THE GREAT CRYPTO BANKRUN - LEHMAN 2.0 - TOO BIG TO FAIL

[Anonymous No.52357864]

Get all of your coins off these exchanges, even if their reserves are safe, a mass campaign of people saying they aren’t is gonna cause a crypto bank run. Everyone is freaking and taking out money, get out now.
>Kuccoin
>Cryptocom
>Huobi
https://twitter.com/mikeburgersburg/status/1590920663224979456?s=21&t=Q08wP0MerJ8bzezdgzmxcQ
https://twitter.com/wisdommatic/status/1590458576241205249?s=21&t=Q08wP0MerJ8bzezdgzmxcQ
Also for shortchads, now is the time to short

[Anonymous No.52357892]

>>52357864
this is just kyc

[Anonymous No.52357894]

>>52357864
THIS IS your reminder that proof of reserves is useless without knowing liabilities. The reserves could be covering 100%, 80%, even 20% of the liabilities. ASK FOR BOTH otherwise this is just a marketing stunt by CEXes

[Anonymous No.52357906]

My funds are safu ;^D

[Anonymous No.52357913]

>>52357864
crypto whale shilling this profile on /biz/ of all places

[Anonymous No.52357920]

>>52357864
No, retardos freaked out and got out of crypto . Now they're trying to cause a bankrun to justify their bullshit move. And ofcourse, they're failing badly.

[Anonymous No.52357929]

>>52357864
Bruh i've had 3k sitting there waiting for the next summer to invest in shitcoins. FUCKKK

[Anonymous No.52357933]

IF THEY HAVE TO RELEASE OFFICIAL DOCUMENTS SHOWING THEY HAVE RESERVES, THEN THEY ARE SCARED
LETS SHOW THESE JEWISH EXCHANGES THAT THEY SHOULD BE AFRAID

[Anonymous No.52357939]

>>52357920
They are trying to bring the whole industry down so they can justify regulatory oversight.

[Anonymous No.52357943]

>>52357929
funs r safu

[Anonymous No.52357969]

>>52357939
That too. But the amount of influencers that 'lost trust' in crypto after the ftx fiasco is hilarious.

[Anonymous No.52357971]

>>52357864
KuCoin gets taken down next and USDT gets depegged because KuCoin holds a lot of USDT, you’re about to see the first crypto recession

[Anonymous No.52357999]

>>52357971

[Anonymous No.52358003]

These idiots never learn, do they? Even before MtGoy collapsed people were warning not to keep your coins on exchanges. There's literally no excuse at this point. Every single normie faggot with their money locked up deserves to lose their money and GTFO of crypto for good.

[Anonymous No.52358010]

>>52357864
Why do you kikes always go after KuKoin?
Is it because it has K in its name?
This is like the 10th time you've tried to ruin Kucoin.
It's not going away you faggots.

[Anonymous No.52358056]

>>52358010
My insider source tells me it is, you have 63 hours

[Anonymous No.52358093]

>>52358056
noooo KKK bros... not like this

[Anonymous No.52358217]

>>52357971
>it's really happening this time
>2 more days

[Anonymous No.52358228]

>>52357864
Wouldn't the smart thing to do be for everyone NOT to withdraw all at the same time? You're just causing the problem you're trying to avoid.

[Anonymous No.52358239]

>>52357864
>cryptowhale
go back randy

[Anonymous No.52358266]

>>52358228
Yes but nobody wants to be the last sucker that didn't withdraw

[Anonymous No.52358283]

"suspends withdrawal"
>gets kyc requirement notice

[Anonymous No.52358287]

>>52358228
its rational to not start a bank run but it is rational to participate if it already started
t. some jew

[Anonymous No.52358295]

>>52358228
if these exchanges wouldn't run on fractional reserve than they would be able to serve every withdrawal request by their customer, so it's still their reckless behavior that is causing the problem.

[Anonymous No.52358330]

>>52358228
>If all of us random strangers just trust eachother we will not lose our money
Yeah no, fuck that, lmao

[Anonymous No.52358336]

>>52357971
If cuckoin goes under and all of its crypto assets including USDT get frozen while investigation is ongoing, how does that affect Tether in the short term?

[Anonymous No.52358357]

Imagine losing your life savings on cuck coin

[Anonymous No.52358392]

I have some dip buying cash in coinbase I’m pretty sure that’s fdic ensured. Right?

[Anonymous No.52358409]

>>52358392
Insured lol

[Anonymous No.52358413]

>>52358392
>anything crypto
>fdic insured

[Anonymous No.52358466]

>>52358228
nah fuck that shit, that logic doesn't work in crypto because people will do it anyway and you'll get fucked for 'doing the right thing'
it's all game theory

[Anonymous No.52358505]

>>52358003
That’s because we’re talking to zoomers who were 9 years old when Mtgox collapsed and bought their first coin in July 2021.

[Anonymous No.52358575]

>>52358228
you are correct. what ends up making the problem reach tipping point is not the situation itself which is bad, its the panic which follows afterwards that is what really fucks us because people are afraid to lose their money and only care about their own lives. but all this stuff is only bad in a peak bull market in a bear market its fine because everybody has already lose so much a few more k is not really that panic inducing anymore. hence why i think we are at the actual bottom rn

[Anonymous No.52358599]

>>52358093
Bruh why is this image so hilarious

[Anonymous No.52358617]

How will anons interpret the 121328th coinscam falling apart, I wonder? Will they
1. Stop using these scams and do something else with their actual useful money
2. Try another ponzipoopboobeycoin and get angry when it happens again

[Anonymous No.52358639]

>>52358617
rule number 1 of gambling: never give up

[Anonymous No.52358655]

It's over, I had $3 on kucoin.

[Anonymous No.52358657]

>>52357892
no it's not Kucoin stopped withdrawals. Bitconnect and Kucoin are next to fall.

[Anonymous No.52358668]

>>52358617
>a centralized exchange failed, that means a decentralized network can't work
The mind of a nocoiner is a scary thing

[Anonymous No.52358671]

>>52358639
Now I'm down a little in fact I'm down a lot I'm on a roller coaster ride that I can't stop
Yea my luck has changed but she'll come back
That's the beauty of a game of chance
I can't loose forever but I'm doomed to try because I keep on hearing a voice inside
Players win and winners play have a lucky day

[Anonymous No.52358743]

>>52358228
t. last guy out
kek darwin award, here’s a lesson idiot, it’s a dog eat dog world, kill or be killed

[Anonymous No.52358762]

Just withdraw my LINK from KuCoin. Relax bros.

[Anonymous No.52358781]

>>52357864
wait, is this real? I bought some btc on kucoin yesterday and not being a retard I immediately sent it to my wallet.

[Anonymous No.52358825]

>>52357864
>KuCoin is insolvent
Always was.
For once, I am happy they're imploding. Hope the people behind this rigged exchange go to hell.

[Anonymous No.52358848]

>>52357864
>overuse of please
>kindly
Curry stinking exchange lol

[Anonymous No.52358875]

>>52358093
Hahaha
AVAX, AlGO, etc were all shilled by Alameda on here meanwhile Cosmos ecosystem untouched

[Anonymous No.52358909]

>>52357864
>tfw storing all of my crypto in metamask
feeling real comfy over here bros

[Anonymous No.52358921]

Why the fuck do you store your digital money on someone else's computer?
Isn't the entire point of crypto is not to do that in the first place?

[Anonymous No.52358927]

>>52358909
>MetaMask starts asking for KYC
Whoops. What now?

[Anonymous No.52358931]

>>52357864

hope you incels enjoyed playing the internet money game, thanks for the transfer of wealth. see your kids in the next ponzi. maybe virtual tulips ?

[Anonymous No.52358966]

>>52358228
its an adversarial game. basic game theory means you should withdraw asap
not withdrawing gives little or no benefit with a huge downside, while withdrawing (if you can do it in time), gives little drawback while preventing a massive downside
stay out of the market if you didn't understand this already

[Anonymous No.52358983]

>>52358228
>Building is burning down
>Wouldn't it be smart if everyone DIDN'T rush to exit at the same time?
It's panic, bro. You know they don't have enough funds, and when by the time others have panicked first, your chance at getting your money might be zero.

[Anonymous No.52359165]

>>52358927
so do your kyc

[Anonymous No.52359189]

Anyone having trouble withdrawing from kucoin?

[Anonymous No.52359210]

>>52359189
no

[Anonymous No.52359244]

>>52358927
then you use etherscan

retard

[Anonymous No.52359301]

>>52358909
same. hopefully this leads to more people understanding how to use it so some coins that aren't on many CEX will pump.

[Anonymous No.52359738]

Do the opposite of what is biz doing.

[Anonymous No.52359747]

>>52358848
Sir! What is wrong with being polite to your clients, please be so kind as to explain that to me!

[Anonymous No.52360842]

>>52359244
Don't tell them faggot

[Anonymous No.52360903]

>>52357864
Let me guess, Chinance will be the only CEX standing after this is over

[Anonymous No.52360965]

>>52358093
>some people actually know what these tickers mean
yeah we really had it coming didn't we

[Anonymous No.52360970]

>>52357894

[Anonymous No.52360983]

>>52358228
it's a doggy dog world anon

[Anonymous No.52360995]

>>52357971
And also the last

[Anonymous No.52361014]

>>52360970
maybe he isn't using BNB as collateral, or at least not any substantial amount enough to be relevant, I believe it

[Anonymous No.52361186]

>>52360970
you cropped out the part that says they don't have debt or use bnb as collateral
https://twitter.com/cz_binance/status/1590103159506341888

[Anonymous No.52361216]

>>52361186
Isn't BUSD their coin though?

[Anonymous No.52361261]

>>52361216
And?

Do you even understand what collateral means?

[Anonymous No.52361270]

>>52357864
I only use coinbase and binance.

[Anonymous No.52361284]

>>52361014
CZ didn't lend $8B book value in FTT token to Alameda and then have FTT token drop 99% in value while simultaneously having a bank run on all funds. VERY different in Binance case. Not even a spec of dirt on them unless Tether blows up.

[Anonymous No.52361337]

>>52357864
>create a bank run by believing the false rumors of a bank run that we're spreading
Nice try, rabbi

[Anonymous No.52361344]

>>52361216
So is BNB

[Anonymous No.52361373]

>>52361261
You just believe him? I’d want proof.

[Anonymous No.52361410]

>>52361337
You can't bankrun an exchange if they hold all customer deposits like they should be doing. Any exchange that goes under because of FUD *should* go under.

[Anonymous No.52361794]

>>52361410
>You're not a witch?! Haha!! that's exactly what a witch would say!
You can create it with enough panic, enough leverage, and low enough volume. Just like your boy sam tried to do with Binance and did with Luna. Now that your goblins got assraped by Binance you want to create a stampede by scaring the cattle that would leave smaller exchanges exposed to your speculative attacks. You should try first getting up off the floor before you start throwing kicks around.

[Anonymous No.52361835]

>>52357864
>another kucoin fud thread with same image as the one from last year
god at least get new some new pics

[Anonymous No.52361838]

>>52361794
>you can create it with enough panic
No, you literally cannot if the exchange is being operated appropriately. The whole concept of a "bank run" implies a fractional reserve. If customer deposits are fully held 1:1 with crypto assets then the WORST you can do is drain them of users, but never make them insolvent or experience a "bank run." We should encourage a stampede on all centralized exchanges and purge the scams.

[Anonymous No.52361852]

>>52361344
And where are the loans where the pledged BNB as collateral to secure those loans with leverage?

Oh that's right, binance never lending out BNB or BUSD.

[Anonymous No.52361886]

I just withdrew some alts from KuckCoin. It wasn't much because no one in their right mind would leave a substantial amount on an exchange, but the withdrawal went through.

[Anonymous No.52362696]

>>52361838
I perceive an implication in your post that this kind of thing doesn't happen in DeFi or DEXes. I'm no expert, but I've seen a lot more pain there than in CEX. Explain to me how Yield farming is different from fractional reserve.

[Anonymous No.52362803]

>>52358657
im not seeing any evidence that kucoin stopped withdrawals

[Anonymous No.52362883]

>>52362696
Yield farming is a literal ponzi scheme, I'm not defending it. That doesn't change the fact that centralized exchanges should burn if they are gambling with customer deposits.

[Anonymous No.52362942]

https://strawpoll.com/polls/GeZANX3kRyV

come vote

[Anonymous No.52362962]

Just withdrew from kucoin as well. no issues

[Anonymous No.52363115]

>>52358228
Sure you wait and I’ll go first. Then you can withdraw later

[Anonymous No.52364212]

It’s happening

[Anonymous No.52364260]

this is just a kyc
you guys are truly retarded

[Anonymous No.52364269]

>>52358228
First one out the door loses the least

[Anonymous No.52364347]

i withdrew from kucoin but i cannot transfer from my margin account even with 0 debt

>picrel

[Anonymous No.52364353]

>>52364260
Imagine keeping your money on a foreign CEX in the midst of this shit storm. That is some serious baggie cope.

[Anonymous No.52364366]

>>52364212
That’s to the exchange retard

[Anonymous No.52364390]

>>52364353
i have 99% of my networth on there. they already got bankran a few months ago and nothing happened

[Anonymous No.52364395]

>>52364260
>shit there's a bank run and we can't honor all withdrawals
>uhhhhhhhh slow walk it, institute random KYC requirements and take weeks to check them
enter you the intrepid retard:
>this is just kyc durrr trust the process

[Anonymous No.52364419]

>>52358228
You realize diamond hands is a scam to get people to hold your bags right?

[Anonymous No.52364576]

>>52357864
IT ALL COMES TUMBLING DOWN

[Anonymous No.52364600]

I got my money off kucoin just fine earlier today

[Anonymous No.52364631]

>>52364366
So you’re saying someone just moved 40 million USDT to sell it on KuCoin? And that’s a good thing?

[Anonymous No.52364828]

>>52364631
FUCK they're dumping usdt for btc
it's over stablebros

[Anonymous No.52364856]

>>52357892
Kill yourcelf

[Anonymous No.52365003]

>>52357864
Your funds are trap on the exchange while shorting retard. Lmao how dumb can this board get

[Anonymous No.52365052]

>>52365003
>what is defi

[Anonymous No.52365107]

>>52358392
Only the US Dollar account you hold on the exchange.

[Anonymous No.52365172]

>>52364353
im shaking rn fr fr

[Anonymous No.52365386]

>>52357864
How the fuck do you short without putting your money on an exchange?

[Anonymous No.52365404]

>>52357864
>"Get your coins off exchanges and into physical wallets"
Isn't this a way for us to not sell our crypto back into cash (real money)?

[Anonymous No.52365444]

>>52357864
This is common knowledge for anyone that has been in crypto for more than 24hrs. Not your keys, not your coins. Idiots, use cold storage.

[Anonymous No.52365448]

>>52365404
Trade ledger wallets like Yu Gi Oh cards.

[Anonymous No.52365466]

>>52357864
Retards literally trust companies called CuckCoin

[Anonymous No.52365556]

>>52361337
Imagine a world where semitic interests have so discredited themselves in the crypto space that trusting your money with anonymous bugmen on the other side of the planet is seen as the safe alternative.

[Anonymous No.52365639]

>>52365556

[Anonymous No.52367184]

>>52365556
I don't have to imagine. It's happening right now, and that's a good thing. It's just about time Wall St. had some competition. They've done nothing but wreck the global economy multiple times and no one could do a thing about it. I'll gladly give and tell everybody to give every single cent to the chinks if it means moving value away from those filthy rats and their worthless, hyperinflated dollars.

[Anonymous No.52367369]

>>52365556
the chinks are unironically the good guys in this situation

[Anonymous No.52367566]

>>52357864
It’s all happening in real time, the dominoes are falling, it will be a few days before anyone realizes it

[Anonymous No.52367598]

>>52358228
Hey everyone, I found the next biggest fool.

[Anonymous No.52367811]

Coinbase is next.