Post #19

DXY, what to expect? A question that reached me: "I am still on the course that Fiat is no longer attractive in principle. But I'm reading more and more that a recession is coming. And in a recession, people are the first to jump into Fiat. So I'm actually in two minds right now. What do you think?" Answer: DXY = dollar-strength-index against a basket of other currencies. If people jump to fiat out of fear, it will be globally. Meaning, per se dominance of dollar is unaffected. All Fiat should go up equally. Short term I'm bullish on DXY however long term it should go down. Question: "So you're keeping some euros or dollars too? Not all in BTC/Gold/Silver?" Answer: Yes. I keep dry Powder. I expect Altcoins to hit new lows. If BTC reaches 20k again, altcoins will be lower than when BTC was at 16k! Meaning BTC.d (the dominance of Bitcoin against all other Crypto) goes UP. And as I said in #Macro I’m planning to accumulate altcoins at this point!