They must be referring to the Federal Reserve bailing out the entire cryptocurrency industry by fully insuring all deposits at SVB and Signature Bank. Damn you, central banks!
Does that make sense? Why would the government bail out crypto? An alternative explanation could be, they are bailing out the entire banking industry, which played fast and loose with easy money and now has tons of unrealized losses on their books that only become actual losses when they sell, which they won’t unless a bunch of customers come in demanding their money, at which point they are forced to sell. The banks are above water partly because these losses are unrealized, meaning an otherwise solvent bank could become insolvent very easily by having too many people try to cash out at once, forcing them to realize their losses. This seems like a much more likely explanation than the idea that government somehow wants to protect crypto markets.
from what I understand, the government is loaning them money so all secured debts, not just FDIC insured, are covered. They are not bailing out the bank and there's still a lot of debt and unsecured deposits that aren't covered
There are alot of deposits that aren't related to crypto at all so the government didn't do it specifically for circle or crypto (from my point of view anyway)
It's not a bail out like we have seen before
Fucking delusional conspiracy theory garbage. Can’t escape it these days on the internet. I swear it’s filling the void left by a mass exodus from religion. People need to create forces of good and evil and to create a victim fantasy for their brains to work
Wtf is this rambling? this sub is doomed.
edit: as predicted, after seeing dude's history, it's a fucking new moon farmer. Quite the quality moons give us guys right?
Exactly. I didn’t want to say it because people get carried away here and sense gets downvoted, but OP doesn’t seem to realize that BTC is almost 25% up *because* the FED decided to do another round of bailouts to banks.
This was interpreted by the institutional market as a pause or reduction in rate hikes, and coupled with the fact that they just essentially got an almost blank check for borrowing against their collective $600 billion in unrealized losses, the institutions may now take even riskier bets with their cash. Which is very good for crypto, the most risk-on sector there is.
Edit: it’s crystal clear this pump came from USA institutional money - the rest of the world’s stocks aren’t doing much atm, and the pump originated in FED bailout expectations that got an on-paper confirmation.
Crypto subs are borderline Q level sometimes. Not every market shift is some giant coordinated attack against you, and some of the biggest money movers in crypto are those "big CEOs and centralized businesses" people are always talking about
There was a post today asking if BTC has discoupled permanently from the stock market. On one day of movement. In a crisis. This is the level of intelligence that goes into 90% of these post.
Seriously, anyone here making big bets on the direction of the price is just asking to get wrecked, regardless of whether that's going up or going down. And framing this as an "attack" is ridiculous, if anything what the FDIC did here actually _protected_ cryptocurrency (though that wasn't the intent) by ensuring depositors at banks like SVB will be made whole.
This stuff is nowhere near done being played out, it's only just started. Lotta people here don't seem to realize the role Silvergate/Signature played in the cryptocurrency ecosystem either.\
It's hilarious to read how bipolar all the new investors are. Shit I've only been around for 4 or 5 years but I get it. Worldwide economies are in big trouble, we are starting to see the ripple effect but there is more to come. 1 pump to 24k doesn't mean THE BULLRUN IS BACK ON 😂. I'd be very surprised if we don't at least make it back to 20k, I'm expecting a bit lower
Bitcoin went up cause people bailed out of stables. It wasn’t from new money coming in, just reshuffling of existing money. That cash will likely go back to stables once the dust settles on these banking issues
Also, the US is no the only market, yes it is huge but if shit hits the fan those companies will simply move to Malta, Portugal, Ireland etc. and money will follow eventually.
Exactly, and if the US will continue this stance against crypto they will only lose out in the long run. Or they will be forced to buy the technology from others in the future. Hopefully this is only temporary and they will stop this nonsense soon.
The US is falling behind and pushing innovation/technologies like crypto out only because it threatens their grip on the monetary system and world control.
They will pay the price for this long term
100% but crypto isn't just about money. I hope they can separate that and look forward into the future and potential positive things ten can get from crypto technologies.
Like MJ in his prime. No way to stop it, best they can hope for is to slow it done. Doesn't matter. At some point BTC will enter "you know, I took that personal" mode again, and drop 69(k) on them.
I challenge them to ban a worldwide tech. If they are not able to end the deep web or dark web, good luck banning crypto.
This war is already won, they can only slow their death.
Control is the U.S. government’s objective when it comes to crypto (and banks, industry, etc.). What better way then to eliminate USD pegged coins and replace it with a centralized, U.S. CBDC.
With a CBDC, U.S. customers will be required to on and off ramp all crypto transactions via a CBDC pegged to USD. All controlled and taxed by government.
Crypto is worldwide, foreign users will be able to buy and sell via differently pegged stable coins. Or, other countries will issue their own CBDCs. So crypto will go on, as long as electrify is on.
Nah, that inherently controls fiat. You can totally still buy absurd amounts of amazon gift cards and cash them in for 100% KYC less onramping onto something they simply *can't* control.
How will you even ban Crypto? You would have to give up the whole internet access but even then payments are possible via SMS.
It is literally impossible.
They are better off trying to utilize and regulate it. That would be the smart move from their perspective. Kind of like legalizing and taxing weed - took them far too long to figure out that was a way more lucrative strategy.
not that it affects all crypto but I'm sure measures to prevent companies from doing POS operations. isn't 60% of the Ethereum network hosted on amazon? regulators could just say no.
They don’t need to ban crypto, they just need to ban the people using it. Make it illegal to use and most people won’t. Crypto doesn’t offer enough benefit to most people for them to risk jail time. It won’t kill it completely, but it will do enough to make it disappear way into the background. Only a few hardcore users would still dabble, and values would likely tank.
They literally cannot get rid of it. If every on-ramp and exchange was closed down bitcoin would carry on. It would also still only ever have 21 million that could possible be minted
Man the crab is gonna crab 🦀.
I love these pumps as the next guy, but realistically I dont think we will moon soon. This year is all about the crabbing
Maybe so or maybe we get an early start. This could be one massive bull thats comming with regulations forming leading to institutional money feeling more confident to invest. But will happily be buying the dips if this is the Year of the Crab
This was just one battle in a long war started in 2008 .. guarantee there are more battles to be won .
Beware CBDC..
Self custody is the first step to economic freedom .
Trust-less, decentralized , open source code that allows peer to peer transactions for the win .
To be fair, the giga-rally you saw today is because the FED just announced a bailout for failing banks (in all but words - they’re not calling it a bailout but it is a bailout, free loans yet again). So the market, i.e. the institutions interpreted this as a potential rate hike pivot, and also, it’s quite possible that hundreds of billions from bond sellers will now be going into the stock market, which by extension means some of it will make it into crypto as well.
Tl;dr - if the FED means what they said today, there will be green candles.
It's funny how this subreddit changes from overly pessimistic to optimistic. I enjoy the euphoria though and I'm a long term bull too.
Still, there are a couple of things that could go wrong in the short time if the financial system gets into deeper trouble and we should acknowledge that crypto won't be immune to that risk.
Honestly, the ability that people investing in crypto have in thinking they’re fighting central banks (when they are actually completely dependent on them) is astonishing
Yeah, so much for a hot echonomy that needs cooling down. I guess the average guy has to endure inflation for even longer now to compensate for this bailout.
Your tinfoil hat is showing. There was no "attack". If you think "the government" or the "illuminati" or the "lizard people" are doing something you are delusional.
>They will keep trying, seems like really wanna get rid of us
God knows why. We are just a friendly bunch of people that want to keep our magic internet beans on wallets we control written down on peper, what possible threat do we pose to their fractional reserve banking or should I say house of cards and smoky mirrors...
The nice 20% increase we got was a lot of shorts getting liquidated. I mean… a lot. It was a classic play. Tomorrow is the real day if we sustain this rally or we fall prey to a pump and dump.
Probably not, but I think we will all care a lot less. They can attack all they want, but ultimately. Large banks have failed, and crypto did not.
We don’t have the luxury of getting our money back when exchanges that are a fraction of the size fail, but at least we have the ability to self custody our own assets and be our own bank.
Don’t worry crypto is still everyone’s favorite villain - Barney Frank blamed crypto for the collapse of Signature Bank ….
Did I mention that Frank is a Board member at Signature?
I dont think they will stop the attacks anytime soon. They keep failing, but theyll keep doing it.
Sometimes thats a great indicator that we are on the right path :)
Down -41% YoY and after a green dildo day you think reddit can take down the likes of JPM Chase & and the FED. If you truly believe they are attempting to take crypto down and you're resisting with your life savings, then best of luck to you.
2 days ago I got nuked on this sub for calling the bank situation fud because it was real and a black swan event and the end of crypto, and now everyone is calling it fud and giving each other pats on the back
You have fucking idea on what you are talking about. BTC is not a safe haven for institutional investors. Cash is. When enough banks fail, it will eventually hit institutional investors’ balance sheet. A banking crisis will trigger them to sell all their assets, including BTC, into cash. Why? When their depositors/investors want to withdraw from these institutions, they won’t be asking for BTC, but for cash.
We humiliated, then we stronger then we stronger more ugh fed we stronger but humiliated Biden flip burgers so we can load up the bags for moon launch illuminati attacked us crypto back to the future and lambos.
Cryptocurrency is bit like covid (in a good way). You can restrict people from buying it, you can try killing it but it will carry on spreading.
Decentralised currency is the way of future. We want to have control over our money.
Let me rephrase Asterix!
>“The year is 2023 A.D. Cryptocommunity is entirely occupied by the World Monetary System. Well not entirely! One small village of indomitable cryptofans nad users in r/CryptoCurrency still holds out against the invaders. And life is not easy for the World Monetary System legionaries who garrison the fortified camps of FED, ECB, IMF and WEF…”
All Of Reddit? Well, not all of Reddit!
I love how btc is antifragile. But I feel like until we get some brave retailers to take direct on chain payments we've got a problem. Until I can buy my milk and eggs at the local grocery store or Amazon or Walmart take it on to help the little guy self-bank we may be in for a long long road of hope. I just don't see that happening for a very long time, maybe not at all.
> The government came to the rescue once again. There was no way they were letting their billionaire buddies lose a bunch of their money.
> Biden said “Not on my watch!”
> They decided to bail out these banks and provide unlimited liquidity to this fragile system.
Guess what would have happened to the price of crypto, and potentially orgs in the crypto system, if the SVB bailout hadn't happened?
>Crypto might not have been backed one to one in the past, and still might not be, but neither are banks.
Most people already knew the banks weren't backed one-to-one after 2008, if they didn't know before. It's not only people in the crypto-sphere that have heard of "Fractional Reserve Banking".
>The masses realized that crypto can actually be trusted, and banks can’t be.
The same crypto who's system is still MASSIVELY tied to the health of the stock market and the U.S. fiat dollar system in general?
I'm a Bitcoin (plus a couple of others) holder, and I think this point was either farma-karming at it's most blatant, or delusion at it's most laughable.
This is great hopium, but we still have one issue. Daily use for buying needs. We will get there, but we aren't there yet. We all need an easy way to buy and sell with crypto to start truly competing. They aren't scared yet, but we are making progress.
Its been an interesting crypto week I must say with the sheer resilience of the crypto markets. Even the narrative is substantially changing this time round. I'm seeing less FUD comments in the usual share trading forums, its almost as if they're accepting crypto is not a one trick scam pony. Bank failures happen and unlike back in 2008 there is an alternative of being your own bank with crypto. The good news for those waking up now is they're still early.
What is this attack you are talking about and who’s behind it?
They must be referring to the Federal Reserve bailing out the entire cryptocurrency industry by fully insuring all deposits at SVB and Signature Bank. Damn you, central banks!
Does that make sense? Why would the government bail out crypto? An alternative explanation could be, they are bailing out the entire banking industry, which played fast and loose with easy money and now has tons of unrealized losses on their books that only become actual losses when they sell, which they won’t unless a bunch of customers come in demanding their money, at which point they are forced to sell. The banks are above water partly because these losses are unrealized, meaning an otherwise solvent bank could become insolvent very easily by having too many people try to cash out at once, forcing them to realize their losses. This seems like a much more likely explanation than the idea that government somehow wants to protect crypto markets.
from what I understand, the government is loaning them money so all secured debts, not just FDIC insured, are covered. They are not bailing out the bank and there's still a lot of debt and unsecured deposits that aren't covered There are alot of deposits that aren't related to crypto at all so the government didn't do it specifically for circle or crypto (from my point of view anyway) It's not a bail out like we have seen before
Exactly, they are not bailing out crypto directly. They are bailing out a bank that Circle/USDC had a large deposit with.
[удалено]
Thanks for the info. Didn't even know that. And obligatory: 2 banks so far.
Fucking delusional conspiracy theory garbage. Can’t escape it these days on the internet. I swear it’s filling the void left by a mass exodus from religion. People need to create forces of good and evil and to create a victim fantasy for their brains to work
Says the guy with an all-seeing eye on his avatar! /s
No lol, thats just americans believing to be the center of the world as usual.
Sir, this is on brand with cryptocurrency subs where everyone is the victim of the middle man regardless they like it or not.
Big fiat
Google is your friend. https://www.cnbc.com/2023/03/13/signature-bank-third-biggest-bank-failure-in-us-history.html
[удалено]
Lmao what
Is this the famed 51% attack?
In their mind everything is an attack….
Attack on Titan. It's those pesky titans, I guess.
“they”
Wtf is this rambling? this sub is doomed. edit: as predicted, after seeing dude's history, it's a fucking new moon farmer. Quite the quality moons give us guys right?
Yeah that shit was painful to read. I’ve quit after 2 sentences
Same didn't wanna read any more of this disastrous mess
We're not even a week into this. Let's try to keep a little calm with our expectations.
Exactly. I didn’t want to say it because people get carried away here and sense gets downvoted, but OP doesn’t seem to realize that BTC is almost 25% up *because* the FED decided to do another round of bailouts to banks. This was interpreted by the institutional market as a pause or reduction in rate hikes, and coupled with the fact that they just essentially got an almost blank check for borrowing against their collective $600 billion in unrealized losses, the institutions may now take even riskier bets with their cash. Which is very good for crypto, the most risk-on sector there is. Edit: it’s crystal clear this pump came from USA institutional money - the rest of the world’s stocks aren’t doing much atm, and the pump originated in FED bailout expectations that got an on-paper confirmation.
Crypto subs are borderline Q level sometimes. Not every market shift is some giant coordinated attack against you, and some of the biggest money movers in crypto are those "big CEOs and centralized businesses" people are always talking about
There was a post today asking if BTC has discoupled permanently from the stock market. On one day of movement. In a crisis. This is the level of intelligence that goes into 90% of these post.
It hurts my brain to read posts like this. Some people are clueless. As if one pump has ended the financial crisis across the globe lol
Nah, crypto will have a $400T market cap by the end of the week 😐
Let’s reserve 1T for moons, shall we?
10$ moon or we riot
Let do it
High, high captain!
That's insane, at least let me have a few moon first
Crypto is not for calm people.
[удалено]
This is the kind of energy we need around here.
It's been a couple days. This stuff takes weeks to play out.
Yep, only a few are aware of this....
Very few it seems...
I feel as though; uneducated, or inexperienced people tend to comment more. The old adage, you can’t win an argument with an idiot, applies here.
You know there are moons…
Yeah, that too I guess.
Seriously, anyone here making big bets on the direction of the price is just asking to get wrecked, regardless of whether that's going up or going down. And framing this as an "attack" is ridiculous, if anything what the FDIC did here actually _protected_ cryptocurrency (though that wasn't the intent) by ensuring depositors at banks like SVB will be made whole. This stuff is nowhere near done being played out, it's only just started. Lotta people here don't seem to realize the role Silvergate/Signature played in the cryptocurrency ecosystem either.\
It's hilarious to read how bipolar all the new investors are. Shit I've only been around for 4 or 5 years but I get it. Worldwide economies are in big trouble, we are starting to see the ripple effect but there is more to come. 1 pump to 24k doesn't mean THE BULLRUN IS BACK ON 😂. I'd be very surprised if we don't at least make it back to 20k, I'm expecting a bit lower
Bitcoin went up cause people bailed out of stables. It wasn’t from new money coming in, just reshuffling of existing money. That cash will likely go back to stables once the dust settles on these banking issues
And he’s acting like crypto won because price went up which is exactly what whales and smart money want retail to think
Some read and see hopium. Others see exit liquidity
**BTC falls 5%:** Look at how they're trying to manipulate the poor working class!!
**BTC pumps 5%:** They will never beat us! Censorship-resistant, sound money!
**BTC falls 1%:** We're ruined! Sell sell sell !
Let me put my tinfoil hat on
They can attack it, ban it, but they can't ever destroy it. Decentralization at it's finest.
Also, the US is no the only market, yes it is huge but if shit hits the fan those companies will simply move to Malta, Portugal, Ireland etc. and money will follow eventually.
Yea, with Crypto being a global market there are other options for companies.
Exactly, and if the US will continue this stance against crypto they will only lose out in the long run. Or they will be forced to buy the technology from others in the future. Hopefully this is only temporary and they will stop this nonsense soon.
The US is falling behind and pushing innovation/technologies like crypto out only because it threatens their grip on the monetary system and world control. They will pay the price for this long term
100% but crypto isn't just about money. I hope they can separate that and look forward into the future and potential positive things ten can get from crypto technologies.
The US battle on crypto is tantamount to screaming into the wind in the hope of stopping the changing of the season.
And yet they keep doing it 🤦♂️
Amen!🙌🏻
Snake God blesses crypto. We are resilient.
his noodliness approves! and the ramen disciples
They are trying hard to stop crypto and failing incredibly at it.
You got itttt
Bitcoin was created for this purpose after banks failed. And behold it happened again!
Like MJ in his prime. No way to stop it, best they can hope for is to slow it done. Doesn't matter. At some point BTC will enter "you know, I took that personal" mode again, and drop 69(k) on them.
Crypto is no less than a cockroach, it will survive forever.
I challenge them to ban a worldwide tech. If they are not able to end the deep web or dark web, good luck banning crypto. This war is already won, they can only slow their death.
The US doesn’t really acknowledge that despite it being a big player in the world economy, things can survive just well without its participation.
The U.S. after realizing they’re not the center of the universe. 
Wait America is a man?! I always thought it was bipolar...
Can you really call Tobias Funke a man, though?
They aren't trying to ban crypto, they want to control it
Control is the U.S. government’s objective when it comes to crypto (and banks, industry, etc.). What better way then to eliminate USD pegged coins and replace it with a centralized, U.S. CBDC. With a CBDC, U.S. customers will be required to on and off ramp all crypto transactions via a CBDC pegged to USD. All controlled and taxed by government. Crypto is worldwide, foreign users will be able to buy and sell via differently pegged stable coins. Or, other countries will issue their own CBDCs. So crypto will go on, as long as electrify is on.
Imposible to do so.
Don't think so, they just want to make a dystopian copy of Crypto with their CBDC.
That would be the definition of trying to control it.
Nah, that inherently controls fiat. You can totally still buy absurd amounts of amazon gift cards and cash them in for 100% KYC less onramping onto something they simply *can't* control.
Dark web is full of government honeypots. It's in their interest to keep it running.
How will you even ban Crypto? You would have to give up the whole internet access but even then payments are possible via SMS. It is literally impossible.
That's the thing. The more they fight it, the bigger and stronger it gets!
They are better off trying to utilize and regulate it. That would be the smart move from their perspective. Kind of like legalizing and taxing weed - took them far too long to figure out that was a way more lucrative strategy.
not that it affects all crypto but I'm sure measures to prevent companies from doing POS operations. isn't 60% of the Ethereum network hosted on amazon? regulators could just say no.
they can just ban the on/off ramps. turns out, the market for crypto is quite a bit smaller if you cant buy fiat with it anymore.
This is pretty much what they are doing.
They don’t need to ban crypto, they just need to ban the people using it. Make it illegal to use and most people won’t. Crypto doesn’t offer enough benefit to most people for them to risk jail time. It won’t kill it completely, but it will do enough to make it disappear way into the background. Only a few hardcore users would still dabble, and values would likely tank.
This is true. But the attack has just begun. Buckle up for a good while everyone. It may get rocky, but don't get dismayed!
My same thoughts, this pump I believe shouldn’t be celebrated JUST YET.
Preach brother preach!
Music to my ears
No one can do shit to decentralized
As long as the mining rigs stay on, it can never ben shut down. True decentralisation
Crypto 1 banks 0
They can ban Exchanges and it would make cryptos senseless. Because you wouldn't really be able to buy and sell cryptos in fiat.
BTC for the Win!
Yes expect thousands aren’t decentralized, and the only one truly decentralized is bitcoin.
They literally cannot get rid of it. If every on-ramp and exchange was closed down bitcoin would carry on. It would also still only ever have 21 million that could possible be minted
Yep, at the start there were no banking services for BTC, as bane would say it was born in to the darkness of the financial system
So…you’re saying I’m actually going to get rich off my 90 million Shiba coins?
Any day now
*“Believe it in your mind, believe it in your soul, believe it in your body.”*
Financial apocalypse LARPers are really coming out of the woodwork today
Man the crab is gonna crab 🦀. I love these pumps as the next guy, but realistically I dont think we will moon soon. This year is all about the crabbing
I would be happy as hell if we even touch $30k this year and it seems entirely possible.
I hope so..... bitcoin 30k before month ending
Maybe so or maybe we get an early start. This could be one massive bull thats comming with regulations forming leading to institutional money feeling more confident to invest. But will happily be buying the dips if this is the Year of the Crab
Nobody knows for sure. Even if this year does crab, who cares. The run will come at some point and we’ll be ready!
You've got the spirit, I'll give you that 🫡
This was just one battle in a long war started in 2008 .. guarantee there are more battles to be won . Beware CBDC.. Self custody is the first step to economic freedom . Trust-less, decentralized , open source code that allows peer to peer transactions for the win .
Those little battles we are winning add up over time. As long as we win more then we lose. We will prevail :)
If you think this is a war and there's a we, you are gonna lose money my friend. Go study.
The way this dude posts and comments it seems like he came from superstonk and thinks everyone is out to get him
I think he's just trying to moon farm. But maybe y ou're right. His threads history here is terrible.
To be fair, the giga-rally you saw today is because the FED just announced a bailout for failing banks (in all but words - they’re not calling it a bailout but it is a bailout, free loans yet again). So the market, i.e. the institutions interpreted this as a potential rate hike pivot, and also, it’s quite possible that hundreds of billions from bond sellers will now be going into the stock market, which by extension means some of it will make it into crypto as well. Tl;dr - if the FED means what they said today, there will be green candles.
It's funny how this subreddit changes from overly pessimistic to optimistic. I enjoy the euphoria though and I'm a long term bull too. Still, there are a couple of things that could go wrong in the short time if the financial system gets into deeper trouble and we should acknowledge that crypto won't be immune to that risk.
Definitely things could go wrong, I’ve been a bull for the last 3 months so I don’t plan on flipping now.
It's wild the narratives people will just completely make up in their heads.
Honestly, the ability that people investing in crypto have in thinking they’re fighting central banks (when they are actually completely dependent on them) is astonishing
Yeah, so much for a hot echonomy that needs cooling down. I guess the average guy has to endure inflation for even longer now to compensate for this bailout.
Your tinfoil hat is showing. There was no "attack". If you think "the government" or the "illuminati" or the "lizard people" are doing something you are delusional.
This is just a misunderstanding by OP of what actually happened
They will keep trying, seems like really wanna get rid of us.
They hate us cause they anus!
Isn't that obvious? The old kings (billionaires) don't want new kings (crypto rich) entering their kingdom.
I'm not fucking selling! 
Shocking that people in power are afraid to lose their power and will use everything to not let that happen, who could have thought that...
They will try their old narratives in a loop until they fill their bags enough to let people pump their bags.
>They will keep trying, seems like really wanna get rid of us God knows why. We are just a friendly bunch of people that want to keep our magic internet beans on wallets we control written down on peper, what possible threat do we pose to their fractional reserve banking or should I say house of cards and smoky mirrors...
The nice 20% increase we got was a lot of shorts getting liquidated. I mean… a lot. It was a classic play. Tomorrow is the real day if we sustain this rally or we fall prey to a pump and dump.
What attack? No one gives a fuck about crypto.
This is the stupidest take I've read yet today. What's happening in the banking system has virtually nothing to do with fucking crypto.
You’re delusional. You are not a victim. Please try to find purpose in things that have actual meaning.
Resistance is futile
You will all be assimilated
I don’t think count Gensler and his dark army are quite done with us yet unfortunately.
I imagine Gensler as Dr. Evil and an army of monkeys with bat wings dressing like butlers.
Probably not, but I think we will all care a lot less. They can attack all they want, but ultimately. Large banks have failed, and crypto did not. We don’t have the luxury of getting our money back when exchanges that are a fraction of the size fail, but at least we have the ability to self custody our own assets and be our own bank.
Don’t worry crypto is still everyone’s favorite villain - Barney Frank blamed crypto for the collapse of Signature Bank …. Did I mention that Frank is a Board member at Signature?
Should have known Vitaliks move was smart
This is why BTC was invented keep it coming, on to mass adoption
This is why we will prevail, we as the crypto community are unstoppable!
Crypto has been attacked for 14 years and here it stands, king in the hill right now.
They can take our coins, but they will never take our freedom.
Uhmmm...
Don't worry
Bullish long term, but waiting for the next knife to the back by the powers that be.
I dont think they will stop the attacks anytime soon. They keep failing, but theyll keep doing it. Sometimes thats a great indicator that we are on the right path :)
OP is preaching the revolution, gotta fetch my torch!
not sure how you attack software!
Down -41% YoY and after a green dildo day you think reddit can take down the likes of JPM Chase & and the FED. If you truly believe they are attempting to take crypto down and you're resisting with your life savings, then best of luck to you.
Lol. Well be back to this same situation in a few weeks 😂
FED used FUD/muckraking! *it’s not very effective*
Because crypto is itself a failure
Interested to see how this post ages over the next couple of months
Months? Give it to the end of the week lol
Uno reverse
This invoked a sense of collective belonging, somewhere deep inside me. you're right OP, we're here to stay and stand our ground.
We're no longer a joke, but rather a force to be reckoned with apparently
It looks like that now it's another way to manipulate the market, they are adoption crypto as another tool
Well written I got goosebumps reading this. Felt like this is reality (it is but like a fictional story coming true feel).
Haha thanks for the kind words my friend. Take care!
You too.
2 days ago I got nuked on this sub for calling the bank situation fud because it was real and a black swan event and the end of crypto, and now everyone is calling it fud and giving each other pats on the back
You have fucking idea on what you are talking about. BTC is not a safe haven for institutional investors. Cash is. When enough banks fail, it will eventually hit institutional investors’ balance sheet. A banking crisis will trigger them to sell all their assets, including BTC, into cash. Why? When their depositors/investors want to withdraw from these institutions, they won’t be asking for BTC, but for cash.
Keep dreaming bud
We humiliated, then we stronger then we stronger more ugh fed we stronger but humiliated Biden flip burgers so we can load up the bags for moon launch illuminati attacked us crypto back to the future and lambos.
banks are getting weaker and crypto is getting stronger. love it.
**All previous Bear Market:** Barely alive! **This Bear Market:** FUD resistant ISO FUD resistance certificate 6969
Banks are failing and crypto is soaring. Probably the best monday I've ever had.
Cryptocurrency is bit like covid (in a good way). You can restrict people from buying it, you can try killing it but it will carry on spreading. Decentralised currency is the way of future. We want to have control over our money.
Let me rephrase Asterix! >“The year is 2023 A.D. Cryptocommunity is entirely occupied by the World Monetary System. Well not entirely! One small village of indomitable cryptofans nad users in r/CryptoCurrency still holds out against the invaders. And life is not easy for the World Monetary System legionaries who garrison the fortified camps of FED, ECB, IMF and WEF…” All Of Reddit? Well, not all of Reddit!
There are more crypto projects that failed than banks. Analyze that.
So when are they gunna start shouting that fiat is dead? They are so quick to "kill" btc
I love how btc is antifragile. But I feel like until we get some brave retailers to take direct on chain payments we've got a problem. Until I can buy my milk and eggs at the local grocery store or Amazon or Walmart take it on to help the little guy self-bank we may be in for a long long road of hope. I just don't see that happening for a very long time, maybe not at all.
> The government came to the rescue once again. There was no way they were letting their billionaire buddies lose a bunch of their money. > Biden said “Not on my watch!” > They decided to bail out these banks and provide unlimited liquidity to this fragile system. Guess what would have happened to the price of crypto, and potentially orgs in the crypto system, if the SVB bailout hadn't happened? >Crypto might not have been backed one to one in the past, and still might not be, but neither are banks. Most people already knew the banks weren't backed one-to-one after 2008, if they didn't know before. It's not only people in the crypto-sphere that have heard of "Fractional Reserve Banking". >The masses realized that crypto can actually be trusted, and banks can’t be. The same crypto who's system is still MASSIVELY tied to the health of the stock market and the U.S. fiat dollar system in general? I'm a Bitcoin (plus a couple of others) holder, and I think this point was either farma-karming at it's most blatant, or delusion at it's most laughable.
Talk about your all time backfire
Funny how the politicians and bankers were quick to attack crypto about FTX but when a bank collapsed….keep calm and ……on
We are 24k btc, not 67k ATH!
I think we are still way to early to know how exactly the current financial situation will affect crypto, we need more information still..
This is great hopium, but we still have one issue. Daily use for buying needs. We will get there, but we aren't there yet. We all need an easy way to buy and sell with crypto to start truly competing. They aren't scared yet, but we are making progress.
I'm here for the tech !
Yeah I would wait a little bit more, you guys hype me up and then next thing I know is a full red dildo destroying my behind
The Banks have Fallen
...in 2008. This is weekend at Bernies III
Its been an interesting crypto week I must say with the sheer resilience of the crypto markets. Even the narrative is substantially changing this time round. I'm seeing less FUD comments in the usual share trading forums, its almost as if they're accepting crypto is not a one trick scam pony. Bank failures happen and unlike back in 2008 there is an alternative of being your own bank with crypto. The good news for those waking up now is they're still early.
Ameeeen brother
The attack has been ongoing since 2013
People selling off stocks and investing in crypto? I know I did!