/biz/ - Business & Finance

They're both scams.

>>54058747
tell me how many crypto projects were scams again?
but you're right, banks run the oldest scam

>Bank which took major risks and gambles more than other banks because they HAD to invest in meme start up companies and make extravagant loans is proof that everything is going to collapse soon.

Absolute state of /Biz/

>>54058747
>crypto is not a scam bro
>losses you 75% of your money

>>54058769
-75% is still better than -100% though?

>>54058764
What will you say when the other supposedly not scammy banks fall apart too? The only reason they haven't collapsed already is because they got a lot of monopoly money from the US government, which if the rates continue to hike, will also disappear.

>>54058804
>What will you say when the other supposedly not scammy banks fall apart too?
When they do, I'll say something. They won't be doing that any time soon, though.

>>54058795
its not -100% doe at least what we know so far
they're just going to get back what they can get back from those garbage bonds which so far is at least 50%, we'll live to see

>>54058818
Wasn't 98% of the money in it not FIDC insured? That's what the """""media""""" told us yesterday.

>>54058804
>The only reason they haven't collapsed already is because they got a lot of monopoly money from the US government
OK so you understand why they're not going to collapse! Excellent!

>>54058764
>>Bank that brought long-dated T-bills with shit yields collapsed when there was a run on. Means other banks with underwater assets will also collapse if there's a run on them.

Absolute state of (you)

>>54058752
I just checked my cryptocurrency wallet my coins are still all there.

>>54058836
>Means other banks with underwater assets

While it's true that other banks have underwater assets, few banks had as much baggage as this one. They had bullshit risk management and took on things they shouldn't have done. It's possible other banks will follow, but we shall see.

>>54058849
Excellent. Let's see how the fare when stablecoins get taken offline and the rates continue to rise.

>>54058760
>tell me how many crypto projects were scams again?
What a non-argument LMAO
>tell me how many e-mails from Nigerian princes are scams
Do't buy into SQUADFAGGOTINU scams?

I'm positively sure that banks collapsing have lost more money from people that crypto ever has or even will for that matter.

>>54058824
this bank played it mostly conservative but at the wrong time, not really sure what they were thinking but its another story, im no CFO for a major bank so what the hell do I know
most of their assets backing their clients funds are gov bonds, which are very liquid, problem is those bonds are now worth way less, you can sell them but you incure losses because nobody is willing to pay your avg price for them, so the only solution is to sell those bonds at a lower price thus incurring huge losses, to add to that most of their clientele is startup companies with millions in cash (be it garbage loans for money losing companis or not), they panic because somebody told someone to pull out, word spreads bank is having issues staying liquid, more panic, only solution is to sell bonds at a major discount to meet liquidity demands, they close doors.

>implying they aren't intimately connected at this point.

>>54058877
What are you fucking talking about. My bitcoin in my wallet will always be my bitcoin. My 5000 chainlink in my metamask will always be 5000 chainlink. Who gives a fuck about stables, everyone knows that’s just tradfi disguised as defi. The point isn’t about the price. The point is with banks 10000 dollars can = 1 dollar in your bank account if Jews get desparate enough while 5000 btc will always be 5000 btc in your wallet

>>54058818
So far.
At least the coins in my wallet, whatever value they have and will have, are mine and under my control. The same can’t be said for any “deposit”.

>>54058824
>>54058913
what I meant and missed to add is that money is going to go back to those who own it, after they liquidate what ever assets they have on their balance sheet, not all of it, but most of it according to the fdic which said at least 50% has been recovered, but who knows how much really is going to go back

>>54058988
if thats what you mean you can buy short dated t bills from the treasury directly that are literally cash in hand and if the us treasury is unable to meet demands then your shitcoins are not going to be worth anything anyway

>>54058966

I like how he didn't reply to this kekek Crypto is actually safer than banks both through outright theft and theft through inflation.

Sergey and Satoshi have both told everyone many times.


With SN you just win

>>54058877
he thinks the internet has a switch to turn it off like a light.

>>54058747

Ya, except the bank that collapsed was a venture capitalist, roastie, silicon valley, faggot California Bank. I won't be surprised when it comes out that a lot of these venture capitalists were trying to start-up crypto related businesses.

>>54059060
They cant reply because they are sub human genetic garbage.

Imagine still not getting it in 2023 even after all their scams and tax payer funded jewish wars.

>>54059039
>short dated t bills
But that’s not literally cash in hand even if you claim it is.
Cash in hand is cash in hand. And even that has limits where the govt will steal it from you via civil forfeiture.
Guess what, the system is debt slavery and deserves to fail.

>>54058747
Banks are the mother of all Ponzis. They're still allowed to run on fractional reserves even after the "monumental" Dodd Fuck reform.

>My digital numbers are worth more and safer than yours
Anyone making arguments for banking or crypto is retarded.

>>54059229
you can sell those and incur losses, still cash doe

>>54059517
as liquid as cash*

>>54059517
If they have to be sold to obtain cash, it’s not cash.

>>54059635
liquidity is all that matters retard

>>54058764
>Government HAD to shut down the economy for two years and Ukraine HAD to get 100 billion, so they HAD to raise interest rates massively