/biz/ - Business & Finance

[Anonymous No.52268229]

Bank run beginning

[Anonymous No.52268270]

this is going to be glorious

[Anonymous No.52268279]

>>52268229
Looks like I won’t be needing viagra to fuck my wife tonight

[Anonymous No.52269190]

It's happening

[Anonymous No.52269195]

Guys I have a boner at work and I have a meeting in 15 minutes

[Anonymous No.52269197]

>>52268229
so what does this mean for crypto?

[Anonymous No.52269214]

>>52269197
it means you will continue to buy high and sell low, so you're fucked either way

[Anonymous No.52269236]

>>52269197
it means.

kikes.

doing kike things

[Anonymous No.52269258]

So Alameda keeps millions on all exchanges, not just ftx and binance. This must be an arbitrage account that is getting liquidated to buy some more time from CZ so he doesn't drop fucking Nagasaki's revenge on the Bankman.

[Anonymous No.52269344]

>>52268229
Wooow, seven million dollars? That's fucking crazy dude. Its truly over.

[Anonymous No.52269400]

>>52269344
you dont understand, 3ac and do kwon started scraping all their dusted wallets when it was insolvent too, 1M here and there, to try to stop the fire, the fact that they are dedusting means they are in deep shit, they even increased USDC loan APY to 50%, but nobody is taking the bait

[Anonymous No.52269425]

>>52269400
i dont know about crypto im a stock investor redpill me on whats going on is this a crypto exchange failing?

[Anonymous No.52269438]

>>52269344
checked
this.
this is peak bobo delusion thinking anything is going to happen.
I kind of hope it happens because I hate SBF and want to buy lower, but i doubt anything will happen.

[Anonymous No.52269458]

>>52269400
Thanks, anon. I was just about to make a thread asking where I can get 50% interest.

[Anonymous No.52269470]

>>52268229
in order for it to be a "bank run", there needs to be a banking institution involved.

Last I checked, these crypto zoomer bingo halls were not banks and are not otherwise FDIC-insured institutions.

So, OP, the next time you make a post, don't be a faggot.

t. 30 year-old boomer with real American money held by real, FDIC-insured banks... and real estate

[Anonymous No.52269474]

>>52269425
you know when a shithole country doesnt let its citizen withdraw money form the bank, which causes everyone to go to the banks to try to withdraw and it ends up in chaos , and the banks end up closed and people rekt bagholding local currency instead of $?

thats what could happen in the few days if the FTX exchange doesnt have all their users assets

[Anonymous No.52269513]

>>52269258
CZ isnt even japanese man..

[Anonymous No.52269527]

>>52268279
fuck me in the ass

[Anonymous No.52269536]

Are some people really in the know, or just guessing?
https://www.inflation.us/content/truth-about-ftx-alameda-celsius-and-tether

[Anonymous No.52269636]

>>52269513
arr rook same

[Anonymous No.52269658]

>>52269470
Okay you pedantic faggot, what do you want to call it then when clients want to withdraw their funds from a centralized institution?

[Anonymous No.52269663]

>>52268270
How can I participate given I wasn't stupid enough to give a jew my money to start?

[Anonymous No.52269676]

>>52269470
Only a total retard responds this way.

[Anonymous No.52270302]

>>52269470
So its a Bankman Run,

eitherway your retarded. cause its a bank run. plain and simple.

[Anonymous No.52270325]

>>52268229
wow 7.5 MILLION!

[Anonymous No.52270332]

>>52269470
It doesnt have to be a literal bank for a bank run retard, 30yo with autism?

[Anonymous No.52270393]

>>52269470
all those words when you could have just said you have assburgers

[Anonymous No.52270394]

>bank run
Is it really a bank run when its an exchange, not a bank, so the deposits are just stored... 100% of the funds are there so there is not really a race... Its not like a bank where you try to withdraw first because there is only a small fraction of reserves.

[Anonymous No.52270451]

>Oy Go- I mean GUYS, trust me, everything is alright with FTX okay? Don't panic or anything alright? Remember, if you panic you are an antisemite haha *gulp*

[Anonymous No.52270582]

>>52270451
>guys trust me, I hate the jews too, I'm totally not pandering to /pol/tards

[Anonymous No.52270627]

>>52270582
>pol
>crypto
lol
lmao even
Go away Sam.

[Anonymous No.52270677]

>>52269474
everyone understands what a bank run is retard, you clearly need to go back to primary school english classes

[Anonymous No.52270696]

>>52269470
>crypto goes to zero
>"but it wasn't a bank run!"
wow and real communism has never been tried

[Anonymous No.52270706]

also
>>52270394
>100% of the funds are there so there is not really a race

[Anonymous No.52270734]

>>52268229
Those figures amounts to nothing

[Anonymous No.52270750]

>>52270394
Anon.... Are you serious? Its much worse than a Bank because there is no legal requirement to have X% of the funds for crypto

This is some good bait fuck

[Anonymous No.52270754]

>>52269470
You really need to go back.

[Anonymous No.52270765]

>>52268229
as if this shit is a bank.
why are you using the phrase "bank run"?

[Anonymous No.52270767]

>>52269195
sounds like some interns getting a promotion

[Anonymous No.52270778]

>>52270750
First of all, there is no requirement for banks to have any reserve.
Second, its an exchange. Its legally required to have 100% of the funds.

[Anonymous No.52271037]

>>52270778
Lol lmao

[Anonymous No.52271095]

>>52271037
just google it, retard. there is no reserve requirement for banks anymore, never was for investment banks.

[Anonymous No.52271106]

>>52269536
LMAO what's with this fucking source?

[Anonymous No.52271116]

Bitcoin going to 1k or to zero

[Anonymous No.52271145]

>>52268229
>>52269197
FTX buys back their FTT in a over-the-counter deal proposed by our princess.

[Anonymous No.52271359]

>>52269470
what a sperg

[Anonymous No.52271584]

>>52269470
OK boomer larper

[Anonymous No.52271784]

>>52269197
bottom soon

[Anonymous No.52271816]

>>52269197
Fraction reserve ponzis are about to go under. You do own your keys, right?

[Anonymous No.52272246]

>>52269658
it's called a rugpull lmao any faggot who keeps their crypto in an exchange deserves to lose all of it.

>>(52269676)
Doesn't deserve a (you)

>>52270302
Not a bank, not a bank run. More like a tendie sprint lmao, your dinner is leaving your plate.

>>52270332
"bank run" implies involvement of a bank, which there is none.

>>(5(2270393)
no you 4 u

>>52270696
i'm all for retards losing their money. just call it something honest. y'all conflating your gambling parlours with regulated financial institutions.

>>(52270754)
>>(52271359
>>(52271584

no u, low quality garbage posts.

[Anonymous No.52272367]

>>52269513
Why does that matter? What are you, racist? This is actually a pretty good insight into how Bankman operates. By arb'ing the price difference across multiple exchanges while controlling the price on his own, he can not only scam wick his own customers' futures contracts, he can prepare for his own moves by posting anticipatory bids/asks on every other cex with the liquidity to milk the scamwick. So not only can he liquidate his own customers at will, he gets to milk the spread on all the other exchanges as well. Just milking the goyim coming and going, all day everyday. This is the part where Jannies prune the thread.

[Anonymous No.52272415]

>>52272246
>rugpull
Dumb zoomer word that popped up in 2019 and is a catch all phrase for "scam". There were exchanges with liquidity issues before that word popped up here.

[Anonymous No.52272418]

>>52272246
Bank run just describes a phenomen retard, are you actual autistic? We could have a bankrun on twinkies and that still would be a valid description and everyone would understand besides autistic boomers

[Anonymous No.52272451]

>>52272367
The bigger the cex is that you operate, the more you can manipulate the price. So by using the huge cex's you're contributing to manipulation of crypto prices and doing nothing for crypto besides enriching the operators.

[Anonymous No.52272581]

you want money?

register at pic rel, use a non important email, read the intro first.

[Anonymous No.52272650]

>>52272367
Someone screen shot this. I can't right now. I need the cap.

Yes, jannies are nuking these threads. Does anyone know if SBF has a good Minecraft server?

[Anonymous No.52272822]

>>52269513
Nevertheless it was hilarious and caused me to shoot coffee from my nostrils onto the floor.

>Give the lad credit for comic relief.

[Anonymous No.52272974]

>>52272650
Alameda is used as the vehicle for arb'ing the FTX scamwicks. Because even though they are essentially the same organization, they can still claim that they are not colluding to assrape every large cex orderbook with their manipulation.

[Anonymous No.52272996]

>>52272415
Are exchanges not scams though? They're certainly not banks. With crypto if you don't have the private key you don't have the coin. Exchanges turn customers into empty bagholders.

>>52272418
Understanding =/= Truth. Ponzi scheme is a better description of what is going-on with exchanges. Cryptofags do not get to conflate their gambling halls with real, regulated financial institutions by using terms like "bank run". Your incorrect use of language is an attempt to legitimize a con industry.

[Anonymous No.52273382]

>>52272418

Not him, but its not a bank run, because there is no run on limited assets, the concern is just a drop in price of the FTT token. Retards who think this affects their deposits at FTX are retarded.

[Anonymous No.52273417]

>>52273382
What's retarded is assuming that a cex holds any of your crypto at all. They don't have to report anything. You can monitor blockchain activity but that tells you very little since all of their internal operations are not on chain. And with bullshit like tether and wbtc no one can possibly know how much of anything anyone has. It's literally all smoke and mirrors.

[Anonymous No.52273427]

>>52273382
>retarded.
So if ftx assets go under ftx liabilities, you think these “depositors” will be ok.

[Anonymous No.52273478]

>>52272996
You're moving goalposts. There needs to be a more specific term than "scam" when describing a run on an exchanges reserves.

[Anonymous No.52273498]

>>52273382
FTX/Alameda used FTT as collateral for billions in loans. When you put up collateral, there is almost always a price point at which the underlying collateral has to be liquidated to pay back the loans. Given the way that FTX and Alameda are desperately defending $22, we can assume that their forced liquidation price is not far below $22.

If they were forced to sell, most of their business would likely implode. And people are worried about the possibility of FTX going bankrupt, with the creditors being first in line to receive money and exchange holders being at the back of the line, receiving an unknown percentage of their holdings after lengthy bankruptcy proceedings in Antigua and Barbuda. They may be able to get out of this, but anyone who has funds on FTX and isnt the slightest bit worried is a fucking idiot

[Anonymous No.52273532]

>>52273417
Yeah, you have to "trust" them. But the current events doesn't show any indication FTX is siphoning user funds or something.
>>52273427
>>52273498
Its a custodial relationship, as a user, its still "your" crypto, creditors can't claim your crypto pay debts FTX owes them. Its not a bank. Unless you specifically lend on FTX.

[Anonymous No.52273570]

>>52269470
Amazing bait.

[Anonymous No.52273593]

>>52273532
>Its a custodial relationship, as a user, its still "your" crypto, creditors can't claim your crypto pay debts FTX owes them
Show me where it says that in FTXs terms and conditions. Because if you can't find it, Antigua and Barbudas bankruptcy laws apply

[Anonymous No.52273609]

>>52273593
lol, fuck off and do it yourself. you show me where FTX says user funds are loans and users are creditors.

[Anonymous No.52273623]

>>52273593
I’m sure they’ve got segregated accounts and everything. You can trust them. Jews are pretty sharp when it comes to money.

[Anonymous No.52273629]

>>52273593
>>52273609
actually it wasn't hard to find
https://ftx.us/TermsOfService.pdf
> Once cryptocurrency has been deposited in a user’s cryptocurrency FTX Account, that cryptocurrency becomes the property of the FTX.US user with all applicable property right

[Anonymous No.52273661]

>>52273629
FTX.us is covered, yes. I'm talking about FTX, the main organization based out of Antigua and Barbuda. See if you can find it there

[Anonymous No.52273707]

>>52273661
Why would it be different in another country that respects property rights? You find a statement saying deposits are not actually property of the user, but actually loans, otherwise you're wrong.

[Anonymous No.52273737]

>>52273707
>Why would it be different in another country that respects property rights?
Because companies in the US and Antigua and Barbuda operate by different laws? Why do you think FTX.us is a separate entity with different terms? What the fuck. I give up. Keep your money on there

[Anonymous No.52273812]

>>52273737
The back up what you're saying. I gave a source, you didn't, I don't feel like turning on my VPN just to try to find FTX's global site it just redirects me to the us one.

[Anonymous No.52273869]

>>52270778
>>52271037
> trying to have anything resembling a real discussion here and expecting anything besides lmao, or le cope seethe in response
this is a childrens cartoon forum for shutin failures who live to be 'right' on the internet. not a place for information

[Anonymous No.52273893]

>>52273869
90% of the time its bullshit but every once and while you get a good thread

[Anonymous No.52273902]

>>52268229
they deserve this. i hope it gets much much worse for them

[Anonymous No.52274340]

>>52273478
You're right; at a certain point, an action taken by a "victim" is so abhorrently stupid (like holding crypto in an exchange) that the scamming party can no longer be held at-fault for their actions, much in the same way that a train conductor cannot be held liable for the death of people who jump in front of the train.

Maybe we can call it natural selection? Entropy?