The bitcoin bear run. It must be discussed.
My take is that the fiat based debt-backed Ponzi scheme is running out of buyers.
Truly brutal.
We had bitcoin which is perfectly capable of being sound money and offering protection from counterparty risk.
Then we had instructional and governmental capture of bitcoin.
We had precious metals, which rallied massively and still have a lot of unanswered questions.
Next, we had AI. Which is not AI, a marvellous technology but not AI. Capital flowed into that but is already looking challenging.
Now, we have space exploration and space X for example. Which is going to be another huge diversion of capital. The early institutions will make another killing where regular investors and pension funds will end up being the bag holders.
The reality is that many cryptocurrencies have to survive, and will flourish.
Our personal approach is, not advice;
- Swing Trade using our software, manually is okay for less capability
- Don't throw fiat into a falling asset. In our opinion, using cash to buy cryptocurrency is a mistake unless you want an initial stake
- Don't dollar cost average in, you just don't know how low crypto will go
- Accumulate precious metals but consider swing trading inside tax free paper, exchanging for physical
This will be brutal.
My take is that the fiat based debt-backed Ponzi scheme is running out of buyers.
Truly brutal.
We had bitcoin which is perfectly capable of being sound money and offering protection from counterparty risk.
Then we had instructional and governmental capture of bitcoin.
We had precious metals, which rallied massively and still have a lot of unanswered questions.
Next, we had AI. Which is not AI, a marvellous technology but not AI. Capital flowed into that but is already looking challenging.
Now, we have space exploration and space X for example. Which is going to be another huge diversion of capital. The early institutions will make another killing where regular investors and pension funds will end up being the bag holders.
The reality is that many cryptocurrencies have to survive, and will flourish.
Our personal approach is, not advice;
- Swing Trade using our software, manually is okay for less capability
- Don't throw fiat into a falling asset. In our opinion, using cash to buy cryptocurrency is a mistake unless you want an initial stake
- Don't dollar cost average in, you just don't know how low crypto will go
- Accumulate precious metals but consider swing trading inside tax free paper, exchanging for physical
This will be brutal.