BITCOIN

adindas

Zola. said:

https://www.bitchute.com/video/rUiqtHqvlwiF/

If this interview doesn't make you curious/bullish on Bitcoin as a hedge, nothing will. 

What you need to keep in mind is that, the debate about whether the earth is flat or round has been around since a few hundred years ago and there are still people who believe that the earth is flat.

In my previous post I have presented the statistical data about the distribution of BTC and other major cryptos, where no one own more than 5% of BTC. There are still some people on this thread, the most vocal one keep arguing that someone who enginneer the scheme will finally pull the rug under making the scheme to collapse.

There are still people who believe that Major Crypto such as BTC, ETH is “The greater fool Theory”

There are still people who believe that those multi billionaires who invest in bitcoin, those who understand from both sides the technological side and the investing side have fallen into the greater fool theory as they still buy BTC, ETH even when the price is already US$40k+, some are even buy it recently  when the price already $50k+. I have named some of them in my previous posts. Keep in mind these people are multi billionaires who have track record making multi billions usd. They are not the original creator of this major cryptos.

This is another Example

https://www.forbes.com/sites/jonathanponciano/2021/11/29/microstrategy-bitcoins-biggest-corporate-investor-buys-another-414-million-as-omicron-variant-puts-crypto-prices-under-serious-pressure/?sh=4eb182b72103

In the past I have proposed the following test

If you are offered a voucher of full English breakfast value of £25 or one bitcoin (£0 based on some people on this thread), which one you choose???

Surprisingly those who said BTC has very less or no value have chosen BTC over full English breakfast. The Others who have responded have also chosen BTC. It makes me chuckles, rofl ....

Now let make the option to be more attractive, using 100x multiples.

If you are offered a voucher of holiday in Caribbean or In Bali with full English breakfast value of £2,500 or one bitcoin which one you choose???

I posted Matt Damon video “Fortune Favour the brave” I got attacked by typical vocal BTC haters who might think they have missed the boat.

Keep in mind in investing, the risk will always get involved as you might lose your original money you put in investment. If you do not want to take a risk then bond/saving is probably the best for you as long as you are happy to get <1% pa while other people make them in avarage of just a few days. You take that decision when choosing between Bond/Saving vs investing. But taking the risk is not necessarily a gamble if you do your own DDs and conclude that the Reward is overwhelmingly in favour of the risk.

Scottex99

Zola. said:

https://www.bitchute.com/video/rUiqtHqvlwiF/

If this interview doesn't make you curious/bullish on Bitcoin as a hedge, nothing will. 

The figures in the middle are insane.

Saylor the new crypto king after Musk started being a freak

HHarry

adindas said:

in the past I have proposed the following test

If you are offered a voucher of full English breakfast value of £25 or one bitcoin (£0 based on some people on this thread), which one you choose???

Surprisingly those who said BTC has very less or no value have chosen full English breakfast value of £25 over BTC. Other who response also have chosen BTC. rofl

Now let make the option more attractive, using 100x multiples.

If you are offered a voucher of holiday in Caribbean or In Bali with full English breakfast value of £2,500 or one bitcoin which one you choose??? 

But it’s still a terrible test - everyone is going to take the Bitcoin because they can sell it immediately for £40k.

The value element comes with a time frame.  Where is the value that means that Bitcoin is still going to be worth £40k+ in 1/5/10 years time?  That’s what some, me included, struggle to see.  It might be the underlying usefullness of the Blockchain technolgy but, as I asked in a previous post, is that technology reliant on Bitcoins?

Scottex99

The technology, whether that's POW/POS or just the general Blockchain technology doesn't necessarily need or have to be tied to BTC.

But the BTC scarcity is already built in through the halvenings, the mining, etc. That's what the pro camp see as giving it the value long term. And actually not just retaining value but increasing and probably in a compound manner.  

It's hard money and inflation proof, as it gets more scarce (or harder to obtain)...number go up

adindas

HHarry said:

But it’s still a terrible test - everyone is going to take the Bitcoin because they can sell it immediately for £40k.

The value element comes with a time frame.  Where is the value that means that Bitcoin is still going to be worth £40k+ in 1/5/10 years time?  That’s what some, me included, struggle to see. 

Well, the debate of the future value of an asset is subject to another debate as noone has a crystal ball. The blue-chip value stock with an excellent P/E ratio could turn to be a disaster in a short term or even a long term. Just look at Alibaba (BABA). In term of fundamental analysis who could fault BABA. But who could predict what C.C.P would be doing, who could know what they might do in the future even it will mean, it will destroy their own economy, company, making a lot of chinese people losing their job, poorer for the sake of ideology.

But the fact you said that you could easily sell it at $40k at least you acknowledge that many people believe that BTC has value of at least $40k+. Also just keep in mind the value of volatile assest could change in less than a second, so not immediate like you might think. So you still need to weight the risk vs reward between the two options  a voucher of holiday in Caribbean or In Bali with full English breakfast value of £2,500 or one bitcoin.

There is always be a risk in investing as you might lose your original money you put in investment. If you do not want to take a risk then bond/saving is probably the best for you as long as you are happy to get <1% pa while other people make them in avarage of just a few days. You take that decision when choosing between Bond, Saving vs investing. But taking the risk is not necessarily a gamble if you do your own DDs and conclude that the Reward is overwhelmingly in favour of the risk.

When TESLA was $1,000 before the stock split (e.g. $200 equivalent now) about a year ago, many people including few analysts, including some people here on MSE who talk a lot about investing said they were a very bad investment, they were extremely overvalued. See where TSLA is now. It multiplies your money 5x+. The valuation of an asset will always depend on people beliefs, DDs, knowledge and what they have concluded. Learn from everyone but trust noone but yourself when investing your own money.

HHarry said:

It might be the underlying usefullness of the Blockchain technolgy but, as I asked in a previous post, is that technology reliant on Bitcoins?

Noone duty here to convince you. I and other people have posted a lot of educational videos links regarding blockchain, BTC from a short version to a full lecture series. Find it, learn it and draw your own conclusion.

Zola. said:

@Malthusian definitely appears to have/had some bitcoin or at least interest in it (I noticed he/she didn't answer this before when I asked directly), seems to have at least partially gone down the rabbit hole, but has maybe sold or held on and is frustrated.

Some people here on MSE talk a lot about investing, but there is no evidence they beat market. I know the feeling of missing the boat. rofl.

If you just want the market return all you need to do is to throw your money regularly into S&P 500 and forget. Just revisit them when you get retired. No need to learn a new thing, no need to listen bla bla of people lecturing you about investing.

The fourth industrial revolution featured in high growth stocks make it possible for people with average capability, who believe “fortune favours the brave” want to learn a new thing to beat the market. There are reasonable number of retail investors make a return of 30%+ pa nowadays. But this is not to suggest that everyone could do it. But you will never know what you are capable of when you have not tried it.

The proliferation of near zero platform such as eToro, Trading 212, Robinhood, Freetrade, WeBull, Stake, MooMoo make it easier for this to be realised. Believe what you want. It is no one duty here to convince other people. But do not call people a liar just because you do not put any effort to find that evidence. In the past I will need to search evidence although it took me sometime to find it but it is much better than you are called a liar.

adindas

Cryptos Crashing / Market Correcting - The Contrarian will do the opposite. Buy during the dip during market correction / crash not selling, sell it when they are overbought.

Well known Quote coming from Contrarian Strategists:
Baron Rothschild : "Buy when there's blood in the streets, even if the blood is your own."

John D. Rockefeller: “The way to make money is to buy when blood is running in the streets”

Warren Buffett :
"Be fearful when others are greedy, and greedy when others are fearful."
"You pay a very high price in the stock market for a cheery consensus." In other words, if everyone agrees with your investment decision, then it's probably not a good one.

Peter Lynch : "Oh, I love volatility"
“Everyone has the brainpower to make money in stocks. Not everyone has the stomach. If you are susceptible to selling everything in a panic, you ought to avoid stocks and mutual funds altogether.”

mooneysaver

Nobody ever truly made it following someone else.

Making large amounts of money is insanely hard. The people who did well on Bitcoin fell into 3 camps

1. Forgot they had it in their wallet
2. Already had large amounts of money so could afford to watch it bounce around
3. Were true believers

The 3rd category is very small and will test even the most hardened investors. I see Safemoon as hugely risky. Some of the stuff that has gone on is mind-blowing and the fact it is still here and has a strong community is its greatest strength

I have no idea how this will end. But I am certain I am not in both the top two categories here. If you want to make it, you have to take a risk. Joining the masses on Eth, BTC is not going to get you there. They have had their day and the believers are now buying their houses and building their funds

There are plenty of other projects and long shots out there but mine is Safemoon. I will wear it like a badge and see this through to the end

Scottex99

Haha wear it like a badge and see it through to 0 more like.

Of the thousands and thousands of tokens and projects out there, how did you end up at Safemoon?!

Ps joining the “masses” buying BTC and ETH is gonna get you further than most traditional investing, imo

Hexane

Scottex99 said:

thegentleway said:

So based on your “fundamentals” what’s the current price/value of Bitcoin? 

It's 40,909 right this second.

It's going over 100k, ETH is going over 10k too btw

All just a question of time. New ATH incoming!

Aegis

Hexane said:

Scottex99 said:

thegentleway said:

So based on your “fundamentals” what’s the current price/value of Bitcoin? 

It's 40,909 right this second.

It's going over 100k, ETH is going over 10k too btw

All just a question of time. New ATH incoming!

Same with everything, right up to the point where it isn't.  Long-standing adage for chartists is "the trend is your friend (until it ends)".  Care needed!