BANK

Crypt0fart

Get your coins off the exchanges guys. BLEED THEM DRY. BITCOIN BANK RUN 2023 👍✊✌️

liv2cod

Governments are addicted to managed economies with their control over money printing and interest rates. If you are a student of history, you quickly realize this is exactly what the US Constitution was created to stop. Central economic control always enriches those in power at the expense of everyone else. Janet Yellen has been paid MILLIONS of dollars by the banks she "regulates" in the form of speeches. Now she is choosing WHICH banks to bail out and which to allow to fail. Bitcoin eliminates this central control. That's why the power players now see it as the enemy they must stop. It's not a coincidence that Signature Bank was suddenly seized, even though it had no "run" going on. It was just the MAIN BANK for the crypto industry, since Silvergate and SVB had just been shuttered. It was a planned, calculated attack on bitcoin and crypto. It's been called Operation Chokepoint 2.0 (since 1.0 was aimed at gun makers and sellers). It will be interesting to see how bitcoin responds when the on- and off-ramps are closed to fiat currency in the US. The administration plans to make it impossible to bank with crypto exchanges, thus cutting off American's ability to buy and sell bitcoin. P2P exchanges like Bisq offer a tiny fraction of liquidity to US buyers and can't pick up the slack. I'm not sure how an American goes about creating a foreign bank account just so they can buy and sell bitcoin. They sing about the "Land of the Free" but as far as I can see, US citizens have less financial freedom than most of the world right now, and it's being diminished by the day.

4inalfantasy

The objective of crypto is to achieved independence from banking industry. This is true and we are not there yet. While we have some side saying how crypto gain when banks falls and all that, the thing is ppl failed to realize, this SVB only looks big because media wants it to look big. All of these are just some plaything from the 1%. If you compare SVB to REAL MEGA BANK aka those big fish Citibank, Swiss, HSBC, SVB are just like a potato to them. All these are just another day of happy gain for the 1%. Nothing more than that. Ofcourse some industry will be shaken, or many stocks holders will be affected, but again it's just the smaller one amd not those in Power. My outlook is simple. I only trust myself especially in investing and don't really care much about what influencer, medias or even so called analyst say. Btc gonna be 1M? Sure but i still not gonna care. LoL. My believe is Crypto going to be big, much much bigger than what it is today and this couple years are just the start of it. So im gonna hold for atleast 10 years. But i won't listen to what media say. Atleast of i did makes a wrong decision, only got myself to blame and fully aware that i won't regret it.

AccomplishedView4709

On the consumers and small business side, we already have zelle, venmo can can process small amount of cash instantly, 24/7/365. Unless FEDNow is free to use and allow much larger transfer amount like ACH, I wonder why Fed need to reinventing the wheel. Also any instant transfer also mean instant "BANK RUN", the Fed probably did not think that through.

seayourcashflyaway

Jan 3rd, 2009, a fake internet currency called “bitcoin” was released along with the following statement in Block 0: 
”The Times 03/Jan/2009 Chancellor on brink of second bailout for banks” https://blockchair.com/bitcoin/block/0 LITERALLY THE POINT OF BITCOIN’S EXISTENCE IS BANK FAILURES.

coinfeeds-bot

tldr; A Bitcoin true believer drove a Budget moving van in front of Silicon Valley Bank's entrance with the message "BE YOUR OWN BANK" plastered on the side. A video of the stunt, set to Pink Floyd's "Money" as soundtrack, was tweeted by an account with the handle @cryptograffiti. Many in the market believe crypto is rallying not because of fear triggered by the crisis itself, but rather the aggressive response from the government. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR. Get more of today's trending news [here](https://coinfeeds.substack.com).*

Dutchsteam

She should’ve focused on the risk that bigger banks have over smaller banks. AND THAT NOT EVERY BANK WILL BE STOOD GUARANTEED FOR! She should’ve mentioned that people who switch banks just because of the guarantee the fed gives to 2 banks are not responsible and are of equal as much risk when staying in a local bank. Not to say that this is true or anything, but be more confident in talking about this cuz it’s getting hot in the states now

masterbatesAlot

Try TANK SPANK BANK

samios420

SPANK BANK RANK. Difficult to say three times fast.

BountyBard

# CRYPTO ISN'T THE REASON WHY SIGNATURE BANK WAS CLOSED ^(it was our incompetence!)

Primary_Technical

SVB SIGNATURE BANK CREDIT SUISSE These were the actors that BTC was meant to defend against. If people really believe in satoshi's vision it will rise whenever centralisation bends its knees.

Umpire_State_Bldg

At 0:52 she's saying, in effect, ONE BANK can bring down the ENTIRE banking system. At 1:40 she's saying, "Yeah, fuck you. Our buddies matter and the rest of you can just fuck off and die." At 2:12 she's saying, "the entire banking system could be brought down by a single failure," again. But then at 2:26 she contradicts herself again, "the banking system is safe and sound..." unless one of their buddy banks fails. "Depositors SHOULD have confidence" in the system which can be taken down by the failure of one bank. At 2:56, she doesn't know what the rules are. She's the head of a system, but doesn't know what the rules are. It's her fucking JOB to know basic shit like that. At 4:28 she talks about, "the collapse of the banking system," (again) which she claimed (at 2:26) is "safe and sound". Which is it? She's fucked up. She's fucked up. The system must be fucked up and about to collapse. She's afraid. Look at her. Listen to her. She is quaking in her piss-filled boots. The banking system is about to collapse. Remind me to buy extra popping corn this weekend.

flawlessfear1

B b b but.... its named THE BANK OF AMERICA

Castr0-

ANOTHER ONE. The shit is the same only the BANK, person, project is different.

Apocalypsis_velox

"scam concerns" says a BANK!

Playful_Aide8142

🚨 BREAKING 🚨 THE SEC AND DOJ HAVE STARTED AN INVESTIGATION INTO THE COLLAPSE ON THE SILICON VALLEY BANK THEY ARE ALSO INVESTIGATING THE STOCK SALE OF INSIDERS DAYS BEFORE THE BANK COLLAPSED Oh how the table have turned...

0vindicator1

When I saw the uptick, this is exactly where my reasoning went as well. "OH GOD! FTX FAILED! EVERYONE GET OUT!" "OH GOD! A BANK FAILED! EVERYONE GET OUT!" "OH GOD! MY HOUSE BURNED DOWN, ALONG WITH ALL OF MY MONEY IN MY MATTRESS!"

FixedGearJunkie

Yea uh...never leave large amounts in the "bank". By buying Bitcoin you opted out. Sure sounds cool 10 years from now. But you gotta learn a little and ACTUALLY BE YOUR OWN BANK. Learn how to secure your shit. Takes like a few hours. Once you realize you need only secure a string of words from prying eyes you learn that you finally, for the first time, actually own something.

EpicHasAIDS

I will have to choose my words carefully so the soy brigade doesn't come after me but.. Here's how a fucking **CUSTODY BANK** works. They take your fucking money. They put it in a safe place for you and they can't use it. That's how BNY Mellon's **custody bank** works. It's that fucking simple. A fucking **CUSTODY BANK** is a specific thing. It has a SPECIFIC DEFINITION. The only fantasy world you are living in is the one in which you know what you're talking about. P.S. **CUSTODY BANK**. Look it up.

Zeratrem

We were all expecting a huge hike in march. A much needed hike if we want to tame the inflation. And now there will be only 25bps or even no hike. Inflation will skyrocket in next quarter. And probably recession will be much more deeper. Why? Because a BANK gambled with short term deposits by investing them in longer term instructions. Bravo!

fatfk69

>ANOTHER U.S. BANK FAILS OVERNIGHT. NOW IT’S THREE Three, so far...

tucsonvet

omg i am acting just like bart simpson SILVERGATE BANK FAILS SIGNATURE BANK FAILS also SVB fails as we have been talking about. the fed steps in to bail out everything money fully insured but there is no such thing as free money. the Chinese economy has been fucked for a while. we are heading to hyperinflation, there is no such thing as free money free food free unemployment. now we pay the price

SPYalltimehightoday

YELLEN ON THE BRINK OF BAILOUT WITH SVB BANK. Tick tock next block

Mostofyouareidiots

YELLEN: [EVERYTHING IS FINE, JUST KEEP YOUR MONEY IN THE BANK](https://imgur.com/t/this_is_fine_dog/MiWKZLD)

ussichan

JUST IN: U.S. GOVERNMENT EXPECTED TO MAKE 'MATERIAL' ANNOUNCEMENT SUNDAY TO SHORE UP SILICON VALLEY BANK DEPOSITS AND PREVENT WIDER FALLOUT via Reuters.

ussichan

YELLEN(United States Secretary of the Treasury) : CERTAINLY NOT LOOKING AT REPEATING BANK BAILOUTS OF PAST. Be ready for a crazy next week 📉📈.

TriggeredUBruh82

Isn’t the whole point of crypto (BTC) to keep the power away from government/big banks. And what does Circle do… put 20% of its reserves INTO BIG BANK!! Whats happened is the exact reason crypto was created to begin with. This is bad… beyond the point of typical FUD… especially when other stable coins hold large amounts of this stable coin as reserves. This has got to serve as a lesson in the crypto space because this type of thing can damage crypto beyond repair.

masterbatesAlot

In 2015, Dems tried to set the cap at $50Billion -- meaning banks worth over $50Billion had to live by stricter rules to avoid going belly up. But Silicon Valley Bank CEO didn't want the Fed oversight, so told (GOP majority) Senate to raise the cap to $250Billion.... they did in 2016..... Trump signed it..... and that brings us to now, surprise surprise surprise. *Trump signed the bill despite a report from Democrats on Congress’s joint economic committee warning that under the new law, SVB and other banks of its size “would no longer be subject to nearly any enhanced regulations”.* *The bill was supported in the Senate by 50 Republicans and 17 Democrats, including the Democratic Virginia Senator Mark Warner, for whom Becker held a fundraiser at his Menlo Park, California, home in 2016,* https://www.theguardian.com/business/2023/mar/11/silicon-valley-bank-weaken-risk-regulations-svb SEC. 401. ENHANCED SUPERVISION AND PRUDENTIAL STANDARDS FOR CERTAIN BANK HOLDING COMPANIES. (1) in subsection (a)-- (A) in paragraph (1), in the matter preceding subparagraph (A), by s**triking \`\`$50,000,000,000'' and** **inserting \`\`$250,000,000,000''**; and...

BuzzardLightning

Perhaps the main ethos of Bitcoin is “BE YOUR OWN BANK”

JERMYNC

SiliCON / BANK / CEO a trustworthy trio there

XDonovan

WHO THE FUCK PUTS 100M CASH IN A FUCKING BANK ACCOUNT LMAO Point is, whoever was doing that was being a very poor steward of their assets.

set-271

BOBBY NAKAMOTO (President of Nakamoto Used Tires & Satoshi's Estranged Brother) or SILICON VALLEY BANK Who do you trust?

duracellchipmunk

Wouldn’t BANK on that

golden_bear_2016

People are realizing that banks are corrupt and will only lead to loss of wealth, crypto is the only safe asset. Silvergate collapse is a big step towards crypto dominance. **ONE BANK AT A TIME**

ussichan

TIMELINE OF SILICON VALLEY BANK, $SIVB, COLLAPSE: 1. SVB begins to face run on bank as $91 billion in bonds face interest rate risk 2. Firesale of $21 billion bond portfolio is announced 3. Over $1.8 billion is lost during firesale 4. SVB announces $2.3 billion share sale to cover bond losses 5. Credit agencies cut SVB's credit ratings 6. SVB fails to raise capital as investors panic 7. U.S. banking sector loses nearly $100 billion in market cap in 24 hours 8. SVB announces intention to sell the company 9. Regulators and FDIC take control of SVB 10. Second largest bank collapse in US history seemingly happens overnight Currently, 93% of all deposits at SVB are ABOVE the $250,000 FDIC insurance limit.

ussichan

SILICON VALLEY BANK +93% of the bank's $161 billion customer deposits are NOT insured per a recent regulatory filing - Bloomberg Man they are coming so hard bashing on crypto while their prestigious financial " *regulated*" institutions are going down.

golden_bear_2016

Nope, we are that much closer to crypto being dominant. **ONE BANK AT A TIME**

Adrewmc

Coinbase’s goal (IMHO) is to end up being THE LEGITIMATE CRYPTO BANK in the USA. They are going to jump through every hoop put in front of them to do it. Anything the SEC requests of them I believe they will do so with a smile and looking at the prize (all US customers) at the end of the line.

Blueberry_Dependent

"What if I told you that THERE IS NO MONEY IN YOUR BANK ACCOUNT"

DukeThom

Why I believe the banking system is broken: ME: tries to send friend $20 on a Saturday BANK: we’re sorry, that will have to wait until Monday. Or you can pay a $25 fee and we’ll make sure he gets it by Monday.

Ireallyasked

They stopped funding Tesla, cause he wanted to make electricity free, as they said," if we can't put a meter on it, we don't want it" or something like that. Moreover they are a **BANK** , a fucking **BANK**

GapingFartLocker

Lmao does anyone else see the ad video with SBF at the top of the article? >How common are Ponzi schemes in crypto? **Crypto Billionaire** Sam Bankman-fried weighs in. Let's just ignore that the headline fails to mention he's a fraudster and have a look at the audacity of pointing at crypto Ponzi schemes in an article about a **BANK'S** involvement in one. It sure seems like a sad attempt at misdirection, though it's more than likely just an old article that is still making the rounds in their ad cycle.

bizmitch

The reason people are so scared is due to volatility, and people freak out when they are losing hundreds, if not thousands, and thousands. This world is so “I want my money now.” They freak out when they don’t have the money they invested, that they thought they did anymore and may ride it for years and years like that until one day boom, it’s worth BIG BANK.

coinfeeds-bot

tldr; One of Germany's largest banking groups to leverage Metaco's platform to secure and service crypto securities and digital currencies. DZ BANK is one of the largest German custodians, with €297 billion assets under custody at the end of 2022. Metaco offers a versatile governance framework with customizable risk and compliance controls. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR. Get more of today's trending news [here](https://coinfeeds.substack.com).*

SocietalEngineering

Those stats are a story made up by the government to get you to feel comfortable paying more taxes. If you knew real teachers, you would know this wasn’t true. Teachers make BANK.

Ajax_A

"I am Sam. Sam Fried I am!" "THAT SAM-I-AM! THAT SAM-I-AM! I DO NOT LIKE THAT SAM BANK-MAN!" "Do you like my Crypto SCAM?" "I DO NOT LIKE IT, SAM BANK-MAN! I DO NOT LIKE YOUR CRYPTO SCAM!"

RelativeTurbulent265

Because they try to be a BANK they do the same with our savings give us 0,1% on our savings and the trade all kind of products or just loan it some poor soul that starts a company for 10% instead. Gotta love the interst margin easy money

dkran

You never responded to my comment about a mixer automating you “privacy pitch”. Ok. I’m a business. I get paid by my vendors. I don’t want them to know the cost basis of my products and how much profit I’m making. The vendors wallets may be known, and mine as a business is known since my clients submit payment to it (NOT UNLIKE A STANDARD BANK ACCOUNT, but everyone can view the chain, customers are not privy to standard banking information.). I prefer to keep my cost basis unknown.

Beyonderr

Meanwhile on Twitter: *EXCLUSIVE: BINANCE HAD SECRET ACCESS TO SILVERGATE BANK ACCOUNT OF U.S. PARTNER http://BINANCE.US - COMPANY MESSAGES* Yeah this isnt exactly shocking news.

doggiedick

I’ve been saying this but people don’t believe me: *PEOPLE ARE NOT READY TO BE THEIR OWN BANK*

Getouttabed77

BankersDream BANK$

French_baguette50

I want to Financial corrupt GOV/BANK to have less power, and more power to the people.

FreeSushi69

Yes it is for the poors. DRS BOOK GAMESTOP MOASS BE YOUR OWN BANK. Dont be a debt slave for the rest of your life

Dry-Category-3410

Ah yes, FUD at its finest. I'm gonna get downvoted into oblivion for this, but this is pure FUD clickbait. What really happened: Binance has paused USD BANK TRANSFERS ONLY. These are used bt only 0.01% of all users. That's 1 in 10.000 users. AND THIS ISNT EVEN HAPPENING ON BINANCE.US. Clickbait trash.

J17ster

Regulation has never worked? Well it works because in the 15 years of using a BANK, i've never lost my money. I think you just don't really understand what regulation means. REGULATION prevents fucking shambles like FTX, LUNA, 3 arrows and all the centralised lending platform crap that basically lied and scammed it's user base out of capital with little to no repercussions. No asset class is going to succeed if half it's user base can be preyed upon with no recourse, whether you agree with that or not. Just because you see yourself as a more sophisticated refined actor who wouldn't be caught up in the trappings of the space doesn't make it any less true that without REGULATION (and it's coming), we aren't moving forward. Why do i trust regulators? Why do you trust an unregulated space that repeatedly shows all it wants to do is take it's users capital. The fucking irony ...

kajunkennyg

Or… What stocks does Charlie Munger own? In Charlie Munger's portfolio as of 31 Dec 2022, the 4 holdings are (BAC) BANK OF AMERICA CORP (43.67%), (WFC) WELLS FARGO & CO (37.68%), (BABA) ALIBABA GROUP HOLDING-SP ADR (15.15%) and (USB) US BANCORP (3.50%).

Getouttabed77

BankersDream BANK$

jt7855

The not responding happened with clients of BANK OF AMERICA.

Getouttabed77

BankersDream BANK$

Plane_Baby

Read Alex Gladstein's piece, "STRUCTURAL ADJUSTMENT: HOW THE IMF AND WORLD BANK REPRESS POOR COUNTRIES AND FUNNEL THEIR RESOURCES TO RICH ONES" https://bitcoinmagazine.com/.amp/culture/imf-world-bank-repress-poor-countries

AodaFyr

By now it should be clear that FTX is an inside job. To take crypto industry under controll FED needs a big loud case as an excuse for excessive regulation. That is why SBF gets so much sugar coating from the legacy media. He's in a circle. What he committed is not crypto fraud but good old BANK fraud. But they don't talk about regulating and limiting exchanges. They want to regulate coins and tokens and limit people from buying it.

Getouttabed77

BankersDream (BANK$)

Whatsup167

Why not ban gambling ads then as well? Hell, ban alcohol ads too since we don’t think people can responsibly handle themselves without government intervention. As stupid as I think crypto advertising is, it’s no different than gambling ads. You also have to look at who wants to ban it: The CENTRAL BANK GOVERNOR. These are just people with too much power trying to protect their own interests.

Primary_Technical

FUD - BANK RUN - NOT SUCCESSFUL ( collateral exists ) . Will save a lot of people's savings .

SmoothGoing

Credit cards are fine. If someone can't pay it off it's not the bank's fault. Whoever got the card understood the credit limit, the interest rate, and penalties for not paying. Then they voluntarily ran up the balance. Emergencies also, sure. But again, it's not the bank's fault if people cannot pay off the card. Don't buy more shit if you can't afford it. I meant cash ATMs. Banks provide those. Mine pays for most withdrawal fees as well. Great convenience. Bank wire is needed to move money. Bitcoin network does not move money, only sats. People who take out loans do so voluntarily and understand the agreement and terms. It is also a good service for someone to fund a large purchase and pay it off over time. Nothing at all wrong with loans. For someone who has decent credit and took out and paid off several loans bank shenanigans are irrelevant. You got what you wanted and made it work. Oh gain with funneling money to the very top. OPEN YOUR OWN BANK! Go ahead and do it. Start small then grow. Then sit back and watch profits roll in. Become the very top. Bitcoin is not money.

MrTrendizzle

Would a bank ask you to deposit funds to unlock your savings account? Why would crypto be any different? NO-ONE WILL EVER ASK FOR YOUR PASS PHRASE, PASSWORD, BANK DETAILS! Even if it seems legit. Even the tax man will just send you a cheque rather than ask for your bank details to deposit what they owe you...

pips_and_hoes

Is his name even real. SAM BANK MAN FREED

automatedcharterer

>FINRA Disciplinary Actions Online >Firm search: J.P Morgan Securities LLC >Displaying 1 - 15 of 2994 *sigh* Oh look, ere is a 1027 page report on the "regulatory events" (IE CRIME) maintained by the self reporting agency that works for them. https://files.brokercheck.finra.org/firm/firm_79.pdf a few of the felonies: >2 COUNTS OF FELONY WIRE FRAUD, IN VIOLATION OF TITLE 18, UNITED STATES CODE, SECTION 1343. NO PLEA DUE TO DEFERRED PROSECUTION AGREEMENT. SEE ITEM 4 FOR FURTHER DETAILS. ---- >JPMORGAN CHASE BANK, N.A. WAS CHARGED WITH FOURTEEN COUNTS FELONY COMPLICITY IN TAX FRAUD UNDER ARTICLES 1741, 1742 AND 1750 OF THE FRENCH GENERAL TAX CODE AND ARTICLES 121-2, 121-6, 121-7 AND 121-38 OF THE FRENCH PENAL CODE. ---- >JPMC WAS CHARGED WITH A ONE COUNT FELONY CRIME CHARGE IN VIOLATION OF THE SHERMAN ANTITRUST ACT, 15 U.S.C. SECTION 1 RELATING TO THE FOREIGN CURRENCY EXCHANGE SPOT MARKET ("FX SPOT MARKET"). JPMC PLED GUILTY PURSUANT TO A PLEA AGREEMENT WITH THE DOJ. ---- >JPMCB CONSENTED TO THE FILING OF A TWO-COUNT INFORMATION ("INFORMATION") CHARGING JPMCB WITH FAILURE TO MAINTAIN AN EFFECTIVE ANTI-MONEY LAUNDERING PROGRAM, IN VIOLATION OF TITLE 31, UNITED STATES CODE, SECTIONS 5318(H) AND 5322(A) AND TITLE 12, CODE OF FEDERAL REGULATIONS, SECTION 21.21, AND FAILURE TO FILE A SUSPICIOUS ACTIVITY REPORT, IN VIOLATION OF TITLE 31, UNITED STATES CODE, SECTIONS 5318(G) AND 5322(A) AND TITLE 13, CODE OF FEDERAL REGULATIONS, SECTION 21.11. BOTH CHARGES ARE FELONY CHARGES AND JPMCB PLED NOT GUILTY TO BOTH CHARGES.

Sparechange-_-

Puts on BANK OF AMERICA

Baecchus

Lmao there is no way in hell I'm touching a coin created by a fucking BANK. What do they think I'm in Crypto for?

VuhginaEater99

I ask questions cause I’m curious, I’ve yet to hear anybody awnser my question , I get you can store it in a cold wallet / hardware wallet but I still can’t get passed the fact that if the GOV has & is able to trace who the accounts belong to through the blockchain & tax you for those same bitcoins you’ve bought/sold how is it the peoples money then if a foreign/domestic entity can come up & swoop your bitcoin & if they can’t take it because it’s your “ seedphrase or number “ in your head I’m sure the irs would jsut throw you in jail for some type of weird money law How is it the “ People’s Money “ if it’s still being taxed on & monitored , the whole point of bitcoin is to be your “ OWN BANK “ & not have a BIG BROTHER looking @ my account

Adventurous_Staff565

You literally have no idea what you're talking about. You can purchase bitcoin literally anywhere in seconds with a debit/credit card and send it anywhere you want within minutes. The question has to do regarding BANK ACCOUNTS not credit or debit cards but your sir, need to do some research before replying.

Luccio

Trading is risky now days... but you do want to get the most out of those BTCs. We are on the verge of anew rise in BTC price. When it does happen, use your BTC to make purchases, pay bills, etc. We have this website in Canada that lets you do this. The BTC you spend, however, must be repurchased at a later date, say when the price drops again. Use you wallet as a BANK. Make yourself a loan with a promissory note to refund yourself. I did this back when Bitcoin was at 42k. Sold to pay bills and repurchased at 17k, to restore my Wallet(BANK). It's a nice exercise, try that out if you like!!! Something new to do with BTC, as we hodl on!!

Adventurous_Staff565

BANK ACCOUNT. Not credit/debit card dude

ChickenFave

Jesus, this is very accurate. I had a situation with my business bank account the other day. We tried to pay a small c£200 invoice to a website designer in Pakistan a few weeks ago. Logged onto the app. Set up as a payee. Made the payment. All good. A week later I get a message from the supplier asking for payment, which was weird because the money had exited my account the day I made the payment. Two days of customer service messages later and it turns out the payment had been withheld due to the account being in Pakistan. They then RESTRICTED MY BANK ACCOUNT until I provided them with the following information about the supplier. They didn't need anything major; just his full name, Dob, place of birth and a copy of his passport... Obviously I was furious. 3 angry days later I had the information they needed, and the payment processing took a further 8 days. I legit hate banks.

mesutdmn

Totally agree, They are "EXCHANGE" not "BANK"

moonkingdome

The BIS has givin the go for banks to be 2% into crypto in 2025.. So they should be worried.. GRANNYS GONNE GET HER SOME BTC AT THE BANK..away with those green flaps of paper..

LivingFondant1419

This very much feels like the end of the last bear market, lots of enormous gross companies making huge purchases and silently lining themselves up to make BANK in the next run while you ride their bags into the ground afterwards.

escodelrio

Dude, take a chill pill. I am laughing at the idea of BABY runs as opposed to BANK runs. He made a typo; it's funny. Find a little humor in life.

grndslm

The special thing about it is that there IS NO BANK.. In fact, there's NO MIDDLE MAN whatsoever. You're obviously missing what makes Bitcoin special in the first place...

Reference-Reef

>I cannot stress this enough...*BINANCE ISN'T A BANK*. Its a trading post. If a BANK needed 3 Billion it woud call then Central Gov't and printer would go brrrr..... Yeah you're right, banks are far more scummy

RagingD3m0n

I cannot stress this enough...*BINANCE ISN'T A BANK*. Its a trading post. If a BANK needed 3 Billion it woud call then central Gov't and printer would go brrrr..... We're comparing apples to mangos.

ZodiacManiac

🙈 because I can borrow DAI with my collateral…swap it for USD… pay my house/car/holiday off… buy DAI back when I AM READY NOT THE BANK (because I’m my own lender) and pay back my loan. 1% instead of 6%… pretty good don’t you think.

Novice89

One time I went to the bank and asked to withdraw like, 2 or 3k in cash to pay someone back. They got super weird about it asking what it was for, if I'd want a cashiers check, and that normally you have to tell them in advance when you want to withdraw a large amount of money. I was shocked. That is a large amount for BANK? It was pretty shocking at the time. Now I'm aware of how much our financial system is made up out of thin air. One reason I bought bitcoin :D

Vladimus44

>If bitcoin doesn't go back up, those losses will be realized and even greater than they currently are so yeah that's not a good argument. Yep. Which is why this is called a paper loss and not a loss. Because it hasn't been realized yet. It's not an "arguement". It's a basic understanding of definitions and words. Which you clearly struggle with. >Also TOURISM? REALLY? WHEN EL SALVADOR CENTRAL BANK THEMSELVES STATED THEIR GROWTH WAS FOR THE EXACT REASONS I LISTED >HOLY FUCK YOU ARE DUMB Yea. No question. You are extremely emotionally unstable and definitely crazy.