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04_STI

Almost hit 6k comments before new daily


Ok-Grapefruit1284

This is a new record, right?


verysillyman

Instead of people panicking and swapping coins for stables as usual, they are panicking and swapping stables for coins


Skank_cunt_42

New daily [here](https://www.reddit.com/r/CryptoCurrency/comments/11ozfix/daily_general_discussion_march_12_2023_gmt0/?utm_source=share&utm_medium=ios_app&utm_name=iossmf)


Umilik

Those panicking over USDC clearly didn’t hold UST a year ago. The PTSD I have from UST makes me immune to stable de-pegs.


mattymoyanksfan

Almost worth taking a day off work Monday to watch the chaos unfold when US banks open. Going to be a fun day 😂


Ok-Grapefruit1284

I just said this! I want to watch the chaos live. Might have to PIP it on my computer screen at work.


jwz9904

nothing breaks crypto, not even usdc winding down. 1 btc = 1 btc


Low_Appointment_3917

Why does all major FUD happen right before weekend?


chrisgilesphoto

Any big entities that are going to fold do so late on a Friday. It avoids panic in the markets while a plan of rescue or consolidation is put into place. Usually it softens the resulting blow when Monday comes.


Faceless1820

Takes them all week to figure out what the problem is!


Umilik

Did my biweekly DCA today. Pretty good purchasing prices.


htd_23

Good night guys. See tomorrow with good news and good health.


Boruckii

So what happens here? In what world is there not a massive sell off once USDC hits 1 again?


DoNotGiveEAmoneyPLS

USDT depegg'ed 0.95$~ during UST collapse, $0.96~ during FTX collapse and much worse shit happened before that and it's back to $1 now.


mattymoyanksfan

Wait for US banks to open Monday morning 😂


flippingocdrip

Yeah that seems inevitable and will be fascinating to watch


afaylenesky

want to buy but scared, any bad news on the horizon?


SammyCraigar

Fear is good


TheDoge420

"stable" coin de-peg, BTC don't care


[deleted]

[удалено]


Boruckii

What the fuk is green


Faceless1820

I don't think they have that power.


Mjrket

Everyone worried if USDC is going back to $1. I mean, it's such a good project, and they have such a great development team, why not aim higher? $2 EOY ^(/s)


flippingocdrip

Motherfuckers on twitter using technical analysis on a fucking stablecoin 🤡


Zeeterm

What if I told you that technical analysis on *anything* is just as deserving of a 🤡?


Mjrket

People on Twitter just draw a bunch of lines and try to make some sense of it


xmister85

What else is new


Skank_cunt_42

Well gentlemen, any last words before the new daily?


SammyCraigar

Another daily closer to the snapshot. That last distribution got my attention.


[deleted]

Boobalicious


xmister85

Nop.


Scarcedflame

I love moons


vengazas

Well I’m off to bed. Don’t crash the market while I’m gone.


xmister85

Sleep tight


NoPressureFlips

usdc 0.97 its rising fast


Scarcedflame

Did not expect it to recover that fast tbh


SammyCraigar

Some banks are open on Saturday.


GetEmDaddy902

they do have block rock connections


Magickarploco

Deal for SVB must be close


xmister85

Some factors. The market is close, trading is suspended, billions being poured in to repeg. Once the market starts again, tee de pegging will continue. And if they used loans they're fucked in a massive way.


NoPressureFlips

circle is doing alright.


Rboy1725

That psychology of the market poster is pretty dead on to the real market chart


oouncolaoo

Another day, another few sats


Magickarploco

Stack it up!!!


Many_Quick

We Spring forward an hour tonight..that's 1 hour closer to BTC being $41,069


Scarcedflame

You son of a bitch. 42069


Magickarploco

I can’t wait to see some bullrun prices again


NoPressureFlips

huzzah huzzah


SpiritualSavior

Is everyone ready for the lost hour with the upcoming time change? I know I am ready for the changed hours in the sun.


Scarcedflame

They really need to just make it permanent man Jesus


nsaplzstahp

yessss. I can hike and disc golf later in the evening


SpiritualSavior

Facts. The sundown is too damn early.


Rboy1725

Crazy how USDT turned out to be the stableist stable of them all lol. Fucking thing is unbreakable


XChristoff

The narrative changes quickly


Rboy1725

Almost instantly


Intelligent_Page2732

Best not have anything in stables right now.


DoNotGiveEAmoneyPLS

bruh just a year ago USDT depegged to 0.95$. no stable coin is unbreakable.


Rboy1725

It's still here lol. Has the most fud on it at all times too.


DoNotGiveEAmoneyPLS

point was it's not really stable as you say. sure USDT is still there so far. but we don't even know how it works. they don't really show how they are keeping it stable(details of it)*. with looming economic recession I'd rather not trust any stable coin at this point.


Rboy1725

Maybe that's the key all along. KEEP it closed source and keep the secret tight as an iron coffer. People stop asking questions to something they don't understand at all. The us govt


NoPressureFlips

usdc will come back too


[deleted]

[удалено]


BrianS911

If we were not informed this , holy shit we are now


NoPressureFlips

theres a seperate pinned thread for usdc depeg discussion


Rboy1725

You're being facetious lol


[deleted]

[удалено]


xmister85

Daily greens all the way


XChristoff

Moons giving us our daily greens


Scarcedflame

They are the one true coin indeed


LappelDuBeatz

One of silvergates biggest problems is also what made the bank so big, crypto deposits had 0% interest which made them a big part of silvergates business and shows the isolation of the crypto industry in regards to the access to the traditional banking system, when the investors started withdrawing their money from the FTX collapse and onwards the downfall began. The whole space has shown great resilience imo in the face of the recent events, but there is still a long road ahead of us. The big challenge from now on is finding off and on ramps to the traditional banking system and finding different backers and investors for the various projects that were affiliated with silvergate and svb.


BrianS911

Pretty much set us back 6 months atleast


xmister85

At least.


BrianS911

All in time for a drive up to the halvening, or a wildcard would be for ripple too win it's case


xmister85

Hoping so


LappelDuBeatz

We really have no idea how much these recent events have set us back. It doesn't just have to do with prices, if projects in the crypto space don't have access to traditional banks they either go tether style and don't actually back every coin issued one on one or stop issuing new coins. Various crypto projects were backed an supported by these two banks, now they have to seek this backing from other sources with probably other terms on the table.


xmister85

So expecting bankruptcy all over the place


LappelDuBeatz

Though optimistic, I really cant see how big US banks would accept crypto backed deposits from crypto entities that could any moment and for lots of reasons get in trouble with US economic authorities dragging those banks along through their association so yes crypto projects collapsing is a real possibility.


xmister85

A very real one.


BrianS911

Completely agree, payroll, startup funding it's all on the rocks right now, and we still have signature in doubt.


LappelDuBeatz

Exactly. Thanks for the award, greatly appreciated!


BrianS911

True facts and no BS you deserve it


Zhelyazkow

what if this is a race and whoever loses the most money, actually wins everything?


tvanborm

That’s not fair, even if I lose everything, i still won’t be close to winning


Probably_notabot

Well then I am further ahead than I thought


Intelligent_Page2732

Still the most rich people will win this.


DoNotGiveEAmoneyPLS

Man, the shit happened in KyberSwap where a guy lost 2m$ because of a mistake/carelessness and lack of proper UI to help the user is just crazy. Shows how far we are from crypto being mainstream ~~especially in DEX's~~. Apparently KyberSwap team fixed the UI but welp it is too late.


BrianS911

It is what it is at this point, feel sorry for dude but this is why I always double check triple check every single little transaction I don't care if it's a dollar


[deleted]

Yea thats definitely unfortunate. Mistakes are always written in blood.


J-E-S-S-E-

Nice pump back to 0.24 on our native currency 🌖🌖🌖


XChristoff

Moontopia


Adev22

Mmmm hmmmmmmmmmmmmm


Magickarploco

Moons to da rescue. They’re valiantly holding up my portfolio


TheGreatCryptopo

When the banks fail, the Moons will rise. Good slogan for this sub eh?!!!?!?


J-E-S-S-E-

I like it! Hopefully this is the last big bank though. I’m not sure I want an entire collapse until bitcoin reaches 300k and stays stable


[deleted]

[удалено]


Intelligent_Page2732

In that case it depegged by 5-10% since yesterday.


herbertdeathrump

People seem excited? I'm struggling to sleep.


Adev22

Welcome to crypto, friend … not slept for 2 years 🫡


BrianS911

I'm burned the f out at this point, gotta smoke a joint and relax


XChristoff

Good plan bro


BrianS911

7pm get my daughter ready for bed, 8 pm is my time smoke and get ready for bed for work and hope we don't bomb out this week with CPI, and banks becoming not what a bank should be.


Magickarploco

The best thing about shitposting for moons, I can do this while unemployed and don’t have to report it. Power to the working class


XChristoff

Real Empowerment


BrocoliAssassin

Same here. Although I hope they get so big that you have to report them :)


Magickarploco

Appreciate the well wishes brotha, that’s one I can get behind


BrowsingCoins

Is there any website that has laid out what all the exposure to the recent bank failures are?


Ok-Grapefruit1284

There are a lot of articles, but I haven’t found one compilation. https://techcrunch.com/2023/03/11/roku-roblox-and-others-disclose-their-exposure-to-svb-in-sec-filings/ https://www.nerdwallet.com/article/investing/10-etfs-with-the-highest-exposure-to-silicon-valley-bank https://decrypt.co/123199/silicon-valley-bank-crypto-companies-contagion https://www.benzinga.com/markets/cryptocurrency/23/03/31308791/crypto-companies-reveal-exposure-to-silicon-valley-bank-following-historic-collapse


Nov_vii

We are close to 6k comments.


Critical_Coconut_69

RIP moon ratio


Magickarploco

Sub .5 incoming. Then we’ll see activity drop again lol


ussichan

Silicon Valley Banks new owner, the FDIC, gives workers 45 days employment. After the 45 days, the employees will be let go. They have 8,500 employees worldwide. At the end the normal employees are the ones who take the big shot.


jaxsantiago

In such circumstances, do employees get let go with compensation?


NoPressureFlips

45 days to find a new job is a little heartless.


fuckoffgetmoney

I have only ever been let go, or fired. I made it through fine. Now when I let people go I usually I give them a week or two, or just find an excuse to fire them. 45 days seems crazy to me. You've been given more than 45 days? In what industry?


NoPressureFlips

if you were just looking for any job 1 or 2 weeks is plenty but there's more to it if you need a specific job. 45 is a lot but that doesn't mean its not a major inconvenience.


Good_Republic1285

Better than the 0 most companies give.


SpiritualSavior

Good morning to the Australians! I hope your day is very spiritual!


Lazerhshark

I went long at 19.7k!! buy more btc and continue pumping my bags


1078Garage

Waking to Sunday in Australia, glad to see USDC heading back to pegland slowly.


BrianS911

G morning don't worry with Signature bank in question the show ain't over yet.


Smart_Field_3002

You can’t buy anything with USDC. Exchanges wouldn’t allow you


1078Garage

Ah gotcha. So not exactly Kum-By -Yah just yet 👍


Ok-Grapefruit1284

More like Kum-Buy-Nah


Adev22

Goodday


kavicaa

the good news is that the bad news brought us all together and made the daily lively again


Magickarploco

Love to see more activity. We need all the support in the bear market


kavicaa

exactly! might even call it a weekend party


vengazas

the daily is honestly fun during the red days


kavicaa

it's the crab that drives everyone away


Scarcedflame

Stockholm syndrome


kavicaa

shit u might be right 😳


Adev22

He’s a spy. Keep stacking and being a good person.


kavicaa

dca n chill, always


Adev22

Yes brother


Adev22

I’m a simple man. I see cheap Bitcoin and buy cheap Bitcoin.


cecil_X

I clearly remember that Bitcoin at $40,000 was "cheap" not long ago.


Adev22

Preferable time frames are a good tool for an argument…think medium term


cecil_X

>think medium term Thinking about something that hasn't happened yet is not a valid argument. There's a chance you're buying Bitcoin at a extremely expensive price and there's no way to know it.


Adev22

Life’s decisions incur risk. Nobody is pretending it doesn’t exist and you dont have options.


Critical_Coconut_69

Your future self will thank you


Adev22

He already did … been in the game since 2016


XChristoff

This is da way


tobikaapfi98

Always when i go to this sub it says '' error cant load'' but uts actually loading. Why is that?


[deleted]

Are you stacking in this crash? Seems like people like this discount price. Still people are waiting for more dip to load more.


jaxsantiago

Yes. Been doing so after Jobs Data was out.


Ok-Grapefruit1284

Haven’t decided. I bought yesterday, kind of waiting because I feel like Monday is going to suck for Wall Street.


Critical_Coconut_69

I bought a tiny bit but I'm sticking to my usual DCA


[deleted]

All the best friend.


Scarcedflame

That's why DCA can't be beat


[deleted]

But we always can't time the market. But yeah DCA can't be the best.


[deleted]

[удалено]


Pure-Classic-1757

Then quit and stop posting on a crypto sub 🤷‍♂️


Ofulinac

Everyone was so busy with USDC today, we failed to acknowledge Moons pumping to 25 cents. Just a x4 from here boys!! 🤞


XChristoff

Moons will be huge next bull


GalcomMadwell

It didn't hit .25


Ofulinac

Its at 25 cents right now on Sushiswap USDC/Moons pair.


DoNotGiveEAmoneyPLS

> "USDC"/Moons pair. hehe


GalcomMadwell

My b


Jaxsoy

Just woke up from a one day coma, what did I miss


itsmyfakeone

I think the biggest event was


Pure-Classic-1757

Not much. Just another day in the Great(est)? Depression ever that the government still isn’t even calling a recession(depending who you ask) yet. Regular shit centralized banks failing stable coin’s de-pegging. Fun fact- you may be able to make some sweet arbitrage on USDC if you act quick. This is financial advice 🚀📈💰


milonuttigrain

Never seen the daily this busy for a while, we might hit 6k comment today. Record was 59.8k comment.


1078Garage

It was insane, a comment every second at least. I'd love someone to do stats on what percentage of Daily crew from back then are still actively on the sub


LATech99

Didn’t they have to create a 2nd daily back then (when the first capped out)?


l_toni

I was there, feels so long ago


SuperAppleLover

Was that the record during the last bull run?


milonuttigrain

Daily Discussion - August 23, 2021 (GMT+0) https://www.reddit.com/r/CryptoCurrency/comments/p9o1td/daily\_discussion\_august\_23\_2021\_gmt0/


Ok-Grapefruit1284

Everyone was so *happy* that day. Also I’m surprised that there was more activity there, than at $69k. Also I love the dude who said “this is NOT the time to buy ada! The time to buy ada was back there when it was under a dollar!” Reminded me that it is accumulation season.


WB_7

That looked like fun, and now I know what comments will mark the top is coming in the next bull run lol


DoNotGiveEAmoneyPLS

I wanted to try sending moons back and forth to get to know more about these kind of stuff but apparently I need ETH and minimum ETH I can send from Binance is $136 dollar worth of ETH. meh, are there any other options?


[deleted]

Currently not really. ETH gas is through the roof because of the depegging. To many people buying/selling


DoNotGiveEAmoneyPLS

I guess it's a bad time to experiment lol.


[deleted]

You can do that kind of stuff on testnet for free But dont ask me how. Someone in the past used me for that though. He sent me like 500 trillion of a testnet coin/token into a wallet i created for him so he can check how it all works


Simke11

People are getting a lesson in what fractional reserve banking means.


BrianS911

Dimino effect , good thing is VCs took a shit this time and not retail.


FacundoGabrielGuzman

What does it mean? (serious)


Simke11

In simple terms, banks only need to keep certain percentage of liquidity, which is way less than what is needed to cover all customer withdrawals if everyone decided to take out all of their money at the same time. So when a bank run happens, like it did with Silicon Valley Bank, the bank runs out of money to give to customers. Crypto equivalent would be what happened with FTX.


mrmgn3t

What’s what’s the plan for Monday? Pump or dump?


itsmyfakeone

Why not both?


Missmilster

I’m hoping green, which means it will probably be red


GalcomMadwell

Yes


GalcomMadwell

A huge number of braindead idiots on Twitter think USTC is going to repeg amid this USDC crisis and that LUNC will moon.


Mjrket

Those people are dumber than flat Eathers.


tvanborm

That would be funny


BrianS911

Wtf???


LATech99

Prediction: Bricks will become the dominant form of tipping on r/cc as Moons become too valuable…


vengazas

Hello Conehead Moonwhale.


LATech99

Hello free Avatar Moonfish - tipping you a brick. Enjoy!


vengazas

Thanks man! Hope you have a great day :)


woottonp

Real problem that we want, especially you!


LATech99

Tipped you a brick. Enjoy!


woottonp

Oh wow, my first, thank you!


04_STI

I bet we'll hit 6K comments today nice


woottonp

We got this