xrphilosophy

Hold the insults to other forum members. Thanks!

Moreso the prices will dip when the traditional markets take their next leg down here shortly. After that there is light, but the second quarter here is going to get uglier first no doubt....hope all are healthy and safe.

All the markets are silly clown shows right now indeed. Everyone is getting smacked everywhere. Quite a unique ongoing event. I definitely still believe in the crypto market resurrecting, but no idea exactly when. It's all going a lot faster than I thought though. Liquidity is leaving the markets. Right now and moving forward liquidity issues hitting real economies. Next step after that should be liquidity re-entering markets once they've hit lows. Having the patience to wait and not freak out is challenging for many, and rightfully so. These are trying times to say the least. Actually they're panicky times, okay.

Outstanding presentation, and very interesting summary.

Interesting.

And everyone be nice. Thanks.

It has always seemed to me that a global financial crisis is not a catalyst, but a pre-condition for money to wildly pour into crypto. If that is the case then liquidity would flow back into risk assets, many different markets, once economies have really taken a hit. Liquidity leaves the markets, then liquidity dries up in the real economy, then once economies have bottomed, liquidity re-enters the markets. It happened after 1987, 1999, and it happened after 2008. It happens in every market cycle throughout history. It just takes time. The US economy is about to take a hit over the coming months, but in many cases real economies have not yet taken a toll. The process has to play out if indeed the crypto market will follow the other markets in the rebound. A waiting game until we have the answer...

Intriguing.

Be careful with the language and insults. Warnings given.

I appreciate your comments, and agree with most everything you've said. But yes, not only hedge fund managers, but legitimate investors of many stripes have throughout mentioned specifically crypto, and that is a sea change compared to say two to three years ago as you may know. This space is becoming legitimate in the eyes of those with money, a small allocation, but enough to help the space mature and several x the market cap. Agree that as recessions hit a rush to risk assets does not happen immediately, but as those recessions hit real economies and liquidity dries up, placing money on the sidelines, is exactly when 'risk on' starts to happen- as ironic as that may seem. It's a process, it doesn't all happen in a day or a month, but liquidity re-enters markets at these lows, and liquidity always leads. I disagree about the crypto as gambling is any more true than many other markets. All markets are gambling and rigged, and favor the few. Valuating the current stock markets right now is sort of gamble in of itself, as you say- with negative interest rates in many locales, as well as stock buy backs, central banks pumping money into systems to just stay afloat. When things get rickety everything is a gamble. Crypto is increasingly shedding that label as the trading infrastructure, and reguatory environment are being built around it. Many corporations in the markets don't have a handle on their real earnings, take all these unicorns worth billions for example. It's also generational. It's a slow turning into a new paradigm, but I it does seem to favor the digital asset class from everything I have heard over the years. Can't speak specifically to XRP though. I think, to the point of this thread, we are speaking primarily of Bitcoin. But that interest should incite broader interest as people dip their toes into the market seeking this recessional yield to come, and begin seeking real value, that is utility. The only thing we can do is see how it plays out- how much money comes in, and over what time period is a looming question. This is hardest to say no doubt. It is still a waiting game, but the pre-conditions, as I mentioned earlier, are certainly shaping up pretty amazingly for this next financial transition to get underway- it seems sooner than later. I wouldn't have said this two years ago as immenently as I say this today. This is my instinct. If others feel otherwise that's fine too. It definitely doesn't mean that there might not be more pain before the gain though. I definitely am not saying there won't. It's all too unpredictable! Bitcoin is especially hard to get a handle on for the moment, at least for me. Not sure where it will end up in the year, but still long on it, XRP, and this space. Let's say a global economic slowdown does happen soon, traditional markets rattle, and that stays with us across all countries - I am not fearing for crypto meltdown in that scenario. I think this was where the original inception and form of crypto/digital currency was designed to shine. We shall see....Ultimately this is what we all are betting on I suppose, especially if it's all a gamble?

I don't think you understand at all the sequence of events playing out. At all. It's not that simple for a moment. Yes, folks have pulled out of the stock market, and will not reload into the same way over time. The markets are in trouble from here on, globally. People don't head directly over to the crypto market. I would appreciate it if you wouldn't put words in my mouth. Risk assets will find a home as I said in my post once markets begin waivering and the hurt starts to take place in the economy. It is well well well understood that liquidity leads economic cycles. And when the markets have trouble with liquidity, and this eventually filters into economies then risk assets are hugely prized. This may still take awhile, but it is happening. Where are people supposed to put their money - the stock market? The bond market? Treasury Yields? Emerging markets? Metals? All of these asset classes have declined in yield over the past 10 years globally. Eventually risk on will be highly prized. Anywhere one can get more than 3% a year will be in discussion by all parties. And this is the beginning of that. Or at least that's what all macro hedge fund managers have to say. But naaaah they're probably all wrong, eh?

Disrupted supply chains and the eventual effect on real economies defintely bode well for the digital asset space moving forward. I'm more bullish than ever for digital assets in 2020-2021. It may not affect Bitcoin price today, but moving forward it'd be a hard bet not to take- that of the DA class. We haven't seen the market volatility move into real economies fully as yet.

A week or so ago it did seem as if the coronavirus was really being hyped up, and that the story would go away soon. It did not go away. The issue of the global supply chain getting disrupted is real, it's already happening, and that will have real world effects to markets ("correlated" or not like crypto). The coronavirus is very relevant now indeed.

Pretty cool...I love listening to David Schwartz. Breanne Madigan never fails either.

Better than calling folks liars. I think we've all had enough at this point.