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re: Official CryptoTalk Thread
Posted on 2/29/24 at 11:53 am to Hulkklogan
Posted on 2/29/24 at 11:53 am to Hulkklogan
quote:
Every week I convert some USD to USDC and then swap the USDC for ETH for my DCA strategy. I've stopped converting USDC to ETH. I've got some plans for taking profits and holding onto them til next bear market to re-deploy. This is for my main stack. My play money just is what it is, hope to hit a shitcoin jackpot or two and cash out lol
Dumb question, but why are you doing the USD -> USDC conversion? Why not just buy ETH directly through an exchange?
1
Posted on 2/29/24 at 12:49 pm to Lawyers_Guns_Money
I onboard through Coinbase, and if you go USD->ETH there's a hold period. If you go USD -> USDC, there's no holding period and so you can convert the USDC to whatever you want and have full access to it. Plus, I like to have that sitting as USDC on Coinbase because then it's taken from my bank account already done with, don't have to remember or think about it.
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