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/biz/ - Business & Finance


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File: 5 KB, 229x87, btcusd binancevsbinanceus.jpg [View same] [iqdb] [saucenao] [google]
54897024 No.54897024 [Reply] [Original]

Been that way since yesterday AM. Why?

>> No.54897040

Why not. Americans are in a position the Greeks were in 2013, but with the information about bitcoin widely available. I wonder if Binance can honor the withdrawals

>> No.54897062

>>54897024
Ringfenced market doesn't reach equilibrium through arbitrage as quickly as if it were on the open market. Remember Korean premium? Same thing

>> No.54897085

>>54897062
This was my first thought. Just don't feel like thinking too hard so wondering if anyone had other ideas

>> No.54897138

>>54897040
not even close. Other countries' inflation is out of control

>> No.54897176

>>54897085
>>54897138
double post. Take the warning from the last threads and get your ass to North Korea, or Iran I suppose, that is the only playe where you can maybe live another few years

>> No.54897268

>>54897176
I'm a German blooded guy in the Midwest who hasn't posted in Biz for a couple weeks genius

>> No.54897278

>>54897268
And you are a dead man walking if you don't leave the western world and any place where we have our people. And that is North Korea and Iran

>> No.54897308
File: 155 KB, 560x560, mmga1.png [View same] [iqdb] [saucenao] [google]
54897308

>>54897024
WTF? It's real. What's going on?

>> No.54897371

>>54897278
Does your mom know you aren't doing your homework, kid?

>> No.54897478

binance is running a fractional reserve of bitcoin, likely
now they're having to buy it back as people withdraw from the exchange

>> No.54897534

>>54897278
Why warn them in the first place. Sam is singing like a birdy

>> No.54897536

>>54897478
As far as I know, people are withdrawing from Binance not BinanceUS. And the US exchange is the one with ~$1k higher btc/usd exchange rate

>> No.54897583

>>54897534
I've never called someone a schizo on here but I think it's time. Are you telling me you don't think a $1k price difference is noteworthy? lmao holy shit

>> No.54897681
File: 94 KB, 471x388, 1638939867625.jpg [View same] [iqdb] [saucenao] [google]
54897681

>>54897024
binance does not have a >USD< pair so you are looking at a spread between different stables without a single fucking clue

>> No.54897722

>>54897681
Whoops you're right that was the coinbase BTC/USD chart. Still doesn't really change the conversation. BTC/USD on Binance US is coming with a $1 premium for the first time in history. I don't use int'l Binance because I'm not a retard

>> No.54897746

>>54897722
er, $1k

>> No.54897837 [DELETED] 
File: 96 KB, 398x400, 1624301790367.png [View same] [iqdb] [saucenao] [google]
54897837

>>54897024
NEZUKO token is literally hot right now and being part of Hot Pairs on DexTools
Top 30 coin rn and pumping... and it's a fucking waifu coin kek

>> No.54897859

>>54897278
Where are you right now friend? Maybe Somalia?

>> No.54899453 [DELETED] 

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