am clueless on what to do next now.
RE: USDC/DAI/MIM - ALL DEPEGGED - DashPHP - Mar 11, 2023
Honestly an incredibly scary position to be in right now.
RE: USDC/DAI/MIM - ALL DEPEGGED - Kaleb - Mar 11, 2023
I did very very very little reading on this but it seems circle, who owns or operates USDC to some degree had a bunch of their reserves in a bank called Silicon Valley Bank which collapsed in one way or another LMAO.
RE: USDC/DAI/MIM - ALL DEPEGGED - ___GS___ - Mar 11, 2023
(Mar 11, 2023 07:18 AM)shreder Wrote: Broken was a huge fan of DAI/USDC he quickly deleted his posts.
At the time I was pro-dai was because it did not have USDC as collateral. I don't state what I do on a daily basis on HF, I haven't held Dai in 2 years now.
I was holding USDT/USDC/DAI/MIM.
Although I was big fan of USDT since beginning, But I planned to split funds across different stablecoins.
Not panic yet, Let's see what happens
RE: USDC/DAI/MIM - ALL DEPEGGED - Yin Yang - Mar 11, 2023
Yikes, you lost 300K from it?
RE: USDC/DAI/MIM - ALL DEPEGGED - shreder - Mar 11, 2023
(Mar 11, 2023 07:28 AM)Goldsound Wrote: I was holding USDT/USDC/DAI/MIM.
Although I was big fan of USDT since beginning, But I planned to split funds across different stablecoins.
Not panic yet, Let's see what happens
If CB reopens swaps on Monday when banks are open and they pull more funds, then you'll see if they were truthful or not.
RE: USDC/DAI/MIM - ALL DEPEGGED - SUI-3183372 - Mar 11, 2023
You're fine. Circle's exposure wasn't large ($3.3b), an amount they can certainly absorb, and even if they can't, Coinbase will bail them out.
Seems like a prime opportunity to buy USDC.
Edit: Tether don't use US banks so no exposure.
DAI/Frax/mim will recover as usdc does.
RE: USDC/DAI/MIM - ALL DEPEGGED - Blue Eye Samurai - Mar 11, 2023
Is this the right time to buy USDC or not? Since it will bounce back
RE: USDC/DAI/MIM - ALL DEPEGGED - ___GS___ - Mar 11, 2023
(Mar 11, 2023 09:01 AM)BV1 Wrote: You're fine. Circle's exposure wasn't large ($3.3b), an amount they can certainly absorb, and even if they can't, Coinbase will bail them out.
Seems like a prime opportunity to buy USDC.
Edit: Tether don't use US banks so no exposure.
DAI/Frax/mim will recover as usdc does.
We all hope so. I was planning to sell but I'd rather wait till monday.
RE: USDC/DAI/MIM - ALL DEPEGGED - SUI-3183372 - Mar 11, 2023
(Mar 11, 2023 09:52 AM)Goldsound Wrote: We all hope so. I was planning to sell but I'd rather wait till monday.
There will be further contagion that probably keeps things depegged for longer than 2 days.
RE: USDC/DAI/MIM - ALL DEPEGGED - Blue Eye Samurai - Mar 11, 2023
Do you think it's wise to buy USDC right now?