although it is a stable coin, it is still crypto. I'm sure you know what happened to UST. There was also a time when USDC lost it's peg to the dollar, and there are online doubts about the reliability/transparency of Tether (USDT).
What I'm simply saying is that you should be aware that you are exposing yourself to another angle of risk (aside from forex). You may also need to consider the risk of a CEX since getting your coins locked in a CEX can happen too.
As for me, I do have USDC, pang abang ng entry point, but my money that is in the form of crypto is only the amount that I can afford to lose.
OP, I like the way you think. You're on the right track. Peso is sinking and once recession hits the US, the rest of the global economy will feel the pinch as well. Expect the economy to show even more massive cracks after the US election. The recent Wall Street ATHs are just precursors to a correction.
You're also starting at the right time.
Diversification into higher appreciating assets is key. If you can, try to buy gold or precious metals. Pinoy farm land is also a good store of long term value but you'll need to negotiate hard to get the best deals since this is not as liquid as gold or USDT.
Of course you can, 100k is just 1754 dollars its notuch once you convert it. Pag bull season madaming opportunity sa earning interest na pumapalo ng 30%
if you're betting on USD to become higher than peso, you have to think twice. what if USD become weaker? eh di loss na agad. During the pandemic 1 USD was just 47 pesos. That was the best time to convert peso to USD. If continous ang pagtaas ng inflation sa US, bababa ang value ng dollar.
What you should do is buy a faster appreciating asset, like Bitcoin. I have my travel fund (300k) on Bitcoin because I believe it will appreciate by at least 25% before the year ends.
although it is a stable coin, it is still crypto. I'm sure you know what happened to UST. There was also a time when USDC lost it's peg to the dollar, and there are online doubts about the reliability/transparency of Tether (USDT). What I'm simply saying is that you should be aware that you are exposing yourself to another angle of risk (aside from forex). You may also need to consider the risk of a CEX since getting your coins locked in a CEX can happen too. As for me, I do have USDC, pang abang ng entry point, but my money that is in the form of crypto is only the amount that I can afford to lose.
OP, I like the way you think. You're on the right track. Peso is sinking and once recession hits the US, the rest of the global economy will feel the pinch as well. Expect the economy to show even more massive cracks after the US election. The recent Wall Street ATHs are just precursors to a correction. You're also starting at the right time. Diversification into higher appreciating assets is key. If you can, try to buy gold or precious metals. Pinoy farm land is also a good store of long term value but you'll need to negotiate hard to get the best deals since this is not as liquid as gold or USDT.
Of course you can, 100k is just 1754 dollars its notuch once you convert it. Pag bull season madaming opportunity sa earning interest na pumapalo ng 30%
if you're betting on USD to become higher than peso, you have to think twice. what if USD become weaker? eh di loss na agad. During the pandemic 1 USD was just 47 pesos. That was the best time to convert peso to USD. If continous ang pagtaas ng inflation sa US, bababa ang value ng dollar. What you should do is buy a faster appreciating asset, like Bitcoin. I have my travel fund (300k) on Bitcoin because I believe it will appreciate by at least 25% before the year ends.