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Hey E.T Fam! Happy Thursday to you all. I just wanted to check in and deliver a post mortem on what went down with the Fed yesterday. It seems that they have decided to take a hawkish approach when it comes to the interest rates. Jerome Powell announced that interest rates will be increased 75 basis points – although prior to the decision he promised us that a 75 BPS increase was off the table, but here we are. Aside from that, one of the biggest VC funds in crypto 3AC has imploded due to them failing to meet their lender’s margin calls.
Not to mention Celsius has become insolvent. We’re still waiting to see the end result of the negative windfall, but it’s looking like things could get a bit apocalyptic for a brief period. However, you all know that there is always light at the end of the tunnel. Join me as I give my thoughts on the market and what happens next. Talk to you all soon!
00:00 – Intro
01:27 – Is this good or bad?
01:41 – FOMC meeting aftermath
02:48 – 3AC downfall
03:42 – Anatomy of a disaster
06:49 – What it means
08:07 – Less credit equals less money in the system
08:59 – Rekt
10:32 – It isn’t always about the money
11:38 – You can’t outsmart the market
13:07 – Kill list
14:34 – Optimism resides in the bear market
15:08 – CZ goin turbo during the bear
16:27 – Outro
#nft #ethereum #defi #blockchain #crypto #cryptocurrency #bitcoin #btc #eth #news #protocols #sidechain #altcoin #nftmarketplace #opensea #cryptoart #protocol #altcoins #nonfungibletoken #dao #sidechain #layer2 #erc20 #erc-20 #token #coin
DISCLAIMER: This is not financial advice! This is an entertainment and opinion-based show. I am not a financial adviser. Please only invest what you can afford to lose, and we encourage you to do your own research before investing. DYOR
49 Comments
thats all i need to hear
tron is only a luna 3.0
For those it may concern,
It's best you take part in investing in crypto (bitcoin) now it's low and earn massively when it pumps. The rich won't disclose it so don't be fooled, it's right time to invest.
Loved the market update and your opinions about it. Thank you for that and thx for talking normally for a change 🙂
How are Brad Garlinghouse and Chris Larsen killed off? The CEO and Chair of Ripple?
What crypto coins are prepared for the bear?
SO … Who are the big survivors?
Until the Fed is abolished, and Trump is back, get use to it
Do all you guys have all your crypto in cold storage? I’m moving everything to a cold wallet
Michael Saylor for POTUS
Sorry if celcius does not return people crypto assets back then the whole crypto verse will be called a fraudulent market like Wall Street,
Just run by criminal cartel.
Still holding superfarm since 1.4…;))
How's your bags of DEC and PRQ ellio? After you shilled them for the tech. Are you still holding? Your earlier vids are aging like milk.
I sold into dai at the top of the bullrun. I hooe dai doesn't collapse.
Hello…Superfarm seems to be dead….it was a scam or it has some future?…thanks…
The drawdown chart is fairly disingenuous in my opinion. Of course drawdowns are going to be larger in terms of dollar value as the value of the market expands. It should really be drawndown as a percentage of the total value of the market
What's going to happen?
The Great Reset.
"Invest in the lows", great idea! Are we there yet 🙄
Are you like our dad reading us to sleep?
You simply can NOT give the FED a pass!!!
The entire world of the central planners enables the criminality.
Governments and elites can’t allow the lower class to gain some wealth. Makes me sick 🤮
Su zhu super cycle talk was peak bull euphoria
illusion : this guys know everything and he is a good investor
Reality : He is not economist (talking about economics) and shilling coins (superfarm and NFTs) in bull market to milk his community..
Stay safe and follow your own strategy and risk management
Once again Jerome has no clear plan. Will come back and look at it he goes. No clear path. He should have just blasted the basis at 200 points and really stood strong and in control against inflation. Once again he’s not in control and leaves the markets speculation and unclear on his moves. Nice job Jerome once again I’m so boggled why he still has a job and Janet yelling
Withdrawal == “destruction”
BLACKSHEEP IS BULLISH DON'T MISS OUT!!! #BLACKSHEEP 🤑💰🐏🖤
Legend of crypto
Blacksheep is mooning guys! Check this out! 🔥🖤
Sell until u can 15.8.2022. BTC going to 3k
the fact is there should have never been this much wealth circulating in the first place. The fed banking ponzi has been indiscriminately printing a unbacked dollar for 40 plus years at the expense of the middle class. Americas scam dept driven dollar is failing because of poor monetary management from both party's over the past forty plus years. Greed will be Americas undoing.
Hitler had the SAME PROBLEM.
Solana is king
Excellent video bro..thanks for your time
This bull cycle was fueled by Papa Powell and people bored at home flipping crypto 😅 short lived for sure
The developments necessary for the crisis to pass will take place soon. Hard FED intervention and China's Covid easing will reduce inflation. Then monetary expansion again. If we don't get it now, when will we get it? I've already started researching Flow's NFT ecosystem.
Beer fridge is always empty, makes me trust you less
I started in Oct 2021 and always wished I would have started crypto investing early. Now that prices are back to 2018 levels, I can live that moment! Thank you, central bank manipulation. I am DCA’ing like crazy as prices fall.
Smart guy
Fed tightening was known since November 2021 so why were you shilling tokens at that time and not sounding the alarm
I love rolling around in the mud of a crypto 9.8 earthquake. Gimmie them cheap hot alts. See you at 16k btc
No wealth has been destroyed. It's a poker game, the money that goes on the table is the money that comes off. Just because some big boys took their winnings off the table, doesn't mean anything vanished. Stop whining.
The collapse of Luna and now potentially Celcius and 3AC is sort of analogous to the great financial crisis in 2008 but in the realms of crypto
Imagine the poor basdards who bought this guys NFTs. Ouchhhhh lol
That's why I continue to buy Bitcoin with USDT while it is still cheap
Wrong.
The greatest Destruction of wealth in modern history. Was the 2007 housing market crash followed by the 2009 stock market crash.
Also the 2001–2 nasdaq.com bubble crash was pretty devastating as well.
But continue with your click bait titles BA. These millennials don’t know nothing about history……. You can tell them any old rubbish and they will believe you
You need to adjust your scary looking chart for inflation and then you would get a true picture of wealth destruction
This is just what us plebs needed
John McAfee…..actually killed off…
And soon Tether will combust(and take BTC price down some). Woweee.