Hi Readers
So we see the Stock Market now becoming extremely dangerous.
I say that for a few reason.
The SP500 stock yield is now lower that the 10 year US bonds.
The last time this happen was the 2000 tech boom where within 2 months after the Nasdaq market collapsed 50% and industrial stocks come off 30%.
After the SEC positional filings release we see professional money continuing to liquidate shares while those same people have been in the media telling retail to buy.
We also see the FED's minutes say that they are considering taping off, which should this be the case i worry for what will play out.
Sure some will say we know this is coming and that the above is old news, but if its one thing i have learnt is that fear runs far quicker that greed.
To the Crypto traders we have seen the market take a serious beating, and before you all start believing the bullshit that so many spin on youtube and twitter, let me just say this.
No Bull market looses 50% of its value and is in a bull market.
Yes you will have your 5-10% correction on a bull run, but its not possible to loose 50% of the value of an asset and still be in a bull run.
In Crypto as is the case it does tend to hyper extend to 25-30% but not 50%.
Bitcoin or Eth and for that matter any other Alt coin has lost over 50% value and its for this reason there is no Bull market..
It's the musical chair game where you need to find a seat before the music stops or your toast.
People playing the move as a correction phase are talking crap, as we have said it before until the house of fools stops your the one who holds the coins is the fool.
94% of coins make no money, the are hoping that people will believe there story and pay up for there coins, therefore your buy hopes and dreams.
Yes even Bitcoin makes no money, it is a storage of wealth i am told ?? really well every time the stock market get a smack in the mouth so does bitcoin, yes and gold,so the idea that its a storage of wealth is false.
It has value because of the scarcity 21 million and that there is fools happy to pay $30,$40 or $60k for it.
Once again we are in the fourth year of the cycle and no one said it ends in December, it could have already ended.
There will be a time to buy and hold it but not now, yes there is trading opportunities in it but you need to be watching the screen 24/7 as changes are happening hourly.
The fact that 40% of bitcoin storage coins came on to the market wasn't reported until after the fact, yet Glassnode and other muppets come out and are quick to give any reason for what occurs for a bullish case.
Companies and individuals have there own agenda so its best to do your own research before listening or reading peoples views.
after the fact everyone is right,and the world does know that everyone trading crypto has made serious money.
Ideal for scams and estate agents to fleece.
Before the email get shot at me let me make it clear apart from my bitcoin ,ETH and UBT, all other crypto's I sold are now lower than what I sold them at back in Dec-Jan.
Its ok to stay in cash and be ready for bargains when they come.
Disclosure
I only hold 100,000 STMX at 4.5-5 cents Australian.