Banking collapse right around the corner? [news]

They control $3.6 trillion so $200 billion is 5.5%.

Sounds like clickbait. But who knows, a recession could be around the corner considering the economic boosting policies of the current admin is ESG nonsense.

When the collapse comes we, the sheeple, will not be prepared and not see it coming.

Carry on.

Are you suggesting it's coming, you know it, but aren't prepared?

anyone following USD and XAU over the last year knows it already collapsed and we've been in a recession at least 2 years. printing and dumping trillions into the economy weakens the dollar. long term investments and savings no longer exist. day trading is the only way to earn. gold is the only way to hold it.

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g̶o̶l̶d̶ < bitcoin

yes i can respect your obsession

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Thanks.

It's true. Gold & Bitcoin (physical gold & self custody BTC) both save people from central banks/gov inflating away the value of our fiat.

but there's no inflation

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Remember when all govs of the world were printing $trillions while saying it won't cause inflation, and people believing them

Then they said it's only transitory.

and look now

Great video with Lyn Alden (she's smart af, follow her)

yea we were in the states when inflation started. we gtfo quick

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Huh, literally no one believed them. 100% of people knew inflation and recession were imminent.

Yes. Because no one is "prepared". A small recession that lasts a few months/couple of years? Okay. But a COLLAPSE? No one is prepared for that except the super wealthy - and it will hit them too just a little bit later.

Judging by recent events, all of humanity is heading for collapse..

It has to happen sooner or later

If I'd bought apple with the windfalls, I'd be an old millionaire.

Collapse? Know some guys with guns and country houses. No gas tanks or solar electric.

That's complete bullshit. You have to know that 50% of people will believe the "experts" no matter what. Inflation was proof of that, Covid vaccines were even more proof. They will believe anything.

I know of one superior store of value.

Hint: it's not 14 year old software whose market is about to get ruined with ETF's and other derivative nonsense that will direct invested value away from the core asset

From his sig: "high yields from stablecoins at elephant.money"

Note to everyone, when you hear altcoin promoters mentioning "high yields" it is a HUGE red flag to RUN!

AmateurFlix, sorry to state truth man, but it won't exist in 3-5 years. So to consider that a store of value is very deceiving. Not sure what you're getting out of spamming/promoting it, but I sure hope it's worth slaughtering your reputation for.

Guy betting on ripple said the real crypto play is about which coin(s) the central banks choose for their CBDCs. If any of them.

Bullshit

My reputation is that anyone who would've bought into this when I first posted about it would have doubled their money already in a bear market, NFA.

Here's a view of the daily chart for over a year against BNB, which has been down lately. What do you think is going to happen when BNB inevitably rises now that Asia money is opening up to it? BTW, I posted about this in December of 2022, look at the chart since then


Your understanding of crypto is laughable, which is typical of the majority of bitcoin maxi's. Your position requires concentrating rubes into a simple pyramid scheme which necessitates turning them away from any other opportunities.

Bitcoin enjoys its current position due to the momentum of having been the first big success in crypto however fundamentally it is 14 year old software which is being transformed into a financial product for swing traders to extract value from, rather than what its original intent was, a non-inflationary store of value. The creation of derivatives surrounding bitcoin is tantamount to printing more coins; the invested value essentially gets diluted among bitcoin and bitcoin products.

So much for that oh so important "21 million" bitcoins getting all the invested value

As for this somehow not existing in 3-5 years, that is nonsense. It will exist for as long as the blockchain is online. You should really do some basic crypto homework and familiarize yourself with terms like "immutable contract".

Bitcoin will always have a place however the future of crypto is not being built upon 14 year old tech which lacks any sort of smart contract ability... it's not going to remain at the top forever unless innovation in competing blockchains halts, which isn't going to happen.

BTW I'm not "spamming/promoting" this, I've never even included my refcodes in the links and they don't pay me. I'm just someone who has done a hell of a lot of research into crypto the last few years and out of the thousands of projects I've seen this one is by far the best and most sensible of them IMO, not financial advice.

So what's your incentive for promoting bitcoin?
Someone paying you for that sig link and your poorly informed keyboard diarrhea?

^^ paid shill no doubt, can you tell us honestly that you are not getting paid or incentives from that company? (that's all it is, a centralized company). You're promoting a company with a leader/founder who stands to gain, and they have marketing payroll, that you're probably on. That combined with offering HIGH YIELD (see your sig) is very similar to a ponzi.

Bitcoin, on the other hand, has none of that. It's a protocol, decentralized, with no central authority or control. So stfu crypto/shitcoin shiller.

Na I just think he into the project sure he has something to gain if it goes up

His sig: "High yields from stablecoins at elephant.money, Trustless, lossless farming from one of the biggest BNB holders on the blockchain"

red flag #1 - high yields. I saw one page of ElephantMoney that says they get up to 50% APY lol. That is insane high and only can offer that if SUPER high risk or scam. That is what caused the crypto implosion last year, companies like Blockfi, Celsius, etc offering high yield and when BTC dropped they all fell like dominos (even they didnt offer as extremely high as 50% tho lol, that's just insane)

red flag #2 - trustless - that's a lie, every centralized altcoin/ponzi/company has a leader/founder/central authority that you must trust.

red flag #3 - lossless - If he means you have no chance of "loss" this is a HUGE red flag and this is usually a sign of a affinity scam or ponzi, (see every example of ponzi or affinity scams, ie: lookup "Bint")

red flag #4 - his post he calls this a better store of value than Bitcoin, even tho existed for only a year. 99% of altcoins fail whilst BTC has survived as #1 for almost 15yrs unscathed. When daring to say something is a better store of value, time does matter.

This is all from just his sig&post, so imagine the other marketing tactics they're using to reel in your cash flow.

Ain't that always the truth....

Then again, the market appears to have beaten Michael Burry's collapse predictions

You really should have both though... Some silver too.

Agreed 100%.

Okay, let's start with why you avoided this question?
What are you getting out of trying to scare people away from other opportunities? Who is compensating you for the advertising space in your sig and for spending your time on these poorly informed little tirades & fud?

Don't avoid the question. I've been honest and transparent here since I began sharing info about this opportunity, why won't you be?


I've answered this before in the linked thread, you know the answer, you're asking the question again in bad faith to throw doubt upon my reputation and anyone can see that. Again, I am not being paid in any way, I've included no ref codes, I am merely a holder like anyone else. With over $50 million in liquidity, anything that anyone here buys is barely going to move the price up so any gain in my holdings I'd get from convincing someone here to buy would be quite minimal. I'm simply giving back an opportunity to my colleagues of nearly 20 years.

To any who've doubled their money in the past several months, you're welcome


This type of dumb shit is why you are too ignorant to comment intelligently on the wider crypto market. That is what happens when you focus too much on one lone coin.

This is *NOT* a "centralized company" as you claim. It is a collection of smart contracts published to the blockchain, that's all it is. There is no company, no individual, no group who has custodial access to the funds deposited. There is one developer who has written the contracts and continues to develop new additional features, much like Satoshi Nakamoto was to bitcoin.


That is a lie.


I don't think you understand what a ponzi is. High yields can be offered because there is a large amount of funds flowing into the system, retention is extremely high, and there exists a 10% buy and sell tax to fund the yields. The treasury keeps going up because it is sustainable, that is the opposite of a ponzi.


You might want to take a look at just how centralized bitcoin validation has become before you try to tout that as a virtue. Bitcoin today is not the bitcoin of a decade ago. Transaction validations are HIGHLY concentrated in just a handful of jurisdictions. The price is very easily manipulated by central exchanges and fake volume. Just around 2000 wallets control around 40% of the circulating supply, it's not as well distributed as people are led to believe.

Add to that Blackrock is getting in the game with a bitcoin ETF for swing traders to take advantage of. I've little doubt it will be marketed to the elderly and paranoids to encourage them to dump their life savings into a fund with intentional volatility knowing full well the majority will panic sell and make Blackrock richer.

Bitcoin's price, as manipulated as it already is, stands to get much more manipulated by the big players. It is very far from being a transparent result of the free market.


I'm quite capable of refuting all of your imbecilic spiel, so no... we can keep this up until you learn or quit.


You didn't look very closely then because some of the APR's are actually significantly higher... OTOH, I don't see "50%" anywhere, nor do I even remember anything offered with that specific amount... it's kind of like you just pulled that number out of your ass


Ever consider that perhaps you don't understand what it is you're looking at? Yes, all crypto is high risk, bitcoin included. That doesn't mean it's a scam.

One hallmark of a scam is trying to convince people not to diversify their investment. This project actively encourages participants to spread their investment over multiple coins, many of which are not native coins.

You, on the other hand, tell people to place their entire crypto investment into one coin


There were many factors which contributed to the bear market, fraud being the biggest one. Centralized crypto exchanges are little different than traditional finance and rife with opportunities to deceive people, to entice them with fake volume from coordinated buys and sells. DeFi makes the whole process much more transparent.



Again, you lack fundamental knowledge of crypto. Smart contracts are immutable and when ownership is renounced and there is no custodial access to funds, then there is no one to trust. That is a basic principal of crypto. If ownership is not renounced and/or custodial access is programmed in, that would be a different situation.

Do not accuse me of telling a lie when you are too fucking ignorant to understand the terminology of the very sector which you are promoting Einstein


Again, you display your ignorance of the terminology in this sector. DeFi "Farming" traditionally involves staking an equal value of two currencies into a liquidity pool which uses a constant product formula to maintain equal values when one currency or the other is added/removed from the pool. This can lead to "impermanent loss" where when one takes their funds out of the pool, they end up with more of one coin and less of the other.

Lossless farming is an innovation which eliminates the impermanent loss. If you put in X tokens of one coin and Y tokens of the other, when you unstake your position you get back exactly the same quantity that you put in, having enjoyed the earnings during your stake.

This has exactly ZERO to do with anything you referenced. If you had taken the time to learn about the protocol rather than zealously attempted to shit talk something you clearly don't comprehend, you would have known that.


No, that is also incorrect... do you even know how to use a blockchain explorer? This has been online for over two years now... the developer and the investor community has been around for closer to six years, developing multiple projects (all with a stellar reputation) and this is the tokenomic model which has been refined over those years.

Imagine if bitcoin was more well distributed, with no single individual holding more than 1%. Now imagine that every transaction captured 10% of the value and stored it into a treasury. A portion of that treasury would be used to deepen liquidity and make the price more stable, more resistant to fluctuation, while the rest just keeps getting tucked away, making the coin more scarce over time. Now imagine that said treasuries never ever dumped any more coins than the algorithm requires, making it essentially a big friendly whale which controls roughly 65% of the circulating coins, with another ~14% in liquidity pools. Now imagine that the treasury is employed to pay yield on other assets, while storing value in the native coin... all the while value in the native coin outpaces the liabilities generated from the yield offerings. The system would become its own trading center, generating its own income from the taxes.

That is what has been built here, it's a rather ingenious piece of financial engineering.

It has vastly superior growth potential compared to 14 year old, first generation software which lacks even the most basic of smart contract programming capabilities and is comparatively poorly distributed among top holders.


Welcome to the 1%.

Or you could actually do your homework rather than shit talk something you are entirely ignorant of. Ever consider that?

There isn't much of a marketing budget, that was an intentional choice to avoid this being potentially eyed as a security. There have been a few banners posted on various sites, that's about it. The rest is mostly from other holders who've seen the potential and want to spread the word so others can partake in the opportunity.

For those willing to do more investment research than reading someone's sig:

If you'd like a more direct comparison to Bitcoin, here is the "supply adjusted" price, if the value was concentrated down to the same 21 million coins:



It's over two years on, but this is very early for those willing to take a gamble.

I'm only going to comment on 1 of your replies, because you're too ridiculous. 40% of circ supply is on exchanges, when you see 1 address holding a large amount of BTC that is an exchange. You're trying to be deceptive. You are basically a scammer sales man. I honestly hope you can make tons of money off the ElephantMoney scam, but not at the loss of others. I will call you out. Like any scam, you can make money off it, so anyone hoping to "get lucky" by all means go for it, but you have been warned.

Desperate marking tactic.

Are you "all in"??? Man, that sucks. You lost. But you're not going to drag anyone else down with you AmateurFlix. This scam will not last more than a few years.

..and a couple fish ponds, several vegetable gardens, meat birds, solar water pumps, and some rice/grain fields.

we're covered on money storage. you gotta cover survival too. we have all those things except meat birds. they're too noisy and dirty. we'll be able to trade for them locally if it goes down.

i told my wife we should build a fallout shelter but she made me put away my tin foil hat

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Why do you keep avoiding this question?



I think you require a time out per rule #10.

Posting someone's debunked youtube video is not proof of your claim, and your continued insistence that I am some kind of paid salesman for this project is simply without merit.

You have no way of backing up this false allegation because it is simply baseless libel.

I remember you from like a decade ago when we had some link trades or something, you always seemed like a fellow with some sense of honor. WTF happened to you to turn you into such a desperate shithead liar?

...

This is typical of bitcoin maxi's, they are the most ignorant crowd in the crypto space. They glean a few buzzwords from other bitcoin maxi's and then gaslight each other in their own self-created circle of ignorance and fear, desperately avoiding learning new information about a rapidly evolving technology while they pretend it's still 2009.

Bitcoin is 14 year old, first generation software. There's nothing wrong with it for what it is, but pretending that it is where stability or major growth lie at this point in the crypto game is simply ridiculous. It is literally the most recent target of Blackrock's market manipulations via a product intended for traders to make money from exploiting volatility. That is not exactly an indicator of stable long term growth.

For perspective, it is tantamount to telling naive noobs that the way way to make money in adult is by setting up a dial up BBS at the time that everyone had high speed internet and tubes were becoming the norm. 1994 - 2008, that's the same timespan as when bitcoin emerged until the present.

And this clown has the nerve to call me a scammer.

Judge for yourself, do your own research, don't let poorly informed bitcoin maxi's cloud your judgement, they are among the worst people in crypto to take advice from

Visit something like https://www.coingecko.com/ and ask yourself if the 99 other choices listed there, many with multi-billion dollar market caps, can all be scams, can all be somehow inferior to the initial offering in this sector, can all have less stability, can all have less growth potential.

The claims of these type of clowns dissipate with but with the slightest bit of education.


No, I allocated a reasonable portion of my funds into the project and continue to DCA in

"Wisdom has always been chasing you, but you have always been faster."

BitCoin is supposed to surge soon to $120,000 per coin.. when that doesn't happen.. they'll say next year.

Remember: sell on the good news. Buy on the bad news.

@AmateurFlix

There's isn't 1 investment in the world that can promise 50-200% APY returns unless it is a scam or ponzi.

ElephantMoney scam offers to enrich the founders. Bitcoin does not since it has no central authority or founder.

Bitcoin doesn't offer APY, Bitcoin offers to exist and to transact. With that the price (against any inflating fiat currency) should logically & mathematically appreciate. I still wouldn't recommend anyone to buy Bitcoin unless they learn about it first.

Now it's up to you, promote the scam/ponzi, or not, but if you do, you will be called out for it on every single thread.

Everyone, please learn from the past, Celsuis, Blockfi, Safemoon, and all those high APY were able to offer/promise such high yield because they were playing a VERY high risk game. Learn from it! Don't let the altcoin and ponzi promoters fool you again. Us "maxi's" were calling these out before they imploded, not because we hate all altcoins, but bcos their business models are hugely greedy and unsustainable.

What is going to be called out on every single thread is your brazen ignorance of the crypto market. You lack even a basic vocabulary to discuss the topic intelligently.

The notion that anything which stands to enrich the founders is a scam, is simply irrational. Of course anyone who holds from an early point in time and sees a rise in value stands to gain; bitcoin as well.

(bitcoin) ... "should logically & mathematically appreciate" - this is basic supply and demand. It is a highly volatile, speculative coin which no longer offers any significant advantage over many competing altcoins, many of which are technologically superior. Its price over the long term will have more to do with pressure from news cycles, market manipulations, and the long slow degradation of its appeal as compared to the utility of its competitors.

Yes, please do learn from the past. While the coin which twatwaffle here would deceive you into thinking is the only rational investment option lost around 75% of its value between Nov 2021 - Nov 2022 there existed many many other altcoins which did not see such great loss.

BTW:
Your avoidance of this simple question is beginning to look like you have something to hide...

all i'm gonna say about the spat is that i bet this thread converts more elephant buys than bitcoin buys.

remove all the emotional damage and there's some good facts here on both coins.

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40 banks collapsed

Damn, that got me thinking for a while, incredible, time flies, time is weird.

Elephant seems interesting, thanks.

Stock market going wild right now.

How far will it go up before it starts crashing?

Canary in the coal mine?

Smart Money usually moves several quarters before FIT hitting the SHAN

The banking crisis is REAL and could stretch on for YEARS: https://www.bloomberg.com/news/artic...etch-two-years

Seems like there's new news of banks under pressure every single day

Canary in the coal mine swooning?

That FITCH RATINGS downgrade is NOT a good look

I wonder how many shoes will drop....

you can probably stop bumping your fucking thread every day?

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I don't worry, my piggy bank is full.

https://www.reuters.com/markets/euro...es-2023-08-03/