RUN CRYPTO RUN
It does not matter how the drama will ends but it helps crypto in the short term scheme of things. Even though the failure of these banks were caused by the same system they used, they were helping crypto to connect with the financial banking system. Banks allowing crypto business make money. While the movie is running, most crypto managed to grab double digit positively this Monday morning. I think it will be short lived. So much information to digest this week alone will state the obvious.
Far down the line we all can be sure the #FED will slow down the interest rate to tame inflation. Hopefully other banks do not hold much of the safest bonds that turn upside down in interest. When you start pushing the same button over and over, something will open. Liquidity is the camel in the room. When it is thirsty you got to serve it water, a lot of it. Way before the collapse of #SVB, CEO, CFO, etc.. did sell a good portion of their stocks. So they are safe for now. I do not know the name of what they did. Somehow they knew situation is not that great when you do not have enough to cover and you have to sell at a lost for liquidity gains.
While taxpayers will not cover investors but account holders have been bailed.
Before crypto many of us did not pay close attention to this drama. Banks fail all the time. This time in the horizon of crypto, you need to see the banking system with a second eye. I know they exist to make money, facilitate money movement and keep an eye for big brother. Deep inside all three banks were involved with crypto companies. These doors are closed for good for Coinbase, #Paxos and others. They have to look elsewhere for business in order to remain afloat.
So far for March #BTC has gained really quick 5%. So we have month 3 in a positive note considerably. You heard regulations coming back stronger. The real problem was never crypto that need regulations. It is how they run the bank and laws put in place for it. Now let's see where regulations will go by now.
I know this bottle in itself has a lot of ramifications about what we need to keep a bank run from happening when social media can flip everything before 10 AM. While banks needs to make money, it is safe for them to have proper structure on how they invest people funds.
This is why #crypto looks fantastic in time of distress. Even Hive manages to stay within the line with #BTC around 10%. it shows eyes are opening and with no need to advertise crypto is the fail safe when truly understood, may provide a diversification worth mentioning.
Many made comments today. The only comment that weights in the balance was the one by potus. It will take time to mitigate the stress. While many of us are learning by experience it is safer to put it to the test.
We all use banks. At least we know there is a limit in every aspect of the financial market.
Take it or leave it crypto is the next frontier where you decide to stay or run.
It comes to learning ability to adapt and make considerable move at due time.
Many forget crypto is really young.
At the same token, you decide what direction to take.
I am waiting for Hive to give me another run.
It has to with #HBD in mind. HBD is all about patience.
By the way we are so intertwined with banks drama, tomorrow will be the third #LPUD.
Hope you plan to make a splash three times bigger than before.
Keep on vesting.
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Lowering interest rates is the best initiative to control inflation. Otherwise, with the memory of Muza, instability will prevail in all areas. However, the current state of the crypto market gives some hope.
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I'm not surprised to see a lot of this happen. Many of us have known there are bad players in traditional finance for quite some time even though the powers that be seem to put their heads in the sand. Either that or they are directly involved in it. I moved my funds over to a local credit union a while ago and I am really happy with that decision.
You still on that backscratcher trail?
Thank you for holding virtualgrowth token. You have been included in today's post.
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