/biz/ - Business & Finance

IMO either:

- This is generated FUD for them to get cheaper bitties

or

- They know crypto is fucked (via their friends at the SEC) and are cutting their losses

World markets are looking bad. GS has turned bearish on everything

Who cares though. Fuck the banks!

>>10969131
They simply FOMOed in like retards.

>>10969131
The trading desk was canned, the trading desk takes a call, 'hello bergstein plz buy 100k', then he fulfills the order with the worst possible spread he can engineer and takes a fee for this service.

The desk does not sit around speculating on the price of bit coins, he does not fucking buy and hold, he merely provides a service in exchange for profits, the desk cannot operate if it cannot guarantee it will win.

they dont care unless they can water down the vodka and sell you bullshit

There was a ccn article that said the price drop started seconds before the press release. There were like 70 million in shorts created just in time.

>>10969151
Fuck the SEC and fuck GS

Why do you need a trading desk when (((they))) know ETFs are being approved soon?

(((They))) want to destroy crypto.

>>10969262
The jews?

>>10969131
>buy something that threatens your business model and destroy it

tale as old as time itself

>>10969283
But no one even uses their stupid exchange

>>10969131
>>10969151
Option A forsure... crypto existed befprr SEC bullshit, it doesnt need it, its not even federally controlled currency so they really cant do shit with it, and it will continue just fine without it

>>10969165
I back this statement

>>10969212
>the desk cannot guarantee a win
Bingo.

>>10969234
Its fucking wierd right.

>>10969326
No one uses it because its a shit exchange. Im sure they approached better ones under the tabled and where laughed at and told to fuck off.. so he bought what he could. I know id tell em to fuck off if i had control of the next world market

OP here I like these:

>>10969283
>>10969165

>>10969413
If it could collect enough fees from big nosers who do not do trivial shit like make their own trades it is still viable, because he can still merely take the fees, obviously insufficient interest to do more than funnel through polo, not surprising.

Liquid platform has launched that’s why.

>>10969326
it was popular before, peaks of 2 billion 24hr volume, maybe a few million in fees per day, currently much less.
>>10969283
It doesn't threaten their business model at all, they do not give two shits what you trade, merely that you go through them to do it.