EU agrees to tame 'Wild West' with new crypto market rules

[The_Krakenite]

Why tie up your capital for a couple years if you don't have to?

You are making the assumption that you can time the future of markets just like Pelosi. Unfortunately, the 99.9999% of us who can't front-run or insider-trade like politicians don't have this ability.

In any case, I'm not suggesting an all-in bet on anything. It's asymmetrical. So you put 2-7% in crypto, and the rest in stuff like equities that are going on fire-sales.

There is plenty of shit burning right now world-wide, and the smoke is going to get thicker over time unless the Fed does another 180. And if it does, crypto will most likely catapult.

 

[deaddog]

You are making the assumption that you can time the future of markets just like Pelosi. Unfortunately, the 99.9999% of us who can't front-run or insider-trade like politicians don't have this ability.

In any case, I'm not suggesting an all-in bet on anything. It's asymmetrical. So you put 2-7% in crypto, and the rest in stuff like equities that are going on fire-sales.

There is plenty of shit burning right now world-wide, and the smoke is going to get thicker over time unless the Fed does another 180. And if it does, crypto will most likely catapult.

Have you asked yourself what the downside of being in cash until the market turns around is?

I'm not assuming I can pick bottoms ot tops but I can ride trends. Want to know which way the market is going? Draw a line chart and ask a six year old.

Deaddog strategy. Buy stuff that's going up. If it stops going up sell it. Don't hold anything in your portfolio that is underwater. Look at your portfolio and tell me how you would have done if you followed this strategy.

The only control you have over the market is when you buy and sell. If you are losing it's no ones fault but yours. Old Wall Street axiom. "Don't fight the Fed"

 

[nooby_mcnoob]

I took a shot when it broke trend at 48k but took a quick loss. Still waiting for it to stop going down. Why tie up your capital for a couple years if you don't have to?

wisdom

 

[guest_trader_1]

Thanks Captain Obvious. Yes, companies are doing bust, blue chip companies are going bust. But what won't go bust are the too big too-big-to-fail types because our tax-payers money is going to make sure they stay afloat.

We have a recession (possible depression 2.0) we are falling into, and the whole word is being sucked into it. So you'd better fucking bet we are going to see even more companies falling like dominoes, particularly since the governments promised free money until 2024 and then did a 180 turn-around just as everyone leveraged up debt. Now they are caught in rising rates that are crushing them at the worst possible of times.

So what is it you are trying to say here that we don't already know? By the way, crypto has been around long, long, long before 'Grayscale' or MSTR got into it. You are mistaken if you think THEY kept it afloat. That's like saying Goldman S. is what kept gold alive for thousands of years.

I can see that I hit a neve there. Calling names and repeating my argument shows that you don't have much to say apart from being angry.

 

[The_Krakenite]

"Don't fight the Fed"

Yes, this is wise words to live by.


Back to your idea of staying out and waiting for a definite rise in a market; the risk here isn't just that market-timing is next to impossible, but that you will likely fall victim to the Achilles heel of market timers. I shouldn't have to re-post the old facts, but history has shown time and time again in the markets, that the BIGGEST gains in the markets are due to just a VERY FEW of the trading days. Just missing a few days will cost you greatly in the returns.

That said, if you still have strong conviction the market has to go down further, then I won't complain. I'm happy on catching a few knives down, rather than chasing a missed opportunity.

Dr. Burry expects much more pain to go, and his prior history tracking in this shows him to be correct. But some of my value stocks I'm not sure can be depressed to even lower PEs when they are already at the bottom of the initial covid fire-sale prices.

 

[Tokenz]

You've made a profit. How do you do that if you are a long term investor with diamond hands?

Without getting too personal can you give us an example of a profit you made this year?

We're talking about your comment bud. You said junk that I've already made a profit from and more junk laying around or something like that. You're the one that said it, not me...

And no, because all my profits were made last year, (late December to be exact) and this year I have bought more. So no, you can't see profits for this year because I haven't sold yet. Sorry bud...

 

[deaddog]

Yes, this is wise words to live by.


Back to your idea of staying out and waiting for a definite rise in a market; the risk here isn't just that market-timing is next to impossible, but that you will likely fall victim to the Achilles heel of market timers. I shouldn't have to re-post the old facts, but history has shown time and time again in the markets, that the BIGGEST gains in the markets are due to just a VERY FEW of the trading days. Just missing a few days will cost you greatly in the returns.

Now if you complete that research you'll find that being out of the market the worst days would have increased your gains significantly. You actually gain more by being out of the market.

It's the same as hoping for a stock to recover. If you're down 10% you only have to gain 11% to recover. But if you are down 50% you now have to gain 100% to recover.

I would suggest you draw a chart of your portfolio balance and see how it is moving. As I've said before I'd rather be in cash watching the market go up than be in the market watching it go down.

You'll probably be fine. Sounds like you've got years ahead of you.

 

[deaddog]

We're talking about your comment bud. .

Sorry for the misunderstanding; When you said

I sure do especially since I've already made a profit on it.

I mistakenly assumed you were referring to yourself.

Sorry you haven't made any profit this year.

 

[Tokenz]

Sorry for the misunderstanding; When you said I mistakenly assumed you were referring to yourself.

Sorry you haven't made any profit this year.

No I am sorry, because in the future when my millions roll in you will still be trying to trade for a living, and I will have already made my living.

 

[johnarb]

I sure do especially since I've already made a profit on it. It means more profits for the future. Pass that junk this way.

For example, If you make $2M and cashed out $1M and left the other $1M in profits and now you've lost over 60% value on that remaining $1M, you're a loser according to these fucking asshole cucks

It's called gaslighting