Joe King 79
Member
I guess there has been a push away from this, is why I say this.
2020 Collapse
- Thread starter TreasureHunter
- Start date
Initially the POG will also crash as investors and traders seek the safe haven of USD.
TreasureHunter
Well-Known Member
Stock market crashes, crypto crashes... easy to imagine, but gold crashes too? Vs. what?
If something crashes, it crashes versus "something else". And that could be the US dollar, so we can expect a stronger dollar?
Against the same thing that stocks and crypto would crash in a liquidity crisis.
I think the USD will rise anyway, regardless of whether there's a liquidity crisis in the markets or not because there is a paucity of quality assets for holding on balance sheets.
Joe King 79
Member
I mean isn't this just typical speculation by those with vested interests? Last year the gold bugs were telling us that gold was going to $2500 last year.
TreasureHunter
Well-Known Member
So, I am right: the USD will keep rising, so for crypto investors the best choice is to move their funds into stable coins (which are equal to the USD).
That depends upon whether those investors think a crash is imminent.
I don't, therefore moving funds into stable coins is not a sensible option IMO at this stage.
I doubt gold will fall if crypto falls, but if the stock market crashes, gold is going to fall, especially with the sluggish demand. Unless stocks crash due to war. But there's currently no indication that stocks will crash.
TreasureHunter
Well-Known Member
Aren't there any "stop loss" or "hedging" options for shares as well? Because when forex markets experience drops, then the investors tend to take their money out with a loss and move the remaining funds into something else.
I think money can circulate between the stock market - forex - cryptocurrencies - PM market (yes, some might say gold and silver are also on the forex market).
So, cryptocurrencies might fall together with the stocks. But something has to grow. Either the dollar or gold. Because something falls vs something. According to which asset will the stocks and cryptos fall?
The DOLLAR.
And because cryptos tend to move opposite to gold (my humble observations, I know it's never always like this). So, I can see Gold move up as a hedge if cryptos and the stock market falls.
It never falls suddenly. Even if it falls in a few hours, it is a gradual process. So, some of that money gets transferred into safe haven assets. Like Gold.
They can keep it all propped up the same as theyve been doing. Eventually there will be a crash but it will be at the time of their choosing.
There could be another 10 or 20 trillion printed by then and all time highs still.
The more foreign currencies that fail or struggle only make the dollar stronger.
There could be another 10 or 20 trillion printed by then and all time highs still.
The more foreign currencies that fail or struggle only make the dollar stronger.
TreasureHunter
Well-Known Member
How the IBM 7094 Gave NASA and the Air Force Computing Superiority in the 1960s https://fedtechmagazine.com/article...asa-and-air-force-computing-superiority-1960s
TreasureHunter
Well-Known Member
Interesting trend - I've head of Omicron crypto before, but gosh!
https://www.rt.com/business/541712-omicron-crypto-surge-covid/
RT: "Omicron crypto skyrockets thanks to Covid"
"A relatively new crypto coin, omicron, which bears the same name as the new Covid-19 variant, has seen a massive spike recently, outperforming major cryptos bitcoin and ethereum.
The token OMIC surged over 900% since Saturday to reach an all-time high of $689. Its market cap has soared to over $400 million. The cryptocurrency was trading at $379.61 as of 08:40 GMT on Tuesday.
CoinDesk described the rise of the obscure token as an example of “peak irrationality,” since the cryptocurrency rallied owing to its name. The B.1.1.529 coronavirus strain (Omicron) was named after the 15th letter of the Greek alphabet by the World Health Organization on Friday. Experts say that OMIC is far from being a safe haven asset..."
https://www.rt.com/business/541712-omicron-crypto-surge-covid/
RT: "Omicron crypto skyrockets thanks to Covid"
"A relatively new crypto coin, omicron, which bears the same name as the new Covid-19 variant, has seen a massive spike recently, outperforming major cryptos bitcoin and ethereum.
The token OMIC surged over 900% since Saturday to reach an all-time high of $689. Its market cap has soared to over $400 million. The cryptocurrency was trading at $379.61 as of 08:40 GMT on Tuesday.
CoinDesk described the rise of the obscure token as an example of “peak irrationality,” since the cryptocurrency rallied owing to its name. The B.1.1.529 coronavirus strain (Omicron) was named after the 15th letter of the Greek alphabet by the World Health Organization on Friday. Experts say that OMIC is far from being a safe haven asset..."
If not wrong, they didn't use this superiority and the Soviet union died not because of tech. All this hype over tech is overrated.
Yes, the snake, it did not just deceive Eve in the garden, it is deceiving the whole world now
Are you referring to snake people?
