You sure that is smart right before the CPI? Every one of these prints have been heavy-hitters.
Is the crypto winter over?
- Thread starter schizo
- Start date
You sure that is smart right before the CPI? Every one of these prints have been heavy-hitters.
Really. How about the SS disability system you pay into all your life when you work. If you never get disabled from work by the time you retire, you don't get that money back. It is an insurance mechanism to help the people that DO get disabled. Just like car insurance. You pay thousands of dollars per year into it, and if you never get into an accident in your life, you will never see that money ever again.
So it is the same with this FDIC deal. It is insurance. There is no money-printer going on here.
Your wages are robbed when you want to CLAIM the insurance you have been paying into, and they deny your claim for some dumfuk reason. THAT is the problem.
I'm thinking the CPI number to come in much higher than expected. Hence I'm betting the equity market will tank tomorrow. Now will BTC follow suit? Will just have to find out.
May fortune favor the foolish. (Not a dig on you, Schizy, just the crazy random nature of the market-world we live in these days.)
Funnymentals
I saw a Twitter post that POTUS made a comment a couple of days ago that inflation is under control or something to that effect... The White House gets the CPI report a few days earlier
"Officially over."
You guys have fairly low standards for bull/bear shifts."Officially over."
I don't follow... what do you think should be the price level that bitcoin needs to get above for bear market to be over?