1 btc will always equal to 1 btc
which has absolutely nothing to do with bitcoin as a technology itselfYes, but it can worth 300$ or 300 000$ next year.
USD is highly volatile and hyper inflated, better to dump it.Yes, but it can worth 300$ or 300 000$ next year.
I bought the dip at open, hope to have the week of my life when we open tomorrow. Today you had PacWest trading at its lowest level since IPO (-75% of COVID low) while insiders bought Thurday and Friday when the SVB crisis was unfolding and they thought they could get the deal of a lifetime. Sometimes the opportunities are too good I guess.3 US banks in 1 week....thats a hat trick.
How did you manage to buy if trading was halted?I bought the dip at open
Trading was halted, then opened, then halted etc. Only after American lunch (NY lunchtime) that stopped. I didn't buy EXACTLY at open, I bought after I read that insiders had bought as otherwise it was a play too risky for me.How did you manage to buy if trading was halted?
I bought the dip at open, hope to have the week of my life when we open tomorrow. Today you had PacWest trading at its lowest level since IPO (-75% of COVID low) while insiders bought Thurday and Friday when the SVB crisis was unfolding and they thought they could get the deal of a lifetime. Sometimes the opportunities are too good I guess.
I think they never expected the bank to drop much lower, SVB risk is quite a bit overstated IF you are well-capitalized. PacWest did not experience rapid balance sheet growth over the last years, most of their clients are long-term (and those that are VCs, 33% of deposits approx.) are not going to rush to JPM, maybe move 1/3 or 1/2 of their money, management is steady and has a background I like (large length of career within the same bank, no red flags). It's a conservative bank that doesn't buy into bulls**t and is generally well perceived by its customers, it has survived 2008, and it will certainly survive this storm-in-a-teacup in my opinion. Small to mid-sized businesses will never get the support at JPM, C or BAC they would receive at a bank like PacWest, and they know the conservative approach they take, which is why they don't move their money.The insiders didn't do too well. You may do better but I don't know much about this bank.
PacWest Bancorp insiders lost $900,000 after buying stock as it tumbled last week
https://www.marketwatch.com/story/p...t-some-stock-as-it-tumbled-last-week-d08ecb76
Btc working exactly as expected, people buying it as the only real safe haven.
why is that? who cares?High time someone questions the substance behind USDT which still does nor want to show fully audited financial statements and is operating with a Bahamian custodian
If you keep your reserves in USDT then probably you should care, otherwise notwhy is that? who cares?
holding some part of reserves in stablecoins makes sense for a guy in Argentina or Sri LankaIf you keep your reserves in USDT then probably you should care, otherwise not
Do you really believe that stablecoins are stable coins?holding some part of reserves in stablecoins makes sense for a guy in Argentina or Sri Lanka
for anybody with access to western banking system it's kind of like holding your wealth in your favorite chain coupons trusting a third party... we already have this and it doesn't work
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