It's a nuclear Holocaust followed by a meteor the size of TX hitting Earth.I hope yal aren't scrolling past these posts like they're nothing
If UST's demise was crazy, TETHER collapsing would be a damning blow to a lot of exchanges and pairs using USDT.
1 BTC = $8.2k, it’s up 735% this yr UPDATE 5/19: BTC @ $42k :damn:
- Thread starter JordanWearinThe45
- Start date
The Observer
All Star
No one finds the irony that for the past decade people have been yelling “get your money out the banks! Why do you trust them to hold your moneybuy crypto because you have full control over your funds
The irony is beyond ridiculous, people have been truly brainwashed
the bossman
Superstar
Not your keys, not your cryptoNo one finds the irony that for the past decade people have been yelling “get your money out the banks! Why do you trust them to hold your money
thats why if you have btc or eth you gotta keep that in a cold wallet no matter what. even when things go bad you cant even sell it so why bother? i think coinbase is still ok, im not sure thoughNo one finds the irony that for the past decade people have been yelling “get your money out the banks! Why do you trust them to hold your money
It's not ironic because people have warned against using centralized exchanges for years. Especially large amounts. A lot of folks are just lazy and don't care to use cold walletsNo one finds the irony that for the past decade people have been yelling “get your money out the banks! Why do you trust them to hold your money
null
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Ok, I'm at the desktop now. Dodged a lot in that reply.I am a struggle babble-handler. can't deal with it.
matic is not sound technically. that's the end of it.
any person shilling it as a buy should point out the extra risk, namely that it hasn't solved what they in their own WP claim to have solved. in the video I linked, they skirted over the security. their WP does not address it directly.
that's it
*IOTA was the previous example of the same.
No, you're a struggle reader, also struggle with definitions. Let me help you.
shilling
"A shill is a hustler or con-person who tries to convince other people to buy something or think something is great (shilling). The shill has ulterior motives for their actions, usually because they are the actual seller or have something to gain if the product sells well."
I asked you to quote me where you think I'm shilling you couldn't. The only thing you pointed to was a list of what coins I have and will be looking at, buying. Just like most people here mention what they're getting, typical stuff. It's also typical for people to do their own research. Now, I have seen some actual shilling from time to time here where the person posting will actually gain something if you get into their coin, thru their link, downline whatever. I get nothing if you get into MATIC
As far as MATIC, it is one that I was doing well with, along with others here. I mentioned many times I stick to top 50 types coins probably over 90% of the time, this is one of them.
I also said I have pros and cons for many of them. I mentioned SOL, I asked what you're into, dodged all that. Mr. Dodge.
Back to MATIC, one of the cons is something I have bookmarked on this one, mentioned in the video below. I know ETH is supposed to merge this year, supposed to be cheaper gas prices etc. Some think this could go well, some not. I'm leaning towards it working out. Which could hurt MATIC. It might not, we'll see.
And again, pay attention this time. The only one I said I was going to hit hard is the obvious one most people have a lot of, Bitcoin. I'm figuring out what I want to hit after that.
null
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How you expect me to waste my time discussing which cryptos you are emotionally
attached to is beyond me e-grow 
. go hug your pillow or something.
story over.
You folded easy. Your reply makes no sense. It's crypto, I'm not attached to anything. If there is something I get and I don't like for any reason in the future, I simply convert it to something I do.How you expect me to waste my time discussing which cryptos you are emotionally
Piff Perkins
Veteran
No one finds the irony that for the past decade people have been yelling “get your money out the banks! Why do you trust them to hold your money
This should have been obvious. Your money is insured in banks, up to 250k. If the bank goes down, you're getting your money back. You're not getting shyt back with crypto and that's how yall wanted it. Well deal with the consequences.
I have some crypto but most of my investments are in index funds. They're having a down period right now but guess what? I've been up for a decade plus and will go back up after this. Because the smartest investment will always be to generally bet on American business, not on scams.
ORDER_66
Demon Time coming 2024
itsyoung!!
Veteran
Damn. Thats crazy. That ive read probably 5,000 posts on here about crypto over the years and never saw such a thing warned against
That’s something you have to learn as you goDamn. Thats crazy. That ive read probably 5,000 posts on here about crypto over the years and never saw such a thing warned against
This should have been obvious. Your money is insured in banks, up to 250k. If the bank goes down, you're getting your money back. You're not getting shyt back with crypto and that's how yall wanted it. Well deal with the consequences.
I have some crypto but most of my investments are in index funds. They're having a down period right now but guess what? I've been up for a decade plus and will go back up after this. Because the smartest investment will always be to generally bet on American business, not on scams.
I was intrigued by your post and this fdic insurance thing. Trying to see what their payouts have been over the years and how severe things can get. I came across their website about previous bank failures in past 20 years.
It happens often but not too often and most banks that failed are small banks anyways. Year with most banks was 2010 and with most money was 2008.
So I found this article from a few years back which is likely still accurate at least for #1. Biggest bank failure ever was Washington Mutual back in September 2008 for 307 billion. It got bought out by JPM aka Chase so the FDIC didn't have to pay.
The 15 Biggest Bank Failures in US History
These banks had billions in assets, but they still went under.
www.gobankingrates.com
1. Washington Mutual Bank
- Assets: $307.02 billion
- Deposits: $188.26 billion
- Failure Date: Sept. 25, 2008
So then that leads us to #2.
2. IndyMac Bank, FSP
- Assets: $30.70 billion
- Deposits: $18.94 billion
- Failure Date: July 11, 2008
Failure cost the FDIC approximately $9 billion. Going up the list, I don't see any other failures for higher than that amount. So the 307 billion bank was bought out by another bank and the second highest bank cost them 9 billion. Here's what I'm wondering,
Top 10 biggest US banks by assets in 2024: Data drop
How big are America's largest banks? EMARKETER has compiled a list of top US banks by assets so you can see the major players in the financial industry.
www.insiderintelligence.com
| Rank | Bank Name | Total Assets |
|---|---|---|
| 1 | JPMorgan Chase | $2.87 Trillion |
| 2 | Bank of America | $2.16 Trillion |
| 3 | Wells Fargo & Co. | $1.75 Trillion |
| 4 | Citigroup | $1.65 Trillion |
| 5 | U.S. Bancorp | $530.50 Billion |
| 6 | Truist Financial Corporation | $488.02 Billion |
| 7 | PNC Financial Services | $457.45 Billion |
| 8 | TD Bank | $388.34 Billion |
| 9 | Capital One | $360.26 Billion |
| 10 | Bank of New York Mellon Corp. | $349.43 Billion |
How they gonna save a top ten bank if one of them fails? Is Chase gonna be able to buy out Bank of New York if it fails like it did with Washington Mutual back then? What about if BOA or Wells Fargo fail? The FDIC gonna be prepared for something major like that?