Is the crypto winter over?

[The_Krakenite]

So it is the same with this FDIC deal. It is insurance. There is no money-printer going on here.

There is no such thing as FDIC as the government explains it. There is/was a very tiny little pool of funds that in no way can handle a full systemic collapse. That was the old rules....

Now... with the new... the FDIC is supposed to cover ALL stupid amounts of capital. From $250K to infinite. Since the $250k could not be possibly covered for a full domino effect, how is an infinite amount possible?

As I said, taxpayer will pay for this. And now we have even more moral hazard for stupid orgs doing stupid things like parking stupid amounts of $ into risky banks.

YOUR taxmoney will pay for this. I guarantee it.

And you'll be doing it again, and again, and again. As always happens when ever the government allows moral hazard. This is how the fucking name even came to being.

 

[themickey]

If anyone was considering wanting to trade crypto but not directly, ie via stocks or ETF's, you may wish to consider the following, I have ranked them best to worst as of current performance.
Don't consider this as professional investment advice, it's an opinion only.

IREN Iris Energy Ltd
TSE:BITF Bitfarms Ltd
GBTC Grayscale Bitcoin Trust (Btc)
BTF Valkyrie Bitcoin Strategy ETF
BTCC Purpose Bitcoin CAD ETF Currency Hedged
BITO ProShares Bitcoin Strategy ETF
RIOT Riot Blockchain Inc
AETH 21Shares Ethereum ETP
HUT Hut 8 Mining Corp
COIN Coinbase Global Inc
HIVE HIVE Blockchain Technologies Ltd
HODL Cypherpunk Holdings Inc
BITQ Bitwise Crypto Industry Innovators ETF
DAPP VanEck Digital Transformation ETF
MSTR MicroStrategy Incorporated
GLXY Galaxy Digital Holdings Ltd
ASX:CRYP Betashares Crypto Innovators ETF
BLOK Amplify Transformational Data Sharing ETF
HBLK Blockchain Technologies ETF Units Class A
LEGR First Trust Indxx Innovative Transactn & Proc ETF
MARA Marathon Digital Holdings Inc
BLCN Siren Nasdaq NexGen Economy ETF
KOIN Capital Link NextGen Protocol ETF
SI Silvergate Capital Corp

If any noteworthy are missing off the list, let us know.

 

[schizo]

There is no such thing as FDIC as the government explains it. There is/was a very tiny little pool of funds that in no way can handle a full systemic collapse. That was the old rules....

Now... with the new... the FDIC is supposed to cover ALL stupid amounts of capital. From $250K to infinite. Since the $250k could not be possibly covered for a full domino effect, how is an infinite amount possible?

As I said, taxpayer will pay for this. And now we have even more moral hazard for stupid orgs doing stupid things like parking stupid amounts of $ into risky banks.

YOUR taxmoney will pay for this. I guarantee it.

And you'll be doing it again, and again, and again. As always happens when ever the government allows moral hazard. This is how the fucking name even came to being.

It ain't even that complicated IMO. I just think of this as politicians currying people's vote for the next election.

 

[The_Krakenite]

Hey look! Even a silly Shark Tank investor like O'Leary can get it!

In the end... America is fucked with this new policy. Moral hazard is now at unprecedented levels. Take example from Biden's forgiving terrible student loans policy for stupid useless woke majors...

 

[johnarb]

But there's definitely a lot of manipulation going on.

Based on the recent debacle in the US banking system, bitcoin and cryptos should be up massively, so I believe some groups are suppressing the prices

They had just revealed to everyone that the US $ are like chuck e cheese tokens they can create at will, and the banking system which is the best in the world is broken, currently...

Even the billionaires like Ken Griffin are worried, like wtf, we're all supposed to keep it on the dl, so everyone is a slave to the fiat debt-based monetary system

Bitcoin is money they cannot print and the whole cryptos ecosystem is a 24/7 banking system as well as a trading platform, no applications, no names, no emails no phone numbers, but it's best to keep it away from the masses, otherwise the elites would definitely go all out to destroy it

https://twitter.com/x/status/1635728692377780235

 

[NoahA]

Even the billionaires like Ken Griffin are worried, like wtf, we're all supposed to keep it on the dl, so everyone is a slave to the fiat debt-based monetary system

And there is also this... Crazy to think that the government absolutely wanted to bring this and the other crypto banks down. I do hope is backfires and the move to bitcoin goes down an accelerated path.

https://twitter.com/x/status/1635609720688918528

 

[johnarb]

Long btc perp futures @ $24,588

After paying loan, have some extra USDT, so... back in the casino, baby! smaller position, will increase if btc goes above $27k

not much collateral at risk

I still predict bitcoin hits $30k by Sunday night

 

[The_Krakenite]

We are practically forcing privatized rewards @ infinite risk... in exchange for socialized losses.

 

[schizo]

Long btc perp futures @ $24,588

Here's what I see going forward for tonight. It currently broke out of the range though will need to see if it closes above it.

 

[johnarb]

Here's what I see going forward for tonight. It currently broke out of the range though will need to see if it closes above it.

So far for the past 3 days, bitcoin has been higher... if btc is above $24,500 today and tomorrow morning, we're still on a good trend upwards