Sorry it's a bit off topic but I didn't know where else to post this.
My feeling is that the stock market will go down and cryptocurrencies (especially bitcoin) will go up...
But what do you guys think ?
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Will the stock market be closed on Monday? (MLK Day) If so, and this shit does go down as planned, it's POSSIBLE that Trump could close the markets (like Bush did after 9/11) to prevent a total collapse.
Didn't think of that !
Bitcoin will go up if Biden is president. Bitcoin will go up if Trump is president.
It follows Stock-to-flow, not politics. Every four years the inflation will halve, causing a parabolic rise.
In the beginning there will be a huge surge, but once Trump is done wiping the Chinese companies (especially the 3 gorges company) the BTC miners will be dead and Bitcoin will be in the dumps.
losing half the miners wont hurt the price at all
crypto up, stocks down.
Stock market HATES uncertainty. Mass arrests = alot of scared stockbrokers.
lets just say you'll have an excellent oppurtunity to start investing and building your wealth
aka investors are going to get scared shitless and a lot of shit is gonna come down in price = buying oppurtunity
Agree
depends a lot on what a replacement US Treasury Dollar is valued at. Lots of the financial system will vaporise when the Fed Res Dollar is cancelled.
The stock markets and all financial systems are at risk of complete collapse,
Part of the reset is the slate is wiped clean and the effect of that is new everything.
Bitcoins et al will be very volatile
go look at the charts of all the cryptos election cycles LOTS OF MOVEMENT...watch XRP (ripple) banks already have 5 billon owned...big lawsuits behind the scenes to gain control of ripple..WHY? been in crypto for a hot sec and figured out the patterns..that my frees is the secret to day trading it..they all moves in unison..took me 10 months to put it together..happy hunting..
MAGA4EVA
hide money into a traceable currency...
but it's visible/trackable to the entire world. Let's say Soros puts his $50B in bitcoin. now everyone can see it, including the authorities. write a simple algorithm to track that wallet and now its traceable forever. Not to mention the vulnerability of accessing it via personal computer
the money from non profits can be hidden very easily under accounting "operating expenses"
There are better cryptocurrencies for hiding money. And to answer your question, if i had to skip town and was worth that level of money I would probably ship a container full of cash to my desired location under the guise of art, plus untraceable crypto
and you could get the password if you left him in a room with the right people for 30 minutes...