Liquidate The Bastards

Inflation has been running rampant over the last few months and governments around the world are having to deal with a more unruly populus. When your ablity to travel, heat or cool yourself, and feed yourself is impared, you start to get a lot of angry people.

Since the covid relief stimullus and break down of supply chains have hit each other head on, there is too much liquidity and demand and supply chains cannot cope.

Governments can't do much to improve supply chains but they can sure as hell suck liquidty out of the system. The fed raised 75 basis points recently and are due to do another 75 points, maybe even 1% as the 75 rate hike was leaked yesterday which markets have now priced in.

Bleeding assets of liquidity you're seeing massive sell offs as traders go risk off, as equity future cash flows get discounted by these new rates and as people seek to get a the "risk free" rate on bonds.

Crypto bros getting marco masscred

Now the average crypto bro doesn't see this, he looks at the market through the eye of a needle, via the shitcoins he or she owns. They look at charts, RSI indicators fall sending false positives and bias does the rest.

When you're full tilt risk on, taking leveraged trades, using flash loans to buy more shitcoins, when you're yield farming, when you buying illiquid NFTs its all good when theres liquidity because theres another sucker thinking they can buy your trade and profit from it.

So shit is always chaning hands, when theres no liqudity and appritei for risk, those in the positions either choose to sell off or are forced to sell off to cover positions and with no buyers at certain prices, assets get repriced very quickly.

Bitcoin may be down 65% from the ATH and I can easily see it going down 80% to around 15k given we have more tightening ahead of us and it trades as a risk asset.

Luckly for me, the thesis hasn't changed, fiat still programmed to devalue and bitcoin is still programmed to harden. The fact that I am getting it at a discount is a blessing, I never thought i'd get to stack at these prices again and I am not letting it go to waste.

Do you sell your fire insurance because it gets cheaper but the house is still on fire? No you buy more protection, and that's what I am doing.

Paper wealth from paper hands

On the other end of the isle cryptos are all but murdered, 90 - 99% down from their all time highs and its amazing to watch people learn their lesson in real time. It's all been fun and games but now its time to get back to reality, the wealth you thought you had wasn't real and now you realise it.

I am grateful for shitcoiners and their levereged contagin, if it didn't exist bitcoin wouldn't be such a steal today. I say liquidate the shitcoiners, kill the bad business models, drive out the failed projects and let nature have its way.

If this is your first cycle, you're probably hurting, but let papa be there for you, if you want to learn I have curated some great resources for you. There is still time to let go of your shitcoin ways and find redemption, all you have to do is want it

Have your say

What do you good people of HIVE think?

So have at it my Jessies! If you don't have something to comment, "I am a Jessie."

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