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Yavin4

(37,182 posts)

19. If the crypto bros win, everyone who doesn't hold crypto loses.

Reply to Hugin (Reply #11)

Sat Nov 9, 2024, 01:25 PM

Nov 2024

If Elon et al takes us off the dollar, then every asset that you own becomes worthless overnight including your home since it will be priced in crypto instead of dollars.

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So right now the stock market is going crazy. How long is it anticipated to last before the bottom drops out? [View all] Jmb 4 Harris-Walz Nov 2024 OP

Here's some advice Prairie Gates Nov 2024 #1

Oh trust me I know. But it doesn't hurt to get some info before seeing my financial advisor. I'd never take any Jmb 4 Harris-Walz Nov 2024 #10

Good Lord Prairie Gates Nov 2024 #12

What did I say to get that reaction? Puzzled 🤔 Jmb 4 Harris-Walz Nov 2024 #17

Depends on how "professional" your professional is. DFW Nov 2024 #20

Hope you're no longer with that agent at Morgan Stanley! Jmb 4 Harris-Walz Nov 2024 #24

I put them in deep freeze DFW Nov 2024 #29

Right now the market is going crazy over deregulation gab13by13 Nov 2024 #2

Bill Clinton predicted recently the next President would be gifted with an economic boom andym Nov 2024 #3

It all depends on what he will actually do, and if he goes through with what JohnSJ Nov 2024 #4

If anyone knew the answer to that question they would be the richest person in the world overnight. Groundhawg Nov 2024 #5

Dunno, retired Fed here too, but my TSP's been absorbed long time ago, relying on pensions (and Soc Sec.) elleng Nov 2024 #6

I got blasted when I posted this earlier this week, but here it goes. Yavin4 Nov 2024 #7

Can't cash out 401K until retirement. n/t CousinIT Nov 2024 #8

But you can move the money into safer investments. Jmb 4 Harris-Walz Nov 2024 #14

I'm not saying cash out. Yavin4 Nov 2024 #15

Berkshire Hathaway agrees IA8IT Nov 2024 #13

A friend of mine in Dallas would agree with you. DFW Nov 2024 #26

Market timing is folly Fiendish Thingy Nov 2024 #16

That is all correct. Folks who indulge in market timing are much more dependent on Disaffected Nov 2024 #21

Diversify if you can DFW Nov 2024 #27

Agreed and to add... WarGamer Nov 2024 #23

Stay diversified Fiendish Thingy Nov 2024 #9

I agree. n/t Hugin Nov 2024 #18

To be honest... Hugin Nov 2024 #11

If the crypto bros win, everyone who doesn't hold crypto loses. Yavin4 Nov 2024 #19

You can even buy and pay with crypto on PayPal now womanofthehills Nov 2024 #25

Jeez. Can he actually do that? Gonna check that out Joinfortmill Nov 2024 #30

No. He cannot alone. Yavin4 Nov 2024 #31

Recessions are cyclical... WarGamer Nov 2024 #22

I moved 20% into cash/money market funds this morning Joinfortmill Nov 2024 #28