Bank Crash
Quote: AxelWolfWhat, how, why does this effect Crypto? Up perhaps?Quote: lilredrooster.
the New York Times does have it on its front page but its way down from the top - and the story is about who is to blame - not about future repercussions except for its likely effect on Crypto
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One possibility.
A lot of new tech is big on crypto. If they had their cash reserves in Silicon Valley Bank,for payroll and expenses, they were only insured for $250,000. If they have to sell cyrpto to raise money to cover the next few weeks or months expenses, that should lower prices. I'm sure there will be some who think this is good for CC but I'd love to hear them explain why in a couple of sentences.
For those of us who keep less than 250,000 per bank, I don't see any problem.
That was probably related to the Silvergate Bank thing. I'm not sure if there's any correlation, I will have to read the suggested links.Quote: DRichQuote: AxelWolfWhat, how, why does this effect Crypto? Up perhaps?Quote: lilredrooster.
the New York Times does have it on its front page but its way down from the top - and the story is about who is to blame - not about future repercussions except for its likely effect on Crypto
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Bitcoin is down about 10% in the last five days. I have no idea if it is related or not.
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Interesting.Quote: billryanQuote: AxelWolfWhat, how, why does this effect Crypto? Up perhaps?Quote: lilredrooster.
the New York Times does have it on its front page but its way down from the top - and the story is about who is to blame - not about future repercussions except for its likely effect on Crypto
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link to original post
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One possibility.
A lot of new tech is big on crypto. If they had their cash reserves in Silicon Valley Bank,for payroll and expenses, they were only insured for $250,000. If they have to sell cyrpto to raise money to cover the next few weeks or months expenses, that should lower prices. I'm sure there will be some who think this is good for CC but I'd love to hear them explain why in a couple of sentences.
For those of us who keep less than 250,000 per bank, I don't see any problem.
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Many of the big things people claimed would make Cypto move one way or the other seems to have been just the opposite. Obviously, when placed like Silvergate bank fold, it's going to have a negative effect.
IIRC you said it was not a buy when it hit its last low back when it was around 15k. It has since been up to around 25k.Quote: billryanI've concluded there is a small base for bitcoin, but I don't see it growing. There is support in the 16,000-23,000 range, which is horrible compared to its year old and two-year-old range. It's certainly not taking the world by storm. If I were a speculator, I'd be comfortable buying below 18 and selling at 22 a couple of times a year, but I'm not.
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Quote: billryanI want to stay inside, so the sky doesn't fall on me, but most fatal falls happen in the house. I guess we are all screwed.
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billryan,
Simple solution: stay in a hotel! ;-)
Dog Hand
Quote: lilredrooster.
google news which prioritizes its placement of stories based on some complex algorithm does not even have the bank crash story on its front page right now
the New York Times does have it on its front page but its way down from the top - and the story is about who is to blame - not about future repercussions except for its likely effect on Crypto
and why in the world is this thread in the Betting Systems section - 5 step martingale on a financial collapse maybe___________ 😃
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I think google news has moved from prioritizing stories on a complex algorithm to prioritizing paid advertisers who grift retail businesses now. Their search engine certainly moved to that model anyway.
