Inflation has been running rampant over the last few months and governments around the world are having to deal with a more unruly populus. When your ablity to travel, heat or cool yourself, and feed yourself is impared, you start to get a lot of angry people.
Since the covid relief stimullus and break down of supply chains have hit each other head on, there is too much liquidity and demand and supply chains cannot cope.
Governments can't do much to improve supply chains but they can sure as hell suck liquidty out of the system. The fed raised 75 basis points recently and are due to do another 75 points, maybe even 1% as the 75 rate hike was leaked yesterday which markets have now priced in.
Bleeding assets of liquidity you're seeing massive sell offs as traders go risk off, as equity future cash flows get discounted by these new rates and as people seek to get a the "risk free" rate on bonds.
Crypto bros getting marco masscred
Now the average crypto bro doesn't see this, he looks at the market through the eye of a needle, via the shitcoins he or she owns. They look at charts, RSI indicators fall sending false positives and bias does the rest.
When you're full tilt risk on, taking leveraged trades, using flash loans to buy more shitcoins, when you're yield farming, when you buying illiquid NFTs its all good when theres liquidity because theres another sucker thinking they can buy your trade and profit from it.
So shit is always chaning hands, when theres no liqudity and appritei for risk, those in the positions either choose to sell off or are forced to sell off to cover positions and with no buyers at certain prices, assets get repriced very quickly.
Bitcoin may be down 65% from the ATH and I can easily see it going down 80% to around 15k given we have more tightening ahead of us and it trades as a risk asset.
Luckly for me, the thesis hasn't changed, fiat still programmed to devalue and bitcoin is still programmed to harden. The fact that I am getting it at a discount is a blessing, I never thought i'd get to stack at these prices again and I am not letting it go to waste.
Do you sell your fire insurance because it gets cheaper but the house is still on fire? No you buy more protection, and that's what I am doing.
Paper wealth from paper hands
On the other end of the isle cryptos are all but murdered, 90 - 99% down from their all time highs and its amazing to watch people learn their lesson in real time. It's all been fun and games but now its time to get back to reality, the wealth you thought you had wasn't real and now you realise it.
I am grateful for shitcoiners and their levereged contagin, if it didn't exist bitcoin wouldn't be such a steal today. I say liquidate the shitcoiners, kill the bad business models, drive out the failed projects and let nature have its way.
If this is your first cycle, you're probably hurting, but let papa be there for you, if you want to learn I have curated some great resources for you. There is still time to let go of your shitcoin ways and find redemption, all you have to do is want it
Have your say
What do you good people of HIVE think?
So have at it my Jessies! If you don't have something to comment, "I am a Jessie."
Let's connect
If you liked this post, sprinkle it with an upvote or esteem and if you don't already, consider following me @chekohler and subscribe to my fanbase
| Earn Free bitcoin & shop | Earn Free Bitcoin & shop | Claim Free Bitcoin & Shop |
|---|---|---|
 |  |  |
Yeah it’s funny to see people getting hyped on the shitcoins that rise a bit because someone bought some bags and another sold their bags for the fool that bought in.
I’m hoping for a dip to 15k that’s for sure! Buy me more bitcoin plx!
Posted Using LeoFinance Beta
Lol bulls make money, bears make money and pigs get slaughtered, I sure do have zero sympathy for these people, go ahead get rekt, long term that value is turned around to bid up the asset I own,
DO NOT FOLLOW any instruction and DO NOT CLICK on any link in the comment!
🚨🚨🚨Airdrop Alert 🚨🚨🚨
UHIVE Metaverse Adoption Airdrop
GET 100 HIVE and 30000 HVE2 Token Airdrop
On 20th June Uhive Started Their Official partnership with Hive and Steemit community.
For mass adoption towards metaverse they announced their Community Airdrop.
All the members from Hive and Sheemit are Eligible for this airdrop.
Airdrop breakdown
This airdrop whitelist will be closed in 72hrs
CLICK HERE TO JOIN AIRDROP WHITELIST NOW
@ekushya Your comment contains a link that is on my blacklists ❗ ❗ ❗ 1 2 3
@chekohler do NOT click on the link above in their comment.
Reason: PHISHING
Link: "fisranilove.lol*" => DO NOT CLICK ❗
More info: https://hive.blog/hive/@keys-defender/new-feature-phishing-detection-and-auto-reply
Comment 10% downvoted to make it less visible.
This message is self-voted to be more visible among others.
@ekushya Your comment contains a link that is on my blacklists ❗ ❗ ❗ 1 2 3
@chekohler do NOT click on the link above in their comment.
Reason: PHISHING
Link: "fisranilove.lol*" => DO NOT CLICK ❗
More info: https://hive.blog/hive/@keys-defender/new-feature-phishing-detection-and-auto-reply
Comment 10% downvoted to make it less visible.
This message is self-voted to be more visible among others.
Why don't you go off and wank your mum, cunt!
@hivewatchers
@ekushya Your comment contains a link that is on my blacklists ❗ ❗ ❗ 1 2 3
@chekohler do NOT click on the link above in their comment.
Reason: PHISHING
Link: "fisranilove.lol*" => DO NOT CLICK ❗
More info: https://hive.blog/hive/@keys-defender/new-feature-phishing-detection-and-auto-reply
Comment 10% downvoted to make it less visible.
This message is self-voted to be more visible among others.