I have seen on many podcasts now that Tether and other stablecoins holding US Treasuries is getting to be quite significant. At a time when foreign central banks aren't buying US debt anymore, someone has to. Yellen opened up swap lines with Japan so that they didn't start selling their USTs. So the way I see it now, if Tether goes down, of if redemptions are so strong that they start have to sell their Treasuries, Yellen won't be very happy and this will likely cause a massive spike in the rates and cause the price of bonds to heavily dump even more.
Bitcoin Price Thread
- Thread starter Magna
- Start date
I thought you were long BITO and were going to add on the way downI would'nt even look at a long (BITO) unless it actually completes a double correction.
No, I moved everything over to GameStop. Made 16k last week.
Highly convincing.No, I moved everything over to GameStop. Made 16k last week.
Highly convincing.
I go where the money is
I closed pre-market @ 43.40...we'll see how much I left on the table as this could go to the .618 fib ($47.21) but I'm not waiting around to see.
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How much did you lose on the BITO trade?No, I moved everything over to GameStop. Made 16k last week.
I don't even remember having BITO recently. I have been trading MARA, RIOT, CLSK, BITX.
He never loses because he doesn't use stops, remember?
Never! I'm almost always down before I'm up...
I legged in a little early because I didn't want to risk missing the rally. Today I was down 3k mid day so I added... and was up 2k at close lol.
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That's the problem with your credibily, you can't remember all the stuff you claim to be involved in.
Hard to take you "here's what I have done, might do, or could do" guys seriously.
That's the problem with your credibily, you can't remember all the stuff you claim to be involved in.
Hard to take you "here's what I have done, might do, or could do" guys seriously.