@MarketSniping, i wouldn't buy or sell this, pls don't be a degen and risk it it depegged even tho its 100% backed, so it proved it can fall..so stay safe
Tradersweekly
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@Cleerboy Supposedly Circle has billions of dollars stuck at SVB, which went bankrupt.
Cleerboy
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@Tradersweekly silvergate few days ago, SVB now, and it spread up to stablecoins, every stablecoin depeggged except for USDT I think this is just the beginning of a massive collapse
A-a-r
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@Cleerboy, I think nothing interesting will happen
Cleerboy
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@A-a-r for now yes.. But it's all building up Remember 2008 financial crisis took almost 2yrs until the big drop because everything kept hidden under the books until it blew up
A-a-r
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@Cleerboy, Do you think it will take longer or shorter if the same were to happen? I have the same feeling, waiting for something big to break / cool down the economy. What I don't see happening though is the same major panic / crash that we saw in 08.
jdo85
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@Cleerboy it will be good for bitcoin and crypto, seems that alot of people dont even know why satoshi created bitcoin in the first place...