mono-stereo I’ve only dipped my toes in so fuck all in the grand scheme of things. At present about 1k down.
But I’m happy to sit this shit out for a few years and hope for some return.
No buying the dips as I can’t be arsed to get invested in monitoring this anymore.
Wally People seem to think we’re in another 2008 crash. We just don’t know the reason why it’s happened at the moment.
Double digit inflation, consumer confidence and a war in Ukraine?
Old-Dutch I’ve got a mate who’s been saying the same thing for a long time - he’s a trader though and it’s always been in his interest to have bad news. I just hope it doesn’t collapse in the next twenty years so I can avoid it by dying.
Zooming out…
Lol. I’m hoping it isn’t the case, but it kind of feels a bit ‘last days of Rome’ at the moment the way things are going. Looking forward to owning nothing in 2030, but at least I’ll be happy…..
Glastonbury next week, we go again!
Along_the_Wire All valid reasons. I’d still not discount the possibility of ‘greedy cunts doing borderline illegal things causes things to go off a cliff’ in there as well though.
We’ve been (or central banks/governments have been) delaying the inevitable for years through QE. The consequences of that include bonkers commodity and asset prices and amateurs like Funky thinking they have a Midas touch and can see into the future using “charts” 
.
It’s not a question of if there’s gonna be a reckoning, it’s when.
Thats a sobering read
What’s interesting is how all of these trading platforms suspend withdrawals when the shit hits the fan all to “protect you”. Not that the owners / big fish / players will not be able to withdraw of course - just you. Then when the whole thing bottoms out, they’ll buy up again - ready for the next opportunity.
Mono you can play the markets crypto both fkn ways who cares if things collapse play it on the down side and the way back up again. You don’t sound like you are willing to take a risk on either side so you will remain poor.
I think we’re all going to remain poor, Funky. The system is designed to keep us this way
Along_the_Wire Double digit inflation, consumer confidence and a war in Ukraine?
Yeah, exactly, massive supply shocks causing stagflation basically.
“We just don’t know the reason it’s happened” - wat?
Old-Dutch It’s not mate learn 13/48 and watch the indexes, play them down and up can do it with options, cfds or 3x leverage short or long which has less risk. This is the time to be learning not sitting back.
Don’t listen to mono look at ever crash in history it’s always followed by a huge bull run.
I’ve got mates who have just lost fortunes in crypto. Serious money.
Old-Dutch I’ve got mates who have just lost fortunes in crypto. Serious money.
Exactly.
Many different ways to be accumulating wealth. I won’t get into a cock-waving contest with crypto fanboys but I’m quite comfortable with properties with only a £300 a month mortgage remaining on one of them and plenty of discretionary income.
Give me that over the crypto rollercoaster thanks.
