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Dead cat bounce

Maybe it's just me, but I can't see governments ever going back to full gold convertibility of notes to gold. A pure gold standard. Too many people don't know about gold except as a pet rock. A lot of people know how to use phones and the internet. Paying for stuff with their phone is a lot more...

I don't think they can hold it. I would assume a lot of mines get into forward contracts to mitigate risk. I would assume there are large costs to holding inventory waiting for the market to turn.

I don think the issue is Bitcoin per se, it's the credit derivatives. Ie: the wrapping of BTC and ETH on different chains and being used as collateral for other things. As the whole thing unwinds, prices fall but the assets of BTC and ETH remain unchanged. The issue was the financialisation of...

It's confirmed? 3 arrows is going under? That means every cefi provider will go under

Did someone get liquidated?

I think, it could botton at the same level as March 2020. Mind you, that's like a firesale. I would think the 300 week is a v strong support

I think I'm ok with that. I've never shorted before, better late than never LOL

I'm thinking of shorting ETH on BSC using venus. Thoughts?

Rip those who need liquidity (Celsius and 3AC)

Link? I'm terrible with searching through forums

Well everything credit is imploding. Gold and silver aren't mooning even though they aren't credit derivatives.

LOL, well I sold and bought all my BTC and will buy some more at 30k ish. I feel like bearer assets are king here. Unless you live on a farm and grow your own food

That's a sniffle away. What's happening though? It can't just be because of Celsius. Is it just cascading margin calls?

Celsius just froze all accounts and stopped all withdrawals. Mates of mine say they're going under due to a bank run. That's more money lost. I lost more money there too

Well I agree that with all Central Banks doing quantitative tightening, raising interests and speaking of further interest rate rises, it seems to me that all assets that have any debt associated with their valuations will go down in price. Cryptos are included because of leverage and their...

No, but when it's not bullish, you get to buy cheap :)

When you put your money in, it goes the opposite of what you predict. When you watch from the sidelines, you predict it perfectly

I'm already DCAing in every 10k drop in AUD

If CBDCs become a thing, enshrined in law and physical cash is removed, gold and silver does not help in the slightest