There is this old phase called "Don't fight the feds." I couldn't agree more. 6 months into this bear market for "assets "that anyone who has a brain and a conscience would not even consider investing in, the stubborn and stupidity-filled "long term hodlers" are finally caving in and admitting defeat. That's right, I am talking to you right now. Does my truth from my meticulous research and financial intelligence make your imbecile minded head boil? Are you still gonna give me that "well I will hold my BTC for my whole lifetime if it means going to $100k" spiel, when yesterday was very likely the LAST time Bitcoin will EVER be at the $40k line all the way to the apocalypse??? Does it rage you that ALL my US dollar in my savings account will triumph you worthless digital coins? Does it make you pull your hair out that an ambitious and no-nonsense Senator Elizabeth Warren is coming after your environment destroying e-toys?
Guess what, I am a tolerant person. As much as you probably want to kill me reading this, I forgive you. I can still make you rich and this can be accomplished by a few simple steps:
1. Sell ALL your Bitcoin. Not just that, whatever crap crypto you still have, convert it all back to fiat. Dump all your stocks, even the so-called "low risk dividend yielding ones" because NONE of the, will survive the imminent 99% market crash and recession that will stretch from today all the way to 2030. If you have money in 401k, take it out and eat the penalty. It will be worth it because the loss from your penalty and taxes won't matter compared to you losing 99% of your portfolio.
2. Convert EVERYTHING, I MEAN EVERYTHING into US Dollars. Just take a look at the US Dollar Index. Also feel free to check out my DXY bullish analysis. The US Dollar is the ONLY thing I will be bullish for all the way to 2030, in which I anticipate the DXY going above 1000.00. If I were you, I would even sell my house and live in a van for the next 8 years since your real estate property will also become worthless. Hold cash because US Dollar is king.
3. I genuinely was surprised that the FED's did not raise interest rates as high as even my most modest prediction of 100 basis points, but that doesn't mean they won't do it later, which I am certain they will. The US dollar will be the REAL hedge against inflation, and with more interest rate hikes and balance sheet reductions, will see its purchasing power skyrocket back to its 1913 highs by the end of the decade. In 2030, while bitcoin/stock bulls are living in Hoovervilles, I will be enjoying my 5 cents a can of coke while laughing at you from the penthouse apartment that only cost me $100 a month.
If you made it this far, I applaud you for doing so and you will thank me later for following the best financial advise of the century.
Guess what, I am a tolerant person. As much as you probably want to kill me reading this, I forgive you. I can still make you rich and this can be accomplished by a few simple steps:
1. Sell ALL your Bitcoin. Not just that, whatever crap crypto you still have, convert it all back to fiat. Dump all your stocks, even the so-called "low risk dividend yielding ones" because NONE of the, will survive the imminent 99% market crash and recession that will stretch from today all the way to 2030. If you have money in 401k, take it out and eat the penalty. It will be worth it because the loss from your penalty and taxes won't matter compared to you losing 99% of your portfolio.
2. Convert EVERYTHING, I MEAN EVERYTHING into US Dollars. Just take a look at the US Dollar Index. Also feel free to check out my DXY bullish analysis. The US Dollar is the ONLY thing I will be bullish for all the way to 2030, in which I anticipate the DXY going above 1000.00. If I were you, I would even sell my house and live in a van for the next 8 years since your real estate property will also become worthless. Hold cash because US Dollar is king.
3. I genuinely was surprised that the FED's did not raise interest rates as high as even my most modest prediction of 100 basis points, but that doesn't mean they won't do it later, which I am certain they will. The US dollar will be the REAL hedge against inflation, and with more interest rate hikes and balance sheet reductions, will see its purchasing power skyrocket back to its 1913 highs by the end of the decade. In 2030, while bitcoin/stock bulls are living in Hoovervilles, I will be enjoying my 5 cents a can of coke while laughing at you from the penthouse apartment that only cost me $100 a month.
If you made it this far, I applaud you for doing so and you will thank me later for following the best financial advise of the century.
Note
Also don't give me that BS about "well I'll just dollar cost average" or "bull market will make you money but bear money will make you rich". Tell that to those who invested in Lehman Brothers or Bitconnect that "time" was on their side.Note
As expected, the permabull trolls in the comment sections (while coping with massive losses but still putting on a shameless "everything is ok" mask) are making fun of my technical analysis. All I can say is have it your way. You accepted the terms of service of this game by putting your hard-earned money that actually has value (and now recently made as a deflationary asset by the Feds) into a bottomless pit. I pity all of you. It would be extremely bullish for me to say that Bitcoin might...just might go back to $40k in 2050...out of some dumb luck, but even that imo is unlikely with the imminent collapse of the entire crypto and stock market.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.