Post
Topic
Board Bitcoin Discussion
Merits 2 from 1 user
Re: This is the last chance to exchange stablecoins for Bitcoin
by
stompix
on 11/03/2023, 15:39:53 UTC
⭐ Merited by DaveF (2)
Then as the share price drops by more than half, customers are more likely to withdraw their money.  Due to this, the Silicon Valley Bank (SVB) bank was closed.

So if the shares of BMW drop in half everyone will be selling his car?  Grin
Customers choosing to withdraw money are not doing so looking at the shares, and shares did tumble exactly because the bank failed to secure enough liquidity, so it's the opposite way around.

If everyone takes advantage of this opportunity, the chances of Bitcoin price going up are very high.

The chances are not only high the chances are 100%, because if everyone buys then there is going to be a maximum cash inflow that will for sure make the price go beyond the previous ATH at least. The problem is, if everyone buys, what do they buy since nobody sells?

USDC is currently loosing it's peg and is around 8% down at the time of writing...  Shocked

And, you have guys on twitter claiming to buy as it's the easiest 11% you can make!
Saw that while Luna was cashing down also, so not surpised even a bit.