OT: Bitcoin, Altcoins, NFT's & All Things Crypto
- Thread starter bob-loblaw
- Start date
Because John Wick says so? I’m guessing they started a short position on Robinhood
Of course, try this site…
Is this more helpful gramps?
Can you look at 6 month call option with 50k strike vs 6 months put option with 5k strike?
Paywall … can’t read it but headline says FTX owns a equity interest in Robinhood which means nothing for Robinhood
The tweet you linked say people should create a run on Robinhood. What does this link from FT have to do with Robinhood’s stability? It’s all a BS short seller trying to scare people to make money.
Where does it say that? It simply says that he is trying to sell his stake in robinhood, a company we’ve seen need a bailout to avoid insolvency in the last two years. The tweet says nothing about making a run on robinhood
How is that trying to create a run? Every single person in crypto is telling people to get off exchanges
This might be statement of the year. Next up: BTC ATHs coming soon!!!
i never tell anyone to buy or sell anything (unlike some here....) but...
I wish anyone long on RobinHood the best of luck.....monday....
interesting....there were discussion of financial stress with the end of free--money over the last few weeks (on all the financial channels)- with no specifics in any particular company.... I'm not sure people thought it would first appear in crapcoinz...... gotta wonder who else was leveraged in this garbage.. and how far it will reach......
is this Lehman Bros. or just a minor ripple.....
I wish anyone long on RobinHood the best of luck.....monday....
interesting....there were discussion of financial stress with the end of free--money over the last few weeks (on all the financial channels)- with no specifics in any particular company.... I'm not sure people thought it would first appear in crapcoinz...... gotta wonder who else was leveraged in this garbage.. and how far it will reach......
is this Lehman Bros. or just a minor ripple.....
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Sure, although I’m still waiting for $100K. Amazing how all the pumpers have climbed back under their rocks. I remember the $100K prediction being a daily occurrence all over social media. Once the FTX lawsuits start crypto will be crypto-nite because nobody will want to endorse it. Just wait until Brady and Gisele get sued. This is just the beginning unless FTX isn’t as bad as anticipated.
Unfort 5k is much higher likelihood given the economy
Yes indeed. Even futures etfs
Yeah, not looking good. Came on here to wave the flag... again... to get your btc off that exchange.
IMO the UST crash was the first domino which has then lead to the Voyager, Celsius, etc etc (there’s so many now I’m losing track), and now most importantly, FTX and probably soon to be Crypto.com and who knows how many others. All of this is just small potatoes in comparison to what would happen if the largest stablecoin, Tether (USDT) went down.
Again, the whole market is propped up by fake money printed out of thin air, loaned in exchange for other money printed out of thin air to buy another money printed out of thin air. So when one of those fake monies printed out of thin air, particularly one that operates essentially as a counterfeit dollar that the crypto world accepts as a dollar, disappears to the tune of $14 billion (or whatever the UST number was), there is now a very real liquidity hole out there that can’t be easily plugged, as the piper needs to be paid in dollars, not funbux.
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The Grayscale trusts are selling at a huge discount now. I agree with you that everything is heading lower as the dusk settles, but GBTC and ETHE may be good plays when the time comes.
COIN stock has been popping the last few days since they may be the last major US exchange left standing.
Coinbase and Gemini are the most trusted imo. I would not leave any btc on either one though.
This was a good interview I saw by Caitlyn Long, who is a real good btc follow on Twitter
I don’t believe any of them can be truly trusted so long as there is the element of being able to transfer crypto between exchanges and then cash out at one.
Example - a whale deposited $10m real dollars into FTX and bought BTC with it. Whale gets spooked by what he is hearing and transfers $10m in BTC to Coinbase. Further spooked he decides to park his money in dollars and withdraws real dollars from COIN to his Bank of America account. Nowhere in that process did Coinbase receive $10m actual dollars so if they completed the transaction they now have a hole in their balance sheet if new money doesn’t come in to plug it.
If the fractional reserve banking system bought hookers and blow instead of assets. Along with not being beholden to any rules or laws of any kind, on top of not having an insurance backstop.
Ironically through all this, Fidelity has been pre-announcing the launch of their new crypto platform. I guess this can be seen as good and bad timing! LOL.
Only doing BTC and ETH for now:
It often does. Watch the Wolf of Wall Street.
On a serious note, this is the main reason I think the Euro is going to collapse. While the US banking system is estimated to be leveraged 10 to 1, the offshore dollar market is estimated to be leverage 20 to 1.
They got to the frontline right when the war ended.
In order to get that $10 million from coinbase the whale sold the Bitcoin. The person/people buying it are funding that $10 million, not coinbase
What's the famous saying? The 3 L's that can destroy men:
Ladies, Liquor, and Leverage
I think that movie covers all of these.
I have multiple Fidelity accounts, including the one I used for Grayscale last year. Perhaps when the crypto dust settles, I will check out their platform (or just buy Grayscale again). We shall see.
Whatever option they chose. Doesn’t make a difference because the person buying is funding with usdc, eth, shiba, etc
not saying you are wrong......
...but GBTC also trades through derivatives such as futures, swaps, and even more opaque paper....
it's not like they simply only have a pile of Bits sitting in their vaults....
to say they "trade at a discount" (to essentially NAV) isn't the same as a Mutual Fund at NAV-discount to underlying shares...
don't misunderstand me... I own GBTC...I have a limit order at a price-point, I'm fine with a bit more and the current risk premium on BTC paper... but - I'm just pointing out there's a lot we don't know about what we don't know in this space....
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