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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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54038674 No.54038674 [Reply] [Original]

Spot trading for the USDC/USDT has opened on Binance.

Sit back relax and watch the carnage unfold frens.

https://www.binance.com/en/trade/USDC_USDT?theme=dark&type=spot

>> No.54038695

>>54038674
bullish

>> No.54038708

>>54038674
Why would there be carnage retard? /biz/ people are insufferably dumb, OP did you even go to school?

>> No.54038712
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54038712

>>54038674
All Signs are a GO

>> No.54038715

>>54038674
literally nothing happening

>> No.54038719

What carnage, no way to short

>> No.54038722

imagine being a richfag with thousands in usdc and risking losing everything because you didn't sell for 90 cents/dollar (which would also be the best case scenario if you get rescued by them)

>> No.54038725

>>54038674
What does this mean?

>> No.54038733

Nothing burglar

>> No.54038735

>>54038708
Please enlighten me about why you think everything will be okay and why you think that "it's just another nothing burger".

>> No.54038741

>>54038725
This means if you trusted the US government and muh regulations, it's over for you

>> No.54038746

USDC will most likely be fine. It's a 10% gain if you're willing.

>> No.54038747
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54038747

>>54038674
Hmmm... no lifeboats yet. Why isn't Circle immediately fixing this? The longer this goes on the more trust will fade in this "stable" coin.

>> No.54038756

>>54038735
Because it didn't collapse, retard.

>> No.54038762

>>54038735

Cause it's a libtard.

>> No.54038763

>>54038735
Only redditors and companies that scam redditors (blockfi, Circle etc.) are losing money.

>> No.54038767

>>54038747
Jews cannot work on the shabbat

>> No.54038791
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54038791

>>54038674
Jews.

>> No.54038807

>>54038756
>it didnt collapse in 15min therefore its a nothingburger
this will take a few days to resolve

>> No.54038811

>>54038747
>more trust will fade in this "stable" coin.
ALL "stable" coins

>> No.54038835

>>54038756
Users of the largest crypto exchange can now convert all their USDC into USDT, and considering that USDC is supposed to be a stablecoin, any price below 0.98 USD for a sustained period of time would imply that its value has collapsed against the dollar.

>> No.54038849
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54038849

>>54038735
Because for USDC to fail, and IF it fails, there are bigger problems at hand and there's no point in even caring to a level you cannot control.

>> No.54038866

>>54038674
futures wen

>> No.54038871

>>54038849
USDC going belly upwards doesn't matter, unless you are Jewish. Literally half the market cap of USDT.

>> No.54038873

>>54038849
Yes, but that is exactly why I care. This along with SVB is the snowball that will lead to the avalanche on Monday morning.

>> No.54038894

>>54038763
And isn't it fun watching redditors, mETH heads and shitcoiners lose all there money, whilst BTC and XMR maxis are completely unharmed.

>> No.54038946

USDC makes sense but why DAI?

>> No.54038961

this thread reminds me when UST was depegging and some fags here were saying that the crash was impossible because LUNA was going to prop up the price because it's a $1 stablecoin = $1.

>> No.54039063

>>54038871
if usdc fail, coinbase fail
if coinbase fail normie will never trust crypto ever again
peoples would cash out of the market from other exchange thus crashing USDT bringing down binance and the rest of the market

>> No.54039100

>>54039063
that's the plan
Q

>> No.54039137

>>54039100
Q this balls in your mouth jew

>> No.54039181

I hate to be a reddit but qrd? I browse /biz/ like all day every day and idk what's going on here

>> No.54039225
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54039225

>>54039181
they lost billions and their deposit wasn't insured (like 97%+ of the SVB deposits lmao)

>> No.54039259

>>54039225
So current valuation on Binance is accurate 0.91

>> No.54039276

>>54039225
Thanks. But only 8.25% of reserves? Feels like a nothingburger to me

>> No.54039288

>>54038767
More than enough Shabbos Goys to do the heavy lifting

>> No.54039341

>>54039276
3.3 billions with a bee, maybe even a wasp

it is triggering the equivalent of a bankrun which is what ends up killing stuff

>> No.54039486
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54039486

>>54038894
Yeah remember when BTC schizos said the floor of BTC at 22k was immovable? drawing lines and making up copium faster than the fed prints money? Shut up retard.

>> No.54039609

>>54038725
it means there is a short bus out the front of your spiritual healer guru compound and it is willing to take all the starving hungry cult members to another spiritual healer guru's house for the weekend as way to confirm your faith in your current guru.

>> No.54039731

>>54039486
The only one currently making up copium is you, and for the record I was a daily bobo poster until the FTX collapse happened.