View Single Post
Old 02-26-2021 | 12:05 PM
  #98  
gloopy
Gets Weekends Off
Liked
25M+ Airline Miles
Line Holder
Gets Weekends Off
 
Joined: Jul 2010
Posts: 12,821
Likes: 153
From: window seat
Default

Originally Posted by Trip7
Dr. Michael Burry on Bitcoin...
He also just warned that the entire foundation of the non Bitcoin ("traditional") system is ripe for Wiemar levels of hyper inflation/depression/crash. What we've done in response to the viral helmet fire we set on purpose is far beyond the attention span of the quarterly numbers crowd. Lots of damage has been done and more is on the way. Good luck finding safety anywhere if his over all prediction comes true, especially stocks or real estate, and "fuggetabowtit" for any savings. If that happens having some Bitcoin is likely better than having none.

Trading it takes even more skill and "time on screen" than anything else. 24/7/365 in all markets in all currencies and traditional alghorithms don't seem to apply as well. The entire sector is still trying to figure out what, if any, new MA's to use. Good luck trading it, or anything else when the house of cards comes down. Not financial advice.