/biz/ - Business & Finance

[Anonymous No.49751012]

>sells all of his crypto

[Anonymous No.49751085]

>sells all his crypto at what could easily be the bottom
>goes all in on an ETF this week that's down like 8% ALREADY
Can't make this shit up. He clearly snapped, and this is after him going on for half a year saying so smugly that the market 'isn't for everyone'. Watching him explode is going to be really funny

[Anonymous No.49751134]

>>49751085
It's over for him.

[Anonymous No.49751135]

Going all in on commodities was pretty immature. I'm beginning to lose faith bros.

[Anonymous No.49751158]

Don't doubt Greg the man

[Anonymous No.49751221]

>>49751134
Pretty sad to see a guy I've followed for so long, who seems to be a nice guy, get absolutely crushed. It wouldn't be so bad if he didn't go all in on on that etf. The embarrassment of that action will be nuclear and destroy his reputation forever

[Anonymous No.49751269]

>>49751085
I enjoyed following Greg for years, he saved my ass a few times
Ever since the FED pivot, he has clearly lost his edge, clinging to the "FED will only print money" narrative like a child to a safety blanket. Market participants generally agree with that sentiment in the longer term (i.e. pricing in of cuts in 2023-2024), but that doesn't mean the FED can't run over all of them just for the hell of it. What's that old saying again, don't fight the FED?
Greg chose to fight the FED..

[Anonymous No.49751339]

>>49751135
What the fuck did he mean by repeating for years that crypto will pump during a debt market crash, only to sell all of it at the slightest hint of a debt market crash?

[Anonymous No.49751377]

>>49751339
It means he's clearly lost trust in himself therefore he absolutely should not trust him

[Anonymous No.49751465]

>>49751377
I have no idea how hell be able to save face after this,especially if we get a rally in the coming weeks. Even if we don't get a rally, how does he live up to just randomly dropping one of his strongest convictions? Just a few days ago he was repeating his mantra of crypto will inverse a debt crash. The retard lost his mind

[Anonymous No.49751554]

>>49751465
he's never been in an inflationary trading environment like this, most traders haven't
what worked over the last 40 years isn't going to work anymore

[Anonymous No.49751607]

>>49751012
I ocassionally watch this guy
He is pure kino, always sells the bottom kek

[Anonymous No.49751609]

>>49751465
Even if his picks miraculously pumped out of nowhere he's already dropped the poker face and said he fucked up. It's a massive loss of face, no doubt.

>>49751554
It's not that simple. He just completely turned face on one of his closely held convictions out of nowhere.

[Anonymous No.49751646]

I don’t question his acumen

[Anonymous No.49751692]

>>49751554
Being out of your element is one thing. Selling everything six months into a bear market and going all in on a sector that looks like it just went parabolic and blew off is a whole different story

[Anonymous No.49751742]

>>49751609
To be honest, I just feel like Mannarino simply doesn't know shit about crypto. As soon as he recommended DASH I knew he was a true boomer that just wanted to seem in touch with the latest cool thing but was just winging it really.

Still he's been mostly right in general and I did well from his boomer bluechips and DVN. Pity about the banks, but I'm sure he's right that JPM and GS will always bet bailed out in the end.

[Anonymous No.49751780]

>>49751742
Are you going to pretend he didn't call the end of the world two days ago?

[Anonymous No.49752033]

>>49751742
>a sector that looks like it just went parabolic and blew off
I think that's a distinct possibility, perhaps this is just another volatile bump for a few more months of blowoff, but at some point demand destruction is going to kick in. The supply issues (structural deglobalization) won't go away, but the demand sure as hell will.

Him being out of his element is just the first domino in a sequence of mistakes. He walked into this environment with the same playbook as 2020-2021. A mixture of complacency and overconfidence. He is finally coming around to realize that he fucked up, which is good (any good trader must realize losses) - but his response is to go big on chasing the momentum of a commodity pump which is historically followed by a massive dump. His position has changed but his conviction remains far too high. He is still overconfident in the underlying narrative of "money printer go brrrr". Perhaps he is even right, but the chance of being so, so wrong in the interim is likely enough to make him go picrel

[Anonymous No.49752056]

NOOOO NOT THE MANNARINO

[Anonymous No.49752059]

>>49751742
wrong post pls no bully
>>49751692

[Anonymous No.49752204]

>>49752033
I just hope he doesn't an hero

[Anonymous No.49752241]

imagine taking financial advice from an idiot like mannarino

[Anonymous No.49752386]

>>49752204
he got wiped in 2008 as well... he ain't going nowhere

[Anonymous No.49752403]

>>49751012
LMAO why did he do it?

[Anonymous No.49752992]

>>49751269
these schizos are one trick ponies. plenty of contrarians out there make money and give smart analysis, but these embarrassing pundits who think the fed is a cartoon villain are clueless

[Anonymous No.49753257]

Mannarinosissies...

[Anonymous No.49753297]

>>49752992
>the fed isn't ill-intentioned, they truly believe their retarded theories

[Anonymous No.49753306]

>>49751085
>>49751221
Which ETF

[Anonymous No.49753331]

>>49753306
PDBC, actively managed commodity basket ETF

[Anonymous No.49753406]

>>49753331
Eh, not even 5% down for him, it's not over yet

[Anonymous No.49753456]

>>49752033
He was absolutely right about looking at the debt market and he did react when it jerked up above 3% just like he planned to. Not sure where the narrative about him being impulsive now is coming from. He's following his plan, whether it's a good plan, we'll see

[Anonymous No.49753563]

>>49751012
>>49751085
>>49751134
>>49751135
>>49751269

It's often said that "its not the bottom until the last bull turns bear." Greg is a self defined permabull.

This is bullish. This is the bottom.

[Anonymous No.49753618]

>>49751085
He makes predictions then enters trades that would get wrecked if his predictions ever come true. He's either a retard or is intentionally killing his audience.

[Anonymous No.49753639]

>>49753456
>He was absolutely right about looking at the debt market and he did react when it jerked up above 3% just like he planned to
I agree, but the RoC on the move from november post FED pivot was enough for me to justify going cash. Why draw an arbitrary line in the sand @ 3%? We were seeing some of the biggest moves in bond market history even in jan/feb, that alone was a massive warning

[Anonymous No.49753676]

>>49753639
He probably believes in his MMRI indicator above all else.

[Anonymous No.49753686]

>>49751134
All in oil literally yesterday. Damn.

[Anonymous No.49753970]

>>49752033
Money printer must continue to go brrrr unless the Jews at the Central banks want to cause a mass goyim liquidation event like they did in '08 while cooking national and corporate books to keep their system on the road.

[Anonymous No.49754091]

>>49753970
>to keep their system on the road
maybe they want a new one, which involves destroying the old?

[Anonymous No.49754794]

>>49751339
>>49751377
might just mean he sees the crypto market collapsing before the debt market. I'm inclined to agree though it could be near-simultaneous

[Anonymous No.49755238]

>>49752992
>but these embarrassing pundits who think the fed is a cartoon villain are clueless
They literally are a fucking cartoon villain, in the past two years the fed has broken both the CARES act and Dodd Frank to keep the super rich’s market pumped. And illegally insider traded to boot. They are in fact a comic villain hashing devious plans.

[Anonymous No.49755705]

>>49751012
He probably caught wind of the fact that tether is the sole reason crypto is propped up in the first place.
>Fake trading volume from tether
>Delusional chasing of multiple projects that only pump and dump
>Nobody is really in it except to get rich
>Outrageous fees yet it's supposed to be used as a currency.
Love some crypto projects but even pokemon don't have this many identical clones of the same fucking thing.

[Anonymous No.49755797]

>>49751012
Biggest bottom signal you could wish for atm

[Anonymous No.49755922]

>>49751012
>buys commodities when they're sky high
>sells crypto after its lost 80%
He's coming unraveled.

[Anonymous No.49756087]

>>49755705
USDC is still growing and is almost as big as tether.

[Anonymous No.49756129]

>>49753456
hey greg

[Anonymous No.49756999]

>>49751012

Greg got flustered. The market doesn't fuck around. Always be diversified such that no single bucket can fuck you up.

PP gang.

[Anonymous No.49757025]

>>49753676
But he even said that MMMRI is a better one and that was flashing red for a long time now

[Anonymous No.49757199]

>>49753970
>want to cause a mass goyim liquidation event like they did in '08
That's exactly what they want. All the big boys are either sitting on mountains of cash and/or are net short. Even boomerino Buffett has been wary of stocks for the past year and the only play he was comfortable making was oil stocks, which paid off

[Anonymous No.49759223]

Racist panic selling pussy

[Anonymous No.49759571]

crypto nerds will seethe

[Anonymous No.49759710]

>>49751158
The mamagramarino man

[Anonymous No.49759933]

crypto nerds will seethe