Crypto trading

[jaygreenb]

Nonsense gold is a tangible commodity , bitcoin is quasi asset at best

Both are touted as hedges against inflation problem is only one of them has a history to prove it

I don't think you full understand what I am saying. Every assets value with our current inflationary monetary system, part of the price is a monetary premium/store of value. Other assets like Real estate and stocks have this as well as people look to get out of depreciating dollars and into assets to maintain their purchasing power. You can very clearly see this the past 18 months as assets have all rapidly appreciated for the sole fact that there have been record amounts of stimulus flooded into the economy. Stock valuations are far above what would be a typical P/E ratio, part of that additional valuation is a monetary premium. This has been an accelerating trend that past few decades as interest rates have gone down.

To put it very simply, if bitcoin did not exist, do you think more money would flow to gold? It's very clear that funds that would normally be allocated to gold have gone to Bitcoin. Without Bitcoin, golds price would be much higher today, that is bitcoin demonetizing and taking golds monetary premium. I believe over time Bitcoin will take the monetary premium out of many asset classes.

 

[SargeMaximus]

History is being rewritten. Don't be on the wrong side of a paradigm shift. Betting against crypto is like betting against the internet in the early 90s when it was just getting started and we only had dialup.

Some people can't see what can be, they can only see what is. I feel really, really sorry for those people and the crushing conversations they will be having with their kids and grandkids in the next 5-10 years when they demand to know why they chose to sit around and watch it happen doing nothing instead of using it to build generational wealth during the period of the greatest transfer of wealth that humankind has ever seen.

This is laughable since when the inflation data came out bitcoin dipped pretty decently

 

[BackInTheGame78]

This is laughable since when the inflation data came out bitcoin dipped pretty decently

Had nothing to do with inflation, had to do with Evergrande news.

500,000+% over a decade doesn't lie.

 

[SargeMaximus]

Had nothing to do with inflation, had to do with Evergrande news.

500,000+% over a decade doesn't lie.

we haven’t had bad inflation over that decade

 

[DEEZEDBRAH]

I own a lot of physical gold but there is real risk of bitcoin demonetizing it. The main issue with a gold backed currency is it is stored at a centralized source, usually central banks. Because this there is a lot of risk with manipulation and other issues. Humans always find a way to screw things up

Agreed. I meant I preferred a gold backed currency vs paper fiat. I own some precious metals. It's something that I will be accumulating as well. I see the same with crypto. Unsure as to what is the best hedge with money printing. I think your own biz off the beaten path is a Excellent play particularly if digital. Real estate too but pending your location. Wouldn't buy in Australia. Not thrilled about many places including the UK or much of the western world. Bullish in crypto.

I'm grappling with the amount of surplus Micro FU fund. Rather more crypto but the government's have gone full retard the past few years. I feel bad for mom and pop shops.

 

[DEEZEDBRAH]

History is being rewritten. Don't be on the wrong side of a paradigm shift. Betting against crypto is like betting against the internet in the early 90s when it was just getting started and we only had dialup.

Some people can't see what can be, they can only see what is. I feel really, really sorry for those people and the crushing conversations they will be having with their kids and grandkids in the next 5-10 years when they demand to know why they chose to sit around and watch it happen doing nothing instead of using it to build generational wealth during the period of the greatest transfer of wealth that humankind has ever seen.

I swear, people should avoid mainstream news and research the **** out of the best things to invest in. I agree with you. Crypto is huge but I am mostly think large caps. Every other play being high risk play. Rather more btc and eth. Alternatively, I will gamble on others taking. Just need to win big on any of these and be up. I saw value in EnJ and mana before the fb meta jargon. Fb is just bleeding out. Has fallen off. No way back on past trajectory. Furthermore the bad PR is not helping.

Similarly, YouTube is full of dork married dating coaches and morons shilling their rubbish crypto. There are legit ones but few and far.

If I had any regret in crypto it was not going sll in sooner. Head about it a decade ago. I passed. I thought world governments will crush it. I am still thinking they are trying to buy far too much money is in adoption.

This is a game changer. You nailed it. Sadly I am thinking that it will be full of MySpace and AOL like cryptos. A lot will rise and many will fall.

 

[DEEZEDBRAH]

Nonsense gold is a tangible commodity , bitcoin is quasi asset at best

Both are touted as hedges against inflation problem is only one of them has a history to prove it

I don't disagree with you but which is holding strong against inflation? One isn't even keeping with inflation let alone a hedge. Wouldn't recommend sleeping on either.

 

[jaygreenb]

Agreed. I meant I preferred a gold backed currency vs paper fiat. I own some precious metals. It's something that I will be accumulating as well. I see the same with crypto. Unsure as to what is the best hedge with money printing. I think your own biz off the beaten path is a Excellent play particularly if digital. Real estate too but pending your location. Wouldn't buy in Australia. Not thrilled about many places including the UK or much of the western world. Bullish in crypto.

I'm grappling with the amount of surplus Micro FU fund. Rather more crypto but the government's have gone full retard the past few years. I feel bad for mom and pop shops.

I think it is smart to have a basket of assets that protect you as a hedge, there will most likely be different periods of time where they all perform well. If crypto goes really parabolic I will take profits into some mix of metals, RE, commodity plays. There is a farmland REIT I am looking at and some RE outside of western countries. Owning the right type of business is also good hedge, agree with that. You can always raise prices with inflation or take payment in another form of currency like crypto. Gives you options rather than taking a set wage. People who do not own assets and live check to check are going to get squeezed and the news is trying to tell the masses inflation is good now. Clown world.

 

[Bingo-Player]

I don't disagree with you but which is holding strong against inflation? One isn't even keeping with inflation let alone a hedge. Wouldn't recommend sleeping on either.

Gold is up around 7% in the last week , the markets have been sleeping on it because it's out of fashion

Crypto is in fashion and the easiest way for bitcoin spin doctors to warrant it's price is to say its a hedge against inflation

Is it really though ? i struggle to see how anything without a fixed economical demand can be a hedge

I ask again why do i need bitcoin ? , because some guy down the street has some and thinks its going to be the next big thing ? eh ? who cares its not going to keep me awake at night i can live my life exactly the same with or without bitcoin

Remember bitcoin has zero recognition in any first world financial or economical framework ......it's just kind of there with govs almost saying yea whatever we ain't taking responsibility if it goes tits up

 

[Who Dares Win]

Gold is up around 7% in the last week , the markets have been sleeping on it because it's out of fashion

Crypto is in fashion and the easiest way for bitcoin spin doctors to warrant it's price is to say its a hedge against inflation

Is it really though ? i struggle to see how anything without a fixed economical demand can be a hedge

I ask again why do i need bitcoin ? , because some guy down the street has some and thinks its going to be the next big thing ? eh ? who cares its not going to keep me awake at night i can live my life exactly the same with or without bitcoin

Remember bitcoin has zero recognition in any first world financial or economical framework ......it's just kind of there with govs almost saying yea whatever we ain't taking responsibility if it goes tits up

Canadian regulators earlier this year approved ETFs that hold bitcoin directly. The first one launched in February from Purpose Investments on the Toronto Stock Exchange.

https://finance.yahoo.com/news/amer...roakuIkorRBJHxiTp38PPNtMfVfTHma6Fr15r3isothhf

 

[BackInTheGame78]

Gold is up around 7% in the last week , the markets have been sleeping on it because it's out of fashion

Crypto is in fashion and the easiest way for bitcoin spin doctors to warrant it's price is to say its a hedge against inflation

Is it really though ? i struggle to see how anything without a fixed economical demand can be a hedge

I ask again why do i need bitcoin ? , because some guy down the street has some and thinks its going to be the next big thing ? eh ? who cares its not going to keep me awake at night i can live my life exactly the same with or without bitcoin

Remember bitcoin has zero recognition in any first world financial or economical framework ......it's just kind of there with govs almost saying yea whatever we ain't taking responsibility if it goes tits up

It's not fashion. It's changing the world. When people start seeing it for what it is, it's a lot easier to understand it.

 

[jaygreenb]

Gold is up around 7% in the last week , the markets have been sleeping on it because it's out of fashion

Crypto is in fashion and the easiest way for bitcoin spin doctors to warrant it's price is to say its a hedge against inflation

Is it really though ? i struggle to see how anything without a fixed economical demand can be a hedge

I ask again why do i need bitcoin ? , because some guy down the street has some and thinks its going to be the next big thing ? eh ? who cares its not going to keep me awake at night i can live my life exactly the same with or without bitcoin

Remember bitcoin has zero recognition in any first world financial or economical framework ......it's just kind of there with govs almost saying yea whatever we ain't taking responsibility if it goes tits up

It is not in fashion, it is the fastest growing and potentially most disruptive tech in history, even the internet. The reason to hold bitcoin is to be able to maintain or increase your purchasing power over time, maintain self custody/ soveirgnty in a completely decentralized asset that you can take anywhere. If you aren't concerned with that then yes, it is not for you.

 

[SargeMaximus]

Gold is up around 7% in the last week , the markets have been sleeping on it because it's out of fashion

Crypto is in fashion and the easiest way for bitcoin spin doctors to warrant it's price is to say its a hedge against inflation

Is it really though ? i struggle to see how anything without a fixed economical demand can be a hedge

I ask again why do i need bitcoin ? , because some guy down the street has some and thinks its going to be the next big thing ? eh ? who cares its not going to keep me awake at night i can live my life exactly the same with or without bitcoin

Remember bitcoin has zero recognition in any first world financial or economical framework ......it's just kind of there with govs almost saying yea whatever we ain't taking responsibility if it goes tits up

Main issues for me:

- the world hasn’t seen the kind of inflation that is coming

- Bitcoin dipped on inflation news while gold broke its multi year down trend

- Bitcoin has yet to outperform anything in an inflationary environment since it wasn’t around during heavy inflation. Saying bitcoin will be an inflation hedge not only ignores what it has done on bad news for the stock market but is also speculative at best

 

[jaygreenb]

Main issues for me:

- the world hasn’t seen the kind of inflation that is coming

- Bitcoin dipped on inflation news while gold broke its multi year down trend

- Bitcoin has yet to outperform anything in an inflationary environment since it wasn’t around during heavy inflation. Saying bitcoin will be an inflation hedge not only ignores what it has done on bad news for the stock market but is also speculative at best

Focusing on the wrong points, day to day price moves are irrelevant and there are too many variables, you have to look at the long term trends. If you really want to look at it, how has gold done in the past 18 months in the time of the greatest monetary expansion and political unrest, then compare to bitcoins performance. Your points don't even make sense. Ignore at your own peril, you either get it or you don't.

 

[SargeMaximus]

Focusing on the wrong points, day to day price moves are irrelevant and there are too many variables, you have to look at the long term trends. If you really want to look at it, how has gold done in the past 18 months in the time of the greatest monetary expansion and political unrest, then compare to bitcoins performance. Your points don't even make sense. Ignore at your own peril, you either get it or you don't.

Ironically it IS the long term I am looking at. 1970’s inflation and gold action come to mind

 

[jaygreenb]

According to your previous points you do not. Inflation does not only exist on the day manipulated CPI numbers are published. It happens in vectors and typically shows up in financial assets first then consumables. Your previous points were incorrect and you did not address anything I said. Sitting in only gold and not bitcoin over the next decade carries a lot of risk. Have at it if you want but this isn't an exact repeat of the 70s, some aspects relate but there are also similarities to many other periods in time.

 

[SargeMaximus]

According to your previous points you do not. Inflation does not only exist on the day manipulated CPI numbers are published. It happens in vectors and typically shows up in financial assets first then consumables. Your previous points were incorrect and you did not address anything I said. Sitting in only gold and not bitcoin over the next decade carries a lot of risk. Have at it if you want but this isn't an exact repeat of the 70s, some aspects relate but there are also similarities to many other periods in time.

Consumables are inflated what are you smoking? Not to mention energy companies like SM energy doing over 1000% the last 12 months.
Things are shifting.

 

[jaygreenb]

Consumables are inflated what are you smoking? Not to mention energy companies like SM energy doing over 1000% the last 12 months.
Things are shifting.

Really not sure what point you are trying to make, it is incoherent. Yes, everything is going up but inflation showed up first in financial assets, not really debatable. It will continue in most parts of the economy

 

[SargeMaximus]

Really not sure what point you are trying to make, it is incoherent. Yes, everything is going up but inflation showed up first in financial assets, not really debatable. It will continue in most parts of the economy

What I’m saying is that inflation is ramping up and bitcoin hasn’t been outperforming the oil company I mentioned. Oil is typically a good inflation hedge isn’t it? Shouldn’t bitcoin outperform oil going forward?

 

[jaygreenb]

What I’m saying is that inflation is ramping up and bitcoin hasn’t been outperforming the oil company I mentioned. Oil is typically a good inflation hedge isn’t it? Shouldn’t bitcoin outperform oil going forward?

No, that's not how markets work at all, there are many variables at play. Comparing a particular oil company to bitcoin in a short period of time is completely absurd. Wish you well though, good luck