Anybody here invested in Crypto? Considering jumping into the shallow end, seeing that the U.S dollar wont be worth more than a Whataburger wrapper in a few years.
If so, whats everyones play? Fractional Shares of Bitcoin, Ethereum, Other?
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I have scaled OUT. Moved a 50k into ETH (among other moves) in March.
All are in a parabolic blow off right now. Stay away.
Best short dollar play right now: BUY YEN
We’re still in the start of the bull run for ETH and BTC and Yen is heavily manipulated, I’d never trade against yen.
Disagree completely.
Both are totally overextended and now broken. Zero support when market moves in gaps. The entirety of the parabolic move is always retraced, which is $550 -$650 on ETH.
The "bull run" broke out in July.
Yen approaching multi year breakout.
Yen is artificially manipulated by the Chinese, not even worth looking at unless you need to use it, this is well known. And we have multiple supports, 30K, 200MA, 61.8 Fib, we’ve been bouncing off them the whole time. We were in a bull run in July but it wasn’t parabolic like it is now. We’re going through the same thing as 2011-2013.
"Artificially" manipulated?
Dude, with all due respect, (you know what, fuck that) you don't know what you are talking about. "This is well known".
Whats the dif between "manipulated" and "artificially manipulated". Like saying your own personal opinion. This statement is idiotic.
ALL currency markets are subject to manipulation because, unlike equity markets, there are no front running restrictions or regulations. Size matters.
Leave the analysis to those who have been able to earn an actual living doing it.
I spent 8 years as a primary dealer. Keep your comments relegated to zero hedge with the rest of the larps.
you must be rich as hell if you moved 50k to ETH in March. It's at 1.1k right now! Amazing!
Thank you for telling me that. Really fascinating and yeah you've lived quite an interesting life.
Most times, with regard to ANY market, there is nothing to do. Currencies, equites, commodities, only do three things.
They go up, sideways, down, sideways, up...
If up, be long. If sideways (range bound) be in cash. If down, be short. There are usually only a few actual trades to make in ANY year. Most people over trade tremendously. My holding periods are usually measured in months to two years.
When you are LOOKING for something to do, that means there is nothing to do. Leave your cash alone.