Quote:
Originally Posted by jscott
Reminds me of how the "analysts" have predicted Bitcoin died on every dip.
https://bitcoindeaths.com/
Lesson here is to never trust the experts/analysts. (remember Covid?) |
Well, I don’t have a dog in the fight. I decided not to buy because the price action did not look good in the low 90s and it doesn’t look good now. I don’t fully understand and I cannot predict how the next few months is going to affect bitcoin. Maybe people are gonna have to sell it off just to pay bills and so forth so I think there’s more pain to come. I’ve been very clear on my postings about my silver and copper acquisitions. That’s where I have bet the farm in addition to buying pre-emissions or already deleted emissions heavy duty diesel trucks. If I had any money left I would be buying a fleet of Toyota Camry and Honda civics that are 20 years old. 2O20 +vehicles are garbage for the most part even Toyota Tundras have engines going to shit under 10k miles. The heavy duty diesels are always in the shop it’s a disaster for companies with fleets.
If you don’t physically own whatever you are investing in it is at risk at this point. Only thing I don’t own is the copper. Look back 15 years ago to the MF global catastrophe where they took client funds and gambled with it, then got slapped on the wrist while their investors/clients got the shaft. One big club. I was invited into the club when I was in my early 20s and decided to stay independent.