[TF] Crypto Trading

2023-01-07 16:17:30 GRAYSCALE NEXT

"He who owns the information owns the world" Nathan Rothschild.

The situation is heating up. First of all, the US government is launching an investigation against Digital Currency, which controls Grayscale and Genesis.

Investors haven't been able to receive funds for a long time, although the company assures that everything is fine.

As a reminder, Grayscale has a GBTC bitcoin trust fund with 655,000 bitcoins onboard.
For a long time they could not confirm these assets, but then Coinbase published a report. I think, not everything is going smoothly, perhaps a chunk has already been sold. Grayscale assets fell down to 65% in a year

Companies are experiencing problems, since they buy these assets with investors' money, and not with their own. So now they are in danger of being liquidated.

What risks does this pose to the crypto world?

• If it turns out that they do not have these assets and they sold them a long time ago, then there will be more FUD than FTX;
• If they are forced to sell assets, this will be reflected in the market. A fall of 7-15% is the minimum we can get off with;
• If everything turns out to be true, there will be even less faith in crypto from large companies, and those are the most important players in the market;
• Coins from the list will suffer the most;
• During a proceeding, more news related to other companies may emerge.

All this will negatively affect the market overall. It's amazing how big guys believed in the fuss about crypto like some noobies

Even experienced people with good RM went bankrupt...Imagine people who are a far cry from experts. inexperience leads to devastating consequences.

Observe the market thoroughly, stick to a RM and don't trust the rookies

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2023-01-07 12:13:52 #BTCUSDT 2h

Greetings friends!
How wrong was I when I said that you should not wait for the WOW effect from SNP...

The US market showed record values yesterday and traded at +2.5% at the peak. The session closed at 3895.

Bitcoin did not stand aside and touched 16980. Being above 16777 paid off and it was possible to work out a small long position. We are now holding above 16930.

I said that I was waiting for an impulsive movement up and then a correction, now it looks like they have withdrawn liquidity and it should roll back. We've closed the daily candle above 16777, but at the same time we remain inside the 16500 / 16900 range.

There is a lot of FUD in the market, so the global short thing is still relevant. As I said, I won't be surprised with growth, but it'll be exclusively a local one.

The domination allowed the altcoins to grow well, especially ETH. Over the weekend, I'm waiting for cash to be going back into BTC.

We'll also talk about GrayScale and Genesis


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2023-01-07 11:11:40 Open / Comment