Credit deflation and the reflation cycle to come (part 2)

[Lightscribe]

10 hours ago, Loki said:

My Dad asked me about dogecoin earlier

Just to put in perspective...

https://cryptopotato.com/first-1200-us-stimulus-check-put-in-dogecoin-worth-over-400000-now/

[Loki]

14 minutes ago, Lightscribe said:

Just to put in perspective...

https://cryptopotato.com/first-1200-us-stimulus-check-put-in-dogecoin-worth-over-400000-now/

Fair play to those with more balls than me. 

[leonardratso]

that doge meme looks very fat to me, wonder if the real dog its based on is that fat.

Still i dont mind taking their dorrars.

[Lightscribe]

17 minutes ago, Loki said:

Fair play to those with more balls than me. 

I think there lies the danger. It was ‘free’ money so may as well let it ride. A bit like with GME, the new generation of retail investors haven’t learnt to know when to hold them, when to fold them, when to walk away and know when to run (thanks Kenny).

All that matters is ‘making it’ $1m+. YOLO, diamond hands etc etc minimum wage jobs won’t cut the mustard anymore... until the real hardship starts that is.

[DurhamBorn]

13 minutes ago, Lightscribe said:

I think there lies the danger. It was ‘free’ money so may as well let it ride. A bit like with GME, the new generation of retail investors haven’t learnt to know when to hold them, when to fold them, when to walk away and know when to run (thanks Kenny).

All that matters is ‘making it’ $1m+. YOLO, diamond hands etc etc minimum wage jobs won’t cut the mustard anymore... until the real hardship starts that is.

Thats always the end of dis-inflation,younger people see assets that take 30 years to afford on the wages and try to get rich quick.Of course a few do,but most lose the capital they do have and have no capital then or credit to buy real assets when they are cheap.

Western governments are locked with huge structural deficits to fund mostly people to sit around.Its going to be very different once inflation runs and CBs slowly pullback.

 

[VeryMeanReversion]

17 minutes ago, DurhamBorn said:

...younger people see assets that take 30 years to afford on the wages and try to get rich quick.Of course a few do,but most lose the capital they do have and have no capital then or credit to buy real assets when they are cheap.

I see more and more parallels to the pre-1929 crash.  Margin debt, get-rich-quick schemes and detachment from fundamentals.   The profit was made by those that sold before the top and those that picked up commission on transactions.

My SIPP has gone up by more than two months of net wages this morning.  Mad.  Just waiting for some sell-limit orders to trigger, now less than 5% to go on most.

 

[goldbug9999]

12 hours ago, Tingles said:

Regarding the tokenisation of stocks (and other assets such as real estate), Binance is now offering 'stock tokens' for COIN, TSLA, MSTR, MSFT AND AAPL.  Interesting times continue.

Wow that gutsy of them  - offering proxies for US registered securities, they must be pretty confident they can fend of any US law enforcement action.

[goldbug9999]

3 hours ago, Noallegiance said:

I'm sticking with the people who've seen it all before.

Noone has seen trustless systems (the essence of crypto) before so noone knows what the impact will be.  

[goldbug9999]

4 hours ago, Lightscribe said:

The SP500 not liking the Yellens interest rate comments yesterday.

IRs are not going up, shes just doing a "carney" (anyone remember the so-called forward guidance ?).

[Lightscribe]

36 minutes ago, goldbug9999 said:

Noone has seen trustless systems (the essence of crypto) before so noone knows what the impact will be.  

Exactly this. No one alive has seen such a transition in the financial system. Some people thought the internet was a fad, we’re are literally at the dot.com v2.0. That’s how big the changes coming are, the AOLs, Netscape Navigators and Lycos etc will fall by the wayside but the Apple, Amazon’s, Microsoft and Google’s will survive.

[moneyscam]

4 hours ago, Wahoo said:

70% of Doge is owned by 69 addresses.   It was created as a joke.

These 69 individuals will dump the coin and thousands of new investors will get seriously burnt.

It will give regulators the excuse they need to impose draconian regulation on the industry....a reason for a massive confrontation between banks, Govts and crypto.

Musk is irresponsible tweeting this shit. 

I feel the same way. I don't see them as a proper currency but do see them as a temporary store of value. Temporary being the operative word here. There is a current window of opportunity to make some quick money but eventually the monopoly central bank issuers of fiat will shut the entire space down in practical terms by making it illegal for banks and businesses to provide fungibility and deeming crypto as a device for money laundering, tax evasion, drug dealing and terrorist financing.

They will of course eventually provide their own digitial 'coin' for the plebs to use, fully trackable and traceable.

The thing I find ironic with some 'crypto tards' is that essentially crypto coins are a derivative of fiat.

[leonardratso]

exactly, the only way to measure their value is in good old fiat (gbp/usd etc). And the only real goal as far as i can see is to sell out and convert back to the fiat with a nice fat gain(or maybe loss). Still, i dont mind taking their dorrars.

[spygirl]

2 hours ago, DurhamBorn said:

Thats always the end of dis-inflation,younger people see assets that take 30 years to afford on the wages and try to get rich quick.Of course a few do,but most lose the capital they do have and have no capital then or credit to buy real assets when they are cheap.

Western governments are locked with huge structural deficits to fund mostly people to sit around.Its going to be very different once inflation runs and CBs slowly pullback.

 

This.

 

[goldbug9999]

3 hours ago, DurhamBorn said:

Western governments are locked with huge structural deficits to fund mostly people to sit around.Its going to be very different once inflation runs and CBs slowly pullback.

If you mean a monetary tightening then no, I don't think thats ever going to happen. The future is exponential issuance and negative rates.

[Hancock]

1 hour ago, goldbug9999 said:

IRs are not going up, shes just doing a "carney" (anyone remember the so-called forward guidance ?).

I also remember Carney putting up interest rates ... after he lowered them due to not getting the globalist brexit result he wanted. What a crooked midget wanker that Canadian cocksucker was.

[Hancock]

3 minutes ago, goldbug9999 said:

If you mean a monetary tightening then no, I don't think thats ever going to happen. The future is exponential issuance and negative rates.

Cant see them getting away with negative rates for very long if inflation is high, the door is closing where govts/central banks have total control .... thats what i tell myself anyway!

[DurhamBorn]

6 minutes ago, goldbug9999 said:

If you mean a monetary tightening then no, I don't think thats ever going to happen. The future is exponential issuance and negative rates.

Lots of issuance yet,but it will slow then stop once inflation runs.Rates will increase before they stop printing.Just over halfway through what they will print.The fascinating bit is how they do it and how governments respond.Remember the Fed is trying to keep the short end down at the moment,but not the longer end.I think the exponential comes at the end of this cycle kicking in now.Real assets will be key to navigate the whole thing.We are at the stage where half the people feasting on the printed free money will try to take it from the private sector worker and saver.Thats what we are trying to keep ahead and out of the way of.

[Hancock]

22 minutes ago, DurhamBorn said:

but it will slow then stop once inflation runs.Rates will increase before they stop printing.

When do you envisage this? 

[Lightscribe]

https://cointelegraph.com/news/us-banks-to-allow-bitcoin-trading-in-2021-says-nydig-execs
 

As I said maybe the final melt up in crypto will suck some of the wind out the sails of the FAANGS or as CP says the other way around out of crypto into value stocks/gold etc. We shall see soon I suspect, but whatever the banks are planning, they are still letting crypto ride for now.

[DurhamBorn]

2 hours ago, Hancock said:

When do you envisage this? 

6 months to a year outside of a BK.

[S Brule]

20 hours ago, 23rdian said:

Anyone else feel they just can't keep up with this coin stuff now? 

One of the biggest gainers today is a newish one called CumRocket. Imagine putting that on your tax return.

[23rdian]

4 minutes ago, S Brule said:

One of the biggest gainers today is a newish one called CumRocket. Imagine putting that on your tax return.

See what I mean, I genuinely don't know where all this stops now?

/googles CumRocket

[AWW]

5 minutes ago, S Brule said:

One of the biggest gainers today is a newish one called CumRocket. Imagine putting that on your tax return.

All these different coins just have to be the new tulip bulbs. Look at the market cap, nearly half a billion dollars. In an intangible thing called Cum Rocket. Mental.

[S Brule]

20 hours ago, Tingles said:

Think less 'coin stuff' and more how blockchain, smart contract and tokenisation technologies will affect participation, purchase/sell and storage in financial markets.  Maybe also consider how these technologies may relate to future wealth preservation and growth.

My hope is that one day blockchain tech will allow us to create our own bespoke ETFs, then I can shove my select telecoms and commodity shares together, topping up with a single purchase and keeping fees down. We could then share them like a blueprint, e.g. the Dosbods ETF

[23rdian]

4 minutes ago, AWW said:

All these different coins just have to be the new tulip bulbs. Look at the market cap, nearly half a billion dollars. In an intangible thing called Cum Rocket. Mental.

It does seem to be chasing its own tail. I still would love to get in one one from 0.0000005USD though. I guess what that's all about. Is there a comprehensive daily updated list of all the shitcoins anywhere?