/biz/ - Business & Finance

>>50463902
Did they check behind the couch?

It’s amazing that people still lend crypto

>>50464052
yeah i dont get it either. you trust some third party to hold your coins for a measly 5%-10% per year when you can make that in a single day just trading yourself. half the world is truly made of retards

>>50464039
TOP KEK

>>50464052
lending crypto isn't the issue, doing it outside of smart contracts with centralized middle man is what boggles the mind

>>50464112
Ah yes because it worked so well with Bancor

>>50465026
Bancor is an amm that claimed it could solve a mathematical problem by putting a printer into the equation. Totally different case from crypto lending and overcollaterized borrowing, which only concern is really low liquidity and smart contract failures

They're going to lose it all. Hope people can get out before it's too late.

>>50465282
nah, fuck them. after what happened with celcius anyone who holds money in cefi is a fucking retard and deserves to lose money

>>50463902
Who cares? Doesn’t affect link price

>>50465617
it certainly does

these are all shits,.

>>50465767
Yes. The price is dumping

>>50466281
still 50% up against eth over the last month, wonder why, maybe the token is kind of needed for reliable in chain 150x leverage gambling

>>50466326
And it’s been bleeding again the past few weeks. Cope

>>50466404

>>50466555
Like I said, it doesn’t fucking matter if it doesn’t pump the price

>>50464052
Impatience
Greed
Hubris
Complacency

>>50466579
>nexo losing nearly a Million Link in a month
>celsius being out of the game
>Exchange supply dropping 50% in a month
>50 Million in Link shorts liquidated over a month
>token needed and capped

>>50466669
>50 Million in Link shorts liquidated over a month
Source?

>>50463902
>kek
well deserved

>>50463902
Very interesting. Do we have an update on the status of Nexo's solvency?

>>50466669
Why is the price still dumping then? Also the shorts still seem to be going on on both the btc and eth pairs.

>>50464093
>bro just make 5-10% per day

>>50466977
cryptometer

>>50467305
Answer this question >>50467103

>>50467103
there is always longing and shorting happening, the liquidity just might run dry when the next few realize how to leverage chainlink to harvest fees from gamblers

>>50463902
Lost implies a financial loss, im assuming this is just people withdrawing.

>>50466326
??? Over the last month it's down substantially.

Is this a bot thread?

>>50467784
nexo lost them, its capital they dont have liquid anymore to save other degen plays like celsius.
coordinated exit pump on eth the retarded amount of bait capital and the buy my merge bag narrative plastered all over the place, and link still up. history repeats, only this time eth wont play any role

>>50468134
If people withdrew it doesn't entail any real damage

>>50468278
it weakens their position in the market. Less liquidity to support their gambles; once the scale tipped they find themselves on the losing side with no liquidity to counter act the inevitable, insolvency

>>50463902
You lost 95% vs ETH in 2 years

>>50468703
eth is never going to have a btc all time high, and currently has to compete with 1000 and one chain about block space demand. eth has no role to play in the next cycle

>>50463902
so how much longer until they freeze withdrawals?

>>50469081
by the speed they drain their secondary reserve wallets, 27th of July

>>50463902
and???

>>50469824
the legend has it that nexo is one of the main link sellers after they got liquidated when link shoot up to 20 2 years ago and have tried to manipulate the price back down with deposited link to get their loss back. They got liquidated around $6

Just two more weeks!

>>50469896
That sounds absolutely based on the haruspicy of nuggets pulled from your ass.