I love to see so many comments, everyone. It is amazing what a title for something can provoke to draw out emotions and comments. If you listened to the talk, you would know that 98% of the talk is on the stock market, metals, and how to preserve money in certain market conditions.
The title “Fiat Currency is a Better Store of Value than Bitcoin” is nothing more than PART of a comment. I was explaining that if Bitcoin was going to fall in value its best to move to cash (USD) short term vs. shifting your money to another crypto. Most cryptos move similar to bitcoin. There are not many cryptos that rise when Bitcoin is falling.
Anyways, lots of passion for BTC here, great to see the comments!
Tom welcomes Chris back to the program, Chris is the CEO & Founder of Technical Traders Ltd.
Chris is expecting another market correction since the fundamentals for the market have only worsened. Small investors have been piling in while smart money has been exiting. He feels that “The average person is going to get completely slaughtered.
“Chris is bullish on silver, as it seems primed for a move higher. “
Chris is reserved on cryptocurrencies; for him, they are difficult to trade, and they lack as a store of value since it can be challenging to take profits.
We could see a dip in gold when markets sell-off, but since March, the fundamentals have changed in terms of investor psychology. This time people will be primarily concerned about losing money and instead of selling everything may choose to change sectors. Investors may instead strategically move to other hotter sectors like gold.
Guest Links: Website: https://www.thetechnicaltraders.com
Time Stamp References: 0:30
– Recent market events. 2:45
– Lookout for a double-bottom in stocks. 5:30
– Natural Gas outlook. 7:10
– Lower prices again for oil? 8:30
– Optimism for silver. 11:45
– Difficulties with cryptocurrencies. 14:30
– Possibility of a dip in gold. 16:30
– Disconnect between paper and physical. 18:15
– Be wary of another dip in stocks.
