Breaking News: Major Tech Lender Silicon Valley Bank Fails!

[Payday23]

Crypto bros was showing they ass just a day ago, crazy how fast shyt changes.

I'm still waiting on one of you soft ass clowns to ban bet that bitcoin won't reach 100k within the next year. I'll even sweeten the bet for you jokers, let's make it 2 years.

You betting it hits a 100k or not?

Imo I don't think it does. The ATH was ushered in by huge amounts of corporate and stimulus cash. That money is gone imo

 

[Payday23]

Crypto bros was showing they ass just a day ago, crazy how fast shyt changes.

I'm still waiting on one of you soft ass clowns to ban bet that bitcoin won't reach 100k within the next year. I'll even sweeten the bet for you jokers, let's make it 2 years.

How do 3 banks collapse in a week? They're just as bad as the shytcoins.

 

[Wargames]

"Bitcoin solves this"

Crypto needs to go back to the drawing board. I do think there is a use for block chain technology for security purposes. I think people will look to host their own cloud servers and it’s a great way to protect those from being attacked. I also thinkcoins falling off the same time Russia is being cut off from the world is not a coincidence. That shyt was great for moving around sanctions and it’s been deaded.

How do 3 banks collapse in a week? They're just as bad as the shytcoins.

Apparently they were the banks for the shytcoins.

 

[iceberg_is_on_fire]

Currency not backed by a real security was always doomed to fail. Good fortune for the people that got in and got out quickly but others. Too bad you are the one still standing when the game of musical chairs ended. but that shyt is on you at the end of the day.

 

[ogc163]

You betting it hits a 100k or not?

Imo I don't think it does. The ATH was ushered in by huge amounts of corporate and stimulus cash. That money is gone imo

I'm betting it won't.

 

[Propaganda]

crypto had literally nothing to do with why svb blew up. the only connection is that circle had some of their usdc reserves there.

they failed because of how they invested their customer's deposits, how heavy they were into tech startups (then vc money started drying up) and the fact that they had a lot of wealthy clients and businesses who had more than the fdic 250k insured amount in their accounts...which caused the run on the bank.

Crypto bros was showing they ass just a day ago, crazy how fast shyt changes.

I'm still waiting on one of you soft ass clowns to ban bet that bitcoin won't reach 100k within the next year. I'll even sweeten the bet for you jokers, let's make it 2 years.

a fukking bank failed and you're trying to make this about crypto.

you're getting desperate with this agenda, man. i mean goddamn, what did bitcoin do to you?

 

[cheek100]

can you explain or give us more details?

Sure i can only give u my opinion. Blockchain fixes the issues that cause this. The banks know it and are welcoming it. They’ve known it for a while. They tell u it’s bad for u but they build behind the scenes. U can go into your own banking app right now (wells, boa, us bank etc) and u now have an option of a “digital wallet”.
When everything is transparent and unalterable then liquidity issues become a thing of the past. U can’t cook the books the same way, u can’t create fake liquidity- ur either solvent or not.
It’s also cheaper and faster than our current system. I’ve never seen something be cheaper and faster and be ignored for too long. In any industry. Old money is stubborn but the world is moving different now- old money got complacent, blockchain is the equalizer.
Wont be btc tho

 

[ogc163]

crypto had literally nothing to do with why svb blew up. the only connection is that circle had some of their usdc reserves there.

they failed because of how they invested their customer's deposits, how heavy they were into tech startups (then vc money started drying up) and the fact that they had a lot of wealthy clients and businesses who had more than the fdic 250k insured amount in their accounts...which caused the run on the bank.


a fukking bank failed and you're trying to make this about crypto.

you're getting desperate with this agenda, man. i mean goddamn, what did bitcoin do to you?

Slick move to talk about svb and not signature in regards to the post you quoted.

 

[cheek100]

Idk who that guy is but it definitely won’t take years to handle bc HE said so.

 

[Propaganda]

Slick move to talk about svb and not signature in regards to the post you quoted.

oh yeah. it's a real slick move to talk about svb in a thread about svb. more deflection. more weak deflection.

 

[Geek Nasty]

https://archive.is/kSbgb

Voting is for c00ns!

 

[Geek Nasty]

How do 3 banks collapse in a week? They're just as bad as the shytcoins.

Troubled banks trigger bank runs, I saw a great take last night that banks have been getting away with these fractional percent savings accounts for decades now, and people are starting to figure out "hey I can buy a 6 month CD at 5% fukk my bank".

I don't have a ton of cash but I'm about to close my savings account and start dumping into CDs instead myself.

Monday is going to be interesting as a whole lot of people are going to re-learn "oh yeah, FDIC insurance has a cap" and start withdrawing money from bank.

 

[Payday23]

I'm betting it won't.

I agree. I'll gladly be wrong but the events that led to it's ATH aren't happening again I imo major players don't want the risk excluding cultist like Saylor.

 

[88m3]

Monday is going to be interesting as a whole lot of people are going to re-learn "oh yeah, FDIC insurance has a cap" and start withdrawing money from bank.

it's literally written everywhere


Signature Bank barely even has a footprint in NY

 

[Payday23]

it's literally written everywhere


Signature Bank barely even has a footprint in NY

Wow