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/biz/ - Business & Finance

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52488963 No.52488963 [Reply] [Original]

Holy motherfucking SHIT, Genesis/Gemini has a fucking ONE BILLION $ hole. They're pretty much done in these circumstances, no one is going to lend them a fucking billie.

Exit EVERYTHING.

>> No.52488992

>>52488963
I don't know I don't think it would be impossible or even very difficult for these exchanges to get loans like that. They're all probably sucking Saudi/mossad cock right now.

>> No.52489000
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52489000

>>52488963
don't tell me what to do bitch you're not my dad

>> No.52489169

aren't the winklevoss brothers multi-billionaires?

>> No.52489292

>>52489169
so was sam, whats your point?

>> No.52489313

>>52489292
Sam didn't have nearly the liquidity
While half a billion in BTC would be plenty liquid and they could probably at least borrow for part of it

>> No.52489326

we just believing random tweets now?

>> No.52489338

>>52489292
Difference was those billions weren’t actually his but for some reason people believed they were because this space is full of idiots.

>> No.52489343
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52489343

>>52488992
>yeah just loan us $1bn like the Jew tried to do, we won't fail this time goys!
Saudis also have Neom going rn so liquidity is not as fluid as b4.

>> No.52489346

>>52489326
dude it's (((citizen journalism)))!

>> No.52489367

>>52488963

I doubt it.

>> No.52489409

1:1 backed... with a credit line
>fed rug pulls

>> No.52489434

>>52489169
they sold their btc stack long time ago

>> No.52489470

>>52489000
kek yiu can do what you want bro :))

>> No.52489483
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52489483

>>52489313
>While half a billion in BTC would be plenty liquid and they could probably at least SELL some part of it
ftfy, this is the start of the final BTC capitulation you're waiting for

winklevoss capitulate -> send price lower -> miners capitulate -> send price even lower -> saylor capitulate -> game over

Thanks for playing, NO REFUNDS

>> No.52489508

>>52489483
Check the volume lmao

>> No.52489524

>>52489326
This one didn't even cough up 8 bucks to keep the servers running.

>> No.52489600

>>52489524
really makes you think

>> No.52489652

>>52488963
What does the tweet say? The sound of someone strumming a guitar is preventing me from reading it.

>> No.52489713

>>52489292
Are you fucking retarded? Genesis is the original whales of Bitcoin.

>> No.52489745

>>52489713
just prove they got lucky
we the boss now

>> No.52489776

THE CONTAGION IS SPREADI—ACK!

>> No.52490536

>>52488963
anyone yield farming or using gemini's earn program fucking deserve it.

>> No.52491476

>>52489483
Gbtc doesn't actually hold any BTC

>> No.52491541

Genesis != Gemini. Fuck off.

>> No.52491553

>>52488963
>Genesis/Gemini
Gemini has nothing to do with Genesis Global Trading.

>> No.52491606

>>52491541
>>52491553
genesis is their earn lending partner so anyone in that program is in danger. but like i said earlier, it explicit tells the you risks upon entering so you get what you deserve.

>> No.52491650

>>52489346
most retarded micro meme rn

>> No.52491672

>>52491606
Exactly, and yet these idiots expect refunds. I left my money sitting on Gemini, because earn sounded risky.

>> No.52491700

Brainlet here. Does all the rugged money mean there's less money in circulation this decreasing inflation? Based kike sam combating inflation:)

>> No.52491753

>>52488963
>la force maymay gemini bad
lol

LMAO

>> No.52491758

>>52491700
no, the money was either lost to wiser investors or stolen by the upper management.

>> No.52491815
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52491815

>>52488963
Hope Barry Silberts DCG bites the dust. They made crypto fake and gay with all their corporate shilling and VC hype.

>> No.52492048
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52492048

>>52489483
>winklevoss capitulate -> send price lower -> miners capitulate -> send price even lower -> saylor capitulate -> crypto eventually starts to recover
ftfy you dumb boboqueer

>> No.52492070

>>52489338
To be fair he spent them as if they were his. Bought employee housing in the Bahamas with investor funds

>> No.52493016

genesis isn't an exchange, their business is literally lending out their assets. The fact that they didn't have the liquidity to let every single Gemini customer pull out their Earn money doesn't mean they are "insolvent". The entire product is that they loan out your assets and you collect interest on them.

>> No.52493112

>>52489169
Personal finance has nothing to do with a company finance retard

>> No.52493259
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52493259

>>52488963
You realize if gemini or coinbase has an FTX scenario the entirety of the crypto "industry" (if there is one) would completely die off for a decade and then some? Binance could blow up and CZ could go on the run and the crypto space wouldn't give as big a shit? Gemini is one of the more secure anchors exchange of the shitmess and it going down would send btc to low 4 digits in less then a week from the panic knowing a NY southern district legally signed off business isn't stable. Amazing how this board has so much faith in CZ being some important figure to crypto development over US exchanges with US legislation backing them.

>> No.52493366

>>52489000
checked and sit down there's something we need to tell you

>> No.52493405

>>52493259
>would completely die off for a decade and then some
>source: didn't have any so pulled it out of ass

>> No.52493970

>>52493259
>Binance could blow up and CZ could go on the run and the crypto space wouldn't give as big a shit?
shut up retard

>> No.52494277

Why did crypto go to shit the moment BTC went to the moon? It's been nothing but psychopaths seeking other peoples money. What happened to the good old days of cyberpunk idealists? Gone! Send the vampires back to stocks

>> No.52494561

I cannot fucking wait to buy ETH at $500

>> No.52494791

>>52493016
not familiar with their earn program, but isnt that illegal in the us?

>> No.52496245

>>52491541
Exactly. Please don't intentionally conflate Genesis with Gemini.

The real contagion is one of estrogen, dudes acting like girls: "Oh my god, did you hear Katey is insolvent. Plus i heard the slut tried to make out with Billy..."

>> No.52496481
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52496481

>>52494277
>What happened to the good old days of cyberpunk idealists?
Checked.

>> No.52496757

>>52488963
cant find this tweet, he deleted it?

>> No.52497636

>>52496481
Is that you John. Please send some drones to Craig’s estate

>> No.52497757

>>52489169
Genesis is not a part of Gemini. Genesis != Winklevoss

>> No.52499284

>>52493259
Shut up fat