Bad Money - My Predictions for the Coming Week in Crypto, Stocks, Gold, etc
It's all bad money sometime. Don't get too down about it. Here's what I think is going to happen....
(This is not investment advice, do your own due diligence and past results are no guarantee of future rewards).
Crypto is going to get hit hard this week.
Bitcoin is going to get beat down to around $6k - maybe even as low as $5k. All the other cryptocurrencies are going to get hit as bad or worse. There is a concerted effort by government and media (being pushed by banks) to drive crypto down and get it off the radar of the common person. Just when things look like they are going nowhere and the fear, uncertainty and doubt are at their highest - a big announcement will be made (maybe two or three in a short time). I'm not talking about Moneygram and XRP or anything like that - I mean BIG BIG BIG - Bigger than BIG.
The Stock Market is going to have a major correction
I know that some traders feel that the past few days have been major but you haven't seen anything yet. We're talking 2008. Consumer confidence is going to get tested on a scale we haven't seen since GM had to be rescued. And then, that big announcement.
Gold and Silver will trade sideways
And then the big announcement or a big political development. A news story that will fan the flames of FUD.
Interest rates will go up
This is going to be as high as they get for a while.
Two weeks from now EVERYTHING is going to be different. Totally different. If you are looking for safehavens for your money pick between Amazon, precious metals, or throw a dart at your favorite cryptocurrencies and take a roll of the dice. My personal bets are on Amazon, Facebook, Starbucks, Stellar, Litecoin, Cardano, and a little known currency called Po.et along with a mixture of Euro, Pounds, and Yen. I like Gold and Silver but they are too heavy. Also, you might as well buy some FUN because it is cheap and who doesn't need FUN in their life?
Where does my information come from? It's from my gut. So, with that being said, let me once again point out that this is not investment advice.
Captain Vapoor (that's me) publishes some compelling and sometimes downright weird shit. If you dig it - please
Follow me and Re-STEEM and comment so we can get to know each other!
In addition the following may be helpful to both of us:
Robinhood Crypto Trading Platform
If you want to buy or sell cryptocurrency you will need a couple of accounts:
Binance: https://www.binance.com/?ref=13319173 (I get a little bit from your transaction fees if you use this link - thanks)
Coinbase: https://www.coinbase.com/join/52d742c6c60a61f2a6000033 (Use this link and we both get $10 in BTC)
And for trading stocks on your iPhone (and soon Crypto):
RobinHood: https://share.robinhood.com/christd2392 (use this link and we both get a free stock like Ford or Apple)
If you missed the first installment of my story - here is the link to it:
A Noobs Guide to Blockchain, Bitcoin, and Cryptocurrency - My Story Part 1
And the second installment
A Noobs Guide to Alt-Coins and Cryptocurrency Speculation - My Story Part 2
And here is the latest installment:
A Noob's Guide to Investing in the Stock Market - My Story Part 3
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