Slow and steady burn is likely yes. Education is the key to bring nocoiners with us. They can’t be left behind otherwise we end up like Fiat bros. Not sure we can save shitcoiners though.. Truly believe they might have work to do that we can’t help with.
Completely agree!! This only amplifies over time. Once you see it you can’t unsee it.
Very true. I think the veil of infinite money without consequences is slipping and it’s leading to real market moves based on that realisation. Time will tell though. Next week will tell a lot. Could all backslide, but reckon 40k in the next 8 weeks would be viable based on the latest rates vs Fiat. From there, who can tell.
Genuine question: is it just me or does this time round feel different to the last few times in this type of market. In my opinion something structural has changed or more likely something has broken. This market feels real, there is an edge to it.. the repercussions are scary to even contemplate.
Credit Suisse bought by UBS at 1/4th of it’s value. Board rejected initial offer @ $1B so the Swiss government changed laws and bypassed shareholders wishes to allow the acquisition at a valuation of $2B.
EU not happy about the development. It “might” affect investor confidence.
Any one who still thinks of stocks as an asset needs to realise they can take your “assets” at will. Why take that risk??
Lost exactly 1 follower since my last post lol, think it was the dude selling me his Bitcoin 🤭
People are still selling me Bitcoin, I really don’t get it!!
Lol really??
I’m amazed people are still willing to sell me Bitcoin… long may this trend continue.
They literally don’t believe in fungability, they block certain transactions… try sparrow
If Swiss bankers are known as ultra conservative and are asking for a bailout what does that indicate for the free balling risk taking bankers in other banks… I’d heed their actions peeps and adjust accordingly.
If I was to have money in the bank I would be seriously considering withdrawing it right about now. Contagion has crossed the Atlantic and we all know how fast contagion whether real or imagined spreads further.
The threat that banks are insolvent becomes real when people believe it’s real. Bank runs begin when people value holding their assets more than their belief in the latest banking narrative.
Learn from recent history before your hard earned capital gets bailed in to support institutions who view you as a source of revenue.
The “words” are the key, not the device. The device should be thought of as a signing device rather than the key. It signs transactions with your “words” and releases then to be broadcast to the network for verification. Backup “words” on metal for security
Another one for the tin foil hat wearing folks at the back ❤️
The Dangers of Digital IDs and CBDCs: State Surveillance and Freedom Suppression
The short term economic growth often prioritise by politicians always comes at the expense of future generations. These policies may bring limited short term positive outcomes but just like the drunk at the party has to deal with the following days hangover, future politicians will have to deal with outcomes of decisions taken today. The scary part is future politicians will behave no different than todays politicians.
How many generations will be affected by moronic policies and devaluing currencies. You can help to break this cycle. Things might not change for you, maybe not even your kids but it’s possible for your grandkids. Be that change!
They think short term, we should be thinking long term.
The measure of volatility ‘beta’ does not measure risk. Those who use it to measure risk don’t actually understand the concept.
Damn.
Ken Griffin, founder of Citadel hedge fund, says the US central bank’s rescue package for Silicon Valley Bank shows that American capitalism is “breaking down before our eyes”.
https://12ft.io/proxy?q=https://www.ft.com/content/aeb9ef58-6fc1-45af-88b2-b46a2a532b3f
What I got from that is Ackman is clueless about what CBDC’s are going to do to his businesses.