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/biz/ - Business & Finance

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50105124 No.50105124 [Reply] [Original]

how and why are all these crypto exchanges getting liquidated and insolvent ?
what the fuck is going ?

>> No.50105217

>>50105124
Anyone have a list of all the exchanges that are either shutting down or limiting withdrawals?

>> No.50105228

>>50105124
an excuse to shut down during the bear market

>> No.50105242

99% of crypto have no use value what so ever. Ofc they are getting liquidated

>> No.50105250

>>50105124
Crypto is a ponzi

>> No.50105258

>>50105242
Based

>> No.50105261

>>50105124
How are the CEOs ever going to be in public again? They cost countless people their life savings.

>> No.50105273

>>50105242
Stupid fuck. By this logic every bear market should make every exchange insolvent. Clearly it never was this bad in the past. Something is off about this one.

>> No.50105294

>>50105273
the bigger the rise, the bigger the fall

>> No.50105323

>>50105273
Crypto was just a way of extracting fiat cash from stupid people by confusing them with maths. The smart people who were going to make money are already out and not coming back in

>> No.50105330

>>50105294
Go back to redd.it

>> No.50105363

>>50105323
Holy fucking shit, this place is retarded. Crypto space is bigger now and multiple bear markets with even bigger crashes didn't stop exchanges from staying solvent in the past. OP is looking for actual data points and not some stupid assumptions.

>> No.50105369
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50105369

>>50105323
its unironically over isn't it and is going to zero with the rest of the economy

>> No.50105388

>>50105363
You are an idiot.

>> No.50105386

>>50105217
https://blog.bitmex.com/number-three/

>> No.50105410 [DELETED] 

>>50105388
You have retard logic and are pissed I pointed out the flaws in your argument. Keep seething.

>> No.50105426

>>50105261
>the same way do kwon can the same way fauci can
Not like you’re gonna do shit

>> No.50105434

>>50105388
Oh wait. Wrong ID. You're this dumbass >>50105250
The one with literally 0 argument. Not even a sad attempt. Low IQ retard's first bear market.

>> No.50105476

>>50105242
>>50105273
>>50105363

Its because lending / yield wasn't popular in past bear markets.

But It has almost nothing to do with crypto really.

This same shit happens to centralized banks time and time again through out history not just in crypto. You have circular debt obligations, a few too-big-to-fail borrowers fail and wipe out a bunch of other people. Its called contagion.

But traditional exchanges that didn't do lending are fine. The big takeaway here is that defi is still working fine because of the transparency and continuous liquidations and collateral requirements. Defi is proving to be resilient while cefi is collapsing.

>> No.50105515
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50105515

>>50105476
>Defi is proving to be resilient while cefi is collapsing.

>> No.50105568

>>50105426
I haven’t been rugged or injected so I have no dog in this fight

>> No.50105585

>>50105124
>how and why are all these crypto exchanges getting liquidated and insolvent ?
>what the fuck is going ?

it will all go to the very zero value very soon

>> No.50105596

>>50105515

Yep, not a single big defi protocol has failed due to bad debt.

>> No.50105611

they have to pay the debt in rubles but sanctions are preventing them from doing so

>> No.50105674

>>50105388
He seems like an idiot who’s drinking the coolade and confused by the math lol

>> No.50105702

>>50105515
Hahahahaha they’re just predatory lenders ripping off stupid people also.

If you’re in crypto still you’re an idiot… the party is over and all the chads have gone home with the girls. You’re either one of the sad nerds or the casulaties now

>> No.50105711

Fractional reserves of ponzi tokens melting and evaporating in the sun causing a domino to fall, only to knock over more dominoes. we may not be out of it yet, expect more liquidity issues until fed raises rates or something unprecedented happens and Bitcoin begins to surge in value.

>> No.50105736

>>50105711
also hold your own keys, and don't keep more than $250,000 on any FDIC institution or exchange.