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What's a "Moonbutt"? Butt that does moonlighting? Oh, that sounds weird :wtf: LOL

Actually, if you think about it, those 7 deadly sins comprise human nature. Hence why human nature does not change.

It clearly states that it's an exercise price.

LOL never seen you get so riled up.

You sure it ain't one of them Putin posse? Wow, that even rhymes with pussy. :sneaky:

This is absolutely mind boggling. How a bailout of SVB's depositors is actually benefitting the crypto space such that BTC rallies nearly 10% in one day (while Nasdaq only makes a modest 1.5%). In addition, the Fed backstopping SVB's depositors in no way means the money printer stays turned on...

Maybe I'm getting ahead of myself. Exactly which 4 banks are we talking about?

The Fed will create a new Bank Term Funding Program (BTFP) whose purpose will be to safeguard institutions impacted by the collapse of SVB. This facility will provide loans of up to one year in length to banks, savings associations, credit unions, and other eligible depository institutions...

This sounds a bit incredulous. Does she ever cite the source?

I dunno how a bank of that size could have overlooked risk management. I mean, with high inflation everywhere, everyone KNEW (in 2022) that the Fed would raise the interest rates. :banghead:

Okay, I stand corrected. :) But I ain't so convinced we've turned the corner. Having traded for 30 years and seen two major bear markets (2000 and 2008), this is just my gut instinct but I need to see more confirmation before going all in.

It's not too hard to understand what undid SVB. Diversification isn't what brought down SVB. After all, they did put away most of their customer deposits in long dated bonds and MBS. What they didn't anticipate was that the Fed would actually raise the interest rates this much this fast. So they...

Dude, you need to make up your mind. :D You can't have both at the same time. How can you expect this economy to collapse but, at the same time, expect BTC to spike up? That's a contradiction.

Most likely a bullish move during ETH, but you can expect some heavy chops in the RTH tomorrow.

But this is not a real fix because there will surely be more bank failures down the road. What the Fed needs to do is open the discount window and then put the future rate hike on hold.

Well, I guess you can see it that way. But on a macroeconomic level, this is more a transitory than a permanent fix. So it wouldn't necessarily have a long-lasting effect IMO.

Eh? What made you think I was short? :confused: I mean, didn't I tell you explicitly not to short on Friday? :) So, yeah, I'm long but I'm pretty sure we'll likely retest the low again before shooting up. I think this is a bear trap. So I'll be looking to unload soon and then get back in once...

I'm holding a small position from 20K. As far as the Fed goes, it won't print again anytime soon for fear of stoking the inflation again IMO. But they can at least pause raising the interest rate, or do it intermittently as needed. That said, I don't think $100K is possible anytime soon but...

Well, just look at how ES is trading.

So does that mean you believe we'll head right back up to 27K from here? Either way, I also think BTC will go up but it'll likely make a double bottom before breaking out in earnest.