Post
Topic
Board Speculation
Re: Terra cofounder Do Kwon is the one who is pumping Bitcoin
by
buwaytress
on 17/06/2022, 13:04:48 UTC
@buwaytress. Agreed. I speculate that each of their company's' performance during the bear market, a coming economic crisis, Ukraine invasion and there is the risk of China's invasion of Taiwan might not be very good. There is also China's defense ministry. He has already warned that America and their allies should avoid the Taiwan Strait or there will be war.

I predict Saylor liquidation fud to begin if bitcoin dumps under $20k and cause more panic.

Except that now he seems to have backtracked somewhat and said that the danger is really not as significant as -- think 3 days ago, I saw the full transcript on phone and he said a lot of things that didn't seem to add up

Takeaways: plenty of assets left to collateralise, margin call wouldn't happen below 21k, and he's leveraged 1.04, so would need 95% drop of purchase price (so that's $2000) to get in trouble.

But I don't know, was a rough interview and vague as hell.