Binance bitcoin bailout
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Binance bitcoin bailout
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Binance bitcoin bailout
Criminals doing crimes.
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Binance bitcoin bailout
it does not seem to me to bode well that they’re getting this nervous when the bitcoin price hasn’t even dropped below $80,000
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Criminals doing crimes.
This is like moving from an on-fire dumpster to a dumpster that is not on fire but could burst into flames at any second.
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it does not seem to me to bode well that they’re getting this nervous when the bitcoin price hasn’t even dropped below $80,000
@molly0xfff I don't really understand this situation. Is this connected to the continuous devaluation of the US-$ in the last weeks?
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@molly0xfff I don't really understand this situation. Is this connected to the continuous devaluation of the US-$ in the last weeks?
@raisondetredev it mostly reads to me that they’re nervous about sinking bitcoin prices, and hoping to bolster them by a) injecting $1B of demand and b) publicly declaring their plans to do so in hopes that it will trigger others to buy
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@raisondetredev it mostly reads to me that they’re nervous about sinking bitcoin prices, and hoping to bolster them by a) injecting $1B of demand and b) publicly declaring their plans to do so in hopes that it will trigger others to buy
@molly0xfff Injecting $1B demand is nice, but ... what's on the other side of that $1B? Isn't that supposed to hold up the stablecoin or something? Is the stablecoin now bound to bitcoin?
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Binance bitcoin bailout
@molly0xfff@hachyderm.io
Gonna be interesting to see how many "investors" get skint (and how many can afford the loss). Ain't no FDIC for speculative markets.
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@molly0xfff Injecting $1B demand is nice, but ... what's on the other side of that $1B? Isn't that supposed to hold up the stablecoin or something? Is the stablecoin now bound to bitcoin?
@henryk no, USDC is reserve backed. the seller either decides to hold the USDC instead of the bitcoin, sell it for some other crypto asset, or redeem the USDC with Circle. it changes the seller’s portfolio, but USDC remains reserve-backed.
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vestito di rosa aggrappati forte!
ramo di pesco
