09/21 - Waning Wednesday!

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gm good people , another rate hike incoming today at 2P. My portfolio has tanked accordingly .
Yup, this is why I have been primarily shorting the market in recent months. I have a really tight limit set on it but I have slowly but surely making some headway with it.
 

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Yup, this is why I have been primarily shorting the market in recent months. I have a really tight limit set on it but I have slowly but surely making some headway with it.
well ... you could look at it this way ... in the 80's one could earn 8 to 11 percent interest on a bank CD, not to mention account deposit. but then i remember housing interest rates as high as 11 percent. we're gonna "enjoy" the next 20 years ...
 

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Yup, this is why I have been primarily shorting the market in recent months. I have a really tight limit set on it but I have slowly but surely making some headway with it.
I'm a crypto swingtrader, so far this year i've gotten wrecked almost down 89% from last year
 
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Dimension

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I'm a crypto swingtrader, so far this year i've gotten wrecked almost down 89% from last year
Yeah, since crypto does not really have anything backing it like traditional stocks I pretty much stay away from them. Hard for me to invest in something that is worth whatever someone says its worth without being able to back that value number with anything physical.
 

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Yeah, since crypto does not really have anything backing it like traditional stocks I pretty much stay away from them. Hard for me to invest in something that is worth whatever someone says its worth without being able to back that value number with anything physical.
I think it may well be a giant bubble, but I am still trying to reap some reward from it while its still going. My portfolio is 80% Crypto and has been responsible for almost 50% of my gains in the last 2 years. I dont expect it to go on like this forever, but I also think its too big currently to just go away overnight or crash completely without going back up again. I think that similarly to the .com bubble, all cryptos could be inflated simply because it's an exciting new space. They still have to withstand the test of time.
 

cassius

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Yeah, since crypto does not really have anything backing it like traditional stocks I pretty much stay away from them. Hard for me to invest in something that is worth whatever someone says its worth without being able to back that value number with anything physical.
I believe it's called the great illusion of reality. Ahriman/the eighth sphere ... the net closing in on us with no escape.

"Briefly described, Ahriman is our tendency to be caught in external deceptions. All that glissens is not gold, as the pseudonym Shakespeare wrote in a famous sonnet. The Vedic philosophers called it Maya, the Great Illusion of Reality. Lucifer is our tendency to be engulfed by inner deceptions and hallucinations. Ahriman is the pitfall of science, Lucifer is the side alley of mysteries. Man swings from one extremity to the other until he learns to create balance. The Greeks called this balance the Golden Mean, the Buddha taught his disciples to avoid extremes, the Daoists called it Dao."

https://www.nedersteetage.com/en/the-8th-sphere-humans-caught-in-a-trap/
but it gets deep and most probably don't accept it.
 

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