2022-06-17 16:29:25
Here are a couple great threads explaining exactly what is happening to crypto & why we have further down to go across the entire market alongside worsening macro conditions. This has been Part of the data I have been seeing.
Basically a bunch of bankster degenerates came to crypto and made a bunch of over leveraged degenerate banking products saying it was innovative when there was a reason many of them methods they employed had been made illegal over the past 100 years in traditional financial markets.
Most of us still have no idea just how intertwined & over leveraged many of these VC bankster / yield DEFI piles of vaporware still are. Throw in a possible Tether implosion all triggered by broader macro recession and things could get very brutal.
This is why long term holding truly decentralized, hard capped assets like DGB, BTC, LTC is only way to be sure. Make sure to hold your private keys, I believe we will see some big exchanges go down before this is over. Most have been operating fractional reserve systems since inception. The point of blockchain, crypto, DGB & BTC is to get all the centralized third parties & middlemen out of the way, not to further embolden them.
https://twitter.com/hodlKRYPTONITE/status/1537602932052758528?s=20&t=lVGPJ6NS5fuuJ26mVlqKUg
https://twitter.com/TheRealPlanC/status/1537483503624806400?s=20&t=w1tmp3mCPim7XrUrI0MvTA
712 viewsJared Tate, 13:29