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/biz/ - Business & Finance

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49795908 No.49795908 [Reply] [Original]

basically everything that's happening right now is because of terra, isn't it? is it really a bunch of bankrupt vcs that are dumping on everyone? top fucking kek someone please tell me if i have this right.

>several large firms trading with other peoples money
>stuff money in terra and pocket some of the yield for "free" money
>also leverage trading
>terra explodes
>they now have to sell shit to cover for terra exploding
>all of those effected are doing this
>they're now getting blown up on their leverage trades as well and liquidating all their shitcoin bags

am i right? how far does this go? how many people/companies are completely fucked that we haven't heard about yet? how long will it take to hear about them? have any tardfi firms gotten rekt by this as well?

>> No.49795971

the only reason price goes up is because of tether.

>> No.49796231

>>49795971
very informative thank u for this anon

>> No.49796242
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49796242

>>49795908

Index future are looking like shit, they are closed on monday because it would've been another black monday, we are officially in a recession, institutions have pulled out from crypto because it's risky asset, it's normalino to see it go down severly, if u only knew how bad things really are...

>> No.49796684

>>49796242
i'm proposing that a bunch of the "institutions" that were in got rekt by terra, more than is publicly known thus far.