CRYPTOS IN FREE FALL
YIKES :
Apparently Russia became the latest Nation to Outlaw Crypto .
This is SERIOUS “Wealth” Destruction Going on Here.
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this is what happens when the majority of the twitter geniuses trade via the cell phone screen
I wonder if anyone ever really “cashes” out of Bitcoin
Easy Come Easy Gone
Painful for sure, but if you bought a year ago or more, you are still in the black. Wish we could say the same about gold.
Just about EVERYONE who bought Phys Gold EVER is in the Black
It was $35 in 50 years ago Now $1850
Only 10% off the 2020 high
PM Stocks suck but PHYS GOLD is Infinately better that The fakest of fake “store of wealth”….Crypto
Bitcoin and Etherium are about 50% off their tops in 3 months
Not saying it doesn’t hurt to lose 50% in 2 months.
But ETH still up 12 to 15 times from 2 yesrs ago,
BTC still up three or fourfold from 2 years ago,
My portfolio still up 10 times from 2 years ago,
And that after having lost half of the value !!
Crypto people do cash out sometimes (paid two cars,
One year’s taxes and 20 ouces of gold !!
After several years you guys have still not realized that crypto is SOUND MONEY !!
Great job Sir Danger ! Hopefully next time gold rockets up I will be wise with the profits too.
Sir KenS,
Why compare a year ago? Why not just 72 days ago?
Your post made me go to the top ten posts I reread and reread over and over again.
“One needs to have confidence in the precious metals bull in order to play it right. If you do not have that, you risk messing things up. And confidence comes from knowing the macro fundamentals and from understanding the price movements.”
So trying to understand your “wish we could” statement: which side are you on?
Cheers,
GL
Diamond hands”’ remember
Hello,
Sorry for the long radio silence, have been excessively busy, but I have been reading daily here.
I have initiated a position in BITO deep in the money 2023 call option (to get some leverage and protect against downside and reduce the premium over the strike price), and some of ETHE.
In the Blockchain world, Ethereum is a workhorse and already being used in many production applications, and is one of the big infrastructures of NFTs and other things. I think there is value, but not sure how to price it..
If I remember you correctly from before, you have unique charts. ?
Yes.. AI based on what it learned from price action and tech analysis.. I’ll share some over the weekend.
I am of the opinion that Bitcoin is going south of 20,000 … with a potential $15,000 bottom.
My guess is that the margin calls start coming in as the NASDAQ / S&P nose-dives the liquidity will dry up real quick.
Crypto is hugely driven by margin money.
2023 is my guess for a bottom and the time to buy Crypto as a speculation.
It acts more like a high tech than eGold, IMHO.
The next halving is in early 2024.
That will give the Cryptos a lift to all time highs.
At least that is what my Gypsy fortune teller is telling me 🙂