People Are Talking About How To Take Profits From the Crypto Bullrun

builderofcastles -

I watched a video recently about a guy who had a million dollars in bitcoin, and wanted to know what to do with it.

And the advice was all about selling it, and getting back into cash in the bank. And then buying real estate, bonds and stocks. What the advisor was correct about is that "you have a million dollars", you are set for life. You can stop working.

What the advisor was not correct about is that the old system is going away. Leaving your wealth in bitcoin is one of the best, safest, future proof, places to leave your wealth.

Of course, the advisor was afraid of crypto going to zero. And believe me (and many others on this platform) that 90% of cryptos out there are going to zero. They are a scam, a meme that didn't take off, or a project that never got enough support. No matter, they will be gone, cleaned out.

That said, crypto is the future. Fiat dollars are the past. And the fiat, if it doesn't hyperinflate into nothing, will just become forgotten.

Its a new world, and we need to think of investing in new world terms.

The old, safe assets, are going, going, gone

All of these "safe assets" are places you do not want to rely on for a retirement fund.

They are as safe as "money in the bank". Which will be shown to not be safe at all, here shortly. So much bank money will go foop.

How can you take profit from crypto?

This is a difficult question, because they only new asset that is really known is crypto. There will be a lot of new technology coming out, and you could invest in those, but by the time they get to the big corps, newer technology will already be upon us. So, basically, you need to find individuals actually making the things.

The nice thing about this coming tech is that it will allow you to live off-grid anywhere in the world. So, you can invest in a homestead, and a power source, and a water source, and an internet source. And, then, basically, you will be set for life (after you build and farm your greenhouse)

So, all i can say is to take crypto profits into the sure-thing cryptos.
Watch for the ones that are actually being used.

A strange question: "What will happen to Tether when the dollar starts really inflating or collapsing?"

Will Tether lose its peg to the dollar as the dollar shoots further and faster to zero?
If a financial crisis happens where the bank dollars are lost, locked up or stolen, then Tether may be worth far more than a dollar. (and may stay that way as Tether can't keep up with the dollars self-destruction)


All images in this post are my own original creations.