/biz/ - Business & Finance

[Anonymous No.52277109]

Alameda is bankrupt. Alameda will drag down FTX with it. And FTX will drag the entire market to depths unseen since 2019. Luna/Celsius collapse will feel like child's play in comparison.

[Anonymous No.52277120]

>>52277109
And these are good things.

[Anonymous No.52277130]

milady will dethrone bored apes

[Anonymous No.52277146]

>>52277109
Rolling for (((SBF))) and (((Caroline))) to get their jewish poopholes gaped by feral niggers and catch AIDs. Only then will crypto and the world recover and become a better place.

[Anonymous No.52277184]

>>52277146
Jews are a disease akin to AIDS. How can AIDS get AIDS, anon? Double AIDS?

[Anonymous No.52277211]

>>52277109
So what happens to Tether?

[Anonymous No.52277212]

seems like they are trying to find money wherever they can to hold up ftt

[Anonymous No.52277227]

>>52277109
I can't wait til that day happens
I'm thinking we'll have an entire week after where there is barely a thread or two about crypto
Biz will get back to trad markets after a decade of being overrun by sandy poo hands and gooks
I am at peace with this outcome

[Anonymous No.52277229]

>>52277130
milady

[Anonymous No.52277254]

>>52277109
lol this stupid tweet proves nothing, as if any exchange would give a shit about 20eth. goddam poorfag brain. doesn't mean they're scrambling at all

[Anonymous No.52277276]

>>52277254
they have been pulling money out of a lot of protocols since yesterday and selling off altcoin holdings

[Anonymous No.52277279]

>>52277254
30k for a withdrawal fee
I think an exchange would give a shit about that

[Anonymous No.52277322]

is SBF only hiring people somehow uglier than him to look better by contrast?

[Anonymous No.52277363]

>>52277109
BTC at 1k-5k can be a reality if they make the announcement.
Holy shit!

[Anonymous No.52277564]

>>52277322
Wasn’t that “chick” Fantom girl? Wait… I don’t remember it’s name, but that was the picture used way before it showed up there.

[Anonymous No.52277600]

>>52277254
If you don't see the seriousness of the situation when an exchange with billions on their balance sheet is willing to pay $30,000 to have $3m immediately rather than next week I'm not sure what to tell you lmao

[Anonymous No.52277613]

>>52277322
They all fit a certain phenotype

[Anonymous No.52277691]

crypto tards, why does this happen to you every month? why is btc going down against the dollar in the time of high inflation? why does it go down so hard against spy/spx too?

if there's nobody to back your nu-money with actual law enforcement, it will just keep happening too.

[Anonymous No.52277705]

they're fighting for their lives to make $22 hold. lol

[Anonymous No.52277721]

>>52277691
the entire worlds markets are taking a shit, crypto is just one shitty corner of it

[Anonymous No.52277791]

>>52277613
lmao this
To keep it in the club you kinda have to settle in the looks department.

[Anonymous No.52277835]

>>52277705
Liquidation watch
https://www.binance.com/en/trade/FTT_BUSD?theme=dark&type=spot
When will they liquidate
>21 bucks
>20 bucks?
I think 20 bucks, Autists like numbers like that.

[Anonymous No.52277972]

>>52277835
it would make sense to have a 10% buffer over your liquidation price to avoid getting wicked, so the fact that they are defending $22 so vehemently makes me think that $20 is probably it

[Anonymous No.52278287]

>>52277972
next support is at $8. illiquid shitcoins cant be trusted

[Anonymous No.52278326]

>>52277564
No. Caroline doesn’t post here. That was some retarded tranny who probably killed themself

[Anonymous No.52278350]

>>52277600
We can all assume that you’re an ignorant nigger that’s for sure.

[Anonymous No.52278375]

>>52278287
when it reaches their liq price it’s over for the token. the market cap is less than $3 billion. they would likely have to liquidate more than a billion dollars worth of ftt to pay back lenders. imagine selling for $1 billion or more on an illiquid shitcoin with a $2.8 billion market cap. that is game over

[Anonymous No.52278507]

I knew it since january

[Anonymous No.52278607]

>>52278350
>1pbtid
God this board is full of the impoverished dregs of society now

[Anonymous No.52278615]

>>52277109
>Serum tokenomics

[Anonymous No.52278638]

>>52278615
guess few Ms should be rounded

[Anonymous No.52278654]

>>52277109
What is 20e withdraw fee?

[Anonymous No.52278666]

>>52278654
Ahh ETH. I'm retarded

[Anonymous No.52278673]

>>52278654
20 effereums
they are so poor that they are liquidating all their assets regarding of gas cost, keep in mind that Cexes as masters of MEV, avoiding gas fees by running their own nodes / validators and extracting as much as they can from withdrawals. so yeah, its THAT fucked.

[Anonymous No.52278699]

How the fuck did they run out of capital? I thought they were among the biggest players?

[Anonymous No.52278721]

>>52277322
they only hire jews

[Anonymous No.52278722]

>>52278699
Last dominoes to fall.
The game of musical chairs is nearly over

[Anonymous No.52278741]

>>52278699
just like 3ac and celcius kek
memes aside, they funded a whole fucking phone for solana, and Billions (read that again: BILLIONS) in the past 4 US elections. They got cocky and their achilles heel was FTX valuation, CZ is just exploiting that

[Anonymous No.52278774]

>>52278699
>coindesk report comes out. shows that they have billions in loans with fucking ftt as collateral
>cz decides to sell his share of ftt while implying that the revelations of ftt backed capital is similar to luna
>people begin to realize that if ftt drops too far they will get margin called and ftt would collapse
>people scared that ftt collapse means ftx collapse. everyone pulls their money off ftx
>alameda starts pulling out of defi protocols and starts unloading huge amounts of alts to get money to keep ftt from imploding
thats the basic gist of it

[Anonymous No.52278841]

>>52277972
They don’t need to worry about wicks. Their creditors don’t know their exact situation, just like you don’t know their “liquidation price”. They’ll gamble to try to get back in the black.

[Anonymous No.52278903]

>>52278841
what the fuck are you talking about? you dont think lenders know how to read a chart? in contracts where an asset is put up as collateral for a loan, a price is specified. if the collateral reaches that price, the debtor is obligated to liquidate the collateral and secure the lenders capital. if the debtor failed to do so then the lender would go to court and force the liquidation. is this board full of teenagers or something?

[Anonymous No.52278922]

>>52277184
No dummy, AIDS squared

[Anonymous No.52278926]

>>52278903
big Cz gonna unload his 500mill ftt bag and send sam to the grave. right now he's just bleeding him try for whatever he can scramble together, but cz is sitting on a fucking nuke

[Anonymous No.52278955]

>>52278903
yeah anon, they will slowly sell to extract as much value as they can from FTX, then nuke it when he runs out of funds
>"but he cant run out of funds, he has an exchange"
thats why everything is public on twitter, so people help drain the CEX.

[Anonymous No.52278965]

>>52278955
>>52278926
Is it confirmed CZ hasn’t dumped it yet? What is he waiting for?

[Anonymous No.52278972]

>>52278903
It won’t autoliquidate. They’ll ask for more FTT to be put up, or other assets. And remember, jews are running this company. You can expect they’re pledging the same assets to multiple creditors.

[Anonymous No.52278986]

>>52278965
I dont think he has dumped, because the volume is too low for that with this lack of volatily

[Anonymous No.52278988]

>>52277146
seconded

[Anonymous No.52278996]

>>52278965
the transfer of the 500m worht of ftt was sent to binance yesterday. Cz tweeted that they would gradually sell the stack over months to minimize market impact, but that's a constant pressure on ftt for fucking months on end, and if ftx actually has a margin call on ftt, they'll die trying to keep it up, all while cz could just send it to 0 in click

[Anonymous No.52278998]

>>52278986
So to understand this, he’s waiting for Sam to liquidate his Alts to back up the money with?

[Anonymous No.52279007]

>>52278998
Probably, by letting this run for hours, more and more people will exit FTT in masse, and they will try to defend the peg of FTT of 22$, then strike a blow. Remember luna didnt go to 0 overnight even tho the ponzi stopped functioning.

[Anonymous No.52279015]

>>52278998
instead of using his big sell button at once, he's bleeding sam dry, taking his customers and eventually exposing sam for the jew scheme he's running when he cant pay his customers back

[Anonymous No.52279019]

>>52279007
Holy shit, I hope he doesn’t show mercy

[Anonymous No.52279022]

So how does one short FTX?

[Anonymous No.52279031]

>>52278965
He said he would dump slowly over several months. Probably doesnt want to be seen as the one responsible in the event that ftx goes bust

[Anonymous No.52279038]

>>52279022
Short Solana and ftt

[Anonymous No.52279052]

Remember that he might scamwick FTT to grab all the money from people shorting too, i unironically dont go full retard shorting or longing this shitcoin, just enjoy the show and hope it doesnt rekt your favorite shitcoins in the process

[Anonymous No.52279093]

>>52279052
not going to close my sol short for a long time. opened an ftt short on a scam pump and will leave it open until it’s either liquidated or the price collapses. if the ftt short gets liquidated it will be because they dumped sol to pump ftt so i’m in profit no matter what happens

[Anonymous No.52279162]

FTX reddit is nothing but threads about the duration of withdrawals kek.
https://www.reddit.com/r/FTX_Official/
They are literally doing a crypto run but at the same time are defending FTX. Why aren't they keeping their crypto in FTX then?

[Anonymous No.52279188]

>>52277130
>>52277229
based milady chads

[Anonymous No.52279198]

>>52279162
>They are literally doing a crypto run but at the same time are defending FTX. Why aren't they keeping their crypto in FTX then?
Dont want to raise panic until they personally have their withdrawal processed and in their bank account kek

[Anonymous No.52279248]

>>52277109
There is zero conclusive evidence that "Alameda is bankrupt". Next time provide indisputable proof before you cast aspersions on such a reputable firm.

[Anonymous No.52279275]

>>52277109
They will get a bailout from Blackrock if it gets bad enough, this will cause everyone shorting FTT and SOL to get liquidated.

[Anonymous No.52279277]

>>52279248
Yeah, you don’t sound like a paid shill at all

[Anonymous No.52279283]

>>52277109
This will be obviously horrible for the short term but great for the long term. I don’t care if we nuke to 10k but also wipe out the slimiest rat in crypto

[Anonymous No.52279305]

>>52277691
there is inflation but there is a rush to the dollar right now fund liabilities. most debt, including sovereign debt is denominated in USD and assets/income are in economies/currencies shittier than the dollar. at some point this will reverse, and crypto, specifically btc, will pump violently just like most assets and commodities.

[Anonymous No.52279400]

>>52278903

Thank lord for the retard that got you into answering. I have finally understood losns and all that. Ty

[Anonymous No.52279412]

>>52277109
sam said they are fine

[Anonymous No.52279526]

>>52279412
Oh, the guy who stands to lose everything said they were fine? That’s nice

[Anonymous No.52279543]

Sam definitely hired a few jeets to market buy every time his shitcoin touches 22$

[Anonymous No.52279557]

>>52279412
so did celsius and luna, and then they collapsed shortly after

[Anonymous No.52279574]

>>52279543
caroline was so stupid for letting everyone know that 22 was their floor price. all the other sharks realized there was blood in the water and that breaking 20-22 would break ftx

[Anonymous No.52279597]

>>52277600
30k is chump change

[Anonymous No.52279648]

>>52279543
and every time it drop below 22, Solana drops with it kek.

[Anonymous No.52279661]

>>52279648
It's like watching UST/LUNA half a year ago.

[Anonymous No.52279675]

>>52277211
That comes last for the final annihilation of the crypto space.

[Anonymous No.52279678]

>>52277254
Speaks like a retarded zoomer.

[Anonymous No.52279690]

i will gladly watch my folio nuke in the short term if it means the market gets rid of this cancer

[Anonymous No.52279732]

Oh no someone should invent something pegged to the dollar that we can move into. Anyways get your hedges ready cuz once the crypto market tanks stocks are short will need additional collateral or force margin calls so if you have a couple XXX stacks of something shorted with high volumes of collateralized shorts maybe something a lil hidden by swaps you should be comfy

[Anonymous No.52279753]

>>52277109
It doesn't matter. Alameda was just a vehicle for FTX to arbitrage scam wicks across any exchange with enough meat on the bone to butcher.

[Anonymous No.52279766]

>>52277227
/biz/ was created because bitcoin discussion was polluting /g/, dumdum

[Anonymous No.52279784]

>>52279753
breh, ftx isn't looking so good either. people are taking their money and running away due to fears of alameda and ftt collapsing

[Anonymous No.52279827]

If it were up to me id just dump the whole thing. Market be damned.

[Anonymous No.52279839]

>>52278721
of course they do, they are pretty much funded by blackrock and is the jewish crypto play

[Anonymous No.52279857]

>>52278774
>Obviously we have holdings outside of that balance sheet ;)

[Anonymous No.52279901]

>>52279827
he'd be labeled as the literal hitler of crypto by doing that. bleeding sam dry and making his customers flee is the wise chineseman choice

[Anonymous No.52279918]

I hope that they can kill FTX

[Anonymous No.52279925]

>>52279784
As an advocate of regulating crypto into the ground, Bankman has a blank check from Yellen to do whatever the fuck he wants.

[Anonymous No.52279937]

>>52279031
He probably already dumped

[Anonymous No.52279995]

>>52279925
Everyone and their fucking Grandma knew about the kimchee premium. Imagining even for a moment that Sam figured something out noone else did and that's why he's got billions to throw around is the highest form of fucking fantasy. He is anointed to run crypto into the hands of the banking cartel and anyone who uses his facsimile of bitmex (who got ass gaped by feds for doing the exact same business) is delusional or retarded.

[Anonymous No.52280005]

>>52279925
Wtf does being an 'advocate' even mean in actuality? He doesn't hold any actual power and he's probably the most hated figure in crypto right now and that's saying something since this space is such a fucking cesspool of low lifes.

[Anonymous No.52280031]

>>52279901
If it means purging the space of this rat i wouldnt care about such a title. Its not even a jew thing either. He has been nothing but been a liability.

[Anonymous No.52280039]

>>52279995
How the fuck did he get a Korean to do the trades?

[Anonymous No.52280056]

>>52280005
he’s showering politicians with money. that is why they give him the time of day while ignoring most others. his mom taught him how politics really works

[Anonymous No.52280076]

>>52280005
“Advocate” means he is in Washington DC’s ear. Also, you spend too much time online if you think normies (i.e. voters) know who SBF is or his reputation. Some of the hipper ones might recognize him as “le quirky crypto boy genius.” The bottom line is banking cartel anointed SBF to direct policymakers on crypto regulation; CZ alluded to this in one of his tweets about a competitor “making deals behind their back.”

[Anonymous No.52280079]

>>52280005
He never paid his fucking dues. His blockchain was a centralized piece of shit from the start. And he advocates for destroying the crypto community that he preys upon with onerous regs. He's a bootlicker that got a free pass where others who came before him had to eat millions in lawyer fees just to operate the exact same enterprise. I'm not a fan CZ's anticompetitive practices either but Sam, by either nepotism or selling out completely, is on par with Vitalik as far being simply a front man for the destruction of that which bitcoin created.

[Anonymous No.52280090]

>>52277972
>10%
>safe for a wick

[Anonymous No.52280101]

>>52280076
Sam gets plastered all over normie press like like some kind of visionary. He's got sycophants pushing his bullshit on Elon like he ever did anything besides getting away with shit everyone else gets nailed to the wall by feds for.

[Anonymous No.52280133]

>>52280090
Works with deep enough pockets. Just open the FTT chart and look all the way back to the may 2021 crash. Every crash they have been there to absorb tokens at $22 and making sure it didnt go to $20. They own like 95% of shit shitcoin so nobody else is buying

[Anonymous No.52280181]

>>52279198
maybe those are the instruction from its (((benefactors))). Save platform and re capitalize it with fed money

[Anonymous No.52280226]

>>52280101
Yes, like I said some of the more in touch normies recognize him from the puff pieces but again it is only a small subset because the average person does not consume crypto related media at all.

[Anonymous No.52280227]

>>52280181
Definitely a lot of paid shills on /biz/ these last two days. Like who the fuck comes out of the woodwork and spends hours of their time aggressively defending a fucking crypto hedge fund notorious for fleecing retail and that they dont have a stake in?

[Anonymous No.52280375]

>>52280227
>the gentiles began to notice

[Anonymous No.52280547]

>>52278350
>>52279597
The point is that a supposedly multi-billion dollar fund was badly in need of 3 mil. Imagine a guy telling everyone he's rich but then he does a cash advance on his credit card to pay for something. It's an obvious red flag.

[Anonymous No.52280551]

holy fuck it's actually going to $10 TONIGHT

[Anonymous No.52280567]

>>52280551
It’s happening
Lmaoo

[Anonymous No.52280572]

LOOK AT FTT, AAAAAAAAAAAAAAAAAA

[Anonymous No.52280607]

it's over

[Anonymous No.52280623]

OH NO NO NO NO

SAY GOOD NIGHT SAMMY BOY

[Anonymous No.52280635]

AAAAAAAAAAA IM AFK AND HAVE NO IDEA IF MY SHORT IS IN

BYBIT PLS

[Anonymous No.52280671]

>>52280227
Who spends their own time posting about an exchange who is supposedly about to collapse on its own anyway? Just don't talk about it.

[Anonymous No.52280715]

>>52280623

[Anonymous No.52281006]

>>52280623
COOOOOOOOM

[Anonymous No.52281333]

>>52280227
They got money for doing so. Hope they got paid in advance.

[Anonymous No.52281339]

>>52280101
Gentle reminder that FTT lost it's peg immediately after I posted this.

[Anonymous No.52281370]

>>52277109
finally no more 2 weeks

[Anonymous No.52282014]

>>52277322
have the real one anon

[Anonymous No.52282139]

>>52281333
They're too desperate to be shills. They still have to reconcile all the wbtc they minted with zero backing. That's what cz is pissed about.

[Anonymous No.52282180]

We fucking DID IT, REEFBROS!

[Anonymous No.52282200]

>>52282139
SBF threw a grenade in CZ's lap and CZ just tossed it back.

[Anonymous No.52282434]

>>52277229
I'm going to buy one of these in the depths of capitulation. What traits should I look for besides being sexually attracted to it

[Anonymous No.52282466]

i never even heard of this crypto till now

[Anonymous No.52282482]

Jeez Louise

[Anonymous No.52282579]

>>52279412
>Deploying more capital. Steady now.

[Anonymous No.52282609]

>>52279574
Yeah why the fuck did she tweet that at CZ? It just reeked of desperation