Starting to look like Luna was even worse than people imagined. Insiders were cashing out weeks in advance (and this isn't "the dev team" or "builders", but any firm of sufficient scale who had invested in "defi" and "web3"). Small guys investing their savings and spare cash were being liquidated while spending their time in Telegram and Discord chats talking about how high their "investment" could go.
Celcius is looking very sketchy now too, so sorry for anyone who staked in those pools offering 20% rates to lock-in (better than telling people to HODL). Starting to look like all the cash has left the market. The vultures have fed.
No sympathy here for the moon merchants.
It's difficult feel sympathy for men who were spouting HFSP; We are Going to Make It, no-coiners etc. But I do, and I say that as someone who has being shorting Coinbase since it floated. The amount of marketing, advertising, manipulation via social media was extraordinary. Lads don't see much hope with the current economic structures when it comes to housing, meeting a partner etc, so got involved in this. A ponzi on a scale never seen before. It was being pushed on them via gaming channels, ads, influencers etc.
It's a huge mess, and symptomatic of something wider.
Rumours that dope quan was taking millions out in the weeks leading up to the crash
Justin Sun’s USDD is looking pretty sketchy . Small market cap, so easier defend the peg, but he’s a desperate scumbag so probably liquidating. Any staking services like Nexo are in serious trouble.
Tether is obviously the elephant in the room, and is starting to slip from the peg, but that has happened before and they managed to recover it.
For anyone tempted to buy, the market could fall a lot further over the next year or two.
Tether has significant borrowings from Celsisus, they consider them an equity investor and have an expansive lending agreement. Tether also has significant investing in Celsius, they're all part and parcel of the same scam. Tether is in a bad place and looks extremely vulnerable.
It must be nice for people to give you all their money in an unregulated field
I'm not that bad. Some of my posts are alright by accident
Its up to 2.7Billion now....
https://watcher.guru/news/how-do-kwon-allegedly-cashed-out-2-7b-from-terra-network
At least someone profited from it, would be terrible to think everyone lost their money.
Very good Donald, I'm starting to see a correlation between you appearing here and the market going down, can you hold off posting for a bit just in case it's causation?
I see people making claims like that all the time. That's just paranoia. I randomly pop in and generally post when there is something interesting happening in the market.
You will find posts from me when it was up over 60k. I'll post if it goes under 20k. I'll post if it goes up to 80k. I probably won't bother posting much if it just sits where it is for the next 6 months
Bad times
Your man Saylor's software-company-turned-pseudo-Bitcoin-fund is down another 25% in pre-market
Coinbase stock value is tanking today. It's down 80% since the IPO.
Make that 85% looking at the pre market price!
Yeah, don't be tempted to buy yet, personally think it'll fall more over coming months, with interest rates going up people won't be spending money on crypto.
Big financial reset needs to happen with every aspect of the world economy
Binance has paused withdrawals of Bitcoin due to a “stuck transaction”.
Why are they doing that?
Assuming this is a lie
What's the story with Binance? We were told two hours ago that the transaction block would be fixed in 30 minutes.
Has anyone used binance for buying biggish amounts.
As in 100K plus.
I use it all the time for smaller amounts, but hear horror stories of accounts getting locked and taking months to get it sorted.
The thoughts of banging it in and having it held up scares me a little 😂
BlockFi cutting 20% of its staff
Can you even put it in there? They blocked it in most banks
Really expect to wake up in the morning and ETH at 1k or less
What was I saying not so long ago about ETH promising the moon...delays again this week, the project is becoming more like a scam coin with all these promised roadmaps that are never realised
One would hope that people realise something offering ridiculous APR's are not sustainable in the least in the future but greed will always get the better of them
So glad I got out in December and will buy in again probably around October (if crypto still exists lol)
Eth not quite under 1k, but not far off it (€1032 at 3am).
There had been all the talk before about your man getting margin called at 21k. (yeah yeah, I know it's not a major deal ... but a psychological one nonetheless). I see that the price appears to have just about hit the 21k this morning.
His company is currently well down over a billion on its gamble at this stage.
You can be long all you like but that’s one hell of a negative carry
Bitcoin has fallen below €20K and ETH has fallen below €1K
No longer a winter it's a fecking ice-age
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