Subnostr

BitcoinSandy 2y ago

🤡🌍

corndalorian 2y ago

They took out loans against JPEGs? 🤯🤦‍♂️

The Daniel 🖖 2y ago

They violated the first rule.

Never invest monkee that you can't afford to lose.

node 2y ago

loans against something that you can right-click save…

This is wild

corndalorian 2y ago

Avi Burra 2y ago

No replacement for rektucation

fstop.sats 2y ago

It sucks to see they’re getting liquidated on loans… when they could’ve sold half a year ago for the price of a comfortable house? Call me heartless but I don’t care and that’s why I’m fully off Twitter now.

I’m noting this while wearing an Ape Fest 2021 shirt.

The Daniel 🖖 2y ago

“I minted a Bored Ape at the top and all I got was this lousy t-shirt.”

fstop.sats 2y ago

The crazy part is I think I paid $45 for it, but I also don’t own an ape. Never have and probably never will.

The Daniel 🖖 2y ago

Pretty soon, even $45 will seem expensive for a JPEG.

. 2y ago

Rekt

Bauzen 2y ago

Time to stock up on apes bruh 🤡

Pleb⚡ 2y ago

Lol. So the lender lost dollar and get lousy monkey picture in return?

I think the lender is the bigger idiot here

The Daniel 🖖 2y ago

I’m no expert on how monkee lending works but I think there’s usually a loan-to-gorilla ratio where liquidapetion occurs before the lender loses the principal.

Pleb⚡ 2y ago

Say to liquidation ratio is at 75%

If the lender isn't able to sell the collateral monkey jpeg even after giving 25% discount to current price. Then the lender will also lose

Unless the monkey jpeg market is highly liquid, there is a chance the lender also lose here

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