And I've been trading BTC/USD, ETH/BTC, and various shitcoin/BTC pairs from the near beginning. I majored in economics, mathematics, and computer science. I finished an MS thesis in monetary economics, and an MS in cryptography, with multiple courses taken in distributed systems. Upon finishing my graduate school, I joined a leading macro fund as a quant trader (my side hobby was investing).
All the fibers in my body tell me that this is (about) the bottom for crypto. What the global financial markets are about to face will be unparalleled. We have populism, nationalism, and fascism rising by the day. This only happens right before economic crises. This time it has to do with the central banks. But you knew this. This is why you believe in cryptocurrencies and smartcontracts.
I'm trying to tell you that if you hold BTC, ETH, and an index of various top alt-coins, the people around you will be thanking you for decades to come.
According to financial economics research journals, the best hedge funds to invest in during financial crises are global macro and multi-strategy funds. All you need to do is follow what the top macro and multi-strategy funds are doing right now. It's all publicly reported. For example, the biggest hedge fund on earth is Bridgewater. They happen to be a macro fund. What is Ray Daily currently selling? A book on economic crises. His thesis is that the expansion and contraction of credit occurs because of human nature (overspending), and people look for a scape-goat to explain their own flaws. This is why populism rises right before major crises.
WE HAVE A CURRENCY CRISIS ON OUR HANDS. Even the great currency speculator himself, George Soros, predicted 30+ years ago, that eventually the free-floating currency system will eventually collapse.
How bad do you suspect the collapse will be and how quickly do you think it will happen. Is it a good idea to prep?
Mason Richardson
Neat. As a delusional bag holder I can always use more rationalisation.
Jaxon Cox
Im bullish in the long term, but in the short, this its going to dump to atleast 3200, meaby one week more and were done, major movements on crypto wallets this days.
What portfolio will you hold?
Im a trader, but this may be a good time to build one.
Anthony Collins
fuck off back to plebbit you larper. no one’s going to pump your bags here.
Colton Morgan
UNIRONICALLY THIS
Jacob Williams
For someone that’s at least in their fifties from the larp in your title, you speak like a millennial with no experience of having lived through a number of short term debt cycles that you seem to know so much about (being so well read in Dalio’s book, of course).
You’re not wrong on a fair chunk of what you said, but you just need to larp better, friendo. Holding magical 1s and 0s isn’t going to save you when the long term debt cycle collapses. Cold hard cash will. People need to eat groceries and bathe in clean water and have lights turned on in their house. ____coin isn’t going to do that. Hold cash while shit hits the fan and buy cheap things after the fact, and for the love of god, buy low sell high for once in your miserable neet lives.
Crypto should have shifted power to normal people, but the rich will grab most of it up. The economic collapse will be from gambling, overspending, and the sheer efficiency of business and trade now. This will leave a lot of people in dire straits. There are already wild packs of people trying to move from country to country. The environment is going to shit. Every person in the world is contaminated with Dupont compound-8. At some point we will all be retarded.
Conservative environmental policy and economic policy are very important. We need to stop being wasteful and ignorant.
Crypto is the redpill. But there is a lot of work left to do. The old shit is going down. Crypto is the final wealth paradigm in whatever form it takes.
Jaxson Watson
>Cold hard cash will. I'm going to have to charge you 1000 dollars for that cheeseburger, boomer.
Jonathan Morris
Depends which country you're in.
Stocks: reduce your overall exposure, and hold only the best dividend-paying stocks. Companies that control a lot of petroleum, fresh water, minerals, and metals are also a good hold. The world is fighting over resources. Watch the water-ways: Jordan river, the Nile, tigris-euphrates
Bonds: USA. Trump is a god-send economically.
Crypto: BTC, ETH are safe. I'm personally not "holding" alt-coins, but I'll trade em for more ETH and BTC if I see a setup. ETH == average value of what is built on top of the network.
Gavin Martinez
When the world already starts to look like the cities and people in AKIRA, you know we're totally fucked.
William Stewart
You're right, only from the perspective of a citizen from a western nation. The rest of the world will be showing up at our borders when this crisis occurs. Thanks for contributing to this thread
Ethan Reyes
I should also add that if you're in a country that allows public companies to own farmland, then you should look into buying shares
Zachary Campbell
>ETH == average value of what is built on top of the network. i like that
Ayden Butler
What will happen, hyper inflation or total collapse?
Cameron Russell
Unironically
Luis Rodriguez
deflation, collapse of some countries. rush to use BTC + ETH as currencies, rich people rushing to profit off the poor genuinely trying to use crypto to properly live life. don't forget staking rewards.
Dominic Parker
> What is Ray Daily currently selling?
it's ray dalio and your post is retarded
Angel Bennett
I just realized that I wrote 30 years instead of 20
Nathan Peterson
>I majored in economics, mathematics, and computer science three lines down >We have populism, nationalism, and fascism rising by the day. This kills the LARP. You're just a Jow Forums user and none of the above. Watch cryptos fall much further and the S&P 500 nearing record highs again 2nd quarter of 2019.
Henry Morgan
We don't have populism, nationalism, and fascism rising across the globe? You're really dense, aren't you?
Landon Ortiz
Hi OP, how long did it take for you to get three degrees?
James Peterson
Could you join Euclid's Coin Window on Telegram? We might have a meaningful discussion there
Aaron Ross
5 years. >econ: intermediate micro, intermediate macro, advanced micro, advanced macro >math: real analysis, complex analysis, algebra, graph theory, probability theory >computer science: programming, algorithms, data structures, systems programming, operating systems, networking, theory of computer science, databases these are what got me into graduate school. You may not be able to cover all of these classes. It depends on your school. I just got lucky.
Oliver Martin
Yoo my bear bro niggers are right
THIS SHIT IS GOING TO 0 AND WE WILL BE RICH BY SHORTING IT.
Jacob Morales
Shill me your favorite shitcoin.
Owen Howard
>I'm trying to tell you that if you hold BTC, ETH, and an index of various top alt-coins, the people around you will be thanking you for decades to come. > >You are among the future elite.
I want to believe you OP, that crypto will rise up to such heights, but I'm afraid that with all the propping up they're doing, and the possibility of bailouts and such... it won't be in our lifetime. :(
Angel Nelson
OMG.
Colton Watson
Ok, you're legit. How do you see Vanguard faring in a monetary crisis?
Isaac Morris
But Ray Dalio thinks crypto is a scam. And why are no macro funds holding any crypto. Your LARP doesn't make sense user.
You think boomers would keep their money in a fund that holds crypto? You’re the one that isn’t making any sense. Investors would pull money left and right.
Thomas Cook
>which product How about a quick rundown of how their general mutual fund vs ETFs will go.
This is an unbelievably naive thing to say. In anticipation of a monetary crisis, if a fund starts to build a position in crypto, then the investors (who look up to Warren Buffet and similar boomers) will look to pull their money. These are the ultra rich. They’re not going to be effected by the monetary crisis either way. They just don’t trust “magic internet money”.
Dominic Garcia
>populism, nationalism, and fascism rising across the globe You're retarded if you think those have any relevance whatsoever. The global situation is far different now than in the 30s. In Germany, the dwindling aristocrats still had some power and communism was an existential threat to the establishment. They allowed fascism to win to defeat labor movements. Now, fascism poses an existential threat to the world establishment, while the labor movements can be easily suppressed with increased handouts, high grade marijuana, sex, and media. Fascism has no chance of doing anything besides burning out the last resistance that native fighting men can offer before their replacement and reprogramming.
Christian Gutierrez
at the start of it, there'll be liquidations, as people will rush to buy stuff before real market can adjust itself, or rather dust settles. But, once crisis is "confirmed" best people can do is play dead and hope they don't get fucked too hard.
Ian Robinson
I could really use a hit of hopium concerning my LTC bags. It's the same thing as BTC, but without the bcash drama. That's gotta count for something, right?
Caleb Thompson
yeah, he doesn't sounds like a quant that majored in econ, math and CS he's really persuasive
Eli Powell
Post proof of your degrees you lying faggot.
Kevin Brooks
How will the rich rush to profit off the poor?
Mason Phillips
This. Post proof and timestamp or LARP.
Ryan Long
OP plz respond
Tyler Hernandez
Bump
Jeremiah Wright
A quant doesn't appeal to emotion. Shitty larp desu.
Robert Hughes
he is right and you are wrong and retarded sorry kiddo
Logan Price
A quant wouldn't try to establish his own authority. He would just give the rational opinion.
Asher Phillips
Op, do you think holding some physical metals in addition is a meme? I fucking hate apocalyptic goldbugs...
Brandon Ross
Hi OP. I'm a worthless pathetic neet. I'm balding. I'm 30 years old. I'm a lonely faggot. And I also did a 100x in this year alone. And let me tell you this one thing. This shit is dropping to 1800 and there is nothing you can do about it. Also I called this drop at 18k so go kys.
Christopher Moore
how did you 100x
Adrian Flores
eth ponzis>holo>link(lmao) for bithumb pump>xrp>qnt
Brody Johnson
You’re young and you haven’t read enough history. Anyway, I didn’t say anything on the effectiveness of these various strategies. Appeals to the population, “strength in numbers”, etc. occur before and during crises.
Landon Brooks
oh look another person predicting the end of everything and the doom of our system, WOW!
>They just don’t trust “magic internet money”. but they will; it's just going to be a generational change and not a 1-2 year change like many of you hope for. the beauty of all of this, is it's trustless when done right.
