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Of course they don't by some to an extent but masses still use it, including yourself. Everyone still transacts and uses their currency in western nations. If there is a currency collapse or hyper inflation it will get to a point where people do not want to accept it for goods and services...

That definitely is coming, just not sure what time frame that will be, could be a couple of years. They very well may pivot on rates and QE before hand to try and keep the system alive before a CBDC rollout. Besides a higher level of control, a CBDC doesn't solve all the issues out there and...

I agree, a lot of it depends on what the Fed decides to do as far as timing. No rush to get into anything right now The problem with this is if we get to any sort of historical norm in interests rates. All assets tied to cheap debt take a complete nosedive, mass bankruptcies of personal...

Another long time skeptic bends the knee....

Really no good options, the can has been kicked so far down the road for so long there really isn't a viable option. Attempt to save the currency and get inflation under control all markets completely meltdown. Attempt to save the markets and we potentially get hyper inflation. If I had to bet...

I would say determine what amount you want to get in and slowly add and spread buys over the next 6-12months. Very hard to time bottoms and being new you definitely will not be able too. I would stick with majority BTC and some eth. Spend time really learning about what you are investing in...

I have something somewhat similar in mind but with different net worth goals. If it is something you really want to do, simultaneously while you are building your nest egg, build an online income stream. There are a lot of options on what you could do, even a few grand a month could basically...

Alcohol is a big one. When I cut that out for around 6months, results moved exponentially faster.

I think you will have another opportunity, believe the fed is going to stay the course until something in the debt markets break. Personally, right now is about positioning for either outcome and not getting caught completely offsides. For me that is being in bitcoin/eth, commodities, metals and...

Yeah, a lot of variables pulling in different directions. Will be volatile both ways, at some point they will go back to cutting rates and QE. They just want to look like they are trying to tame inflation, reality is they would have to pull a Volker and get rates over the inflation rate to...

Yeah, a lot of demand destruction with raising rates and cutting back QE. I just like to sit in a trend I see happening over the next decade, not trade in and out. Maybe pull some off the table if things get really overheated.

I think you got the right idea, don't think there is any rush right now. I have bought a little since the last drop but am being patient. Think there is a lot more pain coming overall for the economy

I suggest learn how to self custody and get comfortable with that. It is one of the most important qualities it has. If you need help, happy to oblige. I like commodities as well, imagine they are going to be very volatile this decade but overall in a massive bull trend.

Pretty wild that the herd/general public is completely wrong on everything, never fails lol Sometimes it just takes some time Nice, alts are almost just a levered play on Bitcoin, you get exaggerated moves to the upside and downside. Only problem is over time they get replaced with new ones...

I think alts holding up well is due to most of this is giant funds and platforms forced selling of btc/eth, 3 arrows, Luna, Celsius etc. A lot of funds were tied to these. They were all highly levered up. This last leg down isn't coming from retail.

Human nature, polling your friends for sentiment is actually usually a pretty good counter indicator.

It doesn't matter what individuals claim it is to be, really have no control over that and they have no direct influence. What it is, is a decentralized rules based monetary system with a set supply that no single person or entity has control over. It is the most secure and robust payment...

This guy puts out some really well thought out material on current market conditions, he just posted this. He has been an OG in the space for a long time https://cryptohayes.medium.com/floaters-1085be6d6ffd

I bought some, just taking it slow though. A lot of leverage is getting washed out and few big funds are blowing up. Can certainly drop more but personally like this area to start some small buys. If it gets into the teens will ramp it up

Hard to determine if it is complete incompetence or this was the plan. Hard to see how this doesn't result in max pain for most.