Are they forced to sell on market? Since they had their own internal constructions that kept the price unaffected im curious if someone else is going to take the hit, over becoming a full on market dump.
I think the attempt right now is to make crypto the sacrificial lamb for the stock market collapse, and the reason why they’re gonna say they need to bail out the banks.
It’s the same dominoes. This one was going to happen already but basically got delayed by FTX pretending to buy it out. Most of, if not all of, these companies that have been going down are loosely related and used each other for loans and collateral, with a lot of the $$ value being plugged by self-created shitcoins or pump and dump coins. It’s one big yield-farming circle that’s collapsing.
yeaaaah. but. is this legitimate domino falling and good for us, is this a narrated fall to create an image allowing someone to swoop in, or can both scenarios be somewhat true.
Seems like there's a very concerted effort to keep BTC above $16k and/or ETH above $1100. The dip this announcement caused was almost immediately countered.
I'm still amazed at how a year ago cascading bankruptcy/ failures of banks actually would be seen thru c r y p t o. It's almost as if the banks were using crypto as a front for their money the whole time!🤷
Don’t dance. If you have a look at the BlockFi subreddit you’ll see people have lost everything. It’s sad, it was fraud. Now we know that CEX is shit, I’m sure some of them do now.
So another crypto goes bankrupt but Bitcoin price hardly moves. I think they are grasping at straws trying to keep the price pumped high enough so they have collateral on the books. It keeps dropping them pumping then dropping, rinse repeat
Bitcoin is high because it has nothing to do with any of that shit. It is the reason any crypto has value. Every shit coin, shit coin exchange, or bankruptcy has nothing to do with bitcoin. This is like a pop up jewelry store that sells fake diamonds and gold going bankrupt and being robbed, and saying, "Gold and diamond value doesn't seem to be effected by this.... " Of course not.
Don't dance you guys... We know the "not your keys, not your cryptos", but man those companies could make crypto more accessible and offer other services like lending using your coins as collateral. It sucks they can't even do their own job... Let's do our best to help people move to cold wallets and educate them, this is what a true ape should do! >.<
Part of me agrees with you, but the bigger part of me remembers that these chucklefucks have been exploiting fellow humans for decades, following the same shitty heels from Wall street, with full knowledge of how they've broken down society and societal values with their robbing blind of the lowest classes in order to enrich the billionaires further...
Saw a post few weeks ago about how you guys were meat riding FTX. Now that it has gone under you turn the tables and say how this is all going to fall and GME is going to moon.
Why GME?
Aged like milk:
Just Hwang up
Lol @ Bain
Fucking lol.
bain! Hahah FUCK
Late September when this was posted. So rock solid to nothing in 2 months.
Those rocks were unfortunately small porous sandstones which quickly crumbled under stress lmao 🤣
Oof, Bain is going to have to dismantle and sell off so many otherwise healthy businesses to make up those losses.
Jeez.. Tiger Cubs AND Bain .. woah.. who woulda thought ..
350 million in equity is peanuts compared to the GME fam
You mean Cellar-Boxing Bain Capital made a bad investment?! The price is wrong Mitt
Either I'm super intelligent 🧠 avoiding every penny in any crypto OR those people and institutions are truly dumb keeping even a penny in any crypto.
Have they tried turning it off and back on again?
Man, I don't think milk even ages that fast
notliketheothergirls
Lmayo, aged like fine mayo.
Only 2 months ago. Hilarious
Last updated September 26, 2022.
Rock solid like my dick… but I’m a cat… a female cat… spayed nonetheless
🤣😂🤣😂🤣😂🤣😂🤣🔥
That's all the usual suspects
What’s their exposure to the crypto market, I read that it was $1-$10 billion. Crypto will bleed some more this week.
NFTs on sale? Score
$10 Billion according to their help (see my other comment in this thread).
Are they forced to sell on market? Since they had their own internal constructions that kept the price unaffected im curious if someone else is going to take the hit, over becoming a full on market dump.
Is Robinhood next?
Crypto dominoes beginning to fall 😎
For real.
I have heard this story before. Not trusting anything until I can see it myself having any impact (i.e. Ftx, UK pensions, China...)
I think the attempt right now is to make crypto the sacrificial lamb for the stock market collapse, and the reason why they’re gonna say they need to bail out the banks.
Reminds me of a Jenga tower scene from a certain film.
It’s the same dominoes. This one was going to happen already but basically got delayed by FTX pretending to buy it out. Most of, if not all of, these companies that have been going down are loosely related and used each other for loans and collateral, with a lot of the $$ value being plugged by self-created shitcoins or pump and dump coins. It’s one big yield-farming circle that’s collapsing.
Sir, is this a block chain reaction?
yeaaaah. but. is this legitimate domino falling and good for us, is this a narrated fall to create an image allowing someone to swoop in, or can both scenarios be somewhat true.
Cex is for dummies...
I’m beginning to think he meant it literally LOL
CBDC is their target.
Oh shit another one
Suck my dex
Bear Stearns is fine!!!
Seems like there's a very concerted effort to keep BTC above $16k and/or ETH above $1100. The dip this announcement caused was almost immediately countered.
These are probably just strong support levels, same for 30k, 20k and 18k. It just took a while to break through the support
I'm still amazed at how a year ago cascading bankruptcy/ failures of banks actually would be seen thru c r y p t o. It's almost as if the banks were using crypto as a front for their money the whole time!🤷
smart money
Oh no, well anyways
So I kept bribing... I mean, DRSing!
but no money for coffee, right...
SEC is just the extortion wing of the FED/wallst, change my mind
24hours before they get "hacked"?
!remindme 24h
Here we go what? Still waiting on the Evergrande fall out to make an impact. Realistically its all so rigged none of this matters.
I’m hoping these crypto bankruptcies are at least faster than Evergrande bankruptcy. They won’t be done til late next year at their pace.
With all due respect, Evergrande is in China
Billions in debt and 100k creditors. Another well regulated firm...
Coinbase will be among the last to drop.
don't they actually trade publicly though?
Chapter 11 though, still not great but would have liked to see them file for chapter 7 lol
Wishful thinking...it'll come.
What mean
Give it time
Does filing mean they will close or can they back out from the filling?
Chapter 11 is only a restructuring bankruptcy form; chapter 7 demands immediate liquidation. However, it's a start. 😉
Thank fuck my crypto is locked away. Nowhere near an internet connection
The Feb'22 BlockFi $100 million SEC Order
Thank you for this. :)
And they all fall DOWN!
I know it was going to get good when the Bahamas financial chief started doing his job. HERE WE GO!
Just like the dotcom boom
🎵…and another one gone and another one gone…🎵
Who is next on the chopping block?
Binance. Calling it now
I almost invested with these cocksuckers years ago I'm glad I put in GME instead fuck me lol
Will the crypto meltdown trigger hedgefund bankruptcies and thus a GME squezze?
That's the idea.
The question now is: Who’s next?
oh nooo ahh the tragedy oh no harumph how will finance ever move forward???
Don’t dance. If you have a look at the BlockFi subreddit you’ll see people have lost everything. It’s sad, it was fraud. Now we know that CEX is shit, I’m sure some of them do now.
Rick and morty fan in the house.
burn them all down! lets dance on the ashes lol
*"W-wake up and smell the...a-ashes Mr.Bankman Feidman"*
Don't dance!
Whole lotta little people gonna be out what little money they have/had.
🕺saturday night fever contrarian
SEC gave them an unsecured 30 million dollar loan lol.
Wait, what? Where?
SEC lends money now? Wtf
So glad I finally jumped from the CEX.
Please tell me that the criminals in charge got away scot-free with billions of dollars of other peoples' money.
Love the smell of bankruptcy in the morning
Oh my
Lost a chunk on this one. Hope to earn it back x100 after moass 🙏
DJ Kahled: "Another one"
😂
So I can call mom now(again),right?
So another crypto goes bankrupt but Bitcoin price hardly moves. I think they are grasping at straws trying to keep the price pumped high enough so they have collateral on the books. It keeps dropping them pumping then dropping, rinse repeat
Bitcoin is high because it has nothing to do with any of that shit. It is the reason any crypto has value. Every shit coin, shit coin exchange, or bankruptcy has nothing to do with bitcoin. This is like a pop up jewelry store that sells fake diamonds and gold going bankrupt and being robbed, and saying, "Gold and diamond value doesn't seem to be effected by this.... " Of course not.
It’s crazy how crypto pumps. Just trying to stay above $16k. With each crypto exchange failing, it takes a big dive.
How exactly is this bullish for GME
Is this sarcasm or is this a legitimate question?
Again......insert truck meme
Aaaand here.. we.. go!
Is BlockFi one of the crypto exchanges that used GME tokenized stocks?
This is old news only announced today 🤔
Oh no....
The more the merrier
The amount of YouTubers that tried to convince me to use BlockFi. Glad I didn’t.
Brick by brick . . .
2022 is Year of the Dead for Crypto.
Bagholders, most likely the plan all along...
Getting downvoted like crazy
LOL
CRYPTO = Trust Me Bro ...
Wasn't tiger one of the firm's that blew up last year because of hwang?
SilverGate Capital is the one to look out for, this company was some shit tier bank that got turned into a crypto powerhouse overnight.
Hey, rock’s solidity is nothing like diamond’s
Weeeeeee
Hehehehehhe
Don't dance you guys... We know the "not your keys, not your cryptos", but man those companies could make crypto more accessible and offer other services like lending using your coins as collateral. It sucks they can't even do their own job... Let's do our best to help people move to cold wallets and educate them, this is what a true ape should do! >.<
Part of me agrees with you, but the bigger part of me remembers that these chucklefucks have been exploiting fellow humans for decades, following the same shitty heels from Wall street, with full knowledge of how they've broken down society and societal values with their robbing blind of the lowest classes in order to enrich the billionaires further...
🕺👯♀️
CRASH IT ALL WOOOOOOOO
YOU ARE IN A CULT
THis isn't GME related at all. Wth mods?
CEX for dummies
What's the 3rd domino?
Domino’s
Crypto big fukd
I thought they were already on the chopping block
Brick by brick 🧱
How sad
Saw a post few weeks ago about how you guys were meat riding FTX. Now that it has gone under you turn the tables and say how this is all going to fall and GME is going to moon.
Uh oh Spaghetti-Os!
Old news
?
Boring
Why is your phone at 100% charge? I thought we were all regarded?
That fount you have your phone set to looks terrible ngl.
Ftx scapegoat