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SVTPerformance's Chain of Restaurants
Road Side Pub
BITCOIN
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<blockquote data-quote="Weather Man" data-source="post: 16616388" data-attributes="member: 137766"><p>It is all about where you are in life and risk management. There is nothing backing the value of crypto other than that there are people willing, right now, to exchange money for it. The Fed has pumped trillions of liquidity into the system. Other countries have pumped trillions. </p><p></p><p>The point being that no one knows when or who will finally lose confidence and stop buying debt bonds. But when that happens, the value of that countries currency will crater and most likely domino through the system. What is the value of crypto, backed by nothing, worth then?</p><p></p><p>That said, if I was 30 years younger, I would be riding this crypto pony and trying like hell to find an early warning sign to punch out with my winnings intact. The flip side being that anyone older with more than 2 or 3% of portfolio in crypto is a fool.</p></blockquote><p></p>
[QUOTE="Weather Man, post: 16616388, member: 137766"] It is all about where you are in life and risk management. There is nothing backing the value of crypto other than that there are people willing, right now, to exchange money for it. The Fed has pumped trillions of liquidity into the system. Other countries have pumped trillions. The point being that no one knows when or who will finally lose confidence and stop buying debt bonds. But when that happens, the value of that countries currency will crater and most likely domino through the system. What is the value of crypto, backed by nothing, worth then? That said, if I was 30 years younger, I would be riding this crypto pony and trying like hell to find an early warning sign to punch out with my winnings intact. The flip side being that anyone older with more than 2 or 3% of portfolio in crypto is a fool. [/QUOTE]
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