Im beginning to wonder if the economy is going to be able to hold up long enough for Bitcoin to hit a new high. Gofundme has warned that people have started crowdfunding money to buy groceries. A house in my neighborhood just sold for 30% below the price at the peak. A ton of government employees have been let go this year and a ton more are about to be fired. People are self-deporting. Amazon is replacing half a million employees with robots. JP Morgan is warning that we may be headed into a recession. China is playing hardball
Im aggressively selling call options in hopes they hit and trigger sales so I can reduce my exposure to the economy. I guess well see how smart that is in a year.
I've said before that we are do for a correction (recession) mild/regular/heavy no clue....
btc imho will dump hardest if people are laid off and house equity is not there and cc are maxed etc....will go there rather then to traditional investments (broker) or
get a loan.....have to talk to people and look stupid and justify withdrawals or a loan...ech...
that will pass
the top 1% doubled their $$$ in assets in 2020 pandemic and I expect the same on the next correction if not more so
my 'vision' is HODL and some more 'btc dust' and stay out of debt and don't trip off a curb in front of a truck...simple goals
as to everyone else with supposed health insurance increases/layoffs/and the rest (current new cc interest rate is 23% or so my Coinbase Capital One Card I just got
that pays 4% a year in BTC depending partially on what you HODL on Coinbase to get over 2%) I 'do' plan and 'can' pay each month so does not affect me..but really?
23% FML
so put aside some cash for if bad times come....worse case you end up with a surplus in anticipation....best case none of your preparations are needed
The top 1% folk are like an Iceberg..it does just fine and everything just gets out of the way as it slowly chugs along....with rising tide and stock market and
btc and other speculations and investments...all is well
if bad times like an iceberg rolling over into a new shape...simply double their money ...the top 1% by buying under valued assets for the future recovery
bottom end or top end..it is still an iceberg chugging along. Do suspect on this next downturn the top 1% are gonna make a lot more $$$ in 1-4 years then
just 'doubling' their money though..
be an Iceberg
accumulate btc and HODL in either of the above scenarios.
always remember I know zip..just an old fart OG on Bitcointalk....
