/biz/ - Business & Finance

[Anonymous No.54032919]

90 CENTS 90 CENTS 90 CENTS 90 CENTS 90 CENTS 90 CENTS 90 CENTS 90 CENTS 90 CENTS 90 CENTS 90 CENTS 90 CENTS 90 CENTS 90 CENTS 90 CENTS 90 CENTS 90 CENTS 90 CENTS 90 CENTS 90 CENTS 90 CENTS 90 CENTS 90 CENTS 90 CENTS 90 CENTS 90 CENTS 90 CENTS 90 CENTS 90 CENTS 90 CENTS 90 CENTS 90 CENTS 90 CENTS 90 CENTS 90 CENTS 90 CENTS 90 CENTS 90 CENTS 90 CENTS 90 CENTS

[Anonymous No.54032955]

no refunds

[Anonymous No.54032974]

It hit 88c briefly

God I'm praying for those anons who won't find out about this until they wake up in the morning.

[Anonymous No.54032990]

87 cents and going straight down

[Anonymous No.54033002]

>>54032990
christ, just a few seconds ago it was 93

[Anonymous No.54033006]

>>54032919
Circle is encouraging this. They can buy back their own USDC at a discount, covering the hole in their balance sheet from retarded panic sellers.

[Anonymous No.54033013]

>>54032919
Get fukt
>not a single dime in usdc. All assets on cold storage. GGs

[Anonymous No.54033015]

>>54032990
85 now

[Anonymous No.54033020]

82 and falling

[Anonymous No.54033023]

84 FUCKING CENTS

FREE FALLING NOW

[Anonymous No.54033025]

>>54032919
0.88

[Anonymous No.54033035]

So how is this not literally free money?

[Anonymous No.54033039]

>>54033013
Looks like i moved everything to cold storage just in time

[Anonymous No.54033044]

Stop trolling you fucking retards

[Anonymous No.54033048]

>>54033035
it's either literally free money or you lose everything. roll the dice

[Anonymous No.54033049]

>>54033035
its going to 0
>but its collater-
lol

[Anonymous No.54033051]

>>54033035
if you're shorting it to 0, absolutely

[Anonymous No.54033054]

>>54032974
I'm praying they fucking neck.
So many chances I gave you stupid faggots testing your spirits.
Three years you guys failed.

Now you die.

[Anonymous No.54033066]

its fucking over

[Anonymous No.54033069]

THIS IS NOW A .75 WAITING ROOM OOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO

[Anonymous No.54033070]

I have over 100k in usdc

Fuck my life to pieces

[Anonymous No.54033071]

>>54033035
people are likely just scared. worst case scenario usdc lost a small portion of its reserves. or maybe more bank runs are coming. maybe this is 2008. either way retail plebs will be the last to know.

[Anonymous No.54033074]

thank god i sold mine at 0.98 and i thought i was paranoid

[Anonymous No.54033095]

Lmao retards are panic selling and wiping out their entire savings. This is bullish in the long run

[Anonymous No.54033104]

A 69 CENT USDC JUST FLEW OVER MY HOUSE

[Anonymous No.54033110]

But you told me it's safe, how is it possible

[Anonymous No.54033115]

>>54033035
Exactly what retards like KSI thought when this happened to LUNC/UST and you retards are making the same mistake again BAKA

[Anonymous No.54033116]

>>54033070
Fuckin kek

[Anonymous No.54033124]

should I buy 250 dollars of this

[Anonymous No.54033130]

>>54033110
everything making sense now?

[Anonymous No.54033139]

>>54032919
oof!

[Anonymous No.54033141]

>>54033070
https://youtu.be/H1UyTNbGc8M
FUCKING YIKES

[Anonymous No.54033146]

FUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUCK

[Anonymous No.54033152]

>>54033130
And again low iq nu pol is psyoped.

[Anonymous No.54033154]

>>54033006
Now this schizo theory I want to hear more about.

[Anonymous No.54033171]

>>54032919
Ok, so what does this mean? Even if it goes to zero, how does that affect the larger economy?

[Anonymous No.54033174]

>>54033070
Uniswap says you can buy 60 Ethereum with it so 600k in the bullrun
Damn i wish i was you i would buy and forget

[Anonymous No.54033179]

>>54032919
BUSD AND TETHER CHADS REPORT IN

[Anonymous No.54033187]

>>54033070
I'm thinking lol, maybe lmao even

[Anonymous No.54033189]

>0.54
It's over

[Anonymous No.54033191]

>>54033070
So why are you posting here instead of exchanging it asap retard?

[Anonymous No.54033196]

What’s the point of anyone exposing themselves when the only upside is 10% and the risk is -100%?

[Anonymous No.54033200]

>>54033174
I'm going to hold off for a bit, a 3.2 Billion loss on ,40Billion means we're still backed to $0.92

I'll let it stabilise around 0.95 and right off my loss there

[Anonymous No.54033204]

>>54033070
over 80k**

* and falling

[Anonymous No.54033215]

>>54033152
>pol
rent free kek

[Anonymous No.54033230]

>>54033196
if probability of circle failing is less than ~9% then you win.
if you feel adventurous you can use leverage

[Anonymous No.54033232]

>>54033171
it consolidates stablecoins around fewer participants

-ALL- stables are unbacked magic funny money, the fact that Tether didnt go first is hilarious, but ultimately if this cascades into full stablecoin apocalypse I guess we get 8-12k BTC cheapies is what you're asking right.

[Anonymous No.54033233]

>>54033200
>he thinks the other banks are safe

societal collapse is coming. fucking read zerohedge instead of cnn

[Anonymous No.54033242]

>trusting a centralised shitcoin

[Anonymous No.54033246]

ZHONGGUO STRONK
BLOCK BUY ORDER AT $0.8888

[Anonymous No.54033250]

>>54033215
Because you get psyoped by every two more weeks bullshit
>>54033191
>Panic

[Anonymous No.54033254]

>>54033233
The time to sell was 2 hours ago. Now's everyone's in a panic. We will see how it goes in a few hours.

I've lost $20k but my NW is still high 6 figures so I'll live.

[Anonymous No.54033256]

>>54032919
>they just revoked my N word pass

It's over.

[Anonymous No.54033258]

>>54033232
On the contrary. Most of the funds will go into coins instead of stableshit

[Anonymous No.54033280]

>>54033250
>seething so hard he needs to bring pol everywhere like a passive aggressive little bitch
>>>/reddit/

[Anonymous No.54033283]

>>54032919
>Had a few hundred bucks of these Mickey Mouse Playhouse goycoins on decentralized wallet
>Couple hours ago hear about this and decide dumping the shitcoins is smarter than hoping to save $50 on gas and realized losses from usdc dumping in the event usdc recovers
>Swap that shit to ETH
>Get to watch this train wreck that I'm no longer involved in

[Anonymous No.54033295]

>>54033280
Dude i was on pol myself long time ago its just the new pol.

[Anonymous No.54033308]

>>54032919
what a fucking scam, no matter how coinbase did in the bull market this piece of shit never mooned, but now they're struggling and it crashes
why the fuck aren't goyim allowed to make money?

[Anonymous No.54033314]

88
We're fucked

[Anonymous No.54033322]

>>54033295
>X

[Anonymous No.54033334]

>>54033308
Cause white men will overthrow the government the instant they help each other.

[Anonymous No.54033347]

I just bought. this will be the easiest gain of my life when it repegs eventually

[Anonymous No.54033350]

>>54033152
>>54033250
>>54033295
let me guess, its only straight white men that made these stable coins? You've enlightened me anon. I'm going to donate all my crypto profits to ukraine and isreal right now

[Anonymous No.54033368]

Can I short this on kucoin?

[Anonymous No.54033376]

>>54032919
on its way to 50 cent

[Anonymous No.54033379]

AIEEEEEEEEEE

[Anonymous No.54033385]

this is getting bad

[Anonymous No.54033388]

>>54033314
well it was at 83 earlier

[Anonymous No.54033411]

Get in AMPL lads, it was built for this purpose

[Anonymous No.54033419]

>>54033322
>>54033350
Dont buy stables just hold Eth/Btc
Bitcoin was made for this. All that i heared from pol side was muh collpase buy stabels

[Anonymous No.54033439]

>>54033035
Backed stablecoins are bound to get a big failure but so far even tether has recovered from depegs, so yeah if it's just as it was in the past then its free money

[Anonymous No.54033438]

>>54033419
ahh I see
>>54033246
already broken, .79 soon

[Anonymous No.54033480]

I have all by funds in trust wallet USDC. What should I do? Honest question. Just wait it out or swap to what coin?

[Anonymous No.54033509]

I sold $300k in USDC on Robinhood for $300k today. It's one way to get out, USDC anons

[Anonymous No.54033529]

>>54033439
Circle actually has incentive to keep it depegged if they can just buy it back up themselves and repeg on Monday when Coinbase stops fucking with withdrawals. Imagine generating 10-25% profit on each $.75 you buy before bringing it back to peg.

>>54033480
USDC most likely isn't going to 0, but it will go lower until the fog clears on Monday.

[Anonymous No.54033547]

>>54032919
does this affect the buying power of the physical dollar or is this just a crypto thing

[Anonymous No.54033551]

>>54033509
>I sold $300k in USDC on Robinhood for $300k today. It's one way to get out, USDC anons
Looks like they halted trading and it's no longer 1-1.
gg

[Anonymous No.54033560]

Imma gonna eat my neighbor, nannynana na....BUY RUBLES NOW

[Anonymous No.54033566]

>>54033547
Just a crypto thing. Unless what's causing this depeg ultimately results in another banking crisis later on.

[Anonymous No.54033578]

can someone post the picture with an ATM saying that internet money isn't real and to get a job to a pink wojak

[Anonymous No.54033589]

>>54033035
Gas fees in swaps and transfers will eat any chance you have at making a profit. Unless you have hundreds of thousands you dont mind moving around.

All of /biz/ should be taking this opportunity seeing how you're all multi trillionaires and not just LARPing atreet shitters

[Anonymous No.54033594]

>>54033566
USD DEATH SPIRAL

[Anonymous No.54033604]

>>54033529
And who’s gonna buy it? Good luck with that

[Anonymous No.54033616]

>>54033594
It’s ogre. It’s ogre

[Anonymous No.54033639]

>>54033547

[Anonymous No.54033659]

IF FED BAILS OUT ON MONDAY, THAT WILL SET OFF A GLOBAL CONTAGION AND WILL NOT FIX THE PROBLEM...ITS EITHER USD AND USA GOES DOWN, OR USA TAKES EVERYONE WITH...SO, SORRY YANKEE JOE, IT'S BEEN NICE,LOVE YA....BUT BUH BYE

[Anonymous No.54033668]

>>54033604
It's free money for arbitrageurs, knowing they can exchange 1 USDC for $1 again.

[Anonymous No.54033717]

Britbong reporting in. Just woke up and what the actually fuck is going on. Have I actually just lost 12% overnight? What should I do bros? Sell at a massive loss or wait until things go back up?

[Anonymous No.54033719]

>>54033668
you don't seem to get the gravity of the situation....usa has no money, never has, usa has the psychologically manipulated population that thinks it does...usdc=0 usd=0, dumped like a ton of brics

[Anonymous No.54033772]

>>54033717
Damn what a hell of a thing to wake up to

[Anonymous No.54033780]

>>54032919
I am unironically ruined

[Anonymous No.54033783]

>>54033717
Give me your money nigger you owe me for your countries bullshit.

[Anonymous No.54033796]

>>54033717
Option 1: Hope it doesn't go to 0 and maybe rewarded with your 10% back
Option 2: Take a 10% loss and swap that shit to Eth right now

[Anonymous No.54033806]

Get fucked.

[Anonymous No.54033809]

>>54033780
It's already going back to 1.

[Anonymous No.54033817]

>>54033529
Wort time for it to happen, ofc. It seems opponents can only hurt it short term. I will wait it out, I don't think I can lose a HUGE percentage in the long run. It's backed to some decent degree, so no reason to anhero.

[Anonymous No.54033820]

>>54032919
I am here from other boards.

How much is USDC tied to USD?
I am a little scared.

[Anonymous No.54033832]

>>54033772
For fucks sake, you stupid fucks said Coinbase and USDC was safe.

[Anonymous No.54033848]

>>54033832
Hahah you trusted american jews.

[Anonymous No.54033849]

There will be a tidal wave of stablecoin money moving back into the reliables like BTC and ETH, and as people like >>54033717 wake up it will happen in a few hours. Buy BTC

[Anonymous No.54033857]

>>54033717
It will repeg by Monday

[Anonymous No.54033858]

>>54033820
If the US economy gets seriously fucked up, think of this as the commercials before the big show.
>>54033566

[Anonymous No.54033863]

>>54033717
See
>>54032974

[Anonymous No.54033866]

>>54033820
Your shit fiat bills are unaffected by this and will continue losing around 10% value this year on their own due to inflation you financially clueless subhuman, get out of here or lurk more

[Anonymous No.54033867]

>>54033857
I'm sure that's what they said about luna

[Anonymous No.54033870]

>>54032919
>stable coin
Very stable bro. USDT was supposed to be the scam, this was supposed to be good.

[Anonymous No.54033886]

>>54033857
>>54033867
How much do they owe? can they pay it up without liquidating? I'm sure they can't liquidate due to some bullshit with the contract.

[Anonymous No.54033894]

HAHAHAHHAHAHAHA I GOT 1 FREE FROM ROBINHOOD. NOW ITS 0.87 DESPITE THEM TALKING ABOUT HOW STABLE IT IS AND WKULD ONLY EVER BE 1.0

[Anonymous No.54033901]

That's so interesting. When the last round of USDT fud came around I had everything in USDC and had no issues about it, I defended USDC for obvious reasons. At some point for no apparent reason I changed all to USDT and just kept going on with my life.
It's crazy how I keep avoiding all the issues that arise. No FTX exposure, no Celsius exposure, no USDC exposure no LUNA exposure, bought ICP close to the top but something made me sell after a -10% etc. It's like I'm walking a straight line in a minefield and I'm somehow avoiding any harm yet everyone doing the same around me is getting blown to pieces.
Am I some kind of savant or something?

[Anonymous No.54033911]

>>54033849
>reliables like BTC and ETH
nigga that shit is crashing too
if anything they'll cash out into their imaginary bong money

[Anonymous No.54033932]

Fuck this crab dumping piece of shit coin. Going down faster than you can say Larry Fink

[Anonymous No.54033943]

>>54033901
Based, same here except I lost a few fingers from an explosion during Blockfi when I let my guard down

[Anonymous No.54033957]

>>54033848
same difference....merika is a big fat smelly jew, it needs to be gassed and sent to the oven

[Anonymous No.54033968]

>>54032919
Wait a second... I thought fiat money like dollars and cents were worthless... Did cryptofags lie to us????

[Anonymous No.54033994]

Theme song
https://www.youtube.com/watch?v=QqjRo8Etmzg

[Anonymous No.54034011]

fiat made up money was not bad enough for you so you had to create another layer of ponzi with imaginary internet coins around it.
You must be bestest of goys if you bought USDC

[Anonymous No.54034016]

>>54032919
is this going to recover or not

[Anonymous No.54034025]

>>54033866
Thank.
I didn't know. I am backing out of fiat as fast as is possible.

[Anonymous No.54034034]

>>54034016
Already heading back to 1, probably by monday.

[Anonymous No.54034039]

>>54034011
well we wanted the convenience of transacting this way. unfortunately, it's relying on the word of banksters

[Anonymous No.54034048]

>>54033035
>So how is this not literally free money?
if you have a coinbase account, yes, it's free money
the trick here is catching the bottom and cashing out before they run into trouble from 25% of their backing being gone lol

[Anonymous No.54034054]

https://www.youtube.com/watch?v=ZcWeE3NMeBQ

here kids, its a cartoon, that way you can understand it easier

[Anonymous No.54034056]

>>54034034
its literally still waterfalling

[Anonymous No.54034061]

>>54034034
should I stock up on usd coins

[Anonymous No.54034062]

>>54032919
stable my ass

[Anonymous No.54034065]

dude arbitrage bots are going crazy
I fucking love this

[Anonymous No.54034074]

>>54034048
>have a coinbase account
what does this have to do with it? do you mean if you're holding your usdc on coinbase?

[Anonymous No.54034084]

>>54034061
old pennies bro and morgans

[Anonymous No.54034086]

>>54034056
Was back up to 92 when I last looked.

[Anonymous No.54034094]

Am I retarded for thinking this could be bullish for BTC? If I held one of these stables I’d rather flee to something that might dip but inevitably moon in the future

[Anonymous No.54034116]

>>54034048
you can't buy or sell usdc on coinbase

[Anonymous No.54034120]

>>54034094
Idk, but I just bought two BTC

[Anonymous No.54034123]

>>54032919
easiest profit of my life, literally putting life savings into this right now and selling at $1 ahahahahahaha EASIEST MONEY

[Anonymous No.54034127]

>>54034025
Just don't do anything rash, spend time learning and have some emergency fiat, a few reliable guns and ammo, emergency food like canned meat and vegetables, water filter and stored water
You gotta look after yourself

[Anonymous No.54034129]

Just bought 10 stacks of fat ass for $.90 USDC am I gonna regret it??


****NO FUD

[Anonymous No.54034141]

>>54034054
>worthless

[Anonymous No.54034152]

Stable keks

[Anonymous No.54034167]

>>54034129
>the nanosecond you posted this a candle shot it down to 87
thank you for your service anon

[Anonymous No.54034204]

https://www.youtube.com/watch?v=AG8fugqFn9Q

sleep on the right side

[Anonymous No.54034218]

>>54034167
Cheers /biz/bros. I left the game a long time ago. Too stressful for me but I hope you all make it. If you don't laugh, you'll cry.

[Anonymous No.54034223]

>>54033901
No, you're probably just not playing with any sizeable amount of money so you don't have the normal psychological pressure associated with risk. You basically sound like a larp.

[Anonymous No.54034227]

So is that bald headed coinbase faggot deploying his BTC and keeping the lads steady?

[Anonymous No.54034245]

>>54034123
TOPKEK
Don't forget to send pics here before hanging yourself nigger

[Anonymous No.54034248]

>>54034054
>Watched this stuff when I was a toddler and hardly remember anything
>Just watched this clip with soul and fantastic music
Is it worth going back and watching this?

[Anonymous No.54034294]

How's our little crypto genius doing? Still winning with your bitcoins son?

[Anonymous No.54034302]

>>54034248
its proly worth it , but do you think dad has anymore money in his sock drawer we can swipe for shitcons

[Anonymous No.54034355]

>buy USDC
>Long ETH/USDC pair
>profit
Brainlet here Is this a valid way of profiting off USDC dying or would I get liquidated due to my collateral losing its value? Should I just wait to short the pair instead once/if USDC repegs?

[Anonymous No.54034370]

>>54034355
fake it till you make it

[Anonymous No.54034414]

>>54034227
There is a mechanism for repeg at least since if the price falls low enough Circle could even fully cover their 3.3b liability by buying up enough of the cheap USD with their existing liquidity

[Anonymous No.54034461]

cliff notes version, usdc ain't going back up, what was backing it was in circle, circle was in sbv....here kids, here's 250k to split up

thinking your going to buy in low and it will go back up, I don't think so , the domino has dropped

[Anonymous No.54034476]

just keep dropping the price you retards, bought another $1000 just now

[Anonymous No.54034494]

>>54034414
thats like a mechanism for paying off your credit card with credit cards

[Anonymous No.54034495]

>>54034414
Seems like he's trying to steady the lads by deploying bitcoin.

[Anonymous No.54034522]

>>54034461
I don't have any USDC, DAI, or USDD so this doesn't affect me but from what I'm understanding, only 25% of Circle's funds were in SVB and Eric Swalwell seems to be saying that they want to bailout all the deposits (even those beyond 250k). I kind of think there's a chance for Circle to recover if everyone holds out long enough but who knows. It doesn't affect me either way so I'm happy to knock back some drinks while I watch this dumpster fire burn.

[Anonymous No.54034537]

>>54034476
>plz buy my bags
Even if you're a desperate retard trying to bail out, where can you even buy?

[Anonymous No.54034546]

I remember I applied to Circle for a job a year or so ago
The recruiter sent me a dead link to schedule a time to talk and then ghosted me when I emailed back asking for a working link
Get fucked whore

[Anonymous No.54034568]

>>54034494
It's all random T-bills and stuff, it's not like Circle can't afford it. It's literally locked out of accessing that liquidity because banks are closed on the weekend.

[Anonymous No.54034594]

>>54034537
uniswap sir

[Anonymous No.54034605]

How do i short how can i be a degenerate gsmbler i want to do it with leversge plz i just want to borrow and levarage at x50

[Anonymous No.54034636]

>>54034522
Yeah, I'm 100% btc and I'm comfy just watching.

[Anonymous No.54034642]

>>54034522
Wrong math. USDC reserves total ~$40B, of which $3.3B is stuck at SVB. But it's not like that money is guaranteed used by SVB to hopelessly try to fix its balance sheet - probably it isn't, at least not entirely. It's just a matter of finding out how much of that $3.3B is still available for withdrawal now that the FDIC has taken over.
https://twitter.com/circle/status/1634391505988206592?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet

25% of USDC's TOTAL reserves are in cash, but it's in various banks, not just SVB.

[Anonymous No.54034651]

let the heal begin

[Anonymous No.54034659]

>>54034651
see? back to 1 by monday.

[Anonymous No.54034666]

Bought 10k. Let's see if i get a free $1000 out of this.

[Anonymous No.54034690]

>>54034642
https://twitter.com/circle/status/1634341007306248199
Oh, I see. The news article I read misstated that I guess.

[Anonymous No.54034705]

>>54034011
XMR is the only way. sore pf value and transactions. stable are stable until the are not

[Anonymous No.54034709]

>>54033071
they lost 3.3 billion in svb, out of 44 billion

[Anonymous No.54034718]

>>54034690
It's still very fucked up, and lots can go wrong. I just don't see USDC plummeting to 0 like UST. If it's really over, it would be a gradual failure.

[Anonymous No.54034720]

>>54034666
you will. this is an easy problem to fix

[Anonymous No.54034722]

>>54033179
busd is done bro, only thing left is tether... i'm scared

[Anonymous No.54034746]

I know we are all getting wrecked but Im actually finding this all quite exciting for some reason.

[Anonymous No.54034776]

USDC bros, im feeling sick..

[Anonymous No.54034787]

>>54034722
monero is stable for a non stable coin. stables get the rope

[Anonymous No.54034790]

>>54034776
thanks for playing

[Anonymous No.54034815]

>>54034776
oh boy where have we seen this before.
Fooking wrecked.

[Anonymous No.54034852]

>>54034776
>Robinhood in 2021: it’s for your own good, goy
>Coinbase in 2023d it’s for your own good, goy

[Anonymous No.54034869]

>>54033095
how is this bullish in the long run? are you retarded?

[Anonymous No.54034878]

Dai is down to 0.93 as well

[Anonymous No.54034907]

USDD also depeged

[Anonymous No.54034939]

>>54033849
Why aren't Eth and Btc going up?

[Anonymous No.54034964]

is this an actual happening or am I getting baited again

[Anonymous No.54034981]

>>54034939
they kinda are

[Anonymous No.54034993]

>stables falling left and right
>credible Tether FUD by the WSJ
>banks collapsing
this is all extremely bullish for BTC. There's nowhere else to turn.

[Anonymous No.54035014]

>>54034993
there is no way btc won't eat poop by Monday

[Anonymous No.54035037]

wtf i thought I had my money in USDC but i checked Binance and it was actually BUSD all this time
well that's a relief

[Anonymous No.54035070]

>>54034787
Yeah XMR is weird, on the bright side atomic swaps are a thing for XMR on both ETH and BTC now

[Anonymous No.54035085]

Exactly like LUNA incident, people will buy up thinking it will go back to $1 then the price goes down another 10 cents, next day another 10 cents and before you know it it's not even worth one cent. Get out now if you are holding USDC, you lose 10% but the risk of USDC collapsing is even greater.

[Anonymous No.54035107]

>>54035037
binance converted all usdc to busd some time ago

[Anonymous No.54035118]

>>54035070
XMR is not fucking weird you retards.
These are brainlet comments.

XMR has a stable value because it's used as an ACTUAL CURRENCY to buy REAL GOODS and not other cryptos

[Anonymous No.54035130]

>>54034993
>There's nowhere else to turn.

[Anonymous No.54035137]

>>54035107
wtf i love the chink now

[Anonymous No.54035190]

>>54033832
I guarantee anons laughed at you when you namedrop coinbase

[Anonymous No.54035216]

>>54035070
Bro I'm an XMR maxi the price action is still weird
>verification not required

[Anonymous No.54035240]

>>54034776
Hahahahahhahahaa

Get fucked fiat cucks

[Anonymous No.54035249]

More like circling the drain amirite

[Anonymous No.54035256]

>>54035085
In before aschtually we didnt have 44b we only lost 4b w8 nvm the other 12b where just loans from the first 4b of which now we have 250k

[Anonymous No.54035262]

>>54034907
DAI is partially backed by USDC.
What even is USDD?

[Anonymous No.54035276]

>>54034993
Should I buy usdc
>>54034776

[Anonymous No.54035290]

>>54035216
Meant for >>54035118

[Anonymous No.54035329]

[Anonymous No.54035414]

>>54035262
What even is USDC?

Last month you had $40bn in your house.

Last week, you come home and found all your money gone but a note saying "these 6 guys have your money and if you ever need it, just call me and I'll call them to bring it to you"

Today you woke up and see on the news that 2 of the guys that are supposed to be holding your money and a lot of other peoples' money actually are fraudulent identities. They don't exist and your money is gone.

No issues with that right ?

[Anonymous No.54035470]

>>54034993
True. I sold my USDC for BTC this morning.

[Anonymous No.54035515]

>>54035085
LUNA also had a built-in self destruct mechanism that violently accelerated the collapse to the point it was physically impossible to recover even if the entire market tried to salvage it in unison, this is just a show of hands.

[Anonymous No.54035541]

>>54033035
>So how is this not literally free money?

its not free money if it collapses which it looks like it is

[Anonymous No.54035563]

>>54035470
>True. I sold my USDC for BTC this morning.

bad idea. very very bad idea. you wont be able to turn it back into dollars soon.

[Anonymous No.54035654]

>safest exchange
>conservative leverage
>most cash in bank for backing their operations

>gets rugged by their bank

this is actually hilarious, stacking up on popcorn and waiting for the delicious loss porn

[Anonymous No.54035924]

>>54032919
I just bought a lot of USDC with USD

Thanks for the free 10% return

Think about it, 40B USDC cap, only 3B in SVB(less than 10% already)

SVB is FDIC insured, FDIC has more funds than SVB hole size. Maybe COIN account is over insured limits but i dont think they are going to left them to die, they have already issued promisory notes. Not that the would lose 3B, they will recover something on the dollar even if FDIC doesnt want to fill the gap.

Even if Circle ends up with a gap COIN has 6-7B in cash they could use to plug the hole. USDC is a cash cow now that bonds pay 5%, they are going to keep it alive.

They probably just have problems doing redeemptions on weekends due to Silverbank, Signature and SVB having issues the very same week.
You have to be blind to think is going under

[Anonymous No.54035941]

900k for 1m, easy money?

[Anonymous No.54035983]

>>54035924
Anon...

[Anonymous No.54035987]

>>54032955
God made me check /biz last night, before sleeping, right in the moment the crash begun.

Lost only 15 bucks out of 20k.

[Anonymous No.54036002]

AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

MAKE IT STOP MAKE IT STOP MAKE IT STOP MAKE IT STOP MAKE IT STOP MAKE IT STOP MAKE IT STOP MAKE IT STOP MAKE IT STOP MAKE IT STOP MAKE IT STOP MAKE IT STOP MAKE IT STOP MAKE IT STOP MAKE IT STOP MAKE IT STOP MAKE IT STOP MAKE IT STOP MAKE IT STOP MAKE IT STOP MAKE IT STOP MAKE IT STOP MAKE IT STOP MAKE IT STOP MAKE IT STOP MAKE IT STOP MAKE IT STOP MAKE IT STOP MAKE IT STOP MAKE IT STOP MAKE IT STOP MAKE IT STOP MAKE IT STOP MAKE IT STOP MAKE IT STOP MAKE IT STOP MAKE IT STOP MAKE IT STOP MAKE IT STOP MAKE IT STOP MAKE IT STOP MAKE IT STOP MAKE IT STOP MAKE IT STOP MAKE IT STOP MAKE IT STOP

[Anonymous No.54036051]

>>54035983
Only worried a bit about Signature

rest are Too Big Too Fail

[Anonymous No.54036805]

>>54035924

maximum 10% upside, 100% possible downside. this is your brain on biz

[Anonymous No.54038282]

>>54035924
>SVB is FDIC insured
Saw somewhere that suggested only about 10% is insured, can anyone confirm/deny?

[Anonymous No.54038322]

>>54036805
vitalik boughted though.

[Anonymous No.54038472]

Just woke up to this shit.
2100 USDC, do I just take the L and swap for USDT? God damnit

[Anonymous No.54038580]

>>54038472
Swap, nigger. Then cry when it goes back to 1.10$

[Anonymous No.54038632]

There's no way I'm this lucky right now. I went massively long on ETH using AAVE a few months ago. And I borrowed USDC to do it. So basically if USDC collapses I get this ETH for free?

[Anonymous No.54038671]

Just lost a shitload of money and still have 20k usdc on dydx... I saw this shit at 99c but was out of town and got back late last night at 95c and hopes things would be better this morning...

[Anonymous No.54038736]

>>54035924
>SVB is FDIC insured
Up to 250k/account
Do you think Circle only kept 250k at SVB?

[Anonymous No.54038769]

>>54038671
I lost like 20K too =/
I have a feeling it will recover tho.
And Tether will crash.
But honestly this has proven your money is not even safe in the bank.
I don't even know where to put it in this point.

[Anonymous No.54038776]

>>54032919
>The great financial banking and fintech collapse
>tether may somehow be the only stable coin that survives
lmao.

[Anonymous No.54038814]

>>54038322
$50k
KEK

[Anonymous No.54038889]

>>54038632
>o basically if USDC collapses I get this ETH for free?
Sort of. You may owe pennies on it to technically unlock the loan on AAVE but yes your debt is decreasing. Thats what happened to portaled UST luna on AAVE. You got free money basically since the debt side blew up.

[Anonymous No.54038898]

>>54038769
man I am a fucking ontario leaf too, dydx is the only futures exchange I can trade on and they only use usdc, I got completely fucked again. Last night 1 usdc was worth 1.38CAD, now its 1.24CAD, and I converted to USDC at around 1.28. Such fucking bullshit.

[Anonymous No.54038905]

>>54038898
>ON pajeet crying

Good.

[Anonymous No.54038941]

>>54038769
If only there were some physical store of value that has been used as currency since the dawn of human civilization.

[Anonymous No.54038957]

>>54033232
Lmfao only 12k? Bro if stables got annihilated, BTC is going back to 8k or 5k. Either that OR alts get fucking RAPED.

[Anonymous No.54038964]

it's repegging
those who sold at 8Xc are at loss

[Anonymous No.54038976]

>>54032919
the funniest part is all the retards in denial, acting all smug like
>y-your gonna regret not buying guys, i-it can't fail, just a t-temporary liquidity crisis
like this shit hasn't happened twice already just last year
god I love seeing copers get what they deserve and just stop showing up

[Anonymous No.54039031]

>>54038964
The only pegging thats about to happen is the pegging im gonna do to your bussy.

[Anonymous No.54039072]

>>54033901
How much money are you putting down? A measly 3k?

[Anonymous No.54039074]

>>54032919
QRD on why BUSD being fucked ?

[Anonymous No.54039115]

>>54034546
You should email her back saying exactly that. You won’t.

[Anonymous No.54039153]

>>54038964
>i-its repegging bros, HOLD.
>wait wait wait DO NOT REDEEM.

[Anonymous No.54039235]

>>54039074
Because pappa powpow said fuck your globohomo ponzi. Simple as.

[Anonymous No.54039271]

>>54039235
>Pappa Pow
Kek

[Anonymous No.54039298]

>>54032919
Should I buy it?

[Anonymous No.54039339]

>>54038282
Only individuals are insured up to $250k. A lot of Silicon Valley startups are getting rekt.

[Anonymous No.54039476]

>>54033832
>he trusted jews with his money

[Anonymous No.54039519]

>>54038964
>it's repegging
>those who sold at 8Xc are at loss

it isnt really. its staying just above 90 cents which it will do until all the dollars are gone and it goes to zero.

[Anonymous No.54039667]

>>54039298
You should short

[Anonymous No.54039782]

Cash is king. Good luck if you want to try to hold the bag with the whole situation under development. Just remember to keep your cash savings below the insurance limit and avoid 2nd tier banks

[Anonymous No.54039785]

You retards are going to regret not buying. I just dumped 100k into USDC. There's no way it goes to zero. If it did, Crypto would basically die which is never going to happen.

[Anonymous No.54039816]

>>54032919
>he cashed out and did not hold through the crypto winter
maxi chads win once again

[Anonymous No.54039853]

>>54039785
Post the proof or post your feminine penis. Or you can post your jew hat, either or.

[Anonymous No.54039919]

>>54033232
How exactly will you buy a Bitcoin?

[Anonymous No.54039936]

If all stables implode can there be a bullrun lol?

[Anonymous No.54039964]

>literally nothing happens once again
fucking yawn

[Anonymous No.54040031]

>>54039919
You can buy crypto with fiat on some exchanges

[Anonymous No.54040137]

>>54033547
How are you this dumb?

[Anonymous No.54040258]

chainlink's proof of reserve unironically fixes this
there would be far less hysteria and speculatory movements if there was a reliable and unbiased way to know much collateral each stablecoin has

much like defi exploits basically forced 90% of the scene to adopt chainlink price feeds, incidents like this will also increase the demand for chainlink proof of reserve

and if usdc (and the other stables) are indeed insolvent... it will be a shitstorm, but it will serve to remind people that "trust" isn't the way to go and that we already have methods to minimize it, relying on proof and code instead to know the truth
companies saying "dude it's secured trust us bro we wouldn't lie" just wouldn't do it anymore, especially when alternatives are already here
trustlessness is all chainlink is about

[Anonymous No.54041866]

>>54040258
Sirgay will dump tokens to pay for it so Link Holders will end up losing even more money.

[Anonymous No.54041923]

>>54040258
PoR wouldn't have prevented this. The issue here is that USDC had reserve deposits with a bank went bankrupt, not that they didn't have reserves.

[Anonymous No.54041963]

>>54032919
Hail to the king baby
Thats what you get for messin' with

[Anonymous No.54041993]

>>54041963
>my ponzi scam is better than yours
God I cant wait for tetherfags to get what they deserve

[Anonymous No.54042285]

>>54041923
Any fiat backed coin can always rug pull its called printing more

Call me when PoW declares insolvency

[Ayyy No.54042625]

Missed this ez long gg

[Anonymous No.54042650]

95 CENTS. THANKS FOR PLAYING PANICKING POORFAGS

[Anonymous No.54042756]

2 Billionish redeemed in 24 hours.
The winner is Circle, anybody with banking relationship to Circle, and chads that know basic math.

[Anonymous No.54042783]

>>54042756
Oop screencap

[Anonymous No.54042816]

>>54042650
Oh awesome, the """stable""" coins that your entire retarded system of magic internet tokens revolves around only became unstable for one day.

Can't believe there are still retards playing in this sandbox now that the era of easy money is over.

Crypto is NOTHING MORE than a speculative gambling token to be used when interest rates are at or near zero, and the banking system is raining free money from heaven. Once that stopped, you were supposed to get the fuck out and hold things with actual value.
But you retards can't get that through your head, you are going to go down with the ship. So be it.

[Anonymous No.54042827]

>>54033070
This is my last resort

[Anonymous No.54042852]

>>54042816
Wrong. Everything in crypto revolves around big daddy btc. Sound money.

[Anonymous No.54042885]

>>54042650
I’ll say it’s stable when it’s a dollar again. Even then I’m sure this did absolutely nothing to people’s confidence in USDC

[Anonymous No.54042896]

HAHAHAAHAHA WASN"T THIS A "STABLECOIN"

[Anonymous No.54042916]

Let me see if i get this right.
People bought a coin whose only proof of being backed up 1:1 with the American dollar was a "dude trust me"?

[Anonymous No.54042937]

It’s really over huh?

[Anonymous No.54042941]

>>54042916
To my knowledge yes.

[Anonymous No.54042967]

>>54042937
Is… is this a troll? Does he really think the fed will step in and save them? What happening to the obsession with decentralized untouched by the govt goodness?

[Anonymous No.54043016]

>>54042967
>the obsession with decentralized untouched by the govt goodness?
But who will protect me from my own idiocy then?

[Anonymous No.54043033]

>>54034129
you're in the money now

[Anonymous No.54043035]

>>54042937
Sirs...

[Anonymous No.54043059]

>>54042916
no there are bank accounts and financial statements, that's why it is not really hard to evaluate this situation for everyone with a triple digit IQ .

[Anonymous No.54043120]

>>54033232
>fact that Tether didnt go first is hilarious
Truly.
Usdc was the 'lol coinbase will never let it fail' coin.
Leverage is faggotry of the highest order.

[Anonymous No.54043140]

>>54032990
>>54033049
>>54033051
>>54033314
>>54033368
>>54033376
>>54033719
>>54034056
uh oh
94 and climbing


the dudes who bought the 80 cent USDC are making 20%

[Anonymous No.54043179]

>>54043120
Please for the love of god stay depegged til opening Monday so people can shit their brains out about coin base and I can pay my college tuition

[Anonymous No.54043189]

>>54039339
A smaller company my very large company works with had a call with us yesterday, they are broke, all the money is in svb, they were going to there vc's for emergency funding to keep lights on.

[Anonymous No.54043215]

>>54038736
A few reports are saying 3.3b...

[Anonymous No.54043269]

>>54043179
the arbitrage is going on through the entire night
people are making fortunes arbing curve pools

[Anonymous No.54043318]

imagine being stupid enough to sell a dollar for 80 cents LMAO

[Anonymous No.54043420]

>>54043318
the funniest part is how their bank has even lower % reserves, possibly even 0 (that's why the retarded cali bank failed in the first place) but usdc loses 25% reserve and they start selling

[Anonymous No.54043464]

i sold at 90cents bros
i lost $150 on a stable coin today

[Anonymous No.54043520]

It already practically recovered. I am financially bored.

[Anonymous No.54043660]

>>54043464
you can buy back in again to break even

[Anonymous No.54044868]

>>54043464
>i sold at 90cents bros
>i lost $150 on a stable coin today
150 dude? you're all good.
We saw a dude lose $2 million last night among others panic dumping into 5 figure losses.

[Anonymous No.54045707]

>>54043269

can you (or someone) explain how this works? not even trying to do it, just want to understand what was going on. (people using alts to buy underpriced usdc then sell it back higher, or something more complicated?)

[Anonymous No.54045773]

>>54042967
Nobody, literally nobody will stick to their principles when it comes to government intervention if it doesn't benefit them directly. Libertarianism /ancap is just fancy wordplay

[Anonymous No.54047620]

>>54033066
It's not. Circle isn't the 3rd biggest stable coin issuer for nothing. You could get your funds out for your safety but I'm chilled on this one.

>>54033258
I see BTC having a boost after this because it's the only logical alternative rn outside other stable coins. Tether is also going to see some inflow.

[Anonymous No.54048017]

>>54044868
Thread?

[Anonymous No.54048197]

>>54047620
How are you so sure this is minor? Cocky much

[Anonymous No.54048492]

>>54048197
Because USDC is already re-pegging and it has been a store of value for me, earning yields on SpoolFi. It's really just a minor setback.

[Anonymous No.54048630]

>>54033035
It will be collapsed like Terra

[Anonymous No.54048734]

>>54033035
>Wowe 10% free money
Unless you can invest 1 mill to make 100k, but even then, why would anyone risk capital for a 10% profit promise

[Anonymous No.54049005]

>>54048492
So you decided to give your funds to some lame ass dude to handle for you?Do y'all not learn from mistakes? FTX is not up to 6months yet.

[Anonymous No.54049113]

To all the shitheads rooting against USDC... You realize if USDC dies, DeFi dies? And no, binance is not DeFi.

[Anonymous No.54049255]

>>54049005
SpoolFi is completely decentralized. It's one of the reference points for a true Defi platform.

>>54049113
I don't think they realize the magnitude of the kind of effects this FUD can have on the market.

[Anonymous No.54049569]

>>54049113

>If this Goldman Sachs backed stablecoin dies, it's all over.

Doesn't sound like that's the "decentralized" finance I'm looking for. Thanks but no thanks.

[Anonymous No.54049687]

>all these retards bringing up LUNA and UST
I expected better from this board
I don't give a shit about USDC because I don't hold any 'nor do I hold USDT or any janky stablecoin' but the difference between UST and USDC is way different

UST died because the algorithm behind UST printed an assload of UST when UST lots its peg. There's no algorithm behind USDC to print more USDC, you won't see billions of USDC get printed in an hour like what happened to UST.

[Anonymous No.54049688]

>>54032974
It hit 86 for a split second last night

[Anonymous No.54049768]

>>54049569
>>Goldman Sachs backed
LIKE WHEN FTX WAS BLACKCOCK BACKED? HAHAHAHAHAAHAHAH

[Anonymous No.54049802]

>>54049113
I cashed out of crypto. I hope it dies so I can pick up some cheap bitcoin

[Anonymous No.54049968]

>>54033233
Zero Hedge is fucking garbage.

[Anonymous No.54050266]

>>54049687
Don't even waste your time using your brain here. This board fucking sucks now.

[Anonymous No.54050300]

>>54033035
>stablecoin
>demonstrating its instability
>how is this not free money

[Anonymous No.54050356]

>>54049968
don’t say we didn’t warn ya

[Anonymous No.54050854]

1:1 at kraken again

[Anonymous No.54050892]

>>54049569
You can always go back to sucking random cocks at truck stop restrooms all across the country. That's also decentralized!

[Anonymous No.54050965]

do people unironically use this shit lol

[Anonymous No.54052304]

>>54032919
Stable is a fable -- pass it on.

[Anonymous No.54052459]

>>54041923
Then the banks would need PoR as well so the stablecoin issuer can properly assess whether the bank is healthy enough to hold their stash and not do any funny stuff with their funds and the consumer can check the stablecoin issuer's PoR to make sure they're being honest on their holdings on top of being another watchful eye on the bank.

[Anonymous No.54052498]

>>54039339
500 israeli startups
We are healing...

[Anonymous No.54053886]

>>54033039
60% on Cold storage and the remaining 40% on QANX, EFX, and CTSI because I still have degen blood flowing through my veins.

[Anonymous No.54054255]

>>54049113
USDT and Binance are backbones of crypto, all other shit are pretty irrelevant.