Hope you guys liked the vid! We are no doubt living in some interesting times and that presents both challenges and opportunities... Btw, many of my followers have asked if I do any long form educational content (courses). Currently I do not but I have been toying with the idea. Would love to have 30 secs of your time if you could give me your feedback in this form 🙏🏻 docs.google.com/forms/d/e/1FAIpQLScUSNVU3hLqHMBLY80LU8_iQ-d-fD1A0uZqSpcEnat2h0zQmg/viewform Keep safe guys!
It will all crash really badly but not before continued manipulation in Gold, BTC/ETH, and stocks. The very very few have been setting up for a bull run as long as they could; there has been a lot of downplaying bitcoin since 2010, especially so since 2013 and 2016, distraction, obfuscation, propaganda, many words come to mind when I look at the big picture of wealth and control systems that are still almost as bad as they were in 2500 BC I expect there to be at least 2 big crashes and printings, with some dropoffs in the price of BTC followed by support retests, the same shit we keep seeing. Think about it, the whole stock market is an instrument of the banking scum and it behaves the way it does not because the products themselves are doing anything. PEOPLE are manipulated into BUYING THEM IN THE FIRST PLACE in almost all cases. Most stock market listings are because they need the money; all decade we have been seeing not growth, not recovery just more of the same.. charts that supposedly signal things, things happening, more signals. More of the high % lose money in trading, and bankers holding all the best positions all the time ua-cam.com/video/p5Ac7ap_MAY/v-deo.html going to watch this and hopefully its good enough to get more people to look into the oldest connections between power and money. Long story short Goldman and others steal from all of us, all the time and will be until everything is priced in BTC ; what are they doing ? they are saying they are long now, but they may not be long yet, they may be short. They already tried saying they were short when we all knew we should be long, and the price went UP. They got caught lying about this doing the same stuff before heaps of videos around. Of course there is a point where they might reverse psych. Beware. Uncertainty is INEVITABLE - no matter what, you cannot be certain because you cannot know the future choices of so many, but the point of the above is banks and other evil $#@#ers are becoming an increasingly strong force in the crypto markets, this might even be the biggest ALTSEASON motivator now that I think about it. In the end though there will be a trending towards things being priced in BTC as the decades go past
What am I doing ? I have a little gold, lots of silver rounds, a few other collectables, and lots of BTC and ETH. Recent smaller investments were defi and staking based and are paying off nicely, look at SNX go ! guess its time to sell all my SNX now that i said this ? lol keep up the good work
The thing I so much appreciate about your channel, is that you don‘t sound so manic about crypto, economy, to-the-moon and bulls-race (like most of the crypto-guys on UA-cam). You just calmly analyse the current situation by putting facts and proven information together. This is the core of unbiased and high quality journalism! Keep up the smart work! 💯
"I'm kind of a nerd, so I read the whole thing" wow man! I can see all that hard work to bring this whole video together, I did enjoy your analysis and your thoughts. Keep it up!
Maybe you could mirror your content on LBRY.TV. It's a decentralised video sharing platform and a lot of content creators are using it. And you get paid in LBC tokens to watch and post content. I'm trying to get fully away from the totally corrupt UA-cam and support smaller platforms.
Great video, a couple of things left off the video. First, the fed announced that it can print an unlimited amount of money to help with the stimulus of the economy (within the confines that the treasury has set for a backstop) which is the first time ever in history. Also, similar to the housing crash, the fed will buy back toxic assets this time it's not only the banks that are getting this special treatment; for the first time in history, the fed will begin buying back toxic corporate assets. By law the government is not allowed to intervene in the market this way, that is why they will be funding a shell company that handles the refinancing of corporate debt. The idea is when the fed buys all of these toxic assets it would be a loan of sorts which corporations can payback post-COVID. Essentially kicking the can down the road. Warren Buffet, the fed chairman, and other investors have said plainly nobody knows what this means for the US in the future but it is necessary to preserve the economy and avoid a catastrophic crash. Given everything I've said it makes sense why the stock market is up right now, this stimulus is borderline illegal and is unprecedented. I had a short on the S&P & Real Estate, once learning about this; I immediately closed out my positions. It wasn't anything too crazy I lost about 10% from the short but for some time people noticed that the fundamentals were messed up had I gotten in late February, I would've made a lot of money. My portfolio is up about 13% right now which is pretty nuts considering everything going on If I didn't get out of the short it would have eroded at the recent gains. (Short was only an experiment, I'm a dividend position investor). I know it was a lot of information but for people to get a better perspective on what is going on, you have to include the debt/credit cycle as well. Even if businesses are not getting customers it doesn't mean they cannot get credit and at this point, the fed is willing to give anyone credit even low rated corporations (Yes companies have credit scores lol). As long as they keep printing money and pumping it into the economy the fed can balance out the dip in economic activity. At this point with the drop in economic activity and the contraction cycle of the economy which you talked about the dollar is facing massive deflation. Unless other countries remove the dollar peg which is pretty much impossible, there isn't going to be rapid inflation of the dollar anytime soon because it is a trust-based system. "America reserves the right to tax the wealthiest people on the planet" Bloomberg market concepts course hammered that in for me and for economists this pretty much means the US can write-off debt indefinitely as long as the payments are within the GDP. I'm bullish on Bitcoin even with the recent price manipulation. However, seasoned investors...do not speculate on the stock market! Dollar-cost averaging into the market at the highs and lows buying the dips and gains within fixed periods is the best way to play this. Additionally, It is smart to hedge your position, in other assets such as Bitcoin. It seems that banks are starting to realizing this as they are taking long positions in the chicago mercantile exchange for the first time ever since early May. JP Morgan is setting up banks for crypto exchanges and Goldman Sachs is holding conferences with investors discussing the market conditions and Bitcoins position in all of this. If this massive comment sparked some interest I would recommend you go and watch The Rich Dad Channel as Robert Kiyosaki talks about the dangers of printing money on there and Ray Dalio because he talks about the cycles of credit and the economy.
PSA: we just had an example in March where the crypto market crashed alongside the stock market. Yes, it did recover more quickly, but i would issue a warning that it is a very uncertain time to enter crypto markets. Note 1: Do not invest if you do not have enough funds for at least 3-6 months of rental, food, utilities etc Note 2: Crypto Markets bounced 60% after the big drop. It is better to practice patience and wait for the bottom to enter. Note 3: If you must enter now, you would be better off taking a disciplined approach and just dollar averaging into the market, i.e. 10% of your investment budget at the same time every month. Do your research on how dollar averaging has outperformed buying the bottom.
Thanks Gabriel. All wise words indeed. Always good to remind people of the risks investing in crypto. Everyone should have a fiat backup for living expenses.
Hey Guy, as always an informative video worth everyone's respect. I have subscribed to your channel for a while now and I don't regret it. Thank you for the hard work.
Just to give this video a bit of balance: I agree that buying bitcoin is probably quite a good idea (not financial advice - purely entertainment), but bitcoin sold off just like gold months ago. When the markets panic because of economic fear (or pain), the only safe haven is cash. No matter what the asset is, there will be people that need to sell their assets to get cash. That is why we see Gold sell off, silver sell off, bitcoin sell off. However, typically these assets recover quicker and sometimes turn on the turbo jets to the moon after the initial panic! Additionally, the risk with a cash position, is that it is crushed by inflation. My entertainment advice: diversify - cash, gold stocks all perform differently under different circumstances, and to get through unscathed in the short term, you don't know which one you will need yet. And you never will (but maybe the printers help a bit brrrr). One last nugget: gold and bitcoin should perform pretty similarly so don't worry too much about which. However, Bitcoin has just gone through a halving. If the cycle follows its historical pattern 'cetirus paribus' then bicoin could rise xxxx% in the next few years alone
Great video I agree 97% The remaining 3% is about gold. Most of the crypto community don't understand why it's a huge risk not to hold precious metals (especially silver). Just like most of the gold bugs don't understand bitcoin. Compare the two is like making a debate if the hammer or the screwdriver is the better tool. :D
I suspect a lot of it is an age thing and the comfort with technology. Older prefer holding something physical and also tend to have a lower risk appetite. I understand both and given more of the world wealth is older and that gold has been proven feel very bullish on gold. Crypto has great technology and will have many uses going forward with many excellent projects. However BTC is totally not proven and is way too volatile and easily manipulated. It has not shown itself to be a store of wealth and is useless as a form of currency because it is too volatile. At the moment it is only a speculative asset and it has mostly been following the stock market so it will quite likely drop when the stock market crashes. At under $5k I would consider buying BTC. Also if we get hyperinflation happening in the US I would consider it but atm it is a gamble and priced too high given current inflation. BTW I really like Crypto it's just that there are too many youtubers pumping the price trying to get their $$ by getting newbies to invest as the whole system requires new entrants to pay the current prices so that they can trade against that and sell out or if they bought in below$6k their wealth grows.
Very sound macroeconomic argument Guy, congratulations. I agree and actually think the correction could be closer to July as we get 2Q earnings posted. For quite sometime it has felt as if we have been kicking imbalances and other economic problems down the road, with debt and debt monetization. I don't think that monetary policy has evolved simply because we need it to; money printing, like repressing a problem, will come back to bite us. Let's hope that it is not as hard as some pundits seem to think, and like you I wish Crypto is part of a long term solution. As always, congrats for the channel!
Also anyone viewing this, don't forget the first wealth is your health. However strapped for cash you are there's usually some easy habits/homework you can get done to make yourself less vulnerable to health ailments in a time when medical attention is scarce. -Sleeping enough hours with consistent bedtime -Sunlight on your bare skin for vitamin D (and sleep regulation) -Whole nutrient-dense foods (vegan, paleo, carnivore, anything is better than Standard American Diet) -Some kind of routine exercise program -Magnesium, iodine, zinc, and selenium somewhere in your diet for immune/hormonal health There's oceans of health content out there and it's really daunting but it is a worthwhile thing to struggle and sort through in the end. Don't let your health be dependent on the culture around you.
Thanks for the comment and it is no doubt helpful. Completely agree! This is a time that will stretch many people mentally and being on top of our physical and mental health is key!
It is indeed true that another crash will come -- one day. It is not clear when that will be, though. I also do finance videos. Keep up the great work! :)
I don't think many people know how to purchase crypto doubt it will catch on. Plus i look at all the cryptos and all the charts i see are heading down while stock market whether it makes sense or not is doing fine.
Amazing video Guy! 🙏🏼 Thank you for posting content on the economy in general, it’s highly relevant to the world of crypto at the moment, likely for a good while longer.
First, My Bad! I just discovered your channel two weeks ago and I love it! I cam going through all of your videos starting from current day. I would love to see an update on The Great Stock Market Crash. I continue to try and short both DOW and NASDAQ with DXD and SQQQ (I Lovee SQQQ because of the weekly options). I would like your thoughts. Finally, the best source of Accurate data for investing I've found on the Internet. Very entertaining also!
It’s because people are investing in stock!! Which increases value!! And they plummeted way down so of course they have to go back up to some point, that’s the law of physics. They’ll drop again but not to the same extent. Just because people are laid off doesn’t necessarily affect stocks if the workers didn’t work for publicly traded companies. Machines do the manufacturing so of course the there’s still value. Get on amazon and tell me u can’t find products to buy? Think about it
I think it’s the current scenario digital market are too bullish and almost many are at high peaks, everyone want to pay their debt, it could be crash within two week.
My crypto guy just became my stock guy lol, much appreciated ! Personally I'm selling some stocks, used to be 75% in stocks now it's below 50% . I have about 20% in crypto mostly ETH waiting for some crash to buy more
Please take time to answer my question. If bitcoin price has been correlated to markets how are ever going to depend on storing our money there? If stocks tank bitcoin has followed.
Although the government can not seize bitcoin, it could ban bitcoin, like a lot of countries have done. This could be devastating to price if the respected exchanges have to close and institutions can’t buy it. Why do you not see this as a problem, but seizing gold is?
Hi Chris. Well, illegal substances are banned but there is still a massive market for it. Indeed, there are many that say that prices would be lower if it was legalized. A government can outlaw the sale of Bitcoin but if people still see value in it, there will be a market. Gold can be seized as the government can just go the vaults and take it. However, if they raid my house and I have all my crypto in a brain wallet - they can't get anything.
Coin Bureau Thanks for getting back to me. I take your point that there will still be a market for it, but that market would be greatly reduced if it was illegal. It would be harder to buy and sell, and most respectable investors would stay well clear. Very different to drugs, which if legalised supply could increase to meet demand. I think to suggest that the price could be higher if it was illegal is a bit disingenuous.
If there is a crash, people will also exit crypto along with stocks and gold. Cash will be king because people will need it. However, my 2 cents is that basically shakes out a ton of weak hands and crypto will return first. Not a financial advisor.
Great content - thanks very much.I believe that you are right. The stock market is not the economy, however all the big players and employers will for sure reduce a few people and if one cannot pay the mortgage any longer, consequently will have to go tramping with a tent. As a consequence the real estate market will crash and as you know with hyper inflation around the corner looming consumption will completely come to a stand still. So no manufacturing and no consumption will bring a halt to all cogs in the consumer economy. With no consumption the prizes for common goods will rise astronomically and here I have an issue with BTC. If BTC will rise to those massive value figures, because it is like Gold even more scarcer, well that is required, and truly expected of BTC, as a loaf of bred will cost 10k, a pound of butter another 15k and so on and if there is a TESCO's still in business a full trolley will be probably costing the normal household easily 250k, which will be the value of a BTC. I think as long we have an economy that promotes:"buy now - pay later" and the dept spiral has risen to an astronomical high mountain and bank CEO's from Sachs and JP Morgan [who are legalized gangsters] are still paid a annual bonus for being incompetent I feel nothing will change. There will be a lot of blood on streets before the gangsters will roll over and say "Hello BTC-of course we will have you as a new paradigm shift" . Crypto currency, block chain and defi are for sure here to stay, however, I do not believe that this is going to happen without a fight between the old FIAT currency hierarchy and the new naive hiphop Moon boys. The question is more how does one survives in such an emerging power struggle and where is the safe place to survive all this when the swords are starting to be crossed. I truly think we require to develop a plan B for the scenario when all this shi... is hitting the fan. I do love BTC and do not understand me wrong here...but what about all the people who have not a dime to invest now and will be left behind, all the developed world who just barely lives on one dollar. All I can say at the present, we live in interesting times and perhaps its time to learn a few survival techniques how to endure life in the wild jungle of humanity, where perhaps soon it will be more important how to find food an shelter and how to protect oneself from emerging new waves of viruses as you rightly remarked a vaccine in 18 month is probably one big lie!!
Guy, if the stock market will experience another crash at the end of the year, is it not highly likely that crypto will follow suit as the two markets are closely correlated? Perhaps this would be seen as another healthy correction before ATH’s in 2021?
Hi Harvey. I think that the recent crash of Bitcoin in March was mostly driven by Asian holders dumping and not really related to stocks tanking in the US. You only need look at how quickly it recovered post the dump. Institutional buyers were quick to scoop it up. Historical correlation prior to that dump was actually not that high.
Question, supposing things crash as bad as predicted wouldn't that cause a lot of shortage for goods given the amount of production power that will be lost? Even if you get gorrillians of dollars in crypto, wouldn't the scarcity for things drive up the price assuming they're even available? I'm wondering if the target is just to be in a winning position or to have said position AND be able to hold it until things return to an equilibrium however long that may take.
Yes. There will be a drop in manufacturing. That is for certain. Also, you have to remember that many countries are now looking for ways in which they can decouple from China. That will bring up costs and bring down output and the availability of cheap goods.
I'm hopeful of btc dropping to 6 to 7k and buying in then, I don't currently own any. I was going to invest in property before the virus but protection for tenants appears to be at the cost of landlords and house prices could easily fall. Would you consider doing a video on real estate? (UK)
Hi Robert. Yeah, there is nothing wrong with averaging into Bitcoin. DCA every day. I could take a look at the UK property market and it is a topic I have considered in the past. Will have a think about what video I can produce.
this is also another reason why there will be another bitcoin Crash. once the 2nd quarter is all reported by huge corperations in mid or end jun early july things will surly crash thats when ill buy into crypto holding in tether for now not to mention june 5th the hash rate will drop 13% and thats when the you will see another miner sell off.
My view is that we are on our way to a Depression not Recession, you can't keep printing money; it took around 3 years to kick in last time in the 1930's so take care of your money before the Banks collapse. Let's hope our Crypto remains safely tucked away!?!
Agreed Kevin. I think that it could actually be quite a prolonged depression. Here is an article: nymag.com/intelligencer/2020/05/why-the-economy-is-headed-for-a-post-coronavirus-depression-nouriel-roubini.html
Great content, much appreciated. One question: Clearly we can't predict the future, but imaging a second crash, would you wait to buy some crypto or, no matter what, would you go for DCA and buy smaller parts over a longer period?
@@CoinBureau thanks so much for taking time out from your busy schedule to send me a reply. Truly appreciated. Keep up with wat you do. With love from Australia 🇭🇲
I own a quite stack of crypto. We had one chance to see safe haven in march 2020, 10500->3900, i lost a lot on this hope . I wont make this mistake again.
I think we are at the beginning of the storm,if you go back at the marketcrash of 2008 and see the chart it was slowly hinting that shit is going to hit the fan..but it was ignored because the market was going down and later bounce back..until it could not hold anymore and things went downhill.this is the same..end or beginning of 2021 i predict the crash will come when inflation hit the shitfan and everything goes downhill.
Hi Juny. Yes indeed. There are many that have a false sense of security in the Fed. The moment that they realise that companies just cannot meet their earnings targets, the markets will react.
W. Buffet indicador: Total Market Cap vs USA GDP. As of today is 142.2%. Significantly overvalued. The stock market crash will be one of biblical proportions. Somewhere between 50% to 65%.
Stock market is not the economy . The crash that we saw this year has actually factored into it all the damages that are foreseeable in the economy for the next 1-2 Years. There are many things indicating and many people claiming that there would be a second crash. But to be honest the crash has already happened and it was 40% and in some case 80 - 90 %. The sock market is a quick snapshot for a long term reflection of positive/negative events in the economy. So the picture has already been take and you can see it in the chats. For those looking at a strong stocks to buy in at the moment I would say it's pretty late because the train has come and gone. But you can still trade FB, Alphabet A, UBER, Boeing, AMZN, ADBE, MSFT these companies will always make money. They are simply cash cows. Bitcoin is actually losing to ALT-Coins and with many coins offering staking and stability I really see a tight future for Bitcoin. 2020 Year of staking. Here is a tip: keep a close watch on ADA the preparing to go live finally.
@@neilbarnard735 if u think about it 0.0001btc is still a part of a btc. If say by some chance this 0.0001 btc is worth 10000usd one day. Can u see? Then 0.00001btw will be worth 1000usd and 0.000001 btc will worth 100usd and 0.0000001 btc will worth 10usd. Can u see? We can extend this unlimitedly longer. With btc price soar to a price that is unimaginably high then 0.0000000000000000000001btc could thoertically worth some money say 1 dollar. Or perhaps we can even say that now we change the way of counting such that 0.00001btc is now 1 btc. Or we could go even further to develope a derivative that call microbtc where 0.0001btc is 1 microbtc. U see where am i going now?
Tricky as dollars are required overseas Lebanon example, so they get away with printing, yet the USA can't afford higher interest rates, but inflation of money supply means inflation so u need high rates. Stock market is rigged when it finally goes run...
Indeed. It is pretty rigged at this point. There is no fundamental reason for the valuations. It appears to only be on hopium coming from the Fed's bazooka.
What about crypto currency is on ETORO? As I have a small percentage of my portfolio dedicated to crypto currency is on EToro only so that when the price is a good sellable price I can instantly do it. Is this in your opinion still being unWise. I still remember the last run trying to get your crypto currencies back on exchange to sell them was a nightmare. Any solutions to get round this problem would be gratefully appreciated
Thank you Guy! Very informational video as always.You always give us a copious amount of points to consider. Question for you? Can the FED afford to let the markets deflate? The number of pension funds that would become insolvent would create another bailout situation. Illinois is already on the brink with other states following close behind. I think the FED will do what they have said and echoed recently; "We will do whatever it takes." In the end it's going to crush future generations with debt and destroy the U.S. dollar. Your thoughts?
Thanks Andrew. Glad you liked the video! Well, the FED will try to do what they can but remember that the Fed is only one side of the equation (Money supply). They can do what they want from a monetary angle but their tool kit for actually expanding company earnings is limited. Usually that is where fiscal stimulus comes in. The only problem with that is that even with these measures, you still cannot force people to spend on goods / services if they are worried about Covid. So the only thing that I am worried about is even if they do release their bazookas on the markets, what happens if it does not really have the desired impact?
My husband invests in the stock market. He’s been shorting but yes! It’s crazy that it’s going up instead. I invest in crypto. I’m long, but damn that 10k resistance can’t be broken urgh
Hi Kari. Yes, wise move by him. There may be a little steam left in that rally but eventually gravity will prevail (sense). Yes, Bitcoin is in a bit of a sideways accumulation phase but I'm looking 2-3 months into my crystal ball when the halving works its way through.
Great vid strange how over this side of the pond we don’t hear about Jc Penney’s or Hertz collapsing ... my only gripe with bitcoin is it’s turned into a pnd coin because of the countless leverage exchanges that it can be traded on... there might also be other far smarter and versatile digital currency that can do a better job than the grandad.
Thanks mate. Glad you liked the vid. Re Bitcoin, I think that it is still evolving. As markets become more efficient the volatility tends to reduce. You only need look back a few years to get a sense how crazy BTC volatility was.
BTC's network value and mind share are unmatched... there will be a few alts that outperform it in the short term just like there are penny stocks that blow up to many times their value, but I don't think there will be much rhyme or reason to why one blows up and another goes to zero, just hype and fomo... next to impossible to predict.
Loved everything about this video minus the fact you didn't just came out straight and just say the fed pumping this market. Saying the market is irrational is a bit suger-coating it
You said it right on the institution markets but espect cryptocurrencies tanks as well to , No financial advice but if you have money on stocks sell and wait for the dump .
Once again, great video. I think that we must look at the "basic services" stocks, like energy and water. Since even at this pandemic scenario, companies, productive industries and people need those. Probably, banks' stocks are a good thing to look at too.. why is that?, because it's hard for a well consolidated bank to fall in bankrupcy. Probably that's one of the economy pillars that the governments need to keep going. The unemployment factor is powerful on the retailer crypto buyer, but the institutional crypto investment is (IMHO) what could lead to a next bullrun in cryptocurrencies. Even so, probably bitcoin price will go down for a while before the bullrun starts, because for a bullrun to happen we need money flowing into the crypto market. Nowadays the priority seems to be preventing an economic crash. Best regards good Guy. I subscribed to your newsletter and I found valuable information there. Thanks a lot for that. (I'm not an advisor). (Sorry about my english, for I'm not a native english speaker)
Thanks Rodrigo! Yes, I think that one can also take a look at some mining stocks. Of course, healthcare companies and drug companies could also be good plays. But everything else - not so much. Bitcoin is currently still playing out from the halving. We have to give it time. Glad you get value from the newsletter!
Hi everyone Thankas Mr for another cool video with very good content. BTW I like your German sense of humour LOL... However, being serious I believe as you said there is still a huge number of ppl that they do not see the reality and its future results. The financial stimulation (loans to business) across EU or USA, hoping it will somehow fix the problem it is more a small fix to flat the curve of future economic crises. Looks like big corporations slowly getting back to actions and drowning a plans (cuts, how to save and survive) in the next years, that will be definitely a big impact on the market. Is it not better to wait till Bitcoins, ETH or XTZ will go down with the price well below what is now?
If you had to choose, which crypto do you think has the biggest potential for future mass adoption? I know different coins have different visions and functions, but my personal bet is on ETH.
Hello Guy, I love your presentations. Extremely educational! I will have to contest this particular one. If the situation is so particularly bad then Bitcoins and Cryptos may not be the sought after safe haven. Bitcoin seems to have correlated with broader markets and shown little signs of independent -resilience. It seems to me that we have created two worlds - the haves and the have nots with an ever widening gap. I feel a shift to focus on fundamentals - food, health and climate will become critical. Do not get me wrong. Please! I am a huge believer of trust-less, permission-less and decentralized assets. So smart-contracts will definitely come. Eventually! It is just that they are not a safe haven for otherwise troubled investments. At least not now. Nothing is absolute. The truth exists in a spectrum. In this particular case, I feel the flight of capitals to cryptos will get a Covid boost. Although it will be tiny. Say 3%? Cheers to a happy and healthy future! Best regards and best wishes, Somnath
The top companies in the S&P are making tons of money off this. The bottom half would have to lose insane amounts of revenue to drop back down into march's lows. The unfortunate truth is that the 15 million people unemployed dont matter to the larger economy. Plus things are opening up and no one wants to sell because they are bullish on the future. The bull argument is strong but you only hear bear news. HMMMMMMMM really makes you think. Everyone is panicking, definitely not the time to buy stay out.
To Keynes’s mind, “there would be more happiness in the world if the population of it were to be diminished.”6 Thus, he advocated government violence to restrict the size of the population. He wanted government to “mould law and custom deliberately to bring about that density of population which there ought to be.”7
I fear the crypto market will go down with the stock market, so, no, I don't think bitcoin will be a safe haven asset (on top of that, it is still an experimental asset) I'm inclined to believe gold will hold its value a little better.
bought some shares recently , it's making me think ! good video as always ...... also , bought some Cardano at a good price . I've good expectations for the Shelly launch . Crypto is the new world order whether they like it or not .Peace .
If a government with its power can confiscate all gold held privately , what stops them doing the same with the cryptocurrency. Assume they just make a law declaring it a treason if anyone cought dealing in cryptocurency and will be hanged. I will appreciate if you could share your expert opinion on this scenario.
Thanks for the great content Guy. I've been using this period of lockdown to get some educating done within the Crypto space. I too firmly believe we are heading for a stock market crash soon and have moved my limited funds into Crypto under MY control. When the global economy realises that the order books in China are empty (because we are concentrating on putting food on the table), and many low paid workforces are no longer employed, where does that lead?...we haven't seen anything yet.
Thanks for the good work 😉 Gold value is manipulated ; My plan is to invest in more cryptos when the crash will come, then my portfolio will be : Cryptos, gold, silver lands and apartments :-)
Thanks Guy, Another great video - well worth its weight in bitcoin! 😉 The challenge is to find a financial tool that does the same as 'shorting' without the downside risk?... Cryptos and precious metals do this to some extent, but it still feels that Bitcoin and friends are a bit of a 'risk on' asset with the current main use case as a trading vehicle rather than a hedge against fiat failure. This impending market event may change all that though!
Thanks! Glad you like it. I suppose you could always buy PUT options on the S&P and a number of stocks if you wanted to short the market in a year with limited downside risk. Agree that currently Bitcoin is heavily speculated on but once we do have a crisis rare assets will be in demand. Bitcoin is one of the rarest out there ;)
This is mainly due to a shakeout post halving as hash rate has fallen. Miners are taking time to adjust to the new difficulty on the network. Also fees have been higher recently which has weighed on the network. I'm more bullish in a 2-3 month horizon.
PS: A stock market crash is almost a certainly. Current Apple, Amazon, Facebook & Google stock market valuation is the same as the entire stock market of Germany. Think about that for a moment and tell me everything is tickety-boo.
Yep totally agree. What makes it even more worrisome is the fact that Amazon has a market cap and share price that is higher than before we went into the crisis.
Hope you guys liked the vid! We are no doubt living in some interesting times and that presents both challenges and opportunities... Btw, many of my followers have asked if I do any long form educational content (courses). Currently I do not but I have been toying with the idea. Would love to have 30 secs of your time if you could give me your feedback in this form 🙏🏻
docs.google.com/forms/d/e/1FAIpQLScUSNVU3hLqHMBLY80LU8_iQ-d-fD1A0uZqSpcEnat2h0zQmg/viewform
Keep safe guys!
Could you please make a video on cashing out through coinbase and the implications of tax and such in the uk and thank you for your time 👍
It will all crash really badly but not before continued manipulation in Gold, BTC/ETH, and stocks. The very very few have been setting up for a bull run as long as they could; there has been a lot of downplaying bitcoin since 2010, especially so since 2013 and 2016, distraction, obfuscation, propaganda, many words come to mind when I look at the big picture of wealth and control systems that are still almost as bad as they were in 2500 BC
I expect there to be at least 2 big crashes and printings, with some dropoffs in the price of BTC followed by support retests, the same shit we keep seeing. Think about it, the whole stock market is an instrument of the banking scum and it behaves the way it does not because the products themselves are doing anything. PEOPLE are manipulated into BUYING THEM IN THE FIRST PLACE in almost all cases. Most stock market listings are because they need the money; all decade we have been seeing not growth, not recovery just more of the same.. charts that supposedly signal things, things happening, more signals. More of the high % lose money in trading, and bankers holding all the best positions all the time
ua-cam.com/video/p5Ac7ap_MAY/v-deo.html going to watch this and hopefully its good enough to get more people to look into the oldest connections between power and money. Long story short Goldman and others steal from all of us, all the time and will be until everything is priced in BTC ; what are they doing ? they are saying they are long now, but they may not be long yet, they may be short. They already tried saying they were short when we all knew we should be long, and the price went UP. They got caught lying about this doing the same stuff before heaps of videos around. Of course there is a point where they might reverse psych. Beware. Uncertainty is INEVITABLE - no matter what, you cannot be certain because you cannot know the future choices of so many, but the point of the above is banks and other evil $#@#ers are becoming an increasingly strong force in the crypto markets, this might even be the biggest ALTSEASON motivator now that I think about it. In the end though there will be a trending towards things being priced in BTC as the decades go past
What am I doing ? I have a little gold, lots of silver rounds, a few other collectables, and lots of BTC and ETH. Recent smaller investments were defi and staking based and are paying off nicely, look at SNX go ! guess its time to sell all my SNX now that i said this ? lol keep up the good work
The thing I so much appreciate about your channel, is that you don‘t sound so manic about crypto, economy, to-the-moon and bulls-race (like most of the crypto-guys on UA-cam). You just calmly analyse the current situation by putting facts and proven information together. This is the core of unbiased and high quality journalism! Keep up the smart work! 💯
Thanks Umberto. I really appreciate it. I do like my analysis to be thorough and wan't to avoid any sort of sensationalism 🙏🏻
"I'm kind of a nerd, so I read the whole thing" wow man! I can see all that hard work to bring this whole video together, I did enjoy your analysis and your thoughts. Keep it up!
Thanks David. Really appreciate the support!
This is definately one of your best videos
Thanks Alex. Glad you like it! will try and do more of these.
IMO, the best video on UA-cam, right now.
Nailed it! Well done.
Thanks Mark!
Maybe you could mirror your content on LBRY.TV. It's a decentralised video sharing platform and a lot of content creators are using it. And you get paid in LBC tokens to watch and post content. I'm trying to get fully away from the totally corrupt UA-cam and support smaller platforms.
Absolutely agree with your views. Spot on.
Thanks man! Glad we think alike.
Thanks guy for keeping us informed good informative news
No problem John. Glad you liked it.
Your content is top notch. Keep up the good work!
Thanks man! Much appreciated and will do.
Great video, a couple of things left off the video. First, the fed announced that it can print an unlimited amount of money to help with the stimulus of the economy (within the confines that the treasury has set for a backstop) which is the first time ever in history. Also, similar to the housing crash, the fed will buy back toxic assets this time it's not only the banks that are getting this special treatment; for the first time in history, the fed will begin buying back toxic corporate assets. By law the government is not allowed to intervene in the market this way, that is why they will be funding a shell company that handles the refinancing of corporate debt. The idea is when the fed buys all of these toxic assets it would be a loan of sorts which corporations can payback post-COVID. Essentially kicking the can down the road.
Warren Buffet, the fed chairman, and other investors have said plainly nobody knows what this means for the US in the future but it is necessary to preserve the economy and avoid a catastrophic crash. Given everything I've said it makes sense why the stock market is up right now, this stimulus is borderline illegal and is unprecedented. I had a short on the S&P & Real Estate, once learning about this; I immediately closed out my positions. It wasn't anything too crazy I lost about 10% from the short but for some time people noticed that the fundamentals were messed up had I gotten in late February, I would've made a lot of money. My portfolio is up about 13% right now which is pretty nuts considering everything going on If I didn't get out of the short it would have eroded at the recent gains. (Short was only an experiment, I'm a dividend position investor).
I know it was a lot of information but for people to get a better perspective on what is going on, you have to include the debt/credit cycle as well. Even if businesses are not getting customers it doesn't mean they cannot get credit and at this point, the fed is willing to give anyone credit even low rated corporations (Yes companies have credit scores lol). As long as they keep printing money and pumping it into the economy the fed can balance out the dip in economic activity. At this point with the drop in economic activity and the contraction cycle of the economy which you talked about the dollar is facing massive deflation. Unless other countries remove the dollar peg which is pretty much impossible, there isn't going to be rapid inflation of the dollar anytime soon because it is a trust-based system. "America reserves the right to tax the wealthiest people on the planet" Bloomberg market concepts course hammered that in for me and for economists this pretty much means the US can write-off debt indefinitely as long as the payments are within the GDP. I'm bullish on Bitcoin even with the recent price manipulation. However, seasoned investors...do not speculate on the stock market! Dollar-cost averaging into the market at the highs and lows buying the dips and gains within fixed periods is the best way to play this. Additionally, It is smart to hedge your position, in other assets such as Bitcoin. It seems that banks are starting to realizing this as they are taking long positions in the chicago mercantile exchange for the first time ever since early May. JP Morgan is setting up banks for crypto exchanges and Goldman Sachs is holding conferences with investors discussing the market conditions and Bitcoins position in all of this.
If this massive comment sparked some interest I would recommend you go and watch The Rich Dad Channel as Robert Kiyosaki talks about the dangers of printing money on there and Ray Dalio because he talks about the cycles of credit and the economy.
Hats off Guy. You keep killing it. 👍🏼 I continue to stack
Thanks mate! Will do
PSA: we just had an example in March where the crypto market crashed alongside the stock market. Yes, it did recover more quickly, but i would issue a warning that it is a very uncertain time to enter crypto markets.
Note 1: Do not invest if you do not have enough funds for at least 3-6 months of rental, food, utilities etc
Note 2: Crypto Markets bounced 60% after the big drop. It is better to practice patience and wait for the bottom to enter.
Note 3: If you must enter now, you would be better off taking a disciplined approach and just dollar averaging into the market, i.e. 10% of your investment budget at the same time every month. Do your research on how dollar averaging has outperformed buying the bottom.
Thanks Gabriel. All wise words indeed. Always good to remind people of the risks investing in crypto. Everyone should have a fiat backup for living expenses.
*Nice Video, This a very Important Topic You Brought Up, keep up the good work*
Thanks Danvin! Will do.
Hey Guy, as always an informative video worth everyone's respect. I have subscribed to your channel for a while now and I don't regret it. Thank you for the hard work.
Thanks Nirmal. Really appreciate the support and glad you get value from it.
"The American dream",
You have to be asleep to believe it
The True Americans didn't agree with the shutdown but then again, real Americans are in the minority now.
Being 'woke' doesn't seem to be working either.
if the stock market sinks, btc is going to go down with it.
My fave George Carlin quote. Have a like, sir !
Ya know I may disagree with you on stuff like xrp but your still definitely a smart dude good shit mane
Thanks Mate. We can all disagree on things and it can be healthy for discourse. Appreciate the support
I disagree on the xrp stuff as well. Guy, you mention all the partnerships on vechain as strong indicators, but not the ones with Ripple?
Great video, very thorough. Love your analyses
Thanks Merton! Much appreciated.
Just to give this video a bit of balance: I agree that buying bitcoin is probably quite a good idea (not financial advice - purely entertainment), but bitcoin sold off just like gold months ago.
When the markets panic because of economic fear (or pain), the only safe haven is cash. No matter what the asset is, there will be people that need to sell their assets to get cash. That is why we see Gold sell off, silver sell off, bitcoin sell off. However, typically these assets recover quicker and sometimes turn on the turbo jets to the moon after the initial panic!
Additionally, the risk with a cash position, is that it is crushed by inflation. My entertainment advice: diversify - cash, gold stocks all perform differently under different circumstances, and to get through unscathed in the short term, you don't know which one you will need yet. And you never will (but maybe the printers help a bit brrrr).
One last nugget: gold and bitcoin should perform pretty similarly so don't worry too much about which. However, Bitcoin has just gone through a halving. If the cycle follows its historical pattern 'cetirus paribus' then bicoin could rise xxxx% in the next few years alone
I will be shocked if gold keeps up with BTC in the next few years... maybe in the short term, but crypto is the future and gold is the past.
@@Zaphod7835 Certain Alts will destroy BTC for gains. You just need to be smart and select the right ones.
Bravo..u got it exactley right. Bring on the future....
Oil producers were NOT paying people to take oil off of their hands! Traders were caught out with.
Those companies were all ready in trouble before the Pandemic started .
Exactly. Failing companies like those are not harbingers.
Great video I agree 97% The remaining 3% is about gold. Most of the crypto community don't understand why it's a huge risk not to hold precious metals (especially silver). Just like most of the gold bugs don't understand bitcoin. Compare the two is like making a debate if the hammer or the screwdriver is the better tool. :D
Why is not holding metals a risk?
I suspect a lot of it is an age thing and the comfort with technology. Older prefer holding something physical and also tend to have a lower risk appetite. I understand both and given more of the world wealth is older and that gold has been proven feel very bullish on gold. Crypto has great technology and will have many uses going forward with many excellent projects. However BTC is totally not proven and is way too volatile and easily manipulated. It has not shown itself to be a store of wealth and is useless as a form of currency because it is too volatile. At the moment it is only a speculative asset and it has mostly been following the stock market so it will quite likely drop when the stock market crashes. At under $5k I would consider buying BTC. Also if we get hyperinflation happening in the US I would consider it but atm it is a gamble and priced too high given current inflation. BTW I really like Crypto it's just that there are too many youtubers pumping the price trying to get their $$ by getting newbies to invest as the whole system requires new entrants to pay the current prices so that they can trade against that and sell out or if they bought in below$6k their wealth grows.
Very sound macroeconomic argument Guy, congratulations. I agree and actually think the correction could be closer to July as we get 2Q earnings posted. For quite sometime it has felt as if we have been kicking imbalances and other economic problems down the road, with debt and debt monetization. I don't think that monetary policy has evolved simply because we need it to; money printing, like repressing a problem, will come back to bite us. Let's hope that it is not as hard as some pundits seem to think, and like you I wish Crypto is part of a long term solution. As always, congrats for the channel!
Also anyone viewing this, don't forget the first wealth is your health. However strapped for cash you are there's usually some easy habits/homework you can get done to make yourself less vulnerable to health ailments in a time when medical attention is scarce.
-Sleeping enough hours with consistent bedtime
-Sunlight on your bare skin for vitamin D (and sleep regulation)
-Whole nutrient-dense foods (vegan, paleo, carnivore, anything is better than Standard American Diet)
-Some kind of routine exercise program
-Magnesium, iodine, zinc, and selenium somewhere in your diet for immune/hormonal health
There's oceans of health content out there and it's really daunting but it is a worthwhile thing to struggle and sort through in the end. Don't let your health be dependent on the culture around you.
Thanks for the comment and it is no doubt helpful. Completely agree! This is a time that will stretch many people mentally and being on top of our physical and mental health is key!
Well done. You got me signed up.
Thanks man! Glad to have you on board!
It is indeed true that another crash will come -- one day. It is not clear when that will be, though. I also do finance videos. Keep up the great work! :)
Thanks Michael. Appreciate the comment. Agreed. Markets can remain irrational for a long time.
Just bought $100 of BTC, all I can afford being jobless.
Lucky you mate
100$ now could pay off in the future. Tiny bit is all you need.
🖤
@@vibsking21 all of the best
Me too
Excellent video. Well explained
Thanks Matthew. Glad you liked it.
You actually READ that thing??? Man, you’re amazing, Guy 😎
I don't think many people know how to purchase crypto doubt it will catch on. Plus i look at all the cryptos and all the charts i see are heading down while stock market whether it makes sense or not is doing fine.
First like & comment! 👍🤑 Keep up the good work!
Thanks Dan! Much appreciated.
@Poo Factory who the fek are you telling to get lost?
@@CoinBureau can you belive this guy? @poofactory, comment reported 🚨idiot
Nice video!
Thanks Armonia.
Amazing video Guy! 🙏🏼
Thank you for posting content on the economy in general, it’s highly relevant to the world of crypto at the moment, likely for a good while longer.
No problem Karen. Will try and mix it up with more of these going forward.
CoronaVirús Red: objective
H1N5U? Yellow: I'm a Final Battle
Great video Guy, i have shared the hell out of it...
Thanks Neville! That is much appreciated.
First, My Bad! I just discovered your channel two weeks ago and I love it! I cam going through all of your videos starting from current day. I would love to see an update on The Great Stock Market Crash. I continue to try and short both DOW and NASDAQ with DXD and SQQQ (I Lovee SQQQ because of the weekly options). I would like your thoughts. Finally, the best source of Accurate data for investing I've found on the Internet. Very entertaining also!
Thank you so much! I think while the market is up, it’s a good time to sell. I know where we are putting the money and it’s not gold!
U.S #1 project...Pump the stock market until the election in November
Keep your eye on the 10 year yield to determine when the crash could happen....
Good point Freeland. Also the shape / spread of the yield curve. Great predictor.
It’s because people are investing in stock!! Which increases value!! And they plummeted way down so of course they have to go back up to some point, that’s the law of physics. They’ll drop again but not to the same extent. Just because people are laid off doesn’t necessarily affect stocks if the workers didn’t work for publicly traded companies. Machines do the manufacturing so of course the there’s still value. Get on amazon and tell me u can’t find products to buy? Think about it
I think it’s the current scenario digital market are too bullish and almost many are at high peaks, everyone want to pay their debt, it could be crash within two week.
Great analysis as always.
My pleasure mate.
My crypto guy just became my stock guy lol, much appreciated ! Personally I'm selling some stocks, used to be 75% in stocks now it's below 50% . I have about 20% in crypto mostly ETH waiting for some crash to buy more
haha. I really am a jack (guy) of all trades. Yeah, I still have some stock exposure but only a small portion tbh.
Please take time to answer my question. If bitcoin price has been correlated to markets how are ever going to depend on storing our money there? If stocks tank bitcoin has followed.
Although the government can not seize bitcoin, it could ban bitcoin, like a lot of countries have done. This could be devastating to price if the respected exchanges have to close and institutions can’t buy it. Why do you not see this as a problem, but seizing gold is?
Hi Chris. Well, illegal substances are banned but there is still a massive market for it. Indeed, there are many that say that prices would be lower if it was legalized. A government can outlaw the sale of Bitcoin but if people still see value in it, there will be a market. Gold can be seized as the government can just go the vaults and take it. However, if they raid my house and I have all my crypto in a brain wallet - they can't get anything.
Coin Bureau Thanks for getting back to me. I take your point that there will still be a market for it, but that market would be greatly reduced if it was illegal. It would be harder to buy and sell, and most respectable investors would stay well clear. Very different to drugs, which if legalised supply could increase to meet demand. I think to suggest that the price could be higher if it was illegal is a bit disingenuous.
btc did drop 60% with the market crash in march though....
Small business getting crushed. Corporations killing it. Stocks reflect the corporate world.
Yeah that is always an unfortunate side effect of US capitalism.
If there is a crash, people will also exit crypto along with stocks and gold. Cash will be king because people will need it. However, my 2 cents is that basically shakes out a ton of weak hands and crypto will return first. Not a financial advisor.
My portfolio is tech heavy and plan on keeping it that way. Tech in crypto that’s all I see for the future.
Any tips on which ones to hold Bhai?
Love the upload like always man thanks
My pleasure Jeffrey.
Great content - thanks very much.I believe that you are right. The stock market is not the economy, however all the big players and employers will for sure reduce a few people and if one cannot pay the mortgage any longer, consequently will have to go tramping with a tent. As a consequence the real estate market will crash and as you know with hyper inflation around the corner looming consumption will completely come to a stand still. So no manufacturing and no consumption will bring a halt to all cogs in the consumer economy. With no consumption the prizes for common goods will rise astronomically and here I have an issue with BTC. If BTC will rise to those massive value figures, because it is like Gold even more scarcer, well that is required, and truly expected of BTC, as a loaf of bred will cost 10k, a pound of butter another 15k and so on and if there is a TESCO's still in business a full trolley will be probably costing the normal household easily 250k, which will be the value of a BTC. I think as long we have an economy that promotes:"buy now - pay later" and the dept spiral has risen to an astronomical high mountain and bank CEO's from Sachs and JP Morgan [who are legalized gangsters] are still paid a annual bonus for being incompetent I feel nothing will change. There will be a lot of blood on streets before the gangsters will roll over and say "Hello BTC-of course we will have you as a new paradigm shift" . Crypto currency, block chain and defi are for sure here to stay, however, I do not believe that this is going to happen without a fight between the old FIAT currency hierarchy and the new naive hiphop Moon boys. The question is more how does one survives in such an emerging power struggle and where is the safe place to survive all this when the swords are starting to be crossed. I truly think we require to develop a plan B for the scenario when all this shi... is hitting the fan. I do love BTC and do not understand me wrong here...but what about all the people who have not a dime to invest now and will be left behind, all the developed world who just barely lives on one dollar. All I can say at the present, we live in interesting times and perhaps its time to learn a few survival techniques how to endure life in the wild jungle of humanity, where perhaps soon it will be more important how to find food an shelter and how to protect oneself from emerging new waves of viruses as you rightly remarked a vaccine in 18 month is probably one big lie!!
Guy, if the stock market will experience another crash at the end of the year, is it not highly likely that crypto will follow suit as the two markets are closely correlated? Perhaps this would be seen as another healthy correction before ATH’s in 2021?
Hi Harvey. I think that the recent crash of Bitcoin in March was mostly driven by Asian holders dumping and not really related to stocks tanking in the US. You only need look at how quickly it recovered post the dump. Institutional buyers were quick to scoop it up. Historical correlation prior to that dump was actually not that high.
Coin Bureau very interesting! Many thanks.
Question, supposing things crash as bad as predicted wouldn't that cause a lot of shortage for goods given the amount of production power that will be lost? Even if you get gorrillians of dollars in crypto, wouldn't the scarcity for things drive up the price assuming they're even available? I'm wondering if the target is just to be in a winning position or to have said position AND be able to hold it until things return to an equilibrium however long that may take.
Yes. There will be a drop in manufacturing. That is for certain. Also, you have to remember that many countries are now looking for ways in which they can decouple from China. That will bring up costs and bring down output and the availability of cheap goods.
I'm hopeful of btc dropping to 6 to 7k and buying in then, I don't currently own any.
I was going to invest in property before the virus but protection for tenants appears to be at the cost of landlords and house prices could easily fall. Would you consider doing a video on real estate? (UK)
Average in slowly. 5 bucks a day. At least you have skin in the game.
Hi Robert. Yeah, there is nothing wrong with averaging into Bitcoin. DCA every day. I could take a look at the UK property market and it is a topic I have considered in the past. Will have a think about what video I can produce.
this is also another reason why there will be another bitcoin Crash. once the 2nd quarter is all reported by huge corperations in mid or end jun early july things will surly crash thats when ill buy into crypto holding in tether for now not to mention june 5th the hash rate will drop 13% and thats when the you will see another miner sell off.
My view is that we are on our way to a Depression not Recession, you can't keep printing money; it took around 3 years to kick in last time in the 1930's so take care of your money before the Banks collapse. Let's hope our Crypto remains safely tucked away!?!
Agreed Kevin. I think that it could actually be quite a prolonged depression. Here is an article: nymag.com/intelligencer/2020/05/why-the-economy-is-headed-for-a-post-coronavirus-depression-nouriel-roubini.html
Great content, much appreciated. One question: Clearly we can't predict the future, but imaging a second crash, would you wait to buy some crypto or, no matter what, would you go for DCA and buy smaller parts over a longer period?
Any idea about altcoin?
Hi guy thanks for the brilliant video. Can you do a video or give your opinion on the Bidao coin? please 🙏🏾
Thanks mate. Yes, many people have asked my opinion on it and I must say that I am not a fan. Would advise you to pass on it.
@@CoinBureau thanks so much for taking time out from your busy schedule to send me a reply. Truly appreciated. Keep up with wat you do. With love from Australia 🇭🇲
Lets be honest the USA needs a bit of a Diet...
I own a quite stack of crypto. We had one chance to see safe haven in march 2020,
10500->3900, i lost a lot on this hope . I wont make this mistake again.
But it's recovering quite nicely
I think we are at the beginning of the storm,if you go back at the marketcrash of 2008 and see the chart it was slowly hinting that shit is going to hit the fan..but it was ignored because the market was going down and later bounce back..until it could not hold anymore and things went downhill.this is the same..end or beginning of 2021 i predict the crash will come when inflation hit the shitfan and everything goes downhill.
Hi Juny. Yes indeed. There are many that have a false sense of security in the Fed. The moment that they realise that companies just cannot meet their earnings targets, the markets will react.
@@CoinBureau yep..btw,good vid as always guy.👍🏼
W. Buffet indicador: Total Market Cap vs USA GDP. As of today is 142.2%. Significantly overvalued. The stock market crash will be one of biblical proportions. Somewhere between 50% to 65%.
Hi Jose. Yep, that is a simple rule of thumb for sure. Just really badly priced.
Thank God for Nerds 🤩
Haha. Thanks John.
Stock market is not the economy . The crash that we saw this year has actually factored into it all the damages that are foreseeable in the economy for the next 1-2 Years. There are many things indicating and many people claiming that there would be a second crash. But to be honest the crash has already happened and it was 40% and in some case 80 - 90 %. The sock market is a quick snapshot for a long term reflection of positive/negative events in the economy. So the picture has already been take and you can see it in the chats.
For those looking at a strong stocks to buy in at the moment I would say it's pretty late because the train has come and gone.
But you can still trade FB, Alphabet A, UBER, Boeing, AMZN, ADBE, MSFT these companies will always make money. They are simply cash cows.
Bitcoin is actually losing to ALT-Coins and with many coins offering staking and stability I really see a tight future for Bitcoin. 2020 Year of staking.
Here is a tip: keep a close watch on ADA the preparing to go live finally.
One thing I don’t get. bitcoin is unlimited in quantity isn’t it? The decimal points can but extended longer and longer.
There can only ever be a maximum number of Bitcoin. 21,000,000. Which is projected to be circa 2140
@@neilbarnard735 if u think about it 0.0001btc is still a part of a btc. If say by some chance this 0.0001 btc is worth 10000usd one day. Can u see? Then 0.00001btw will be worth 1000usd and 0.000001 btc will worth 100usd and 0.0000001 btc will worth 10usd. Can u see? We can extend this unlimitedly longer. With btc price soar to a price that is unimaginably high then 0.0000000000000000000001btc could thoertically worth some money say 1 dollar. Or perhaps we can even say that now we change the way of counting such that 0.00001btc is now 1 btc. Or we could go even further to develope a derivative that call microbtc where 0.0001btc is 1 microbtc. U see where am i going now?
No, of course stock markets are not valued rationally but they haven't been for many years so why should it matter now?
Tricky as dollars are required overseas Lebanon example, so they get away with printing, yet the USA can't afford higher interest rates, but inflation of money supply means inflation so u need high rates. Stock market is rigged when it finally goes run...
Indeed. It is pretty rigged at this point. There is no fundamental reason for the valuations. It appears to only be on hopium coming from the Fed's bazooka.
Please tell us your gold storage secret. Like PAXG you talked about a while ago?
Yes indeed. Good guess ;). just much easier than holding the physical at the moment.
What about crypto currency is on ETORO? As I have a small percentage of my portfolio dedicated to crypto currency is on EToro only so that when the price is a good sellable price I can instantly do it. Is this in your opinion still being unWise. I still remember the last run trying to get your crypto currencies back on exchange to sell them was a nightmare. Any solutions to get round this problem would be gratefully appreciated
Thank you Guy! Very informational video as always.You always give us a copious amount of points to consider. Question for you? Can the FED afford to let the markets deflate? The number of pension funds that would become insolvent would create another bailout situation. Illinois is already on the brink with other states following close behind. I think the FED will do what they have said and echoed recently; "We will do whatever it takes." In the end it's going to crush future generations with debt and destroy the U.S. dollar. Your thoughts?
Thanks Andrew. Glad you liked the video! Well, the FED will try to do what they can but remember that the Fed is only one side of the equation (Money supply). They can do what they want from a monetary angle but their tool kit for actually expanding company earnings is limited. Usually that is where fiscal stimulus comes in. The only problem with that is that even with these measures, you still cannot force people to spend on goods / services if they are worried about Covid. So the only thing that I am worried about is even if they do release their bazookas on the markets, what happens if it does not really have the desired impact?
My husband invests in the stock market. He’s been shorting but yes! It’s crazy that it’s going up instead. I invest in crypto. I’m long, but damn that 10k resistance can’t be broken urgh
Hi Kari. Yes, wise move by him. There may be a little steam left in that rally but eventually gravity will prevail (sense). Yes, Bitcoin is in a bit of a sideways accumulation phase but I'm looking 2-3 months into my crystal ball when the halving works its way through.
Coin Bureau I always knew you had a crystal ball. Bingo
Stock market is not economy. It is exact opposite :)
Great vid strange how over this side of the pond we don’t hear about Jc Penney’s or Hertz collapsing ... my only gripe with bitcoin is it’s turned into a pnd coin because of the countless leverage exchanges that it can be traded on... there might also be other far smarter and versatile digital currency that can do a better job than the grandad.
Thanks mate. Glad you liked the vid. Re Bitcoin, I think that it is still evolving. As markets become more efficient the volatility tends to reduce. You only need look back a few years to get a sense how crazy BTC volatility was.
BTC's network value and mind share are unmatched... there will be a few alts that outperform it in the short term just like there are penny stocks that blow up to many times their value, but I don't think there will be much rhyme or reason to why one blows up and another goes to zero, just hype and fomo... next to impossible to predict.
Loved everything about this video minus the fact you didn't just came out straight and just say the fed pumping this market. Saying the market is irrational is a bit suger-coating it
You said it right on the institution markets but espect cryptocurrencies tanks as well to , No financial advice but if you have money on stocks sell and wait for the dump .
As long as people like you say stock crash, it is not coming. 5k sp500.
Once again, great video.
I think that we must look at the "basic services" stocks, like energy and water. Since even at this pandemic scenario, companies, productive industries and people need those.
Probably, banks' stocks are a good thing to look at too.. why is that?, because it's hard for a well consolidated bank to fall in bankrupcy. Probably that's one of the economy pillars that the governments need to keep going.
The unemployment factor is powerful on the retailer crypto buyer, but the institutional crypto investment is (IMHO) what could lead to a next bullrun in cryptocurrencies. Even so, probably bitcoin price will go down for a while before the bullrun starts, because for a bullrun to happen we need money flowing into the crypto market. Nowadays the priority seems to be preventing an economic crash.
Best regards good Guy. I subscribed to your newsletter and I found valuable information there. Thanks a lot for that.
(I'm not an advisor).
(Sorry about my english, for I'm not a native english speaker)
Thanks Rodrigo! Yes, I think that one can also take a look at some mining stocks. Of course, healthcare companies and drug companies could also be good plays. But everything else - not so much.
Bitcoin is currently still playing out from the halving. We have to give it time.
Glad you get value from the newsletter!
Hi everyone Thankas Mr for another cool video with very good content. BTW I like your German sense of humour LOL... However, being serious I believe as you said there is still a huge number of ppl that they do not see the reality and its future results. The financial stimulation (loans to business) across EU or USA, hoping it will somehow fix the problem it is more a small fix to flat the curve of future economic crises. Looks like big corporations slowly getting back to actions and drowning a plans (cuts, how to save and survive) in the next years, that will be definitely a big impact on the market. Is it not better to wait till Bitcoins, ETH or XTZ will go down with the price well below what is now?
If you had to choose, which crypto do you think has the biggest potential for future mass adoption? I know different coins have different visions and functions, but my personal bet is on ETH.
I pressed ‘like’ at 20:13
Unashamed! :D
Depression by design...
Coinbureau how many halving will there ever be
Every 4 years untill 2140, a genious set up pyramid system,I dont mean a scheme but I doubt the last BTC will ever be mined.
Hello Guy,
I love your presentations. Extremely educational!
I will have to contest this particular one. If the situation is so particularly bad then Bitcoins and Cryptos may not be the sought after safe haven. Bitcoin seems to have correlated with broader markets and shown little signs of independent -resilience. It seems to me that we have created two worlds - the haves and the have nots with an ever widening gap. I feel a shift to focus on fundamentals - food, health and climate will become critical.
Do not get me wrong. Please! I am a huge believer of trust-less, permission-less and decentralized assets. So smart-contracts will definitely come. Eventually! It is just that they are not a safe haven for otherwise troubled investments. At least not now.
Nothing is absolute. The truth exists in a spectrum. In this particular case, I feel the flight of capitals to cryptos will get a Covid boost. Although it will be tiny. Say 3%?
Cheers to a happy and healthy future!
Best regards and best wishes, Somnath
The top companies in the S&P are making tons of money off this. The bottom half would have to lose insane amounts of revenue to drop back down into march's lows.
The unfortunate truth is that the 15 million people unemployed dont matter to the larger economy. Plus things are opening up and no one wants to sell because they are bullish on the future.
The bull argument is strong but you only hear bear news. HMMMMMMMM really makes you think. Everyone is panicking, definitely not the time to buy stay out.
the stock market may not crash. the fed themselves said they will just print infinity to prevent that. the economy is fked tho
Print infinity means eventually the USD goes the way of the dodo,end result zero value
@@patpatat5871 actually deflation seems more likely at this point... either way its going to suck
This aged well
What? 1,200 dollars isn’t enough for 2 months! Who knew?
To Keynes’s mind, “there would be more happiness in the world if the population of it were to be diminished.”6 Thus, he advocated government violence to restrict the size of the population. He wanted government to “mould law and custom deliberately to bring about that density of population which there ought to be.”7
Can't argue with that...
I fear the crypto market will go down with the stock market, so, no, I don't think bitcoin will be a safe haven asset (on top of that, it is still an experimental asset) I'm inclined to believe gold will hold its value a little better.
bought some shares recently , it's making me think ! good video as always ...... also , bought some Cardano at a good price . I've good expectations for the Shelly launch . Crypto is the new world order whether they like it or not .Peace .
If a government with its power can confiscate all gold held privately , what stops them doing the same with the cryptocurrency. Assume they just make a law declaring it a treason if anyone cought dealing in cryptocurency and will be hanged.
I will appreciate if you could share your expert opinion on this scenario.
Thanks for the great content Guy. I've been using this period of lockdown to get some educating done within the Crypto space. I too firmly believe we are heading for a stock market crash soon and have moved my limited funds into Crypto under MY control. When the global economy realises that the order books in China are empty (because we are concentrating on putting food on the table), and many low paid workforces are no longer employed, where does that lead?...we haven't seen anything yet.
Thanks man. Glad you like the content! Yes indeed, we have only really seen the first chapter. Always control your keys and stack that Bitcoin
Thanks for the good work 😉 Gold value is manipulated ; My plan is to invest in more cryptos when the crash will come, then my portfolio will be : Cryptos, gold, silver lands and apartments :-)
Good I'm accumulating....
Thanks Guy,
Another great video - well worth its weight in bitcoin! 😉
The challenge is to find a financial tool that does the same as 'shorting' without the downside risk?...
Cryptos and precious metals do this to some extent, but it still feels that Bitcoin and friends are a bit of a 'risk on' asset with the current main use case as a trading vehicle rather than a hedge against fiat failure. This impending market event may change all that though!
Thanks! Glad you like it. I suppose you could always buy PUT options on the S&P and a number of stocks if you wanted to short the market in a year with limited downside risk.
Agree that currently Bitcoin is heavily speculated on but once we do have a crisis rare assets will be in demand. Bitcoin is one of the rarest out there ;)
Hi could you do a review of LCX token?
Thanks for your videos, they inspire me to continue programming :)
Thanks Pedro. Yep, I will take a look into it to see if it could be worth covering :)
Why is Bitcoin dropping?
This is mainly due to a shakeout post halving as hash rate has fallen. Miners are taking time to adjust to the new difficulty on the network. Also fees have been higher recently which has weighed on the network. I'm more bullish in a 2-3 month horizon.
I spent my entire stimulus check on Bitcoin.
PS: A stock market crash is almost a certainly. Current Apple, Amazon, Facebook & Google stock market valuation is the same as the entire stock market of Germany. Think about that for a moment and tell me everything is tickety-boo.
Yep totally agree. What makes it even more worrisome is the fact that Amazon has a market cap and share price that is higher than before we went into the crisis.