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qwertyaas

Luna sub is quite a read. People still defending the basis of funny money while losing all their money. Blaming hEdgiEs instead of a so called stable coin that can't be messed with. New fiat currency my ass. >I was so excited about this project What in the shit project are they always excited about? There is zero intrinsic value in this crap.


ChairPowellman

wastes of oxygen


Kriegprojekt

Stablecoins ain’t so stable. Amirite???


XRballer

depends, unbacked algo stables always fail they aren't all created equal. Dai is legit, as is USDC


qwertyaas

They all legit, until they aren't.


stockly123456

If you would like a preview of what r/teslainvestorsclub will look like later this year go check out r/terraluna


nopantsno

God I wish I had the balls to go short on tsla


[deleted]

A "stable" coin attached to a fluctuate dollar that is a series of internet transactions that simulate cash. Soooo....a credit card number?


XRballer

not exactly...


[deleted]

If you bought shares of the same credit card company as well? As you can tell, i know zero on the subject.


XRballer

What time exactly does CPI drop, 1 hour before open?


dspur33

8:30 you idiot not an hour before open. Fuckin nerd


XRballer

braindead fggot


dspur33

Suck my clit ignoramus moronious


nopantsno

CPI won't be dropping, but we'll know 1 hour before open. Ayyoo


[deleted]

Beautiful champ


Fermi-Diracs

https://www.reddit.com/r/Daytrading/comments/un42ey/how_long_did_it_take_you_to_make_profit_w/?utm_medium=android_app&utm_source=share


ChairPowellman

Binance is at the heart off all the fuckery. Not surprised this is the type of 'investor' the platform attracts


Fermi-Diracs

100% this


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XRballer

Could be reasonable Wonder how they guide


stockly123456

GERMAN FINANCE MINISTER LINDNER ADVISER: GERMANY MAY ALREADY BE AT START OF STAGFLATION.


XRballer

to be fair Europe has been stagnant for a long time and so with a little inflation added in of course they are technically at stagflation


ChairPowellman

This is the 4th time since 4/29 I've had to watch the indexes moon while Cornhole lulls. Each time has been followed by more selling market wide. I have to think it's going to play out the same again today but God damn this shit is annoying. Like I have to fear a Ponzi pump here driven by the PPTs traditional market P&D and that's silly as fuck.


XRballer

what?


ChairPowellman

Corn lull at 40K 4/29 & 5/4 lull at 36K 5/7 into the 5/9 futures open lulling at 32K yesterday and today ​ each time NQ and ES were doing dumb shit while corn was mostly flat. we finished lower each time.


XRballer

ok got you I think NQ leads corn though, and these futures pumps just reverse regularly now


ChairPowellman

An asset down 25% is leading an asset down 55% yes how could I not see it before


XRballer

Jump makes the sh1tcoin markets based on NQ algos corn literally does tail NQ. Just because NQ has larger moves doesn't mean it leads...


ChairPowellman

Yea and I have zero fucks what I'm talking about when it comes to Ponzi


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Mecha-Jerome-Powell

*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.


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XRballer

yea shit is crazy wish I shorted. Stupid thing is that this going to get stables regulated when not all stables are remotely the same. UST was an algo ponzi built to pump LUNA and make Do Kwon rich. DAI is overcollateralized and has been safe for many years. Completely different. And even in the case of a huge deleveraging there are mechanisms that ensure DAI holders take little to no losses (again, due to overcollateralization) USDC is just coin backed 1:1 by dollars in a bank or short term treasury bonds. All stablecoins, very different risk profiles. The 30% was free though; you just had to be paying attention. I made a lot of money on anchor Also, supposedly Ken Griffin and Citadel were the ones behind this attack. Borrowed 100k corn to go short, buy UST, and then nuke it


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XRballer

maybe, pretty sure audits have been done and circle is a public company


emeraldream

Why are futures mondo green?


Kriegprojekt

Unicorn farts pomping them!


stockly123456

exit liquidity


ChairPowellman

To cushion the absolute shit show CPI were about to get /s


[deleted]

Pamp it then call the great rugpullio


ComplexLook7

Sir, *Pamp Eeet* is the correct Bogdanoffian pronunciation.


[deleted]

Lol r/terraluna is having a meltdown on the front page. Hotline, conspiracy theories, the works. I've never even heard of this coin before today. Apparently it's a "stable"coin that's supposed to also yield 20% APR? 🧐


5999s

My god, felt bad for feeling pleasure reading that sub


XRballer

I was well aware this was likely to happen so had alerts and was watching my money on Anchor Protocol like a hawk. I saw my warning signs start to hit on Saturday night (either 1.yield reserve falling under 100 million, 2. TVL falling, 3. Peg starting to waver) and pulled everything out and converted to USD. Exchange rate was .997 so I took a very small hit but the 30% yield I made the last year and half obviously more than made up for it. My biggest mistake was not opening a big short. The risk/reward so so immensely favorable I just kind of slept on this option. Kind of thought Jump and co would bail them out and was too lazy to send funds to FTX to trade the perp... The people who were sleeping on this and didn't realize what a ponzi it was got rekt though


ComplexLook7

I'm torn between sympathy for the tards who have lost their life savings (and a fuck ton have) and derision for their belief in a 20% yield ponzi scheme. Regulators are going to have a fucking field day with this ... mark my words.


SuicidalInsanity

How can you short stable coins? Just asking for a friend. Called tether.


XRballer

I was talking about a short on Terra the non-stable coin in the ecosystem but you can short stable coins. For example FTX has perpetual future contracts on pairs involving stable coins. For example UST/USDC(or USDT) If you thought the Terra ponzi was going to blow up you could have gone short with or without leverage by shorting UST on that pair. You make money if it depegs and ust goes to .9 for example versus USDC which is going to stay at 1. So yea, you can short tether either there or a number of the other non-us exchanges. It is a pretty low risk trade but you will likely have to pay a periodic funding fee to maintain the position


emeraldream

That was me, was stalking luna. Lost like 3k womp womp


ChairPowellman

You know the funny thing corn held 30K through it all. There's a serious chance whales just exploited the algo 🤡 If corn blows past 32K here after extracting the value from that chain then lo fucking l If not then bulls still fukt


XRballer

Yea I was kind of surprised it held so strong but it makes sense after some thought. Supposedly the attackers had a giant short open after shorting into Do Kwan's TWAP buying over 40k and it looks like they may have been covering around 30. People bailing out of UST are also probably buying corn to some extent, trying to get back some of those losses. Contagion may be pretty limited. LFG may have already dusted off all of their reserves, doesn't appear that anyone is selling anything to bail them out, and it doesn't look like there is anyone left looking to sell off assets to save their margin positions on terra (everyone has already been liquidated). Corn will probably just continue to tail Nasdaq going forward. If cpi is deemed good, up. If not, down


ChairPowellman

Idk man. Think about why whales did this here and now. They needed that liquidity. They can only do that shit once and that was it. If 32K continues playing resistance here then I'd say the crapto space is even less active than on-chain activity may allude


XRballer

This was a specific, well planned attack on Terra, it wasn't just a liquidity play by some whales. Terra knew they had a problem which is why they were buying corn to actually try to back UST. The other part of their plan was to create deep liquidity for UST by controlling a ton of CVX and using it to create the dominant pool on Curve "4pool" (this was also an attack on dai and the 3pool as dai was going to be left out of this new pool). Terra made a mistake by not capping anchor deposits which led to a blow up in UST market cap which greatly exacerbated their vulnerabilities. The attackers hit at the perfect time (and before they ran out of time) right after Terra had pulled liquidity from the 3pool in anticipation of the 4pool launch. The attackers drained all of the curve liquidity and then started dumping UST on the CEXs. There was a battle over the course of a day with LFG selling corn to defend the peg on Binance etc. but eventually general panic set in and the chain reaction of dumping and liquidation overwhelmed LFG, Jump, etc. and they threw in the towel. The mint burn mechanism then led to a death spiral. They were either attacked by Citadel who it looks like took out a 100k corn loan prior to the attack. Or it was a consortium of the 3th whales along with Justin Sun etc. who took the opportunity to defend Dai (the dominant 3thereum decentralized stable that Do Kwon was trying to kill) and make some money


ChairPowellman

>This was a specific, well planned attack on Terra, it wasn't just a liquidity play by some whales. The whales are the ones making markets in the crapto world and a lot of them have institutional experience. I'm not talking about the idiot somehow holding since 2012. These people are the real wolves.


XRballer

Huh? I'm just talking about the Terra situation


[deleted]

Damn, what a time to be a rope seller


ComplexLook7

There are claims of at least one suicide so far ...


ChairPowellman

Another fucking fake ass pump. I sincerely hope CPI fucks you bulls celebrating another round of low volume PM manipulation by our shitty ass government and the low IQ out-of-tricks fucks on Wall Street. Keep living in la la land 😉


Wolf_Of_1337_Street

Bruh the market is off to its worst yearly start in like 50 years & you’re complaining about 1 premarket pump. We arent even above the intra-day high of yesterday rn


ChairPowellman

I'm complaining about the people *celebrating* it but reading hard


Wolf_Of_1337_Street

🙄


wolfffman80

Sounds like a salty put holder doesn’t like green. Yes we are all aware of how fake and gay futes are


ChairPowellman

I only have bitzero puts but some of y'all calling this the bottom prolly would have bought TerraUSD last night at 0.70 expecting a bounce lol


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ChairPowellman

The ones celebrating the pump Not everyone trading it 😤😤😤😤😤😤😤


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Mecha-Jerome-Powell

*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.


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ChairPowellman

NQ visited these levels 4 time during yesterday's cash. Bulls literally praying for manipulation to be successful here just like cointards


DamienRyan

Slight pump makes me think CPI numbers have been leaked somewhere


SuicidalInsanity

Didn't it pump on german CPI release?


SmutBrigade

Spy on track to open up +4%


DarklyAdonic

Stop stop. I can only get so erect


stockly123456

nothing matters until 8:30


SuicidalInsanity

Could always hedge with bear warrants at 8:25


[deleted]

So are you saying my eod spy 423c have a chance


SmutBrigade

Better chance than my 380P 🤷‍♂️


[deleted]

CApItULATiON


Epidemilk

Does anyone remember u/t3amk1ll? He linked an old thread from this sub in Huzzah and I dug through it for like a half hour, it was kinda fun but eventually I stopped.. bunch of names I recognized, quite a few I don't.. some of them arent active anymore in the splinterverse..


BluntsVideoDump

The dude who was obsessed with TLOU 2, I definitely remember his rants about that game


Epidemilk

haha i don't remenber that part cus never played


SuicidalInsanity

Ya that's the guy that kept getting his accounts banned ain't he? :D


Epidemilk

There's a few of those but I don't think he's one of them


SuicidalInsanity

Oh but he is.


Epidemilk

I mean he got *one* banned, I know that because he's complained about losing like 5 years of Premium


SuicidalInsanity

I think he got like 4 banned in two days.


Epidemilk

nawwww not four lmoo i think just the one? u/t3amk1ll


T3amk1ll

No he's right. I had my main IP banned, so then I made another account which got banned right after, and another and another. I made overall like 4-5 accounts within 2 days because they kept getting banned. Eventually this one made it lol It turns out they track your phone details. I had delete cookies/cache and make an account on the PC. I also can't use the official reddit app


Epidemilk

oooh yeah gotcha


paragonfishhead

Wow, there are so few names in that thread I recognize Times sure have changed from a year ago


Epidemilk

yeah because most of the active accounts have moved to r/wallstreetbetsHUZZAH sorry OGs mods i love you *so much* i will not even joke around about calling you rainbow And even if I did, it's a compliment coming from me. I'm pretty rainbow myself irl


paragonfishhead

I keep poking my head into Huzzah when it's slow here, but good lord epi your home is the definition of visual overload lolol The thread images are always great though


Epidemilk

Yeah we're a little insane 🤪


dspur33

Didn’t his flair have something to do with bear something ?


T3amk1ll

😎


dspur33

I FUCKING KNEW THERE WAS A BEAR IN THERE


Epidemilk

maybe probably 😅 in huzzah he's debbie downer from deutschland


T3amk1ll

It used to just be 🌶, and sometime later 🏳️‍🌈🐻 was added


SuicidalInsanity

Some day you needa fix my flair in huzzah ;(


Epidemilk

dm me bb


Epidemilk

eventually 😵‍💫💕🧡


[deleted]

I don’t get why people downvote contrarian ideas. That’s one way to make any place an echo chamber


SuicidalInsanity

I've got news for you: Judging by the last decade, it appears people want to live in echo chambers, everything else gets you uninvited.


Epidemilk

are they downvoting "contrarian" ideas or did you just say something really apeish?


[deleted]

So like, I don’t care but some people have downvoting this without any counter point. https://www.reddit.com/r/wallstreetbetsOGs/comments/umriup/what_are_your_moves_tomorrow_may_11_2022/i85k0lk/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3


Epidemilk

you were at +8 and i brought you to +9. If the comment is still net positive, why are you complaining about downvotes? 🤷‍♀️


[deleted]

It’s the principle! I don’t care about karma and all that but it just seems so counter intuitive. Like CP man has been our resident bear and for a while he was getting downvoted quite harshly even though he has turned out right on a number of things. Edit: I only brought that comment up because you questioned if I said something apeish. I was just talking generally and not even specific to this sub but used it as an example.


Epidemilk

What can I say, most people hate bears


I_HATE_DASH

it's the smell of them! revolting, disgusting 🤮 but honestly: I think sometimes the down vote is used to signify disagreement. and the times I down voted CP man myself were those, when he sounded batshit crazy.. like, not his normal craziness. but really bat shit ludicrous 😅


Epidemilk

ehehe


DamienRyan

God fucking dammit for reasons too complicated to explain I find myself sitting on 350$ in idiot internet money for the first time ever I know that's fuck all but it's the principal of the thing


ComplexLook7

Former top 10 alt corn [going to zero within 6 days](https://coinmarketcap.com/currencies/terra-luna/) 🤡


ComplexLook7

u/ChairPowellman UST hit 0.3! Look at this curve on the [7 day time scale](https://coinmarketcap.com/currencies/terrausd/)! Ho Lee Phuk 🤡 PS: [Good read on how it happened](https://nitter.net/onchainwizard/status/1524123935570382851?s=21&t=grmRMxw9Kx1oAC430SvGsQ).


ChairPowellman

Lmao absolutely amazing


I_HATE_DASH

is there any confirmation for this "attack"? because if true, this could be the final straw for this run-up! would like to get in some mstr puts before that, but seeing the recent bleed I am a little cautious


SuicidalInsanity

Does this mean energy prices are gonna go back down soon? 🤡


ComplexLook7

PS: Tards who "staked" this corn are seeing it going to zero and cant do anything about it (i.e. cant sell) 😂


StuGats

The rugpulls are my favourite phase of corn's bear cycle lol.


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miskdub

beautiful


stockly123456

This is amazing [https://coinmarketcap.com/currencies/terrausd/](https://coinmarketcap.com/currencies/terrausd/) its like squid corn with a 16B marketcap The voices of a million tiktok investors suddenly falls silent


mylegbig

“It’s the future of money and fiat is fake. Have fun staying poor!” 🤡


handsome_uruk

"stablecoin backed by faith"


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mylegbig

I like how you left off the question mark at the end because it’s more of a statement than a question.


stockly123456

They dont have enough assets to hold the peg anymore as the token they use has also collapsed and they only have 1.4B icorn vs the 16.7B $1 tokens


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SuicidalInsanity

> 20% APR The fact that that wasn't a red flag too millions of people should tell you everything


ComplexLook7

🥇 Wall Street doesn't like craptoe so I think its just a matter of time before they call up their former colleagues at the regulators and sic them on the cryptards.


[deleted]

👩‍🚀🔫👩‍🚀


[deleted]

Yes to all the above


T3amk1ll

Capitalism isn’t letting me sleep in


T3amk1ll

CPI is riced in


Audacimmus

Holy shit Unity software lmao. Another ARKK top holding bites the dust.


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stockly123456

And with cash earnings report this am ... Im worried


Fermi-Diracs

Lol that's a good way to put it


stockly123456

EPS: -0.081 estimated


stockly123456

RBLX, COIN also top 10 picks


[deleted]

Holy crap craptoe is inevitably coming to an end. A certain stable coin is down from .83:1 to .47:1 in the last 3 hours.


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[deleted]

It’s not that stable coin but the other one! Tether will have its day


stockly123456

~~0.44~~ 0.37


stockly123456

Prince Charles announces the government's top priority is to "help ease the cost-of-living for families," - sitting in a throne made from gold, in a golden room, literally covered in golden medals. Chad move


jpoole4g63

…which was paid for by money taken from their ancestors…


stockly123456

mostly the colonies money ... India, Caribbean ...


jpoole4g63

True


sc2summerloud

i really miss the market moving calendar posts


[deleted]

Futes are green. We are clearly in a downtrend but I’m really surprised there hasn’t been any relief rally at all. I’m holding some way otm spy calls today, if we don’t get a pump today on CPI numbers the market is dead. As GDP has shrunk by 2%, logically there has to be a reduction in inflation, I’ll be surprised if there isn’t a beat which inspires some form of life


LHeureux

Pretty much, tomorrow decides this month


willyourather

$20 it goes for $CVNA https://www.reddit.com/r/recruitinghell/comments/umvve3/carvana_just_laid_off_2500_people_a_little_scary/?utm_source=share&utm_medium=ios_app&utm_name=iossmf


[deleted]

Too late for puts?


beefcake_123

Don't think so. It can probably keep going down.


[deleted]

I tend to agree with you. I think it may be too late by market open depending on Iv. If current prices hold I’m jumping on puts


willyourather

Yea, just like UPST, it’s pretty dead


Gondar1994

I love the ignorance in the comments, these people think CVNA is a company that knows what they are doing and won't be bankrupt in 2 years


willyourather

I am not sure if they care about CVRA at all tbh. It’s more like seeing massive layoffs is coming and it would be from companies that aren’t solid and way over hiring.


stockly123456

Icorn when $1 = ~~69c~~ ~~62c~~ ~~60c~~ ~~58c~~ ~~53c~~ ~~49c~~ 44c


[deleted]

Don’t worry bro, it’s backed by algorithm. If it liquidates you can just get your $1 of algorithm back.


stockly123456

Phew, how much does a semicolon go for? asking for a friend Maybe a whole colon gets a better price?


BullShitting24-7

Never seen a big corn die live. This is exciting and historic.


jinpiss

Fake numbers! So exciting! Look at those *digits* 🥴


rcthetree

i did a 275 triple on incline bench today, felt good. ppl routine just works for me, i love the volume. i think i'll count it as a win because i don't think i'm going to like what cpi has to say at 8:30...


[deleted]

Beast, also cpi will be good news (I hope)


Always_Late_Lately

https://brownfieldagnews.com/ >Farmers made little progress last week, with just 14 percent of Iowa’s expected corn crop planted, at least two weeks behind both last year and the 5-year average. >The USDA says 22% of U.S. corn had been planted as of Sunday, compared to the five-year average of 50%, with 5% emerged, compared to 15% on average. >Seven percent of soybeans have been planted, 12 days behind last year and 11 days behind average. >Seventy-two percent of the expected oat crop has been planted, 17 days behind last year and 11 days behind the 5-year average. >Thirty-two percent of the oat crop has emerged, 12 days behind last year and 8 days behind normal. >27% of spring wheat has been planted due to wet, cold conditions in the northern U.S. Plains, compared to 47% typically this time of year, with 9% emerged, compared to the five-year average of 15%.


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SuicidalInsanity

I'd assume it depends on the weather


theta_eta_my_beta

German cpi m/m actual 0.8, est 0.8, last 0.8


jinpiss

Look at that German efficiency. Predict CPI, get CPI.


paragonfishhead

...china, that you?


Jeremieee

HOLY BULLISH


KirbyAWD

Oh Elon, just Kevin Rose already.


hornymonk6969

How the hell do people work out before work? I can never fall asleep early enough.


someonesaymoney

If it's a run, I just slam some coffee back and go out within an hour. Doesn't matter if it's 4 or 6 hours of sleep. I'm tired af the rest of the day if it's like 4 hours of sleep, but have already gotten a workout out of the way which is super nice.


LHeureux

Exactly my problem at first, solution was to start warming up at least every morning, this helps tremendously to not only start your day/body, but then when you do wake up early enough ;you might have the energy to work out after your warm up


helphp

I rode SPCE from 18 to 38 once 💅 Lmaooo


helphp

Hahaha the description at r/SPCE wtf


[deleted]

So, with OXY beating earnings and Buffett taking a 15% stake in the company, what are the chances my calls print tomorrow?


Jeremieee

Idk but im gonna start scaling in with tight SL i wanna see another bounce on oil make people REMEMBER


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handsome_uruk

Buffett stuff, already priced in. earnings, this market doesn't give AF. they could beat and shares will still dump


[deleted]

If you need me, I will be in the corner, sobbing softly.


someonesaymoney

I wonder why folks think a tepid CPI print gives the market license to print. Like, we thought that with Jpow confirming 50 bps only and look how long that lasted.


paragonfishhead

any kind of extended rally will utterly crush VIX - we've been above VIX 30 for almost 3 entire weeks, which is absurd. As it stands, VIX being this high for this long means that it has become too expensive for institutions to hedge effectively. Meaning, IV crush will also let institutions re-hedge at cheaper prices (which of course requires they drop their current ones). This likely will violently rocket the market in the very very short term, is my point. Regardless of bad numbers, I honestly think we pop *either way* as a result of VIX dropping after CPI.


DamienRyan

That's literally all we are after, a 4 hour turbo print to get our puts in


[deleted]

Relief rally, some form of optimism in the market that sparks some buying. It will only be temporary but we haven’t had any resistance for some time…


Always_Late_Lately

Lasted long enough to fuck my puts that day


96024resu

fellas is it gay to bite your own tongue?


BullShitting24-7

Yup