19 MAY 2021 - Ow

[Leo Bonhart]

 

[Angry Shoes]

Embrace the pink

 

[Takodachi]

its really been over 3 years, hasnt it

 

[Blasterisk]

Guys, crypto is a surefire way to keep your money safe and is NOT a speculative currency.

 

[need shoeonhead nudes]

>check /biz/

Crypto is so fun and cool! Stress and losing money, creating nothing, wasting resources, empowering chinkfarms, fun fun fun!

 

[TerminalTryHard]

Anyone else having problems with coinbase? I can't buy the dip lol

 

[shameful existence]

Bought some $3 Tezos. When the panic was such that I was thinking of selling my most embarrassing coins, the exchanges went down, so I'm all good.

 

[Angry Shoes]

Anyone else having problems with coinbase? I can't buy the dip lol

This isn't financial advice, but this feels a lot like 2018 and I'd encourage you to wait a few days at least.

 

[TerminalTryHard]

Lol line go down

 

[Badungus Kabungus]

The fields of pink are very enjoyable to watch. Good time to buy if you can brave the $300 gas fees.

Edit: If you're really feeling paranoid, wait few days. Some coins are already recovering though.

 

[Jimjamflimflam]

So is this a good time to buy the dip?

 

[FatalTater]

It's going to go back up. Just wait.

 

[tehpope]

Jesus christ. At least I didn't invest everything I owned into crypto lol.

A bit of a shock when I checked my coinbase account this morning.

 

[PaleTay]

I'm half expecting the governments of the world to intentionally tank crypto at some point, maybe that's now.

 

[mindlessobserver]

The fields of pink are very enjoyable to watch. Good time to buy if you can brave the $300 gas fees.

Edit: If you're really feeling paranoid, wait few days. Some coins are already recovering though.

Tether reaches new lows in quest to avoid being audited - CoinGeek

Never forget that Tether used to tell you that it was 100% backed by U.S. currency, and it was only after an New York Attorney General investigation forced its hand that it ever admitted this wasn’t the case.

coingeek.com

I am feeling VERY paranoid atm

 

[Quixotic Man]

So what triggered the crash this time? Some guy in China trip over a power cord or something? Threat of an actual Tether audit? Witches accidentally sacrifice the wrong goat? Crypto pricing is amazingly esoteric.

 

[mindlessobserver]

So what triggered the crash this time? Some guy in China trip over a power cord or something? Threat of an actual Tether audit? Witches accidentally sacrifice the wrong goat? Crypto pricing is amazingly esoteric.

It was a perfect storm I think. Fears over Tether, Musk tweeting, the DDoS of shit coins on the Ethereum network, people who had large stacks staring at a massive profit and deciding to take it, the whole shebang.

 

[419]

Tangentially related news in light of the date at which this took place (only a day prior).

China bans financial, payment institutions from cryptocurrency business

China has banned financial institutions and payment companies from providing services related to cryptocurrency transactions, and warned investors against speculative crypto trading.

www.reuters.com

https://archive.ph/jRUyT

China bans financial, payment institutions from cryptocurrency business​

China has banned financial institutions and payment companies from providing services related to cryptocurrency transactions, and warned investors against speculative crypto trading.

It was China’s latest attempt to clamp down on what was a burgeoning digital trading market. Under the ban, such institutions, including banks and online payments channels, must not offer clients any service involving cryptocurrency, such as registration, trading, clearing and settlement, three industry bodies said in a joint statement on Tuesday.

“Recently, crypto currency prices have skyrocketed and plummeted, and speculative trading of cryptocurrency has rebounded, seriously infringing on the safety of people’s property and disrupting the normal economic and financial order,” they said in the statement.

China has banned crypto exchanges and initial coin offerings but has not barred individuals from holding cryptocurrencies.

The institutions must not provide saving, trust or pledging services of cryptocurrency, nor issue financial product related to cryptocurrency, the statement also said.

The moves were not Beijing's first moves against digital currency. In 2017, China shut down its local cryptocurrency exchanges, smothering a speculative market that had accounted for 90% of global bitcoin trading.

In June 2019, the People's Bank of China issued a statement saying it would block access to all domestic and foreign cryptocurrency exchanges and Initial Coin Offering websites, aiming to clamp down on all cryptocurrency trading with a ban on foreign exchanges.

The statement also highlighted the risks of cryptocurrency trading, saying virtual currencies "are not supported by real value", their prices are easily manipulated, and trading contracts are not protected by Chinese law.


The three industry bodies are: the National Internet Finance Association of China, the China Banking Association and the Payment and Clearing Association of China.

 

[Thomas Highway]

The only functions these stupid fake coins serve is to enrich criminals and make faithful spergs sleep at night.

That is all.

 

[melty]

Tangentially related news in light of the date at which this took place (only a day prior).

China bans financial, payment institutions from cryptocurrency business

China has banned financial institutions and payment companies from providing services related to cryptocurrency transactions, and warned investors against speculative crypto trading.

www.reuters.com

https://archive.ph/jRUyT

Lugenpresse at it again, this is not new news.

China Reiterates Crypto Bans From 2013 and 2017

Regulators cite the dangers of speculative trading.

www.coindesk.com