/biz/ - Business & Finance

>>50168322
>cassandra
who this

>these assets are worth more than the amount of money available to buy them if they were all to be sold at once!
No fucking shit

>>>/t/witter

>>50168322
What does this have to do with chainlink?

>>50168322
sounds like a ponzi scheme

>>50168322
This comes as no surprise to anyone that isn't a knuckle dragging retard. Wait till you find out how fractional reserve banking works.

Sell it all. Today

>>50168322
Why would i buy useless jewish asspaper ( dollars ) with my money ( bitcoin ) ?

>>50168322
>Vague schizo-posting
How dull

>>50168368
Sirgay is dumping Chainlink for real dollars while you buy with real dollars and tether prints fake money for you to believe you’re holding value

>>50168322
>cefi

>>50168322
Fr, the crypto market cannot survive the EU and US legislation for stables

>>50168370
Yes fractional reserve banking is a scam. Are you a child or a dipshit to not understand the whole world is a ponzi scheme? Or do you always just point out the obvious like that?

>>50168322
Is this why coinbase is merging USDC with USD?

don't care im buying (more) funny dog coins while closing my ears to outside news, events and reports
buy VINU before it's too late you fools this is how i win

>Cassandra Schadenfreude
You quite literally can't make this shit up lmao

>>50168322
Thats the good thing with dollars, you can always print more so that everyone gets some.

>>50168322
This broad is dumb as fuck. People lent out their stables and now are trying to get them back despite the fact that they are still lent out

Thanks just bought 100k

>>50168731
She's talking about the greater fool theory and there being no floor on it.

>>50168347
michael burry's alter

>>50170060
>she

>>50168322
what good is a cryptocurrency if there is nowhere to exchange it for something else?

>>50168322
But wait... if fractional reserve banking is bad, then why do our central banks do it?

>>50170470
They always expose themselves. Good eye anon.

>>50168322

This woman is literally retarded. The same can be said for ANY asset class out there.

Why even post this OP?

Newsflash...if you think doomsday all the time you will attract nothing but poverty. Why is biz nothing but a bunch of broke negative wanna be neets now? You guys are pathetic.

There is nothing but chronic fear mongering and negative energy on this board now.

OP you are a brainlet for even posting this shit. Literal sub 80 IQ incel.

Frances Coppola is one of the retarded copelords attention Stephen Diehl's inaugural crypto fud conference.
Go here for hearty keks:
>https://crypto-policy.tech/
A literal conference dedicated to being embarrassingly on the wrong side of history.

>>50168347
I think she made some shitty movies back in the 2000s

>>50168322
Crypto was supposedly created to free you from banks and their bullshit, but what did they do with it? They created a bunch of fucking banks. Crypto is a god damn joke.

Woman is retard exchanges are shoveling worthless usd bills left n right with a snow plow and nobody wants em
This is all a psyop to get u to give up ur crypto

>>50170977
Speakers are all literal no-names, half of them are journalists lol

>>50168322
Its called leverage casandra you stupid bitch.

>>50170852
I was going to reply to OP responding to boomers and low IQ people is pointless

>>50168322
forex is the future
just imagine how good you will be after being battle hardened by shitcoins on some lame ass exchange playing shit peso against ruble

>>50171428
This what the fuck is wrong with normies

>>50168359
>supporting fractional reserve markets

>>50170470
this
THERE'S NOT ENOUGH CASH IN THE BANKS EITHER
see what happens when an entire country tries to redeem
FDIC has never been tested

>>50171515
FDIC and any type of bank insurance is a meme, here in Argentina when the banks crashed in 2001 everyone got it "covered and insured" except that everyone getting their insurance caused a 300% devaluation meaning nobody got shit in the end.

If everyone has insurance then nobody really has insurance lmfao.

>>50168322
>schadenfreude

>>50171636
all of currency as a concept is fucked
we should return to the idea of socialist labor energy credits

>>50168322
Frances Coppola has been fudding crypto since 2016. Just ignore her

>>50171848
https://www.youtube.com/watch?v=TZhsIFG42wE

>>50168322
imagine believing that fractional reserve is an inherently unstable model despite the fact that real banks are fractional reserve and their reserve requirements are functionally 0%. At the end of the day crypto probably has a better reserve than the banking system, the only thing Fedcoin has going for it is FDIC

>>50171891
yea I made it through less than 10 of her tweets. bitch be woefully uninformed.

I've been telling you people for weeks. All indicators show crypto is about to shit the bed. 4 figures is not even a meme, and I have no idea how low it can go since at that point everyone will scramble to get some money back.

Can someone point me where in the Bitcoin protocol the dollar exchange rate is mentioned? Or where in the Ethereum protocol? Oh wait, real crypto doesn't give a single shit about fiat. If you're holding stablecoins, other than to trade and buy real crypto lower, you're a fucking retard.

1 Bitcoin = 1 Bitcoin. Nothing has changed. Whether its pumped and dumped on the short term time frame by central banks or the treasury or homeland security doesn't fucking matter. In the end there will always be more dollars per bitcoin that there were before.

Next time the government needs to fund a retarded war, or bailout a bank, or pay out gibs to the politically connected, that isn't coming out of bitcoin holder's savings.

i love how once again they are pulling all the stops to fud the normies out of buying at low cost
you'd think after several cycles it won't work anymore buy oh boy are you wrong

just look at this retard
>>50172302

>>50168381
>>50168322
Bro you're so fucking stupid. Nice digits too lmao. How could anyone sell if the OP is correct? There's no le dollars. Cryptocurrencies are currencies. You don't need to exchange them for dollars. If you do, you invested in something you didn't know what it was and you're exiting as a low information investor. That's like saying, there just isn't enough dollars to sell my pesos! There's always enough dollars. Crypto doesn't need to be backed by anything. If it did it wouldn't be a cryptocurrency, however you could have nfts as a contract to be backed by something.

>>50168322
>lmao banks are bad lets make decentralized currency
>lol lets make centralized exchanges
>rofl why not just use fractional reserve banking to make more profits like banks do
The downfall of crypto is exactly the same as the downfall of the internet
There needs to be a barrier to entry for these things or it will become infested with jews and retards, and that's the death of any currency

>>50168388
Because you can't use crypto to interact with the kike financial system yet. You still need kikebucks to pay taxes, utility bills, grocery bills, etc. If you're entirely self-sufficient then you're golden.

>>50172438
>Next time the government needs to fund a retarded war, or bailout a bank, or pay out gibs to the politically connected, that isn't coming out of bitcoin holder's savings.

Yes, and when I want to buy some groceries I have to do it in FIAT, not in BTC. So who gives a shit that 1btc = 1btc?

>>50172823
> I have to do it in FIAT,
and your going to be forced to go through coinbase or other shitty cex company which may or may not freeze your account indefinitely for "security" on your next withdrawal attempt

>>50172604
>rofl why not just use fractional reserve banking
it's not fractional reserve banking they're just stealing the user's deposits

*sigh*

didn't read
fud violently rejected
still slurping API3 bottom

Does that mean the Stock Market is "fractional reserve" too, since the marketcaps all reflect current prices rather than the dollars every current holder actually paid into the industry?

>>50172991
No, because an appropriately-valued stock is supposed to represent ownership in all the assets and capital of the company. Even if the company has zero cash, your stock in the company is backed by all the land, facilities, equipment, tools, etc

>>50168322
Enlighten me on the race to the bottom being described here: the liquidity is either stablecoins or fiat buyers on open market, stable coin mcap is lower than crypto mcap, and the rest has to be made up using dollars on the open market.
So what's the ponzi? Stable coins less liquid than their stated dollar worth? They're still fungible. He seems to be describing the open market as "suckering new initiates" but "buyers are suckers" is downstream of "asset is a ponzi".
If he doesn't think crypto will remain valuable on the market for fundie reasons then fine, but otherwise what's the deal here?

>>50173053
So I can cash my certificate out for a piece of land or equipment at-will? Or might there be a problem if all the holders decided they wanted to sell for cash at the same time?

>>50172941
she's right if it's a fresh wallet it's not on the ledger yet only the private key exists

>>50173371
yes by chance she WOULD be right about that, but that isn't the scenario she clearly describes.

she literally, LITERALLY thinks your hardware wallet needs to be plugged into a computer while it receives bitcoin

>>50172602
Crypto is such a good currency that you can do exactly jack diddly squat with them except for trading them in for real currency.

>>50168379

Government bails me out in case of a bank run? Pretty cool. Who is bailing out Celsius?

>>50172638
yes you can, newfag

>>50171515

The difference is that there is no reason to reedem in trad fi. In crypto people will always cash out when there is no more greater fools entering the market so these things will happen again and again in perpetuity in crypto while it almost never happens in trad fi. And when it happens the deposits are insured anyway so it doesn't matter.

>>50173872
Fuck that shit it meant not here get some sweet pussy>>50173670

She's been wrong for 13 years and will continue to be wrong for the next 13

>>50168322
She is quite the crypto genius.

>>50172941
the same retarded cunt who said a btc is not rare because it can be divided

>>50172302
>figures is not even a meme, and I have no idea how low it can go since at that point everyone will scramble to get some money back.
I for one will be putting all my hard earned USD into the crypto blackhole for the rest of my life.

>>50175258
That's not wrong. If today 1 BTC is worth 20k and in 20 years 0.001 BTC is worth 20k then you now have a LOT more fractional BTC that is worth a good amount.

If we were forced to only trade BTC in full numbers then it would be rare but because we can trade down to multiple decimal points then that can keep going.

>>50175457
That means improved liquidity, that doesn't have any effect on rarity

>>50172991
lol the stock market doesn't have any reserve. There's no liquidity pool for stocks.

It doesn't matter because stocks represent ownership of assets with inherent value. Fiat currencies (including bitcoin) don't work that way.

>>50168322
I think the blowup of Luna and Celsisus, along with falling prices resulting in a lot of longs being close to margin levels, is the cause of the "suspended" withdrawals. it's worth noting there also have been suspensions of crypto withdrawals, which wouldn't make much sense in the fractional-reserve-milkshake-exchange-theory.

>>50168359
"If every house in America was sold at once, there aren't enough dollars to pay for it!"

>>50171313
Yeah crypto is over, didn't you get the memo? Sell all of yours right now

>>50168347
>>50170162
>>50171307
>Cassandra or Kassandra in Greek mythology was a Trojan priestess dedicated to the god Apollo and fated by him to utter true prophecies but never to be believed. In modern usage her name is employed as a rhetorical device to indicate a person whose accurate prophecies, generally of impending disaster, are not believed

>Breaking News: Woman discovers that selling pressure lowers market price

>>50168322
Some whales have fearsome teeth, ya dumb cunt.

>>50173053
>>50175490
1. your out of your mind if you think you'll get anything out of bankruptcy proceedings with common stock
2.The days of stock price accurately representing the underlying value of a company ended in the 70s when they started becoming a dumping ground for excess cash in order to hide asset inflation from normies. p/e ratios are a complete bubble.

>>50168322
Yeah this shit is artificially propped up and who knows for how much longer. Probably dropping to $3-5k

>>50168359
no, not "no shit"
crypto wasn't supposed to be this way
fuck you

>dollars
>real

>>50175457
>a dollar is less rare because you can divide it into 100 cents
ok absolute moron

>>50173872
Except the government doesn't, and won't.

>>50176703
it's called FDIC insurance, sweetie

>>50168322
is this roastie whore assuming the dollar is not an insolvent piece of shit?

>>50168631
I mean... it's made up anon.

>>50168322
OMG THERES NOT ENOUGH CASH FOR EVERYONE TO CASH OUT ALL THEIR STOCKS AT ONCE EITHER ANON

>>50174043
>le greater fool
look everyone! this NPC watched a new youtube video! Good job botty.

>>50168322
you're a bit late to the party bud. the crypto market has been like this for like 10 years. that's why BTC, LTC, and ETH are the only OG cryptos still around and relevant. BTC and LTC were originally the entry cryptos for all fiat exchanges, then once ETH was created it became another OG because it's by far the best tech in blockchains, then and now.

anyone who thinks shitty alt coins have strong market support is lying to themselves. altcoins should never be traded long term unless you feel like flushing your money down the toilet

>>50176721
Up to 150k.

>>50176964
Stocks are an asset though. Is crypto an asset or a currency? If it's an asset, it has no intrinsic value and is heading to zero as soon as that gets tested in any meaningful way. If it's a currency, the fact that you can not freely exchange it for a fiat currency makes it worthless.

Crypto is supposed to be scarcer than dollars. Not the other way around.

>>50168322
>>>/trash/

>>50177517
it depends on the crypto. BTC and ETH could be considered assets in how the market treats them, but everything else is pretty fluid and can change at any given time. the good blockchains are on par with physical precious metals in real life usage but with the benefit of being 100% digital. they will stay that way until quantum computers are powerful enough to break the encryption. at the end of the day they do meet all the requirements of being a functional financial vehicle that is both fungible and cannot be counterfeit (yet), which is more than you can say about the US dollar

>>50170852
relevant

>>50177517
all value is extrinsic, except for maybe government bonds

>>50176180
How poetic.
Still never selling.

>>50172604
Monero P2P fixes this

>>50168359
Doesn't this literally apply to any asset class in the world?

>>50168322
idgaf about all that faggot shit
my coin is backed by bricks

>>50170363
Why do you need to exchange it for fiat

>>50168322
So, what's the point of making it in crypto if you can't cash out.

Fucking scam.

>>50178443
Yes because they're assets, you don't NEED to cash them out, they already have value.

>>50175356
>I for one will be putting all my hard earned USD into the crypto blackhole for the rest of my life.
With goyim like you, kikes don't have to fear the future.

>>50172302
>since at that point everyone will scramble to get some money back.
If bitcoin goes to 4 digits or lower i will take out loans and borrow every penny i can.
Bitcoin is never dying. Crypto is here to stay. Maybe it won't be as successful as some narratives say (lol, lmao) but it's definitely not going anywhere. It's too convenient and profitable.

>>50177089
You mean 250k.
And you can use multiple banks to get all your money insured

>>50178528
clown you can't cash out anything there are trillions in gold and not enough cash for it, trillions in real estate and not enough to cash it.

This thread is so full of retards that it's unbelievable, cash is just a proxy for energy you can't cash out most things into it because there is not enough cash for it, it's only used to price stuff.

>>50172823
>not going to the farmers market to barter XMR
absolutely ngmi.

>>50178555
Uh.. do you know the concept of money being an universally approved medium of exchange, retard?
Nobody wants your digital chuck&cheese token.

>>50178602
yeah that's the point. if digital chucky cheese tokens are an asset, there's no need to cash them out because they have intrinsic value. when you're done laughing, consider that if they're a currency, there IS a need to cash them out, because if you can't actually fucking buy anything with them, they're not a very good currency at all.

>>50168322
>bruh wanna know how a ponzi scheme works?
yah those of us with a triple digit IQ already knew how a ponzi scheme works. What do you think the internet token meme comes from? You can deposit all you want but you't withdraw kek. You were all warned repeatedly since at least 2017 I have been telling people here while they attacked me like the brainless donkeys they are. Oh well you get what you pay for

>mfw
feels good bros

>>50168322
>mute her on twitter
>she posts it on biz anyway
holy shit nocoiner seething is biblical

>>50172909
>it's not fractional reserve banking they're just stealing the user's deposits
That's the same thing
Because of fractional reserve banking, the only thing stopping a bank run destroying the economy is the government swooping in and hyperinflating the currency to save the banks

>>50178627
Shitcoins have zero intrinsic value tho. That's the whole point.
Plus if you can't pay (((taxes))) with them, they aren't considered money. You can only pay taxes with gold, silver and USD, and this ain't about to change anytime soon, as the entire judeocracy rely on monopoly over taxes' means of payment.

>>50179206
wait you can pay taxes with gold?

>>50179206
Anyway yeah that is the point. We're on the same page here. Bitcoin is heading to zero, whether it happens tomorrow or in 5 years, it WILL happen.

>>50179206
you cant pay taxes in precious metals moron. jesus how can you low iqs even breathe

>>50179246
>wait you can pay taxes with gold?
Not everywhere, but more and more states are proposing it as an alternative to the USD for taxes' payments.
So far iirc you can do it in Texas, Louisiana, Texas, Indiana, Idaho, Arizona.
> Other states have passed legislation to end state-level taxation on gold and silver coins and bars, and in some cases to treat them as another form of legal tender. These states primarily base their legislation on an interpretation of the U.S. Constitution’s Article I, Section 10, which states that “No State shall… make any Thing but gold and silver Coin a Tender in Payment of Debts.”
https://comptroller.texas.gov/economy/fiscal-notes/2017/september/bullion-depository.php

>>50179278
You are the low IQ if you believe the states wouldn't prefer to get their hands on your precious metals rather than worthless fiat trash they are printing by the trillions.
But the truly retarded move would be to indeed pay your taxes with gold or silver while you can still pay with their toilet paper lol.

>>50179374
States don't print money, the federal government does. States are explicitly disallowed from printing money, because we tried that once and we ended up with the united zimbabwes.

>>50179456
When i said (((they))) i was refering to the jews.

>>50178572
Not really. Its per depositor, not per deposit. All your deposits will be rolled into one.

>>50168322
And this is no different to fiat. Its called a run on the banks.

>>50172941
she's talking about how lightning network works
and yes, it is useless
lmao

>>50171636
>here in Argentina when the banks crashed in 2001 everyone got it "covered and insured" except that everyone getting their insurance caused a 300% devaluation meaning nobody got shit in the end.
Why would it cause devaluation? It's just returning personal savings to the amount they were at.

>>50179883
>Why would it cause devaluation? It's just returning personal savings to the amount they were at.

MV=PQ
Returning all the extra savings to people all at once increased velocity, since they weren't about to put it back into another bank

>>50168322
williams alligator bros we got too cocky

>twitter thread
It's lower quality than I even expected

>>50173371
That's some next level retardation
Congrats

>>50178566
You can lose 90% of your investment infinitely many times on the way to zero.

>>50176429
greedy "everything is muh speculative market" faggots ruin absolutely everything
"ok but instead of just drinking water you could have AQUACOINS bro!!! lmao, then as water shortages change we can BET on how bad people need it as like, a market force!!"
crypto was doomed to be overleveraged and end up choking out on a fractional reserve-style bank run the moment it became wildly speculative.

>>50176025
you cant live in a fake imaginary sub-fiat "currency" though lol
it will all go to zero sooner rather than later

>>50168322
So it’s fractional just like everything else? K.

The amount of people itt calling Michael Burry a woman is astounding.

>>50168379
Wait till you find out the suspended the fractional reserve requirement indefinitely.

>>50178555
your "asset" has lost 70% value in half a year, excellent store of value

>>50168322
>Cassandra
Has burry gone full tranny??

>>50168322
So your saying there is a chance I can still become a btc whale?

>>50170363
I'll trade you some gold for btc or silver.

Not really. Only shit that has low liquidity is fucked. Other projects like BitDAO with more than $1 billion in backing of liquid assets are virtually completely safe

>>50172302
Kek. Imagine having money in crypto that isn't in a crypto. All my cash is outside of the exchanges and it dumping harder make me coom so fucking hard. I get paid every 2 weeks wagies will be fine and I already doubled by orginal buy in. I'm clear and ready to play the game from the beginning again.

>>50176025
Its funny because this is when you actually buy.

>>50168322
>woman
stopped reading before I even started

>>50168322
This just goes to amplify the need for users to switch to Defi and DEXes instead of getting screwed over by centralised exchanges. Private DEXes like Railway are also coming into the picture to give users a better trading experience in full privacy.

>>50171428
The whole point of crypto was supposed to be a currency you COULDN'T LEVERAGE BRAINLET
You recreated all the mistakes of centralized banking in 14 years.

>>50168322
Woman

>>50168322
>doesn't understand how arbitrage works
unless everyone decides to cash out, arbitragers and arbitrage bots will profit from unbalanced pools generating profit raising the water level

>>50168322
Do people go to college for fancy degrees to learn this basic concept?

>>50184639
>she thinks people learn at college
newsflash, college teaches you how to follow a boss, not learn shit. Why do you think fresh new hires straight out of college don't know shit?

>>50173066
He's saying that there's in effect about to be a bank run. The exchanges didn't keep the cash you sent them when you bought. So when you tell the exchange to convert your currency they won't be able to.

>>50184658
That's only true for BAs, any BSc graduate would have to know up to multivariable calculus to even get a degree.

>>50178492
To buy food

>muh fractional reserve
Epic, spectacular cope
The quote in the OP precisely describes a Ponzi scheme
And here we have 17 cryptard copers in this thread parroting "fractional reserve" as if it's going to save their bags

>banks do it so we can do it too
>you dont get it its the future of money based on past of money mechanics

>>50182414
Yeah. It would be heartbreaking to attempt withdrawing your funds from an exchange and get locked out. That's why I keep my crypto in a hardware wallet and I use privacy protocols for my on-chain transactions to be on the safe side and prevent targeted scams.

>>50179206
Your boomer rocks and green paper have no intrinsic value either. Precious metals may have an industrial value that fiat and crypto lack, but this is an extremely context-sensitive form of value, basically the opposite of intrinsic. You are too stupid to understand this though.

>>50184817
That's just fucked up anon. People get rekt and commit suicide cause of this.

>>50184855
They deserve to. I can understand getting rugged by exchanges, tale as old as time. But getting rugged because you fell for grappas old ponzi chasing "yields" by "staking" is a whole another level of goyim.

>>50176381

>> Tesla 150-200

>>50173371
moron

>>50184855
people think they're investing in blockchain, but they're buying into a brand.
If you take something that has a proven brand, like dollars, or maybe a RADICAL idea like fucking gold, and you use blockchain to transact digitally through a decentralized intermediary via blockchain, you can ensure that people don't have to blow their fucking heads off because everybody is investing in something a guy created to prove a technological concept and never intended to actual end up being a commodity like this.
Every scam artist and con man in the world is jumping in on this shit for a reason. Fool's gold.

>>50184849
>green paper have no intrinsic value either.
Except the Government backs it

>>50185026
You can pay taxes with dollars and the US government will use the state department to crush your country/kill you/invade your country if you fuck with the dollar status lol
On the flipside, the US also exports a shitload of security, which until Covid, countries like Taiwan and Japan were able to afford.

Now... not so much lol.
Americans CONSOOOOOME

>>50185026
>bottom text
boy that's an ice cold one

>>50172941
She's retarded

>>50170852
They are not only buying the FUD. They are also spreading it and defending it. Don't believe me? Watch literally every reply to this post.

Also paid shills and glowniggers. Dont forget the demoralization campaigns too

>>50179575
Try to keep the misinformation to a minimum.

>>50185285
This is why I don’t listen to people using the name Cassandra

>>50168322
Gee fucking whiz
EVEREST ID SOLVES THIS
>>>50180439

>>50168460
Wait until that happens. This is just another cycle in the crypto space. Be wise to make good use of the opportunity and spare some cash to buy some altcoins. You can always make anonymous transactions with Secret Network even if regulation steps in.

>>50179206
>Plus if you can't pay (((taxes))) with them, they aren't considered money.
You sorry fool

>>50175177
based retard fudding bags so we can get some cheapies

>>50168322
what kind of mental gymnastics are these. if the stablecoin loses trust its pairs will lose value, this is irrelevant for eg the btcusd pair

>>50175457
>houses arent rare because you can divide a house into rooms

>>50178572
>Oh sorry Anon, we are at war with Russia and can't afford to pay you. This is completely legal according to this emergency law we passed two weeks ago.

What would you do?

>>50171511
What the fuck is a "fractional reserve market?" That's a made up concept. There's fractional reserve banking but that's a completely different thing. Crypto isn't a bank, it's an asset.

>>50168359
> crypto bros now accept fractional reserve banking as both acceptable and normal

Well I guess the dumb money has finally arrived.

>>50170852
>The same can be said for ANY asset class out there.
yeah, but that's what makes you and the rest of the cryptokeks so fucking retarded. you know that can be said of any asset, but you aren't able to distinguish between them on a fundamental level.
you literally cannot see the comparative value in assets that represent ownership in a business that is recession-proof, which generates an income stream, because if you did you'd never defend this ponzi scheme.
just as you say, if every owner of such businesses tried to cash out, there wouldn't be enough money, and the price paid for these would be distressed (until they give up trying to sell).
but the operations don't stop at any point along the way when they change hands. they continue earning income for whoever the current owner is, because that's the point, those are their fundamental valuation factors. they sell ice cream and a nice place to sit, or they sell fun in the form of bowling or mini-golf, or whatever. even in bankruptcy, where the price of equity is literally $0 or negative, many types of businesses continue to operate because they're only using it for protection from their creditors, who could by right just take 100% of the equity by force, while they restructure their debt.
crypto doesn't do any of that. there is no operation. there is no value. its whole existence is predicated on other, real currencies, and the current state of behavior with crypto. and, well, crypto users decided to have exchanges and "DeFi" and not to keep ponzi schemers out. so that's what it is now.

>>50168322
Who cares, P2P BTC transactions are all that was ever needed.

It’s always been a ponzi. Nobody is buying your bags anymore. People who think they are millionaires in crypto are hilarious.

>>50173885
can you pay your taxes or groceries with stablecoins retard?

>>50168322
>THOSE PAID BY NEW ENTRANTS
>only liquidity
>new
>entrants

PONZIIIIII

>>50171848
>>50171902
Kill yourself reddit tranny faggot

>>50168322
There is not enough money in banks either you moron. Read the bitcoin standard and understand crypto is not dying anytime soon. Sell me your bags let me add them to my ETH, SCRT, RMRK, and ATOM bags. Thank you for playing.

>>50186018
I guess he is just a new fag. I bet he will end up buying the top in the next bull run. Even the government are using privacy protocols to operate in this space but retards are not paying attention.

>>50168347
Bobo posting is the new virtue signaling. Naming yourself Cassandra is the bobo equivalent of putting pronouns on your bio.

>>50189538
Except with banks, they loan money out to people that can repay their loan with interest, because they invest the money in a business that creates value. With crypto, all that's propping the system up is new suckers putting dollars in. I'm amazed that people don't see this.

>>50168322
if any of this horseshit was true they would all be 0 right now there would be an instant run because getting some money out is better than getting 0 money out. the market is getting fake value squozen out like a pimple because people with real money dont want to buy overpriced shit artifically scarcified by hoarders with credit cards and margins

>>50189704
They know, but they think they're good enough to bail before it all collapses

>>50176180
So essentially
>im claravoyant but no one believes me because im wrong most of the time

I don't know why you would bother depositing your crypto in a centralized lending platform when you could safely stake NEAR or ICP in your wallet and earn a higher APY.

>>50168322
her name is literally Schadenfreude dont listen to that whore

>>50176429
That is literally how every order book in the world works retard. You might as well be mad about physics

>>50168322
an orca could kill the shit out of a crocodile any day

>>50172602
>You don't need to exchange them for dollars. If you do, you invested in something you didn't know what it was

Or maybe he just isn't delusional about what crypto is for. We all bought crypto with the intention of selling for more to a greater fool. If you disagree you're either lying or actually retarded.

>>50168322
Kek we really are going to have one final blow off in Early 2023 aren't we? I have never seen more media coverage to get retail to sell and leave crypto for now.

This would only be true if 99% of buy/sell orders, including market orders when you buy/sell, were fake. If I market sell 1 BTC, someone is paying out $20k to me in real cash because I market sold it for USD not USDT or some shit.

>>50168322
>that quote
how come this isn't driving prices down?
the whole crypto market is and always has been fake.
nice ponzi scam you got there, faggots.

>>50176180
In my case this mostly applied to my own life with a 100% failure rate to change my destiny.

>>50168322
That's not the reason for this problem.
These lenders gambled with max leverage like the most degens of degens and lost everything.
Would you lend all your money to someone for no collateral and no idea what he is doing with it?
That's what they just did.
They deserve everything that's happening to them.
And the exchanges cheating with their liquidity and naked short selling tokens deserve bankruptcy.

>>50168368
Celsius is shorting the altcoin market and became a BTC maximalist with soon 0 altcoins.
If the altcoins go up and gain vs BTC they will keep adding trading losses with their revenge trading.
They don't want what they sold to go up and dump on every positive price movement their remaining tokens.
This includes ETH, LINK, MATIC, SNX.
However LINK will go up after they run out of tokens and they won't be buying back those tokens they dumped.
Celsius not needed!

>>50185026
Unless you're under sanction, or a person of interest, or even just being audited by the IRS. Government backing of fiat is by no means intrinsic to the notes themselves, and is again context-sensitive.

>>50176117
This is the narative that all normies need to adopt so that real companies can jump in take over "defi" quietly taking over an entirely new global tech stack.

What you call crypto is becoming the new money printing machine for the old guard...

>>50170470
You antisemetic asshole!

>>50191583
Because his quote has no substance at all. It's just vague accusations with no evidence. Post actual fucking numbers next time.

>>50168322
OH NO I HAD BETTER SELL CRYPTO FOR DOLLARS BEFORE THEY PRINT MORE DOLLARS

>>50176180
thank you anon. I've always had wondered.

>>50190973
what market pattern is this

>>50168322
Bitcoin zero dollars confirmed in two more weeks.

>>50168322
SIR PLEASE DO NOT REDEEM THE FUNDS

>>50168322
imagine falling for stablescams

>>50191199
I bought crypto when I realized it makes bankers seethe.

>>50178761
>MFW I make more as a real-estate slum lord in the most densely populated city in the USA and see faggots on the internets bragging about crumbs.

>>50187607
Am I dumb or are people chronically misusing the term fractional banking? The normal way banks work is they have ZERO reserves. They dump 100% of their assets into loans, taking out short-term loans of their own to pay people who cash out their deposits, and maintain literally 0 cash reserves for the event of a bank run. This is how it has worked for pretty much all the history of modern banking. Government regulation has to force them to maintain literally any nonzero cash reserves, and this is fractional reserve banking, and not only are these requirements extremely new historically speaking, they were also suspended during COVID.

>>50168322
Anyone who reads this tweet and doesn't think "No shit" is a fucking mong
I've been lurking /biz/ since about mid 2018 and I've never not once seen that posted at least once a day for any crypto and especially so when it came to "stable" coins or shitcoins

>>50176429
>>50187607
jesus christ
how are people this stupid

this woman is a retard btw

>>50168322
>see woman
>discard opinion