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The trend has been down for crypto (like the regular market) since December at least. What I'm suggesting is that there's a lot more buying of crypto than selling over the last few days. Make of it what you will. Compare the charts for the last five days of ETH to something like ARKK. In...

Doge is down less than most alts on the week. It got a shot in the arm just prior to the downturn from musks Twitter announcement

Shit like this is why I'm still at 90% cash with my IRA. Signs of a very unhealthy economy

Lots of green candles for crypto after market hours. Part of me wonders if we are seeing whales dumping stocks during market hours and accumulating crypto after hours.

That sounds right. I think February is when I really started to realize we weren't in a downturn or a pullback. I honestly had a bad feeling even before that though. Like I said in the other thread, that's why I've been 90% cash with my IRA since the end of last year

I didn't go back and parse out the exact day lol but if you say so, I'll take your word for it. Point being, it's been long over.

Well, there have been plenty of bear markets before. Where do people usually put their money in a bear Market? If I'm reading you right, you are suggesting that this bear Market is a little bit different because inflation is so high and bonds are so low, therefore the usual refuges aren't there...

It has been over over. They don't send out announcements when a bull run ends. At some point you look back and realize that a long correction or pull back isn't actually a correction or a pullback. It was the end of the run. I have no idea how long it's going to last. But it's over.

Bull run has been over since Feb bro. Actually it's really been over since December

Anone who said that was an idiot. That is certainly the goal, but we haven't gotten there yet. To this point it's never been anything other than a speculative investment Getting a little crypto rebound now though. It's interesting to me to speculate what a shift to an untethered crypto market...

You should. There are already several similar things out there from people who suck at giving advice. Might as well make one that's worthwhile.

Yeah, I'll be buying alongside you.

From an investment standpoint? Absolutely dumb. But Saylor is more than an investor. Saylor is essentially the "ambassador of Bitcoin." He's a true believer (maybe THE true believer). The way he makes his BTC purchases is meant to convey a message as much as it's meant as an investment...

https://www.google.com/amp/s/fortune.com/2022/05/04/michael-saylor-microstrategy-margin-call-bitcoin/amp/ Something to think about

What? lol? Didn't he just say he wouldn't buy all the crypto in the world for $25. Lol. All those dudes are so full of shit.

Crypto dropping off a cliff

You think there's no other place for money to go, other than tech/growth stocks? Not doubting you, just asking.

I'm a simple dude, so I will probably just wait until we get a sustained upward trend of several weeks and the news starts to look a bit better. Will I miss the absolute bottom? Yep. Will I still avoid a substantial portion of the losses from the bear market? Probably. I paid a lot in...

And right before the midterms.

I wish I could claim I had some great insight that made me go 90% liquid at the beginning of the year, but it was dumb luck for me. I happened to move my TSP over to a Fidelity IRA and had to go cash to do that. I was supposed to buy back in immediately, but something made me hold off. I was...

Yeah that IS the million dollar question. Short answer is I don't know. @Blazin 's bear scenario seems like a good starting point. I'm not going to try and catch the absolute bottom, so I can afford to be pretty patient. I feel like I at least need to see some light at the end of the tunnel...

I dunno, I'm no expert, and I know conventional wisdom is going to cash is a bad idea, but I went 90% cash at the beginning of this year and honestly I don't regret it. My portfolio is certainly higher than it would be had I left it in

Preservation of capital has been the name of the game for me since late last year, and luckily it's served me very well. If I had been trying to actively make money in that time I would be down quite a bit.

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1. Scarcity is required for value. If there was an unlimited supply of Dogecoins and anyone could have as many as they wanted, they would be meaningless. 2. Value is required for collateral. If you don't value an item you are risking as collateral, there is no risk and no value, and the item...

I'm enthused to see my investments looking like they are going to come to fruition. I say "looking like" because we definitely aren't there yet. I'm not an activist investor and I don't invest with emotion, so you shouldn't really read much about my political or philosophical ideals through my...

Right. Fundamentally sound base but it needed network upgrades (from what I understand) and both Musk and Vitalik have helped with that. https://www.binance.com/en/news/top/6657179

Exactly. By all rights Doge *should* be a shit coin. Hell, it was designed as a joke. That said, if enough powerful people with enough resources and ability decide they want to make it into something other than a shitcoin, they can do that.

It's a suggestion to try and do exactly what I posted about previously: use a cryptocurrency as an authenticator and a token system for both payments and voting. If it actually got implemented for Twitter it would be a huge step towards Web3. Who knows if it would actually get implemented...

https://www.benzinga.com/markets/cryptocurrency/22/05/26921753/musk-believes-dogecoin-could-solve-twitters-spam-bot-problem

Good for him for acknowledging it.

Did Jeff also explain that part of the reason Vanguard failed is because he spent pretty much all day, every day in the office playing WoW?

Didn't realize that about the BTC IOU's. You're right, that does make a difference. Still a good step, but a smaller one than I thought it was. Also agree on the authentication thing. I didn't want to get too deep into @Deathwing 's question about whether it was a "good thing" or not...

Bitcoin... it's in the title of the article lol. I think Musk will try and incorporate Blockchain tech into twitter in multiple ways, based on things he has said in the past (and for other reasons). First as an authentication device: think NFT's instead of blue checks, used to identify unique...

https://www.cnbc.com/2022/04/26/fidelity-offers-401k-investors-access-to-bitcoin-a-retirement-plan-first.html?utm_content=Shep&utm_medium=Social&utm_source=Twitter#Echobox=1650989993 Significant. Between this and Musk almost certainly incorporating Blockchain tech into Twitter it's good news...

Through 2 eps. Good show so far! I'm surprised.