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BITCOIN

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  • Zola.
    Zola. Posts: 2,204 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    edited 16 February 2022 at 9:27PM
    They're definitely down with the kids with that one!! 
    Yeah I would love to see some of the top mining companies like Marathon mixed in to an active fund, along with companies with Bitcoin exposure like Tesla and Micro strategy etc. There are more and more companies starting to get involved with mining also. ConocoPhillips being a recent one
  • adindas
    adindas Posts: 6,856 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    edited 17 February 2022 at 3:30PM

    Charlie Munger Says He Is 'Proud of Having Not Investing In Cryptocurrency, Says It Should Be Banned And Likens It To A 'Venereal Disease' and see the response from Elon Musk.
    A sensible people will know that you should not expect a grandpa of 90yo+ to be able to see or has interest to learn so will appreciate of what  the technology such as block chain, EV & autonomous driving, eVTOL (Electric vertical take-off and landing aircraft ) could do to increase efficiency and productivity in the future.
    He is not only wrong about Bitcoin but also Tesla. So if you should not just blindly listen to these sort of people just because their success in the past. Doing this you would have missed a lot of opportunities in the market.
  • Aegis
    Aegis Posts: 5,695 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    adindas said:

    Charlie Munger Says He Is 'Proud' Of Having Not Investing In Cryptocurrency, Says It Should Be Banned And Likens It To A 'Venereal Disease' and see the response from Elon Musk.
    A sensible people will know that you should not expect a grandpa of 90yo+ to be able to see or has interest to learn so will appreciate of what  the technology such as block chain, EV & autonomous driving, eVTOL (Electric vertical take-off and landing aircraft ) could do to increase efficiency and productivity in the future.
    He is not only wrong about Bitcoin but also Tesla. So if you should not just blindly listen to these sort of people just because their success in the past. Doing this you would have missed a lot of opportunities in the market.



    How very ageist of you...
    I am a Chartered Financial Planner
    Anything I say on the forum is for discussion purposes only and should not be construed as personal financial advice. It is vitally important to do your own research before acting on information gathered from any users on this forum.
  • Zola.
    Zola. Posts: 2,204 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    Truth hurts though, as Elon has clearly demonstrated.

    Munger is simply out of touch and also has a natural bias by holding so many bank stocks. 
  • Hexane
    Hexane Posts: 522 Forumite
    Sixth Anniversary 500 Posts Name Dropper
    adindas said:

    A sensible people will know that you should not expect a grandpa of 90yo+ to be able to see or has interest to learn so will appreciate of what  the technology such as block chain, EV & autonomous driving, eVTOL (Electric vertical take-off and landing aircraft ) could do to increase efficiency and productivity in the future.
    Surely if he can't see then autonomous driving could be a very empowering technology for him?
    adindas said:


    So if you should not just blindly listen to these sort of people just because their success in the past. Doing this you would have missed a lot of opportunities in the market.
    you seem to be dwelling on the question of vision a little much :)
    7.25 kWp PV system (4.1kW WSW & 3.15kW ENE), Solis inverter, myenergi eddi & harvi for energy diversion to immersion heater. myenergi hub for Virtual Power Plant demand-side response trial.
  • Hexane
    Hexane Posts: 522 Forumite
    Sixth Anniversary 500 Posts Name Dropper
    Zola. said:

    Munger is simply out of touch and also has a natural bias by holding so many bank stocks. 
    Maybe so, but the same could then be said of people who are holding (or however they spell it these days) a lot of Bitcoin
    7.25 kWp PV system (4.1kW WSW & 3.15kW ENE), Solis inverter, myenergi eddi & harvi for energy diversion to immersion heater. myenergi hub for Virtual Power Plant demand-side response trial.
  • Zola.
    Zola. Posts: 2,204 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    That is true
  • adindas
    adindas Posts: 6,856 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Hexane said:
    adindas said:

    A sensible people will know that you should not expect a grandpa of 90yo+ to be able to see or has interest to learn so will appreciate of what  the technology such as block chain, EV & autonomous driving, eVTOL (Electric vertical take-off and landing aircraft ) could do to increase efficiency and productivity in the future.
    Surely if he can't see then autonomous driving could be a very empowering technology for him?
    adindas said:


    So if you should not just blindly listen to these sort of people just because their success in the past. Doing this you would have missed a lot of opportunities in the market.
    you seem to be dwelling on the question of vision a little much :)

    Autonomous Driving is not vision, tt is real as it is already used. Similarly to eVtol, flying cars they are already a few demonstration about this. The only problem now, these sort of companies are not making profit as it is still in their infancy, they have not been able to maximise the economics of scale.
  • Non-Bitcoiners: The role of Bitcoin in self-sovereignty and granting the freedom to transact financially is only valid in non first world countries like Venezuela, Turkey, Nigeria etc..

    Canada: "Hold my beer"
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