Stock crashing

I bet on $35000 before it bounces back.
But it should keep a value for a couple of years.

The problem with Schiff is he can't admit when he's wrong, which is a horrible trait

I think that might be exactly whats puts me off about him. He have 5000 reasons when he wasn't right, instead of just owning up to it and move a long. It would be a much more honest approach.

I do not follow the stocks or the sector, but is this just a temporary or a fundamental change within the industry?

No idea. I can not predict the market, but only react to what happens. Any prediction from me, would be be repeating someone else's words, and no point in doing that.

I'm just waiting until its stable again so I can buy in


I'm just happy I have a stop-loss mechanism

Buy the dippity dip!!!

You've hit the nail on the head with that comment!

I watched a 1 hour video of a seminar he did in Australia (think it was 2018) and it was an entire hour of him doing that exact thing, a thousand reasons why his 2008 predictions didn't come true and why.

I'm just thinking "People have paid good money to listen to this bullshit"

I get the impression that he's the type of character who would rather be correct (with his predictions) and watch the world burn just so he could finally say "see I was right"

Nobody cares about your paper trading account, brokedogg



To the rest: This has been the longest bull market in history, and the market is detached from the economy. All time highs during a time where the world locked down for a year? Makes zero sense. Once the fed stops manipulating the market by printing trillions of dollars, the market will come back down to earth.

I’m sitting on cash until they stop printing money, and then I’m buying leap puts on all the overvalued tech companies far OTM. My risk tolerance is super high so either I crush it or get crushed.. I don’t think they can keep these valuations up for much longer though so it feels pretty safe.

As far as Bitcoin goes, I see it dropping back down to 25-30k and then within a couple years breaking out to 60-100k. That’s usually how it works, but then again there are big institutions buying now so I don’t know if it will correct as drastically as the past.. especially with people losing faith in the USD.

Good luck everyone. As always, don’t invest more than you can afford to lose. Also don’t FOMO into things that have already seen astronomical growth because we’re long overdue for a bear market.

I'm guessing you cashed yours early and now you are bitter as fuck. Every post of yours is about how its going to crash and we all going to cry. You said that at 8k, 12k and now at 50k. Meanwhile I made ~600K so far.

I lost a few k, but i bought more on the dip..good luck

This makes sense....I made quite good money with Occidental though....it's still kinda low, i feel like buying more.

I can't wait to crash.

same here

What's your timeframe for the bust?

I think we're looking at September this year, I think there will be a melt up promoted via a post covid/immunization summer boom, one last dose of euphoria before the chips come crashing down. The reality is, once they open up the economy again and stop all the financial support measures, that's when the insolvency really begins.

That's my view anyway

Could be. The money has been printed. It's not going away. So even if the printing stops, it's still there and needs to be parked somewhere. The insolvencies mainly rest with the middle class and below, who will effectively be made serfs. This class struggles to pay rent, so they are not the ones investing in the market. Therefore, they are unlikely to affect the market.

Sad as it sounds, the world has moved onto MMT. The fed has printed money, but so has every other country. China, for example, has a money supply equivalent to the US and EU combined. Their printing press is on another level, and still going.