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A comment on Three Arrows Capital has defaulted on a loan worth more than $670M. Parent comment

Re:Three Arrows Capital has defaulted on a loan worth more t... by rvz on Monday June 27, 2022 @12:01PM (#31896464)
After looking at it for a moment, it's equally delusional as /r/cryptocurrency.

I'm enjoying the meltdown because it flushed out those who believed in nonsense like 'This isn't even close to what will be the all time high' [0] 'Doge to $1 by September 2021' [1], etc. Where are they now?

I won't be surprised to see Bitcoin go lower than $10K. This is before regulations and the Tether scam collapsing.

[0] https://news.ycombinator.com/item?id=26840923

[1] https://news.ycombinator.com/item?id=27046019

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Re:Three Arrows Capital has defaulted on a loan worth more t... by paulgb on Monday June 27, 2022 @12:39PM (#31897076)
> After looking at it for a moment, it's equally delusional as /r/cryptocurrency.

There can be some serious discussion there but it's first and foremost a joke subreddit. Without knowing what you're labeling delusional, there's a good chance it's meant to be taken with a sense of irony.

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Re:Three Arrows Capital has defaulted on a loan worth more t... by SilasX on Monday June 27, 2022 @02:02PM (#31898257)
A joke sub wouldn't have a detailed guide for how to productively disagree with its followers:

https://www.reddit.com/r/Buttcoin/comments/p8uv0h/helpful_gu...

Be careful not to get snared by Poe's Law.

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Re:Three Arrows Capital has defaulted on a loan worth more t... by randomhodler84 on Monday June 27, 2022 @12:25PM (#31896846)
I don’t think tether is going to collapse. The money is there and the demand is high.

Nobody is trading suitcases of fiat bills behind closed doors anymore, it’s all in USDT.

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Re:Three Arrows Capital has defaulted on a loan worth more t... by mertd on Monday June 27, 2022 @12:46PM (#31897190)
Can you point to a source for "the money is there"?

Nothing surrounding Tether passes the smell test.

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