Just being old and having lots of life experience, two things have hit me hard when it comes to investing over the last few months.
#1) Crypto makes 0 sense to me. Yes, the theory is great, getting away from fiat currency. In reality, it makes no sense. You can't spend it, expect some places online, it isn't backed by a military or govt. It is just based on what others value it at. And what is that? Just the flavor of the day. I know a lot of people who do investments and are very good with them to the point it is their full-time income. They all either don't touch crypto, tried and lost at it, or have a very small exposure and just leave it alone and expect nothing in return from it. Yes, I have missed a large fortune not getting into it when I first heard about it. But it made no sense then and it makes none now. I figured the govt. would confiscate it, due to the use back then was for more seedy purchases. It is much more mainstream now, so I know this is no longer the case, but it seems like just an empty investment that can be controlled by the big boys, they can drop the bottom out any moment they want, profit on the way down, then buy back at a much lower price, rinse and repeat over and over. And it appears they are now doing just this.
#2) Sam Altman is one of the distrustful people I have seen on TV. He is the center of this AI move that is based on building 40 or more nuclear power plants in a country that can't even rebuild bridges, and if you question him on it, he throws a fit. Then when you question anyone about AI, what will people do for jobs, no one can answer. There is no plan in place for this move, it appears to be a giant bubble created by excitement and the reality that nothing in the west looks good to invest in right now.
Where are the big boys putting their money? Land. So, now land is largely unaffordable and has little growth remaining in it.
My investment advice? I have none. The entire west appears to be a bubble and no one in NYC or DC has any plans other than to bailout when it does finally pop. Trump and his stupid 50 year mortgages, Altman and his shameful interviews, getting desperate and selling chips to China, top Ukrainians stealing hundreds of millions and running away and getting away with it. Crypto seems like the best bet, but now it appears it is the new target of the big boys to manipulate.
#1) Crypto makes 0 sense to me. Yes, the theory is great, getting away from fiat currency. In reality, it makes no sense. You can't spend it, expect some places online, it isn't backed by a military or govt. It is just based on what others value it at. And what is that? Just the flavor of the day. I know a lot of people who do investments and are very good with them to the point it is their full-time income. They all either don't touch crypto, tried and lost at it, or have a very small exposure and just leave it alone and expect nothing in return from it. Yes, I have missed a large fortune not getting into it when I first heard about it. But it made no sense then and it makes none now. I figured the govt. would confiscate it, due to the use back then was for more seedy purchases. It is much more mainstream now, so I know this is no longer the case, but it seems like just an empty investment that can be controlled by the big boys, they can drop the bottom out any moment they want, profit on the way down, then buy back at a much lower price, rinse and repeat over and over. And it appears they are now doing just this.
#2) Sam Altman is one of the distrustful people I have seen on TV. He is the center of this AI move that is based on building 40 or more nuclear power plants in a country that can't even rebuild bridges, and if you question him on it, he throws a fit. Then when you question anyone about AI, what will people do for jobs, no one can answer. There is no plan in place for this move, it appears to be a giant bubble created by excitement and the reality that nothing in the west looks good to invest in right now.
Where are the big boys putting their money? Land. So, now land is largely unaffordable and has little growth remaining in it.
My investment advice? I have none. The entire west appears to be a bubble and no one in NYC or DC has any plans other than to bailout when it does finally pop. Trump and his stupid 50 year mortgages, Altman and his shameful interviews, getting desperate and selling chips to China, top Ukrainians stealing hundreds of millions and running away and getting away with it. Crypto seems like the best bet, but now it appears it is the new target of the big boys to manipulate.
My 2 cents and gut impression which are not worth much on this topic is that BTC will continue to raise in price and the whales are cornering the market. So that they can buyout the little ones for a cheaper price.
It´s an highly speculative investment. And the more the tax digital opression increases more people will see it as a life boat. But it´s not a life boat. It´s just a feel good useless decoy.
It´s an highly speculative investment. And the more the tax digital opression increases more people will see it as a life boat. But it´s not a life boat. It´s just a feel good useless decoy.
I think this is exactly what is happening and will happen over and over. They will crash the market, buy at low rates, get people to buy in with them, then rinse and repeat. If you can get in and out at the right time, excellent. If not, I think the big run up is over and it is now more matured and will be good for trading, not so much to buy and hold.
Judoka
Catholic
Institutions are being forced to sell right now as $mstr is facing the reality of being delisted by the nasdaq and msci for being more than 50% digital assets
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Also, bear markets are totally healthy , next 8-12 months are a good time to buy.
Buying right now would just feel like trying to catch a falling knife
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Judoka
Catholic
Strategy is not in the S&P 500. Per the article that you cited, there's a risk that they might get de-indexed from other indexes.
Fixed thx
Wait I thought bitcoin was too mature and people were getting bored? Haha.
Strategy will eventually be included in the S&P, but they definitely don't need inclusion. The S&P index needs Strategy (eventually they will be forced by blackrock and vangard to be included, because not including the best performing company in the S&P is costing them money in lost fees)
Strategy does not rely on common stock price, or sales of common stock, to buy bitcoin. They can issue preferred shares, which are essentially functioning as a bond and fixed income replacement for pensions, insurance, and re-insurance that has $100 Trillion in negative yielding bonds.
Common share price will not affect their ability to raise money, because the leverage of the company's value is only 15%. (American Airlines is 600%) The corporate treasury (not including shareholder equity) is larger than Lloyds of London.
And the thing he doesn’t talk about is if Bitcoin which is far more secure than anything else in the digital world does fall victim to quantum computing the entire banking system, the stock market and real estate, digital ID etc will go down to quantum computing hacking long before Bitcoin since they are digitised ledgers but less secure.
Your money in a bank account is just an electronic ledger, you think quantum computing won’t hack that if it is capable of hacking Bitcoin? Most real estate ownership records are now digital (rather than being a physical title deed certificate) and same with stock ownership whose records are mostly kept on a digital ledger rather than physical stock certificates. All of that will dissapear if quantum computing hacks everything.
Even with physical gold most institutions don’t physically custody it. If Ray Dalio’s fund owns physical gold but it’s custodied at a bank or storage facility how do you think they keep their database/records of who owns what? His physical gold might be sitting there in one of their vaults but how can he prove that he owns that gold if the details of his account have been erased/hacked in the system?
What he is saying is like saying “I don’t want to own stocks because what happens if a major nuclear war breaks out and everything gets destroyed”. I mean if that happens your stock portfolio going down will be the least of your worries.
Too late to sell now. As they say in markets: if you are going to panic, panic early.
Ben cowan has accurately charted bitcoin the past couple cycles.
He’s saying 70% chance we are heading into a 12 month long bear market. (There’s a chance it only lasts 6 months as well) That goes to 80% if we don’t recover the 50 week moving average by end of today (which didn’t happen)
He also points out, that we shouldn’t be saying “oh no it’s a bear market!” Bear market is when you make money. You obviously don’t want to buy the top. If you buy right now, you are buying the top, hopefully all of you sold your bitcoin last week, and took profit, as we head into the bear market.
He makes a few good points
If you want to round trip this cycle (or try to buy right now) you can do that , you are providing exit liquidity for all of the btc sellers, who will start buying back in the middle of next year
Basically check back in the next 6 to 12 months if you want to buy, bitcoin, we ought to see some decent opportunities to buy
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Nah, DCA'ing even harder all the way down.