35-40 or 50 wont really matter over the long term imo
BTC ETF
- Thread starter 3ml
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Imo being an election year they'll do everything to keep the market up because it looks good. I wouldn't worry about these pull backs or concern my self with technical analysis for BTC unless you are actively trading it.
All good points to the prev three who replied to me. And likely very correct. Over the longer term, which with the point of this thread being the ETF, these fluctuations won't matter.
I don't personally think 35 either but you def never know with BTC.
I am doing some active trading with it lately, but not too much, not with too much money. Just a small percentage of what I have in total so I guess I do notice some of these small details more these days lol.
I don't personally think 35 either but you def never know with BTC.
I am doing some active trading with it lately, but not too much, not with too much money. Just a small percentage of what I have in total so I guess I do notice some of these small details more these days lol.
You're right, who knows? I was pretty certain it would be a sell the news moment which it was but a 9% drop or whatever it was hardly a pull back. So I'm sure people on both ends of the trade got really mixed up there. Still i rather not play dice with my crypto.
This market continues to defy gravity all while there is so much wrong. It's going to be a very interesting year i think.
If you look at the net inflows of the ETFs it's staggering. This is just the start.
If 6% a year excites someone then stick with traditional stuff. I have increased my net worth by 6 figures in under 2 weeks. It's not for the faint of heart but it can be life changing if you do it right.
Once they fire up the printer, look out...we are gonna have an everything bubble that will pop eventually. Hopefully a guy can time it well.
I agree. If you can get out at the right time then you will be ok. So many others will be in ruins. 2008 housing crisis will look like a walk in the park
imo there exists a scenario where people would sell, then go back into the dollar but then have no access to their money. In a full blown liquidity crisis people are going to lose their minds. A cyber attack blamed on Iran or Russia has been on my radar for a few years now. A little bit out there, but a possibility nonetheless. Plus they need some sort of false flag event to trigger the need for their CDBC solution. They want people trapped in the dollar for sure.
So in my mind I'd almost want to take profit and immediately buy something with it, just get out of the dollar. I'm totally debt free so that leaves me with a lot of flexibility here.
So in general you folks are saying that this BTC climb is fuelled by things in the world economy that are gonna hurt the world longer term. But no one seems to want or can stop it? When it gets to a critical point they will blame someone else somehow or redirect us to a solution they tell us will get us out of this new problem. The solution likely again being bad for us the little people? Am I kinda following so far?
Are we saying that we think BTC will collapse in a year or two or the US dollar will at some point?
Are we saying that we think BTC will collapse in a year or two or the US dollar will at some point?
There's a lot to unpack here.
Stock markets, crypto, practically everything is fueled by primarily one thing. Central banks flooding the world with their currencies (primarily the federal reserve).
What you've just outlined is exactly how they handle every crisis. Problem, reaction, solution. Carefully engineered. Their solutions rarely benefit the little guy, which is by design.
I'm not sure the future of Bitcoin, personally i dont see one. That being said it doesn't mean i cant profit off of it. As for the dollar? BRICS continues to get stronger. The US will eventually lose it's reserve currency status and possibly even be revalued. This may take a few years to happen. They wont give up without a fight and until it does, the dollar will still remain the prettiest belle at the ball.
Please take any predictions or analysis with a grain of salt. What I've outlined are my thoughts on how things may play out.
I completely agree they are going to ruin the dollar at some point. There will be an "event" to blame. Of course they will be there to rescue everyone with CBDCs
So what do you do?
It's a tough question. In my mind BTC is the hardest asset there is, until they want to destroy it.
In my opinion, it's best to get atleast some of the windfall of profits into dollars and into other hard assets. Gold, silver, real estate, maybe a luxury watch even. I will keep some btc, even if I sell some off I will always hold a min of 2.1 BTC ( 1 in a million theory) I believe the most important thing you can do though is try to get out of this hell hole. Have atleast one more country you can go to. Have some currency and assets there. CBDCs and control are coming for everyone eventually. At my stage in life I only have to dodge the Bullet 2 or 3 more decades and if I'm not dead by then, I really won't care anyway because I'll be at the end of the road.
Im already mostly out of the dollar, whatever cash me and my wife have that isnt needed for bills is out of the bank. The rest is in precious metals, crypto, some stocks, 1 classic car and a bunch of other small things. Real estate not yet, and I rather not go into debt to do so right now. I'd rather be debt free and have the money to buy what i want when theres blood in the streets. Plus i hate paying banks interest lol. Being debt free gives me way to much of an edge, especially to take on more risk.
I've already consolidated my crypto to the ones i want to keep long term and I have some coins i will sell purely for profit, plan is to throw the lion's share into my brokerage account and buy whats on sale, mostly dividend paying ETFs. I've been transitioning to full time day trading so the rest will go towards that.
Now a place to live. Man, thats been on my mind for a while. This country scares me to be honest, in some way it always has. My family has some land in Jamaica, so that might be an option, I have no idea yet.
i see the idea with this, but if no one has money, there would be no one to buy your metals etc. right?
US has started the ruin of the dollar once they used it as leverage during the war with Russia.
Now every country has to think, what if I piss off the USA? Will they freeze my ability to purchase or sell things.
I bet in another decade we will see a complete split in currencies. The dollar will have lost it strength.
There will always have a means to pay, I dont think we're going to some barter system or anything. Plus the big boys always have money.
Anyhow the idea behind being out of the dollar and into hard assets is to preserve wealth. It's not necessarily to capitalize on them.