EPTWow, this might be huge if true.
Also, update on Evergrande:
Trading/Investing Thread - Page 86
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Manit0u
Poland17254 Posts
Wow, this might be huge if true. Also, update on Evergrande: | ||
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Salazarz
Korea (South)2591 Posts
On October 23 2021 10:00 FreakyDroid wrote: I never use leverage and I dont even trade on that exchange lol, in fact I only use Dexes because I dont trust any centralized exchange. I wasn't talking about myself, I was simply pointing out scammy behavior by bots/algos on crypto exchanges, which is what happened on Binance US. https://www.theblockcrypto.com/post/121657/binance-us-blames-bitcoin-flash-crash-to-8200-on-a-bug-in-a-clients-trading-algorithm Then they pretend its an honest mistake lol. I've been in this space since 2014 to know that this is most likely not the case and that it was done on purpose because it happened on multiple exchanges (not to that extreme effect) on multiple coins. No major exchange would do 'scammy shit' like that on purpose. They make absolutely massive profits as it is, whatever they could get from an event like this is just chump change in comparison and likely hurts their bottomline in the long run as customers have so many other exchanges to chose from these days and stability / safety are an important concern for everyone in the space. | ||
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Salazarz
Korea (South)2591 Posts
On October 23 2021 23:46 Manit0u wrote: https://www.youtube.com/watch?v=W9KTUDXzx5E Wow, this might be huge if true. Also, update on Evergrande: https://www.youtube.com/watch?v=llGNLgcfZm0 Man, the original Tether FUD was that they're a scam to get Bitfinex out of insolvency. Then, it was a scam to pump BitcoinCash and take over the real Bitcoin. Now, it's a bomb that will destroy the world-wide financial system? The memes just keep on getting better. | ||
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BrTarolg
United Kingdom3574 Posts
it's like the most overblown thing ever honestly there's infinite stablecoins to mess with now, from partially backed to totally cryptobacked to basket backed (though no successful undercollateralized yet...) | ||
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{CC}StealthBlue
United States41117 Posts
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Emnjay808
United States10655 Posts
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zatic
Zurich15325 Posts
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{CC}StealthBlue
United States41117 Posts
Hertz Global Holdings Inc., fresh off a blockbuster order for 100,000 Teslas, reached an exclusive agreement to supply Uber drivers with electric vehicles and signed up Carvana Co. to dispose of rental cars it no longer wants. Taken together, the deals represent a trifecta of aggressive and innovative initiatives with the potential to upend the car-rental business and hasten the transition to greener fuel sources. The car order on Monday, the largest-ever for EVs at $4.2 billion, was such as watershed moment that it propelled Tesla Inc.’s valuation past $1 trillion. Just as surprising: The company behind it all is barely out of bankruptcy. Only 17 months ago, with the Covid-19 pandemic raging, Estero, Florida-based Hertz was so troubled and its future so uncertain that it was forced to seek protection from creditors. Now, under the control of hedge fund and private-equity owners, Hertz is leaning on mobile technology and digitization to transform a stodgy industry known for uninspiring cars and poor customer experiences. “Our approach is very strategic and very deliberate in terms of how we want to disrupt ourselves and, hopefully, disrupt the industry,” Mark Fields, who’s serving as interim chief executive officer at Hertz, said in an interview. “Instead of asking why, we’re asking why not.” Under the agreement with Uber Technologies Inc., drivers for the ride-hailing giant who previously had to provide and maintain their own EVs will be able to rent one of 50,000 Teslas from Hertz instead. The program, which starts Nov. 1, is an alternative to buying or leasing, and many drivers may find it more appealing. Source | ||
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BrTarolg
United Kingdom3574 Posts
100 usd of shib bought a year ago worth like 80 million now | ||
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{CC}StealthBlue
United States41117 Posts
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FreakyDroid
Macedonia2616 Posts
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{CC}StealthBlue
United States41117 Posts
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BrTarolg
United Kingdom3574 Posts
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cha0
Canada504 Posts
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BrTarolg
United Kingdom3574 Posts
The idea that "we dont know how much leverage there is because crypto is scary/complicated" is just wrong, it's a far more transparent market than tradfi which is regularly 10-100x leveraged, crypto is a very UNDER leveraged market you can see futures OI and liquidations publically for all exchanges and all liquidations on chain are obviously also public. Options side of crypto is tiny volume compared to futures so mostly irrelevant edit: this is response to the vid | ||
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{CC}StealthBlue
United States41117 Posts
Link | ||
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SamyilLoset
1 Post
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{CC}StealthBlue
United States41117 Posts
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LegalLord
United Kingdom13775 Posts
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SirKibbleX
United States479 Posts
It's highly unlikely that developing a Level 2 self-driving EVs will be so difficult as to justify a 10-20x higher valuation relatively to other top automakers - ones who are currently making more money than Tesla, and where Tesla seemingly does not have that strong of a moat. Once the cars become effectively fungible, I can't imagine TSLA will be able to justify such a higher valuation than those other companies. | ||
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