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Michael Burry last tweets were warning of a stock market crash
Posted on 4/13/21 at 11:01 am
Posted on 4/13/21 at 11:01 am
Then apparently the SEC reached out to investigate him and he deleted his Twitter account
LINK
Keep the money machines printing, though. No risk at all!
quote:
Michael Burry has deleted his Twitter profile.
"The Big Short" investor swore off tweeting in March after SEC officials visited him.
Burry has warned of bubbles in stocks, cryptocurrencies, and other assets this year.
LINK
Keep the money machines printing, though. No risk at all!
4
Posted on 4/13/21 at 11:04 am to stout
He was saying that toward the end of last year too. I listened to him (and others) and lost a lot of money by moving it out of the market and into less volatile investments. I just moved the money back into the market last week.
This post was edited on 4/13/21 at 11:12 am
Posted on 4/13/21 at 11:06 am to stout
With the money machine printing with no end in sight I don't see how crypto collapses. More and more people everyday are running from fiat as fast as they can.
I say print more. The faster we can devalue the dollar the faster we can weaken DC.
I say print more. The faster we can devalue the dollar the faster we can weaken DC.
Posted on 4/13/21 at 11:08 am to stout
There is a twitter account that screenshots all of his tweets.
Michael Burry Archive
@BurryArchive
And agree that crypto is looking more and more like a potentially peaceful path to "disarming" out of control governments.
Michael Burry Archive
@BurryArchive
And agree that crypto is looking more and more like a potentially peaceful path to "disarming" out of control governments.
This post was edited on 4/13/21 at 11:14 am
Posted on 4/13/21 at 11:09 am to GumboPot
crypto is a paradox
crypto can only hurt DC if it becomes a currency
crypto has no real value as a currency if it's an investment
crypto is only popular on a mass scale because it's being used as an investment
crypto gains a lot of value as an investment...with fiat currencies flooding the market
crypto will lose popularity if fiat currencies don't inflate its value, but it will gain value as its own currency (while losing popularity)
crypto can only hurt DC if it becomes a currency
crypto has no real value as a currency if it's an investment
crypto is only popular on a mass scale because it's being used as an investment
crypto gains a lot of value as an investment...with fiat currencies flooding the market
crypto will lose popularity if fiat currencies don't inflate its value, but it will gain value as its own currency (while losing popularity)
Posted on 4/13/21 at 11:15 am to SlowFlowPro
quote:
crypto has no real value as a currency if it's an investment
Crypto is as much a currency as the printed base "money" that goes on the Fed's balance sheet for bonds and never leaves.
Posted on 4/13/21 at 11:18 am to GumboPot
quote:
With the money machine printing with no end in sight I don't see how crypto collapses. More and more people everyday are running from fiat as fast as they can.
I say print more. The faster we can devalue the dollar the faster we can weaken DC.
Crypto is in the last year of a 4 year cycle based on the halving of Bitcoin's mining rate. It will go parabolic later this year and then crash back down. The cycle will repeat in 2025.
This post was edited on 4/13/21 at 11:19 am
Posted on 4/13/21 at 11:19 am to stout
I have been saying end of summer or early fall. I am warning yall get your shite together if you already don't have it together. This Administration will be worse than Carter's.
Posted on 4/13/21 at 11:19 am to SlowFlowPro
quote:
crypto is a paradox
crypto can only hurt DC if it becomes a currency
crypto has no real value as a currency if it's an investment
crypto is only popular on a mass scale because it's being used as an investment
crypto gains a lot of value as an investment...with fiat currencies flooding the market
crypto will lose popularity if fiat currencies don't inflate its value, but it will gain value as its own currency (while losing popularity)
So buy crypto.
Posted on 4/13/21 at 11:19 am to SlowFlowPro
Crypto still has a usability problem which hinders its ability to function as cash for the masses. Scalability, user interface, protection from stupidity are just a few hurdles that need to be overcome.
In the long run these things will be fixed and parallel economies will be created at global scale that will rival existing nation state economies. The power of these economies will be leverage to combat tyrannical governments.
In the long run these things will be fixed and parallel economies will be created at global scale that will rival existing nation state economies. The power of these economies will be leverage to combat tyrannical governments.
Posted on 4/13/21 at 11:27 am to Douglas Quaid
quote:
he power of these economies will be leverage to combat tyrannical governments.
And the fiat countries will do everything in their power to crush crypto or develop "blockchain" federal reserve notes ( LINK) which would ironically promote the use of crypto to the masses and further destroy value of the dollar. The unintentional consequences of developing a federal reserve crypto would lead to more and more people becoming more familiar with the technology. The biggest weakness to a federal reserve crypto would be their inability to stop printing. They can't stop printing because congress can't stop spending beyond tax revenue.
Posted on 4/13/21 at 11:30 am to GumboPot
quote:
With the money machine printing with no end in sight I don't see how crypto collapses. More and more people everyday are running from fiat as fast as they can.
Crypto, silver, and gold.
Posted on 4/13/21 at 11:36 am to GumboPot
quote:
The faster we can devalue the dollar the faster we can weaken DC
The second DC feels threaten, they will ban crypto. Look no further than the fence around the capital following a rally. Crypto is dead in the water. DC will never allow it to supplant fiat. But someone is certainly going to make billions (see Elon Musk and Tesla) before crypto collapses.
Posted on 4/13/21 at 11:40 am to SlowFlowPro
You left out that state actors, fiat currencies, are the only players likely capable of manipulating the value of crypto currencies, specifically China.
Posted on 4/13/21 at 11:53 am to League Champs
quote:
The second DC feels threaten, they will ban crypto. Look no further than the fence around the capital following a rally. Crypto is dead in the water. DC will never allow it to supplant fiat. But someone is certainly going to make billions (see Elon Musk and Tesla) before crypto collapses.
Yellen was harping on the evils of crypto at her confirmation hearing.
Posted on 4/13/21 at 11:55 am to SlowFlowPro
quote:
crypto is a paradox
crypto can only hurt DC if it becomes a currency
crypto has no real value as a currency if it's an investment
crypto is only popular on a mass scale because it's being used as an investment
crypto gains a lot of value as an investment...with fiat currencies flooding the market
crypto will lose popularity if fiat currencies don't inflate its value, but it will gain value as its own currency (while losing popularity)
Crypto is the answer to a lot of societies’ problems
Posted on 4/13/21 at 11:56 am to League Champs
quote:
DC will never allow it to supplant fiat. But someone is certainly going to make billions (see Elon Musk and Tesla) before crypto collapses.
Bitcoin is supplanting gold and other stores of value and is of no threat to the dollar as it stands.
It’s also something they can’t readily confiscate if you move it to a cold wallet. Just saying.
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