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#ibkr

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blami<p>I know its like a drop in the ocean but we sat down today and went through <a href="https://mastodon.online/tags/US" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>US</span></a> based services we use here in <a href="https://mastodon.online/tags/JP" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>JP</span></a>. We cancelled <a href="https://mastodon.online/tags/Spotify" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Spotify</span></a> , <a href="https://mastodon.online/tags/Youtube" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Youtube</span></a> Premium, <a href="https://mastodon.online/tags/Netflix" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Netflix</span></a> (no replacements for now), <a href="https://mastodon.online/tags/Amazon" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Amazon</span></a> Prime (<a href="https://mastodon.online/tags/Rakuten" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Rakuten</span></a>), plan to move our <a href="https://mastodon.online/tags/IBKR" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>IBKR</span></a> portfolios over to Rakuten Securities and <a href="https://mastodon.online/tags/Degiro" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Degiro</span></a> , <a href="https://mastodon.online/tags/Adobe" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Adobe</span></a> CC. I am still looking for good replacement for <a href="https://mastodon.online/tags/Cloudflare" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Cloudflare</span></a> , <a href="https://mastodon.online/tags/Backblaze" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Backblaze</span></a> and we need to decide what to do with <a href="https://mastodon.online/tags/Apple" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Apple</span></a> iCloud and <a href="https://mastodon.online/tags/Google" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Google</span></a> One, GMail and their other services.</p>
⚯ Michel de Cryptadamus ⚯<p>MicroStrategy margin calls incoming at IBKR (AKA "the world's largest financial products trading platform")... which in turns means bitcoin margin calls are coming (MSTR is a pot of bitcoins masquerading as a company, not an actual corporation).</p><p>The chairman of IBKR has recently expressed legitimate fear about a big move in bitcoin prices causing a ripple effect and destroying multiple financial institutions: <a href="https://universeodon.com/@cryptadamist/113649421774399858" rel="nofollow noopener noreferrer" translate="no" target="_blank"><span class="invisible">https://</span><span class="ellipsis">universeodon.com/@cryptadamist</span><span class="invisible">/113649421774399858</span></a></p><p><a href="https://universeodon.com/tags/MSTR" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>MSTR</span></a> <a href="https://universeodon.com/tags/IBKR" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>IBKR</span></a> <a href="https://universeodon.com/tags/MichaelSaylor" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>MichaelSaylor</span></a> <a href="https://universeodon.com/tags/MicroStrategy" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>MicroStrategy</span></a> <a href="https://universeodon.com/tags/Bitcoin" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Bitcoin</span></a> <a href="https://universeodon.com/tags/BTC" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>BTC</span></a> <a href="https://universeodon.com/tags/crypto" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>crypto</span></a> <a href="https://universeodon.com/tags/Cryptocurrency" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Cryptocurrency</span></a></p>
⚯ Michel de Cryptadamus ⚯<p>The chairman of <a href="https://universeodon.com/tags/InteractiveBrokers" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>InteractiveBrokers</span></a> (<a href="https://universeodon.com/tags/IBKR" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>IBKR</span></a>) says in this interview on <a href="https://universeodon.com/tags/Bloomberg" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Bloomberg</span></a> ca. 10:00 that margins on bitcoin trading accounts are becoming increasingly large and unstable and he's "sort of scared of cryptos". Specifically he's concerned that a sudden 30% move in the price of bitcoin would bankrupt an incredible number of people, including a bunch of financial firms which could cause a ripple effect and take out some clearing houses.</p><p>Bear in mind that IBKR is on many metrics the largest electronic trading platform in the United States. You can trade stocks, bonds, options, etc. (and bitcoin). In other words this guy has seen the data and he found it Very Concerning.</p><p><a href="https://www.bloomberg.com/news/videos/2024-12-11/thomas-peterffy-talks-trump-m-a-cryptocurrencies-video" rel="nofollow noopener noreferrer" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">bloomberg.com/news/videos/2024</span><span class="invisible">-12-11/thomas-peterffy-talks-trump-m-a-cryptocurrencies-video</span></a></p><p><a href="https://universeodon.com/tags/bitcoin" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>bitcoin</span></a> <a href="https://universeodon.com/tags/crypto" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>crypto</span></a> <a href="https://universeodon.com/tags/cryptocurrency" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>cryptocurrency</span></a> <a href="https://universeodon.com/tags/IBKR" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>IBKR</span></a> <a href="https://universeodon.com/tags/stockmarket" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>stockmarket</span></a> <a href="https://universeodon.com/tags/markets" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>markets</span></a> <a href="https://universeodon.com/tags/finance" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>finance</span></a> <a href="https://universeodon.com/tags/financenews" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>financenews</span></a> <a href="https://universeodon.com/tags/BTC" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>BTC</span></a></p>
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