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I'm a retail investor that currently holds all my money in a stablecoin with 1400% yearly return. AMA
by nathias 4y ago
I'm a retail investor that currently holds all my money in a stablecoin with 1400% yearly return. AMA
- leehuffman 4y agoNah we good.
- qsi 4y agoA stablecoin with 1400% yearly return is ipso facto anything but stable. It purports to return 1400%. Exponentially not viable seems more apt. Or just shortcut it and call it a scam outright.
- fshbbdssbbgdd 4y agoIs there a way to short it?
- nkrisc 4y agoHas it been a year yet?
- IdEntities 4y agoHow do you believe the coin is able to pay these sorts of yields without Ponzi or Ponzi-like mechanisms?
- nathias 4y agoAll monetary mechanics are ponzi-like, that isn't a problem, the problem is if people scam or if the experimental game theory is faulty.
- pjc50 4y agoOK, a question: who's taking the other side of that trade? Who's paying 1400% to borrow and why?
- moistly 4y agoOoh, look, it’s not a greater fool, but the greatest fool!
- boeingUH60 4y ago> Stablecoin > 1400% yearly return Pick one. For real, 1400% return must be some ponzi-level s*t. How the hell can it generate such returns if not by selling to a greater fool?
- BuckRogers 4y agoThere's a saying about putting all your eggs in one basket. At the minimum, I'd definitely set a date that you're going to get out, and stick to it. My advice in life to anyone about nearly anything is to "just take a win". A lot of people can't just take a win. They have to keep going.