I think I was right about getting weird. #[0]
$8T lasted two years. What do you think this next round gon look like?
They have a lot of people’s ETH locked up, which helps, but yes, you can see active management of the ETH/BTC price in the monthly charts. I assume it’s all derivatives and wash trading, but not sure who is at the helm.
I’m not gonna lie. I’m shocked about how much levered money is in Bitcoin. Pretty wild. Being forced to sell hard money to cover borrowed fiat when you should be going the other way. Credit is a hell of a drug.
Today legitimately feels like a turning point in the acceleration of the economic collapse. I’m sure tomorrow I’ll be proven 100% wrong, but something feels different today.
I know I’m in a bubble, but the desperation from the legacy regime, in its manifold existence, seems to be getting more and more pronounced. Things seem to be ratcheting up hard.
Be there or be square. Don’t be a square.
I am genuinely curious as to where people will flee to when the dollar hyperinflates. Too many people don’t understand Bitcoin for the first reaction to be to park their money there. Paper gold and silver will be manipulated with an ever inflating currency. Capital controls. Gonna be a wild time.
Corporate bonds and sovereign bonds will have very different outcomes in terms of still having a claim to assets.
The only way to provide institutional transition from fiat to BTC while still providing fiat services is to over collateralize obligations 4:1 or better. There simply is no other way. Hopefully these lessons stick.
My wife’s family is from Poland and they do homemade pickles once a year from the garden. They are great. Would you say you still like sweet pickles? I think they taste terrible, and there is nothing worse than thinking you’re getting a nice bite of dill pickle and then biting into a cucumber with corn syrup infused into it.
I really think people underestimate this collapse of Silvergate. There is no use for shitcoins other than leverage gambling. BTC gets lumped in simply by being available for market algo paper bets. Weird things could happen here soon. I have no actual idea. Just thinking out loud.
Just overheard two people at the office trying to explain “blockchain” to each other. Had to step in and set the record straight about THE Bitcoin blockchain and what it was and why it was created. We are very very early ladies and gents.
The people telling you that Bitcoin is “too risky” have absolutely zero clue how far out their 401k is on the risk curve right now.
Having a hard time understanding a deleted account of you have your nsec written down.