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What will happen to my usdt, I'm in Europe and Binance has not yet commented on this matter, thank you and continue happy holidays 😉
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USDT vs. USDC: What You Need to Know
Many of my friends suggest buying USDC over USDT, but today I will break down the pros and cons of both stablecoins so you can make an informed decision.
It’s true that USDT has faced some issues in Europe, but let's look at the facts.
USDT: The Strongest Stablecoin
USDT is currently the leading stablecoin with a market cap three times larger than USDC. These numbers speak for themselves.
Advantages of USDT:
Market Dominance: USDT holds the largest market cap, making it the most established and widely used stablecoin.
Low Taxes: USDT transactions generally have low or even negligible fees, making it a cost-effective choice for users.
However, the big issue with USDT is that it’s issued by a Chinese company, which raises concerns in certain regions like the US and Europe. This may lead to regulatory challenges in the future, but for now, USDT remains a powerful asset.
USDC: The American Alternative
USDC, on the other hand, is backed by a US-based company and is built on the Ethereum network. While it is a solid alternative, there are some downsides.
Disadvantages of USDC:
Higher Transaction Fees: Since USDC is based on the Ethereum network, transaction fees are typically higher due to Ethereum's gas costs.
Smaller Market Cap: USDC's market cap is significantly smaller than USDT's, which could affect liquidity and stability.
Why the Tension Between USDT and USDC?
The main reason for the debate over USDT is its origin. Being a Chinese company, USDT faces scrutiny, especially in regions like the US and Europe, which may lead to potential regulatory issues in the future. Meanwhile, USDC is seen as a safer alternative due to its US-based company backing.
But is USDC the best option right now? Not necessarily. Its high transaction fees could be a burden for investors, especially if you're making frequent transfers or trading smaller amounts.
My Advice: Stick With USDT for Now
For now, USDT remains the more practical choice due to its low fees and dominant market position. However, keep an eye out for new stablecoins, as I believe the market will see alternatives emerge soon that could be more favorable for investors.
Until then, don’t rush into switching to USDC. Stick with USDT unless there is a clear, better alternative in the future.
Good luck to everyone!
#BTCNextMove #BinanceLaunchpoolBIO #GrayscaleHorizenTrust #BinanceAlphaAlert #MicroStrategyInNasdaq100 $XRP $ETH $BTC
It’s true that USDT has faced some issues in Europe, but let's look at the facts.
USDT: The Strongest Stablecoin
USDT is currently the leading stablecoin with a market cap three times larger than USDC. These numbers speak for themselves.
Advantages of USDT:
Market Dominance: USDT holds the largest market cap, making it the most established and widely used stablecoin.
Low Taxes: USDT transactions generally have low or even negligible fees, making it a cost-effective choice for users.
However, the big issue with USDT is that it’s issued by a Chinese company, which raises concerns in certain regions like the US and Europe. This may lead to regulatory challenges in the future, but for now, USDT remains a powerful asset.
USDC: The American Alternative
USDC, on the other hand, is backed by a US-based company and is built on the Ethereum network. While it is a solid alternative, there are some downsides.
Disadvantages of USDC:
Higher Transaction Fees: Since USDC is based on the Ethereum network, transaction fees are typically higher due to Ethereum's gas costs.
Smaller Market Cap: USDC's market cap is significantly smaller than USDT's, which could affect liquidity and stability.
Why the Tension Between USDT and USDC?
The main reason for the debate over USDT is its origin. Being a Chinese company, USDT faces scrutiny, especially in regions like the US and Europe, which may lead to potential regulatory issues in the future. Meanwhile, USDC is seen as a safer alternative due to its US-based company backing.
But is USDC the best option right now? Not necessarily. Its high transaction fees could be a burden for investors, especially if you're making frequent transfers or trading smaller amounts.
My Advice: Stick With USDT for Now
For now, USDT remains the more practical choice due to its low fees and dominant market position. However, keep an eye out for new stablecoins, as I believe the market will see alternatives emerge soon that could be more favorable for investors.
Until then, don’t rush into switching to USDC. Stick with USDT unless there is a clear, better alternative in the future.
Good luck to everyone!
#BTCNextMove #BinanceLaunchpoolBIO #GrayscaleHorizenTrust #BinanceAlphaAlert #MicroStrategyInNasdaq100 $XRP $ETH $BTC
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Cryptography is not suitable for anxious people, it is a process that requires a lot of self-control. I already lost a lot of money at the beginning, I managed to recover everything at the top and make a profit, with today's drop I'm already at a loss again, that's part of it.
But today I can relax, not visit binance, and have a peaceful weekend. Today is not yesterday and tomorrow will not be today, everything changes, believe and everything will be fine, and do nothing, let the King #BTC🔥🔥🔥🔥🔥 follow his path. Good luck to everyone and above all, good health, merry Christmas and a prosperous 2025. A piece of advice: uninstall the Binance APP on your cell phone for 15 days 😉
But today I can relax, not visit binance, and have a peaceful weekend. Today is not yesterday and tomorrow will not be today, everything changes, believe and everything will be fine, and do nothing, let the King #BTC🔥🔥🔥🔥🔥 follow his path. Good luck to everyone and above all, good health, merry Christmas and a prosperous 2025. A piece of advice: uninstall the Binance APP on your cell phone for 15 days 😉
hang on !!!!!!!
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How Kevin Day Lost $16 Billion in Bitcoin
One day, Kevin Day, a tech enthusiast from Nebraska, found himself at the center of one of the most dramatic events in Bitcoin history. In the 1990s, Kevin had worked as a video game developer on classics like Mortal Kombat 4, NBA Showtime, and NFL Blitz. A true geek at heart, he even had the chance to meet Mark Hamill, the actor behind Luke Skywalker.
Beyond his gaming career, Kevin was passionate about the internet. After his startup folded during the Dot-Com Crash, he turned to hosting websites, drawn by the freedom and creativity of the web. That same spirit eventually led him to #Bitcoin . Kevin joined the Bitcoin community when the price was $7, captivated by its meteoric rise from just $0.30. He quickly threw himself into mining, eager to be part of this revolutionary digital movement.
On June 19, 2011, Kevin’s passion collided with an extraordinary opportunity. Within just 20 minutes, Bitcoin’s price crashed from $17 to an astonishing $0.01. While others were paralyzed by panic, Kevin saw his chance. Acting quickly, he placed a bid to buy $3,000 worth of Bitcoin at $0.01 per coin. His order succeeded, securing him an unbelievable 259,684 #BTC for less than $3,000.
As the price rebounded, Kevin’s investment soared in value, skyrocketing by an incredible 166,000%. He managed to withdraw 643 BTC—the maximum allowed under the exchange’s policies—before everything unraveled.
The crash, it turned out, wasn’t a mere market fluctuation. It was the result of a hack on the Mt. Gox exchange. The hacker had stolen Bitcoin and sold it at fire-sale prices, creating chaos in the market. To address the fallout, #MtGox decided to roll back all trades made during the crash, including Kevin’s.
This decision erased Kevin’s remaining Bitcoin and the holdings of countless other traders who had placed legitimate orders. Though Kevin had acted in good faith, the Bitcoin community was split. Some accused him of being the hacker, while others defended him as an innocent trader who had simply seized an opportunity.
Unshaken, Kevin stepped forward to tell his side of the story. He argued that his trades were legitimate and criticized Mt. Gox for setting a dangerous precedent with its rollback. To Kevin, exchanges should uphold Bitcoin’s core principles: transparency, immutability, and fairness.
Despite being advised to sue Mt. Gox, Kevin chose not to pursue legal action, fearing it might destabilize the fledgling Bitcoin ecosystem. Instead, he became an advocate for personal responsibility in cryptocurrency, championing the now-famous mantra: #NotYourKeysNotYourCoins .
Though Kevin lost 259,360 $BTC —worth over $16 billion today—his story stands as a cautionary tale. It highlights the risks of centralized exchanges and underscores the importance of safeguarding one’s assets in the unpredictable world of cryptocurrency.
Beyond his gaming career, Kevin was passionate about the internet. After his startup folded during the Dot-Com Crash, he turned to hosting websites, drawn by the freedom and creativity of the web. That same spirit eventually led him to #Bitcoin . Kevin joined the Bitcoin community when the price was $7, captivated by its meteoric rise from just $0.30. He quickly threw himself into mining, eager to be part of this revolutionary digital movement.
On June 19, 2011, Kevin’s passion collided with an extraordinary opportunity. Within just 20 minutes, Bitcoin’s price crashed from $17 to an astonishing $0.01. While others were paralyzed by panic, Kevin saw his chance. Acting quickly, he placed a bid to buy $3,000 worth of Bitcoin at $0.01 per coin. His order succeeded, securing him an unbelievable 259,684 #BTC for less than $3,000.
As the price rebounded, Kevin’s investment soared in value, skyrocketing by an incredible 166,000%. He managed to withdraw 643 BTC—the maximum allowed under the exchange’s policies—before everything unraveled.
The crash, it turned out, wasn’t a mere market fluctuation. It was the result of a hack on the Mt. Gox exchange. The hacker had stolen Bitcoin and sold it at fire-sale prices, creating chaos in the market. To address the fallout, #MtGox decided to roll back all trades made during the crash, including Kevin’s.
This decision erased Kevin’s remaining Bitcoin and the holdings of countless other traders who had placed legitimate orders. Though Kevin had acted in good faith, the Bitcoin community was split. Some accused him of being the hacker, while others defended him as an innocent trader who had simply seized an opportunity.
Unshaken, Kevin stepped forward to tell his side of the story. He argued that his trades were legitimate and criticized Mt. Gox for setting a dangerous precedent with its rollback. To Kevin, exchanges should uphold Bitcoin’s core principles: transparency, immutability, and fairness.
Despite being advised to sue Mt. Gox, Kevin chose not to pursue legal action, fearing it might destabilize the fledgling Bitcoin ecosystem. Instead, he became an advocate for personal responsibility in cryptocurrency, championing the now-famous mantra: #NotYourKeysNotYourCoins .
Though Kevin lost 259,360 $BTC —worth over $16 billion today—his story stands as a cautionary tale. It highlights the risks of centralized exchanges and underscores the importance of safeguarding one’s assets in the unpredictable world of cryptocurrency.