source
Do not be surprised to learn that there is people connected
to the internet and they have no clue what bitcoin is. At the same time
seeing the progress by cryptocurrency in general, people with vast amount of funds
still doubt what crypto will become. It could be the fear of losing control over
what make them wealthy and see a new form of currency coming to the market.
The bond king had some wise connotations from one of his speech. As always he has
to talk about bitcoin. Most of his wordings do make sense on what we see flashing
before our eyes. Having a look at an article it is sure 2020 changes the way everyone
sees the financial market and a wealthy persona is not exempt from many.
"Valuation makes absolutely zero difference when you're in a true, brutal bear market. You just go to prices that you just can't believe."
Maybe we can say that for Hive to an extent where we see the value of Hive seems to spread down and not follow bitcoin in this stage. No worries for now cause we have hard fork out of the way and just less than a year. It will come back. Strong community is backing this incredible blockchain. We have an effervescence second layer community building on the back of Hive. Who knows what will be next.
This quote helps a lot in the stock market as well. Go with the company you trust that will deliver return after return.
"I'm actually long the dollar now, even though I don't believe in it at all. It's a good investment for the next five years." Gundlach added that he was "very, very negative long term on the US dollar" because of the ballooning budget deficit and the prospect of higher inflation, and that he sees betting against it as "the big trade for the years ahead."
What more can I say, this is the transition currency for the time being. We all need the dollar to move around. Unlike his move, in the crypto market we bet on this technology to ride with the dollar. It may sound absurd but that is how we play the game. Always need the dollar to react funny to gain strength with crypto. This is the reason crypto will carry is weigh and be the common currency ever.
"If you want to own US stocks, you should own those six knowing that you're going to take a bloodbath if you overstay your welcome ... You've just got to have your finger on the exit button or pretty close by, but I think that's your only chance of making money." — advising people that they should own Apple, Amazon, and the other "big tech" stocks that have driven the market in recent years.
Now he is talking my language. Diversification is key. Since crypto is all about technology, it makes sense to own every bit of company that support it. Apple maybe acting a fool with crypto but we know Amazon AWS is one way it enables the world servers to stay put. So far I am a learner of the market. Experience and take out the emotions are the indicators of a winning trade. Long term plan will cool you off.
"I do think that within 18 months it's going to crack pretty hard. When the next big meltdown happens, I think the US is going to be the worst-performing market." — predicting a stock-market crash that would be exacerbated by a weakening dollar.
He is not the only one predicting a crash of the market. It could be the rise of bitcoin. The situation is unstable, that could be the writing on the wall. The dollar is on a free fall forever due to inflation and printing paper money and QE. On the other hand bitcoin has a number where we all know that's it, only 21 million. Like we all know money moves from hands to hands. The dollar was created for exactly that purpose, keep it moving and find ways to earn more.
"I don't believe in bitcoin. I think that it's a lie. I think that it's very tracked, traceable. I don't think it's anonymous." Gundlach later added that he was "not at all a bitcoin hater."
When you hear someone said I do not believe in something, this is doubt. At least he knows that bitcoin is traceable and have an idea about its security. Time will tell if he will jump ship. Maybe to early for him since he gathers his wealth in the bond market. Very soon crypto should provide many services with much efficiency and security no need for a third party.
He is getting there. More big companies are joining the bitcoin train so it is a tipping time clock before bitcoin will be on everyone's mind.
He did say quite a few interesting facts. Looking through his lines you can see how conservative he is and that is the reason we all need to find a common ground with his ideas.
Needless to say the power of the crypto community will force him to make an ample move since he is an investor, they always come and enjoy the party.
Make sure you grab some satoshis.
Posted Using LeoFinance Beta
The fact that he seems conservation makes me understand that he's not completely overuling the success bitcoin will accrue over time. He knows he does this at his own peril.
Nevertheless despite all the whole doubts most companies are buying in steadily. It's how it'll grow into what will be sustainable and the hoax of volatility wouldn't be argued anymore
NO doubt many like him jump ship quick
the minute they see opportunity bright as sunshine.
Posted Using LeoFinance Beta
@pouchon, No one can neglect one Truth and that is, nothing achieves Mass Adoption without becoming Mainstream and without coming into Limelight. Stay blessed.
Congratulations @pouchon! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s) :
You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word
STOPTo support your work, I also upvoted your post!
Do not miss the last post from @hivebuzz: