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Currently, it's a game of chicken in reverse...
Those that keep their funds on a centralised lending service the longest, end up losing.
Even if they can meet withdrawals right now, it's not guaranteed in a "run on the bank" scenario.
It's a game that you don't want to lose.
The importance of humility is one of the most essential life lessons we can take away from this #cryptocrash.
Advising skeptics to "have fun staying poor" didn't endear them to the community.
On your way up, be polite, because you never know who you'll run into on the way down.
Elon Musk says it makes sense to integrate crypto payments into Twitter
“My goal would be to maximize the usefulness of the service. It makes sense to integrate payments so that it’s easy to send money back & forth, currency as well as crypto”
https://t.co/ePZklJb2uH
In these times, you see the sh*tcoins get flushed out and the real solid protocols come back stronger during a bull market
https://t.co/uqEKpp57st
#Cryptocrash#Crypto#DeFi
Have we seen all that's been liquidated? Most likely not.
Is there a chance of additional contagion? Probably.
Is it a painful experience? Very.
Do we anticipate bailouts financed by taxpayers? Never!
#Cryptocrash#Bitcoin#Celsius
#Crypto Group Coaching is for the investor that desires personal attention and guidance. Coaching can be the difference between losing it all vs keeping it all, especially during these times...
https://t.co/RWFfaEiF23
Today is the day the #Fed decides whether or not to raise interest rates. The majority of participants now believe a 75-basis-point increase is likely. Given this is expected, hopefully it's been "priced in." The market, on the other hand, will be watching regarding future raises
This isn't the end of #crypto, we've been here before....However if you are invested in the wrong projects, your investments could by all means go to zero in this bear market. It's time to stop following hype and invest in fundamentals, only the real protocols will survive...
Tomorrow is the Fed's rate decision...
Markets have already adjusted bets and expect a 75bps hike. Hopefully it's already "priced in" such that if it is 75bps, it doesn't shock the markets 🙏
What a way to start the week. It appears that the #Celsius bank run has left them cash-strapped. Is this a sign that they'll be selling more of their assets in the coming days?
In 2017, $ETH reached $420 before plummeting 70% to $130. Everyone claimed it was over, it was going to zero, and then it shot up to $1420.
In 2021, ETH reached $4900 before dropping 70% to $1500. Everyone claimed it was over, that it was headed to zero, and then it... Let's see