❗Get your bitcoin off exchanges NOW
- Don't mean to be hyperbolic, but everyone is going to feel the heat this November.
- Not just traditional finance, but everyone everywhere all at once.
- Binance is toast. Coinbase will be under pressure also.
- A market meltdown is imminent. We are about to redefine our understanding of 'oversold' in all asset markets. Derivatives will unwind.
- Margin calls are starting but they about to come everywhere you look, just look at Gold's price action these last 2 weeks. People are being forced to sell, in the face of dollar scarcity.
- Bitcoin is anti-fragile but it it not going to be unaffected.
- Every company is raising cash & examining headcounts. Stocks have rebounded into fairytale land once more. Risk is still everywhere.
- Unemployment is about to go parabolic again.
- Anyone found collateralising junk is going to be shown to be standing naked. This is not even 2008, this WILL be worse. Be prepared plebs...please!
- Tensions are high and the West is going into winter, literally and metaphorically. Taiwan, Ukraine, "aliens" create so many potential triggers (and distractions).
- Mentally prepare yourself for lower prices. Be ready to deploy capital at lower prices, not now!
- Short chain-surveillance companies like Palantir if you wish to be a speculator in these markets.
- Don't expect that the Fed can or even wish to step in at this time. Markets always bottom AFTER they intervene.
📉We Are Here
https://i.nostrimg.com/804185a0a63eb5def258c37ac12b93382c4350d54853ef86d33464760d8f367a/file.jpg
This is not a Bitcoin chart, this is where we are in traditional markets and ETFs. That said, look what happened to BTC's USD price in 2020. A meltdown like this will affect Bitcoin, but more importantly it will affect what you have on exchanges. Or not in the future. Fed liquidity cannot save this right now. They are actively destroying markets.
👍 Reasons to withdraw
- Fees are cheap right now, Mempool is almost clear.
- Get your shit together THIS WEEK before the stampede occurs and everyone tries to do the same.
- Learn how to avoid your dependence on these insane institutions. They are inept.
- They will take your Bitcoin and assets to collateralise and save their bacon.
- It's easy - there have never been as many solutions and wallets.
👎 Reasons not to withdraw
- Laziness
- You think the unicorn boom can continue despite the Fed withdrawing liquidity from the markets at a record pace
- You are charitable and want to lose all your money
- You don't read this
🔼 Inflation will come...
- Just not in asset prices.
- In regular goods we all need: Rents, Food & Energy.
- It will come once again in 6-9 months time, when the pain of deflation is worse than the disgust we see today with inflation.
P.S. I am no expert, but for me this setup is beyond obvious at this point. Don't tempt fate, withdraw today and give yourself options for when you may need it most!