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Re: Any Bitcoin or Cyrptocurrency enthusiasts?
 

I've been in Defi (crypto) since 2017. Personally i believe we are going to go much lower from here due to geopolitics and trade.

Re: Any Bitcoin or Cyrptocurrency enthusiasts?
 

I thought cryptos are supposed to thrive under such circumstances ?

Re: Any Bitcoin or Cyrptocurrency enthusiasts?
 

all this happened before , the market can fall deeply and would recover later. lots of people got invested for easy money at high levels , now it is likely they are getting out as they can not take the pain and move the market lower

Re: Any Bitcoin or Cyrptocurrency enthusiasts?
 

correct - also a time to perhaps cost average...if money is available

Re: Any Bitcoin or Cyrptocurrency enthusiasts?
 

now it is the best time to get in , with a few exceptions of course like SOL , BTC and ETH - they are tremendously popular and are overbought for this reason

of course every coin has two sides , one side is that they are overbought , the other side is that they have much stronger support. but I personally would not get in there now as the potential for declines is very high

Re: Any Bitcoin or Cyrptocurrency enthusiasts?
 

Between the crypto and the stocks - it is a time to get in...the issue is free cash to invest sadly...costs going up etc

Re: Any Bitcoin or Cyrptocurrency enthusiasts?
 

As the Oracle of Omaha once said "be fearful when others are greedy - be greedy only when others are fearful". This can be applied to any investment market including crypto - right now everything is in fear - can just DCA into coins that proven themselves and can hold value.

Re: Any Bitcoin or Cyrptocurrency enthusiasts?
 

it is mostly people who use high margin who are in fear , buffett explained his strategy many times - it is essentially looking for what he considers to be cheap and getting in as early as possible , getting out if it has become expensive or if he sees fundamental problems

Re: Any Bitcoin or Cyrptocurrency enthusiasts?
 

Buffet does not believe in cryptos.
During the Gulf War,Kuwait refugees in neigbor countries cannot use their credit cards or Kuwait currency,but would they accept Bitcoins?
You can take it on the road,but it can be stolen or robbed,unless you swallow the devicee and never go to the bathroom while travelling,or surgically affixed to your body,Robert Redford once played a professional gambler in a movie,he has a diamond buried in his arm

Re: Any Bitcoin or Cyrptocurrency enthusiasts?
 

I used Buffets quote for fear & greed, never said hes pro crypto (I know he is not supporting it because dont fall under his principles and even called it rat poison). And the argument about getting stolen works for absolutely anything. Theres some people who are not in crypto because of the ''investment value'' but behind the idea of being decentralized - noone can ''freeze or withdraw'' your money just because someone ordered them too, and the privacy factor.

Re: Any Bitcoin or Cyrptocurrency enthusiasts?
 

I think buffett does not believe in crypto because he does not have problems in the financial system , he is able to use everything it offers

but joe sixpack is not that lucky and such joes exist in large numbers , it is potentially hundreds of millions all over the world and this is the very reason why crypto will continue having a place in the system , pretty much like ebay at the start which people were not perceiving as something important

but I also think buffett has selfish reasons , he makes money in the system , all the regulation etc. - he is integrated in it , makes money , probably owns stock of all possible financial companies. for him an alternative system where people stop obeying the rules is poison as crypto has been undermining the banking system

an example from the most recent history - they imposed massive sanctions on russia so russians switched to crypto and their sanctions have been compromised , they may be able to regulate and restrict the likes of USDT but with native coins there is nothing they can do

Re: Any Bitcoin or Cyrptocurrency enthusiasts?
 

Solid quote - pounce time

Re: Any Bitcoin or Cyrptocurrency enthusiasts?
 

Russian central bank miscalculated and parked their billions of Euro $ in EU central banks before invading Ukraine,now other central banks are buying gold and not our US debts.
Some small African countries which have stored their gold in US have asked to have them returned ,they dont trust US and EU nations anymore.
Russian central bank now holds gold,cryptos and some Chinese debt.

Re: Any Bitcoin or Cyrptocurrency enthusiasts?
 

russian central bank did not miscalculate , they always held less assets abroad than foreigners were holding in russia

russia has frozen a lot of foreign assets , primarily german ones , that is why the EU can not confiscate the frozen assets as germany does not allow it since german assets in russia would be confiscated in return

Re: Any Bitcoin or Cyrptocurrency enthusiasts?
 

It is 300-350 billions seized,but gold is held in Russia and Chinese investments held in China.
Wonder why not buy more Swiss Franc?
Switzerland is not member of EU.

Re: Any Bitcoin or Cyrptocurrency enthusiasts?
 

russia had to hold reserves in the west , it could not say no because it was a part of colonial policy - all client states must keep reserves in the west but a part of reserves was removed so that the actual amount was smaller + russia had already compiled a list of entities that would be frozen after the war breaks out and the EU also already had a list - they were both preparing in advance

Re: Any Bitcoin or Cyrptocurrency enthusiasts?
 

Trump is pro Russia,the war could end soon.
Both sides suffer heavy casualty,I read Russia is deploying horses to avoid drone attack.

Re: Any Bitcoin or Cyrptocurrency enthusiasts?
 

the war will continue until final collapse of ukraine because trump is not able to end the war at conditions which russia would accept. russia wants a long term solution while trump is offering a ceasefire so that ukraine could be re-armed and war could be re-ignited in a few months time

Re: Any Bitcoin or Cyrptocurrency enthusiasts?
 

long term solution? As in, ownership of ukraine?

Re: Any Bitcoin or Cyrptocurrency enthusiasts?
 

russians will take south east and the central ukraine , even if they do not say this publicly they will never give these territories to the west

odessa is a purely russian city founded by katherine the great , kiev this is where ancestors of a large portion of russians come from - they will never give it up

the rest can be divided between hungary , poland and romania

Re: Any Bitcoin or Cyrptocurrency enthusiasts?
 

This is true and actually not spoken about enough - there is some quiet cooperation going on for territory acquisition...

Re: Any Bitcoin or Cyrptocurrency enthusiasts?
 

Russia dont want them ever joining NATO or even considering it, as well keeping them away from the union (EU). Even if these short-therm options Trump is trying to get right now, what will happen after he's out of office (4 years from now) - can only speculate :sleepy: