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/biz/ - Business & Finance

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53331489 No.53331489 [Reply] [Original]

GENESIS IS FILING FOR BANKRUPTCY

FINAL CAPITULATION IMMINENT

>> No.53331504

>>53331489
nobody cares, the dip is in you missed it

>> No.53331505

>>53331489
oy vey the bizlato fud didn't work. call in the bankruptcy department

>> No.53331508

>>53331489
priced in
Thank you for locking up your crypto for years gemini earn chuds.

>> No.53331511

how did these dumbfucks failed at making a simple exchange to collect fees from the gambling crowd?

>> No.53331534

>>53331504
Na, this would probably be the last of it.. unless jews make a new narrative that is. All this is orchestrated

>> No.53331561
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53331561

>>53331505
bug id

>>53331508
fag id

>> No.53331565

Can we finally get sub $10k BTC, please?

>> No.53331570

>>53331511
Retards always overcomplicate shit for whatever reason. Overleveraging. Not managing risk correctly. Not anticipating bear markets. Etc. Unironically crypto businesses are so degenerate that just being normal puts you ahead of 99% of the competition

>> No.53331582
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53331582

>>53331561
I have a poo ID. So this is how it ends

>> No.53331585

>>53331511
They got greedy themselves.
Same shit, nothing new under the sun.
Mostly because of jew tactics.

>> No.53331653

>>53331511
Cause CZ was already doing that and jews have to be the smartest guys in the room

>> No.53331656

>>53331561
>y fag
Oh god, I will never recover from this.

>> No.53331703
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53331703

This week should be barry interesting

>> No.53331719

>>53331582
learn to puu in the luu pajeet

>> No.53331728
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53331728

>>53331504
C O P E
O
P
E
It's over for real this time
https://youtu.be/M6o1SEj02t0

>> No.53331746

>>53331489
Read it.
They're locking shit up for years voluntarily and getting equity in DCG as payment.
Bullish as fuck.
Hence the buying and not nuking.

>> No.53331785
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53331785

>>53331746
brainlet

>> No.53331807

>>53331489
who?

>> No.53331861

>>53331807
newfag

>> No.53331941
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53331941

Why won’t it die?!

>> No.53332547

>>53331746
>They're locking shit up for years voluntarily and getting equity in DCG as payment.
DCG doesn’t have billions to patch the hole though

>> No.53332753
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53332753

DCG will be forced be the executor to liquidate assets for safe-keeping

>> No.53333119

>>53331746
>They
You mean genesis? Thats what they WERE doing which got them in this shit

>> No.53333144
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53333144

>bitcoin pumps for no reason
>some jewish 'firm' files for bankruptcy
>dumps "for no reason" (firm is selling at a higher price)

>> No.53333435

>>53332547
They have a solid source of revenue with gbtc and ethe etc that they are going to use to help pay over time it sounds like.
The whole 1-2 years thing I think it is clearly both the creditors and DCG know a bull run is likely and they'd both be better off coming to an agreement here.

>> No.53333493

>>53332753
They won't. The creditors know it's not in anyone's interest to do that, this this path instead.
>>53333119
I mean DCG is going to come to an agreement with Genesis creditors that doesn't involve doing something that just fucks everyone for no reason, the creditors especially.
This
>1-2 years
shit is obviously basically
>lets wait for the bull and we'll all make it and not be stupid at the bottom

>> No.53333920

>>53333493
>Yeah bro you can pay me back in 2 years when btc is 400k n shiet
Do you honestly think thats whats going to happen?

>> No.53333946

>>53331505
that was a distraction, so that nobody would pay attention to genesis going bankrupt.

>> No.53334453

>>53333920
DCG makes something insane like 300m a year off of 2% flat fees yearly on gbtc and ethe.
Destroying both the market and removing that obvious avenue to get paid eventually is pretty reasonable.

>> No.53334587

>ch11
they're just washing their hands

I hope my ID is cool

>> No.53335506
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53335506

>>52387009

>> No.53335904

>>53331489
You guys still haven't realized most of those tokens are ACTUAL scams that re only passed around to give an illusion of market depth?

Wake the fuck up and don't just leave it sitting there. Pick the real projects and leave the bullshit alone.
The pumpers will pump and reveal themselves to the legit.
Plain and simpoe.
Asshoes like CHYNAH!

>> No.53336906
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53336906

>>53331489
this is already priced in. we live in clown world so the bankruptcy will be announced, and then btc will just crab

https://www.reuters.com/technology/crypto-firm-genesis-preparing-file-bankruptcy-bloomberg-news-2023-01-18/

https://coinmarketcap.com/currencies/bitcoin/

>> No.53336927
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53336927

>>53331565
not gonna happen. sorrreeeeeeeeeeeee

>> No.53336973

>>53331508
The one good thing about not making it in LINK last bullrun is I didn’t convert millions to stables and put it all into Gemini earn to live off the yield.

>> No.53337224

So is GBTC toast? ETHE?

>> No.53339443

>>53331489
>According to People With Knowledge of the Situation
Is that the name of a group/corporation? Either way, I fucking hate twitter.
URGENT URGENT: EXPERTS SAY. ACCORDING TO STUDIES. SCIENTISTS SAY. PEOPLE WITH KNOWLEDGE OF THE SITUATION SAY
no wonder so many people lost money on crypto, its easier than stealing candy from a baby

>> No.53339452

>>53339443
it's journalism lingo for
>we have a source but they wish to remain anonymous out of fear of getting fired/sued

>> No.53341361

HOW WILL WE EVER RECOVER BASEDSISTERS

>> No.53341442

>>53331511
that was never the plan.

the plan was to implode crypto from the inside

they literally sold the btc and eth of clients to pump shitcoins like sol

it was all planned and sbf will get away without much jail

>> No.53341485

>>53331489
Extremely bullish, grayscale is a fractional reserve scam that siphons money away from real BTC. Long now, you will never see BTC below 20k ever again.

>> No.53342637

the entire contagion was priced in during ftx collapse. Even a binance collapse would barely do anything now.
If you are waiting for a capitulation, we already had 3 of them last year.

The only thing that would cause another one is WW3 or something big in the macro environment.

>> No.53342651

>>53331489
I swapped all my Eth for Link this morning. FUCK VITALIK HEIL SERGAY

>> No.53342809

Im never selling. Also fuck kikes and jews and israel. Hope i get a cool id to brag on 4channel

>> No.53342827

>>53342809
EXTREMELY BASED AND DARE I SAY REDPILLED