Well, I sure as hell didn't.It's like no one remembers Agenda 21.
Just analytics in those interested in math.
What's your thoughts on the crypto market right now? BTC went under $40k today and ETH under $3k.
Good thoughts UF. I don't always agree with your positioning but I'm a little older.....still I will always have a craving for some things that are riskier than most my age. I'm still adding small amounts into the more established stuff and quite honestly I'm a little less put off by what BTC and Eth have done recently than I am by some of my riskier stock holdings.....I took an absolute beating today even in commodities and that I didn't expect.....I don't know what will happen in the short term, but I think this is a great opportunity personally. I will continue to DCA as they continue to go down. Not really worried about the so called tapering" in the long term.
Prices are going down despite nothing but good news with more adoption from mainstream companies and increasing illiquid supply on chain. Nothing has really fundamentally changed. I try to double my Bitcoin stack this year if these prices stay or go down a lot further. Ethereum and other layers 1 are more adopted than ever before.
Not to go into politics either, but bizarrely leftists and right wing seem to like Bitcoin, but centrists dislike it. Think Bernie Sanders leftists and Ted Cruiz right wing because they both feel BTC is anti establishment. Whoever wins the Whitehouse next is going to be far softer on crypto, because I don't see a Joe Biden/Mitt Romney type winning in 2024.
Mind you everyone's situation is different. I am relatively young and have a high paying job in a relatively safe sector (healthcare), so I can afford to take more short term risk. My timeline is at least 10-20 years out. If you are closer to retirement I'd be a lot more careful.
Well there ya go....they said it out loud
I know you folks in Kansas don't get out much ....but technology is going to drive things to a digital currency at some point in time.
Look at what we already do digitally.
Yes at this point there is no doubt a great divide forming between central banks of the west and the commodity giants(BRIC's)......The dollar as much of a turd as it is, is still floating at the top of the monetary punchbowl because the rest of the turds, euro/yen and other western currencies have become saturated and sank.....
Now the real question which I'm predicting will be answered by the end of the 3rd quarter this year will be whether our central bank decides to inflate(gonna happen either way)or smash(economy) first and then watch sh!t REALLY inflate in the aftermath.
Here's a clue....check tax receipts. They have supposedly fallen over and with 70%....yes I said 70% of all tax receipt dollars go to social/gov programs. Debt to GDP is at 130%.....meaning we CANNOT produce our way out of this mess. The fed has no choice but to re inflate the bubble they are letting the air out of right now.....Short term suggestion....buy the sh!t out of gold and jump back into commodity stocks once this is confirmed until it starts to deflate again(6 months to a year)....take profits and pay off everything you own....take the rest and buy a lot of gold....get out of equities......rinse and repeat.
Spot price of gold is around $1,830 per troy oz. Some people will tell you gold is not performing because it is only up 1-2% year to date.......I call BS because EVERYOTHER asset class besides energy is down 20-40% and crypto like 60%.Are you talking physical gold? Because last I checked it was like 2800/oz....hardly affordable