It has begun! U.S. banks are heavily underwater because both commercial and private loans are at the end of their terms, which means they must be refinanced at today's much higher interest rates. That means that a total of some 20% of the 4.7 trillion in loans are stuck. The rule in the US is that if you can't pay, you can give the keys to your house or property to the bank and say "please, I'm leaving. That, of course, is going to create a wave of problems and on top of the already difficult situation where many Americans are financing credit card debt with more credit card debt.
What does that mean? Well, it means that whole system is on the verge of collapse. By the way, it is not only the U.S. where things are bad. In Germany, too, the economy is on the verge of collapse. This is evident from falling industrial production figures, but also from this warning from Finance Minister Christian Lindner that Germany is in financial trouble. Not surprising of course, when you have deliberately wrecked the economy by shutting off the gas tap from Russia under the alibi of a war movie production. The numbers are also downright bad in China, and the Bank of Japan has abolished decades of negative interest rates. So the perk on borrowing money in Japan is now also over.
And of course then the ultimate escape route for money (Bitcoin) must go into the red for a while. Many people already have no room to save at all, let alone buy Bitcoin, but during the time the Silicion Valley Bank fell last year, it appeared that many fled toward Bitcoin, and you now want to prevent that flight as much as possible, and so Bitcoin is being maneuvered into an artificial crash. That doesn't scare off the big investors, but it does scare private savers and investors. How can such an artificial crash be realized? For example, by leaving the applications for the ETFs (Exchange Trade Funds) for a day and processing them later; for example, in cooperation between the exchanges and the Over The Counter desks of those exchanges (see this note).
What the so-called deepstate wants is to force the CBDC (Central Bank Digital Currency) on the masses, and so you don't want people to secure their money in that elusive Bitcoin. And so just before you crash your banking system in a controlled way, you have to give the impression that that Bitcoin is not safe either. Then people start trying to move their money from the small banks to the big guys like JP Morgan and Bank of America instead of Bitcoin. Then when the system crashes you realize hyperinflation and you prevented people from getting into trouble by fleeing to Bitcoin? Yes, the system does want the masses to get into serious financial trouble, because with that problem they can provide the solution: state support in the form of the CBDC (followed by the associated social credit system).
And of course, all this will possibly be accompanied by some major events to distract from the fall of the banks. Pearl Harbor-like events could then fill the media, diverting attention from the falling banks. The feigned death of King Charles III in the United Kingdom may be one way, but some war movie production violence may also start to be shown. The planned alien-invasion hoax will be a while in coming. That is only going to come as the planned civil war in the U.S. unfolds.
You can hear the state of the banks explained in the video below (and read on below).
In the meantime, don't let the Bitcoin crash scare you off, because no matter how you slice it, only 1 escape route remains for large institutional investors. And although the creator of the video (Steve van Metre) invariably doesn't mention that option (because his company is selling traditional investment strategies), Bitcoin is the only quick way out for investors. The quickest route is through the 10 Bitcoin Exchange Trade Funds (ETFs) established since Jan. 11, 2024, and so we are on the eve of the flow of trillions of investment money toward those Bitcoin ETFs. Those ETFs must then, in exchange for selling ETF fund shares, buy the underlying asset (Bitcoin) within two business days, and that will lead to Bitcoin's long-predicted spike rise here.
So while you will first see a small crash of Bitcoin, the value of Bitcoin will then shoot towards the million (or millions) very quickly. This will then be coupled with the hyperinflation of the dollar, creating an avalanche effect worldwide that you can say UTH. Buckle up! Don't sell your Bitcoin. The black swan event has arrived.
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37 Comments
https://cointelegraph.com/news/grayscale-gbtc-outflow-highest-daily-record-spot-bitcoin-etfs
A lot of bitcoin was indeed sold yesterday by Grayscale. Also to follow here:
https://www.coinglass.com/bitcoin-etf
And presumably the soap opera surrounding Kate should distract from the upcoming announcement that Charles is dead:
https://www.telegraaf.nl/entertainment/972318668/tmz-publiceert-nieuwe-beelden-van-bezoek-catherine-aan-buurtwinkel
Media house Netherlands msm-vod Telegraph has posted a message about the great-grandson of Jesuit, once priest student & Freemason Joseph Stalin (1878 - 1953), that according to him President Vladimir Putin has been dead for some time and that the current Putin is a clone.
Yet another proof that prescribed truth is irrevocably tilting.
As far as I know Germany is "main country" when it comes to collecting money on patents, they have the most patents on many raw materials and manufactured materials, they make a lot of money with that.
Furthermore, Germany has always had a strong line with America.
If Germany falls all of Europe falls I understand.
Bitvavo this morning between 06:00 and 07:00 maintenance.
Yay sales orders that were long gone were just processed.
Purchase orders don't work processed.
They all work with big business.
Removed almost everything so I can trade without an intermediary.
So if they can pause purchases for 48 hours the market should show a run upward on Thursday.
One advantage now with a lower price of bitcoin is that you get more bitcoins for your fiat money 😉
Manipulation going on:
Crypto exchange BitMEX is currently investigating "unusual activity" involving large sell orders on its BTC-USDT spot market overnight that sparked a flash-crash dragging the price of BTC (in USDT) down below $9,000 (while the price remained above $66,000 on other exchanges)...
A spokesperson for BitMEX said the company investigated the incident and found evidence of "aggressive selling behavior involving a very small number of accounts that exceeded expected market ranges," adding that its systems had operated normally and all user funds are safe.
"We launched an investigation as soon as we noticed unusual activity on our BTC-USDT Spot Market. Despite all our systems operating normally, we identified aggressive selling behavior involving a very small number of accounts that exceeded expected market ranges. Our compliance is thoroughly investigating relevant individual accounts, and will keep our users appraised of any necessary measures in the future," BitMEX spokesperson further told Cointelegraph.
"Someone just dumped 400+ BTC over 2 hours in 10-50 BTC clips on the XBTUSDT pair on Bitmex eating 30%+ slippage. They must've lost $4m+ at least," pseudonymous crypto community member "syq" wrote.
https://www.zerohedge.com/crypto/bitcoin-flash-crashes-below-9000-bitmex-amid-tether-turbulence
Meanwhile.
And there was another coordinated crash. This time via Bitmex exchange:
This gentleman explains what I also keep saying, namely that the state (read: the Central Bank, the FED) through the ETFs (which use Coinbase for Bitcoin management) will confiscate all Bitcoin that is not held in self-custody (in hardware wallets):
Buy them Dip!
I've been hearing for at least 10 years about the imminent financial crash that's coming, you have convincing arguments but nothing happened on March 11th.
We'll see
Erstens kommt es Anders, und Zweitens als man thinks 😉
You're only wrong so long until you turn out to be right:
https://www.martinvrijland.nl/nieuws-analyses/the-boy-who-cried-wolf-en-de-dreigende-laksheid-aangaande-wat-komen-gaat/
Just at a live stream on YouTube I saw a comment to get your money out of the bank (USA) because as of today the Fed is no longer lending.
Could that be the reason that bitcoins can no longer be bought here in the Netherlands with a selfcustodial wallet since today either?
It seems that my wallet (Jade) is not linked to a specific exchange. I went through a short KYC process at Margex, and there I made some small transactions via Changelly. This option is still available today, but only if I log in via the email received from them (marginx).
Just now I bought bitcoin from BTC Direct because they have a better price. KYC (selfie & ID) went smoothly even though it was the middle of the night: I waited about 20 minutes for confirmation. Subsequent transactions went smoothly (after waiting 10 minutes the bitcoins were in my wallet).
@ monikatje
I assume by your wallet you mean your hardware wallet.
But what I also find interesting, did you send the euros
sent from an account "one of our" Dutch system banks, e.g. ABNAmro or something similar, towards BTC-direct?
My attempt of purchase Bitcoins through a money exchange office (Pocket) and counter account ABNAmro immediately led to a call from the fraud department of this bank . I did not have my purchase cancelled , and it ended up just arriving on my hardware wallet that same evening . ( purchased in the afternoon )
But every time the hassle , that doesn't make me happy. It was a tiny amount and with larger amounts I have yet to see it.
@ walter
Yes, I call my wallet a wallet:-)
A purchase from BTC-direct is called a direct purchase (just like Bitonic), i.e. bitcoins are transferred directly to your wallet.
I decided to buy from them because of the speed of the transaction and the price. It's probably not anonymous, but maybe that's why the bank didn't respond (or maybe because they don't have my phone number). I used the Dutch ING & ideal (just like on Margex). I made purchases for €200 each time. All in all, I recommend it. Greetings.
200 euros per transaction:-)
@Monikatje,
Okay ! Thanks for your info . I think I will now try ING & iDEAL , have an account running here .
And a so called direct purchase place at BTC-direct directly to the wallet .
BTC-direct, by the way, confirmed tonight (March 21, 2024) to my question about ABN AMRO accounts, that there are just
Bitcoins can be purchased through this bank.
That sometimes the purchase can be put on hold to get confirmation from the customer of the desire to purchase Bitcoins , because it prevents accounts from being hacked and fraudulent purchases made by others than the account holder.
Greetings , walter
Most of all, it shows how banks interfere with transactions. In fact; they freeze your account at will.
It's watching and finger-pointing packaged as "we'll make sure you don't accidentally become a victim of fraud.
As if the bank has anything to do with that. No. First, they don't want you to buy Bitcoin, and second, they are interfering as a police officer over your transactions.
The harbinger for CBDC and social credits.
Keep in mind: the bank may freeze your account at any time and make all kinds of demands before you can access "your money" again. And if you don't meet those requirements, you can whistle for your money. "Your account has been closed".
Hence: Bitcoin and away from that life-threatening gang of robbers that calls itself a bank.
What is the thinking behind the fact that this clearly "one of them" (because a prominent frequent major media investor/author is that by definition) Kiyosaki is so prominently encouraging bitcoin to be bought? When in fact the thought was that individuals would be funneled away from bitcoin. Or is it then, that another intermediate bitcoin crash is going to take place?
https://nieuws.btcdirect.eu/roberty-kiyosaki-koop-zoveel-bitcoin-als-je-kunt/
@Ben,
Yes, I wonder that too.
Looking at the current stock price, it has been falling for two weeks now,
I think the end is not yet in sight.
Hold your horses
Try to be patient until next April 20. That's what you can read from the electromagnetic refelections in the plasma dome (aka stars and planets) through the astrological chart.
April 20 seems to be the time.
Just wait until April 17 when the halving occurs. Then the price will shoot up. Demand remains high, supply a lot less 450 btc instead of 900 btc per day.
From the looks of it, the stock price has been rising again since today. Going in the right direction. Wonder what the price will do after the halving.
@Martin,
By April 20, is your answer about bitcoin or about the Phoenix moment?
About Bitcoin. The Phoenix moment will be around for a while.
What I wonder is whether he himself really realizes that between 24:20 and 28:40 he is expounding Klaus Schwab's "you will own nothing and you will be happy about it" sermon. Very apt comparison if you ask me.
He even mentions it further down...look further
It's not so bad:
What are we to make of Ethereum which is also going to the London Stock Exchange in the wake of Bitcoin.
Proof of Work is just key here too?
https://www.crypto-insiders.nl/nieuws/finance/bitcoin-en-ethereum-komen-naar-londense-beurs-in-grote-stap/
"Proof of Work is just key here too? So by that I mean that because of the lack of this in Ethereum, this crypto is not going to be it either?