crimemastergogo
crimemastergogo
Bollywood

SVB going down? India has seen more banks going down in recent times

Because you can't trust banks like Yes Bank, PMC etc , you should own immutable, counterparty-risk-free money like Bitcoin. Views?

20mo ago
crimemastergogo
crimemastergogo
Bollywood20mo

I think start-ups like Chargebee, Clevertap, Freshworks, Postman etc might have been banking with SVB. Not sure though

crimemastergogo
crimemastergogo
Bollywood20mo

But more importantly how do you as an individual depositor protect yourself from such cases. Do you stack sats ?

LegalTimer90
LegalTimer90
stealtg20mo

How did you learn about these companies having money in SVB? This is not public info right?

Jethalaal
Jethalaal
Stealth20mo

That's a stupid view

crimemastergogo
crimemastergogo
Bollywood20mo

yeah probably but just a food for thought . how do you ensure you save your wealth with no counterparty risk

MonthlyCot60
MonthlyCot60
Google20mo

No counterparty risk happened here. Just liquidity crisis. If SVB has good loan book, people will get their money back.

ElomDusk
ElomDusk
Grapevine20mo

Do we know if any startups in india are exposed?

Vegetabledev22
Vegetabledev22
Stealth20mo

Lol🤣 might as well put money in NFT. Crypto has no underlying value, its a mere speculation.

Government bonds are the safest haven

JadeArgent
JadeArgent
Independent Law Practice20mo

SVB went down because of all of its investments in bonds

crimemastergogo
crimemastergogo
Bollywood20mo

Bitcoin held in self-custody removes counterparty risk.

No need to trust a bank to take care of your money or the government to bail you out if the bank fails.

crimemastergogo
crimemastergogo
Bollywood5mo

Are we still about #Bitcoin

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Snoopdogg
SnoopdoggStudent20mo

SVB aftermaths

Was any startup/investor( in India )impacted due to SVB insolvency?

DeluluSelulu
DeluluSeluluFintech Startup18mo

What about IndMoney

Asking as a consumer, how is indMoney doing as a company in terms of profitability, growth etc.

Is it safe to invest money via IndMoney? Wanted to know as there are some negative comments regarding 12% club so was skeptical for this sta...