all defi and stablecoins are going to zero in the coming weeks and bitcoin will prolly be 10k but that means the stock, bond, and credit markets will be like 2008 and march 2020
peeps with their funds locked up are about to learn an expensive lesson
And Moses said unto the people, Fear ye not, stand still, and see the salvation of the LORD, which he will shew to you to day: for the Egyptians whom ye have seen to day, ye shall see them again no more for ever.
ye shall see them again no more forever
the entire financial system will start to collapse in the coming weeks causing the most insane amount of money printing the world has ever seen. far beyond 2008 and 2020.
ye shall see them again no more forever
never again will central banks attempt to tighten monetary policy and preserve the old world order. from that point forward, it will be rats abandoning ship
When stablecoin scam finally unravels BTC goes way lower than 10k. Look what UST crash did to markets, all crypto rekt, mstr rekt, coinbase rekt and UST is peanuts compared to possibly greatest financial fraud ever - USDT and USDC
When stablecoin scam finally unravels BTC goes way lower than 10k. Look what UST crash did to markets, all crypto rekt, mstr rekt, coinbase rekt and UST is peanuts compared to possibly greatest financial fraud ever - USDT and USDC
you know not of what you speak
if bitcoin is lower than 10k spx will be lower than 2k you know what that means?
what do you think happens when spx is lower than 2k and no bid? everyone gonna nod and shake hands and agree gotta get all that darn speculation out of the market?
us debt is up 10+ trillion in last 3 years plus double digit inflation
bitcoin cold wallet bros know this is exactly what is expected
idiots punting off their money in ponzi defi scams will learn a hard lesson
I assume the exchanges will either try to bailout Tether or conspire with Tether to keep the fraud going. If Tether implodes, so does most of the volume and no trading = no business for the exchanges.
0.9564 right now
In theory it's an easy arbitrage opportunity and the peg should insta-go back to $1 once people start redeeming it. I wonder how much, if any, redemptions Tether is processing.
Tether not having their backing in USD and all markets being down means Tether will almost guaranteed not have full backing right now. They don't need to have full backing anyway as long as there are people that need Tether to trade out of whatever shitcoin they thought would be the next bitcoin. They only need enough to hold the peg reasonably close to 1 which is more about liquidity than their total backing.
if bitcoin is lower than 10k spx will be lower than 2k you know what that means?
The worst feeling in investing is when you nail a macro prediction but get the play wrong on what it will mean. BTC investors were always dead-right about the crooked financial system and the wealth-robbing inflation scam that is the USD. They were dead-wrong about how a virtual currency fabricated out of thin air on a computer was the hedge and answer to that.
Investors have been looking for a singular, passive, put-in-your-mattress permanent, investing hedge against inflation since the dawn of fiat currency. It doesn't exist and never will. The solution has and will always be active and nimble management of wealth. You have to play the game to beat the game.
The worst feeling in investing is when you nail a macro prediction but get the play wrong on what it will mean. BTC investors were always dead-right about the crooked financial system and the wealth-robbing inflation scam that is the USD. They were dead-wrong about how a virtual currency fabricated out of thin air on a computer was the hedge and answer to that.
Investors have been looking for a singular, passive, put-in-your-mattress permanent, investing hedge against inflation since the dawn of fiat currency. It doesn't exist and never will. The solution has and will always be active and nimble management of wealth. You have to play the game to beat the game.
the entire financial system will start to collapse in the coming weeks causing the most insane amount of money printing the world has ever seen. far beyond 2008 and 2020.
ye shall see them again no more forever
never again will central banks attempt to tighten monetary policy and preserve the old world order. from that point forward, it will be rats abandoning ship
At some point people will realize how poor of a job the fed has done for the last ~3 years by keeping rates so low for so long. It also seems likely the federal government will figure out that throwing money at everyone doesn't fix anything. Yes, everyone running the country is stupid, but you can't assume they will stay stupid forever.
Even the white house will figure out that you can't discourage drilling when oil prices are near/at all time highs and inflation is running rampant before joe gets out of office. If they don't figure it out in the next 6 months they will face an incredible amount of pressure if the GOP wins majority in the senate or house to help ease inflation.
At some point people will realize how poor of a job the fed has done for the last ~3 years by keeping rates so low for so long. It also seems likely the federal government will figure out that throwing money at everyone doesn't fix anything. Yes, everyone running the country is stupid, but you can't assume they will stay stupid forever.
Even the white house will figure out that you can't discourage drilling when oil prices are near/at all time highs and inflation is running rampant before joe gets out of office. If they don't figure it out in the next 6 months they will face an incredible amount of pressure if the GOP wins majority in the senate or house to help ease inflation.
Agreed except the mismanagement of interest rates by the Fed dates back to the Greenspan years. They've been blowing serial bubbles for about 30 years, trying to replace real economic and productivity growth with asset-appreciation induced demand growth. The only difference this time is how the money was delivered directly to the public en masse, which caused inevitable demand-pull inflation. That will limit how soon they can blow the next bubble.
'but you can't assume they will stay stupid forever.'
This is the ultimate argument every socialist eventually makes. 'The wrong people were in charge, we didn't take control of the money in the right way!'
This is also hilarious about the inflation thread where people write walls and walls of text about the FED while you can just sit back and watch bitcoin churn out blocks every 10 min with a predictable supply schedule. Pure beauty.
'but you can't assume they will stay stupid forever.'
This is the ultimate argument every socialist eventually makes. 'The wrong people were in charge, we didn't take control of the money in the right way!'
This is also hilarious about the inflation thread where people write walls and walls of text about the FED while you can just sit back and watch bitcoin churn out blocks every 10 min with a predictable supply schedule. Pure beauty.
And if that fixed, predictable supply of BTC actually translated into utility as a reliable, long-term hedge against the mismanagement of fiat then you'd really have something there. And by long term I mean more than a few years / one or two economic cycles.
