Saw this shared by a friend on another platform...

Ya'll got thoughts?

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Sounds like another gold bug pumping his bags.

i think 2008/09 also had several legs down of stock market over several months.

So it would make sense that this is just the first of several stock market dips.

I personally think DCAing BTC is easiest way to balance risk and reward.

I experience more pain when I wait to buy BTC than I experience pain when I buy and the BTC price goes down.

however, i think it's smarter to keep diversification of some cash and set buying limits down, but this requires patience and discipline which I don't have.

Dumb. I already survived a drop to 15k Bitcoin barely over a year ago. Next.

My thoughts: #deletefacebook, stay humble, and stack sats

Peter schiff writing stories again.

Years ago, I purchased a highly recommended book on real estate investing that was written by a professor. In typical academic style, prior launching into the subject, he attacked (what he perceived as) his opposition. The entirety of chapter two was spent comparing stock market investments to real estate investments, to show you how stock market investing is a path to loss, whereas real estate investing allows you to pull in profits.

I didn't read much past that point, because the man is obviously an idiot. You can make money investing in nearly anything. Pretending that your favorite investment vehicle is "the only real option" is very short-sighted.

Every investment vehicle has reasons not to invest in it. The risks are hoisted high, with no mention of how to manage them, in an attempt to smear it. In reality, all investing is about managing risk. The higher the risk, the higher the reward, so the skill of risk management is what will allow you to play in the field of "higher rewards".

Invest in what you see to be valuable. Do research. Start with your exit plan, then figure out your entry. It doesn't matter if it's APPL, precious metals, BTC, SHTCN, seeds, or a classic car. Looking at only one investment vehicle, or only one store of wealth, is how poor people do it.