THE INFLATION MEGATREND
Fiat currencies eventually degrade to dust as those without assets get taxed into oblivion via inflation
We all know that central banks keep printing money until fiat currencies degrade to dust as those without assets get taxed into oblivion via inflation. At least that is what Ray Dalio has shown over the centuries. Once upon a time, it was the British pound or the Dutch guilder that ruled the world. Today, it is the almighty dollar. But all such sovereign currencies have a limited half-life, typically lasting 75 to 125 years. The dollar's reign began after WW 2 which means it has been the world's leading currency for 80 years.
That said, I came up with an ingenious trading strategy in 2024 that takes one-tenth of my time yet scores even more profits. I have been using this strategy to trade bitcoin, ethereum, and altcoins which increases reward while reducing risk, the holy grail of trading.
With the launch of my latest book Truth to Power: The Insane Asylum which has less to do with trading, I need to focus on other matters which I believe are key to making a huge difference, so this trading strategy frees some of my time so I can put additional focus on non-trading related matters.
But some background on this strategy first. The legendary trader Jesse Livermore over a century ago used to say a trader's greed and fear are their worst enemies. I would extend that to say that controlling greed and fear when it comes to investing, relationships, or just about anything in life is key. When you can control your greed and fear, you develop a deeper awareness that brings success. Patience is also key. For example, as the crypto markets climb in price, do not become top heavy especially if you're using leverage. There's a saying that the three cardinal sins are ladies, liquor, and leverage.
As I show in the video, I have been able to time the major tops and bottoms in bitcoin to within a few weeks since 2013 when I bought my first bitcoin when it was in the teens.
Tremendous trading!
Dr. Chris Kacher