Stock Market is ROCKING

[DoggyDaddy]

You haven’t a clue. May I suggest reading or listening to the book. The bitcoin standard.
Very educational.
O and jacks magic beans is what you got in your fiat.

What backs bitcoin?

 

[smokingman]

Schwab is just over 7 trillion AUM. If they pop, everyone will know it.

Yet,the stock lost 19.6% at one point today. Lots of people with loads of money and shares sold quite a bit. Fairly certain they did not do it for no reason.

 

[Bollorollo]

Yet,the stock lost 19.6% at one point today. Lots of people with loads of money and shares sold quite a bit. Fairly certain they did not do it for no reason.

Its people panicking over SVB and the other bank collapse.. People are dumping stock out of fear the they will lose all their money with any financial institutions at this current time.

 

[Bollorollo]

News Headlines | Today's UK & World News | Daily Mail Online

All the latest breaking UK and world news with in-depth comment and analysis, pictures and videos from MailOnline and the Daily Mail.

www.dailymail.co.uk

 

[DoggyDaddy]

News Headlines | Today's UK & World News | Daily Mail Online

All the latest breaking UK and world news with in-depth comment and analysis, pictures and videos from MailOnline and the Daily Mail.

www.dailymail.co.uk

View attachment 262375

I have no problem with visibility of lesbians, as long as they're "lipstick lesbians" and not flannel and work boot lesbians.

 

[Bollorollo]

I have no problem with visibility of lesbians, as long as they're "lipstick lesbians" and not flannel and work boot lesbians.

What if it's Lipstick Lesbians wearing flannels and work boots at the shooting range lol?

 

[DoggyDaddy]

What if it's Lipstick Lesbians wearing flannels and work boots at the shooting range lol?

Well... I will have to ponder that for awhile. I'll be in my room.

 

[Ark]

Once things settle down you can always put it back in.

Exactly. With savings account interest rates at nil I'm hardly losing anything by just keeping a little more cash.

 

[Mgderf]

Bitcoin is on fire right now as people move their money out of banks into assets.

Out of the frying pan and into the fire...
What an idiotic move.

 

[1DOWN4UP]

"Maybe they won't know it's me !"


"For the last time,it's Trumps fault....now get the #### out of here!"

 

[asevans]

What backs bitcoin?

What backs gold?

 

[DoggyDaddy]

What backs gold?

I think it's its physical property. You can hold a gold coin in your hand and know it exists. Can you say the same for bitcoin (or any digital currency)? Gold (or silver) currency is not fiat currency. It has been used for centuries. Sorry if I value centuries of a track record to what, 8, 10 years? I honestly don't know how long bitcoin has been around. I thought it was a terrible idea from the first time I heard of it though.

 

[asevans]

What backs fiat?
Bitcoin is digital gold. Decentralized. No one can make more.
Bitcoin is not digital currency.
Bitcoin is classified as an asset. Like gold.
Bitcoin is mined. It take energy to mine bitcoin. Just like gold.
Many don’t understand exactly what bitcoin is.
If anybody is interested in learning what bitcoin is.
Please read or listen to the ebook “the bitcoin standard “.
It’s on YouTube. I listened to it on my way to and from work for a week.
The Fed and all central bankers are afraid of bitcoin. It will destroy their system.

 

[bobzilla]

Somebody drank the koolaid hard.

 

[BigRed]

I'm reminded of that age old question:

What's the difference between a lesbian and a horse?

About 300 pounds and a flannel shirt.

 

[bwillits]

SVB had several problems - they went from 49B in 2018, 102B in 2020, and then 109.2B at the end of 2021. They bought a bunch of bonds right before the Fed increased rates due to the increase in capital/deposits. As rates went up, bond prices went down and they failed to hedge those positions. Clients started asking for money due to the announcement of them losing 2B and since rates had increased. This caused a domino effect and they weren’t able to cover the withdrawals.

Newly created Bank Term Funding Program (BTFP) is covering a lot since FDIC has 250m limits. There were huge VC companies that banked there, Roku had 487mm (25% of their cash) tied up in SVB, etc.

First Republic Bank isn’t doing well either but they have some protection and with JPM backing them they should be good.

 

[BugI02]

Bitcoin is on fire right now as people move their money out of banks into assets.

Many, myself included, do not see BTC as an 'asset'

 

[BugI02]

What backs bitcoin?

Tulip bulb futures

 

[Tombs]

Reserve Requirements

The Federal Reserve Board of Governors in Washington DC.

www.federalreserve.gov

As announced on March 15, 2020, the Board reduced reserve requirement ratios to zero percent effective March 26, 2020. This action eliminated reserve requirements for all depository institutions.

---------

Welcome to the great depression 2.0

 

[dieselrealtor]

I am admittedly ignorant about bitcoin & similar, it has had recognized value for several years.

Gold, silver & other metals have had recognized value for several millenia.