@NickTimiraos Maybe don't put incompetent management in charge of banks so that they would not even be in a low liquidity position? not to say that the paper isn't right, but address the core issues first and there would be no rumors and bailouts.
@therationalroot@100trillionUSD βBut likely to take 1+ yearβ - this is exactly the disbelief that is in question, donβt be part of the heard, lead the pack, to win big you have to risk big, or at least some.
#BTC#Crypto This is monthly so, in my eyes, it holds way more validity than these 4-hour charts I keep seeing. Now keep in mind also I am looking for the capitulation zone, not local bottoms. Most should be looking for the long term at these levels:
@WhaleChart @1ShinigamiRyuk "Liquidation occurs when an investor closes their position in an asset. You sell off or transfer the money out of one fund. The margin call requires you to add new funds to your margin account." Margin at 13k, Liquidation at 3,5k, KNOW THE DIFFERENCE
This indicator is at a level NEVER seen in almost two decades.
Ditch your emotions, follow the smart money.
They're positioned long as though a massive rally is in the works.
@CryptoHayes He publicly stated to the world that their books are in shambles, after that statement, no company would even touch FTX with ten foot pole
@s_alderoty@GaryGensler 5. nies that operate in offshore territories who are able to sway the public into thinking they are greatly compliant meanwhile risking hard earned assets of average investors.
@s_alderoty@GaryGensler 4. So I would say it is for the overall good that Gensler is not succumbing to any outside pressure, fighting his battles with unregulated companies, we donβt want to see action that will result in slower progress in crypto. But fight where it means, with likes of FTX and compa
@s_alderoty@GaryGensler 3. Does not call for rash and unthought decision making. We are yet to see the outcome of the lawsuit with xrp that depends on the past precedent of Howy test. Major moves by SEC signal to the entire world of crypto users, sending shock waves that have impact above anything else
@s_alderoty@GaryGensler 2. Not imposing rules that are detrimental to the development cryptocurrency. As it is still in early maturity (think of financial markets and how much it evolved) - it takes time for implementations to be made which need to be done optimally. Lack of progress on this matter-