And this in the article too, made me chuckle at our idiocracy ... President Donald Trump said he was “very happy” with the announcement, adding: “I think that people in the markets should be very thrilled.”
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Who's buying the dip then?
Just waiting on fiat to make it's slow meandering way through the system.
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Only once treasuries and the dollar itself come under attack, Bitcoin will be truly measured.
I suspect a lot of countries will try following Russia's lead if that happens. I expect it to be a temporary war with btc the winner but who knows. https://cointelegraph.com/news/russias-central-bank-seeks-to-ban-crypto-issuance-and-circulationAccording to a legal executive at the Bank of Russia, the country’s major but still unfinalized cryptocurrency legislation — a bill “On Digital Financial Assets” — will ban the issuance and circulation of cryptocurrencies.
...could be like gold in the USA from 1933 to 1977. https://en.wikipedia.org/wiki/Executive_Order_6102... a New York attorney named Frederick Barber Campbell had one deposit at Chase National Bank of over 5,000 troy ounces (160 kg) of gold. When Campbell attempted to withdraw the gold, Chase refused, and Campbell sued Chase. A federal prosecutor then indicted Campbell on the following day (September 27, 1933) for failing to surrender his gold.[12] Ultimately, the prosecution of Campbell failed, but the authority of the federal government to seize gold was upheld, and Campbell's gold was confiscated.
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Sounds exhausting... Leading up to the fight Fury said he will masturbate seven times a day to keep testosterone pumping before sharing the ring with Wilder this month.
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Great first post. You have a plan that you reasoned out for your circumstances and you are sticking to it while being open to continually evaluate its effectiveness. I have jumped in with both of my feet. I told myself if I ever had an opportunity under 5k I would make sure I have an entire bitcoin. Last of my money for non essentials in and now have about 1.1 bitcoin. I have 2 alt coins but they are worth less than 500 dollars in total. 6 months after the reward reduction I will just extract 2k dollars for the new opportunities fund. I am expecting this will result in still holding an entire bitcoin which I will hodl for my retirement fund or if it reaches the 500k USD level before I may extract 100k and use it to buy 50k gold and 50k silver.
The thing I really like about bitcoin is that they can will stick to 21 million. I am no longer worried about my fiat savings eroding now they are invested in other assets. These are high risk to some, but I view the risk to reward far easier to sleep with than the sure loss with no possible upside of accumulating fiat.
I will be watching this thread again because some members predictions had helped me increase my small bitcoin holdings by weaving in and out. I won't sell even .1 before 20k. This I believe will be in around 8 months.
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Good to revisit the basics every once in awhile... https://www.investopedia.com/articles/retirement/09/401k-bear-market.aspWhat should you do during a bear market? If you had a long-term investment strategy in place before the markets took a dive, it's time to revisit your plan. Are your goals still the same? Is your retirement still years in the future? If the particulars of your situation haven't changed, this is no time to change your overall investment strategy.
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My brother quit his job a few months back and liquidated his 401k in early February, which turned out to be great timing. He gave me some money to invest in bitcoin for him in early March, which turned out to be awful timing, and I almost feel like its my fault. :/ Yeah I liquidated an old 401k around the same time, lucky timing. Haven't reinvested in btc yet only because the paths the fiat has to take to get there are slow. Lucky again. Kind of wish I had it now but by the time it gets to where I need it to make buys who knows where we'll be. DCA to the rescue, she ain't sexy but she's kept me in the game this long.
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I don't remember the need for mass graves from the flu this year... https://news.yahoo.com/satellite-images-show-iran-built-215209711.html“It doesn’t surprise me that they are now trying to create mass graves and trying to hide the actual extent of the impact of the disease,” Dr Afkhami, an associate professor at George Washington University, said. He added that the close trading partnership between Iran and China, and the government’s fear of disrupting that partnership had contributed to the early and rapid spread of the disease.
Of course Trump thinks it's all going swimmingly, he's spent several years firing anyone around him that isn't a yes man or woman, he is insulated from anything that he doesn't already agree with... https://news.yahoo.com/trump-coronavirus-cnn-jim-acosta-233400312.html“What do you say to Americans who are concerned that you’re not taking this seriously enough and that some of your statements don’t match what your health experts are saying?” Acosta asked. “That’s CNN, fake news,” Trump responded, at which several meeting attendees began snickering. The reporting pool was then dismissed from the room.
This is a leadership crisis... https://news.yahoo.com/trump-coronavirus-rattling-markets-not-032800864.htmlThe coronavirus has taken a toll on the financial markets; the Dow Jones Industrial Average closed Wednesday 20 percent below its February high, The Wall Street Journal reports, ending its longest bull run. In his speech, Trump touted the U.S. economy, calling it the "greatest ... anywhere in the world, by far," and said he is taking "emergency action" to "provide extra support for American workers, families, and businesses."
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10 years from now this day will be taught in colleges. Not sure under what subject though. Maybe mass psychology or the unintended effects of high frequency trading or incompetence of presidents.
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So I guess we answered the question of when the S2F model would be broken.
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Couldn't resist a little extra on top of the weekly DCA. Prob catching a knife but sats are sats.
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That's a really depressing image. just look at that TP. That's because everyone else has been panic buying all the toilet rolls. One of the few times I should have given in to the FOMO.
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I'm starting to get the spamverts thinly veiled as "we are here for you/what to do in the event of" Coronavirus emails from sources other than gov't and work. Any excuse to email spam blast advertisements. Great to know that I can (still) monitor my accounts online and I of course couldn't wait to hear about their new financial services products, sign me up!
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Gold, oil, Bitcoin all dropping along with stocks, where are people putting their money?
Uh? What money? There's NO money when EVERYTHING WORLDWIDE goes down. USD. Then they'll buy back in after this crisis.
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I just sold all my holdings for a 24 pack of toilet paper. Get in now on the ground floor.
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I'm not sure I'd call him a gold 'bug' anymore, more like a gold 'troll'. https://cointelegraph.com/news/peter-schiff-oblivious-as-bitcoin-retakes-gold-as-safe-haven-ytdFor those who believe Bitcoin is “digital gold”, data shows the two assets out of sync on the monthly time frame but both Bitcoin and gold are up 9.45% and 8.82% in 2020. This suggests that regardless of the fact that Bitcoin price has dropped by 14.85% since March 7, some traders still view the asset as a hedge against volatility.
Unsurprisingly, staunch Bitcoin critic Peter Schiff seems to believe otherwise and he capitalized on Bitcoin’s recent poor performance by tweeting:
“Bitcoin is no longer a non-correlated asset. It's positively correlated to risk assets like equities, and negatively correlated to safe-haven assets like gold. When risk assets go down, Bitcoin goes down more. But when risk assets go up, Bitcoin goes up less. No value in that!”
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It occurs to me (I know, kinda slow on the uptake) that gold as a safe haven attracts the old guard more than bitcoin not just because of generational differences but because of the volatility. Huge moves for gold are ridiculously tiny ones in crypto, and when you are scared about your nest egg that makes more sense. It's a different mindset than many of us into btc. I guess store of value for them just means they won't lose too much money if the shit hits the fan. https://www.marketwatch.com/story/gold-slips-lower-as-stocks-try-for-rebound-from-worst-day-since-2008-financial-crisis-2020-03-10Still, Moya believes that gold, along with U.S. Treasurys will “remain the favored safe-haven traders as financial markets navigate through rising global recessionary risks, deflationary pressures and falling consumer confidence.”
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