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Strategies & Market Trends : Value Investing

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E_K_S

To: E_K_S who wrote (65597)	12/5/2020 2:56:29 PM
From: FIFO_kid2	1 Recommendation Read Replies (2) of 78817

I agree the reason why crypto has moved higher is the risk of the reset dethroning the dollar as the world's reserve currency. The major draw to bitcoin is it an anonymous exchange on the ledger and its hashrate continues to fall until it is fully mined to eventually create a fixed coin float (no dilution). Bitcoin does use too much energy and the transactions are relatively slow. Other blockchain technologies also could dethrone it. I saw the light in crypto when India confiscated its high denomination cash in late 2016. Before that I thought it was similar to a virtual reality game and eventually made an ethereum investment after about 2 months of research as to what would be the best dealer to select for purchasing it (at the time it was Coinbase). Another thing to be wary of is Coinbase is now in the hands of price manipulator Goldman Sachs so the cowboys days of crypto are over. Once crypto went Wall street I sold my position until late October of 2020 I put 1/2 of my cash position into GBTC into my Roth based upon this reset uncertainty. The problem with a fiat based crypto is it likely will be always created, let big brother know every detail of your life and they will turn off your digits to "unperson" you making you virtually not functional in society if you don't obey and your social credit score is not up to their standards. As for commodities I would say that is where I have the most technical knowledge and always directly pick the producing companies among the mine field of liars in the industry. I rarely pick companies in mining for instance before the PFS stage and usually wait for an adverse event to pick the best junior companies. For oil and gas I look for firms that have virtually no long term depletion in their field(s) exhibit free cash flow under most conditions and the last 2 price cycles waited to buy when the commodity price was off 75% from the cycle high which has always historically produced profits. With respect for gold I think it is an investment hedge in a disorderly society but not a fan of owning much of the physical metal for the same reasons Warren Buffett's pet rock/ doesn't generate a return argument but if long rates go negative I can see the attraction. Sector ETFs are good to consider especially when you don't have the technical expertise of the sector i.e. I know in genomics I don't know what CRSPR firm has a technological edge but I know it will likely be a revolutionary technology for genetics.

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