Yeah but if you take an interest-only loan, who wins in that case? Its pretty much just the bank. Unless your home appreciates more than double of what you paid then you could close the mortgage and get a 100% gain. However that won't help you because you wont be able to buy another house like that either because houses will appreciate also 100%.

In these types of markets only the banks win because they pretty much are the landlord and own the property. They have a very low risk loan. And unless there is something such as a 2008 recession where home prices tanked then they are in a good position.

Yes like I said before. It seems that 2022 was very similar to 2018. Many expected the low already in for Bitcoin prior to the FTX collapse just like people assumed $6K was support in 2018 and then the black swan event happened.

Then we had a echo bubble pretty much in 2019 where it peaked at $14K and many assumed that it would go to ATH again. And its also the macro which is rallying such as SP500. Many are pouring lots of money into the markets now because they think the fed will do a soft landing. However it's like a big bull trap when the music stops sometime in Q2 or Q3.

What the author forgot is that there is a new scam going around called address poisoning attack. And it happened to me even. It’s only on the ETH and BSC chains.

Basically out of your address you will see a destination transaction. It will have the same first and last characters. However this transaction is not real. You will copy it by mistake and send money there thinking it’s to the same address as before. And it goes to the hackers. Basically very sneaky way of scamming people.

Wasn’t there was Coinbase employee who was charged with insider trading? I only read the headline so i don’t know if it was for stocks or crypto but I am assuming he knew which tokens were going to get listed on Coinbase and bought them on high leverage on another exchanges.

This is very common. In stocks it happens all the time. Some are even very sneaky and they buy the ETF of a stock so they don’t get caught. SEC rarely charges these people.

Job market is suffering everywhere because many boomers decided to retire all at once after Covid. They are the most at risk and just decided to throw in the towel. And they are retiring in huge numbers and not enough people to take over. It’s also hard to match the experience level of a boomer which just retired with someone new. Hence you are getting productivity down also.

I remember the Penguin 4. When it came out it seemed high tech however it was a horrible CPU. I remember at my work even, I was just doing regular workstation and spreadsheet and the fan was screaming on that processor. It always ran loud I remember. Consumed tons of power. And wasn’t even that fast. They improved with the newer line of processors however.

But I am not surprised they are losing market share. Look at Intels price of its stock and compare to AMD. It’s no surprise why one is rallying and the other is falling. Seems the market share is taking a huge shift.

Well in the past Bitcoin followed what the nasdaq index typically did. When the nasdaq went up, so did Bitcoin. And the same was true when it went down.

So if the CPI Is high it means higher fed rates and lower stock prices and hence Bitcoin should go lower which it did. However for the past few days Bitcoin hasn’t been correlated as closely. Basically Bitcoin went up and stocks went down.

But if the old trend returns then higher CPI generally means Bitcoin will head lower as stocks head lower.

It seems that this “US defaulting” is becoming more and more active in the headlines. Because I keep hearing this topic being discussed almost daily. It was originally some suggestion of some bank and now all the news stories are printing it. And since they are printing it, means they have no idea how slim of a chance this is of happening.

They won’t default. They will just keep doing what they have been doing for the past few decades. The debt ceiling will be raised as usual and life will go on. This is not a reason for them to pivot and cut rates. Inflation is still too high and the fed needs a soft landing.

If he buys Bitcoin it’s considered an investment. Every investment has a risk. People assumed that real estate was a low risk investment and many are under water now. I think the only safe investment right now is bonds. Or you keep it in your savings account.

Nobody knows if it will crash or not. It’s been over a decade, since it hasn’t hit $0 yet then most likely it won’t anytime soon. You can say the same for a stock like Tesla. It’s the most popular EV brand today however will they still be around in a decades time? Nobody knows.

I am really surprised that he didn’t buy more of the battered down stocks like Tesla, Netflix, Facebook, etc during the horrible Q4 they all had. He bought more Apple which didn’t really dip that much. He probably ended up with a higher average price for Apple since the stock is still fairly expensive.

And how much upside is there really? Not much. But I guess 1% of a billion is still a lot
Of money. Either way, he was one of the few investors which did OK in 2022 unlike most funds which were at a loss. So he clearly knows what he is doing.

Yes he is a pretty cool guy. He is very down to earth. Someone commented on how they met him in person and he is not unlike most snobby celebrities, he was very kind and friendly when they approached him in person.

He is also big on motorcycles. I think he has his own brand of motorcycles because there was
Some clip about him displaying them at a automotive show.

Yes these countries are very corrupt. I don’t know if it was Sri Lanka but there was some conference about food protests and the government drove in with their Land Rovers and they ended up getting attacked. And goes to show you how corrupt the government is.

People are starving while others are driving around in $100K vehicles. And usually what happens in these countries is hyperinflation pretty much. Hence you are better off using a different form of currency, gold or Bitcoin. That way you are at least protected from losing 100% of your fiat value.

I saw those charts before and I am wondering how exactly do they calculate these liquidation levels? Because I don’t think the amount of leverage a trader uses is posted anywhere. Only way to know there is a liquidation is when it’s posted afterwards with some exchanges.

So I am assuming this looks at the volume at a particular price but the way I see it there is someone going long and someone going short for each trade. And you don’t know the leverage so the chart would be symmetrical but it’s not and this is why I am confused how they come up with these charts.

Honestly don't waste your time. Just go on Youtube and learn basic TA. If you are still interested you will need to learn how to trade yourself with grunt work using a demo or small account.

The only books I liked were "Reminiscience of a Stock Operator", it was very entertaining and "Trading in the zone" which is mostly about trading psychology. You should read that book because it will prevent you from blowing up your entire account in 1 day due to revenge trading like most people do.

Basically if somebody like my Dad bought a GPU he would of never known. My Dad is cheap and buys everything from Alibaba and he never uses it. He would of just either bought it and left it unpacked for years, or would install it, see that it works and just never play games on it. Its these types of people that buy these types of GPUs and why the sellers get away with it.

People see that you can get a $500 GPU for only $250 and they think its a steal, they buy it and never know. Most gamers would never pay $250 for a GPU that is suppose to be $500 because they know its common sense that its way too cheap and something is wrong. Its the same with WISH dot COM, they also sell these fake products and they do it because nobody actually uses the product, they just buy it for the sake of buying it.

You know how many SD cards my dad bought from Alibaba and WISH dot COM. Probably dozens. They were all like 32GB. And he tested them out and they worked because he took a photo or two. However if you took 100 photos, you would get data corruption because its really a 1GB SDCARD. And by the time you realise you were scammed you cant make a claim and get your money back.

Hence its why they keep selling these junk electronics.

If you are buying and selling to yourself it doesn't matter. You need to sell to someone else for it to be a valid transaction. Its why some people want $1M for their home and they list it for $1M but nobody will buy it when the market rate is $750K.

Its no different with people asking $10K for some 1995 Honda Civic with 300K miles. Sure you can even ask $100K for it. However until someone actually buys it, it doesn't change the market value for that particular item.

Sure you can stake your tokens yourself however the ease of use is better with an exchange you trust. Unless you are an experienced computer user, staking is not that easy. If you dont know what you are doing you can get your tokens stolen. Since the SEC has banned staking, what will happen?

Will people stop staking? No they will either use off shore exchanges which are riskier or they will stake themselves and make a mistake and get their tokens stolen. This move will create more problems then it will solve by the SEC.

I remember 20 years ago, before I invested or was involved in anything market related, they posted some debt/per person in the USA and it was crazy high. That was 20 years ago. People were saying that they had no choice but to default, did they?

No and they won't default anytime soon. They will just keep raising the debt limit and keep printing money. I don't think anyone wants them to default. It'll create more suffering than we already have. Plus the bonds are not showing any proof of defaults yet.

Like I said in many posts. I think we are in an echo bubble for stocks and crypto. We got bad inflation, bad PPI, high unemployment but at the same time we got good earnings. Why are earnings good?

For 2 reasons

1) Lay offs which increased net profits

2) Inflation which caused margins to increase

So companies are making good profits and hence why stocks are rallying. And crypto is following. Most likely this will pop somewhere in the next 2-6 months and trade sideways or head back down into new lows for stocks and crypto.

I think the reason why they did this was because of all those lending services which went bankrupt and caused many to lose their money. The icing on the cake was Gemini with their Genesis Loan program. Most likely many complained to the SEC and they had to do something so the public thinks they are actually doing their job.

So basically they picked Kraken and slapped them with a big fine. This is pretty much contagion which is still spreading from the fallout of FTX.