Bitcoin

[andromedaaudio]

Everybody broke yet in crypto?

Were now in catching the falling knife phase/ buy the dips same as stocks
Capitulation phase is next

Its most of the time not so hard getting in , buying stocks or bitcoin whatever .
Getting out at the right moment / selling high is the real challenge , bubbles are from all ages
They did a research once in NL , from all the retail investors 95 % lose money

 

[Folsom]

I think we have no less than 30% to go on the market, if not even farther. I don’t give advice but I am also not chanting “buy the dip” right not, that’s for sure.

 

[Zero000]

I think some staggered buy orders between here and $10K dollars of really quite large amounts will see someone do very well indeed long term. Very quick transient lows could occur.

Not trades - just buy orders.

Not investment advice. Just common sense. Well, I think so. Pray for it but there are a lot of long term holders who just won't sell no matter what. So big price dips from here may not happen. Then again...

 

[KeithR]

I think stocks are a better buy right now than crypto, which is clearly deleveraging still.

 

[Folsom]

Interesting. I don’t see a new never before seen trend in the S&P500… To me cash looks like king for awhile.

 

[andromedaaudio]

If everything goes as planned my last real estate is gone by next week .
With rising rates everywhere id rather put the $$$ somewhere else

 

[andromedaaudio]

Interesting. I don’t see a new never before seen trend in the S&P500… To me cash looks like king for awhile.

You re right so far .
Gold and silver mining stocks are getting hammered too just like BTC .
I m gonna make another large bet in july / august as the miners are on sale .
I expect the FED to pivot within six months , it ll be interesting what Bitcoin does.
After that i expect the US $$ to lose value and gold skyrocket

 

[zitas]

dont worry, the drop will come and will be higher than 50%.
but there wont be any right moment to back up the truck. bitcoin is a peace of shit with no value!!
then again, it is still a great moment to go short.

 

[andromedaaudio]

If everything goes as planned my last real estate is gone by next week .
With rising rates everywhere id rather put the $$$ somewhere else

And gone , i sold my last rental property in NL.
I will be buying EGO EXK First majestic KGC and AUY .
Let the games/ crisis begin

 

[KeithR]

Think BTC ultimately falls to around 10k-12k. Basically giving up the entire COVID boom. That seems to be the trend in all the BS stocks.

 

[Ron Resnick]

And gone , i sold my last rental property in NL.

Why would you sell rental property? Are residential rents declining in The Netherlands?

 

[andromedaaudio]

Why would you sell rental property? Are residential rents declining in The Netherlands?

No not really .
But the dutch government wants to get rid of gasboilers in the future so it would mean installing a heat pump and further isolate the house to modern standards , because its a older type house.
The landlord is also obliged to house the renters somewhere else during the renovation
Also higher future taxes for homeowners plus i think were at the market top regarding real estate.
Mining stocks are valued extremely low .
It seems like the timing is right, i might make more $$ from speculating /may be not
Real estate is dead money in a way plus you have to deal with renters which can be a bit of an issue especially if your abroad half of the time like myself.
We had a real good run with real estate but nothing lasts forever, may be next year prices falll 10 or 15 % who knows

 

[StreamFidelity]

And gone , i sold my last rental property in NL.

Interesting! I am currently selling my rental house in Berlin.

But the dutch government wants to get rid of gasboilers in the future so it would mean installing a heat pump and further isolate the house to modern standards , because its a older type house.
...
Also higher future taxes for homeowners plus i think were at the market top regarding real estate.

Same topic here too.

When I sell the house I invest in stocks that have paid an unchanged or increased dividend for at least 25 years. And I also look at Bitcoins then. So a mix between security and speculation.

 

[Folsom]

Most investment places will let you hold a cash balance if you want to... not suggesting it but I know people doing just that. We're going more to the downside, by a lot. Unless we completely break character from everything that has ever been in the markets... when the world is hurting to begin with. I'm just not confident in a flash dump.

 

[andromedaaudio]

CPI 9.1 % , i hope everybody realizes that if they wanna curb inflation they have to raise the Central bank rate above the inflation rate .
Just like Paul Volcker did in the seventies / eighties
Imagine what a 10 % Central bank rate would do to the economy , housing etc ...
The ECB hasnt even lifted /tried yet .

These are grown up / educated people who got us in this mess with at least 25 K euros a month salary/ ex expenses
Eurozone 12 years rates at 0 , ...loaded in debt

 

[morricab]

CPI 9.1 % , i hope everybody realizes that if they wanna curb inflation they have to raise the Central bank rate above the inflation rate .
Just like Paul Volcker did in the seventies / eighties
Imagine what a 10 % Central bank rate would do to the economy , housing etc ...
The ECB hasnt even lifted /tried yet .

These are grown up / educated people who got us in this mess with at least 25 K euros a month salary/ ex expenses
Eurozone 12 years rates at 0 , ...loaded in debt

They are terrified to raise rates but might be left with no choice…the ghosts of past sins will catch up…

 

[andromedaaudio]

They are terrified to raise rates but might be left with no choice…the ghosts of past sins will catch up…

I think its a big fraud .
Bankers know everything about money , much more then you and me .
The ECB and FED are all expirienced bankers they knew exactly where printing enourmous amounts of currency would lead too.
Asset holders made enoumous profits , and now they play dumb .
The population has no clue anyway.

PS .The FED is not a government agency its privately owned by banks .
They play poker while dealing the cards as well

 

[morricab]

I think its a big fraud .
Bankers know everything about money , much more then you and me .
The ECB and FED are all expirienced bankers they knew exactly where printing enourmous amounts would lead too.
Asset holders made enoumous profits , and now they play dumb .
The population has no clue anyway

Fear and greed...fear and greed.

 

[andromedaaudio]

Fear and greed...fear and greed.

I think the next 3 months will be crucial .
If the market senses they cant get a handle on inflation gold will skyrocket imo..

In my view these small hikes aint gonna do much

 

[andromedaaudio]

Amazed you don't know Ron.

This was fake news, although they are in serious trouble. As are many Chinese property developers.

The potential worldwide impact of these companies going down is considerable.

And its getting worse hundreds of thousands of chinese are refusing to pay mortgages .
I watched a story of a chinese guy / family who bought an appartment in a new project in china , he signed the contract in 2018
There was nothing built yet when he made the 30 % downpayment and took the mortgage.
The home was supposed to be ready in april / may 2021 so he could move in .
Apparently all the work on the construction site has stopped completely since over a year and a half and the appartment is only finished for 50 % with no end in sight of the construction continuing .
So the guy lost the 30 % downpayment and is now renting a property to live in while he is also still legally obliged to pay the mortgage on the unfinished appartment as well .
No wonder he stopped paying .
It looks like everywhere there is a financial mess these days.
Chinese real estate is 30 % of their GDP

The great Chinese mortgage strike: Thousands of homebuyers are refusing to pay their home loans as growing boycotts spread online

As of Monday, homebuyers in over Chinese 80 cities said they were refusing to pay their mortgages, affecting more than 200 projects, according to E-house.

fortune.com