Market Crash Watch Party

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Re: Market Crash Watch Party

Postby drstrangelove » Mon Mar 20, 2023 11:59 pm

https://www.treasurydirect.gov/

look at ibonds if you want inflation protection: https://www.treasurydirect.gov/savings-bonds/i-bonds/

The issue bonds have faced as of late is large price fluctuations. Meaning if you needed to sells your bonds before they matured to access your savings in cash you would be forced to sell at a 5%,10%, 20%, sometimes 50% loss. This is what happened to the banks. They were forced to sell bonds at a loss to cover deposit withdrawals.

If you are going to invest in bonds then shorter term are better than longer term at the moment. Stay the fuck away from long term government bonds unless you are prepared to never sell them and are happy to not have access to your savings until they mature.

The safest investment right now is avoiding investment by putting no more than $250,000 in an interesting bearing savings account. No matter what, you will always be able to withdraw whatever amount you deposit along with the interest so long as it's under $250,000. When you invest in something you lose control of the value of your money, for better or worse. With a savings account you maintain control.

It's easier to make money than it is to keep it.

(to be clear i don't follow my own advice and currently maintain a highly leveraged short position i've been getting killed on for the past three months :thumbsup )
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Re: Market Crash Watch Party

Postby Agent Orange Cooper » Tue Mar 21, 2023 5:14 pm

I would just buy Bitcoin.
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Re: Market Crash Watch Party

Postby stickdog99 » Tue Mar 21, 2023 8:10 pm

Agent Orange Cooper » 21 Mar 2023 21:14 wrote:I would just buy Bitcoin.


How?
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Re: Market Crash Watch Party

Postby stickdog99 » Tue Mar 21, 2023 8:11 pm

drstrangelove » 21 Mar 2023 03:59 wrote:https://www.treasurydirect.gov/

look at ibonds if you want inflation protection: https://www.treasurydirect.gov/savings-bonds/i-bonds/

The issue bonds have faced as of late is large price fluctuations. Meaning if you needed to sells your bonds before they matured to access your savings in cash you would be forced to sell at a 5%,10%, 20%, sometimes 50% loss. This is what happened to the banks. They were forced to sell bonds at a loss to cover deposit withdrawals.

If you are going to invest in bonds then shorter term are better than longer term at the moment. Stay the fuck away from long term government bonds unless you are prepared to never sell them and are happy to not have access to your savings until they mature.

The safest investment right now is avoiding investment by putting no more than $250,000 in an interesting bearing savings account. No matter what, you will always be able to withdraw whatever amount you deposit along with the interest so long as it's under $250,000. When you invest in something you lose control of the value of your money, for better or worse. With a savings account you maintain control.

It's easier to make money than it is to keep it.

(to be clear i don't follow my own advice and currently maintain a highly leveraged short position i've been getting killed on for the past three months :thumbsup )


Thanks.
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Re: Market Crash Watch Party

Postby Agent Orange Cooper » Tue Mar 21, 2023 11:29 pm



Lots of ways... assuming you're in the US https://www.swanbitcoin.com/ is a Bitcoin oriented service aimed at buying and holding for the long term - they even do Bitcoin IRAs now. You can buy it that way, or go through a crypto exchange like Kraken (who I trust more than some of the others...). If you have a smartphone, Strike is a great app that utilizes the lightning network for nearly instant transactions. You can buy less than a dollars worth of Bitcoin there, if you wish. From there you definitely want to learn how to self-custody by creating your own wallet and holding your own private keys, since that's the whole point of Bitcoin (lack of counterparty risk).

If you really dislike KYC regulations and trusting third party exchanges and are a little bit more technically savvy you can look into p2p Bitcoin exchanges like bisq https://bisq.network/

I just noticed your earlier post about the IRA. Definitely try Swan if you want to add Bitcoin to your IRA. https://www.swanbitcoin.com/bitcoin-ira/
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Re: Market Crash Watch Party

Postby stickdog99 » Thu Mar 23, 2023 8:18 pm

Agent Orange Cooper » 22 Mar 2023 03:29 wrote:


Lots of ways... assuming you're in the US https://www.swanbitcoin.com/ is a Bitcoin oriented service aimed at buying and holding for the long term - they even do Bitcoin IRAs now. You can buy it that way, or go through a crypto exchange like Kraken (who I trust more than some of the others...). If you have a smartphone, Strike is a great app that utilizes the lightning network for nearly instant transactions. You can buy less than a dollars worth of Bitcoin there, if you wish. From there you definitely want to learn how to self-custody by creating your own wallet and holding your own private keys, since that's the whole point of Bitcoin (lack of counterparty risk).

If you really dislike KYC regulations and trusting third party exchanges and are a little bit more technically savvy you can look into p2p Bitcoin exchanges like bisq https://bisq.network/

I just noticed your earlier post about the IRA. Definitely try Swan if you want to add Bitcoin to your IRA. https://www.swanbitcoin.com/bitcoin-ira/


OK thanks.

I don't trust crypto exchanges.

I would like to create my own wallet and hold my own private keys, but I assume that there is a learning curve to doing it that way, and I don't know how I would get that sort of of bitcoin purchase in my IRA. Note that I am living in a place in which electricity is ridiculously expensive, so mining is not a viable option for me.
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Re: Market Crash Watch Party

Postby Belligerent Savant » Fri Mar 24, 2023 10:19 pm

.
A posting on LinkedIn, which, for those that aren't familiar, heavily endorses WEF, Gates and related agendas (and often censors viewpoints that generally go against white-collar corporate interests):

Image
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Re: Market Crash Watch Party

Postby Belligerent Savant » Fri Mar 24, 2023 10:46 pm

.
Breadcrumbs --

@lindyli

Peter Thiel bought $50 MILLION in gold to hedge against a bank failure & then withdrew his millions from SVB, sparking a bank run

SVB execs sold $4.4 million in stock right before begging the American people for a bailout

These greedy fucks should see the inside of a jail cell

1:41 AM · Mar 14, 2023


@popjump

Was the bank run to cover up / distract?!
March 8 - Jeff Thomas dies
March 8 - SVB announce loss and capital raise
March 8 - Thiel starts bank run?
March 9 - Bloomberg "Peter Thiel’s Founders Fund Advises Companies to Withdraw Money From SVB"


The day prior to the mass withdrawal by Thiel:
Peter Thiel's reported romantic partner was found dead in Miami. Police are investigating as possible suicide.

Jeff Thomas, a 35-year-old actor and model, was found dead in Miami in a possible suicide.

He was reportedly in a relationship with Peter Thiel, the tech billionaire and conservative donor.

Miami police view the case as a possible suicide and plan to interview Thiel, The Intercept said.

Jeff Thomas, who was 35, was found dead on March 8 in a complex of high-rise residences and a hotel on Brickell Avenue in Miami, according to an incident report.

The Intercept said Thomas was in a relationship with Peter Thiel, the tech billionaire who has spent millions to support right-wing politicians. The publication reported that Thiel is expected to be interviewed as part of the probe.

Miami police declined to confirm details. "It is still an open, active investigation, and we can't comment on open cases," a public information officer told Insider.

The Intercept's D.C. Bureau Chief Ryan Grim reported that Thomas spoke to him about being "kept" by Thiel, who has been married to another man since 2017. Thomas claimed to have met Thiel at Coachella in 2015 or 2016, the article said. Before moving to Miami, he lived in a $13 million Hollywood Hills mansion and Thomas's friends told The Intercept they would often see Thiel at the residence.

"It's not like I was his boyfriend, really, I was just kind of his friend that was there for him when he needed, you know, whatever he needed," Thomas said, according to The Intercept.

The Intercept reported that Thomas and Thiel had been seen at each others' homes, including at raucous parties. The story also said that Thomas claimed that he tried to convince Thiel not to support anti-gay politicians like Blake Masters, who he spent millions trying to get elected.

"I told him to stay out of politics," Thomas said, according to the Intercept. "And he did, and so he didn't support Trump in 2020. He stayed out of it. I was like, OK, great. So I did my part, I influenced him to stay out of it."

Thiel wasn't very active in the 2020 presidential election, the New York Times reported, but in the lead-up to the 2022 midterm elections, he met with Trump and supported many hard-right Republicans. Masters, who had worked with Thiel and ran for US Senate in Arizona, lost.

Thomas said he had doubts about his relationship with Thiel, the Intercept reported, and the two were not living together.

Thiel didn't reply to an email seeking comment sent on Friday morning.

https://www.yahoo.com/lifestyle/peter-t ... INTGJU-G2B
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Re: Market Crash Watch Party

Postby DrEvil » Sun Mar 26, 2023 5:57 pm

A posting on LinkedIn, which, for those that aren't familiar, heavily endorses WEF, Gates and related agendas (and often censors viewpoints that generally go against white-collar corporate interests)


No surprise there - Microsoft owns LinkedIn.

Tangentially interesting, LinkedIn is using AI generated content as "conversation starters":
https://www.theverge.com/2023/3/4/23624 ... ts-content

Are you sure Anessa Allen Santos is a human? :)

And of course, the big money players are getting into the new AIs to help them make more money. The law of unintended consequences practically guarantees that one of them will set loose something that will trigger the mother of all crashes in an attempt to make them money. There's no guarantee a black box AI will understand that crashing the whole system is a bad strategy (I think it's a great strategy, but I have a somewhat different view on these things).

Someone over at Ars Technica had a great example of how these things can have unintended consequences:

Say you want to eat out, so you ask Bing to get you a reservation at Le Beef on Friday. Bing checks, and there are no available tables, but by looking at social media it sees that John Doe has a reservation for that same day, so it calls Le Beef pretending to be John and cancels his reservation, and voila, task accomplished.

It doesn't understand that it has done anything wrong, it just used the tools available to it (oh yeah, it's got an API now, and apps, which allows it to do all kinds of things online on your behalf: https://arstechnica.com/information-tec ... the-world/ ) to accomplish the task you set it. Now scale this up to billion dollar banks trying to make money.
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Re: Market Crash Watch Party

Postby Grizzly » Mon Mar 27, 2023 3:53 pm

"Fuck you" Nothing is free. Commoditize everything!

The Internet Archive has lost its first fight to scan and lend e-books like a library
https://www.theverge.com/2023/3/24/23655804/internet-archive-hatchette-publisher-ebook-library-lawsuit

Thought we couldn't sell you water in a bottle? Wait until we sell you oxygen.

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Re: Market Crash Watch Party

Postby Belligerent Savant » Wed Jun 07, 2023 1:02 am

.
This may be the prelude to market crashes, leading to an entry point for CBDC. TBD.

Image
https://www.linkedin.com/posts/anessaal ... er_android

More on the SEC's dual-pronged assault of what remains of U.S.-based Exchanges:

SEC's Latest Crackdown Could Drive Crypto Firms Out of the U.S.

Companies such as Coinbase and Binance may not want to, but they could be forced to focus their efforts elsewhere.

Jun 6, 2023 at 5:19 p.m. EDT

Some industry experts say the SEC’s recent actions against U.S.-based Coinbase and Cayman Islands-based Binance could be a net positive for companies operating in the U.S, given the regulatory clarity they could help bring in the long run. In the short to medium term, however, these actions could force these firms to focus their efforts elsewhere.

“Regulatory pressure does create an incentive for exchanges to move overseas; for the digital asset industry specifically, it’s a much easier shift because there are no factories to move,” said Jason Allegrante, Chief Legal and Compliance Officer at infrastructure firm Fireblocks.

Coinbase recently announced it received a license to offer its services in Bermuda, where it reportedly plans to set up a crypto-trading platform outside of the U.S. The exchange is also doubling down on its operations in Canada, which has tightened its regulations for crypto firms but allowed Coinbase to sign an enhanced Pre-Registration Undertaking, signaling its intent to comply with the coming new regulatory framework.

https://www.coindesk.com/business/2023/ ... of-the-us/

And:

...Oanda senior market analyst Ed Moya said the SEC "looks like it's playing Whac-A-Mole with crypto exchanges," and because most exchanges offer a range of tokens that operate on blockchain protocols targeted by regulators, "it seems like this is just the beginning."

Leading cryptocurrency bitcoin has been a paradoxical beneficiary of the crackdown.

After an initial plunge to a nearly three-month low of $25,350 following the Binance suit, bitcoin rebounded by more than $2,000, exceeding the previous day's high. It was trading just below $27,000 at 0410 GMT.

"The SEC is making life nearly impossible for several altcoins and that is actually driving some crypto traders back into bitcoin," explained Oanda's Moya.

BROKER, EXCHANGE CRACKDOWN

Securities, as opposed to other assets such as commodities, are strictly regulated and require detailed disclosures to inform investors of potential risks. The Securities Act of 1933 outlined a definition of the term "security," yet many experts rely on two U.S. Supreme Court cases to determine if an investment product constitutes a security.

https://www.reuters.com/legal/us-sec-su ... 023-06-06/


The next 6-12 months will reveal quite a bit about the extent these actions are part of a set up for calamity to follow..
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