Stock Market is the bottom in?

[Bill]

I agree Biden has “character”. The same Character he has always had. He’s spent his whole life doing what he was told by other people to keep his Job irregardless of whether he did “said” job well or it benefited his constituency.

He still has that same character “personally”, just now he shits his pants, eats ice cream and his advisors are socialists.
But his character is the same.

And please would everyone stop crying about the cost of things and open borders and devaluation of cash. For crying out loud we had an insurrection in January 2 years ago and the Supreme Court may actually toss killing babies back to states. Get real!

And when I type “he, him”. For the record I really mean he, him, she, her,they, them…sorry I can’t get the other ones straight but I do like a good BLT for lunch.

 

[Foggy47]

I agree Biden has “character”. The same Character he has always had. He’s spent his whole life doing what he was told by other people to keep his Job irregardless of whether he did “said” job well or it benefited his constituency.

He still has that same character “personally”, just now he shits his pants, eats ice cream and his advisors are socialists.
But his character is the same.

And please would everyone stop crying about the cost of things and open borders and devaluation of cash. For crying out loud we had an insurrection in January 2 years ago and the Supreme Court may actually toss killing babies back to states. Get real!

And when I type “he, him”. For the record I really mean he, him, she, her,they, them…sorry I can’t get the other ones straight but I do like a good BLT for lunch.

FJB
LETS GO BRANDON.

 

[SD51555]

I wouldn’t want to be sitting on large piles of cash for a long time during this inflation period but the million dollar question is where to stash it?

Real estate?
Gold?
Hope you pick the market bottom and jump back in?
Bonds?

The fed is going to blow a hole through the guts of monetary inflation in a hurry. What they won't be able to fix is supply side inflation. That also means stocks and real estate are going to blow like Krakatoa. The freight train of contraction is coming. I'm not worried about what is on my grocery list, I'm getting off the tracks before I get runned over.

 

[yoderjac]

We took a pretty good hit in the stock market and I haven't heard much lately from the folks who where advocating crypto a few months ago.

 

[chummer]

We took a pretty good hit in the stock market and I haven't heard much lately from the folks who where advocating crypto a few months ago.

I don’t have any crypto but on behalf of those that do, go suck 10 dics

 

[bwoods11]

Being a little heavy in oil and fertilizer/agricultural stocks has helped me in this downturn. The dividend stocks do not seem to get crushed as much.

If I had a little more "smarts" I would have went big into CVR Partners (UAN). In late 2020 it was $6-7 a share. Now it has a dividend or distribution of over $10 a share. It is priced at $119 a share today... Looked at it passed, then bought some shares. Not enough. There are always those missed opportunities!

 

[Skeeter]

We took a pretty good hit in the stock market and I haven't heard much lately from the folks who where advocating crypto a few months ago.

Ben Shapiro had some thoughts on that on his show today. You should give it a listen.

 

[Hoytvectrix]

We took a pretty good hit in the stock market and I haven't heard much lately from the folks who where advocating crypto a few months ago.

I was one of them. Considering I wasn't really planning on selling for any reason until after the next Bitcoin halvening anyways, this has been a fire sale. I never thought I would have the opportunity to buy at these prices.

People can pile onto Bitcoin all they want, it's still destroying the S&P, despite getting relatively wrecked lately. Short of some black swan event, I don't really see that changing.

 

[Hoytvectrix]

I don’t have any crypto but on behalf of those that do, go suck 10 dics

I'd appreciate if you didn't speak for me. Don't kill the vibe in here.

 

[yoderjac]

I was one of them. Considering I wasn't really planning on selling for any reason until after the next Bitcoin halvening anyways, this has been a fire sale. I never thought I would have the opportunity to buy at these prices.

People can pile onto Bitcoin all they want, it's still destroying the S&P, despite getting relatively wrecked lately. Short of some black swan event, I don't really see that changing.

So you're still accumulating? I'm doing something similar with the broad stock market, but somewhat worried I'm trying to catch a falling sword.

I'm to old and still too chicken to buy crypto, but it sure looks much more interesting at these prices. I'm still concerned about the governmental and environmental risks going forward.

 

[Hoytvectrix]

So you're still accumulating? I'm doing something similar with the broad stock market, but somewhat worried I'm trying to catch a falling sword.

I'm to old and still too chicken to buy crypto, but it sure looks much more interesting at these prices. I'm still concerned about the governmental and environmental risks going forward.

I was initially. I'm going to wait a week or two and see how the markets respond before continuing to dollar cost average. Speaking of swords, the double-edge effect of larger players like JP Morgan getting into bitcoin is that it was initially great for driving adoption, but now it is tied too much to the equities market.

 

[Wind Gypsy]

I’ve only sold crypto the past 3 years but it might be time to start buyin again.

@Hoytvectrix do you mess with multiple coins? I was primarily a ETH guy but honestly haven’t kept up with the times to have a good reason to go BTC or ETH now.

 

[yoderjac]

I’ve only sold crypto the past 3 years but it might be time to start buyin again.

@Hoytvectrix do you mess with multiple coins? I was primarily a ETH guy but honestly haven’t kept up with the times to have a good reason to go BTC or ETH now.

How would crypto be better than cash in a high inflation environment? I understand the pyramid scheme type growth initially with a fixed number of bit coins and growing use because of lack of government tracking during the initial phase. However, as the market matures and multiple cryptos become more ubiquitous, government regulation emerges. It eventually just becomes another form of cash but one that can't be stabilized by central banks.

 

[Hoytvectrix]

I’ve only sold crypto the past 3 years but it might be time to start buyin again.

@Hoytvectrix do you mess with multiple coins? I was primarily a ETH guy but honestly haven’t kept up with the times to have a good reason to go BTC or ETH now.

I have a few, but for the most part I'm extremely BTC heavy. I also have been participating in ALGO. I think it's closer to what Bitcoin was intended to be and has a lot of potential use as an actual currency and as a technology. I don't think any crypto is going to have the growth that BTC has seen.

I have some ETH but I think the gas fees are ridiculous. There are several cryptos that do what Ethereum can and are already better.

 

[Wind Gypsy]

How would crypto be better than cash in a high inflation environment?

It has the possibility to grow in value compared to a near guarantee to lose value.

I’m not going to give ya a good logic based explanation on fundamentals. To me crypto has aways been a gamble with $ I can afford to lose. But my small crypto investment wasn’t far from matching gains from the last decade of max 401k and ira contributions to index funds.

 

[Hoytvectrix]

How would crypto be better than cash in a high inflation environment? I understand the pyramid scheme type growth initially with a fixed number of bit coins and growing use because of lack of government tracking during the initial phase. However, as the market matures and multiple cryptos become more ubiquitous, government regulation emerges. It eventually just becomes another form of cash but one that can't be stabilized by central banks.

It's a non-fiat based investment that isn't devalued from inflation. It's not quite deflationary, but increasing scarcity definitely helps the price action. I simply view it as digital gold. I thought (and still do) that Bitcoin is undervalued and will see wider adoption when more view it as a store of value instead of a get rich quick opportunity. For the most part, Bitcoin is way past the point of being used as an actual currency. There are several that are way better for that purpose, but visa, Mastercard et al. have been investing in their own digital currencies and will eventually compete with the cryptos. I'm not so worried about regulation until the major governments of the world start issuing their own Central Bank Digital Currencies. At that point cryptos might be legislated to death.

There is a major misconception that Bitcoin is an anonymous cryptocurrency. The truth is that all transactions can easily be tracked and it's very easy to know who has what for Bitcoin and most other cryptos. Monero is what people think Bitcoin is. It is a privacy coin that I could see being very popular/important someday. I forsee a lot of boat accidents where monero was lost.

 

[yoderjac]

It's a non-fiat based investment that isn't devalued from inflation. It's not quite deflationary, but increasing scarcity definitely helps the price action. I simply view it as digital gold. I thought (and still do) that Bitcoin is undervalued and will see wider adoption when more view it as a store of value instead of a get rich quick opportunity. For the most part, Bitcoin is way past the point of being used as an actual currency. There are several that are way better for that purpose, but visa, Mastercard et al. have been investing in their own digital currencies and will eventually compete with the cryptos. I'm not so worried about regulation until the major governments of the world start issuing their own Central Bank Digital Currencies. At that point cryptos might be legislated to death.

There is a major misconception that Bitcoin is an anonymous cryptocurrency. The truth is that all transactions can easily be tracked and it's very easy to know who has what for Bitcoin and most other cryptos. Monero is what people think Bitcoin is. It is a privacy coin that I could see being very popular/important someday. I forsee a lot of boat accidents where monero was lost.

I think tracking occurs when it is converted. Nothing is completely anonymous. I just heard NY state is trying to outlaw the conversion of old power plants into BC mining power sources. Between the environmental concerns, and the lack of direct control by governments, points to greater regulation. I understand the early adoption gold rush we saw, but as it matures, I see it as just another currency when it comes to how it relates to inflation. I don't see it as a hedge against the dollar.

Having said that, I do see a lot of potential for the underlying block-chain technology.

 

[jsasker007]

I'm not buying any crypto. I don't believe in it. Inflation devalues everything. The more different types of crypto they keep adding to the economy the less each individual crypto is worth. Sky is the limit. Government likes the idea of digital currency so they can eliminate anyone having some money that the government doesn't know about. Crypto is the biggest risk in the market and the most volatile. Too much of a gamble for me.

 

[bwoods11]

I have not bought crypto either as I don't understand it. My philosophy has been to own good income producing stocks and land. When things get tough, they seem to hold their own. Without a dividend or any income it doesn't fit my radar. For those that did well on it, congrats to them! Hopefully some of these young kids will not overdo it and skip buying stocks or other investments, it could cost them long term!

 

[Wind Gypsy]

I think tracking occurs when it is converted. Nothing is completely anonymous. I just heard NY state is trying to outlaw the conversion of old power plants into BC mining power sources. Between the environmental concerns, and the lack of direct control by governments, points to greater regulation. I understand the early adoption gold rush we saw, but as it matures, I see it as just another currency when it comes to how it relates to inflation. I don't see it as a hedge against the dollar.

Having said that, I do see a lot of potential for the underlying block-chain technology.

Maybe you can track conversion to USD on the big exchanges but they aren't tracking it everywhere. Friends and I have bought a handful of goods from each other using crypto, good luck tracking that! We didn't use crypto as a means to hide a transaction but more of a novelty of the idea you're getting something with potential to grow much higher.

Example: I bought a used smart TV from a buddy for 1.5 ETH when ETH was something like $250. If he's still holding, he has $1500+ in value for that tv. At ETH's peak, he had over $6k for that TV..