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FTX CEO tweeting about Solana based PSY. Oversubscribed by 20x!
FTX CEO tweeting about the oversubscribed PSY IEO
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Putting PSY on the thumbnail just to get more clicks, although the article has nothing to do with him, clikbait galore
Where is PSY oppà Gagnam Style? /s
I suppose the worst could be ahead. ETH on the weekly is looking like the makings of an accumulation or redistribution (look at the size of the PSY). So we could go sideways in the range for another 6 months at least. So a drop shouldn't be too far off if that is true.
Imagine living with an boglehead and you hear the variance of these sentences a few times a day: "SPY is the best investment in history" "Fiat will collapse, SPY is backed by the 500 biggest companies" "PSY is a hedge; it survived the 30s and 08. It always goes up" "owning SPY is owning a piece of the economy" and "when the fiats collapse, people will be buying thing with SPY" "fractional share means SPY canbe 100k and be infinitely divisible"
First at all, if you are looking the **DXY Index** as "The **Strength** of the Dollar" you are right, but **only against other FIAT currencies👌** ➡️ [Country's FIAT Currencies vs Dollar📊 Over the Last 10 Years...And Bitcoin!](https://twitter.com/AnalisisSeguro/status/1535817168209715200) ➡️ [DXY Index Composition (Image)](https://ibb.co/zG6PSY4) The **Composition** of the **DXY Index** is a Composition at the **Foreign Exchange Rate**👌 # You should also Understand the recently history of FIAT Money (Monetary Policy) its Important👌 Like **Bretton Woods Agreement**, where **Dollar** became the **Reserve of the rest of Currencies of the World**, an **Gold** became the Reserve of **Dollar Supply (M2 Chart)**. But what happen in **1971**? **President Nixon** banned the **convertibility** of Dollars into Gold, **breaking** the Bretton Woods agreement and shoot down the **Gold Standard**. Without Gold Standard there is nothing backed the Dollar Supply, just the **confidence** of the poeple in Goverment and Central Bank - *FIAT is a Latin word meaning Faith or Trust.* This history event was the **beginning of FIAT Money System** actually we have, where Central Bank and Goverments can **Print Money** everytime they want only with just a **Monetary Policy Modification** \- *This is what they did in 2008 to Bail Out the Big Banks.* # Now that you know about part of the History of how the dollar became the world reserve currency...➡️ [IMF Data of Global Foreign Reserves (DXY Composition)](https://data.imf.org/?sk=E6A5F467-C14B-4AA8-9F6D-5A09EC4E62A4) Now you need to Understand the MONETARY POLICY of Central Banks, but this is more Complicated to explain, and in a Single Commentary it's Impossible😄 So I will leave you 2 videos, one is from the **famous Hedge Fund Manager Ray Dalio** and another where it is **explained very well** how **FIAT Money** loses **Purchasing Power👌** ➡️ [How The Economic Machine Works - By Ray Dalio](https://www.youtube.com/watch?v=PHe0bXAIuk0) 👈 Pretty Basic Explanation (30 Minutes Duration) ➡️ [End of the Road - How Money Became Worthless (Documentary)](https://www.youtube.com/watch?v=cTMna_vYDJg) 👈 Great Explanation (53 Minutes Duration) ➡️ [Dollar Purchasing Power (FRED Economics Data)](https://fred.stlouisfed.org/series/CUUR0000SA0R) 💩 ➡️ [How Bitcoin is a Hedge from this Loss of Puchasing Power of FIAT Money](https://twitter.com/AnalisisSeguro/status/1532119057918414848/photo/1) 💪 # I hope this help you and solve some of your doubts😁 Cya👋
"Mind recognize not limit, Neither does his reach! Heave anchor ...! This ship of fools is about to embark! " EL PSY CONGROO
IS THIS REALLY NOT A PSY-OP? .. like down to the tick tok and netflix movie already.. how could this not be pre planned
I don't want to miss $PSY for sure, FTX CEO tweeting about it is already bullish enough.
Obviously PSY has brought us something great, so I'll be having $PSY bags before the bull run comes.
Imagine what happens with PSY on the next bull run, just imagien that ;)
I wanted to get into the ICO but missed it by a bit, waiting to get some $PSY bags.
Missed the ICO, can't wait to get my hands on some $PSY.
Who is this PSY mentioned?
PSY Options makes this possible ;)
damn she's so hot . Especially her collab with PSY and how old again was this video???
tldr; Psychic Finance is a cryptocurrency project that runs on the Binance Smart Chain and combines the benefits of NFTs, DeFi Yield Farming, and a predictions market place that rewards users for correctly predicting real world events. Users can create a proposal and then other users make their predictions by simply voting "Yes" or "No" on a proposal. Users that correctly predict the event are rewarded with PSY tokens. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
Get PSY coin while it’s wet.
ɴᴏᴡ ᴘʟᴀʏɪɴɢ: [PSY - GENTLEMAN M/V ](https://www.youtube.com/watch?v=ASO_zypdnsQ) ─────────⚪───── ◄◄⠀[▶](https://www.youtube.com/watch?v=ASO_zypdnsQ)⠀►►⠀ 2:36 / 3:54 ⠀ ───○ 🔊 ᴴᴰ ⚙️
Did you really expect dudes wouldn't be pulling some BTC to prop up that PSY on Valentines Day? P/D, pull your nose out of it, buy the dip and back to work!