2020 Collapse

TreasureHunter said:
I think a major Bitcoin correction is coming up. It's about time for a big one. Many experts are saying it could go all the way below 30,000 $.
(this is not a "burial", but a correction)

This might not be THE Bear market, just a major spike like the previous peak and it could get cut into half.

What I am watching is the correlation between gold and Bitcoin: they move into opposite directions.

Now, if Bitcoin collapses below 40-30 thousand, then I expect gold and silver to shoot up. Just that currently gold and silver are the ones correcting.

What I am saying is that there might be a major buying opportunity ahead, if you're smart:
- as we go towards New Year's Eve, gold and silver might sink even lower
- the entire crypto market might experience a major correction around this time or early next year (?)
- silver and gold will be a great buy during this period, but when cryptos start falling, it will already be to late to buy PM's at the best price

FOCUS ON GOLD AND SILVER IF THE CRYPTO MARKET STARTS FALLING

Personally, I think we might see sub-20 $ silver this year (prolly 15-17 $). There is a strong possibility.
Buy in and you might earn 20-50 % return on investment in a few years, if it reaches 20-35 $ again.

This growth potential is more likely (due to periodic oscillations, corrections...) rather than if you'd hoard BTC, ETH now, when they're already around their all time highs.

(this is just my opinion)

What do you think?
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Who told you gold and cryptos move in opposite directions? They are both anti debt units and mostly move in tandem.
 
JohnnyBravo300 said:
Who told you gold and cryptos move in opposite directions? They are both anti debt units and mostly move in tandem.
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I told you!
If you noticed the charts, quite often they move in opposite directions, especially gold vs Bitcoin.

I think that the big investors move from one to the other, thus maximizing their profits. When they short-sell Bitcoin, they buy up gold. And vice-versa.

I has happened many times on the markets and I'm not the first one to notice this phenomenon. Nor do I affirm that it's always the rule.

It's interesting to notice.

What is interesting now is that it's not fiat hyperinflating or countries defaulting, but it looks like gradually fiat is being PHASED OUT.

Crypto and PM's are still far away from the "market cap" of the major fiat currencies (USD, GBP, JPY, RMB, CHF, EUR, AUD), but the tide could turn.
 

...at some point, Michael Saylor says gold is gradually losing its value, because more and more is being mined every year...

I came to the conclusion that Bitcoin and Ethereum are the currency of the super rich, mega rich, hyper rich.
 
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When Saylor and the rest talk down on gold is when you want to buy it and everyone knows that. Most of them are borderline imbeciles and dont understand jack.
Metals are not popular right now and that tells you it's time to buy.
Its gradually losing its value as it goes up I guess haha. I'll take it. Good job Saylor.
 
^
Put the pedal to the metals!

Of course, don't listen too much to people who have a vested interest to become richer.

Michael Saylor is to crypto what Peter Schiff is to gold. They are both right in many ways, but they have black and white thinking and are permabulls in their own choice of investments.
 
Ag bullet said:
Yes but the difference is that mining gold requires REAL ECONOMIC ACTIVITY. It can not be created from nothing.
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There are many differences. I also don't believe that gold is "losing value". It is becoming more scarce and mining costs are increasing.

Central banks hoard it, so you should too! :D
 
Russia’s gold & foreign currency reserves rise by almost $5 BILLION in just one week
Russian foreign exchange holdings grew by 0.8% over the week ending October 15, reaching $620.3 billion, according to the latest data from the central bank. Russia holds the world’s fifth-largest forex reserves.
The regulator says the country’s international reserves rose by $4.9 billion from October 8, as a result of positive revaluation as well as foreign currency purchases within the budget rule.

The holdings of monetary gold increased by 0.14% last month to 73.9 million ounces (2,298.547 tons) as of October 1, the bank reported earlier.

The central bank has been steadily diversifying the country’s international holdings, cutting its share of US dollars in favor of gold and other currencies.
https://on.rt.com/bj6u



 
Cryptos might be a long term store of wealth and they might not be but no one really knows. Theres no history to show anything about cryptos as far as that goes and only time will tell.
I personally would have a hard time keeping my wealth stored in cryptos with it being all third party risk like it is, and depending on so many systems to work perfectly.
If you think the markets are easy to manipulate just wait until the internet goes down.
Dont rely on cryptos to be there when shtf.

They are fun to trade and make $$ with but that's as far as my love goes.

These "experts" are like politicians. You never know who's paying them.
 
Cryptos its just like Afghan reserves in USD, they got blocked when it is desperately needed
Asean countries must diversify away from USD, every time there is a coersion, they must cut its dependence by 10%, to maintain neutral standing
 
alor said:
Cryptos its just like Afghan reserves in USD, they got blocked when it is desperately needed
Asean countries must diversify away from USD, every time there is a coersion, they must cut its dependence by 10%, to maintain neutral standing
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Who clocked what and where?
 
alor said:
Polish PM Says EU Holding 'Gun To Our Head' Over Funds; Could Start 'WW3' https://www.zerohedge.com/political...lding-gun-our-head-over-funds-could-start-ww3
example like this?
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The EU is already a centralized dictatorial entity above the states and many EU member citizens are starting to doubt whether they should stay in the EU or not.
It is behaving like a political and economic octopus with blackmail-tentacles.

The UK has already left this nightmare union, Poland might be next?

They are at the throats of: Poland, Hungary, the Czech Rep., Slovenia... from time to time Greece. The Greeks are like a drawer: they pull them out from time to time, then they push them back.
Hungary is a hedgehog with sharp spikes and Poland is a fox that bites back.

The EU is committing suicide. Socially, economically and politically as well. It's a franken-communist union lead by a parliament filled with people who were NEVER elected by anyone (but installed there like toilets by globalist-communist plumbers).
Which mad union jumps at the throat of its member states?
This will automatically subvert the entire union, whose days are numbered anyway.

The "European dream"... of brotherhood, equality, prosperity never existed.
This is an Orwellian neo-communist neo-colonialist franken-crap.
 
TreasureHunter said:
I told you!
If you noticed the charts, quite often they move in opposite directions, especially gold vs Bitcoin.

I think that the big investors move from one to the other, thus maximizing their profits. When they short-sell Bitcoin, they buy up gold. And vice-versa.

I has happened many times on the markets and I'm not the first one to notice this phenomenon. Nor do I affirm that it's always the rule.

It's interesting to notice.

What is interesting now is that it's not fiat hyperinflating or countries defaulting, but it looks like gradually fiat is being PHASED OUT.

Crypto and PM's are still far away from the "market cap" of the major fiat currencies (USD, GBP, JPY, RMB, CHF, EUR, AUD), but the tide could turn.
Click to expand...
I was talking to another member about this .
We look for patterns ,I even look at petrol pricing highs and lows .
But not many people have this ability & when you try to explain it ,they get confused
 
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