"Bank Run" on bitcoin exchanges happening now
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Probably we'll have more pain in the markets, significant pain. However, if 2008/1929 happens again, we'll be seeing the thesis for massive #Crypto adoption. The way towards self-custody. Sit tight, hold on, and we'll be fine.
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Last chance to buy USDC under $1.00 - we may never see these prices again
USDC depegged on Friday due to Fear, Uncertainty and Doubt (FUD) concerning circle and the USDC cash reserves it held in Silicon Valley Bank. USDC dropped to a low of $0.87 on some exchanges, brave investors confident in USDC and Circle bought the dip of a stable coin that had depegged hoping to gain and easy 13% profit. ​ After Circle announced that it would cover any funds lost with corporate reserves the peg of USDC started going back up as more people bought. https://preview.redd.it/mzeniz46e6na1.png?width=1426&format=png&auto=webp&v=enabled&s=359ad3dbbd536945720234213870276196968e8e USDC is currently at $0.98 so you still have a chance to make a 2% in profit (not financial advice) # 🤷 Edit: It's now at $0.97 (again not financial advice) Edit-2: It's now at $0.9664 (abandon all hope)
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Silicon Valley Bank CEO Sold $3.6 Million In Shares Days Before Fatal Loss Disclosed
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How many times do people have to learn the harsh lesson of counterparty risk before they realize that bitcoin private keys fixes it?
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Silicon Valley Bank was the second largest bank failure in 🇺🇸 US history Not your keys, not your money! #Bitcoin https://t.co/psvMG6gwdK
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JUST IN: $USDC price recovering now at $0.97 after announcement by @circle to assure all redemption on Monday https://t.co/YgshjHZ3qG
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Diversify your portfolio to reduce your risk profile!
Hey crypto degens, with all the recent news about SVB, USDC and the general negative attitude of the SEC / US govt on crypto its really is tough out there. That's why it's so important to diversify your portfolio to reduce your risk profile as much as possible in times like this. Here's how I'm managing my portfolio this year and its really helped with my mental health. - 13% - FTX (FTT) - 13% - Anchor protocol - 13% - Celsius (CEL) - 13% - BlockFi - 13% - equity stake in The Block - 13% - Greyscale's BTC - 10% - In a stablecoin like TUSD - 13% - in Silicon Valley Bank. Using this strategy has really helped my mental health, as I no longer have any crypto. The only bag I'm holding now is Dee's nuts. Stay safe out there crypto degens. Not your keys, not your crypto.
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₿𝗥𝗘𝗔𝗞𝗜𝗡𝗚: 14 years of computing power and price data shows exponential growth of the decentralized #bitcoin monetary system https://t.co/fVwglfQ82y
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USD Coin slowly repegs on unconfirmed reports of SVB resolution
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It is nearly impossible for any individual or business to plan for the next 12 months, let alone the next few years. No one knows what the monetary policy of the global reserve currency will be. The uncertainty will lead to bad decisions that once looked like good decisions.
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Short Seller Who Predicted FTX, Silvergate Capital Collapses And Shorted SVB Financial Has New Banking Target: 'A Worldwide Money Laundering Story' - Signature Bank (NASDAQ:SBNY)
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