iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
22,162 Blog Posts

CLOWN FUNERAL UNDERWAY: BITCOIN RENEWS COLLAPSE

Bitcoin is on the verge of splashing through $21,000 and even lower. The fuck heads over at Celsius just put up some more collateral with a liquidation price of $17kish for BTC. You know damned well it’s going there.

MSTR’s Michael Saylor has been borrowing to the hilt in order to buy SHITCOIN and is now under threat of margin calls.

The entire nation of El Salvador bet big on BTC and lost.

This is a financial catastrophe and the global dollar hegemony could not be more pleased. They lured all of the morons into one place and trapped them via greed and promises of independence and freedom. You were never free. They were always in control. The end is near.

I know what you’re thinking — classic moron mentality: “well since everyone is so bearish, we must now go up.” Good luck finding that bottom pal, as all of the lemmings who jumped in last acquiesce to market forces and all of the Chinese farmers who levered up in the hopes of getting rich get blown the fuck out amidst all of the colorful trappings and pomp that one would presume to see, and befitting of any clown funeral.

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9 comments

  1. the_wolf

    Going to zero

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  2. roguewave

    I don’t know where the BTC bottom is. I do know Bitcoin has died 452 times.

    Like TradeFi, Bitcoin maxies have been too arrogant. Now getting their teeth kicked in.
    https://99bitcoins.com/bitcoin-obituaries/

    Lookout the next time it comes back from the dead.

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    • roguewave

      Fr Armstrong – smart guy. Gets a lot right:
      The problems with cryptocurrencies: (1) they depend entirely upon the government; with the stroke of a pen, they can all be seized; Some can; not all
      (2) they depend upon a power grid; STFU already How does Amazon, Tesla, Intel, Walmart. Morgan Stanley, Exon, farmers… work without power?
      (3) they also become dependent upon others accepting them. True
      4) crypto trading platforms can prevent people from trading Centralized: True Decentralized False
      Doomberg: – smart guy. Gets a lot right
      Jimmy Bowtie – smart guy. Gets a lot right
      None of them understand crypto. Period

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  3. metalleg

    One reason why cryptos are getting smashed is because the USD is still relevant. What happened in countries that experienced very high inflation or hyperinflation? People ran to Bitcoin.

    Bitcoin has been left for dead numerous times. Yes, this is different and I think BTC is shit, but some cryptos will survive and thrive.

    Privacy coins are where it’s at. Swiss bank accounts on a hidden blockchain.

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  4. indie

    There was a limited amount of tulip bulbs…

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  5. traderconfessions
    traderconfessions

    That old fucker Buffett nailed it once again. Think I saw a bitcoin vanity license plate at the dump.

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