Huge btc short position in market right now, I expect a lot of liquidity issues to come to light soon. Bitcoin should end up below 30k and stay there as new resistance soon. You all doubt my previous posts but all these bumps to 37-39k are fake bounces from retail buying the dip. Defi is gonna unravel. Do you honestly believe the 10-40% defi interest rates were risk free. It’s all paid by stablecoin printing backed by the assumption that crypto prices would keep appreciating

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I wouldn’t be surprised to see more downside. BTC IMO should be treated as digital gold. Derailing IMF Fed is not a great narrative and I’m sure some of the firms here do work for them so probably better to have those clients than not :)

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I’m shorting BCG after this post

likefunny

BCG, seriously, stop embarrassing yourself

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Cryptos aren’t stocks. Don’t analyze them like stocks. Look at the fundamentals. BTC just now became legal tender in El Salvador, a historic moment. You aren’t realizing how massively important that is.

likesmart

So Bitcoin is a currency again?

Stop embarrassing us, brother. BTC is here to stay.

likefunny

Good thing I started investing in crypto 6 months ago !!!!

likeupliftingfunny

Cool. You’ll either be right or you’ll be wrong.

likefunny

This is the definition of FUD BCG are you giving this advice to clients? Literally sovereign nations adopting BTC as their legal tender and you’re what…saying Jim Cramer is right about tether?

likefunny

Lol the sovereign wealth nations adopting are el Salvador and pricing it as usd exchange. It’s another hype money grab hoping to get some of the new wealth spend in their country. No legit sovereign nation would let Bitcoin override their control over currency. Digital yuan and fed dollar is the dream of a nation to have complete transparency, visibility and control over spend. There’s a reason why China is slowing pushing out crypto miners and banning national banks from exchanging with fiat as the digital yuan is being pushed. They are warning their citizens to get out and let others hold the bag. Everyone says FUD but be realistic about the ruling class. They would never allow decentralized currency to get to a point where it’s a threat. Right now they are happy to let people play but that won’t be the case for long.

This aged quite nicely

funnylike

I don’t like old stinky cheeses so let’s say it aged like a nice real investment

Yo BCG, I don't think you understand this concept... 🤣 the funny thing is the post reeks of so much boldness too... 😆

likesmart

BCG in the mud. BCG in the mud

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Lol

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Does your platform have margin calls?

funny

OP - I was rold to short...whats going on?

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Most of this is true except crypto prices WILL continue to appreciate. Bull run will be business as usual in a couple of months after maximum fear has been reached

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Due to BIS announcement?

I agree

So what does this mean for our stablecoin earning interest in blockfi

hold on!

Ok BCG, when will this fall happen then.

They don't have a clue.

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So…. What do you recommend we do then?

https://mobile.twitter.com/Bitfinexed Protect your downside and keep informed on the counter party’s argument. Don’t accept all hopium for face value. Right now there are a lot of speculative traders and newbies jumping in. Banks are interested cause it’s a another way make money on fees and market making and trading but no one has gone all in long on btc besides microstrategy a stagnant micro software company run a 2008 financial crisis fraudster pumping Bitcoin to keep relevant and to pump his massive holdings

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