Honestly think BNB will surpass eth so its cool you got in early.
But Kucoin the best / most advanced exchange in the US. Maybe I’m biased since I’ve done 10-100x on at least 6 of their new project coins

This post was edited by KRR on Apr 10 2021 07:25am

well yeah that might sway anyone
you really think bnb will 3.5x from its current point now? thats without eth appreciating in value at all (which it should with 2.0 and general market growth)

Can someone explain usdc to me?

How can a block chain coin have permanent 1:1 value as US dollar?

because it’s function is to mirror the value of $1 (or whatever fiat one chooses). slight fluctuations may occur (.998 or 1.002 whatever) here and there but in general 1 stablecoin = $1. to incentivize hodl of stablecoins many platforms provide a yield now

before (when everything was grey area) stablecoins were nice to go from btc or eth to a stablecoin where you could equivalent of the dollar value of whatever crypto if you were anticipating price drops, without actually selling and locking in a true gain (or loss).

there are coins pegged to gold and other commodities as well

How in theory is a coin that is finite (it appears USDC also utilizes block chain) mirror a currency that is infinite and subject to inflation?

I have a fundamental issue with a finite block chain that takes energy to produce, that can precisely mirror an infinite currency that takes no energy to produce

help me understand great one

This post was edited by Bazi on Apr 10 2021 11:09am

well you’re now wading into the issue of money supply and token supply differences (which is probably, at least partially, why crypto saw such a run up at the end if 2020). honestly my knowledge of the ins and outs of stablecoins are not that vast that i can explain it. stablecoin’s supply does grow though, some explanations here:

https://www.theblockcrypto.com/linked/81422/stablecoin-supply-has-surged-past-20-billion-driven-by-derivatives-market

it is pegged to $1 usd not necessarily the value of $1 usd..if that makes sense. kind of hard to describe it in virtual format because irl i’d be doing air quotes and rolling my eyes a little. for better or worse crypto is still very much viewed by value of fiat rather than their exchange values between cryptos for most of the population

Stable coin isn’t like block chain in regards to being finite?

Ur last paragraph went over my head bro

https://www.coindesk.com/tether-mints-record-2b-usdt-in-one-week

https://cointelegraph.com/news/tether-s-market-cap-is-growing-at-a-near-record-pace/amp

the supply has increased over time. stablecoins tend to issue new tokens, a lot of cryptos like eth or btc mint an initial supply and dont increase it (usually). the blockchain itself isnt finite, but the number of btc tokens are. thats why tether and usdc remain in the top 30 of market caps or so. if the supply never increased the market cap would remain the same. now is this because of the increased fiat money supply who knows

what i meant is crypto is still looked at in dollar value “bitcoin is worth $60k” by most people, rather than “bitcoin is worth 27 ethereum” in bartering sort of sense.

all news to me daddy, heard it mentioned but havent actually researched like the wise Excellence has. sounds gimmicky on its surface.

Lol the few bnp I got solely to reduce trading fees is now worth thousands.

This post was edited by obisent on Apr 11 2021 01:24pm