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/biz/ - Business & Finance

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50036935 No.50036935 [Reply] [Original]

IT'S OVER MASHINSKY

Celsius CEO about to get short squeezed on his snx position.

What will he do bros? How will he handle financial ruin and prison? They seem to have barred him from flying back to israel already. Guess this is him trying to "make it all back in one trade".

>> No.50037017

why is he short SNX ?
what is this retard doing?

>> No.50037066

>>50037017
Trying to remain solvent in the face of promises that were always impossible to keep. I can't believe Sergey was fooled by the likes of him but they're tricksters by trade and Sergey is a busy man(who will absolutely wipe the floor with these goons when all is said and done).

>> No.50037136

>>50037017
I have no clue. I'm pretty sure these big funds don't know ANYTHING about the protocols they trade/handle.

SNX stakers are getting paid something like 30% APR in FEES. You'd have to be retarded to short something like this. There is legitimate reasons to hold this token. It's not just some worthless unstakeable dog coin lol. Buy pressure will just keep coming in imo.

Some quick math:
Todays fees were $265,000 (all of these go to stakers)
Past 7 days average was $300,000 per day. So if we do $300,000 * 365 we get $109 million.

The protocols market cap is about $500 million at current prices. Only about HALF the tokens are staked (this number will likely go UP though). So $250 million tokens are going to earn $109 million this year... And this retard goes SHORT?

Guy is going to be absolutely rekt.

Source for the fees earned:
https://cryptofees.info/

We learned from 3AC retard funds will buy shit like LUNA without understanding the risk. Likewise, it seems they are going to short things they don't understand and get rekt here too.

>> No.50037181

>>50037066
Yeah they shorted LINK as well. TO be fair LINK never gave them a large portion of their treasury and they removed all of their funds from Celsius management a while ago.

They are currently shorting LINK as well but LINK doesn't currently have fee revenue and also its a lot harder to pump LINK than SNX.

SNX is fundamentally a STEAL at these prices.

>> No.50037316

>>50037136
There was a massive surge of volume recently. I don't know why but extrapolating such a short term into the next year seems pretty silly. Either way the fundamentals look solid for SNX, good fee revenue for its marketcap.

>> No.50037468

>>50037316
This type of volume has been here for about 2.5 weeks now. The surge in volume is due to the fact that SNX is now being integrated into 1inch for swaps.

The volume will continue to increase once it is also integrated on optimism. It will go up even more once Kwenta, the futures exchange that uses snx, gets its fully release.

So there are plenty of other catalysts to pump volumes so I don't think its that silly to extrapolate fees from a mostly dead bear market time and forecast them for the rest of the year.

>> No.50037497

>>50036935
Isnt celsius longing on ftx????

>> No.50037774

>>50037497
Nope they are short. Also, Sifu just shorted too. Confirmed on chain. That explains the quick price dip. Sifu is a big time gambler. He opened the short before pretty high up, closed yesterday. Now he is opening the short up again at a higher price. I'm thinking he doesn't realize the fee revenue. All of these people are lining up to get rekt.

>> No.50037810

>>50036935

My bag was loaded last night. How high we running?

>> No.50039598
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50039598

I had 25k LINK and 60k USDC in celsius

My life is over im actually going to kms soon

>> No.50039685

>>50039598
make a thread on their plebbit page and give us a shoutout fren. I've been delighting in their suffering over there

>> No.50040343

Just loaded up on SNX (3eth worth). I goofed and staked on mainnet though. Have to wait til next week to stake on L2.

>> No.50040499

>>50036935
Maybe he should stop thinking he’s George soro

>> No.50040500
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50040500

WITH JEWS
YOU LOSE

>> No.50040524

>>50039598

Not your keys not your coins anon. We warn you.

>> No.50040936

>>50040343
L1 provides more fees at least, so not that bad of a thing.

>> No.50040968

>>50036935
with Ukrainian Jews, YOU LOSE

>> No.50040992

>>50040936
Are rewards different for different network? I looked at the APY for both mainnet and optimism and it was at 60%

>> No.50041106

>>50037181
You give chainlink too much benefit. Celsius was named during CCIP announcement at SmartCon by name with Sergey. Not Aave, Not Synththetix.. The scamming HOLHOL JEW OF CELSIUS.

>> No.50041149

>>50041106
pretty dirty move by Machinsky then

>> No.50041156

>>50040992
Yeah. At least they were in the past. Maybe with the debt pools merged they are the same though?

>> No.50041235
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50041235

ITS OVER MASHINSKY, I HAVE THE HIGH GROUND
i own 2 of the vinu nft collection therefore im the richest person in this thread

>> No.50042806

SNX seems to be doing quite well considering the market is mostly red. Put in a small position here, will add more if it starts to take flight.

>> No.50043390

>>50037774
https://oasis.app/25977#Overview

>> No.50043477

>>50043390
What does his DAI/Maker Vault position have to do with anything?

>> No.50043533

>>50043477
It's celsius position

>> No.50043594

>>50043533
Yes. I'm aware. But that doesn't mean anything about their SNX position currently.

>> No.50043838

>>50043594
Well I want aware that celsius is also shorting with a huge position, I only knew about this long on ftx, that Sam the jew is alredy in rejoice because he will liquidate this degenerated gambler.

>> No.50043873

>>50037136
SNX isn't different than other ponzi tokens.

>> No.50045154

>>50043873
It is different anon. Go read up on it. It actually generates real revenues.

>> No.50045431

Not buying your shitcoin pajeet.

>> No.50047438

>>50039598

post proofs or larp

>> No.50047613

>>50037136
they also are doing 100-150% in INFLATION.

He is probably right to short SNX, and Kaiynne is just buttmad.