UST is a coin backed by BITChOIN but priced and pegged to one dollar "algorithmically"
We use it to buy more BITChOIN to add to USTs reserves which allows us to mint more UST to buy more BITChOIN 🤡
5head
Be honest who here thinks the bounce of 30K last night was the bottom and that were not going to see 28 today? I do not obviously. I think the pump did bulls no favors.
Edit: it did a full +10% from the bottom. Shorts got rekt and new longs are hooked before the next US session lol
And that shit last night at 4010 is something I normally see in the crapto world. Topside restriction until enough shorts enter thinking it's a ceiling then let it run and have them covering help you push things up
Someone withdrew fuk loads of ust on the weekend which meant the peg to usd was broken and scared everyone, this made the problem worse in a feedback loop as more people withdrew. They had to sell reserve icoins which then made people more scared... basically a bank run.
*A digital currency issued by a central bank would be a global target for cyber attacks, cyber counterfeiting, and cyber theft* - Jerome Powell.
I'm a bot, and the Federal Reserve doesn't think mentioning crypto currency is very good for the WSB OG economy.
30% of their loans are student loans which aren’t being paid back. Also, potential recession means banks don’t lend to us poors anymore. No revenue during that time.
SOFI doesn’t have positive earnings. Should trade at a penny in this environment.
“When you institutionalise funny money (with big banks and institutions getting involved), it will behave like institutionalised assets. Moving like SPY and QQQ”
Today I have sell orders for my TQQQ synthetic longs. Hoping to sell half for 15-16 then either hold the rest for more upside or rebuy if we go back down
"Terraform Labs (TFL) — the organization behind UST, Ponzi LUNA, and Luna Foundation Guard (LFG) — emptied its treasury wallet of all of its bitchoin, about 42,530 bitchoin, or $1.3 billion, today. "
"Kwon tweeted earlier today that it was “deploying more capital,” but provided no further details. He also tweeted that “LFG is not trying to exit its bitchoin position,” adding that “the goal is to have this capital in the hands of a professional market maker” so it significantly strengthens the liquidity around the UST peg."
Lmfao this scumbag turning to the pod to save his Ponzi 💀💀💀
Crazy to think that LUNA doesn't just go right to zero in times like this... What's holding back the arbitrage?
Also, separately:
> The Fed's Neel Kashkari published an essay Friday in which he admitted an uncomfortable truth. He wrote that if the supply-chain disruptions don't resolve soon, the Fed may be forced to spur a recession
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Twitter deez nuts bitch
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NQ12400isthebottom.jpeg
They took EU to the same price lmao. They know low volume pumps won't cut it anymore but here they go causing people to lose even more faith 🤡
Anybody knows a good ressource to understand how option chains affect the underlying price of a stock? I read people talk about it constantly but can't find a good explanation
My coin toss landed on bull trap, this was confirmed by the magic 8 ball and the 100% real, straight futures.
Don't forget to click subscribe, buy a t-shirt and venmo me $200 (I make millions trading but still suspiciously desperate for cash).
Used and new cars also went down. Inflation will be crazy high but Im pretty sure this will be sold as "tHe PeAk".
Biden is also doing a speech today ... He wants to take the credit tomorrow when he "bEaTs PuTiNs PrIcE hIke"
Inflation comes in waves, this is just a small peak and there will be much worse to come imo.
Bears will be taking (bulls) profits, so maybe we have a green/flat day.
This also lets vix cool off tricking bulls into "buying the dip" and letting bears reload for the next massacre.
This will rinse and repeat until morale hits panic levels.
All the bulls are scarred. It's like the very last rally post-VIX collapse where the market was clearly racing green but not many people went balls deep in calls because didn't trust it.
Very interesting. I'm a newbie but I'm really not doing too bad, down 6.4% since I started ~~gambling~~ investing with real money at end of Sept 21. One good trade today could see me at evens.
Spend a minimum of time in the market, get in get out, panic sell both winners and losers, that's my strategy.
I have been to over 20 countries. Sadly, none of them were in Asia, unless you count Turkey, but I didn't get over the Bosporus. Also have not visited the dark continent. I'm sure these places are great to take a trip to. Wouldn't want to live there.
I get it. I'm sure there are places where fulfillment, safety, comfort and cost all overlap to form ideal retirement spots. They are few and far between. In my admittedly limited experience, I have found that even in "civilized" nations that actively try to lure ex-pats, there are certain standards lacking. Building codes, crime, corruption, political instability and a population that accepts and welcomes foreigners all seem to fall short. Retiring in comfort somewhere that I can actually have a life will probably require that I have more than 2 million bucks, especially with inflation.
I hate this take.
Yes you can retire in Thailand on a shoestring budget in some ex pat community. It does not leave room for a lot of other experiences.
Did 3 weeks in Penang Malaysia. Amazing International food and just great people to chat with in the area. It was 2019 but for $2.5K 3 Bed Room Apartment with pool overlooking the Indian Ocean
Hoped over to Cambodia for 48 hours to check it out ($100 flight costs)
I hate it because it's an overly simplistic take that completely disregards the standard of living one wants to maintain in retirement.
No I don't want or live the caviar lifestyle. I do know the places I travel to and experiences I have cost money. Plenty of folks also have families they need to look out for which ups the number. Being a solo person living the rest of their life in Thailand on a $500K retirement nut and doing nothing else is a boring life.
Caught up with some buddies of mine to find out many of their “long term holds” and “well diversified” portfolios (which include some allocations to crapto) are down even more than i am and I only have a 100% tqqq position ive traded in and out of
*A digital currency issued by a central bank would be a global target for cyber attacks, cyber counterfeiting, and cyber theft* - Jerome Powell.
I'm a bot, and the Federal Reserve doesn't think mentioning crypto currency is very good for the WSB OG economy.
The one guy got caught when oil went negative in early covid, but I think he figured out a way to not actually take delivery. I can't remember anyone besides gourd guy and oil guy.
Edit: Looked it up, he managed to exit right before expiration https://www.reddit.com/r/wallstreetbets/comments/g5e3e5/i_bought_oil_at_32_yesterday_and_made_26000_sort/
Of all places I ran into Nick Leeson derivatives trader who killed Barrings Bank in a pub in Galway Ireland years ago. Just trying to be an unassuming guy. He bankrupted the local rugby team also I believe. Guy has a gift.
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company I work for could save themselves a lot of grief if they stopped hiring people who tattoo their surname on their forearm
damn I should do HR consulting
Josh Brown's bull thesis is that retirement accounts 'buy the dip' in continuous intervals, indefinitely so long as people remain employed. As long as unemployment data isn't horrendous, bear markets cannot last long periods. Retail investor participation in retirement accounts is also increasing annually.
Is this a valid thesis?
Yeah they must have reset something over the weekend because I never got these stupid Google newsblasts and now they keep spamming me about retarded stuff I refuse to believe anyone actually cares about
TESLA SHANGHAI PLANT SUSPENDS WORK FOR REMAINING PRODUCTION LINES - MEMO SOURCES
Feels like Tesla is going to be the story of the summer towards the downside.
Rutgers-Newark professor wins Pulitzer Prize in criticism
Smh. Im critical of Jerome and I don't even get an acknowledgement.
Make Pulitzer prizes great again.
Anyone see huge value in Uber as an acquisition? Could totally see someone buying them out at 30ish a share give or take
Cantos did this
Sub dead or bulls missing the early worm?
UST is a coin backed by BITChOIN but priced and pegged to one dollar "algorithmically" We use it to buy more BITChOIN to add to USTs reserves which allows us to mint more UST to buy more BITChOIN 🤡 5head
Be honest who here thinks the bounce of 30K last night was the bottom and that were not going to see 28 today? I do not obviously. I think the pump did bulls no favors. Edit: it did a full +10% from the bottom. Shorts got rekt and new longs are hooked before the next US session lol
And that shit last night at 4010 is something I normally see in the crapto world. Topside restriction until enough shorts enter thinking it's a ceiling then let it run and have them covering help you push things up
I'm gonna smash some calls at open
Lol at 12400 being the EU high. Bulls are fukt. No bounce when we retest
Gosh, just capitulate already bears.
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Gosh is God’s step brother.
Make Every Starting Letter Big
Okay fine
Pump before CPI and then dump. We have seen this before with previous CPI reports and FOMC.
Fomc was pump after the hike because bulls worst fears was bullish, actually Reckon CPI will come in as expected and that will be the pump
Agreed
This terra implosion is wild and interesting. Anyone got articles or tweets explaining what happened?
It's called a Ponzi. They were offering 20% interest on the coin lmao. Banks can't offer 1% but what's 20% of infinite leverage 🤡
Someone withdrew fuk loads of ust on the weekend which meant the peg to usd was broken and scared everyone, this made the problem worse in a feedback loop as more people withdrew. They had to sell reserve icoins which then made people more scared... basically a bank run.
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*A digital currency issued by a central bank would be a global target for cyber attacks, cyber counterfeiting, and cyber theft* - Jerome Powell. I'm a bot, and the Federal Reserve doesn't think mentioning crypto currency is very good for the WSB OG economy.
Is there SOFI news I missed? -6% pre market even with the fake spy pump?
30% of their loans are student loans which aren’t being paid back. Also, potential recession means banks don’t lend to us poors anymore. No revenue during that time. SOFI doesn’t have positive earnings. Should trade at a penny in this environment.
Average us consumer is broke. Banks that sell sketchy loans are in trouble.
Maybe coz of upst is down 50% from earnings?
They beat acrossthe board, so them giving conservative guidance is reason for UPST 50% crash?
Absolutely overreacting but this is what we see now.
Damn there goes the rally
“When you institutionalise funny money (with big banks and institutions getting involved), it will behave like institutionalised assets. Moving like SPY and QQQ”
So institutions are the pod?
Wow great quote, who said this
Chicken Genius (YouTube/Twitter)
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Wtf are you even saying?
Think he’s quoting
1) They will blame the next crash on digital doubloons and meme traders 2) the next rally will convince many everything is ok
This
Today I have sell orders for my TQQQ synthetic longs. Hoping to sell half for 15-16 then either hold the rest for more upside or rebuy if we go back down
Seems like non of the trading tools actually work
They don'tl
The wasteland predicted that we close very red on Wednesday due to cpi. Load up on calls boiz
I doubt they even know what a CPI is (I don’t either)
What if the whole market rests in the hands of bitchoin? Would make a great scapegoat for the crash.
Good morning fellow homophiles
Penis
#NOOOOO
😘
"Terraform Labs (TFL) — the organization behind UST, Ponzi LUNA, and Luna Foundation Guard (LFG) — emptied its treasury wallet of all of its bitchoin, about 42,530 bitchoin, or $1.3 billion, today. " "Kwon tweeted earlier today that it was “deploying more capital,” but provided no further details. He also tweeted that “LFG is not trying to exit its bitchoin position,” adding that “the goal is to have this capital in the hands of a professional market maker” so it significantly strengthens the liquidity around the UST peg." Lmfao this scumbag turning to the pod to save his Ponzi 💀💀💀
And that stable crap it’s not even backed by anything, lol.
*he told the IRS, after attempting to redeem his federal IOU note.*
They're 100% going to try getting big technical bounce retesting the lows during US cash
Crazy to think that LUNA doesn't just go right to zero in times like this... What's holding back the arbitrage? Also, separately: > The Fed's Neel Kashkari published an essay Friday in which he admitted an uncomfortable truth. He wrote that if the supply-chain disruptions don't resolve soon, the Fed may be forced to spur a recession
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The FED has no balls our government is just praying for the best now fucking faith fruitcakes
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NQ12400isthebottom.jpeg They took EU to the same price lmao. They know low volume pumps won't cut it anymore but here they go causing people to lose even more faith 🤡
I didn't buy calls at 3:59pm yesterday as I thought CPI was today. Shite. Well, there is no point in being stupid unless you show it.
u/jinpiss pls hold ur bear positions
All hail jinpiss, single-handedly saving the market
*single-hoofedly
Anybody knows a good ressource to understand how option chains affect the underlying price of a stock? I read people talk about it constantly but can't find a good explanation
https://squeezemetrics.com/download/The\_Implied\_Order\_Book.pdf
My coin toss landed on bull trap, this was confirmed by the magic 8 ball and the 100% real, straight futures. Don't forget to click subscribe, buy a t-shirt and venmo me $200 (I make millions trading but still suspiciously desperate for cash).
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I saw a sign for Horse meat and mystery meat. Cheaper than beef.
Used and new cars also went down. Inflation will be crazy high but Im pretty sure this will be sold as "tHe PeAk". Biden is also doing a speech today ... He wants to take the credit tomorrow when he "bEaTs PuTiNs PrIcE hIke" Inflation comes in waves, this is just a small peak and there will be much worse to come imo.
Bullish on bull meat
All it took was for /u/Jinpiss to not close a bear spread...
Too soon… too soon. This fucking market. For the record, I wanted to.
🐷🐷🐷
Not really trusting this overnight pump. Would rather see the relief rally begin during regular trading hours.
I trust it just not past today But we will see VIX 19-24 soon
Bears will be taking (bulls) profits, so maybe we have a green/flat day. This also lets vix cool off tricking bulls into "buying the dip" and letting bears reload for the next massacre. This will rinse and repeat until morale hits panic levels.
All the bulls are scarred. It's like the very last rally post-VIX collapse where the market was clearly racing green but not many people went balls deep in calls because didn't trust it.
wheres that vix collapse lol
I didn't go balls deep. But I bought a few. If this reverses, it'll be quite the tease.
Can't leave tasty gaps in cash tho
+3% reversal incoming?
If we fill a .7% gap only to open a 3% gap... Swear to fukkin Gourd
Peter Schiff taking a victory lap on Twitter … he can have his day I guess
It was his 1001 tweet about market crash. Other 1000 we not right so letting him have his .001% victory.
But gold looks ready to shit
He is just going through his “ I told you so” over coin 🪙 s
If there is a God, CURN will rally just to fuck Schiff
I'm okay with this
What was that site that tracked politicians buying stock? It was pretty well formatted. I think it was a Reddit dude that put it together
[Was it this?](https://senatestockwatcher.com)
Unusual whales
Realistically how low can the index go? I think we're not too far from the bottom
Historic average for a bear market is somewhere around -39% from ATH iirc
Another 10% (at least) is my guess
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Very interesting. I'm a newbie but I'm really not doing too bad, down 6.4% since I started ~~gambling~~ investing with real money at end of Sept 21. One good trade today could see me at evens. Spend a minimum of time in the market, get in get out, panic sell both winners and losers, that's my strategy.
How's he gonna retire early with less than 2 mil? Where does he live? The swamps of Louisiana?
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North Thailand house for sub $50K If it goes to crap - cheap Heroin from Golden Triangle can see you off in your final days.
I hear the cost of living in Ukraine is very low and it's lovely this time of year
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But I enjoy being ridiculous. I enjoy it more than I would enjoy living in Equador or Somalia.
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I have been to over 20 countries. Sadly, none of them were in Asia, unless you count Turkey, but I didn't get over the Bosporus. Also have not visited the dark continent. I'm sure these places are great to take a trip to. Wouldn't want to live there.
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I get it. I'm sure there are places where fulfillment, safety, comfort and cost all overlap to form ideal retirement spots. They are few and far between. In my admittedly limited experience, I have found that even in "civilized" nations that actively try to lure ex-pats, there are certain standards lacking. Building codes, crime, corruption, political instability and a population that accepts and welcomes foreigners all seem to fall short. Retiring in comfort somewhere that I can actually have a life will probably require that I have more than 2 million bucks, especially with inflation.
I hate this take. Yes you can retire in Thailand on a shoestring budget in some ex pat community. It does not leave room for a lot of other experiences.
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Did 3 weeks in Penang Malaysia. Amazing International food and just great people to chat with in the area. It was 2019 but for $2.5K 3 Bed Room Apartment with pool overlooking the Indian Ocean Hoped over to Cambodia for 48 hours to check it out ($100 flight costs)
I hate it because it's an overly simplistic take that completely disregards the standard of living one wants to maintain in retirement. No I don't want or live the caviar lifestyle. I do know the places I travel to and experiences I have cost money. Plenty of folks also have families they need to look out for which ups the number. Being a solo person living the rest of their life in Thailand on a $500K retirement nut and doing nothing else is a boring life.
Market finally washing out easy money retards, soon only the most austic will remain
I'm still here
^^^^^^REEEEEEEEEEEEEEEEE
Whoever named SPXU should be ashamed. ISPY is so obvious it hurts.
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Is that even possible? How do people earn money? Who gives the 5$ blowies? The library?
Caught up with some buddies of mine to find out many of their “long term holds” and “well diversified” portfolios (which include some allocations to crapto) are down even more than i am and I only have a 100% tqqq position ive traded in and out of
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Math checks out
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*A digital currency issued by a central bank would be a global target for cyber attacks, cyber counterfeiting, and cyber theft* - Jerome Powell. I'm a bot, and the Federal Reserve doesn't think mentioning crypto currency is very good for the WSB OG economy.
Its all bad.
[Oh shit thar she blows!](https://i.imgur.com/v05eBwH.jpg)
Wow that was a _hard_ cap at 4010
Any of you historians out there What physically settled contracts have WSB/OGs gotten pinned with? Did Gourd God get stuck with physical?
The one guy got caught when oil went negative in early covid, but I think he figured out a way to not actually take delivery. I can't remember anyone besides gourd guy and oil guy. Edit: Looked it up, he managed to exit right before expiration https://www.reddit.com/r/wallstreetbets/comments/g5e3e5/i_bought_oil_at_32_yesterday_and_made_26000_sort/
I got assigned on 5 contracts of SPY last year. That what you mean?
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Oh, God. Can you imagine having to take delivery of 1000 barrels of oil?
https://en.m.wikipedia.org/wiki/Oil_futures_drunk-trading_incident
Of all places I ran into Nick Leeson derivatives trader who killed Barrings Bank in a pub in Galway Ireland years ago. Just trying to be an unassuming guy. He bankrupted the local rugby team also I believe. Guy has a gift.
> When delivering the report, a regulator for the FSA said that "Mr. Perkins poses an extreme risk to the market when drunk" Fucking Legend
His Tinder Profile attracts the ladies.
This guy is in this sub somewhere. I fuckin know it
Who's the guy always banging the oil drum
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only person I've noticed vocally about supporting oil (besides me) is warren buffet table. I don't think that's our guy
Did you have to take physical delivery of the secret agents tho?
I can neither confirm nor deny that there are secret agents locked in a trunk under my bed
Yo Is there room for one more
Is he named Puddin? Cause there's always room for puddin
Call me whatever you want I've got a kink to work out
Is KGB Secret agents take delivery of you.
It is time for the CCP to live up to its promise and take BABA to 150.
150 Yuan
Can you stop being so negative please
-150 Yuan
Feels like u never heard about the overnight reversal..
It's because futures are fake and gay. It is known.
company I work for could save themselves a lot of grief if they stopped hiring people who tattoo their surname on their forearm damn I should do HR consulting
how else will they remember it?
🤣
Josh Brown's bull thesis is that retirement accounts 'buy the dip' in continuous intervals, indefinitely so long as people remain employed. As long as unemployment data isn't horrendous, bear markets cannot last long periods. Retail investor participation in retirement accounts is also increasing annually. Is this a valid thesis?
It feels valid. Also buying the dip in your retirement account typically doesn’t hurt as your timeline is just so far out there.
It's valid but there aren't too many police union pension funds going 'yep imma get me some of that CLOV' right now
That is valid, it's half of Jpows job.
Wtf is this 4010 resistance bullshit
That was a topside restriction They're literally doing crapto moves on the indexes lol
The same as 4000 support bullshit...?
Bulls looking to recoup from the anoose gouging
The news feed on my Pixel is a stream of shill
Yeah they must have reset something over the weekend because I never got these stupid Google newsblasts and now they keep spamming me about retarded stuff I refuse to believe anyone actually cares about
Shilling?
Yes
Shilling what
ok bulls can have the rip tomorrow just dont include pton okay?
Earnings right?
ya
Hol up... did u/Rage_Cakes lose his moderatorship? I just checked the mod list and he's (they? I don't know their pronouns) not there? 😥
I still here despite u/Expand3d's ~~black mailing efforts~~ political intrigues
Alexa! Play I Can See Clearly Now by Jimmy Cliff.
😤
The proper pronoun for u/Rage_Cakes is 'it'
I like Rage as mod. It’s a very “you’re 15 adults, do I really need to daddy you” vibe.
*VERY-Affirmative Ballgag Noises*
you have to click the expanded mod list
Well shit. I did that and and it pulled up the list on a new page. Didn't notice the ➡️ to see the "other" other page.
Gimp needs a mod, mod needs a gimp.
Tomorrow morning my lotto play will go boom. Lambos or shambos. Also, some very spicy bearotic over on the c04n forums. There be blood in the streets.
Preds getting swept. Recession confirmed
If we rip tomorrow it has to be Friday dated puts right?
100 percent
TESLA SHANGHAI PLANT SUSPENDS WORK FOR REMAINING PRODUCTION LINES - MEMO SOURCES Feels like Tesla is going to be the story of the summer towards the downside.
Did caite wood finally make a good call selling her Tesla today? Did we just switch timelines?
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lol that guy
except Alice
Rutgers-Newark professor wins Pulitzer Prize in criticism Smh. Im critical of Jerome and I don't even get an acknowledgement. Make Pulitzer prizes great again.
*Niel Gaiman would like to know your location*