When you read the comments you just see that everyone here is actually the same. People just want to do something for their family. This number will only grow because crypto is people’s way out
Let me pitch you guys the best upcoming trade of this century related to the BlackRock Bitcoin ETF:
This is not just a strategy; it's a gold rush in the digital era exploiting tradfi to earn yourself to (close to) free BTC.
A brokerage account is required.
I know most people in crypto don't have brokerage accounts, but you will need one for this strategy.
Recommended brokerage: Interactive Brokers.
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Step 1: Purchase the BlackRock Bitcoin ETF. This will become collateral.
When holding this ETF on your balance sheet as collateral, it enables you to borrow against other assets.
Step 2: Borrow in the most depreciating currencies using the BlackRock Bitcoin ETF as collateral.
You may choose between the Japanese Yen (JPY) with negative interest rates for a safer approach
OR
High interest-inflating currencies such as the Turkish Lira (TRY)/Argentine Pesos (ARS) for a riskier move with higher returns, using the Bitcoin ETF as collateral.
Step 3: Swap your currency of choice into USD.
Step 4: Use the USD to buy even more BlackRock Bitcoin ETF.
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Explanation of what we are doing:
The JPY carry trade is already commonly done which involves borrowing JPY and using it to purchase US Treasuries. This is taking it to the next level (with some risk).
We can call this: the Bitcoin Carry Trade.
As currencies such as JPY/TRY/ARS inflate, the borrowed debt will gradually become worthless.
Inflating currencies follow a one-way road to hyperinflation. They never deflate. We are using this to our advantage.
As the price of Bitcoin rises and/or the currencies depreciate, your access to margin increases. You can repeat this process to buy even more Bitcoin.
If you look at the charts of BTC/ARS, BTC/TRY, they are at ATHs despite the price of Bitcoin being down 60% versus USD.
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Risks:
If the borrowed currency appreciates against USD, it could offset gains made by the Bitcoin ETF.
A decline in the value of Bitcoin would reduce returns.
This involves the use of leverage as we are borrowing with collateral, there is a chance you could get margin called.
Considering everything, it is a trade worth taking in my opinion. The odds are with us.
First shoe to drop. Fitch rating services down grades US credit rating from AAA to AA+. Brace for crash landing. Sorry for the bad news yet I have been warning for over a year the Fed, Treasury, big corp CEOs have smoking fantasy weed. Take care.
In 2017 Larry fink “ bitcoin is an index of money laundering “
Now “ bitcoin is digitized gold,
It is international asset”
#Bitcoin#BlackRock#LarryFink
📢 $LMDA Project Update - June 2023
👋 Hey everyone! It's time for a long-overdue update on our progress. Apologies for the delay, but we've been heads down, working tirelessly on our biggest release yet.
🔍 Our upcoming release covers all elements of the application, let's dive in and explore the exciting features and improvements we've been working on.
🚀 Macro Data Engine: Completed! This powerful engine ensures you never miss any price-impacting news. Our data infrastructure, AI-powered item gravity input, and seamless API integration keep you informed and ahead of the game.
📊 Macro Dashboard: Almost there! This sleek and mobile-adaptable interface provides a comprehensive overview of crucial news items and metrics. Get the big picture at a glance and make informed decisions effortlessly.
⚙️ Indicator Engine: We've built a robust backend engine, making everything 20x faster! Real-time alerts, screener dashboard, and custom signal calculations are now possible. Get lightning-fast insights and stay ahead of the market.
💪 Trade Data 2.0: We've completely overhauled our infrastructure, acquiring trade data for ALL pairs on supported exchanges. Say goodbye to limitations and embrace comprehensive data coverage. Take control of your trading strategies.
📈 Charting 3.0: We've integrated the best charting solutions, partnering with TradingView. Now, visualize essential metrics like Open Interest, CVD, and liquidations with ease. Unleash the power of alpha metrics like never before.
So what's left to do before we can release??
- Charting library fully integrated within application
- Front-end websocket stress test for real-time data to be integrated with charting library.
- Charting library integrated with available backend signals.
- Caching layer operational for requested backend signals
- Finishing touches on custom charts for macro dashboard (all the news aspects have been done)
✨ Our team has poured their heart and soul into perfecting the user experience. We've crafted a unique, customizable, and seamless trading platform, putting your success at the forefront.
🎉 We're getting closer to the release! Although progress has been slower than anticipated, we're determined to deliver a game-changing experience. Your patience and support have been remarkable.
As always, if you have any questions or want to learn more about our platform, join the discord!
https://t.co/litfmbB68D
#Solana seems to think so 🔥
- Keeping an eye on the flow of money (not looking strong here)
- Any sell signals on the higher timeframes.
Enjoy your Sundays!
4. Binance have not sold BTC or BNB. We even still have a bag of FTT.
It is amazing they can know exactly who sold based on just a price chart involving millions of traders. FUD. 🤷♂️
Best advice for traders...
Every trade you make.
Step 1 is ALWAYS Consider what the worst case scenario for this trade would be... Then ask yourself. Will I be ok if the worst case scenario happens?
If yes, Execute the trade...
If no? Do not execute the trade.