QUOTE(whyamiblack @ May 20 2021, 10:39 AM)
It was probably easy money for the ones coordinating it. Confidence ATH, people are taking crypto loans to take positions and on leverage. Even I thought of it but didn't have the balls on something new and unregulated like crypto. That long of a candle can't be anything other than liquidations. Whales are buying btc but taking it off exchanges which means for ants like most of us, better pray CZ does one heck of a job.
This makes me rethink lending. Is it really worth that little APY for major coins like BTC and ETH when really it just makes shorting easily accessible?
It's not that we the little guys were never unable to profit of it.This makes me rethink lending. Is it really worth that little APY for major coins like BTC and ETH when really it just makes shorting easily accessible?
The global situation has changed.
Before this, it was just a bunch of hardcore tech-informed people, forum shitposters and maybe CIA backed South American drug cartels.
Then news broke out about the high profit margins, and then governments and banks took real notice. Cryptos are now so proliferated that they are being used to enforce foreign policies.
It's no longer accurate to call cryptos memecoins anymore. We no longer have that sort of shitposting fueled power. It's invaded and controlled by the world's rulers now, as all good things eventually become.
May 20 2021, 11:09 AM

Quote
0.0510sec
1.96
7 queries
GZIP Disabled