"Don't confuse objective reality with your expectations" SNP 500🕵 ️ "Don't confuse objective reality with your expectations" - these words were once said by Raymond dalio - American financier, billionaire, founder of the investment company Bridgewater associates. And he's right, but my way.⠀
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👁 ️ With this post, we wanted to show that even such famous people can make mistakes in their forecasts and statements. Not long before the stock market crash in 2020 Dalio said: "Cash is trash" (see the graph on the next picture with the moment of these words), meaning that money should be stored in shares. After that, as you know, many funds (including his) lost more than -25% of their capitalization. So, no matter how cool and famous the Manager is, always have your own opinion and do not confuse "objective reality". The picture also shows the words of another famous financier, so our next post will be about bill Ekman. Know who is this?⠀
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⁉ app How do you feel about the statements of renowned experts in their field? Trust or check? ⠀
Dalio
BITCOIN The ultimate BUY ZONE on the road to $7500. 1DBINANCE:BTCUSDT
MA 200 still flat (long term).
MA 100 still flat (long term).
MA 30 bullish (short term).
Vol 200 bullish (long term).
BVOL decreasing (long term).
BVOL 7D flat (mid-term).
BVOL 24H flat (short-term).
Dalio sees $5 Trillion hit to U.S. income : RT @BloombergLive: Missed our #BloombergInvest conversation with @RayDalio? You can catch @ErikSchatzker's entire interview with the @Bridgewater Associates Founder and learn what he's predicting during the COVID-19 economic downturn here: t.co t.co
If the current price can hold above this level, at least one technical measure suggests Bitcoin could see a run to $8,000, where the coin was trading ahead of its massive drop last month. The $7,000 threshold was a solid support line for Bitcoin between November and January -- remaining above it could provide support should it decline again.
Bitcoin could ascend to the $7,500 level, according to Craig Erlam, senior market analyst at Oanda. “It’s struggling to gather the momentum required to break the barrier down but as we know with Bitcoin, that can change dramatically in a heartbeat,” Erlam wrote in a note. “If it breaks through those levels, then we could be looking at a healthy surge and another run towards $10,000.”
Source : www.bloomberg.com
Dalio's 1929/2020 perspectiveTend to agree with Dalio's view on long-term debt cycle ending now. Here's $DJI during great depression and now. The world is much faster and I don't think will see a 3 year 90% decline but if we WILL need to reinvent the economy machine, the drop should be significant and bear market severe.
Keeping my bias neutral for now.
BTC PathwaysBearish case:
- BTC efficient miners won’t mind some period of low prices, since that will cleanse the mining industry. The survivors will be rewarded thanks to the difficulty adjustments and the BTC price increase after the halving (due to lower supply and (likely) increased demand).
- The world situation is still quite delicate so some more downside price action will likely be seen across all markets. US stonk market has been rallying in a technical pullback, but it is likely to resume the bear market in the coming days or weeks. BTC will likely remain correlated to the US stonks, especially if a new liquidity (or even solvency) crisis is ahead.
Bullish case :
- The public is realizing that central banks and the whole fiat scheme is quite scammy.
- Many smart people (Kaiser, Kiyosaki, Chamath, Pal, Dalio...), keep repeating that gold, silver and bitcoin are actually hard money and a good hedge for the coming recession/depression.
- The whole DeFi movement has favored miners, who can collateralize their BTC and pay their bills, in a possibly more efficient mining industry laying ahead. That same movement will substitute the old legacy financial system.
- ETH, LINK, ADA, XTZ and hundreds of other decentralized projects, all (somehow) grand sons and daughters of BTC, are led by some of the smartest and most innovative millennials and developed by brilliant communities who actually care for the wellbeing of the people.
Bye bye boomers, its time for your retirement.
As Arthur from BitMex recently wrote: All in motherfuckers.