1/ an explainer on asset liability mismatch and why crypto firms are especially susceptible to this phenomenon due to issues around duration matching and risk management
tl;dr the finänce explanation for celsius, 3AC, and many others struggling
this is a balance sheet ⚖️
For the past few months, I have been saying it's a great time to DCA heavily.
Now I believe Bitcoin is very close to a multi-generational galactical pico-bottom where I plan to allocate all of my dry powder for my grandchildren's grandchildren.
Let me explain below:
Some of these indicators are tracking similar technicals (e.g. moving averages) so some confluence of signals is to be expected, nevertheless we are definitely at levels where historically it has been a good time to buy.
Not trading advice.
Looking at a few of the top technical indicators for #Bitcoin and many are starting to get into buy territory. Price can, of course, drop further but history tells us that we will see upside from here within time...
Thread below 👇
Finally we have the Fear and Greed Index
https://t.co/aYJQMXU2Yt
Fear is at 9 which is extreme and not seen since, again, Mar 2020, and before that Dec 2018.
@loomdart The whole world is a lie. Built by Wall Street and Silicon Valley. Was that not the whole point of crypto and decentralised networks….to rebuild?
If you don’t need the cash then don’t sell now. For every seller there is a buyer. Money is flowing from weak hands. Kings are being made. Don’t be the jester #BTC#BitcoinCrash#staystrong
GM. So much negativity out there in crypto Twitter. Gonna spread a little love. One #STEPN activation code available. DM me if you need one. Will pick a random winner later today. Good luck 🙏