It was fun while it lasted. I’ll probably lose all of the money I tossed into cryptos soon and I am okay with that. It was fun, adventurous, but now it needs to end — for the good of humanity and banking.
With some of my cash, I bought NUGT. I’m thinking all of the HODLers will sell out of their ETH and BTC and roll into gold. Nah, just kidding. Those people don’t have the slightest idea how to buy gold, even if they wanted to.
I just like the chart. Gold has been trending higher for 6 month, slowly but surely — like a fucking turtle.
I’m in.
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…and let’s not forget silver. Busty Nomi is in
https://tinyurl.com/ybqyjrtm
Don’t forget to stock your bunker, for the coming apocalypse. I’ll double up on crypto, feel free to sell to me.
you should not have a problem doubling up on crypto. plenty available.
https://tinyurl.com/y7j6waxt
Silver’s in a good spot to watch for a long entry …at support and coiled.
Also, I like silver better than gold because its price is further away from being practical to manufacture from other elements (i.e., further away from $quadrillion/oz). And I like silver miners better than gold miners because it is harder for mine workers and management to steal meaningful amounts of silver mine production from stockholders than it is for gold diggers.
Talked about crypto with some college kids this weekend. They are totally clueless, really no idea what they are doing. Many of them said that they are “trading” cryptos because it gives you the most bang for your buck, yet they have never heard of futures contracts.
Also, “trading” means buying some cryptos and holding until higher prices. If they trade down, just hold and wait for the rally.
that’s exactly the same stupid shit my broker was telling me when I was ~20.
https://tinyurl.com/ycwfgjqf
The Great Recession didn’t affect investors under 30. Buy the dip, buy and hold is the easiets thing and has worked like magic for them as we are starting Year 9 of the Bull Market. They did not learn about Bear markets the Hard Way (with skin in the game) .
Most significantly, even the ones that looked back at 2008 (or 2000) would learn the lesson that even the deepest Bear market will recover all it’s losses and then some. Basically, they are learning the same investing lesson as the Baby Boomers. However, most people underestimate the tailwind effect that 30 years of falling interest rates (which are quite different from low interest rates) had on assets. The younger generations will not have this benefit.
Wait, there are investors under 30? Stock investors? Under 30?
WYNN to 200 plus its finally gonna do this
You would think a government shutdown would be bullish for cryptos.
A government shutdown indicates governmental dysfunction. However, people can lose faith in the governement but still maintain faith in the government’s currency.
In the long run, a multi-day shutdown would mean less government spending -> lower government debt, lower GDP -> lower Treasury supply, higher USD, lower interest rates -> lower prices for alternate currencies.
Nobody believes government shutdowns are anything other than theater. Back pay is given to all the workers 100% of the time, and this time there isn’t even as much shutdown as when Democrats rallied everyone to not show up to work.
If Trump really wanted to shake things up he would insist on no back pay, or fire some of the people saying you know what, we were fine while you were gone.
I don’t the average crypto pleb realizes that you have timed this blog entry with precision. In other words, gold is about to rip some fucking faces off. First stop: 1362. Then the fucktarded gold bears will attempt to sell it again.
I don’t think the average crypto pleb realizes that you have timed this blog entry with precision. In other words, gold is about to rip some fucking faces off. First stop: 1362. Then the fucktarded gold bears will attempt to sell it again.
http://pbs.twimg.com/media/DUNz6uCVMAUgFHH.jpg if you wonder if he sold or not he was the main frenzy-injecting factors in the internet “plebs” who bought between 10000 and 20000 ( and eventually waiting for price to get back to 20000)
this guy McAfee he has a class – he puts his lampshades into plastic bags like some italian immigrant. wtf is with that…?
just a new lamp