Posts Tagged ‘digital assets’

Although BTC lost its way occasionally, it exists to protect our wealth from bad economic times and to protect us from governments with bad economic policies. I have spent the last 18 months discussing the need to create a diversified portfolio encompassing financial instruments and secure investments outside of capital markets.

Whilst the bond market continues to price in further economic weakness, the equity players are promoting the importance of holding value stocks. Crypto Banks are in trouble, and BTC is again coming under pressure.

I’ve just spent a week on my back in traction and yet I haven’t grown an inch! Getting old is no fun, but keeping up with the latest market developments sure keeps you busy.
In the past 18 months, the crypto and hi-tech community has moved their focus from NFTs, to the Metaverse, and now into AI.

According to recent surveys, readers of “The Old Man’s Views” are happier and better looking than those who ignore them.

I don’t know whether BTC will continue to float, or the Biden administration will bring it down soon. But then again, I am not writing this report on Hunter’s laptop.

However, before I go on to discuss anything else, I will offer my sympathy to the people of Turkey. I am happy to be hard-nosed about most events but watching pictures of a father sitting by his dead daughter…

I dumped half my BTC position last week, which looking back on it, might have been a bit premature.
But it will not be the first time I banked a little too early.

This week, we were able to bank some profits and reduce our exposure, thanks to the 50% rally in BTC. Of course, I didn’t buy at the low or sell at the high but taking a nice chunk out of this move was very satisfying.

I am more than happy with the recent strength in various markets, especially as it’s removed a lot of the doom and gloom that hung over the markets throughout most of last year.

We’re into the early days of the year, and the short-term direction remains unclear. Equities have held relatively firm over recent weeks. Not because the economic outlook is improving but because the bad news has become a little stale.

Let’s start the year on a high.

I spent some time over the winter break checking up on past reports, re-evaluating what I’d discussed and what had happened. With a few exceptions, it worked out a reasonably good year, with most things expected coming home.

I was going to write a report on my views for next year, but playing pin-the-tail-on-the-Donkey, when the outlook is less than positive is hardly a great way to end the year.

It’s the season to be jolly, but much of that will depend on whether your country is still in the World Cup. I’ve enjoyed this World Cup more than I expected.

I’ve traded through every “boom and bust” since the 1970s, but today’s environment is unlike anything I have seen or experienced. In this business, everyone, especially those who make comments and observations, needs to find something to be excited about and promote to clients and followers.

In case you have missed it, a very controversial World Cup tournament is underway in the shifting sands of the Middle East.

This 4-week tournament cost much more than SBF lost his investors. Still, it has failed to damage the reputation of football as much as SBF hurt the reputation of cryptocurrencies…

I lost money last week on BTC because an industry-created superstar turned out to be a crook! The loss itself hasn’t annoyed me much because giving a little bit back to the market happens now…

The investment world has been relatively boring for the past few months, which is not unusual following a massive decline or during a…

You cannot compare the two because one is a political theory, and the other is economic. However, from an investment or speculation point of view, making money is becoming increasingly challenging because we must consider what politicians will or might do.   I am a libertarian, and so much of what is going on today…

Last week when I wrote, Liz Truss was still Prime Minister, and Jeremy Hunt had just become Chancellor, which I hoped would steady UK PLC. That would support cable, Equity Markets, and BTC, which I have suggested buying for the past few weeks based chiefly on technical observations.   This week, I am writing this…

That’s a fine word for non-native English speakers.   In modern-day usage, it is the state of mind of politicians. It means: they are so confused they haven’t got a clue what to do!   I could suggest “flummox” is a disease Liz Truss caught from Joe Biden, but because it is breaking out in…