Nonsense. Total fantasy. You lost me when you said the dollar will collapse. What will take it's place then? Certainly not ponzi coin. New system? LMAO you and the Peter Schiff's of the world have been saying the same BS for the last 20+ years.
Hello mikeriley, No, I am NOT reading trading education on nothing. EVER. Learned everything right here on ET forum and clicking the chart. And I am still making money in the ES and NQ futures market, never read no damn book. All I do is click the chart, nothing more, and nothing less. Simple. No brainer as well. I am not wasting my time reading no damn lying ass trading book. That is stupid, cause the author can not prove to you they make ALOT of money quickly consistently, so why read it? That is good time I can spend clicking the chart to make real money. Why reading trading book for? You still can not make money after reading the book. Easier to just read ET forum and ask others how they making money in the future market. And when you done reading the book, guess what? You have to now go apply that book knowledge hoping it work. You getting futher and futher behind hoping that knowledge work. You waste sooo much reading books, you miss opportunity to time scaling up too. You never get to 100 ES or 100 NQ reading trading books, you just get delayed listening to scammers and liars selling bullshit taking your money. You better off asking someone how they make money trading then reading a book. keep the life simple I actually haven't a read book since college and NEVER EVER will in my life. Waste of time. Work smart not hard.
Bear market my black ass. Go short SP 500 Index my black ass. I am making money. LONG AND STRONG. EASYYYYYYY MONEY. NEVER EVER read a trading book in my life and NEVER EVER will. Lets go TQQQ Only an idot will ever think about shorting the market for more than 1 minute.
But once it's reserve status is removed, it just might collapse after all. And I'm willing to bet that's what will ultimately happen within the next 10 years. The reason is simple IMO. It used to be unthinkable to even speculate that the US could ever default on its debt. Is that still frowned upon? Nope.
of course it will reverse and after a point or two it will reverse again. ooops!!! read too much Brooks
One of the things I've learned from watching so many macro videos is that there is too much demand for USD because all the outstanding debt is in USD. The entire world runs on the Eurodollar system, and more so, trust. Once that trust falls apart, like US sanctions, it is a death blow. Bitcoin has zero trust necessary. Never mind bitcoin being good for people, bitcoin is exceptionally good for governments and corporations. Every year, more people learn about the benefits of bitcoin, and if a country like Qatar does actually adopt bitcoin, it will mean all their customers will adopt it as well. I have no doubt that commodities will be sold in bitcoin very soon. And once you start trading in bitcoin, you reduce the need for USD transactions. Less USD transactions means less demand for USD. As Parker Lewis says... gradually then suddenly. I'm old enough to remember how quickly the CD burner came on the scene. Wow.. you can make your own CDs! Then, very quickly, you can burn your own DVDs! These things were sold in 100 unit spindles because of the insatiable demand. They got so cheap that they were 50 cents or less per DVD, heck maybe just $30 for the 100 spindle. And in just a few short years, CDs and DVDs were totally gone. I think something similar is already happening to the financial system.
Outside a very short period of time anyone who’s negative and shorts is broke and bankrupt . Those are facts . I’ve been in the mkt heavy since the 1980’s . Sure there’s been very brief periods of down but 90% of the time up,up,up. I’ve been an overall bullish trader for over 30 yrs . But even i thought the 2022 down turn was the start of a longer term 5-10 yr down to dead period like Japan . I was wrong . The biggest thing i learned 30 yrs ago is never trade with what you believe or think should happen . European and Japan mkts say all you need to know . In recession and mkts at all time high . The mkts changed 30 plus yrs ago . We always read its different this time . Somehow the mkt changed in the 90’s with the tech boom . It created Euphoria and optimisim we’ve rarely seen creating 20 p/e norms . I didn’t think it would last . But because people never lose over time in stocks investors willing to pay 2 times as much for stocks as 30 yrs ago .
I respect your experience, and I absolutely agree that we need to let the market make the decision, but what I'm afraid of is the type of event that you cannot exit. I remember one in the past decade. There was that huge currency move with the Swiss Franc I think it was, where a peg was removed. Coming off the gold standard also was an event that you couldn't prepare for because it just happened. I understand that as long as the Fed is printing money, and inflation is positive, and debt keeps growing, then the markets will behave as they have. But I truly think that we will see a very sudden change to how the system works brought on by the bubble popping and strategy of printing money changing. There is a buyer of bitcoin for the past two years that has accumulated 51k bitcoins. Suppose for just one minute that this is a nation state, like Qatar, and they want to change the way that the oil game is played. US can't start any more wars, and certainly not with an ally who supplies oil. So overnight, maybe Qatar offers to do commerce in bitcoin, and US is forced to go along. What does this do to all USD denominated trade and debt? https://www.zerohedge.com/markets/m...-accumulated-over-3-billion-bitcoin-15-months
None of us know the future and it’s why you always diversify . I have substantial money in real estate,cd’s ,bitcoin and gold in addition to my stock accounts .If shit hits the fan and the mkt started collapsing 50% plus i truly believe the fed would buy trillions of stocks to hold it up . Now the dollar might collapse and it’d be confetti but in nominal terms it’d stay up. Thus is why i diversify .