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something something kermit something something
I'm pretty sure its a good time to have at least a little bit of your $ in bitcoin and its related stocks. Seems it may be about to run a lot higher.
I made the decision a while back to always own some btc. Not a lot, just some. Does anyone have similar things they hold that they've decided to hold onto for the long term? Sanlmar recently said something to the effect of assets melting up but also there being a housing crisis to make 2007 look like child's play.
So if housing is headed for crash worse than 2007 then which assets are most likely to melt up?
Quote:
Originally Posted by country978
What I said was the upcoming debt crisis will make the housing crisis look like child’s play.
Assets got lit by endless quantitative easing following 2007. There will be a similar melt up which seems paradoxical doomer talk. Flood of endless fiat.
I remarked that just as the plebs rose up in anger after 2007 and populism became the fashion - similarly there will be a social consequence to the debt crisis but it will be orders of magnitude uglier and more consequential.
The desire to tax asset gains is already brewing. This is a consequence that is here now. It’s just rhetoric but it plays to the crowd. Accept it as a data point in my thesis. We are instructed to own gold and take possession outside the US to guard against the asset tax.
Always own land. It’s a generational thing. It has been true as long as man has walked on two legs. Covid was a generational opportunity. I was listening to my kid process the fact that she can’t move. The Zappos graduate has no sense of history but she can process the value of a 2% mortgage as a work from home kid. She desperately misses family and New England. She has been working here with us this past week. Lotta real estate talk between her and my wife who also wants to try something new. You really can’t. Not until some black swan that will no doubt come.
Companies that build weapons has been an American thing for our generation
Bitcoin is an asset too. Trump likes stable coins? Is that a response to CBDC’s? He’s all talk and I have not bothered. Larry Fink will tell Trump what he can do. Just as Goldman’s Manuchin did. Harris vs Trump is a CBDC vote
Thank you for the clarification. I hate always hoping that somehow you could be wrong.Quote:
Originally Posted by SanlmarQuote:
Originally Posted by country978
What I said was the upcoming debt crisis will make the housing crisis look like child’s play.
Assets got lit by endless quantitative easing following 2007. There will be a similar melt up which seems paradoxical doomer talk. Flood of endless fiat.
I remarked that just as the plebs rose up in anger after 2007 and populism became the fashion - similarly there will be a social consequence to the debt crisis but it will be orders of magnitude uglier and more consequential.
The desire to tax asset gains is already brewing. This is a consequence that is here now. It’s just rhetoric but it plays to the crowd. Accept it as a data point in my thesis. We are instructed to own gold and take possession outside the US to guard against the asset tax.
Always own land. It’s a generational thing. It has been true as long as man has walked on two legs. Covid was a generational opportunity. I was listening to my kid honbought then process the fact that she can’t move. The Zappos graduate has no sense of history but she can process the value of a 2% mortgage as a work from home kid. She desperately misses family and New England. She has been working here with us this past week. Lotta real estate talk between her and my wife who also wants to try something new. You really can’t. Not until some black swan that will no doubt come.
Companies that build weapons has been an American thing for our generation
Bitcoin is an asset too. Trump likes stable coins? Is that a response to CBDC’s? He’s all talk and I have t bothered. Harris vs Trump is a CBDC vote
Study up on Modern Monetary Theory. Watch some videos. This is your only out if you are hoping I’m wrong.Quote:
Originally Posted by country978
I think Daly is a MMT fan despite being a Bitcoiner. Always wondered how he managed that. That will likely result in a brain injury. I think this is what happened to Brett Favre.
Kidding aside, I wish you continued good health.
Well, I don't always hope you're wrong. You know bad things are coming and I do too. In that sense I just hope we're both wrong.Quote:
Originally Posted by SanlmarStudy up on Modern Monetary Theory. Watch some videos. This is your only out if you are hoping I’m wrong.Quote:
Originally Posted by country978
I think Daly is a MMT fan despite being a Bitcoiner. Always wondered how he managed that. That will likely result in a brain injury. I think this is what happened to Brett Favre.
Kidding aside, I wish you continued good health.
Thank you for wishing me good health. I wish the same for you and those you love. I've been doing pretty good since late '21. I don't expect to see 100 but for the time being I've not a complaint.
Quote:
Originally Posted by SanlmarStudy up on Modern Monetary Theory. Watch some videos. This is your only out if you are hoping I’m wrong.Quote:
Originally Posted by country978
I think Daly is a MMT fan despite being a Bitcoiner. Always wondered how he managed that. That will likely result in a brain injury. I think this is what happened to Brett Favre.
Kidding aside, I wish you continued good health.
Im not “a fan” but i acknowledge MMt existence.
2008 was the most important moment of our collective financial lives. We either went the MMT way and printed our way out or we let the whole thing crash and burn and reset it all.
We would have been much much much better off today if we let the whole thing crash and burn. I dont think thats a statement that can even be argued. Who is to say what a gallon of gas would cost or what our debit figure would be or even how it would have impacted brexit and other important events.
But…….. the years following 2008 if we said fuck it let them burn Would have put Oct of 29 to shame
New ATH today or tomorrow?
Also, tellafriend, are you in the profit taking mode on cava? Its up over 50% since you recommended.
taking profits today, i would think there is a good dip over the next 5 days as the sell offs are also taking profits, US economy is all lies and pumped up by printing money,
took a lot of profits on gold today too , btc and gold seem to correlate, been stair stepping my positions... first in and first out... it's kinda fun...
https://www.thegamer.com/mrbeast-inv...sider-trading/
Always thought there was something shady about Mr. Beast
Dude ruined a great thing. There's only so many scandals he can fade before people are tired of him.Quote:
Originally Posted by RichardBrodiesCombover.
He had a massive social meida & YouTube empire at a very young age. He even was getting good press because of all of his random, self-directed philanthropic efforts.
Why risk fucking this up by messing with shitcoins and stamping your name on lousy products?
He should have had advisers just telling him to stay the course, and to pass up on anything out of his control which could come back on him.
The only thing not really his fault is his co-host/friend who first became trans, and then turned out to be a pedo. That was a really tough spot. He can't just fire the dude because he decides he's a woman. That would look awful to his young audience. So he was forced to be supportive, and then it turned out that, surprise surprise, the friend's trans thing was just a symptom of a greater issue.
Bitcoin up $4,000-ish.
I haven't been following but I wonder how much of that jump was after Ohio Senate was called for Moreno.
I suspect he's going to be the one leading the charge against Gensler.
$100,000 is a lock before year end. MSTR will be near $500
Quote:
Originally Posted by sonatine
Update?
Only 500?Quote:
Originally Posted by Small_Banana
That said even if btc hits 110 mtsr is way way way over valued shorts are piling in now
I had a young dude I know tell me to buy XRP like a month ago. I see since its went from like .50 to 1.12. I just ignored him as he told me other shit in the past where he seemed to fall for a temporary pump and dump. He was talking about a court case being settled, which I can find a little on, but then also Elon related talk about something or other.
Is there some rationale for why people are buying ripple? I mean it shot up on election day, but so did everything else. Does anyone know specifically of a connection between XRP and Elon? All my reading says Elon has spoken well of XRP and talked more broadly about crypto being incorporated into banking. I keep seeing talk of Elon offering $25 billion to buy ripple labs but all I can find is cryto bros referencing it, but not actual proof. Articles like below.
I see this https://www.thecryptoalert.com/post/...s-xrp-holdings
I see talk of whales holding and acquiring more xrp.
I am just wondering if anyone is throwing $10k at it just for a wtf investment as it's so cheap? The problem for me is it would need a market cap like BTC to hit $100 and that feels like it's not likely happening in my lifetime but wtf do I know?
MSTR down about 60 points since you posted this while BTC has gone up. Could you let us know when the shorts are ready to cover?Quote:
Originally Posted by DalyOnly 500?Quote:
Originally Posted by Small_Banana
That said even if btc hits 110 mtsr is way way way over valued shorts are piling in now
Quote:
Originally Posted by country978MSTR down about 60 points since you posted this while BTC has gone up. Could you let us know when the shorts are ready to cover?Quote:
Originally Posted by Daly
do you guys simply have no idea where to even look for actual news?
citron is short mstr, they went public with the report today.
This morning I was reading threads and watching the open on CNBC. Tgull posted Gaetz dropped out at 9:30. CNBC didn't report it until 9:33. hadn't been looking for news on MSTR but I did peek at the stock after the post on it and wished I'd bought a put or 2 thanks to Daly.Quote:
Originally Posted by sonatineQuote:
Originally Posted by country978
do you guys simply have no idea where to even look for actual news?
citron is short mstr, they went public with the report today.
Quote:
Originally Posted by country978This morning I was reading threads and watching the open on CNBC. Tgull posted Gaetz dropped out at 9:30. CNBC didn't report it until 9:33. hadn't been looking for news on MSTR but I did peek at the stock after the post on it and wished I'd bought a put or 2 thanks to Daly.Quote:
Originally Posted by sonatine
PFA is a odd place in general. There are some pearls of wisdom if you know where to look.
https://x.com/rev_cap/status/1859747098687832472
here it comes...
What could go wrong?Quote:
Originally Posted by sonatine
1. Buy a shit load of bitcoins
2. set the printer on high
....
profit
All asset classes are moving up seemingly beyond reason
This is different than bubbles like we had with dot.com, real estate, crypto, meme stocks etc. This is a melt up as capital “front runs” inflation
Everything is mooning.
I have always been a devout inflation guy since the Pandemic. I talked about ‘70’s/80’s redux. We have had our inflation deniers here on PFA. Pat them on their head and wish them well
When everything is a bubble there is no bubble.
- Dash “The Incredibles”
This is not a good thing
https://youtu.be/A8I9pYCl9AQ?feature=shared
so this has went up like 25% since i made this post 12 hours ago? tripled in less than a month? lol cryptoQuote:
Originally Posted by BCR
did you throw the 10k at it?Quote:
Originally Posted by BCRso this has went up like 25% since i made this post 12 hours ago? tripled in less than a month? lol cryptoQuote:
Originally Posted by BCR
No. I said is anyone doing this. There are a lot of crypto holders here. I don’t even have an active exchange to use right now. I don’t know which to use. To be honest, that was the point of my question. Was it worth the hassle to set up an account again? I haven’t bought crypto since that period when I’d go to deposit $500 on a poker site and the fees would be $100. I didn’t know it was going to shoot up that much in a day after years of stagnancy.Quote:
Originally Posted by country978did you throw the 10k at it?Quote:
Originally Posted by BCR
cool congrats to everyone who hodl'd their way to 9.8% profit this week on btc.
i turned $1800 in prop accounts into $44,300 scalping nasdaq futures in the last 6 days but you do you.
I think anyone who owns crypto would say its worthwhile to have an account. I did look at this when you mentioned it but I've not done well in the past when speculating on anything but btc so I don't even bother with it. I've had an account on Coinbase since 2020. If you're looking for them to help you with anything, forget about it, but you can reliably assume your funds will be safe.Quote:
Originally Posted by BCRNo. I said is anyone doing this. There are a lot of crypto holders here. I don’t even have an active exchange to use right now. I don’t know which to use. To be honest, that was the point of my question. Was it worth the hassle to set up an account again? I haven’t bought crypto since that period when I’d go to deposit $500 on a poker site and the fees would be $100. I didn’t know it was going to shoot up that much in a day after years of stagnancy.Quote:
Originally Posted by country978
You can also buy the etfs in an ira.
Also, holy shit sonatine! That's some week you had. Never in my life did I have a windfall like that.
its really not that exotic, the point of prop firms is margin/leverage. once you understand the nuances of auction theory the rest is just a matter of emotional control and a bit of luck.
Quote:
Originally Posted by country978I think anyone who owns crypto would say its worthwhile to have an account. I did look at this when you mentioned it but I've not done well in the past when speculating on anything but btc so I don't even bother with it. I've had an account on Coinbase since 2020. If you're looking for them to help you with anything, forget about it, but you can reliably assume your funds will be safe.Quote:
Originally Posted by BCR
You can also buy the etfs in an ira.
Also, holy shit sonatine! That's some week you had. Never in my life did I have a windfall like that.
I don’t follow anything crypto beyond this thread. I was just looking at insight into whether this news was reaching anyone else’s ears and if there was anything to it or it was some pump and dump or if you could hold it. When young people all start buzzing, it’s hard for me to tell. And since I won’t know the time to dump it not being in that world, I was interested if anyone heard of some fundamental reason to buy and hold. Even this upward move doesn’t mean shit unless you bought it and flipped it.
Are you doing this well? I read some of your early stuff and realized I’d need to study for a few months to even understand exactly what you’re doing. And technically my undergrad is in Econ which is quite laughable. I can’t even recall what we studied beyond theory. Nothing practical. I was the early 90s version of the modern liberal arts degree, except it only cost me $675/quarter to go to Ohio State.Quote:
Originally Posted by sonatine