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re: Trust in Central Banks is Eroding Fast

Posted on 9/29/22 at 10:27 am to
Posted by Fat Bastard
coach, investor, gambler
Member since Mar 2009
72545 posts
Posted on 9/29/22 at 10:27 am to
quote:

It may make sense to allocate some funds towards Bitcoin at these levels.


YES AND PUT IT ALL IN CELSIUS! 11% GUARANTEED RATE!
This post was edited on 9/29/22 at 10:29 am
Posted by Upperdecker
St. George, LA
Member since Nov 2014
30550 posts
Posted on 9/29/22 at 10:49 am to
Hey guys, OP here. Trust me, bonds are bad. They’ve only been historically the safest asset class, but they’re down 75% in the past year. Instead, you should buy historically one of the least safe asset classes, which also just happens to be down 75%. Bitcoin will definitely hold its value and bounce back, not bonds
Posted by Decisions
Member since Mar 2015
1471 posts
Posted on 9/29/22 at 11:07 am to
Everyone needs to stop trying to reinvent the wheel. The safest place to be during a U.S. Fed rate hike environment is U.S. dollars. If you have more appetite for risk then by all means short everything you can get your hands on.

Do this until something important breaks and the Fed pivots and then go long. It’s really that simple.
Posted by Hussss
Living the Dream
Member since Oct 2016
6742 posts
Posted on 9/29/22 at 11:17 am to
I’ve said it since 2018. The grand finale is when all faith is lost in central banks and central planners.
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
80765 posts
Posted on 9/29/22 at 1:17 pm to
I hope you lose this week in the Guillotine league for that terrible take
Posted by Upperdecker
St. George, LA
Member since Nov 2014
30550 posts
Posted on 9/29/22 at 2:14 pm to
quote:

I hope you lose this week in the Guillotine league for that terrible take

Well CMC looks to be taking the rest of the year off so I may be on my way out

Dammit didn’t check OP names before I bashed you haha
This post was edited on 9/29/22 at 2:15 pm
Posted by el Gaucho
He/They
Member since Dec 2010
52925 posts
Posted on 9/29/22 at 3:44 pm to
I wish the government would use our tax dollars to prop up the stock market instead of poor people

At least the stock market is fun all poor people do is shoot at you
Posted by UltimaParadox
Huntsville
Member since Nov 2008
40839 posts
Posted on 9/29/22 at 4:45 pm to
Bag holders running out of suckers, these threads aren't as common anymore.

At a developers conference im currently attending, every speaker has some sort of joke about crypto "technology".
This post was edited on 9/29/22 at 6:19 pm
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
80765 posts
Posted on 9/29/22 at 9:09 pm to
quote:

every speaker has some sort of joke about crypto "technology".

Good, damn near all of crypto "technology" is a joke
Posted by Strannix
District 11
Member since Dec 2012
48866 posts
Posted on 9/30/22 at 7:18 am to
quote:

From "inflation is just transitory"


What if I told you they were lying, I am sorry people but youre literally fricking retarded if you didnt see this coming.
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
80765 posts
Posted on 9/30/22 at 9:42 am to
quote:

What if I told you they were lying, I am sorry people but youre literally fricking retarded if you didnt see this coming.

A lot of us on Money Talk did. The traditional finance guys here were in denial
Posted by Strannix
District 11
Member since Dec 2012
48866 posts
Posted on 9/30/22 at 12:30 pm to
Oh I know there were some, but most were just clueless.
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