The reason I say land is the riskiest is draconian governments can simply seize it. And the dirtiest secret is they do not even have to. They can also tax all your value out of it.
Land also potentially ties you to a location which could be bad in some circumstances. I do own my home because I like it that way but I'm prepared to abandon it should the need arise. Well, the folks that will suffer first and foremost are all the hundreds of thousands of apartment and condo dwellers living in skyrises in the larger metro areas. Food, clean water, sanitation, medicine, petrol, and other goods/services will be cut off from there first. They will suffer the hardest. Plus there will be lockdowns (ala Shanghai). It'll be like Mad Max on steroids. Having a house and land out in more rural areas is one's best bet for long term survival. |
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Saying: "The best time to buy is when there is blood in the streets."
Torque's translation: The best time to buy is when market participants have majorly deleveraged. Because at the low deleverage point, the market price is showing it's closer to fair value. Don't wait to buy when the market participants decide to leverage up 100X or 500X again during another bull run. The price will be much higher, but you won't know what the fair market value is.
Since the introduction of the derivates in BTCitcoin world a lot has changed. Before that it was enough to buy certain amount and the price increased and stayed for weeks and months. In the last 4-5 years may be thousands jumps were followed by an immediate drop to the previous level and in most cases below. This is the effect of the leverage >10x. Not only that, but leverage above 50x attracted the worst type of gamblers who lose all their fiat savings each month. It doesn't matter whether we are in a bull or bear market and what is the price - at the end of each month these gamblers build billions of high leverage longs on Binance and other exchanges. The real non leverage buying can't support the profit of them all, so a domino like effect liquidates all these longs. Of course, when the next big bull run starts they will not bring ithe price back for a long time and some of them will finally realize one successful trade. But it will be 0.00001% of their initial fiat savings. Whereas, the hodlers who DCA disregarding the price will enjoy another 10x increase of their last cycle average buying price in just few years. So, there is no need to try to time the bottom of some local bear period. Here however lies some obvious obstacle to all these peeps who have bigger amount of fiat. Their reasoning is "if I enter now and the price falls, say 50%, I will be mad. Moreover, I'll have to wait several years to realize some profit. So it is better to wait to be certain that we are in a bull market and buy then. Or buy some "perspective" altcoins which are cheap now but will certainly go 10-100x up in few months." These peeps have very low IQ, because they don't see many obvious mistakes. First of all, for a gazillionth time, any altcoin is a shitcoin which can go to 0 and only the insiders profit from these pump and dump schemes. Second, is it so hard to divide the fiat savings in 2-3 or 4 parts and in case the price crashes after the first buying, make the next and so on? After all, BTCitcoin in all its bear cycles did on average 2-2.5 ~50% crashes in a row. This is so obvious and I will never cease to be amazed how mindrust who was 1:3 in favor of fiat savings panicked and sold at 4K. May be his belief in authorities and lack of self confidence/mind was the reason why he didn't plan for this and was caught by surprise. So, in case someone has a bigger amound of fiat and is hesitant what to do - he should disregard all beliefs and authorities and be prepared with fiat for at least 2 ~50% crashes in a row since the last ATH. Regarding the regular paycheck income - it is best to buy immediately as if he receives his salary in BTC. Another thing that has changed is that the Bitcoin market is now somewhat tied to the NASDAQ price action. We can bemoan it, or debate the pros and cons of it all day, but it is what it is. I have no doubt that the stonk market will continue to march upwards long term, so this would be good for Bitcoin as well. |
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About buying land, location matters, though. Nice land close to the beach in South Florida is worth millions, until it's under water and worth nothing. Apparently it's becoming difficult to insure beach properties.
You also can't grow food or raise livestock in the sand. |
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Having physical PMs (less that 5-10% of your investment portfolio) in one's possession should not be considered speculative plays at all, nor even expect to keep up with inflation (because the PM market is rigged by the Central Banks).
Physical PMs are simply a hedge or insurance against the entire global financial system melting down for good. It may never happen. But if it did, then yes in the short term, there will be chaos. There will be riots, looting, and violence. There will be shortages of food, supplies, other goods, medicines, etc. In the short term there will be FAR more to care or worry about than having gold or silver. Land would of course be useful in such a scenario.
However, during such an event, the Fed and the governments of the world will try to move quickly to re-establish a new financial system, and any new fiat system they create will be reset against Gold and Silver once again. Meaning that the fiat price of Gold and Silver will be reset overnight to 20X-30X or more of where it is today, possibly even higher. So it would be wise to have some anyway. If the financial collapse never happens in your lifetime, then pass it along to your offspring so that it might one day protect them.
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Saying: "The best time to buy is when there is blood in the streets."
Torque's translation: The best time to buy is when market participants have majorly deleveraged. Because at the low deleverage point, the market price is showing it is closer to fair value. Don't wait to buy when the market participants decide to leverage up 100X or 500X again during another bull run. The price will be much higher, but you won't know what the fair market value is.
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All this drama and garbage surrounding LUNA and TerraUST, meanwhile exactly zero people can explain to me the purpose, utility or usefulness of either one. Especially when other solutions already exist.
Waiting for Do Kwon himself to come in here and debate me on his garbage coins.
Because he would lose that debate soundly.
The emperor has no clothes, and his size is not size.
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So explain to me again why stonks are less risky than bitcoin?
Here is a sampling of well-known names amid the brutal bloodletting. The percentages are from their highs through the close on May 13:
Carvana: -90%
Vroom: -98%
Rivian: -85%
Snap: -70%
Pinterest: -76%
Netflix: -73%
Wayfair: -84%
Chewy: -78%
Shopify: -77%
Teladoc: -89%
Lyft: -77%
Zoom: -79%
Palantir: -81%
GameStop: -80%
AMC: -84%
Coinbase: -83%
Zillow: -81%
Redfin: -88%
Compass: -75%
Opendoor: -82%
MicroStrategy: -85%
Robinhood: -87%
Moderna: -72%
Beyond Meat: -87%
Peloton: -90%
DoorDash: -72%
Bitcoin -58%
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Joke of the Day:
Q: What’s the difference between investing in shitcoins and getting married?
A: If your marriage fails, you only lose half of your wealth.
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Lol, Madonna only wished that her body looked like that. |
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OK...
For this to look like our pukey capitulation event, I think we need to get well up over that 32k area pretty quick...
To be fair, past capitulation events took months to recover, going sideways for what seemed like forever. Also, I guess no one wants to discuss that this crash was completely manufactured, not organic, because the insiders had to run a scam to force TerraLuna to dump billions of $$$ worth of btc to even get where we are now? Funny how the Bitcoin market insiders have now moved on from such simple tactics like just posting bad FUD news ("China bans bitcoin!"). Now they have to run a scam to actually force liquidation in order to create a crash, because without it the market wouldn't move much on just FUD alone. Hilarious. This whole thing could have just been an elaborate setup. "Hey, let's create a shell company disguised as a new shitcoin, buy a billion worth of btc because 'reasons', only to dump them all later when we are ready to crash and short the market. Then we will say that we got played by smart hackers. The n00bs will be shocked and surprised, and will completely believe the narrative!" |
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Bitcoin SV is now back to the same price level as it was in 2018/2019. I'm curious: who here still has those shitcoins? I can imagine many HODLers never touched their Bitcoin, so all Forkcoins are still in there. What better way to get even than to dump them? I'm sure that OG Bitcoiners who have tens of millions $$$ of pre-fork btc have been selling off the forkcoins over the years to pay for expenses, all the while retaining their btc as wealth. I wonder if the idiot forkcoiners ever considered that as a constant attack vector. Probably didn't, as they have few brain cells. |
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I think the healing begins today...
Sexual healing, or...? |
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Bitcoin SV is now back to the same price level as it was in 2018/2019. Is Craig ok?  |
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Where dat bounce doh?
Incoming. Watch it slowly creep up on literally everyone. Btw, the NASDAQ is gonna likely close flat today. ------------------- Also for the WO'ers in the back: Raise you hand if you think the SEC rushed a dozen Bitcoin ETFs to the market in late 2021, just so that their wealthy buddies and clients could all lose money in the coming couple of years? Anyone? Bueller? |
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The Fed: "Hey we're gonna have 10 more rate hikes this year! What could possibly go wrong?"
The markets and the economy: "Goodbye."
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Blood in the streets people. Time to buy. Yeah the paper losses suck, but they are just that, paper losses. In a couple years they will be paper gains again.
We may drop further down, to the 200WMA for instance, but every time that has happened in the past it has been the perfect entry point. It's at these times that big wealth is made.
On another note I must say it has been a pretty amazing (or devastating) last 24 hours. Attack on Luna (because they deserved it for their stupidity) and, more interestingly, an attack on Tether. The Tether attack is definitely an attempt to crash everything IMO. The FUD against Tether has been ongoing for years and my guess is the attackers were hoping to capitalise on that. Seems to have failed, but may not be over yet.
C-A-P-I-T-U-L-A-T-I-O-N That could of happened with that move down to 24k. If not I think it will be pretty soon. Just thinking out aloud but I reckon when we start seeing decoupling from the stock market the capitulation has been and gone. Look at the massive 24 hr sell volume. Could it easily be replicated? HIGHLY unlikely. The thing about capitulation is this: 1) When it is actually happening, and even in the weeks following while it is recovering, the doomsayers are still saying the market will go lower. 2) In hindsight months later, people wistfully acknowledge "Yep, that was it actually. We were wrong." By then the market has jumped another 10-20%, often times more. This is THE chance to buy at or near the bottom. This is what the whales want, them buying up the bottom like crazy whilst the n00bs sit on their hands scared shitless of the market. If I had any significant dry powder available, I'd be a massive buyer here. |
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Blood in the streets people. Time to buy. Yeah the paper losses suck, but they are just that, paper losses. In a couple years they will be paper gains again.
We may drop further down, to the 200WMA for instance, but every time that has happened in the past it has been the perfect entry point. It's at these times that big wealth is made.
On another note I must say it has been a pretty amazing (or devastating) last 24 hours. Attack on Luna (because they deserved it for their stupidity) and, more interestingly, an attack on Tether. The Tether attack is definitely an attempt to crash everything IMO. The FUD against Tether has been ongoing for years and my guess is the attackers were hoping to capitalise on that. Seems to have failed, but may not be over yet.
C-A-P-I-T-U-L-A-T-I-O-N |
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This is my new favorite quote now. "Your size is not size." Ranks right up there with "Fuck your mother if you want fuck." Hilarious.  |
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Good lord! You guys pontificate about the benefits of bitcoin DCA "strategy" like for days and days and days here on the WO. Umpteen gazillion pages written about something so simple and benign. Way to make something WAAAAYY more complicated than it needs to be. Either: a) Just buy on the major dips, or b) put a set amount of DCA buys on autopilot at the end of every week, two weeks, or month, or c) all of the above. Also d) stay the fk away from shitcoins. Sheesh, what is so fucking hard about this?  |
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Not to sound apathetic, but I file this into "People not old enough to remember the carnage of those gullible scammed by penny stock scams in the 1980's and 90's" And yes, many of those people lost their life savings and ended up committing suicide. History repeats. Also, "Biiiiittttconnnnnect !!!" |
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