Explanation
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 2046. (Read 26630531 times)
May 03, 2023, 08:01:17 AM
May 03, 2023, 07:42:13 AM
Also thanks, OutOfMemory
May 03, 2023, 07:27:33 AM
May 03, 2023, 07:01:23 AM
May 03, 2023, 06:01:17 AM
May 03, 2023, 05:01:17 AM
May 03, 2023, 04:54:58 AM
Exactly....
let me guess... it wasn't you who created this meme...
https://twitter.com/Hodlcat21/status/1651669689611763712
Perfect! Lol
reported for plagiarism
https://twitter.com/elonmusk/status/1652709146389561344
It seems the only way to get rid of these spamming farmer accounts
May 03, 2023, 04:01:21 AM
May 03, 2023, 03:33:25 AM
I got it, but I am reconsidering even to have more than a current month expense in the bank.
You get 0% there and in a money market almost 5%.
I am sure that after I would post this, some money market would get off parity and money would flow backwards into the "safe" banks.
In fact, I penciled this scenario for sometime in the next 6-8 mo as banks cannot tolerate losing deposits to Treasury direct and money markets for too long.
You get 0% there and in a money market almost 5%.
I am sure that after I would post this, some money market would get off parity and money would flow backwards into the "safe" banks.
In fact, I penciled this scenario for sometime in the next 6-8 mo as banks cannot tolerate losing deposits to Treasury direct and money markets for too long.
In my country banks don't pay anything on deposits. I'm not sure why but it's like that. They will direct you to put money in various instruments, some are very common, government backed, but you can't put more than less than 1BTC at current prices. After that we're talking life insurance, bonds stocks etc.
But in the US banks pay something, and I was seeing that JPMorgan made tons of money lately, because they hiked the rates of mortgages like crazy, but increased the rates they pay on deposits to something ridiculous like 0.3%. If I was a customer I would be angry...
Banks have multi year/decade bonds purchased during the zero interest era. When interest rates go up, the price of existing bonds goes down. The banks holding these bonds can't offer you a higher interest rate than the bonds on their balance sheets.
Obviously people and businesses start taking their fiat out of the bank and put it into the current >5% yielding bonds themselves. This forces the banks to sell their bonds at a loss. People with money still in the bank then start to get worried and take their fiat out as well: a bank run leading to bankruptcy, which these days can happen within minutes/hours/days.
TL;DR Buy bitcoin and be your own, full reserve, bank.
May 03, 2023, 03:01:16 AM
May 03, 2023, 02:39:55 AM
My DCA buy, originally scheduled for monday, got delayed for tuesday, when it slipped into the little $28k dip. Nice.
May 03, 2023, 02:10:16 AM
Perfect! Lol
May 03, 2023, 02:01:17 AM
May 03, 2023, 01:40:56 AM
HODL!
May 03, 2023, 01:01:20 AM
May 03, 2023, 12:41:05 AM
Exactly....
May 03, 2023, 12:01:16 AM
May 02, 2023, 11:01:16 PM
May 02, 2023, 10:01:19 PM
May 02, 2023, 09:54:41 PM
might be some preparing for a gold backed currency
different to gold with Bitcoin they could actually prove their reserves to anyone at anytime...
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