/biz/ - Business & Finance

>>52793517
>goes bankrupt instead of having to cover
nothing personnel

>>52793517
my uncle works for bitfinex, they're gonna use their blockfi credit cards to cover their books, fuck this fud thread

>>52793517
Nothing will happen. Did you not watch Joshua Henslees video on it? Its a nuffinburger bro

Bitfinex is definitely having issues processing deposits of bsv. I made a small deposit last night just to see and waited for the 20 confirmations but then had to submit a ticket. Still waiting on it. If there's naked shorting going on then all bets are off and this shit could get wild. Given the number of absolute degens in the space, it wouldn't surprise me at all.

Cool and my job is about to fire me so I’ll get unemployment coming soon

Bitfinex has bigger shit to deal with, like TETHER, you know.
BSV going sky high afterwards is a nice bonus.

>>52793517
if bitfinex market maker was smart, they would use this opportunity to pump bsv and trigger massive short squeeze to unload into.

>>52793517
Bitfinex have now delayed the closing of margin trading by a week. New date is 19th. Kek.
https://www.bitfinex.com/posts/868

>>52797348
LMAO at their shit. I bet the fuckers won't be in business for much longer.

>>52795319
can confirm, they've also fucked me over with my deposit. What are withdrawals like? Can you even pull BSV from Bitfinex at the moment?

>>52797789
Doubtful. I only tried depositing a small amount. Still nothing. Do they have an exchange token we can short? I'm pretty sure they're fucked.

>>52793517
Before you said it was Bittrex
Why dont i believe you?

STIFFness intensifies

>>52793517
they created tether bro, im sure they can handle bsv

>>52799850
This

Open interest is a work of fiction. They'll just force close all margin positions that mysteriously settle near the market price. They're probably already on the phone with faketoshi to buy some bsv otc from him.

>>52798170
yes. ticker is $LEO

>>52799850
they can print tether out of thin air, they can't print bsv out of thin air. What customer would trust Bitfinex when they see that users can't get out what they put in. Without trust, their entire operation grinds to a halt.

Just get the point, is buying BSV to squeeze these faggots the play or not?

>>52801603
Its a pretty cheap lottery ticket, anon. At worst it comes with a >90% refund

>>52801734
even better is to hold a few years. they just reached Visa Transaction per second speeds on the base layer.
Could be HUGE.

>>52793517
Bitfinex dying means Tether dying as well
Hope you're wrong because otherwise we're in for a wild ride folks

>>52802854
Yeah they'll let BSV raise to $500 before they mess with their Tether hegemony.

somebody tell john brown to get his money off there he has like a billion on there

>>52802854
and the plot thickens
There is a silent war going on
https://twitter.com/L0R4X/status/1601057516007325698

>>52793517
Another BSV cockroach shill thread?
lol

and surprise surprise. Look at the video that Adam Back just came out with....
He waited long enough

https://twitter.com/DocumentingBTC/status/1600964718524448768

If you don't know who he is. He is the Co-Founder/CEO http://blockstream.com
That's the BTC devs.

>>52802985
Scroll down
https://blockstream.com/about/

>>52793517
They had to postpone it to the 19:
https://www.bitfinex.com/posts/868

They realized if all shorts were to close by the 12, this would have triggered the biggest short squeeze in history and probably they would have end up with a bunch of insolvent clients.. (actually there wasnt even enough bsv on the books for all the shorts to cover...)

Still, there isnt much bsv for sale around, just remember to not sell until the 19, and put your sell orders HIGH (10x+?). They will have to buy back at any price on the 19... easiest money ever.


Also we should compile a list of other exchanges that allow shorting bsv, for additional potential targets where a short squeeze might be triggered..

>>52803048
>Still, there isnt much bsv for sale around,
The #1 source of BSV for sale was TAAL mining owned by Billionaire Calvin Aire. He just took TAAL mining 100% private this week.

Now there is no newly mined BSV to buy..
Think about that.

>>52803074
The fact that bitfinex had to postpone to the 19 seems bullish... but this does give them more time to fill up their books with bsv to avoid triggering the short squeeze... the battlefield is open now, not sure what more we can do to ensure the squeeze, except for buying and not setting any low sell orders

>>52803258
Just buy it and use it.
https://www.egifter.com/buy-gift-cards-with-bitcoin-sv

If everyone uses a little BSV each month the adoption will pick up.
BSV could do every transaction on earth right now at the same speed as Visa. The more people that use it, the more retailers will adopt it. That's always been Craig Wright's mantra. USE it, don't hodl it.

>>52803258
I USE BSV everyday

The BSV Centbee Wallet let's you buy giftcards right in the walet instantly.
Buy a Gift card with BSV instantly, show the QR code and walk out of the store. Takes seconds.

https://www.centbee.com/shop-feature/
https://apps.apple.com/us/app/centbee/id1420464113?ign-mpt=uo%3D2
https://play.google.com/store/apps/details?id=com.centbee.app&pli=1

I'm buying spot and sending to a self custody wallet. BSV is real Bitcoin

This is a fun guy to watch
https://www.youtube.com/watch?v=lEgkJnLTBns

>>52803509
Noice

what is the safest cex to trade futures?
also how do derivatives dexes even work?

i have 750 bsv on 5 different paper wallets. i did my part

>>52803945
You're gonna be so rich lol
Now use some of them.
https://www.egifter.com/buy-gift-cards-with-bitcoin-sv

Every little bit counts

>>52803975
>Now use some of them
too lazy to pull them from my wallets. the only way il pull them from my paper wallets is if it reaches 10k per coin which we know will never happen. in the meantime il just keep living my life

>>52803975
BSV holder, if I buy a 25 dollar gift card am I really making a difference?

>>52804043
Yes you are.
They whole idea of BSV is to use it.
It's almost instant transactions.
If more people use it, more retailers are introduced to it and it snowballs.

That's the whole idea of Bitcoin.
Peer-to-peers digital cash.
We've been brainwashed by small block sizes to think that it is Digital Gold to be hodl'd

Hold some sure, just like you bank USD. But use it as well.
https://youtu.be/hXUOSCGfuJA

>>52804101
Based. TY

Bitfinex proof of reserves, according to them, indicate that all they have is 100 bsv in a hot wallet (see lines 21, 24)??:
https://github.com/bitfinexcom/pub/blob/main/wallets.txt
Line 21 wallet: https://whatsonchain.com/address/19PYCUcpLsUSFUeLt4u9a1z8QyJYQMyGqB
Line 24 wallet: https://whatsonchain.com/address/14BMRtbwkhFME8pjPkn17hKesesD99EVKs

>>52804250
You need to post that on Twitter

>>52804322
That's where I found it:
https://twitter.com/cryptoAcorns/status/1601031633104441351
Just seems too absurd. I mean, there's almost no spot volume trading of bsv on bitfinex it seems, but still. Surely there's another wallet somewhere that they didn't list.

>>52804397
Hey think about it. FTX sold all their clients BTC that didn't exist.
These exchanges are unregulated hives of scum.
Wouldn't surprise me in the slightest.

Remember the Bitcoin Whitepaper

>>52804397
That is a seriously great find and clearly show what is going on.
4M coins short. $170m is still short on BSV

and thier total BSV holdings are 101 BSV ?
This is going to be I N S A N E.

>>52803393
Cent bee needs ur phone number. Also whats with the shitshow where craig tried to force the nodes to make an update which lets him confiscate coins? Afaik half of the nodes didnt agree to it.
Dont tell me that this is what satoshi intended. The whole point of bitcoin was independence from the financial system, its literally pointless if the gov can complain to bitcoin hq and have peoples coins siezed.

>>52804578
The only issue I see is that there's almost no spot buying pressure as it is, whether on bitfinex or elsewhere.

>>52804578
>>52804653
Seems like if there were any big players in the market aware of all this who wanted to make the squeeze inflict max pain on bitfinex then the move would be to start buying bsv now to raise the price floor as the close date approaches?

>>52804651
>Cent bee needs ur phone number. Also whats with the shitshow where craig tried to force the nodes to make an update which lets him confiscate coins?
So the idea is this.
Bitcoin is pseudo-anonymous. Meaning that if you use a new wallet ID for every transaction that you are anonymous.
Now no government is going to allow Bitcoin to be anonymous, meaning that they will not allow a complete Black market of all goods and services. Bitcoin was never designed to do that.
Monero does that.

So if Bitcoin is a currency/property then it has to follow the law which means that if a theft occurs there has to be legal recourse. If I steal your property a court can compel me to give it back. bitcoin should be the same.
A guy in Russia i think just had millions of Bitcoin stolen because some guys plucked him off the street and tortured him for his Bitcoin.
So now he has no money.
Coins can only be confiscated by court order. To be in sync with all other property laws world wide. It's not the law of the jungle.
I don't think half the nodes didn't agree with it. Taal and Gorilla agreed. That's the majority of the nodes.

As for CentBee requiring your phone number, that's South African KYC laws.

https://www.businessinsider.com/masked-robbers-attempted-to-steal-bitcoin-millions-from-entrepreneur-spain-2021-11

https://www.ccn.com/dutch-bitcoin-trader-suffers-brutal-torture-with-a-heavy-drill-in-violent-robbery/

>>52804699
Or wait until the last day

Nothingburger

>>52804780
I get your point. But bsv likes to call itself p2p digital "cash" cash is different from money or currency which is just the digit accounting. Cash specifically denotes physical currency. "Cold hard cash". Cash is non reversable, you give some guy cash and he leaves, you have no way of getting it back, if you complain to court they can ask the guy to give it back but they have no actual ability to just reverse the cash exchange. Thats the beauty of cash, it is controlled solely by its owner, even if someone else legally lays claim to it they still have the option of hiding it and keeping control. Its basically a safe haven which is why " cash is king"
I think bsv is close but with this function it has missed the mark. Basicslly holding physical cash is 100% safe while holding bsv basically means your money is always ruggable, all it takes is pissing off the government.
I think bsv would work in an idealistic world with a fair and just government, but in the ever growing future tech nwo dystopia its no different from nwo cbdc fedbucks.

Also I have supported bsv since the fork and think its clearly the true bitcoin, but im not convinced craig is satoshi, I think him pulling that stunt severly tarnished bsv and people would of been far more receptive if hed just taken the position of wanting to to keep the true idea of bitcoin alive. Most normies dont even know about big vs small blocks or blockstream.

>>52805445
Cash doesn't have a ledger. Big Difference.
If you want large corporations to use Bitcoin, there has to be a safety net.
Whether Craig is Satoshi is a non-sequitur to me personally.
He has the most patents in Crypto out of any person on earth.

>>52803074
Oh thanks Calvin for dumping my bsv for the last two years therefore spiraling me into manic depression

>>52804651
My bsv is all kyc’d with Centbee. If my shit ever gets hacked I’ll be able to get my bitcoin recovered. I can sleep easily at night . Also Centbee has Nchain’s funding / backing meaning it’s literally been approved by Craig himself in one way or another

>>52806868
Tall was a public company. It had to sell it's mined BSV to pay shareholders.
It's no longer public, so no more selling.

I'm so bullish on BSV. Bump

>>52793517
Digis & it habbens
Is he here?

>>52793517
>BSV
reminder the Calvin Ayre is a pedo

>>52809688
kek

>>52793530
Still feel like CeFi is very unsafe. I prefer DeFi any day. Moved my stables from Binance to SpoolFi for that reason too. Yall stay safe though, retards

>>52799879
Either that or they just halt trading, withdrawals or anything else they want to do. The bank, I.e exchange always wins.

Wagie here, I have to go to bed soon. How do I profit from this?

>>52810892
Buy BSV (preferabily on Bitfinex), wait for the price to explode due to short squeeze. then either sell at 10x what you paid on December 19, or keep hodling to squeeze remaining shorts on other exchanges

>>52810892
Just looked at the book on Bitfinex and did some quick back of the envelop math.
If i understood right, there's 9700bsv short rn, if they all close (they have to on the 19), the price will shoot up to 1500$ per bsv...

buckle up

>>52800122
print tether and buy bsv, easy solution.

>>52812008
I only have kucoin as my method of getting some (which I did). Is that good enough or is it just an exchange specific thing?

>>52812269
hmm, most of the shorters will buy back bsv on Bitfinex to close their shorts, so that's probabl the best place to buy, so there wont be as many bsv for sale on bsv, and the price will shoot hugher.

But at the same time, i'm pretty sure some of the shorters, and Bitfinex themselves, are trying to buy up bsv from other exchanges and bring it to bitfinex to close the shorts at a lower price, so buying on any exchange will still help the short squeeze i think.

At the same time, im sure there is shorters on other exchanges that could be short squeezed and forced to buy back, but i'm not sure which exchanges allow shorting bsv

>>52812478
that's assuming they have enough bsv in their reserves to allow liabilities are accounted for. Given that they've over shorted they will have to buy from other exchanges.

>>52812269
Im buying and holding on kucoin. If it doesnt pumpa I will use to buy giftcards.

>>52813179
Based redeemer.
But regardless of a short squeeze having the majority of shorts on BSV closing will have an effect on price and I bet it won't be a negative one

>>52795319
lol...
i wonder why an exchange would "have trouble processing" BSV
can't be the double spending issues ...nah...they just are "having trouble" and that's why they need the extra time lmao

>>52814905
Especially since the transfer time is seconds.

Bros im scared to buy more BSV, I sold thousands of link at 1$ to buy bsv at 100-200$ and nothing happened. Im scared of buying more and having nothing happen again I would feel like a retard..

>>52817272
Gotta play the long game anon. I understand your fear.

>>52814905
It’s a very convenient excuse for them. But what they are doing is manually approving deposits and withdrawals. It’s not like they give you a wait time and saying after x confirmations you will receive funds. No, there is no explanation from them, and it is unusual for bitfinex to act this way

>>52817375
I was going to ask if this was usual operating procedure for them. It's absurd and doesn't do anything other than make them look like bumbling retards during a time when every exchange is getting scrutinized with a magnifying glass. One has to wonder what the hell they're thinking.

>>52817272
honestl you probably shouldnt buy more, should only invest what youre willing to lose in crypto.

Your best investment would probably be to keep your bags and invest some time shilling about the short squeeze to anons/friends/socials...

On the other hand, these prices are reall low and do look like a bottom.. so if you have extra cash laying around you could lower your average buying price i guess