Down $140k in November. I haven't sold any stocks but.... dayum!!!
*(I should have sold earlier near ATH but didn't want tax hit this year and we were so close to January)*
Possibly. Might just as easily be <400. There have been 20 year periods in the stock market with negative gains. 10y periods quite recently. If demographics cause more money to be pulled from passive than added, things can get quite interesting. If AI is as deflationary as it seems to be, same. A majority of active traders never having seen a bear market have rarely boded well for near future returns.
Bitcoin was down to $74k in April?? I was not scared about my BTC then, yesterday I pulled it all out for a near breakeven and threw it into TBIL until there is a full on capitulation with BTC, i’m not going to trust any price until about 10 weeks out from peak price to then reassess.
Bitcoin is a liquidity sponge, it’s saying global risk on liquidity is drying up. Also the dollar is moving up after a double bottom. Some say the 4 year cycle is apart of this and it’s lining up exactly so it’s hard to discount. Now panic selling is creating other scenarios which can theoretically liquidate Saylor or maybe these ETFs.
The $2T in BTC vs the other tens of trillions in say bonds or gold or whatever will completely fuck it over, that kind of money will suppress the hell out of it.
Not yet over. Hope for the market to go up in the morning and then buy all near the money putz. Worked for me today. Just go the opposite of the index right around 1 hour after market opening. This is not an investment advice; it’s a gambling advice.