BITCOIN

adindas

Malthusian said:

There is a recent news where Palantir (PLTR) warns of a "black swan event". Those who do not know Palantir, Palantir is data analytics company using AI and used by many critical organisations such as US department of defence to predict the future occasions.

So what exactly is this black swan event and when will it happen?

No, wait, I forgot - if they knew what it was it wouldn't be a black swan.

Who needs to make money for old rope when people will pay you money to tell them that you think something bad will happen but you don't know when or what they should do about it?

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".

Scottex99

adindas said:

Zola. said:

Just hit $50,000 again. 

Bad luck then for Crypto haters. Cardano (ADA) is the best performing among the major Cryptos.

There is a recent news where Palantir (PLTR) warns of a "black swan event". Those who do not know Palantir, Palantir is data analytics company using AI and used by many critical organisations such as US department of defence to predict the future occasions.

Cryptos, Gold might rise even further as people are buying them to hedge against the black swan event.

Some people are complaining their low investment return, yet keep doing the same thing again and again. If you want to get a better result it is a good to be open minded, open for new ideas including (if necessary) to do thing differently.

Just to prove I can give a balanced view, I don't actually rate Cardano. Years and years of "coming soon" and still no smart contracts. Massive community though so I have a decent bag anyway.

I like the anti-inflation argument for gold, crypto, art etc but also not convinced that if black swan comes and people start losing money in every single asset class, then they are not entirely going to start plowing into very risky magical internet beans. The Covid crashed pushed BTC down to $4k and ETH to $100. Now 12x that and 33x that of course. But if you get a true "de-coupling" from TradFi then it could happen at some point too.

Lets see, some nice pumps on the way, imo

Malthusian

adindas said:

It is called a prediction Palantir is not a Crystal ball. Noone know exactly what is going to happen in the future. I do not say I believe or not believe this incoming "Black Swan Event".

To be fair you didn't. You just said that gold number go up and crypto number go up because of the possibility that something unspecified might happen at an unspecified date.

tranquility1

Malthusian said:

adindas said:

It is called a prediction Palantir is not a Crystal ball. Noone know exactly what is going to happen in the future. I do not say I believe or not believe this incoming "Black Swan Event".

To be fair you didn't. You just said that gold number go up and crypto number go up because of the possibility that something unspecified might happen at an unspecified date.

I have been very specific about the event in question on multiple occasions.

The event is the end of this financial system. And it could be as early as this autumn. But it's inevitable and it will be big.

And in answer to the other posts on asset classes going down: that won't be true of gold.

Scottex99

Eco_Miser said:

Scottex99 said:

Lol again. Yeah coz i'd waste my time and yours making stuff up for the sake of it?

There are people who do exactly that. They're called trolls. Apparently they enjoy lying as an art form. We get our share on here.

You're more persistent than most trolls, but there's no way we can tell you're not, and no way we can tell that you're the guy in the video.

Haha, you'll just have to trust me that I've not wasted 300 posts here pretending to be some random guy I found on the internet, as much as that sounds like a delightful way to spend my days

Hexane

adindas said:

Malthusian said:

There is a recent news where Palantir (PLTR) warns of a "black swan event". Those who do not know Palantir, Palantir is data analytics company using AI and used by many critical organisations such as US department of defence to predict the future occasions.

So what exactly is this black swan event and when will it happen?

No, wait, I forgot - if they knew what it was it wouldn't be a black swan.

Who needs to make money for old rope when people will pay you money to tell them that you think something bad will happen but you don't know when or what they should do about it?

Palantir is not a Crystal Ball.

that's funny, cos in the movie that's exactly what it looked like...

Section62

adindas said:

Section62

The thing that bugs me though are the folks who only speak of the upsides of crypto, and do so with pseudo-authority gleaned only from watching some YT videos..

Well, I am not quite sure whether you are aware of the state of art of You Tube nowadays. You could literally find almost every credible information, channels, News, interview, conference with well-known figures that you normally watch on Cable TV read on Newspaper but on your convenience time and / or catch-up mode. Many of the important quick news you can not even find on Cable TV.

Think about CNBC, CNN, Fox Business, FT, Bloomberg, Morningstar, TrustNet, the Motley fool etc you name it. It is there. A few people try to condense the stock market news from various reliable source into a single video so it will save your time rather then spending time watching them one by one.

It is very convenience as you could easily find / search them in a single platform .

Certainly, there are a lot of scammers outthere that will try to scam you. But it is entirely up to you how you screen it.

Happily I can alleviate your uncertainty by saying that I'm reasonably aware of the range of content available on YT now, although not an expert on the subject.

But the quality of content on YT wasn't a feature of the comment I made that you have quoted.

I was referring to people who talk up crypto based solely on what they've seen on YT. (and/or read on other SM)

There are some excellent YT channels producing (traditional) broadcast quality material. A good example is "Mentour Pilot" whose channel is about aviation issues and what is involved in flying civil airliners. He speaks with real authority because he is a pilot. And because he is a pilot his content is measured and factual because if he starts uploading/posting nonsense it would affect his employability.

But nobody in their right mind would get on an aeroplane if the people at the front said they learned to fly by watching YT videos, and don't worry because they know what they are doing. That would be "pseudo-authority". They aren't practicing experts.

However, some people are entirely willing to risk their life savings based on opinions expressed on YT (and other SM) by people with unknown credentials - whose own knowledge was gained in a like manner.  The phrase "The blind leading the blind" applies.


A final point, the presence of the names you mention (plus others) has certainly increased the credibility of YT content compared to the days where cat videos and conspiracy theories were the main output.

But that in itself is part of the problem - in that people who have difficulty in determining the credibility of information they receive can be fooled into thinking some random person speaks with authority because YT is now hosting other credible content.

Not everything you see/read on YT (and other SM) has the same level of truth and accuracy. We haven't all become experts on everything.

Hexane

adindas said:

Zola. said:

Just hit $50,000 again. 

Those who do not know Palantir, Palantir is data analytics company using AI and used by many critical organisations such as US department of defence to predict the future occasions.

You mean like birthdays and anniversaries?

You know, that breathless way of communicating reminds me very keenly of those random people I don't know who phone me up to tell me things I don't want to know. Less pronouns and conjunctions in places where they should be, and slightly more pronouns and conjunctions in places that they shouldn't be.

Scottex99

https://www.forbes.com/sites/ninabambysheva/2021/08/23/visa-enters-metaverse-with-first-nft-purchase/?sh=3cd6b8d268b3

Things about to get crazy it seems

Zola.

Scottex99 said:

https://www.forbes.com/sites/ninabambysheva/2021/08/23/visa-enters-metaverse-with-first-nft-purchase/?sh=3cd6b8d268b3

Things about to get crazy it seems

Look at this: https://decrypt.co/79125/ethereum-rock-jpeg-sells-for-600k-as-nft-frenzy-continues

!!!!!!?

Surely the only purpose for NFTs of ridiculous jpgs of a rock is purely about money laundering... what else could the appeal be? 

"how do you explain this half a million?"

"oh I sold some artwork, check this awesome rock out!"

I can get proper artists selling originals, but not all this silly stuff... dont understand the value