Apparently the Crypto thread got deleted.
I don't understand the hostility toward crypto. If you don't like the investment idea then don't follow it with your money.
Buy treasuries and build out bond ladders instead but
be careful as many think that at least 6% will be the new basis going forward for a very long time.
Or buy value when things drop further and PE ratios sag to the point where solid companies are trading below 6 to 1 as 2023 is anticipated to usher in one hell of a recession which should freak out the investor class into risking off to cash positions and selling!
Think crypto is a ponzi scheme, then put your money where your mouth is and short the hell out it.
I already
posted a video on the method of shorting bonds, well crypto works the same way so, call your I-banker and tell them I'd like to take a short position in bitlesscoin with a default swap
and make videos to send to your fellow traders and investors taunting them and especially after you've
covered your short position, and gone long!
Or for that matter find any asset class or company that has only been able to exist on low interest loans that are all but dried up these days or from over speculation caused by the fear of missing out. Such targets deserve to be shorted because they are over-leveraged, unaware of what their leverage exposure is, or no plausible reason can be found why the asset's price will continue to increase over the next 24 months. Back in the Great Recession the shorting plan worked like this:
1) Find an institution that is in trouble or so convoluted that it doesn't know what assets it owns.
2) Take a heavy short position with CDSs.
3) Short the common stock.
4) Watch the credit rating downgrade wipe out liquidity effectively freezing the company.
5) And the treasury to step in and wipeout shareholder value.
6) Reap hordes of money covering cheaply.
7) Reap more money collecting money on the wiped out CDS.
8) Find a new target of opportunity like the idiot who sold you the CDS, like AIG or something.
9) Rinse and repeat all the while knowing that no bulls will stand in your way because they lack the confidence to do so.
10) Welcome to one of the greatest short-side momentum markets ever known.
