I'm gonna dedicate a good weekend in the next month or so to catch up on some crypto knowledge. Haven't been paying attention for a month now, and I miss investing already lol

The Weeknd - Until I Bleed Out

Boomers are on life support, both literally and figuratively

he just like me

everything is correlated in the short term

precious Metals and Crypto drop when Stocks do cause people need margin / capital and they risk off

that's just temporary though, once the economy restablizes Bitcoin rapidly out performs everything in the recovery

Good a***ysis, it’s somewhat against the idea of precious metals and Bitcoin being a hedge, but I agree that when stocks go down people need the capital to cover themselves from somewhere, and those are both very liquid sources
Following this line of thinking I think that the end of the year should look pretty good for crypto

If you think stock market will not see a correction (10-20%), then you’re good

But if you think they’ll be a correction in the market, it will hit riskier assets like crypto much harder.

But could be a good buying Opportunity

Most risk assets are heavily correlated in going up and down when looking at a couple years, but what you want to pay attention to is how the correlation becomes lower over 10 years or so and magnitude of moves up or down

For ex:

International Developed stock market and US stock market (using s&p500) are heavily correlated (.85 the past 25 years), but in 2000-2009 you saw a big difference in terms of magnitude of moves

International Developed was slightly positive, while EM had gone up 2.5x (even after 65% drawdown in 08-09) and US markets down

stocks never go down

if they do who cares about crypto you'll be worrying about food soon enough lol

my bitboy bull indicator is flashing as today he was extremely bearish on stream

do with this info as you please

lets go up now

You mean Stonks never go down

Stocks do go down

Wealth of great information, hats off and blessings!

why should bitcoin hedge metals?

bearish at support ssnd it

yeah it all depends on Macro factors but it is looking good if the stock market can bounce back, imo I think it will this debt ceiling is just DC bs they always resolve after long enough

there are other factors like Chinese real estate I'm less sure about but I think it's also a little foolish to think it will prob collapse the entire system or something also when that's a rare event

Gold and Bitcoin are a hedge if you zoom out a lil, I don't think many people mean Gold and Bitcoin will pump when Stocks tank when they say that

Poor wording on my part, I meant Bitcoin’s recent standing as “digital gold”, meaning it would a hedge just like metals, not a hedge against metals

buy gold buy commodities

i dont understand why bitcoin and eth wouldnt be seen as a hedge against the US stock market, especially in times of stock downturn. like how is bitcoin seen as riskier than fiat lmfao, you know exactly what you're getting with btc

they can't print more bitcoin

age USD is like a century old, amazing collateral that isn't going to tank 50% while you're trying to top up you're positions

it inflates but there are models to predict that pretty well, you might lose 10% but it's not a total unknown.. longer term it becomes more unknown but short term dollar is king

I think in 30 years maybe that's Bitcoin tho hehe

worst market day since March lol

NOW CRYPTO GO UP

i want money NOW

crazy Ethereum was $80 18 months ago or w/e