Can We Sue Them?

The Problem With Your Brokerage Account                                                                                                                                                                                                                                                                                                                                                                                                                 August 14, 2024 | [Listen Online]( | [Read Online]( [Teeka Tiwari]( & Houston Molnar [fb]( [fb]( [fb]( [fb](mailto:?subject=Post%20from%20The%20Digital%20Asset%20Daily&body=Can%20We%20Sue%20Them%3F%3A%20The%20Problem%20With%20Your%20Brokerage%20Account%0A%0Ahttps%3A%2F%2Ftiwariresearchgroup.com%2Fp%2Fcan-sue) NOTE: This is email #1 of 2 today. We’ll be sending you another one at 3pm Eastern. It’s a very important topic so please open it as soon as you get it. The subject line will be: Teeka Tiwari Scam Can We Sue Them? The Problem With Your Brokerage Account ● Thousands of profits evaporated just like that. Can we sue them? ● My order was filled, and everything was cool… but then PUFF! MY PROFITS ARE ALL GONE! SHAME ON YOU! ● I just sent an email to the central bank of Ireland telling them how p#$@ed I am. This is really amateurish. This is just a sampling of complaints posted to the social media platform Reddit last week by traders angry at their brokerage firms. When I tell you the story driving their anger, you won’t blame them for being furious. You’ll also find out how you can profit from the solution to their problems. Here’s what happened… Last week, we saw the biggest U.S. stock market rout since 2022… Japanese stocks saw their biggest crash since 1987... Bitcoin saw its worst performance since the FTX implosion in 2022. Even traditional safe-haven assets like gold were in the red. The immediate cause behind the sell-off appeared to be the unwinding of the Japanese yen carry trade. I won’t get into all the details about the “carry trade” here. But Daily editor Teeka Tiwari sent out an urgent video update to his readers explaining what happened on August 5. If you’re a paid-up subscriber to Big T’s Inside Crypto, [you can watch it right here.]( Long story short: The Volatility Index (VIX), the market’s so-called fear gauge, surged 180% overnight to 66 following the unwinding of the trade. (We consider anything above 20 to be volatile.) It was the third-highest level in the history of the VIX – trailing only the increases during the COVID-19 crash in 2020 and the 2008 Financial Crisis. In his video update, Teeka predicted the sell-off would likely be temporary and urged subscribers to view it as a buying opportunity. He also said buy the dip in his August 9 essay, “Why You Should be Buying Into This Sell-Off.” [You can read it here.]( Many wanted to. And for good reason. Just as Teeka predicted, the market is up 6% since the sell-off. But if you wanted to buy Monday’s dip in a major brokerage account, odds are you couldn’t. That’s because many of the biggest brokerage platforms – including Vanguard, Fidelity, TD Ameritrade, E-Trade – went down for over an hour. At its peak, Charles Schwab received nearly 15,000 outage reports from users. Fidelity and Vanguard received 3,800 and 2,900 outage reports, respectively. By the time the brokerage firms were back online, the market had started to recover. And the chance to take advantage of the most dramatic one-day sell-off in years had passed. That missed opportunity prompted thousands of angry traders to express their outrage on forums like Reddit. Many threatened lawsuits. Can you blame them? Here’s the thing about traditional online brokerages. They work 98% of the time… But during extreme market events, it’s not uncommon for them to shut down. And when they shut down, they prevent investors and traders like you from taking advantage of fast-moving profit windows. There’s a solution to this problem. And those who invest in the technology that provides this solution can position themselves for life-changing gains. In Volatile Times, You Can’t Count on Your Exchange Last week wasn’t the first time major online brokerages crashed during a period of extreme volatility. There have been several high-profile cases in recent years. On November 9, 2020, the S&P 500 surged nearly 5% on positive vaccine news and election sentiment. If you wanted to make a trade during this time, you had to sit on the sidelines and watch. Thousands of TD Ameritrade, Fidelity, Vanguard, and Charles Schwab clients couldn’t access the market for over an hour. During the meme stock craze in 2021, Robinhood disabled the “buy button” on a number of stocks, including GameStop (GME), as retail investors piled into them. GME saw peak gains of nearly 18,000% during this craze. So by disabling the buy button, Robinhood robbed thousands of investors of potential gains. Many speculated that Robinhood disabled the buy button to help hedge funds cover their short positions on GME. The real reason, though, was much more self-centered. Robinhood had to disable the buy button to meet clearing house requirements. Too many people were depositing money and buying meme stocks without their funds clearing first. This created a massive risk for Robinhood if the deposits weren’t fulfilled. Crypto exchanges have experienced similar headaches. When FTX collapsed in November 2022, Coinbase and Kraken – two of the largest U.S. exchanges – briefly shut down as activity overwhelmed the systems. If you haven’t noticed already, these exchanges have one thing in common: They’re all centralized. Centralized platforms are susceptible to overloading when millions of people try to log in at the same time… Causing the system to freeze up like we’ve seen during periods of volatility. And if a trade isn’t going the way they want for whatever reason, they can step in and shut down the exchange with one flick of the switch. If you’re a longtime reader, then you know our answer to the problems caused by centralized exchanges: Blockchain technology. The blockchain doesn’t require “permission” or central authorities that decide who gets to access what services. It also doesn’t require “trust” or an intermediary to facilitate virtual transactions between two or more parties. At its simplest, blockchain technology is an online ledger. And like any other ledger, it tracks transactions. But the blockchain has three main advantages over traditional internet networks. ● It’s decentralized: Data is distributed instead of stored in one location… making blockchains much harder to hack or over run than centralized databases. ● It uses state-of-the-art encryption: This makes transactions much safer. ● It’s peer-to-peer: This allows individuals to transact with one another without an intermediary – lowering costs. Decentralized blockchains are public, open, and more transparent. So they don’t require trust in the same way as their centralized counterparts. And because no central party controls public blockchains, you can’t shut them down. So even during the most volatile periods, they continue to work as intended. When the top brokerage platforms shut down last week, decentralized exchanges and lending platforms on the Solana and Ethereum network didn’t flinch. When Robinhood disabled the “buy” button because it needed time to clear deposits, decentralized platforms continued to work at full capacity. When FTX collapsed in November 2022 and major exchanges like Coinbase and Kraken experienced “connectivity” issues… Decentralized networks continued to process trades and liquidate borrowers exactly as they were designed to. Now, don’t get me wrong. Decentralized platforms are experiencing growing pains… For instance, during times of heavy traffic they can slow down, and fees can increase significantly. But they never grind to a halt like centralized exchanges do. They continue to work – even during periods of extreme volatility. Time and time again, blockchain technology has proven it works as intended. That’s why major financial institutions are adopting it. Blockchain Is the Future of Finance Recently, JPMorgan Chase, Bank of America and the Society for Worldwide Interbank Financial Telecommunications (SWIFT) announced plans to launch their own decentralized networks. JPMorgan is one of the world’s largest banks, with a market cap of $590 billion. Last year, it rolled out programmable payments for its blockchain platform, Onyx. Recently, JPMorgan carried out the first live blockchain-based collateral settlement involving Blackrock and Barclays via Onyx. Combined, these three firms hold over $12 trillion in assets under management. SWIFT is the backbone of the global financial system. It connects over 11,000 banks and financial institutions in over 200 countries… including the U.S. Federal Reserve. And around $5 trillion flows through it every day. It recently partnered with some of the biggest players in blockchain to implement decentralized technology into its current network. With a market cap over $500 billion, Visa is one of the world’s largest payment processors in the world. The credit card company has started to adopt stablecoin settlements into its business to improve cross-border transactions. A stablecoin is a cryptocurrency with a fixed price. It’s designed to maintain a stable value. Many of them are pegged to the U.S. dollar (USD) and trade at or near $1. Stablecoins solve one of crypto’s major problems: Volatility. By transacting in stablecoins, settlement times can drop from days to less than a second. To benefit from this trend, we recommend holding a basket of world-class cryptos like bitcoin, Ethereum and Solana. These are the foundational blockchains for all types of decentralized applications. So they’ll benefit the most from a mass migration of traditional finance to DeFi. Now, I doubt stalwarts like JPMorgan, Bank of America and Fidelity will build out their own systems on public networks like Ethereum or Solana…yet. My bet is that they’ll make the same mistake they made in the late 1990s and build private networks. That’s because these financial giants will still want full control over their networks. If a mistake is made, they’ll want to erase the transaction. If they’re ordered by the government to sanction a country or confiscate funds from illicit activities, they need the power to do so. However, they’ll still be able to connect to public networks like Ethereum and Solana to interact with the open market. Eventually, I believe they’ll migrate many of their applications to public blockchains the way they now mainly rely on the public internet while still maintaining private internal networks. Decentralized networks have been battle tested over the years. Just about everything has been thrown at them… And if they were going to fail, they would have by now. The fact that they haven’t – and that many major Wall Street players are adopting this technology — strongly suggests this trend is here to stay. An easy way to be part of this trend is to have exposure to bitcoin, Ethereum and Solana. Regards, Houston Share The Digital Asset Daily You currently have 0 referrals. [Click to Share]( Or copy and paste this link to others: [ [fb]( [tw]( [ig]( [yt]( [in]( Update your email preferences or unsubscribe [here]( © 2024 Tiwari Research Group 1607 Ponce De Leon Ave San Juan, Puerto Rico 00909, Puerto Rico [Terms of Service](