@marketreport Thank you again Greg! I have spent my most of my life working with ex-cons, former drug addicts, and the homeless and I try to change other people's perception of them as well. Hopefully that counts as giving back!
Can you do a video from a traders perspective of crypto bubble? I have a couple of friends who are precious metals advocates which i am as well that think bitcoin is a bubble and no asset class should be rising the way that crypto/bitcoin/ethereum is rising. I understand his point it's the hyperflation that is coming and the collapse of other currencies, economies, and political instability that is causing this increase which is why i don't think we're anywhere close to a bubble. I like to stay open minded and I believe we're right, but this is also my friend that introduced me to precious metals and i do value his opinion.
Until the venerable Greg replies, I have read many items by people who have absolutely no understanding of the cryptoverse claiming that it is in a bubble. Japan accounts for 40% of bitcoin now that they made it legal tender. There are many big corps invested in ether, which is not a currency so much as a token, and there are many more to join soon. I wish I had put some of the money I put in metal into the btc.
I agree. The bitcoin bubble is just the beginning. Rich Chinese continue to try finding ways to get money out of China. So bitcoin has much higher to go, I think. There has been too much dirty money made among the politicians and the businessmen in China. To avoid being investigated, as well as the coming collapse in the real estate, they still have yet much more money waiting to get out. The Chinese government continues to impose more and more regulations on money in the banks, so this has been the only way to get money quickly and in large sum out of China. This is why the price skyrockets everyday, because the Chinese trade bitcoins in large amounts.
Greg, king dollar is slowing becoming the jester. Cryptocurrency are off the chart. I can see it now, Fed with a dumb look on there face just wondering how can we handle cryptocurrency. Great video. Thanks for always bring things to the for front. Untill next time... stack it high while its low.
Greg, Thank you for all you do. I just joined steemit as per your recommendation! I've been following your work for a couple years now and you are one of the most altruistic people I know. Your time and energy is much appreciated. Cheers!
The action has been interesting. I have been following RUB the Russian Ruble and the chart is very interesting in January of 2016 the dollar peaked at about 78 rubles to the dollar and now sits at 56.51. When you look at a chart of the ruble to dollar it appears as a inverse to the S&P. The S&P is up 16.85% year over year. While the dollar has lost to the ruble approximately 15.33% year over year. One can conclude that it is not the market going up it is the dollar going down. Especially when one looks at the action with crypto currencies adding to the evidence.
@marketreport what do you think about oil long. now that saudi just signed the arms deal they clearly cant afford with the us. Oil prices up by them to pay for the deal???? Just a thought seems like they've done this time and time again. Thanks for all the work greg!!!
How long do you think before we're really in trouble? I'm telling my family about this and trying to diversify now before it's too late. Is it too late to buy bitcoin now or should I wait till it possibly drops a few hundred?
I was asking myself the same thing when BTC was at $500.00 pulled the trigger and watched the volatility yet trend higher. In 2011 was asking the same but did not act on it. FYI no one knows but my research points to sky. Good Luck . If my past helps any at all thought I would share that.
Greg: Your spot on as always. In reference to the Bitcoin and Ethereum I want to add to my positions. That being said I feel there has to be a pull back possibly major just because they have gone up so fast in a short period of time. Any opinion on this?
We should observe USD Index tommorow - if it go up in sharply way (for example 97.50), that it will mean the begining of rising dollar (not good for PMs and commodities).
This post has been ranked within the top 10 most undervalued posts in the second half of May 22. We estimate that this post is undervalued by $70.25 as compared to a scenario in which every voter had an equal say.
Hi Greg, the 10 year yield seems to have trouble holding. Along with the USD index, do you think it is again signaling something about the stock market? Thank you.
@marketreport Thank you again Greg! I have spent my most of my life working with ex-cons, former drug addicts, and the homeless and I try to change other people's perception of them as well. Hopefully that counts as giving back!
Can you do a video from a traders perspective of crypto bubble? I have a couple of friends who are precious metals advocates which i am as well that think bitcoin is a bubble and no asset class should be rising the way that crypto/bitcoin/ethereum is rising. I understand his point it's the hyperflation that is coming and the collapse of other currencies, economies, and political instability that is causing this increase which is why i don't think we're anywhere close to a bubble. I like to stay open minded and I believe we're right, but this is also my friend that introduced me to precious metals and i do value his opinion.
Until the venerable Greg replies, I have read many items by people who have absolutely no understanding of the cryptoverse claiming that it is in a bubble. Japan accounts for 40% of bitcoin now that they made it legal tender. There are many big corps invested in ether, which is not a currency so much as a token, and there are many more to join soon. I wish I had put some of the money I put in metal into the btc.
I agree. The bitcoin bubble is just the beginning. Rich Chinese continue to try finding ways to get money out of China. So bitcoin has much higher to go, I think. There has been too much dirty money made among the politicians and the businessmen in China. To avoid being investigated, as well as the coming collapse in the real estate, they still have yet much more money waiting to get out. The Chinese government continues to impose more and more regulations on money in the banks, so this has been the only way to get money quickly and in large sum out of China. This is why the price skyrockets everyday, because the Chinese trade bitcoins in large amounts.
The Lion has our backs, while he rips the face off everything else!
I do have your back. I promise.
We love you Greg. And my Bankaccount does so too.
King of the jungle reigns supreme
Greg, king dollar is slowing becoming the jester. Cryptocurrency are off the chart. I can see it now, Fed with a dumb look on there face just wondering how can we handle cryptocurrency. Great video. Thanks for always bring things to the for front. Untill next time... stack it high while its low.
Hi Ray, might this be ware the 'Trojan Horse' aka Ripple comes into play? Am I right that this crypto isn't mined?
I belive your are correct @dasczecher
Great post Greg!
Greg, Thank you for all you do. I just joined steemit as per your recommendation! I've been following your work for a couple years now and you are one of the most altruistic people I know. Your time and energy is much appreciated. Cheers!
Resteemed. Thanks for the article Greg.
Thank you for keeping us up to date!
The action has been interesting. I have been following RUB the Russian Ruble and the chart is very interesting in January of 2016 the dollar peaked at about 78 rubles to the dollar and now sits at 56.51. When you look at a chart of the ruble to dollar it appears as a inverse to the S&P. The S&P is up 16.85% year over year. While the dollar has lost to the ruble approximately 15.33% year over year. One can conclude that it is not the market going up it is the dollar going down. Especially when one looks at the action with crypto currencies adding to the evidence.
@marketreport what do you think about oil long. now that saudi just signed the arms deal they clearly cant afford with the us. Oil prices up by them to pay for the deal???? Just a thought seems like they've done this time and time again. Thanks for all the work greg!!!
Keep up the good work and you are right help others its our revolving door.
Spot on! Thanks Greg!
Seriously the cryptocurrencies are the real store of value and the guns that wee should arme ourselfs with preparing for the crash
I wouldn't bet against gold and silver either though!!!
You are a wise and GOOD man Brother Greg! Thank you as always for keeping us in the loop! Traderschoice.net !! WAHOOOO
Thanks Greg for having our backs !!!
@marketreport No Surprise as usual but I appreciate you continually spreading the word and getting the message out to the uninformed! Good Job!
How long do you think before we're really in trouble? I'm telling my family about this and trying to diversify now before it's too late. Is it too late to buy bitcoin now or should I wait till it possibly drops a few hundred?
I was asking myself the same thing when BTC was at $500.00 pulled the trigger and watched the volatility yet trend higher. In 2011 was asking the same but did not act on it. FYI no one knows but my research points to sky. Good Luck . If my past helps any at all thought I would share that.
I was watching bitcoin at $250 and kick myself pretty hard about not buying. I did buy around 1900 though recently, but looking to buy more.
Greg: Your spot on as always. In reference to the Bitcoin and Ethereum I want to add to my positions. That being said I feel there has to be a pull back possibly major just because they have gone up so fast in a short period of time. Any opinion on this?
Yep I'd agree with this Pinball, I would suggest waiting for a pull back first. Nothing goes up perpetually without taking a moment to catch breath!!!
Your the man! I've been listening to you for a long time and suspected this would be your answer. Thanks for getting back.
New to this. I thought Greg responded. That's OK. We still agree.
LOL at 'You're the man'! ...I'm proud of that.....but seriously, I AM THE MAN!!!!
Resteemed. Thanks. It seems JNUG and NUGT are not always following by the gold price.
Always enjoy some Mannarino in the mornings with some coffee. Good stuff!
I only get the chance last thing at night....once the terrors are in bed!!!
Pay it forward...best. advice. ever!!
great...resteem and upvote for you....
Hello @marketreport
When the cryptocurrency bubble pops there is going to be blood in the streets.
Ripple will rip the face off the markets....
Greg is the best thanks for all you do!
Thanks for the insight. I look forward to your videos every day.
everybody jump into your astronaut suits, we gonna be flying high! :P
We should observe USD Index tommorow - if it go up in sharply way (for example 97.50), that it will mean the begining of rising dollar (not good for PMs and commodities).
Thanks for the info greg.very much appreciated.more power to you and Godbless.
Thanks Gregory for your insightful analysis and recommendations.
Thanks Greg!
This post has been ranked within the top 10 most undervalued posts in the second half of May 22. We estimate that this post is undervalued by $70.25 as compared to a scenario in which every voter had an equal say.
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Hi Greg, the 10 year yield seems to have trouble holding. Along with the USD index, do you think it is again signaling something about the stock market? Thank you.
Greg keep up the good work, you're a man of the people!
Thanks for sharing. I'm new to all this and it's nice to see you come highly supported. RS, UV, and FLWD