BITCOIN

bugbyte_2

@ darren,

2 standard deviations is a common measure, as you know, and is actually quite a lenient threshold. You picked SD as a measure of volatility then found some charts from fan boi sites showing 2011 - 11 years ago - is slightly more volatile than 2021.  Well done, but it does not really take into account the volatility of the past month, or reflect any other measure which is normally applied to assets.

As regards my background, I am really not going to get involved in this - I am not trying to prove to anyone anything, and of course I could just lie. I have some knowledge of maths and SD is not really that complicated.

Energy - 30% came from a previous discussion pages ago and CBA to go looking, so we will take your 58.4% from the obviously independent bitcoin mining council, a voluntary forum of bitcoin mining companies based in Texas, not known for its oil production.

What about the other 41.6%?

Adyinvestment

Bitcoin Fear & Greed index at 6...the lowest it has ever been

Mostly down to the greed or mis-management of Three Arrows Capital, beggars belief that a $10 Billion dollar hedge fund has gotten themselves in a position to be liquidated!

It is not only the noob degenarates that can't control their greed!

Michael121

Michael Saylor Meme - NO SECOND BEST - YouTube

Malthusian

Adyinvestment said:

Mostly down to the greed or mis-management of Three Arrows Capital, beggars belief that a $10 Billion dollar hedge fund has gotten themselves in a position to be liquidated!

As long as you're not familiar with neither the definition nor the history of hedge funds, then yeah, staggering.

The whole point of most hedge funds is that they boost returns by investing borrowed money, which inherently means they can go bust. Going bust doesn't in itself mean TAC were greedy or mismanaged. Unless they were breaching the fund prospectus in some way (aka doing a Woodford), they were doing what they said on the tin.

$10 billion is relative peanuts - Long Term Capital Management had $230 billion (mostly borrowed money) when it imploded.

[Deleted User]

That's sums it up.

masonic

Fingers crossed those pesky particle physicists don't create a new stable chemical element with superior properties to gold.

bugbyte_2

Gold has a point to its existence.

Struggling to think of the point of Justin Beiber, temporary traffic lights, bidets, Preston, 'Contains Nuts' warnings on packets of nuts, anyone called Boris, scatter cushions on beds, pet cats, any amphibian, bob hair cuts, webbed feet, Risotto, videos of people falling over, Manchester United, Manchester, people who say 'Mmmm' when they eat something, water divining, unprovoked cackling, people who say things such as 'that's a two person lift' when it clearly is not or it is very obvious it is a two person lift, some of my wife's friends, cheese swirls, things that should be squirrels but aren't, and..... you can probably see where this post is going.

HHarry

[Deleted User] said:

That's sums it up.

No, it really doesn’t.

slopemaster

bugbyte_2 said:

Gold has a point to its existence.

Struggling to think of the point of Justin Beiber, temporary traffic lights, bidets, Preston, 'Contains Nuts' warnings on packets of nuts, anyone called Boris, scatter cushions on beds, pet cats, any amphibian, bob hair cuts, webbed feet, Risotto, videos of people falling over, Manchester United, Manchester, people who say 'Mmmm' when they eat something, water divining, unprovoked cackling, people who say things such as 'that's a two person lift' when it clearly is not or it is very obvious it is a two person lift, some of my wife's friends, cheese swirls, things that should be squirrels but aren't, and..... you can probably see where this post is going.

I was with you until.... pet cats....how dare you?!

slopemaster

One problem with crypto which few mention is the problems involved in cashing it in to something you can actually spend.

(Unless you want to buy drugs or something.)

I had a small amount in BTC back in 2013. So 2 years back i had made a large % gain but still a fairly modest amount of money, and decided to cash it in.

First thing that happened was my Bitstamp account got frozen. It took me MORE THAN  A YEAR to get it unfrozen and get my money out. (Had to threaten court action as they weren't covered by the regulator.)

Guess what happened then - - - my bank (LLoyds, now my ex-bank) decided to freeze my account because the money came from BTC*, and it took me EXACTLY A YEAR (and going to the regulator) to get that unfrozen.

All this hassle for a profit in 4 figures.

Just for that reason alone, I will never touch crypto again.

*at the time, the bank denied that was the reason and gave me the standard anti-money-laundering script. But when it was finally unfrozen, they admitted that coming from Bitcoin was the trigger.