Explanation
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 2231. (Read 26609902 times)
March 13, 2023, 03:01:15 AM
March 13, 2023, 02:04:26 AM
Homework:
Quantify the liquidity issue experienced by Signature Bank before the NY Regulators swooped in and confiscated all assets and operations.
Quantify the liquidity issue experienced by Signature Bank before the NY Regulators swooped in and confiscated all assets and operations.
March 13, 2023, 02:01:16 AM
March 13, 2023, 01:01:20 AM
March 13, 2023, 12:01:16 AM
March 12, 2023, 11:15:03 PM
Have the cold from hell
Taking thirteen aspirins
Going back to bed
Actually I only took two, but I needed two syllables.
See you when I wake up.
Taking thirteen aspirins
Going back to bed
Actually I only took two, but I needed two syllables.
See you when I wake up.
" a few" would have done it
March 12, 2023, 11:01:16 PM
March 12, 2023, 10:54:21 PM
Have the cold from hell
Taking thirteen aspirins
Going back to bed
Actually I only took two, but I needed two syllables.
See you when I wake up.
Taking thirteen aspirins
Going back to bed
Actually I only took two, but I needed two syllables.
See you when I wake up.
March 12, 2023, 10:01:19 PM
March 12, 2023, 09:57:11 PM
Well, i guess, #NIYHNYC (not in your hands, not your cash)
Doesn't have the same ring as #NYKNYC
Doesn't have the same ring as #NYKNYC
Not even then. Govt could tomorrow (well, would possibly need legislation) say that it is announcing the nu-dollar and your bank account will be converted on a 1-1 basis and greenbacks on a 4-1 (or some variation).
March 12, 2023, 09:49:12 PM
You have plenty of reason, but...... if they dont make that move the expading collapse its or can be far worse for the whole society, its sad? yes, but it works that way, all the system is based on this pillars.
The government is always the last insurance in this kind of case.
The government is always the last insurance in this kind of case.
No. It's always the easy option but it's never the best. When you set the expectation that risks will be socialized, you encourage risky behavior. This shit is the direct fall-out of the bail-outs of the late 2000s. Don't fall for the narrative. Theft is theft.
March 12, 2023, 09:01:17 PM
March 12, 2023, 08:46:20 PM
#haikuSunday
number going up
dear gentlebeings of the wall
hodlers standing strong
this is the way
number going up
dear gentlebeings of the wall
hodlers standing strong
this is the way
March 12, 2023, 08:31:15 PM
The U.S. banking system remains resilient and on a solid foundation, in large part due to reforms that were made after the financial crisis that ensured better safeguards for the banking industry. Those reforms combined with today's actions demonstrate our commitment to take the necessary steps to ensure that depositors' savings remain safe.
"aLL SaVIngS DepOSiTs ArE SaFU"
Only one way to find out: pull yer money out, folks.
Well, i guess, #NIYHNYC (not in your hands, not your cash)
Doesn't have the same ring as #NYKNYC
March 12, 2023, 08:17:51 PM
Honestly, i don't even get the legality of it.
Say, you are a stockholder at the Signature bank.
Your stock is at $70 at the end of trading day on Fri, was trading freely all day, no halts.
Suddenly, this bank is "seized" on Sunday and you read the following:
"Shareholders and certain unsecured debtholders will not be protected", which means that your stock in this bank is suddenly worth ZERO.
No other explanation given. Is there any legal scholars to comment?
At this point, who would hold any other bank stock, apart from top 4 (JPM, C, BAC and WFC)?
all this is bullish for bitcoin, though.
Say, you are a stockholder at the Signature bank.
Your stock is at $70 at the end of trading day on Fri, was trading freely all day, no halts.
Suddenly, this bank is "seized" on Sunday and you read the following:
"Shareholders and certain unsecured debtholders will not be protected", which means that your stock in this bank is suddenly worth ZERO.
No other explanation given. Is there any legal scholars to comment?
At this point, who would hold any other bank stock, apart from top 4 (JPM, C, BAC and WFC)?
all this is bullish for bitcoin, though.
I think there can be legal actions to get more details but I don't really see the issue. The bank got bankrupt and in bankruptcy shareholders are screwed. If it was another kind of company that could continue doing business under bankruptcy protection, shares might hold some value, but apparently there is no bankruptcy protection for banks, which is understandable as we just saw that banks need trust, who is going to trust a bankrupt bank ?
no evidence that Signature was bankrupt and NO ONE even alleged that.
If in doubt = bankrupt. It's the new form of risk assessment
(I'm alleging it)
March 12, 2023, 08:14:25 PM
Honestly, i don't even get the legality of it.
Say, you are a stockholder at the Signature bank.
Your stock is at $70 at the end of trading day on Fri, was trading freely all day, no halts.
Suddenly, this bank is "seized" on Sunday and you read the following:
"Shareholders and certain unsecured debtholders will not be protected", which means that your stock in this bank is suddenly worth ZERO.
No other explanation given. Is there any legal scholars to comment?
At this point, who would hold any other bank stock, apart from top 4 (JPM, C, BAC and WFC)?
all this is bullish for bitcoin, though.
Say, you are a stockholder at the Signature bank.
Your stock is at $70 at the end of trading day on Fri, was trading freely all day, no halts.
Suddenly, this bank is "seized" on Sunday and you read the following:
"Shareholders and certain unsecured debtholders will not be protected", which means that your stock in this bank is suddenly worth ZERO.
No other explanation given. Is there any legal scholars to comment?
At this point, who would hold any other bank stock, apart from top 4 (JPM, C, BAC and WFC)?
all this is bullish for bitcoin, though.
I think there can be legal actions to get more details but I don't really see the issue. The bank got bankrupt and in bankruptcy shareholders are screwed. If it was another kind of company that could continue doing business under bankruptcy protection, shares might hold some value, but apparently there is no bankruptcy protection for banks, which is understandable as we just saw that banks need trust, who is going to trust a bankrupt bank ?
no evidence that Signature was bankrupt and NO ONE even alleged that.
March 12, 2023, 08:11:11 PM
Honestly, i don't even get the legality of it.
Say, you are a stockholder at the Signature bank.
Your stock is at $70 at the end of trading day on Fri, was trading freely all day, no halts.
Suddenly, this bank is "seized" on Sunday and you read the following:
"Shareholders and certain unsecured debtholders will not be protected", which means that your stock in this bank is suddenly worth ZERO.
No other explanation given. Is there any legal scholars to comment?
At this point, who would hold any other bank stock, apart from top 4 (JPM, C, BAC and WFC)?
all this is bullish for bitcoin, though.
Say, you are a stockholder at the Signature bank.
Your stock is at $70 at the end of trading day on Fri, was trading freely all day, no halts.
Suddenly, this bank is "seized" on Sunday and you read the following:
"Shareholders and certain unsecured debtholders will not be protected", which means that your stock in this bank is suddenly worth ZERO.
No other explanation given. Is there any legal scholars to comment?
At this point, who would hold any other bank stock, apart from top 4 (JPM, C, BAC and WFC)?
all this is bullish for bitcoin, though.
I think there can be legal actions to get more details but I don't really see the issue. The bank got bankrupt and in bankruptcy shareholders are screwed.
Where is the evidence? Nobody said that it is bankrupt apart from some verbiage about "systemic risk".
Signature bank seemed to be more stable than other regional banks on Friday.
You people take "bankrupt bank" too much at the face value.
It does not seem that it was, but it looks like it was shut down for dealing with "crypto companies' if i would be more specific.
March 12, 2023, 08:10:29 PM
Honestly, i don't even get the legality of it.
Say, you are a stockholder at the Signature bank.
Your stock is at $70 at the end of trading day on Fri, was trading freely all day, no halts.
Suddenly, this bank is "seized" on Sunday and you read the following:
"Shareholders and certain unsecured debtholders will not be protected", which means that your stock in this bank is suddenly worth ZERO.
No other explanation given. Is there any legal scholars to comment?
Say, you are a stockholder at the Signature bank.
Your stock is at $70 at the end of trading day on Fri, was trading freely all day, no halts.
Suddenly, this bank is "seized" on Sunday and you read the following:
"Shareholders and certain unsecured debtholders will not be protected", which means that your stock in this bank is suddenly worth ZERO.
No other explanation given. Is there any legal scholars to comment?
This can all be summarised by the simple answer already provided:
The bank got bankrupt and in bankruptcy shareholders are screwed.
Sometimes, it is as simple as that imo. Bank goes bankrupt. Shareholders get screwed.
Shares don't even go to $0 as trading them is halted for liquidation purposes.
Sometimes you wake up and your investment goes to $0, a bit like with Luna.
all this is bullish for bitcoin, though.
Long-term, sure. This is one of the reasons Bitcoin was created, in order to be immune from central banking nonsense.
And with that, Bitcoin goes pump. Who would have thought it. Probably only Satoshi as everyone else is beairsh.
One thing is for sure...Bitcoin is looking good in this debacle.
In reality, why wouldn't it? Bankrupt banks has nothing to do with Bitcoin.
March 12, 2023, 08:01:17 PM
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