US Stock Markets & Cryptos Crashing... Is This The Big One? Jeff Berwick on FSN
Jeff Berwick is interviewed by Kerry Lutz for the Financial Survival Network podcast. Topics include: the North American Bitcoin Conference, the crypto-bubble pops, a much needed cool off period, all bubbles caused by central bank money printing, problems with Bitcoin, Bitcoins rivals, privacy coins, the crash is just a side note to main events, crypto as asset protection, making stock markets obsolete, the technology is here to stay, parallels with the dotcom bubble, big buying opportunity, one world currency, Freemasons, numerology, the upcoming TDV Summit.
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Crypto crash, stocks heavily down (Dow suffered biggest single day drop in 122 years before recovering slightly). I believe bonds are ok at present! Will trump claim credit for this as he claimed credit for the market rises a few weeks ago?
bought Bitcoin at $10k thinking I was smart af for getting it on sale, But now it's down and I lost almost 50%..... fml....
thumbs up if you're in the same boat as me...I can't be the only one
Don't worry it has happened before. Wait a year or two and you should have your money back + %
I would suggest it is based off of a lot of new money entering the market over the last months and combined with people who have become savvy "investors".
I believe it starts with a minor drop (probably caused by legitimate profit taking or a random piece of "bad" news) and causes new investors to "panic sell" their coins (thus lowering the price even more).
Older and experienced investors then sell their stacks in the hopes of buying back in lower (sound strategy, if you know what you are doing). That decrease in price drives even more selloffs until steady hands can't pass up the opportunity to buy even more coins.
Eventually we will find the bottom and start all over again.
I believe this is the new "normal". We don't have office hours, we have scant regulation, and limited oversight; we just have each other--a global community.
People often say they want freedom, I suspect what they really want is comfortable prisons with "certified" people looking over them; as for me--I prefer a dangerous liberty. @dollarvigilante
Well put!
Thank you..!
It's a pretty interesting market at the moment. It feels almost like a heard of deer - one gets spooked and everybody runs downhill with them!
Anyone who did not take profits late last year has little brain power, and now less money....
The mainstream outlets are desperately trying to paint this crash in a positive light by saying that it was down to a strengthening US economy and potential for rising interest rates which markets 'don't like'. I'd say that was the understatement of the decade! 1
a very rapid decline soon find a solution
The warning has been deafening, for decades, and was trumpeted with renewed vigor after the Federal Reserve created several trillion dollars to bail out the U.S. economy to counter the Crash of ’08: the massive borrowing needed to bridge the gap between what the U.S. government spends and what it gets from us taxpayers in revenues will jack up borrowing costs, meaning higher interest rates, meaning
Awesome interview Jeff! I do believe Bitcoin will have a lengthy bullrun after the crash and there are other cryptos that will outperform Bitcoin like Bitcoin Cash and others. We still need to be wary of government regulation though, especially the IRS who wants to crackdown on tax evaders by pressuring the exchanges. But overall, I do believe crypto is gonna thrive as long as the people demands it.
Bro great content.
Master steemit