They had funds but thiel took out 16 billion which isnt a small sum. Idk they had no business serving a client like that at a regional level. He played the system of regional banks and how they create a competitive market to big banks. Not saying i care just they shouldve weighed their position more on taking him on as a client.
Uneducated people tend to be sadists and narcissists towards anything they don’t understand. I think fundamentally we as humans should be more well rounded than resorting tribalism and its tactics.
Mainly because the founders fund, thiel took out like 16 billion lol they shouldnt have let such a high value client come in, shouldve let him go to the big banks like evryone else.
Thats what im saying i was having terra luna flashbacks lol i like certain risk when trading, i caught like 300% when celsius token bottom and went up, caught the big break on Credit Suisse stick when it bottom and went up abit, i like some decent %s back on luna when it bottom and started trending up but sold way to early to get that 34,000% over the summer it last year.
It was fucking risky lol every time i bought i was like welp this is the moment it goes down to shit 🤣🤣
I got level 8 fees on kucoin and pay fees in KCS for yhe extra 20% discount to minimize as much fees as possible.
I was arbitraging it for one whole night I started with 100 tether, converted to usdc at 89 cents, it went up a few cents i reconverted to USDT, when it went down i converted to usdc again, when it went up back to tether. I didnt this until i had close to 1000 tethers from 100. Imagine doing it at a thousand dollar level lol its at 99 cents now. Fucking wild.
The arbitrage opportunities this weekend were ridiculous, man i wonder if we will ever see that opportunity ever again.
And whoever that was is a genius lol
I know thats why btc is so good im just wondering where tf this thing went wrong at and if we could ever find the answer to it because who in tf has backdoor access like that if not a “hack” circle didnt unmint 3 billion coins to match the speculative 3 bill loss so somewhere someone started a mass arbitrage moment
Speculation doesnt drop prices tho im wondering where tf this things price dropped and how and why. Someone sold a coin under a dollar first and im wondering who set off the chain reaction
Well i know that ive been coding and programming and have a guy that works at JP Morgan. What im saying is how tf did the price drop when no of the central authorities that have the power did anything lol
But then circle unminting and minting would only affect prices on charts does that make sense? Its not people were able to sell them bellow a dollar on exchanges the price just somehow went down
If saylor dumps his btc and so on the price will go down, its still subjugated to manipulation chinas cease and desist memorandum cause the crypto winter of 2017.
But technically how does that affect the coin when the same amount of coins were “supposedly” in circulation.
The only way to dilute the value would be to mint more coins. A price drop doesnt happen without dilution, same thing happened in the AMC thing when they created the Ape coin
It just doesnt make any sense to me, there was manipulation somewhere. Someone knew this would happen.