Bac0n wrote: I know I have to keep you all informed, otherwise you will lose your life's savings. And saving money when you're a ditch digger is hard. So here it goes.
headline.
MARKET CRASH
Now for us crypto "investors" .. ( I use the term investors very loosely of course, as most of you aren't investors) .. it's easy for us to keep an eye on the price of bitcoin while ignoring all other broader market indicators.
The US has printed 40% of the total money supply in circulation within the past year.. let that sink in.
the money supply has grown exponentially, due to QE, and other central bank scams. It is only a matter of time before hyper inflation and overall economic collapse follows. Now when exactly this will be no one knows. Even me with my above average intelligence and insight, am not able to pin point when this collapse will happen.
so you're probably sitting there reading this, with your helmet strapped tightly on your head, and your bib catching your drool, wondering "what should I do Bac0n?"
well I'm glad you asked, Buy Bitcoin, Buy gold. Once hyper inflation happens, citizens will default on loans. banks will default on loans. Central banks will default. And with interest rates being at an all time low. They can't slash them anymore without incurring negative rates.
DOW and NASDAQ sell offs this week show that the house of cards is already on unsteady ground.
so to summarize, even though bitcoin is a good investment, and by extension bitcoin mining companies are good investments. It won't matter when the currency the markets run on (fiat) has the value of toilet paper.
keep your heads on a swivel, and sell it all before this crash happens. Otherwise you won't do just be a bag holder.. you will be naked and dirty digging through a dumpster looking for a meal.
as always the smooth brain morons will try to chime in with their baseless, empty "opinions" .. you would be wise to ignore their rambling words.
if you don't know how options trading works. You certainly shouldn't be listened to when discussing wider economic indicators.
You're welcome.
*puffs cigar*
-Bac0n