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Trust in Central Banks is Eroding Fast
Posted on 9/28/22 at 2:13 pm
Posted on 9/28/22 at 2:13 pm
From "inflation is just transitory" to UK's BOE doing an emergency 180 in their tightening policy to start QE up again to save the bond market from collapse, everyone is seeing the incompetency of Central Banks around the world. The once safe haven/risk free investment in bonds is at all time negative performance and showing some semblance of risk. Backed by the good faith and credit you say? What if that eventually just becomes "backed by good faith"?
Just throwing out that the biggest and most trustless financial mechanism in the world right now is down about 70% from prior highs. It may make sense to allocate some funds towards Bitcoin at these levels. Current price is ~$19k.
Just throwing out that the biggest and most trustless financial mechanism in the world right now is down about 70% from prior highs. It may make sense to allocate some funds towards Bitcoin at these levels. Current price is ~$19k.
13
Posted on 9/28/22 at 2:20 pm to TigerTatorTots
quote:
t may make sense to allocate some funds towards Bitcoin at these levels. Current price is ~$19k.
Posted on 9/28/22 at 2:31 pm to TigerTatorTots
I can't believe the market's reaction to such a clearly bad sign from the British Central Bank. Guess what? The clowns that created this problem have no idea how to fix it.
Posted on 9/28/22 at 2:46 pm to TigerTatorTots
Bought another full bitcoin this morning. My next buy level is $15,000 for a full coin.
If it hits $10,000 I will allocate 50% of my dry power to buying.
Bitcoin is the answer, we just haven't had anyone start asking questions yet.
If it hits $10,000 I will allocate 50% of my dry power to buying.
Bitcoin is the answer, we just haven't had anyone start asking questions yet.
Posted on 9/28/22 at 2:49 pm to TigerTatorTots
quote:
Just throwing out that the biggest and most trustless financial mechanism in the world right now is down about 70% from prior highs. It may make sense to allocate some funds towards Bitcoin at these levels. Current price is ~$19k.
Good buy.
Posted on 9/28/22 at 2:55 pm to I Love Bama
quote:
If it hits $10,000 I will allocate 50% of my dry power to buying.
I'd move that target to 12k. Below there and shite is hitting the proverbial fan.
I think we fill this inefficiency from 17-12.
This post was edited on 9/28/22 at 2:59 pm
Posted on 9/28/22 at 3:06 pm to MrSpock
Will be tempting. To the best of my knowledge, I can't find a better asymentrical bet than Bitcoin at these levels.
When the world does recover we will have another halfening as well.
Next 5 years will be a GOD LIKE bull run for Bitcoin
When the world does recover we will have another halfening as well.
Next 5 years will be a GOD LIKE bull run for Bitcoin
Posted on 9/28/22 at 3:27 pm to TigerTatorTots
Posted on 9/28/22 at 3:34 pm to TigerTatorTots
nice pump
now tell me how much your bitcoin is worth in fiat again?
now tell me how much your bitcoin is worth in fiat again?
This post was edited on 9/28/22 at 3:37 pm
Posted on 9/28/22 at 3:49 pm to DVinBR
quote:1 BTC = $19,538 as I type this
now tell me how much your bitcoin is worth in fiat again?
Posted on 9/28/22 at 6:26 pm to TigerTatorTots
Financial Times' Robert Smith"Jaw-dropping quotes on just how close we came to catastrophe today.
Senior banker describing the leveraged unwind in Gilts as coming close to triggering a "Lehman moment". Asset manager accusing the Bank of England of ignoring calls to intervene sooner"
Senior banker describing the leveraged unwind in Gilts as coming close to triggering a "Lehman moment". Asset manager accusing the Bank of England of ignoring calls to intervene sooner"
Posted on 9/28/22 at 6:51 pm to TigerTatorTots
Buy bitcoin and sell every 4 years. Rinse and repeat.
Posted on 9/28/22 at 8:31 pm to TigerTatorTots
We are getting to the stage where the people will see just how far gov'ts are willing to go to kill crypto.
I always figured a day would come where people would have to literally fight gov't to use crypto. Feels like that day is getting close.
I always figured a day would come where people would have to literally fight gov't to use crypto. Feels like that day is getting close.
Posted on 9/28/22 at 8:50 pm to Douglas Quaid
Pretty sure anarchy isn't the answer
Posted on 9/28/22 at 9:06 pm to I Love Bama
quote:
Bought another full bitcoin
I’ll sell you a Dancoin for 5k.
Posted on 9/28/22 at 9:18 pm to Douglas Quaid
quote:Odd, I don't get that feeling at all. Quite the opposite actually.
Feels like that day is getting close.
Posted on 9/29/22 at 7:46 am to Aubie Spr96
quote:
The clowns that created this problem have no idea how to fix it.
It's actually way worse than that. They don't know what the problem actually is but they are damn certain in how to respond to something they don't understand
Posted on 9/29/22 at 8:30 am to MrLSU
How can any rational person read that and feel good about where this is heading? frick.
Posted on 9/29/22 at 8:44 am to TigerTatorTots
At some point central banks will have to stop riding to the rescue. The reason for their intervention yesterday was a combination of an idiot policy announcement to cut taxes (and not decrease spending), borrow for both this and to pay for the energy cap the govt announced. And, to bail out pension funds who made bad bets on interest rate derivative hedges that collapsed because of an incompetent finance minister. Why these things are not outlawed is beyond me.
As Warren Buffet said derivatives are weapons of mass financial destruction.
UK central bank was faced with a choice of buy bonds to stabilize the market or allow large UK pension funds to become insolvent.
Incompetence everywhere.
As Warren Buffet said derivatives are weapons of mass financial destruction.
UK central bank was faced with a choice of buy bonds to stabilize the market or allow large UK pension funds to become insolvent.
Incompetence everywhere.
Posted on 9/29/22 at 10:05 am to biscuitsngravy
Keynesians can kiss my arse. Thanks for perpetuating the lies supporting government spending. While I'm at it, I would like to give a big F-U to Nixon for turning our currency into fiat. These dickheads don't know how to responsibly run the processes they've put in place. Guess who pays for their ignorance?
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