Crypto markets imploding makes the stock market cults even funnier as they turn to Millerite bible maths to explain how everything is fine. According to Leviticus 20:16, the hedge funds will be bankrupt next month.

https://www.reddit.com/r/FTXOfficial/comments/yo599y/fuck_you_i_want_my_fucking_money_now/

Archive.is isn't working right now so I can't archive the post.

edit: Actually, /r/FTXOfficial is imploding right now. They're doing a bank rush on their fake bank that isn't insured and finding out in real time why the 1930s regulations happened. This could be a fun one to watch today.

  • solaranus
    ·
    1 year ago

    deleted by creator

    • happybadger [he/him]
      ·
      2 years ago

      It's a crypto exchange based in the Bahamas for extra legitimacy. Their schtick was that they were going to be altruistic capitalists. This year they falsely claimed to be a bank and got hit by the feds, then twitter divested their holdings, and now people are panicking after some other whale has divested. The exchange seems to have paused all withdrawals and maybe transfers.

      • solaranus
        ·
        1 year ago

        deleted by creator

  • 420blazeit69 [he/him]
    ·
    2 years ago

    You're thinking of this place all wrong. As if I had the money back in a safe. The money's not here. Your money's in Joe's MDMA order... right next to your dealer's. And in Kennedy's bored ape, and Mr. Macklin's CP collection, and a hundred others. Why, you're lending them the money to waste, and then, they're going to grift you as best they can. Now what are you going to do? Call the crypto mods on them?

    • SoyViking [he/him]
      ·
      2 years ago

      I feel the same but most of them are more stupid than they are evil. The real villains are the con artists and grifters running these scams, not the working class schmucks they fool out of their money.

  • Fartster [comrade/them]
    ·
    2 years ago

    GME was an op to get younger people investing, the whole economy is a massive wealth exchange pump and dump.

    Edit: yes I have thousands of dollars tied up in tech stocks that are down 60% bc I fell for the "invest now and you can maybe retire someday" trap. Ffs I just want to live in a house which is probably never going to happen now that I made this mistake.

  • supafuzz [comrade/them]
    ·
    2 years ago

    the MOASS? is there supposed to be another short squeeze on? who is it this time?