My own insight: I just tested liquidating on kucoin, converting

Question

My own insight: I just tested liquidating on kucoin, converting

$10K UST to USDC, and I got $8.96K, so lost about $1K or 10%, as buyers of UST not paying 1:1.

So currently my options seem to be: 1) liquidate remainder of my UST and get 90% of my value in usdc
2) hold in there and hope for repegging, to keep 100% of my value
3) worst case scenario I lose much more than 10% by holding UST if it crashes.

So what do I do? If you had $1M+ in UST. I could lose $100K and sell into USDC, or hold and wait, don't panic. All goes to confidence of re-pegging I guess.

Any thoughts? Suggestions?

#anchor #cryptocurrency #english

0

10.05.2022

5 ответов

17 просмотров

Niron

Hold. UST will regain its peg. Just give it some time

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10.05.2022

Gobi Desert Canoe Pro

My thinking is that UST will repeg and you should wait a few days before selling at a loss. The worst is over. There are too many powerful interests and parties that want/need UST repegged.

0

10.05.2022

Ander Man

Gobi Desert Canoe Pro
My thinking is that UST will repeg and you should ...

Don’t know about that.. Do Kwon ran out of money to keep the peg and LUNA mcap is lower than that of UST which both seem like a huge disaster

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10.05.2022

💎🐋🐳Lee Towers🐳🐋💎

Buy ust on discount, wait be patient and you gain more

0

10.05.2022