Trump Refuses to Rule Out Recession, Stock Market Dips 10%

[FourCrossedWands]

5% difference is nothing and gold is not for trading. You buy gold as an insurance against your other riskier investments and basically never sell it if you don't have to. It's a complete opposite of crypto.

If everything goes to shit, including banks, you can still sleep well because you have your stack of gold that either holds its value, or even goes up in price.

[Breakingthewall]

Maybe silver is a good idea due to its industrial demand

[Leo Gura]

22 minutes ago, FourCrossedWands said:

5% difference is nothing and gold is not for trading. You buy gold as an insurance against your other riskier investments and basically never sell it if you don't have to. It's a complete opposite of crypto.

If everything goes to shit, including banks, you can still sleep well because you have your stack of gold that either holds its value, or even goes up in price.

I want to be able to cash out of gold in a crash to buy stock.

Gold ETF works.

Edited March 12 by Leo Gura

[Alex4]

13 hours ago, Leo Gura said:

 

I didn't say I made money in stocks. I meant I started my biz.

Obviously the lesson is to buy when everyone else is drowning in their own blood.

The best time to buy stocks in 1 year into a solid bloodly crash when hope is 0%. You must do exactly the opposite of what everyone is doing. If fools are buying, you sell. If fools are selling, you buy.

You gauge the market by what the fools are into, and do the opposite.

 

[FourCrossedWands]

36 minutes ago, Breakingthewall said:

Maybe silver is a good idea due to its industrial demand

Silver is kinda bugged now and has been going sideways for a very long time. My theory is that crypto has partially replaced it as an invesent.

Silver has always been a speculative alternative to gold as it was supposed to be up even more during a bull market.

There is way too much silver in the economy and it's just not as attractive as gold right now.

[NewKidOnTheBlock]

12 hours ago, ChadT said:

I'd offer some better advice for most people...  Dollar cost average into a low cost S&P 500 index fund, consistently over your lifetime.  Don't jump in and out and a keep buying, in good times and bad. 

Yes indeed, it is the boring stuff that always works. But ofc that won't stop people from endlessly talking about investing as if it was some hard science worthy of being discussed endlessly LOL

ideally you'd do all these strategies at once - consistently auto investing the exact way you've described, while also trying to time the market with a portion of your money saved up, buying property and gold, speculating with crypto, etc.

Tbh sometimes I'm at a bit of a loss about the choices investors collectively make, like, for example what is their reasoning behind pulling out of S&P 500 ETFs. "Trump create tarifs so me no trust American economy no more" not realizing that by doing that they'll eventually make those stocks a good investment again. It's just all one big illusion and game

[PurpleTree]

8 minutes ago, FourCrossedWands said:

Silver is kinda bugged now and has been going sideways for a very long time. My theory is that crypto has partially replaced it as an invesent.

Silver has always been a speculative alternative to gold as it was supposed to be up even more during a bull market.

There is way too much silver in the economy and it's just not as attractive as gold right now.

When will gold dip again?

I want some of that glittering gold baby.

Not much. 

 

[Leo Gura]

@PurpleTree Can I interest you in some magic beans?

[PurpleTree]

8 minutes ago, Leo Gura said:

@PurpleTree Can I interest you in some magic beans?

Only if they are coffee beans or cacao beans or magic beans.

[Breakingthewall]

1 hour ago, FourCrossedWands said:

Silver is kinda bugged now and has been going sideways for a very long time. My theory is that crypto has partially replaced it as an invesent.

Silver has always been a speculative alternative to gold as it was supposed to be up even more during a bull market.

There is way too much silver in the economy and it's just not as attractive as gold right now.

It seems that it is increasingly necessary in technology and many analysts say that its value will increase a lot, but they also say that about many other things.

[Lyubov]

Hope it doesn’t go down too much. I need my portfolio to stay strong cause I was planning on using it to start a business.

[Butters]

I heard that Canada's counter tarrifs on the U.S. could put the entire car industry to a standstill. It's probably those utterly unnecessary tarrifs that will jumpstart this recession. 

[AlterEgo]

23 hours ago, Leo Gura said:

Once everything crashes 50%, then of course it will start to go up. But when it comes to shitcoins, those will not go up, those will die permanently. Bitcoin will not die, it will recover. Bitcoin is the only non-shitcoin.

 

Bitcoin is old, slow, expensive, and uses a ton of energy.

Trump says he wants to make US the crypto capital of the world. Just 5 days ago the OCC stated major banks are now allowed to hold crypto in bank accounts. Crypto industry leaders just had a crypto white house summit.  Trump is having dinners with crypto company CEOs and lawyers.  They are pushing to get crypto regulation going, starting with stable coins.  New SEC members are pro-crypto.  The new chairman of the SEC is pro-crypto.  SEC lawsuits are being dropped all the time.  Trump just established the strategic bitcoin reserve, as well as the US digital asset stockpile.  Real world assets will soon be tokenized on blockchains.  Bitcoin cannot tokenize assets... The stock market will eventually be put on blockchain to allow for 24/7 trading.  The biggest banks are experimenting with different blockchain technology in the background.  SWIFT has partnered with crypto companies.  Soon Elon will announce X payments, and who knows which blockchain he will use. By 2030 the whole world will run on blockchain technology.

So when regulation comes, 90 percent of crypto of projects could die, but to say only Bitcoin will survive is just stupid.  It seems either you're intentionally leading people astray, or you're just talking out of your ass, as usual.

[Leo Gura]

@AlterEgo The insane corruption that Trump creates will crash all this stuff. It will seem like it's booming until the corruption of the crypto community causes it to implode.

The crypto community is not truthful nor sound. The people hyping it are deluded, ignorant, and corrupt.

Stupidity is driving the bus next to the cliff. Doesn't take a genius to see what comes next.

Edited March 13 by Leo Gura

[Majed]

@Leo Gura My dad is deeply involved in crypto.

[OBEler]

@Leo Gura can you explain why Trump's finance company has collected eth in 10 millions besides 10 million in wrapped BTC?

Eth will survive any crash.

[Leo Gura]

1 hour ago, OBEler said:

@Leo Gura can you explain why Trump's finance company has collected eth in 10 millions besides 10 million in wrapped BTC?

I have no idea about that, nor do I care.

Quote

Eth will survive any crash.

I'm not saying Eth will die. Eth has its narrow uses. It will probably live on. I'm mostly talking about the other crap coins.

The DotCom crash is the best example we have of how this works. Most of the flimsy companies die off but a few of the solid ones like Amazon remain. Those solid ones in crypto will be Bitcoin and Eth. Bitcoin is like the Amazon of crypto. Eth is like the Ebay.

I do believe in the power of the Bitcoin dream. It's just going to be a very rocky road I think. I expect 50% drops in Bitcoin, but I also expect it to recover in the end.

Of course these are just my intuitive guesses. Don't invest your money based on my guesswork. I plan to wait for Bitcoin to crash before I buy back in. We'll see how that plan goes. I could be very wrong.

Edited March 13 by Leo Gura

[FourCrossedWands]

4 hours ago, Leo Gura said:

I have no idea about that, nor do I care.

I'm not saying Eth will die. Eth has its narrow uses. It will probably live on. I'm mostly talking about the other crap coins.

The DotCom crash is the best example we have of how this works. Most of the flimsy companies die off but a few of the solid ones like Amazon remain. Those solid ones in crypto will be Bitcoin and Eth. Bitcoin is like the Amazon of crypto. Eth is like the Ebay.

I do believe in the power of the Bitcoin dream. It's just going to be a very rocky road I think. I expect 50% drops in Bitcoin, but I also expect it to recover in the end.

Of course these are just my intuitive guesses. Don't invest your money based on my guesswork. I plan to wait for Bitcoin to crash before I buy back in. We'll see how that plan goes. I could be very wrong.

You admit that the whole crypto community is corrupted, yet you still want to get involved once BTC crashes 50%? 🙄

[Leo Gura]

1 hour ago, FourCrossedWands said:

You admit that the whole crypto community is corrupted, yet you still want to get involved once BTC crashes 50%? 🙄

Bitcoin itself is the only noncorrupted part. The people pushing crypto schemes are all corrupted.

You gotta be smart enough to pluck the diamond from the puddle of shit

Edited March 13 by Leo Gura

[TrustTheProcess]

5 hours ago, Leo Gura said:

Bitcoin itself is the only noncorrupted part. 

@Leo Gura ...

Bitcoin is uncorrupted? Really? Its value is based purely on speculation, with no underlying asset or stabilizing mechanism. At best, it’s a glorified virtual gambling chip with extreme volatility.

• Gold is a physical, scarce asset with real-world utility.

• Stocks represent companies that produce tangible goods and services.

• The U.S. Dollar is a stable store of value, backed by the strength of U.S. financial institutions and proven trust.

 

Bitcoin, on the other hand, is propped up by FOMO. That is literally it. abstract FOMO speculation. The moment a crisis hits, it will be the first to crash due to its decentralized, unregulated nature and lack of intrinsic value.

 

A true store of value requires either real-world utility or mechanisms to ensure stability—Bitcoin has neither.