1 BTC = $8.2k, it’s up 735% this yr UPDATE 5/19: BTC @ $42k :damn:

[cheek100]

Probably cut the grass today

 

[rightfultoefinger]

stop the babble-posting. you have some reading to do

"What Is a Bank Run?​

A bank run occurs when a large number of customers of a bank or other financial institution withdraw their deposits simultaneously over concerns of the bank's solvency."​

What Is a Bank Run? Definition, Examples, and How It Works

A bank run is when many customers withdraw their deposits simultaneously over concerns about the bank's solvency. Learn what governments do to try to prevent bank runs.

www.investopedia.com

LOL I know what a bank run is. I don't need your investopedia definition. These dudes are already in solvent. They couldn't even limit the withdrawals at all because they have absolutely no money. Looks to me more like a damn Ponzi scheme.

 

[old pig]

LOL!!!

 

[The Observer]

I'm shorting every bounce on stocks and index ETFs

 

[Ezekiel 25:17]

I can't really afford bitcoin, but I'm definitely look at ETH. Wonder how low it's gone go. When Covid hit shyt was $100 and then exploded to $4700, I missed out.

I get paid next week. Might drop $500.

 

[GoldenGlove]

LOL I know what a bank run is. I don't need your investopedia definition. These dudes are already in solvent. They couldn't even limit the withdrawals at all because they have absolutely no money. Looks to me more like a damn Ponzi scheme.

My understanding is that the exchanges that pay interest for your deposits, are taking that and then putting into DeFi protocols that are paying them even higher amounts in interest. They get a large amount of rewards from farming like this and nobody trips when things are going well.

This is also why the saying, "Not your keys, not your crypto" is huge when talking about centralized exchanges.

 

[null]

LOL I know what a bank run is. I don't need your investopedia definition.

You limited "bank runs" to "banks", so clearly you do

expect people to argue with people who have never read an economics or finance text book in their lives

your "they have absolutely no money" babble just doubles down on the ignorance. It's "assets" and in particular liquid assets that they would normally hold. Even your typical high-street bank has "no money" because of "opportunity costs". You would repo or money market "cash" (liquid assets) out to make a return (at least) overnight / short-term, especially in a high inflationary environment like we have.

 

[Tres Leches]

Lowest buy 22,790 today


More please

I had a limit set @22.4



Still got some @ 25k though

 

[Tres Leches]

I can't really afford bitcoin, but I'm definitely look at ETH. Wonder how low it's gone go. When Covid hit shyt was $100 and then exploded to $4700, I missed out.

I get paid next week. Might drop $500.

Could even go to $600 if Bitcoin drops below 20k

 

[Virtuous_Brotha]

Probably cut the grass today

Haven't had any toffee pie in a while, maybe i'll get some for after dinner

 

[Ezekiel 25:17]

Could even go to $600 if Bitcoin drops below 20k

I'm thinking I put down $500 next week.


I'm hoping it drops to double digits again

 

[JJ Lions]

MATIC is crap.

My post was babble?

Ok. Give me a thorough reason why Matic/polygon is crap. Will take a look at the reason later and see if it makes more sense than the notes I have. Could save me some money if you can back it up.

 

[null]

My post was babble?

Ok. Give me a thorough reason why Matic/polygon is crap. Will take a look at the reason later and see if it makes more sense than the notes I have. Could save me some money if you can back it up.

Yep prime babble .

Because their layer 2 is not consistent and does not offer the same consistency guarantees as POW BTC or ETH.

Your answer to that is?

Don't vanish on me now ..

 

[JJ Lions]

Yep prime babble .

Because their layer 2 is not consistent and does not offer the same consistency guarantees as POW BTC or ETH.

Your answer to that is?

Don't vanish on me now ..

Later when I’m at my desktop. It was just in my top 12 list because I was doing well with it and a top crypto market cap wise. Gives you some more time if you want to add anything else. I always thought we should do a deeper dive on these, pros/cons, compare notes. I’m going thru each one, they’re going to move up, down or out. Any of the others you have opinions on.

Anybody got pros/cons with Solana. That’s a love/ hate one with me. So much development, but that downtime

 

[the bossman]

Lowkey though we should have known summer would be trash, always a huge sell off around this time of year even without all this bad news but hindsight is a muthafukka. Unless the war ends we probably gonna have to wait until we approach winter for a proper bounce.

This is very historic. When else in history have we been hit with just coming out of a pandemic, high inflation, plus a geopolitical war going on all at the same time

Nobody could really predict what's happening now