BITCOIN

User232002

Thrugelmir said:

Flakey holders it appears, running for the exit doors it seems. First sign of geo political tensions and the stable reserve currency Bitcoin sheds 12%.  Meanwhile gold rises over 2%. 

(1) Nobody expected anything different. We literally said about 5 pages back that Bitcoin is correlated to tech/growth right now but expect a dislocation at some point in the future.

(2) Gold has done a 95x in the last 100 years. It didnt manage that with zero volatility. 

Zola.

https://twitter.com/tedcruz/status/1497031845984227328

I don't like how Bitcoin is becoming a republican vs democrat thing, its apolitical code.
Nonetheless its pretty crazy that a future presidential candidate is openly embracing Bitcoin as part of his campaign trail... 

grumiofoundation

Zola. said:

https://twitter.com/tedcruz/status/1497031845984227328

I don't like how Bitcoin is becoming a republican vs democrat thing, its apolitical code.
Nonetheless its pretty crazy that a future presidential candidate is openly embracing Bitcoin as part of his campaign trail... 

He also refused to certify the election result and has claimed that climate change doesn’t exist.

Of course that doesn’t impact of the legitimacy or future of Bitcoin but maybe calls into question the value of his support? 

adindas

Black Swan Event Predicted by Palantir.
Most of you regular visitor on this thread still remember I mentioned on this thread about "Palantir" Predicted a black "Swan Event" this year and a lot of you are mocking this news. You see now what has happened.

Palantir is an AI data analytical software that was initially used by Governmental security and defense agency around the world,. But now extend its capability to business analytical. 

Scottex99

So you can just claim there will be a black swan at some point and then when there’s an invasion or some aliens appear or a dog starts talking, say I told you so? I’ve read Taleb’s book and I’m pretty sure Russia invading Ukraine doesn’t count as one (although may still tank the markets)

eskbanker

Scottex99 said:

So you can just claim there will be a black swan at some point and then when there’s an invasion or some aliens appear or a dog starts talking, say I told you so?

Can't even say that, after sitting on the fence when citing that last year!

https://forums.moneysavingexpert.com/discussion/comment/78557849/#Comment_78557849

adindas said:

It is called a prediction. Palantir is not a Crystal Ball. Noone will know exactly what is going to happen in the future. Also, I am not here to convince people whether "The black swan event" is going to happen it is up to individual to make their own judgement. I have not said whther I believe or not believe this incoming "Black Swan Event".

Zola.

https://www.bbc.co.uk/news/technology-60541942

The power of a global decentralised settlement layer

Hexane

Scottex99 said:

How are your stonks doing today Hexane, mate? 

Well I didn't check on the 24th, but checked yesterday and my S&S ISA is overall down less than 1% in the last five days. Although that's after being down a couple of % earlier in the month due to interest rate fears and the Ukraine tension build-up. Maybe I need to be in riskier stocks?

Not checked my pension funds because I won't need access to them for decades, so what they're doing on a particular day in February 2022 doesn't signify much.

Scottex99 said:

Go and find the post where I assured anything because it won’t exist. I said at least 10 times that we’re going to $100k, which we still are. 

Your mistake was putting a timescale on it - "a few months".

I could tell you I think the S&P 500 is going to 10,000 and I could be quite confident about that, but saying it's going to do it in a few months or even within five years, that statement is a hostage to fortune and it's also misleading to anyone naive enough to think opinions posted here are in any way reliable.

We’re all adults, wether it’s crypto or funds you know it’s a long term play

There's the issue, too many people reading these forums thinking a long term play is "more than three months" and being pushed by the FOMO into doing things they really shouldn't.

Are they all adults? Not sure - I was buying penny stocks long before I was an adult - but some of them don't act it.

Scottex99

So I was wrong about half a vague prediction when there’s hundreds of pages of chat about investing only what you can afford, explaining what BTC is used for etc etc? You’ve not even quoted the post either. If anyone is stupid enough to invest and expect guaranteed profits based on a forum then that’s on them.

I bought the dip on invasion day about 10 mins after your previous post when BTC was $34.5k, now it’s $39k, 10%+ in gains within 1 day, but I’m not inclined to post it here as I don’t really care and I’m not short term trading anyway.

Like you said, external factors are always at play, but given you just mentioned 5 years, I’ll use that.

BTC will be above $100k in the next 5 years, I am 100% certain of that. And whilst we’re all here to make money, the price of BTC isn’t actually the most interesting thing about it.

Already been mentioned 10 times, but The Bitcoin Standard covers it pretty well. Apart from the weird rant against all modern art which is a bit bizarre and ironic for me as I was in the Guggenheim yesterday 

Dorian1958

Is The Bitcoin Standard a good place to start to understand more about BTC?  I can get it on Audible.  I see investopedia has a lot of articles, would bitcoiners recommend that site?  Or are there any other online resources recommended?

I want to understand crypto but having read the first 40 pages of this thread (and the last 15). I'm sorry but I feel that its become bogged down with circular arguments which are not helpful to me.

Thank you.