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anything crypto related will end up in the same way, this is my point. the next big dump of btc will begin soon. anything related to it, miners and exchange will follow. BTC might take a bit longer because it is the king of nothingness
coinbase customers are suing because instead of becoming billionaires the "stable coins" have proved indeed to be anything but stable. now they are suing for the millions of that fiat currency that they all despised, the usd. lol. you couldnt make this stuff up. The lawsuits will be innumerable as the hopes of becoming billionaires are dashed. coinbase will likely file for bankruptcy and they will get zero.
the thing is with the coins there are no covered shorts like in a normal market. ie there are no buyers waiting so when they fall they fall in a vacuum. imagine being a luna hodler today
walshe investing involves also being patient. the gold price should not be where it is. the market is expecting a lower gold price in the near term. but you need it to give a bit more time. hold it for at least 5 years or wait for a breakout of the POG which will happen. gold is way underpriced
in gold miners is likely mostly due to the fact that central banks fabricate lies which the market still amazingly believe. inflation will become rampant and the gold price will eventually shoot up. thats why im hunting for good cheap gold miners. i never thought they would fall this low. cey seems especially undervalued.
when bond yields rise to 5% and then 6% then 7%. imagine all those holding those buy to let flats at massively inflated prices. they are going to be punished in such a way. unless of course they print more money. which in turn will increase inflation further. funny how they expected an inflation peak. also funny how the media reports to be "surprised" that uk gdp is lower than forecast. i was actually expecting a negative number
thank you. yes they have cratered not sure why that is. since gold price is actually holding up. but in CEY are there any imminent cash calls on the horizons? sometimes companies are well capitalised but bad management decisions can quickly end up with equity raises. i will of course take a look at all financial reports. i quite like to ask here for a first impression so to speak.
you can think what you like. i knew BTC would collapse and i actually think eventually it is going to zero. i cant put a timeframe to it. but it is going back to its intrinsic value which to me is a zero. the blockchain technology is here to stay but that is comparable to other software uses. so whichever company is able to innovate in blockchain will win in the longterm.
argo, you are wrong. a house provides with you with shelter a basic human need, its a physical asset that cant be compared to something like BTC. gold is a unique metal that cant be destroyed and has important qualities as electricity conductor, used in dentistry etc. other metals have other characteristics and uses. what are the uses of btc? the only "good" use of btc is for speculation.
i have 3 friends who invested every penny they had in BTC and crypto stocks including ARB. and now they text me in desperation. a few months ago they were making fun of me and they called me a boomer for not adopting this incredible innovation that is cryptocurrency. one of them had made a fortune on ARB and sold at £3 +. he then poured the proceeds on other coins. at the time i had told him to pay off his mortgage. which of course he didnt. this is how i got interested in ARB.
argo, its really nothing about that. i just never understood how a useless token could be worth 70K. simple logic. tech companies albeit grossly overvalued at least produce something that people need to use. but a digital coin ? lol.
thats what the ft has to say about el salvador. everup. i think the FT is likely smarter and you ?
https://www.ft.com/content/0da21b10-bfff-4efc-9c7c-1711bdba34aa