Irrespective of whether influencers are right or wrong, they try to propagate what they believe is true. They mean it well; however, it is important to realize that the market is not under the control of one entity.
Barry Silbert shared: I’m bearish on stocks, fixed income, and real estate. I’m bullish on bitcoin, privacy tokens, and a small number of other cryptos. Stay out of debt, stay liquid.
Community Response: Surprisingly I am also bullish on my bags and bearish on everyone else’s bags.
Bag holders that wish everyone else goes down while they go up are the worst. Being bearish doesn’t mean you *wish* it goes down, it means you *evaluate and predict* it will go down. But makes sense that Aug 2021 crypto Twitter accounts have faith-based investing styles.
Bitcoin maxis love Bitcoin like people who are all in on Apple or Tesla love that asset Weird They say it’s different than what I’m describing but it’s not.
Bullish on Cope and Copium; Bearish on Reason and Reflection. Tell me you’re bullish on LTC and MWEB without saying it. Litecoin.
Me too. Current portfolio: No stonks. Only enough cash for living expenses for the near-mid future. Only own real estate that I need/amusing (so that I can stay low debt + low cash reserves to be MORE risk tolerant while investing in crypto.
Why would you be bearish on tech stocks when it’s the same forward-looking growth mindset as crypto? Why bearish on real estate if you’re bullish on Bitcoin when both are amazing stores of value? Not sure I’m following why the incongruence here.
You may be wrong this time, if stocks go down GBTC will tank and will drag BTC with it. I’m bearish on stocks, fixed income, and real estate I’m bullish on Bitcoin & Litecoin. Stay out of debt, stay liquid.
MY AAPL, TSLA, AND AMAZON are still at an all-time high. My real estate income is paying off my bills. And bitcoin keeps dipping. You should look into Chainlink Barry. You know crypto well, so you’ll know what a great protocol looks like.
Why bearish on real estate? I assume that a mortgage at a fixed low-interest rate would be a good thing with the coming inflation.
Do you sell any products related to bitcoin? There was a time when crypto lived entirely in its world and was uncorrelated to macro assets. But those days are gone. Bitcoin not loving a hawkish Fed today, for example. And it makes sense. Institutional involvement up, correlation to broader markets up.
How you can be bullish in crypto and bearish stock? If old geezers will go down, we are going with them to goblin town. Stonk down, risk assets go down even more. You’re bullish on the crypto asset most correlated with legacy downside and the crypto asset despised by govt and law enforcement. I better hope those small number of others are x100 moon shots Bro.
I think real estate keeps driving up. Honestly, I think real estate goes to DAOs. People pool money to have access to homes all over the world like Nomads. Kids today have no interest in settling down. The internet is family for them. Stocks merge into crypto markets – $10M in 48 hours. I mean they can’t even buy a driving range with that but still impressive. That’s just the beginning of the next boom in internet money.
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