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Where is your proof that Gemini is insolvent? Your friends sound like degenerate gamblers. What does that have to do with having a balanced portfolio with a pe

Where is your proof that Gemini is insolvent? Your friends sound like degenerate gamblers. What does that have to do with having a balanced portfolio with a percentage in crypto? More people are going to do this. Investing in crypto doesn’t mean having all your wealth in it.

dragontamer 4y ago
Wow. A bit nervous, aren't ya? I said "locks up". Celsius is likely insolvent. Gemini is only at the stage where there are withdrawal issues. BTC probably has to drop a bit more before Gemini collapses and/or becomes insolvent, but the issues have begun (like Binance). The other crypto-lenders all locked up like this as BTC dropped from $30k to $20k, it looks like Gemini is stronger but its beginning to have withdrawal issues now. If BTC keeps crashing, other crypto-lenders (including Gemini) will be wrecked. Its just the nature of how those systems work.
- dubswithus 4y ago
  Why would I be nervous? I don’t hold bitcoin and don’t have anything on exchanges. Are you projecting some of your nervous energy? Gemini doesn’t have withdrawal issues. Misinformation only makes your position look weak. Crypto exchanges always run into platform issues when volume is high. Everyone claims it’s a giant conspiracy because 10x engineers could never fuck up this bad. Well, they can and do. Your claim Binance is going under is laughable as well. You have zero understanding of this market.
  - dragontamer 4y ago
    > Gemini doesn’t have withdrawal issues. Sure thing bud. https://www.reddit.com/r/CryptoCurrency/comments/vf6spv/gemini_trust_have_you_had_a_successful_withdrawal/ https://www.reddit.com/r/CryptoCurrency/comments/vf6spv/gemi... > Crypto exchanges always run into platform issues when volume is high. They also seem to be running into platform issues when they're running out of money. Volume was high on the way up. Volume on the way down is... much less than before. Coinbase (and others) have laid off thousands of workers because BTC volume has declined precipitously. This ain't a volume problem. They're just pretending its volume.
    - dubswithus 4y ago
      Wow, reddit comments. Great source. Cashed our 7 figures last year. I’m good.

dragontamer 4y ago

Wow. A bit nervous, aren't ya? I said "locks up". Celsius is likely insolvent. Gemini is only at the stage where there are withdrawal issues. BTC probably has to drop a bit more before Gemini collapses and/or becomes insolvent, but the issues have begun (like Binance). The other crypto-lenders all locked up like this as BTC dropped from $30k to $20k, it looks like Gemini is stronger but its beginning to have withdrawal issues now. If BTC keeps crashing, other crypto-lenders (including Gemini) will be wrecked. Its just the nature of how those systems work.

dubswithus 4y ago
Why would I be nervous? I don’t hold bitcoin and don’t have anything on exchanges. Are you projecting some of your nervous energy? Gemini doesn’t have withdrawal issues. Misinformation only makes your position look weak. Crypto exchanges always run into platform issues when volume is high. Everyone claims it’s a giant conspiracy because 10x engineers could never fuck up this bad. Well, they can and do. Your claim Binance is going under is laughable as well. You have zero understanding of this market.
- dragontamer 4y ago
  > Gemini doesn’t have withdrawal issues. Sure thing bud. https://www.reddit.com/r/CryptoCurrency/comments/vf6spv/gemini_trust_have_you_had_a_successful_withdrawal/ https://www.reddit.com/r/CryptoCurrency/comments/vf6spv/gemi... > Crypto exchanges always run into platform issues when volume is high. They also seem to be running into platform issues when they're running out of money. Volume was high on the way up. Volume on the way down is... much less than before. Coinbase (and others) have laid off thousands of workers because BTC volume has declined precipitously. This ain't a volume problem. They're just pretending its volume.
  - dubswithus 4y ago
    Wow, reddit comments. Great source. Cashed our 7 figures last year. I’m good.