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/biz/ - Business & Finance

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51451415 No.51451415 [Reply] [Original]

Spoke to a friend of mine recently who has been in finance his whole life (young 40's) and currently runs his own firm.

His take was we're in for a lot more pain across all markets, but especially tech, and that as a high risk extension of tech, crypto is still in for maximum pain. He told me to liquidate all of my crypto and move it into blue chip stocks right now.

I don't think I'm going to listen, but he's a smart guy and very in touch with macro economics, so I'm probably retarded to not.

Anyway, just sharing my alpha with my real frens.

>> No.51451488

what was his take in 2018/2019/2020?

>> No.51451506
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51451506

>>51451488
>What is crypto?

>> No.51451525

>guy not involved in crypto gives his opinion on crypto
many such cases

>> No.51451535
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51451535

>>51451415
Your friend is right. Bearish signals on the monthly and weekly timeframes. It’s ogre. Even Bloomberg said it’s a reset. Fuck.

>> No.51453440

>>51451415
Your friend is a dumb