Bitcoin is Dead - Page 10

Castle2.0 · #91 07-14-2022, 07:39 PM

The macro:

The same reason everything is dropping: the central bank raised rates. It makes borrowing more expensive. This is supposed to slow spending. The stated goal is to bring inflation under control (officially at 9.1%, and supposedly they want 2%.)

The micro:

You also had some large over-leveraged entities rehypothecating capital. We're all geniuses in a bull run. When prices start to fall things unwind. These over-leveraged entities are forced to sell to recapitalize their loans/positions. The lenders holding these loans may go insolvent because they aren't being repaid by the risky borrowers who borrowed from them.

You can look up 3AC (3 Arrows Capital), Celsius, and BlockFi to name some. Oh and TERRA/LUNA. We had a big dip because they had a large BTC reserve they were forced to sell to try to keep the peg their "algorithmic stablecoin." I don't trust algo stablecoins. If I want to be in fiat, I use normal stablecoins like USDC, USDT, BUSD.

Reiwa · #92 07-14-2022, 08:02 PM

Quote:

Originally Posted by Castle2.0 [You must be logged in to view images. Log in or Register.]

USDT

no

Castle2.0 · #93 07-14-2022, 08:05 PM

Quote:

Originally Posted by Reiwa [You must be logged in to view images. Log in or Register.]

o

n

Castle2.0 · #94 07-14-2022, 08:06 PM

now go listen to your masters at the fed

Reiwa · #95 07-14-2022, 11:40 PM

Quote:

Originally Posted by Castle2.0 [You must be logged in to view images. Log in or Register.]

now go listen to your masters at the fed

USDT is a scam. Sorry you acting like a lady on her monthlies, bro.

Jibartik · #96 07-15-2022, 12:01 AM

when is dogecoin gonna go to a dollar again

Castle2.0 · #97 07-15-2022, 12:04 AM

Quote:

Originally Posted by Reiwa [You must be logged in to view images. Log in or Register.]

USDT is a scam. Sorry you acting like a lady on her monthlies, bro.

Be a good boy and listen to your masters at the fed who are praising LN. Sorry, you can't handle being wrong.

Jibartik · #98 07-15-2022, 12:08 AM

Castle vs the fed!

Reiwa · #99 07-15-2022, 12:10 AM

Quote:

Originally Posted by Castle2.0 [You must be logged in to view images. Log in or Register.]

Be a good boy and listen to your masters at the fed who are praising LN. Sorry, you can't handle being wrong.

Jibartik · #**100** 07-15-2022, 12:11 AM

Quote:

Originally Posted by Reiwa [You must be logged in to view images. Log in or Register.]

This is still better than the nuke prepairdness video from big shot New York