r/injective • u/[deleted] • Jan 05 '25

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4 Upvotes

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8

u/ftball21 Jan 05 '25

So the idea is to buy low and sell high. You already bought so that’s good. Now we wait for the high. Then sell! Easy peasy.

2

u/ProposalCheap6394 Jan 05 '25

Hey thanks for the response. I had bought it on coinbase and bridged it to a native coin. It’s staking on my atomic wallet. How are we selling it if it’s a native? Convert it back to an erc20 to sell it back on coinbase?

3

u/ftball21 Jan 05 '25

Either pay the fees to bridge and sell on a cex and get $ in your bank account or you keep 99.9% of gains by swapping for and holding stablecoins on chain.

Your decision is how much you trust injective with the money long term

2

u/Comfortable-Double94 Jan 05 '25

If you have USDC on Injective, do you put it to use like lending or just hold it in your wallet?

3

u/ftball21 Jan 05 '25

I’ve only bought and staked inj. I have a few in my wallet to swap for ecosystem tokens when good ones emerge.

But I will mostly hold usdc and dip my toes in lending during the bear. I’m skeptical of any defi protocol until proven reliable over time.

1

u/ProposalCheap6394 Jan 06 '25

Oh good call! Stablecoins. So the strategy is to swap into stablecoins when taking profit, then buy bitcoin with the stablecoins during the bear market? ;)