We do not support USD or any other currency. We support real assets with real value. But if I had to choose between USD and crypto to preserve my wealth, then the choice is very clear.
Gold goes down during a financial panic as overextended investors deleverage, not because of inflation.
Life is speculation. It is useless to preserve it, we all are going to die.
Even doe I like cryptos and my business has been getting paid and bought services with cryptos for many years, there is no such thing like: "without Big Brothers knowing about it" on anything related to the internet (and cryptocurrencies are another layer of the internet). So don't let other make you believe anonymity with Bitcoin because is not true
I have said that even in an inflationary environment Gold can go down. Any time an asset goes down there are more sellers than buyers period- why that is happening is mostly immaterial -if you are able to cash in only then it matters.
Must I really repeat myself? Gold goes down during a financial panic as overextended investors deleverage, not because of inflation. Almost any asset goes down during a financial panic. That will happen regardless of whether the macroeconomic trend is inflationary, deflationary, or neutral.
Ya whatever blah blah blah, you go long or short keeping odds in your favour mate. Thats all there is to it. The only way to prove if you are right is when you bet and your money is on the line.If you are making money you are right else you are wrong. Your bank balance is the real indicator of whether your hypothesis is right and your bet is right or wrong.
As you said in an earlier post, all you need to do is check the charts.
Yes the chart shows me whose might is more -buyers or sellers-the Gods are on the sides of the heaviest battallions. My bets are based on that or rather the price action. It does not matter what the reasons for the rise or fall of the vehicle. You can never know all the reasons behind a particular rise or fall. Most of the reasons come out later after the price movement is well underway and the moment for money making is gone. You can form a hypothesis like Livermore said about appraising General conditions or George Soros in his theory of Reflixivity but until and unless that is proved right in the price action it does not mean anything.
So, can you name an an inflationary period where the price of gold substantially declined, which did not occur during a financial panic and market sell-off? Seriously, I would like to know. I could be wrong.
Gold has a 400 year chart history so you have to look- and I said that Gold has gone down in an inflationary period -I didnt add the extras that you have added. Plus when a sell off happens we dont know the reasons of a particular sell off-Did you know in the 2008 market crash when exactly and for what reasons that crash would start- I am not sure if you are having crystall balls at your disposal.
I remember I was just learning to speculate at that time (2008) and even i was short on 21st January 2008 in the Indian
And each time we get a new bull market in crypto we ride that up,then we get a bear market when it fails spectacularly and we short that down.Ya keep them coming like this .And let me make some more money.
You know your s**t - have read many posts from you with interest!
