I've been trading for 25 years. The people that think trading is gambling have no experience and are just talking out of their asses. I also have core, dividend paying positions that I do not trade. The PMs I own are insurance.
People here are so hung up on the short term (typical human behavior wanting instant gratification), but they aren't really paying attention to the big picture. Have I really been "proven" wrong? When blips crash to $10,000, would I be right or wrong?.. how about $5000, or $1000?
Based on past history and human behavior, I know in my gut that many things I've stated here will happen, sooner or later. It's not possible to know the exact dates.
There is a very good book that everyone here needs to read, it called: "Extraordinary Popular Delusions and the Madness of Crowds"- written in 1841. Check it out.
That's rich coming from you, a hardcore gold, silver, ammo, end of the world prepper......
As gib pointed out you have been banging on that BTC was shit @ 381 and now it's @ 19,100..... 50x your money. Go slap yourself.
I warned you about gold and silver but instead it appears you are going full retard.
Your entire understanding of the monetary system is all backwards (as it is for the 99% of people IMO) and as i said, your predictions will be wrong, and no, you can't operated on an infinite timeline so you can be proven correct LOL.
All of the things i mentioned about lack of inflation and debt mechanics are playing out right before your very eyes.
Look at your gold and silver charts for the last 6 months. Backwards! Gold is currently testing the 1800 support level. If that doesn't hold you are going back down to 1700....deflation of gold prices..... deflation of silver prices...... in the current environment which you claim is having massive inflation bordering on hyperinflation......
Look at consumer inflation. Backwards in Q2 and struggling to hold above 1%.
Look at interest rates, we are at ZIRP. Backwards!
Look at the leverage between the money supply and currency. Backwards!
Jesus, make it easy on yourself and chuck your money into an index fund to the Dow and let QE do all the work for you as it continues to fly upwards.
BTC has broken resistance and is about to start a run yet again. Once that run is over, it will have a pullback. Then it will have another run again, then a pullback, then a run, pullback and so on until it achieves enough market penetration to decrease the volatility. The environment isn't the same in 2020 as it was in 2018 and that's where you are going wrong.
