Tezos Trader

31 Mar 2025 14:18

the point is that there is a certain platform that stores gold in a common storage facility and organizes trades, someone can take the gold, and someone can leave it and continue to pay for its safety according to their share

Tezos Trader

31 Mar 2025 14:17

means its your gold. you can go see and touch it

Tezos Trader

31 Mar 2025 14:15

People keep their valuables and pay for their safety

Tezos Trader

31 Mar 2025 14:14

it may be not in the bank. it may disappear from the bank

Tezos Trader

31 Mar 2025 14:13

I actually find it fun that Elon wants to check Fort Knox. Cos paper numbers also not real gold

Tezos Trader

31 Mar 2025 14:11

bitcoin has advantages of easy self-custody and liquidity

Tezos Trader

31 Mar 2025 14:08

To trade gold you don't have to physically own it

Tezos Trader

31 Mar 2025 14:07

physical one is illiquid, digital one inherites risks from institution holding it for you

Tezos Trader

09 Mar 2025 12:45

Trump is driving the US into recession with tariffs, which will force Powell to lower the key rate in order to pump crypto, MULTI-MOVE!! 😎

Tezos Trader

07 Mar 2025 20:07

Got a big chunk of BTC with avg price of 18k though, and sold that at 100k so shy 6x in that trade was a good start to this cycles trading 💪🏻

Tezos Trader

07 Mar 2025 20:04

Well I'm still holding tezos so also had to endure some pain 🥲

Tezos Trader

07 Mar 2025 19:58

Indeed. Should be a fun year. Been a loooong bear, was hibernating. Just flipped BTC purchases to some choice alts though and in a long with decent enough prospects so feeling somewhat optimistic again. You?

Tezos Trader

07 Mar 2025 18:08

Well, close to as high as the records go whatever that's worth

Tezos Trader

07 Mar 2025 18:05

Rally into close I reckon. Would want to get over 5730ish on S&P. Id imagine it'll come after Powells spiel in a bit

Tezos Trader

06 Mar 2025 21:04

I think the same. Too much fear.

Tezos Trader

31 Mar 2025 14:17

and not just numbers on your account

Tezos Trader

31 Mar 2025 14:16

if you store physical gold there, its ok

Tezos Trader

31 Mar 2025 14:15

what about bank cells

Tezos Trader

31 Mar 2025 14:14

the only thing you will need to pay the bank is for storing gold

Tezos Trader

31 Mar 2025 14:13

why get it physically at all, it's in some bank, trade it, it doesn't move anywhere physically, but different people own it from time to time

Tezos Trader

31 Mar 2025 14:10

ya, but thats not real gold. if the institution offering it to you gets rekt, you get rekt too

Tezos Trader

31 Mar 2025 14:08

like, when you buy gold etf or numbers on the screen...thats not real gold
gold bars in the safe are real gold

Tezos Trader

09 Mar 2025 13:15

I love that theory,
he has to make the dollar weaker
so he can refinance debt at a lower price
other countries can start to go Burr!!! (weaker dollar), to keep their countries working!
then USA $ go Burrr!!!
then assets owners and rich people get that liquidity!
then crypto pop as a result!
it's a bad system, but its the best there is!

Tezos Trader

09 Mar 2025 10:31

What about the recession in the US? It's time to lower the key rate, Mr. Powell

Tezos Trader

07 Mar 2025 20:05

Could do with a nice run this year now to make up for some major opportunity cost from the last cycle 🙄😅

Tezos Trader

07 Mar 2025 20:03

I took a large haircut in 2024... Been working to build that back...I need a decent leg up this year to do that

Tezos Trader

07 Mar 2025 19:55

That was fun....How you been ? It's been a looong time

Tezos Trader

07 Mar 2025 18:07

Record puts ATM as well. This would be a nice setup to get them all on the wrong side

Tezos Trader

07 Mar 2025 17:27

I think this lvl ends up holding

Tezos Trader

04 Mar 2025 19:29

Maybe 19980 on the NQ and Crypto will follow