this man's tweets have preceded a price drop 8 out of 8 times perfectly
that's better hit rate than Mia Khalifa, Meek Mill & Soulja Boy
you vs. the guy she told you not to worry about
update 😭😭😭
just look at this volatility...
now if you're holding a heavily leveraged position out here you're getting rinsed 💦💦💦
won't even hit a margin warning, straight clean out
@djsbu can tell your intentions come from a good place. These streets desperately need more educational content on crypto ++ major help getting their hustles on lock
If you ever want to jump on a Space to tag team & talk crypto hmu. We have the same end goal 💪🏽💪🏽
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folks earning more than R50k/ month spend 101% of their pay to service debt (entire salary)
*read that again*
their debt/ income ratio? 303% ‼️
people are surviving on the edge & interest rate hikes will send many over
— Debtbusters Q1 Debt Index
there’s no “middle class” in South Africa
it’s poor, premium poor & wealthy
the so-called “middle class” are fuelled by an avalanche of debt, stagnant wage growth, suffocated by consumerism & beaten up by rising costs of living
1-2 missed salaries changes life entirely
the worst part about interest rate hikes is the multiplier effect on debt
higher monthly bond repayments, steeper vehicle instalments, higher personal loans & credit cards costs
the tragic reality is many people who borrowed when rates were low, can’t stomach higher rates