Has there ever been a person that has blown up twice like microstrategy CEO? Like if this guy does good its almost certainly a bubble lol.
I hate crypto bros so much man, when I was reading Hayek's denationalisation of money, these mfs had no idea what money was. But yeah feel sad how fucking gullible these people were, thinking they had rediscovered the very concept of finance
I think cathie did also blow up in 2000 and i know her performance in 08 was a lot worse then the market. Ofcourse back then she was a lot smaller and maybe not even calling all the shots.
Garcia senior while not blowing up he already has a fraud conviction from the 90s also in connection with car dealerships thats also big part of the reason why his son is the face of carvana and he s in the back ground as owner.
On the MSTR liquidation looks a lot like they already posted additional collateral in the form of BTC so that there wont be a margin call/forced liquidation. Saylor is gonna go down with this ship as long as he has a cent or a fraction of a BTC to put up as collateral he s gonna do so.
The celsius story seems to be more important ATM and it looks like they have a mechanism that is force selling a lot of their tokens...
Fallout thus far has been quite fucken big though and the bleeding cant seem to stop.
Now since all those crooks and their business models depend mostly on numbers go up in order to function i do wonder if any of the big guys FTX/Binance/Tether will step in to bail out these guy? Again look at the damage Celsius is doing if saylor goes down to i m not sure there is anything left over to safe.
Also we know that celsius has already gotten loans from crypto exchanges in attempts to get over their current crisis.
Also if you ever have free time and want a giggle do some research on Alex Mashinsky dudes too much. Basically shitting on banks wearing shirts that say banks are not your friend all while running what pretty much is an unregulated bank in the crypto space that also has the neat little disclosure of if we go bankrupt your money might not be yours anymore.
Ohh also before i forget it since we re talking shorting if you feel tempted to short any Coin please do so on a regulated broker or with a bank if they offer that. Shorting crypto on one of their exchanges seems a bit futile as chances are if you win big your counterparty wont be there any more to pay up.