You're telling me if I can just get $5 milliion dollars, I could earn 200k/yr in yield by holding USDC on Coinbase and just live off of that?

Even just 2.5 mil would be 100k/yr... more than enough to live in a shack in a white part of Indiana

>>60660290 (OP)
Or dividend stocks or reits
but yes

5% barely covers inflation.

>>60660290 (OP)
Yes until USDC de-pegs and your 5 million becomes 5 cents. It will happen this year along with tether.

>>60660309
Um source?

Would you really trust Coinbase to hold your funds? There are better ways to do this kind of thing in DeFi...

>>60660309
what does that mean? 1 usdc = 1 usdc

>>60660311
>There are better ways to do this kind of thing in DeFi
how? i would rather trust Coinbase/Binance than a random websites

>>60660320
Well for starters Aave and Compound are both reputable yield protocols.... I wouldn't keep all my eggs in one basket anyway

>>60660309
>Yes until USDC de-pegs

Holy yikes!!! Better not have $5 million then. This redditor has heckin' owned you OP with his made up retarded scenario

>>60660320
Lol, your own wallet? The only thing cexes are good for is offramping.

>>60660316
1 usdc does not always equal 1 usd.

>>60660311
Coinbase is basically a bank. No less trustworthy than any of those.

>>60660334
Are you retarded? You realize Tether could collapse in the very near future, right?
I was making a joke with usdt but anything is possible. Why do facts trigger biztards so bad LOL!

>>60660309
Youre saying the dollar and tether are going down hard this year? Don't know what de pegged means.

>>60660352
Compound and Aave are both on-chain, which means that you are demonstrably in control of your funds.

>>60660371
No, I'm saying Tether will de peg from the dollar when the Genius Act exposes Tether is backed by nothing and not at all 'stable' and everyone sells their Tether.

>>60660395
It's well known that USDT is not actually redeemable for USD.

>>60660399
You can trade it out for something that is easily. What's your point? Lots of people use Tether for holding, since it's supposed to be stable. It would be stable if it was actually backed by an equivalent amount of usd. It's not.

>>60660406
Yeah, that's my point. USDT has never been redeemable for USD, so it can't be meaningfully stated that it's *backed* by anything.

>>60660290 (OP)
Look into the risks and benefits of lending your USDC on a decentralized platform like aave, morpho, and compound.finance. newfags on here complaining about it but if youve been here long enough, you can tell most of them are technologically illiterate.

Ive never been liquidated and ive been receiving 7% APY consistently for 4 years so far. ymmv

>>60660290 (OP)
S&P500 gives better returns than that.

>>60660290 (OP)
Be better off putting it in blue chip high yield divvy stocks but yeah.

You know how coinbase can offer you that?
Because they're getting a bigger yield elsewhere with your money at zero risk. Look into that

>>60660440
Hell, isn't that the same rate as just putting it in a high yield savings account or buying government bonds? The whole hard part is getting 5 million bucks

>>60660290 (OP)
The apy will changes ive seen it at .5%, but yeah the way percentages scale is how rich people constantly pull away, 4% on 10k is only 400 dollars versus 10mil is 400k

>>60660399
Coinbase has a tether/usd pair? That's my on off ramp I don't know about other exchanges but what are you talking about?

>>60660718
They are doing the tether fud narrative because these parasites are about to dump the market 80%

Will welfare states still exist 30 years from now? I think the average person is completely fucked when it comes to retirement. Senior poverty is gonna absolutely explode by the time millennials retire. And honestly? I don't think governments care. They'll just let all the old people die penniless and alone

>>60660300

Or live like a king in Asia.

40k/year is enough to live very well in a villa on a tropical beach in Asia and still save a good part of it because fuck taxes once you leave the states you don't pay tax under 140k income and most developing countries aren't set up to tax foreign income from crypto.

I'm not so sure you want to be trusting credit investments in the year 2025. The amount of claims/IOUs on the real world are stacking up far faster than the actual economy so that means a large portion of it is no good. We're not in a post-scarcity world where none of this matters. Most people don't realize essentially 100% of your savings is being consumed and there is nothing left to pay you. The system is trying to manage the interest payments and everyone invested in it is playing a fatal game of musical chairs.

>>60660300
with 100k a year you could do whatever the fuck you want in southern europe

>>60661582
Of course governments care because old fuckers vote. That's like the three things they do, eat, shit the bed and vote. Problem is it's absurdly fucking expensive to hand out $50k a year to every old person just for being old when old people live longer and there's not ten times as many young people to pay for them

>>60660290 (OP)
You've got inflation and general uncertainty and taxes, but yes even after that's out, you could live responsibly how middle class people live irresponsibly.

>>60661854
I don't know. Before social security half of seniors died in poverty or lived in poor houses. I don't see why the government couldn't go back to this state. On top of this younger people just aren't having kids so they can't rely on them. No savings, no welfare state, no kids. I forsee a bleak future

>>60660290 (OP)
Sure, but just get government bonds at that point.

>>60661976
>On top of this younger people just aren't having kids so they can't rely on them.
Western governments already found a solution to the lazy young people problem

>>60661989
Back in the day older people lived with their kids more and now many younger people won't have that option when they get old. I guess we'll just throw seniors in facilities to be "cared for" by mystery meat migrants

>>60662054
>I guess we'll just throw seniors in facilities to be "cared for" by mystery meat migrants
It's either this or optional medical suicide

>>60662064
I was thinking maybe robotics and AI will advance enough in 30 years as well. I'll take the robotic nursing assistant over some Jamaican any day

>>60662079
hopefully that's what will happen

>>60660290 (OP)
>coinbase
lol

>>60660353
>could
>fact
Were you always this brain damaged or did you recently hit your head and become retarded?

>>60661748
fact

>>60661748
Is this what you do?

>>60662079
This is funny. The globe collectively overconsumed every last resource we created and we have zero savings. It's more likely that retirees will be eating expired cans of catfood while they wait to get tossed in to open pit mass graves than they are to be cared for by high tech robotics and A.I.
It is not even a guarantee our country can even maintain the depreciation on all of the capital that we DO have. An example would be states not being able to maintain the highway system without federal government deficit spending.
Despite what MMT economists might say, things like infrastructure spending and healthcare are not growing the economy. These are COSTS you have to be able to afford. It is better for healthcare spending to be 1% of the economy instead of 15%. Same goes for finance as well as the myriad of "service" jobs we have here. It is no longer resting on the back of productive capital and labor but more and more on the expansion of credit which is having diminishing returns.
Smart money is buying precious metals and GME (look at VW of 2008 crash)

>>60662684
No smart money is buying GME

>>60662749
It has $9BN in cash on hand, no debt, and a $10BN market cap. It has also been theorized that a massive short squeeze is latent in this stock which is why the company has such a bizarre valuation.
During the 2008 crash, VW literally did the exact opposite which is charactering of naked-short-sold securities.
A crash is a cascade of selling.
Naked short sold equities such as GME (and VW) have the opposite problem. They have a cascade of market BUYING.
Smart money is seeing the similarities and finding that the systemic-naked-short-selling thesis is 100% factually real. So game theory shows that all you need to do is buy up as much as you can. This 100% shields you from market collapse and will also give you the opportunitity of a lifetime to sell an asset at its all time high to buy up blue chips and everything else when they are on a firesale.
This is 100% proven FACT and there is nothing that can be done to stop it.

>>60662803
I will throw a few k at it for your effort post.

>>60660309
this

>>60660310
Celcius, FTX, Luna, etc

>>60660334

>>60662187
>>60660334


holy shit this guy is gonna get rekt so hard


imagine being so new you still trust centralized exchanges to hold "your" valuable crypto

lurk moar fucking newfaggots

>>60662809

>>60660395
>>60660399
look at those mongoloids.
Usdc is fully audited and has backed reserves. tether is just a little bit more shaddy but it also has reserves.
This is verified. you're really just trying to look smart but you have no idea.
Also USDC is the glowie / gov stable coin so it's the most secure. Only problem is they can freeze your assets if they feel like it and that is a big concern

If you have 5 million dollars it’s really simple. Just never put 5 million in there. Put in 2.5 million then put 2.5 million into gold coins. Earn 100k/year and should it ever crash you don’t really care cuz you got the other half in gold.

>>60660290 (OP)
itt: Crypto retards discover bonds.