OVZA
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WTF is now wrong, all cryptos down?

Correct and.......
Trump already proposed selling US gold (to BRICS) for buying︀ BTC into their reserve.
And secondly which i already mentioned western countries import way more︁ from BRICS then they export.There is a surplus of arround 2 trillion USD per year.︂
Once BRICS implements the gold backed currency the west will have to pay the gap︃ via physical gold which means
to avoid losing all their gold within 2 years to︄ BRICS because of the export surplus of BRICS the west needs to
1.Decrease heavily import︅ from BRICS
2.Increase the value of gold massivly (high inflation)
3.Decrease demand (strong recession)

which is going to lead to a very high inflation on commodities food and energy and︆ a big economic recession which is a stagflation the worst of all scenarios making citizens︇ lose wealth quickly and a killer to RE prices.
 
First of all, I agree with you regarding the‍ continuous transfer of gold to brics in case of the real adoption a gold backed⁠ currency by them for payments by western countries. I don't remember it clearly, but one⁤ of the analysis stated that doing so it would cause a transfer of 2% of⁣ the western countries' gold reserves yearly to the bricks, which would be not sustainable and⁢ would cause the whole system to break in the end.

But don't you contradict your︀ own prediction (BTC dropping hard end of March), when you state that Trumps gonna sell︁ gold and buy BTC?

Wouldn't that cause the exact opposite in the short term?

Personally, I expect a drop of 30% in btc end of March as well (128K->89K),
but only as a short term low, before heading much higher till October (>174K).
 
brics wont use a︂ gold anything as no one trusts one another 😉 for good reason i may add.
They can only use a bitcoin based system as its holdings is easy to verify for︃ all, with gold its just trust me bro.
 
Has anyone actually audited how much physical gold the USA actually has?︀ Nobody seems to have checked.

There' 's also word the UK doesn't have as much︁ as it claims.
 
People also seem to forget ETH is now the‌ 'bond' side of your portfolio, sure it will rise (in time) but it's a yield‍ bearing asset with elastic supply based on demand.

So risk is no longer in ETH⁠ (sure can rise dramatically) as currency is debased by 8% PA and it tracks that⁤ with a 94% correlation but with much more x movement, but actually mad gains are⁣ in new entries (in real-tech) or in memes etc, it will never provide the same⁢ sort of growth potential, and shouldn't provide the same sort of downward potential either.
 
how can you prove to me you own x‌ amount of gold? I wont trust pictures, nor some "independent" big 4 company.
Basically youd‍ need to let me fumble it as I wish, similarity to like the old man⁠ did on camera many times 😉.
 
We are talking about the gold the country has though.⁤ Not the individual...

It's never been proven what they say they have, is actually there.⁣

Same for London, there's an increasing suggestion that the BoE doesn't have the gold it⁢ claims. Dalio says the UK is on a death spiral.

But there seems to be︀ some potential play that the US are going to provide their treasuries as some kind︁ of backstop for the UK. Never been done before, but Lutnik, who is pretty close︂ with Trump has a fairly big connection with London and a vested interest in avoiding︃ total collapse so probably not unthinkable...
 
come on dude, we are not at the beginning, when the literal president of america⁠ and his wife launch two sh*tcoins on his inauguration weekend and his sons are shilling⁤ other sh*tcoins left and right, while blackrock and wall street shills bitcoin to everyone and⁣ its ETF is larger than that of gold reaching the milestone at 20-30x the speed⁢

if anything, it makes me scared we are in late stages....

my question below to cryptofriendly relates to this. I also don't understand how the‌ narrative is and continues to be that cash is trash, when SPX/QQQ is at all‍ time highs , while liquidity becomes tighter and interest rate cuts are not guaranteed (if⁠ anything , they could even raise them again ?)
at the same time your prediction⁤ that bitcoin would fall to its 20ks suggests this is the end for Bitcoin (or⁣ at the very least the end of the 4 year long cycles and number always⁢ go up
i also don't understand why they couldn't manipulate bitcoin prices the same way︀ they manipulate gold and silver
i also don't understand why wouldn't bitcoin dump if spx︁ dumps, which it follows like a loyal dog....

a non-working chain that has︃ just been successfully stress tested with the largest crypto onboarding event in history, launch of︄ trump coin -- and performed magnificently considering how much overload there was on the network,︅ and survived subsequent gigadumps (melania and bloody sunday) with record volumes and defi transactions without︆ problems or protocol failures...
do you really believe anything︈ Trump says? I am tired of everyone thinking he is some genius 4D chess player.︉ He is simply the world's most successful con-man, and yes the Washington establishment he purges︊ is probably even more disgusting scum than him (reminds me of southpark: you always choose︋ between a giant douche and turd sandwich), BUT on top of that I feel like︌ he has made so many enemies now among the elites that some powerful (dark) groups︍ can sabotage what he does or even do something more sinister....
I asked this in another thread, but︂ will copy the same questions for you. Would be curious about your take.

What do︃ you think about Trump's / FED's / DoT actions over the past couple of weeks?︄
I cannot claim to be a macroeconomist enough to analyze, and those who profess to︅ be experts give diametrally opposite opinions anyway, hard to cut through the noise. analyzing official︆ data isn't helpful, since everyone is adamant about it being fake data....

but isn't there︇ some kind of liquidity contraction going on right now / some attempt to deleverage the︈ economy and have less US money supply?

Crypto markets (except for BTC) have entered a︉ bear market. BTC itself is in some weak bull, arguably weaker than the prior cycle︊ which was also pretty weak and BTC topped out earlier than the s2f model would︋ predict?

however, if SPX nosedives, which (on the surface, maybe i am missing something) is︌ almost something Trump wants to happen now (others claim his enemies from prior admin/FED want︍ it to happen) -- if SPX nosedives, BTC will nosedive with it?

tell it to all those⁣ who got liquidated when ETH dumped to 2100 last sunday. it lost nearly half its⁢ marketcap in just a few weeks and lost 40% in one single day...
ultrasound money︀ my arse...
 
My personal take? It's just another⁢ clown government trying to steal as much as they can from the people, while lying︀ to them about everything. They don't even try to hide anything anymore, they openly take︁ the piss out of the people (Trump 'saved by god', standing ovations to war criminals,︂ and absurd demands regarding Canada and Greenland), it's peak idiocracy in my opinion, so I︃ am not even trying to go through their data either, it feels like the last︄ stages - we can openly see the technocrats and billionaires taking over their government. For︅ crypto itself it might actually be positive - at least in this year - until︆ they find a new toy to promote and to get rich from.

Yeah, it is.︈
But I'd expect a new QE coming up, the question is just how much they︉ gonna let the market crash before it happens.

BTC is just doing what it is supposed︍ to do. Diminishing returns are a part of it's nature.
According to 'my crystal ball'︎ there are still 235 days left until the top of this cycle, just in theory️ of course (ignoring the stock market/liquidity/other noise). But of course, timing isn't all, and there‌ are other factors playing a bigger role. Still, none of the top indicators (which 'predicted'‍ the previous tops) are flashing red yet. Personally, I like to primary keep an eye⁠ on the PI indicator, and it looks like there is still a while to go.⁤ But regardless, the whole market matters, and you are right pointing out the correlation between⁣ SPX and BTC.

I agree with you here. It's important to keep watching the BTC trend lines,︅ and SPX action as well, as they might break, and take BTC down together with︆ the other markets. Even the cycle theory would turn invalid and cut this bull short.︇

But in my opinion we aren't there yet, and it would be a really bad︈ look for Trump and his clowns if they would let the market crash so shortly︉ after getting back into power. I am pretty sure it will happen during his term,︊ as it's the perfect opportunity to make 'free' market look bad and push the useful︋ idiots into choosing some kind of neomarxist ecofascist technocracy to rule over them forever (in︌ the next selection).

TL;DR: I expect a market crash as well, but I hope for︍ it to happen after BTC top in October. But hope isn't an indicator in itself,︎ it just an assumption, so I keep watching the market developments daily to be ready️ to act, if the theory gets invalidated.
 
US has its gold same as UK.UK now filling Comex⁠ with their gold.
It's as always a nice COINCIDENT that the exact same countries which⁤ were listed on a special report which predicts losing heavily economical power like UK for⁣ example are selling their gold and rising countries based on the report are buying.All these⁢ coincidences 😉

Who cares about your︁ opinion ?This is no personal attack but when they establish the final new monetary system︂ do you really belive they care about your or my opinion ?
And they don't︃ need to proof it to the IMF.They simply provide numbers of their physical gold stored︄ and IMF only controls if its realisticly and also how much the whole world agrees︅ on and based on that every country will receive their share of the SDR

No i did not say when hitting 20-25k︇ it will be the end of bitcoin.It will be the point were mainy retailers had︈ to sell cheap to serve their margins and where the smart money will join for︉ the final run.Bitcoin will fail inbetween the first western new monetary system and the second︊ final one.
The final run will be by 90% caused via governmental CBDC's implementing high︋ negative interest rates which officialy will be explained to support the econemy during a deep︌ recession
https://www.imf.org/en/Publications/WP/Issues/2019/04/29/Enabling-Deep-Negative-Rates-A-Guide-46598

He has the same Masters︎ as Biden has.No diffrence.US is going to sell gold for china as china needs physical️ gold to establish the yuan as the second new world reserve currency beside USD.USA accepted‌ defeat of their UNIpolar dreams to a Tripolar demand from BRICS in 2012/13 and since‍ then they prepare to get the Yuan up as a world reserve currency even if⁠ most western people can't understand it but people from BRICS are tired of the never⁤ ending hidden taxation on their goods via USD printing.
USD inflation was for such a⁣ long time small because the rest of the world took the inflation on devaluing the⁢ USD by being forced to sell their goods in USD.So USA could print significant amount︀ of new USD each year without causing high inflation by devaluing the goods income the︁ rest of the world had using USD.

Basel IV + stagflation + higher interest (getting even higher︄ than now)
Liquidity has being pushed artificialy if you observe diffrent kind of markets like︅ Real Estates etc over the last period of time.
 
Do we have any accountant on board here that could explain that to me?

Coz I am trying really hard, but somehow Binance's explanation doesn't feel right to me, it‌ still looks like they sold.
 
They also have "sold" 3⁠ or 4 bil USDT, so it seems their balances are down across board? Did they⁤ just exit to fiat?

Hard to judge, since some commenters on CT are FUDding binance⁣ intentionally, while others are shills on their payrol. Hard to find objective assessment
 
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