Nevada Copper Corp NEVDQ

Crypto contagion and you.

[bogfit]

On one hand the financial media assures that a crypto contagion is insignificant - when compared to size of the U.S. or global finances and thus fails present a threat of widespread credit crunch or bank default – they may be right, but that’s not what concerns me. 

Having to read up on crypto as I was never interested before, but now learning that investors were using coins as collateral for loans, (seems like a bad idea to me) suggests lot more pain is still to come as margin calls spur asset sales. 

For example: AAON which has risen 30% last three months.  Great mgt, a year’s worth of orders, rock solid manufacturer and as a result is owned by dozens of funds.  If just one of these funds has to meet a margin call, they will sell AAON, and the stock will fall.  Since the decline is not caused by any change in potential earnings, it would seem a great buying opportunity.

Important to be in that mind set in advance, so if something like this occur, we will be able to act swiftly and hopefully profitable as well.  Just one example of many to come:
Cryptocurrency lender BlockFi Inc. is preparing a potential bankruptcy filing after halting withdrawals of customer deposits and acknowledging it has “significant exposure” to bankrupt exchange FTX.

https://www.wsj.com/articles/blockfi-prepares-for-potential-bankruptcy-as-crypto-contagion-spreads-11668534824
 
 
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