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Old 28th April 2022, 13:54     #1001
Know me.
 
If the market was 100% certain that the deal is going to go ahead then the share price would be at/around the deal price. Its pretty close anyway, there is not much in it. If you weigh in the massive downside risk if the deal doesn't go through, they would half I would expect, even worse if Musk just dumps. So you'd expect it to be less.
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Old 28th April 2022, 15:53     #1002
Ab
A mariachi ogre snorkel
 
https://twitter.com/elonmusk/status/1519480761749016577
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Old 11th May 2022, 14:29     #1003
Ab
A mariachi ogre snorkel
 
If any of you were on the LUNA train, I am truley sorry for your lots
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Old 11th May 2022, 17:08     #1004
Cyberbob
 
Proving once again, that those who bought into crypto in the early days were fucking nuts, and are just playing Russian Roulette with extra steps.

Who looks at all LUNA today, and thinks "This is normal."
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Old 11th May 2022, 17:16     #1005
DrTiTus
HENCE WHY FOREVER ALONE
 
It certainly doesn't look like Bitcoin et al are behaving as hedges against inflation, now that we actually have inflation. They seem to be behaving more like stocks (in the speculative asset sense) that sell off when the market loses confidence.
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Old 12th May 2022, 00:30     #1006
Ab
A mariachi ogre snorkel
 
Quote:
Originally Posted by Cyberbob

Who looks at all LUNA today, and thinks "This is normal."
It's perfectly normal for a stablecoin locked to the US dollar to be worth (checks charts) 44c
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Old 12th May 2022, 00:33     #1007
Ab
A mariachi ogre snorkel
 
For more lols: here is a tweet from Nov 28 last year in which the CEO of the Terra Foundation ridiculed a poster for describing a theoretical attack, one which happened in reality this morning on 11 May:

https://twitter.com/stablekwon/statu...97977793728514
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Old 12th May 2022, 15:40     #1008
Ajax
Architeuthis
 
.

Last edited by Ajax : 12th May 2022 at 15:42.
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Old 12th May 2022, 15:41     #1009
Ajax
Architeuthis
 
If the detonation of LUNA is like, I dunno, a mortar round, then Tether will be a 10 megaton nuke. It's just as dodgy but far more critical.
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Old 12th May 2022, 16:30     #1010
Know me.
 
The big news is coinbase. How do you fucking lose so much money unless you are making side bets...

...and BTW exchange users assets are not secure in the event of the failure of coinbase. Ruch to the exit in 1,2 3!

https://fortune.com/2022/05/11/coinb...arnings-stock/

But don't worry El Salvador is buying.
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Old 12th May 2022, 16:59     #1011
Ab
A mariachi ogre snorkel
 
Of course we'll all be cheering if El Salvador becomes one of the wealthiest nations on Earth
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Old 13th May 2022, 03:09     #1012
Ab
A mariachi ogre snorkel
 
LUNA just went below half a cent US.

WHO'S BUYING THE DIP??1
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Old 13th May 2022, 15:56     #1013
Cyberbob
 
Quote:
Originally Posted by DrTiTus
They seem to be behaving more like stocks
Stock is backed by a business with liquidation value, so there's a lower bound on price given their money in the bank & assets. It can't just do this:

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Last edited by Cyberbob : 13th May 2022 at 15:59.
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Old 13th May 2022, 17:54     #1014
Know me.
 
Patrick Boyle. I find him so hilarious.

https://www.youtube.com/watch?v=iisPX_xVMV8

His take on the situation.
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Old 15th May 2022, 14:38     #1015
Lightspeed
 
Quote:
Originally Posted by Lightspeed
It seems no one liked Twitter accepting Musk's offer. Nice healthy dip going on.
Looks like Musk is quailing on his Twitter purchase. Too bad, that's would have been a dumpster fire worth watching.
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