/biz/ - Business & Finance

Are we all going to end up in tent cities soon?

t.Murican

>>19046371
Please fuck my urinary tract, I actually read his blog post. H-hit me one with one more?

>>17997808
You see things like these and you think it's a child's play. But then you start adding up numbers. 1240 members. Let's say the average value of a loan on a place they're renting is $300k. 1240*300,000=372,000,000. Ok so that's roughly $350 million worth of loans that are about to implode. Then you remember that these loans are used as leverage in all sorts of fucky derivatives with a ratio of 50 to 70x. Let's go conservative and assume a prudent and safe ratio of 30x. That's $11 BILLION worth of derivatives that will get margin called. And that's not even a tip of the iceberg, that's like a small snowflake on top of the iceberg.

How come /biz/ never told me about the runaway deficit, is the economy really going to implode? E..everything is going to be okay r...right guys??

What happened to all the link shills? Did OGs really dump on us at $4? Is anyone here?

I'm too scared to check my blockfolio. If I don't open it I won't lose money right?

What changes when you make it? Say i cash out tomorrow and have $20 million in my bank account. Do I get put on some list? Does some blackhat government agency call me out of the blue? What happens frens?

L-link IS dropping to below $1 right? Right? I still have time to accumulate a decent stack?

T. 300 linker

>>15145035
>>15145069
Fuck, didn't see this one yet. Sauce plz?

>>15145081
Nice and comfy desu

I lost millions to cryptos

> Bitcoin ETF is just 2 weeks away