The #Celsius news could be short term capitulation for #Crypto. How investors at $65-69k were calling for 100k, 500k, 1M within months still blows my mind. Every signal on the chart said 20k. #Bitcoin#Ethereum#Solana#Binance
Remember in October 2021 when I said #Bitcoin would head to 20k and the cause would be a deleveraging event. Welcome to the deleveraging event (and it is not over yet). Also, that 90%+ of #crypto needs to be wiped out in a #Darwinian event? It has started #Luna@davidlin_TV
Shelter is the single biggest component of CPI (33% of the Index) and is still being wildly understated (@ +5.1% YoY) with rents up 16% over the last year and home prices up 20%. The true inflation rate is much higher than 8.3%.
Price increases over last year (CPI report)
Gasoline: +43.6%
Used Cars: +22.7%
Gas Utilities: +22.7%
Meats/Fish/Eggs: +14.3%
New Cars: +13.2%
Electricity: +11.0%
Food at home: +10.8%
Transportation: +8.5%
Overall CPI: +8.3%
Food away from home: +7.2%
Apparel: +5.4%
Shelter: +5.1%
This is what happens when they hold interest rates well below the inflation rate (and thus well below the nominal GDP growth rate) for a lengthy period of time.
Debt/GDP can always be lowered, if one is willing to accept the rapid debasement of the currency. Like the 1940s.
My May 2022 newsletter is now available.
It focuses on the Fed's dilemma as it tries to fight inflation without causing a recession:
https://t.co/F4oP3EIDJQ
Here is a compilation of all the major threads I have done in the past on "Principles of Investing" & "Fundamental Analysis of Crypto-currencies".
I like to take concentrated long term bets and only invest in the highest quality names.
Fundamentals > Hype
Compilation below 👇
Generational buying opportunity over the coming weeks and months.
The biggest mistake you can do right now is tap out as this market deflates.
Now is when the legends of next cycle are formed.
@wclemente And this is a 1 of 1 NFT portrait of Michael Saylor’s great great grandson worth $100M…which (you guessed it) the future Saylor sells to buy more Bitcoin
@_masterinvestor Thank you for your expertise, guidance, and generosity bro. My question is, how do you manage your time daily, weekly, and monthly? I have a wife, a toddler, a 9-to-5, and a small biz so I often struggle with time efficiency and balance. Your insight would be appreciated 💌✌🏽
@PeterMcCormack [Headline]
Earth Could Become “Uninhabitable” Climate Experts Warn
[Subhead]
People living on earth should be aware of the risks of having children, top researchers say
@investanswers They clearly haven’t seen the abundance of thumbnails with awful fonts that are 5 different colors and end with 3 or more exclamation points lol. You’re a gift to the community James. Don’t be discouraged or distracted by baseless claims. Keep calm & carry on 💌