1 BTC = $8.2k, it’s up 735% this yr UPDATE 5/19: BTC @ $42k :damn:
- Thread starter JordanWearinThe45
- Start date
finally was able to unbond some LP i had tho i did suffer a loss with coins going down. but I converted it all to atom and ended up with like 40 of them. sent those to another wallet and hit up restake.app to autocompound and let it run. 30.3% apy, 2% fee, 2x daily. might as well put those coins to work without doing anything myself. not expecting it to grow fast but overtime. i got a few other coins on that restake thing, just started recently so i'm liking it so far.
jilla82
Superstar
It's bad but I think social media makes it even worse, just amps things up even more. Bank Crash trending all over the place. I imagine most people have under $250,000 and perfectly safe/covered. But some are withdrawing anyway
Monday should be interesting
yeah i can see that about most people having under 250k. issue is how many may pull their money. cuz the right amount of customers can do some damage to any bank.
speaking of banks, I showed my boy a text earlier how Kramer said that Chase was a fortress after I asked him what bank he uses and he said them. had to tell him about the whole inverse kramer thing. he said not to send him any mean tweets, and the same thing after that CZ pic.
Looking at the rankings, Bank Of America has 116 million customer accounts.
Green Dot and Bonneville in Utah have more at 175, the only ones higher. which of course is the same thing and part of those green dot cards sold in stores so i can see why it's higher.
SVB has or had 135k.
So its tougher for BOA since not likely that they'll have millions of customers rushing to withdraw their money or it'll take longer than one with 135k accounts only.
This bank only has 42k and they down 8% in asset growth vs previous year so if they get caught up in some crypto or bankrun shyt, they might be gone too.
| 2 | Bank of America | Charlotte, NC | $2,440,022,000,000 | 3.68% | 4,059 | 38 | 133,221 | 116,549,680 |
Green Dot and Bonneville in Utah have more at 175, the only ones higher. which of course is the same thing and part of those green dot cards sold in stores so i can see why it's higher.
SVB has or had 135k.
| 15 | Silicon Valley Bank | Santa Clara, CA | $211,824,000,000 | 23.90% | 17 | 1 | 6,574 | 135,297 |
So its tougher for BOA since not likely that they'll have millions of customers rushing to withdraw their money or it'll take longer than one with 135k accounts only.
This bank only has 42k and they down 8% in asset growth vs previous year so if they get caught up in some crypto or bankrun shyt, they might be gone too.
| 13 | State Street Bank and Trust Company | Boston, MA | $296,434,000,000 | -8.21% | 3 | 3 | 38,493 | 42,698 |
| 19 | First Republic Bank | San Francisco, CA | $197,908,327,000 | 18.32% | 84 | 7 | 6,902 | 779,535 |
Don't know how valid this is but 2 top 20 banks within a few days won't be a good look. Way more accounts than SVB too.
Both in Cali also. 2 out of the 3 in top 20 based there. Other one is Wells Fargo.
I searched and seeing this video circulating about long lines at one of their branches, apparently from earlier today.
If your funds are in this bank, good luck.
Cobalt Sire
All Star
Yeah social media causes so much fud. Plus it like folks are even dumber and panic over the fud like some damn lemmings.
Oh well I will just continue to use this fud to my advantage and buy the dip. That is one positive I do have about social media.....its easy to scare folks and see it live. So when they selling and panicking in the front door...I come in the back door and buy the dip.
Oh and I think CPI will show inflation is continuing to go down this week. Which means crypto and the market will pump (after fools panic sold last week) cause everyone will think that Powell will only do a bump of .25 on the interest rate increase due to inflation going down and the impact of the SVB going belly up.
yeah cpi expected to go down. its tough to say what the rates will be. people think it could be .25 since inflation going down or more to help it more but then they got this whole mess with the banks so if that gets worse who knows if we'll see any bailouts. fed gotta make a decision on that. if they bailout the banks and cut rates, that could send inflation soaring again. best thing we can do is be patient and dca if possible. manage finances best way possible and try to pay down debt along the way.
Virtuous_Brotha
Superstar
I didn't sell a penny throughout the ukraine/russia dump early last year nor ftx and luna, the moment i dump on a black swan the market will go up knowing my luck. Maybe i should stay put as tempting as it is