Be ahead of the curve

[ProRealDoc]

Insurer MassMutual scoops up $100 million worth of Bitcoin, and billionaire Mike Novogratz noted it as the most important news in crypto this year

Mykola Tys/SOPA Images/LightRocket via Getty Images Insurer MassMutual is the latest financial institution to invest in Bitcoin, buying $100 m...

markets.businessinsider.com

 

[FFP]

Insurer MassMutual scoops up $100 million worth of Bitcoin, and billionaire Mike Novogratz noted it as the most important news in crypto this year

Mykola Tys/SOPA Images/LightRocket via Getty Images Insurer MassMutual is the latest financial institution to invest in Bitcoin, buying $100 m...

markets.businessinsider.com

FOMO and speculation.

This is what happens when management does not have serious skin in the game.

 

[chessknt]

FOMO and speculation.

This is what happens when management does not have serious skin in the game.

Exactly I hate it when people confuse speculation with investment.

 

[Direct Laryngoscopy]

Thought I’d bump to let you guys know we’re still so early. Stake your digital claim in the new digitized society before the powers that be do.

 

[BLADEMDA]

Thought I’d bump to let you guys know we’re still so early. Stake your digital claim in the new digitized society before the powers that be do.

I own some bitcoin. I'm way up. Still, I have no idea if the coins are worth anything at all. I guess since others say the coins have monetary value then I guess they do. I seriously doubt I would be a buyer at $30,000 per coin when this is so volatile. Why not wait and see if it pulls back to $20,000 where it was just a few weeks ago?

• The investment represents 0.04% of MassMutual's $235 billion general investment account.

For individual investors speculative bets like bitcoin should be limited to 1-2% MAX of a portfolio.

 

[banister]

I own some bitcoin. I'm way up. Still, I have no idea if the coins are worth anything at all. I guess since others say the coins have monetary value then I guess they do. I seriously doubt I would be a buyer at $30,000 per coin when this is so volatile. Why not wait and see if it pulls back to $20,000 where it was just a few weeks ago?

• The investment represents 0.04% of MassMutual's $235 billion general investment account.

For individual investors speculative bets like bitcoin should be limited to 1-2% MAX of a portfolio.

If you're able to sell it for cash, isn't it worth something? Crypto is a crazy place right now with swings of 10-40% in a day. Don't invest in it if you are faint of heart and aren't willing to lose it all. I have a long term bullish view on it and put in 5% of my NW a year ago. Now it's about 25% of NW and I don't plan on selling.

 

[BLADEMDA]

Today, crypto bulls hail bitcoin as an inflation hedge similar to gold in the face of unprecedented government stimulus aimed at tackling the coronavirus pandemic. A number of institutional investors have shown increased interest in bitcoin, allocating a portion of their assets to invest in the digital currency.

“There’s no denying that bitcoin has proven itself as an established and top-performing asset,” said Eric Demuth, CEO of digital asset broker Bitpanda. “Bitcoin’s value grew over 300% last year as more institutional investors took that leap to embrace digital currencies.”




“We’re seeing it emerge as a part of the recommended allocation strategy for institutional investors and investment banks.”

Well-known investors like Paul Tudor Jones and Stanley Druckenmiller came out as believers in bitcoin last year, while large financial companies like PayPal and Fidelity have also made moves in the space. Meanwhile, the likes of Square and MicroStrategy have used their own balance sheets to buy bitcoin.

Bitcoin falls as record-breaking rally loses steam

The price of bitcoin rallied to a fresh all-time high over the weekend, briefly topping the $34,000 mark.

www.cnbc.com

 

[Direct Laryngoscopy]

https://www.microstrategy.com/en/bitcoin/documents/stone-ridge-2020-shareholder-letter

Microstrategy’s letter to shareholders.

 

[Shimmy8]

Anyone have GBTC or Microstrategy as a (small) part of their overall portfolio? Pros/Cons vs just buying BTC through coinbase?

 

[Direct Laryngoscopy]

Anyone have GBTC or Microstrategy as a (small) part of their overall portfolio? Pros/Cons vs just buying BTC through coinbase?

$MSTR is an indirect ETF if you don't want direct $BTC exposure. Since their announcement of making Bitcoin their primary reserve asset, they've down a 3.5X ($120 to $520). Self custodying BTC takes a learning curve and isn't recommended until you understand how to and the risks. I personally don't leave any crypto (I only hold 2 coins) on exchanges, but I've been in the space for years.

I think we will see a formal BTC ETF this year. The commercial banks and institutions don't want retail (us!!) to continue to front run them. Plus I think the banks realize with a Central Bank digital currency probably on the horizon, they realize they could be marginalized and become obsolete (Thats why Office of the currency controller OCC allowed banks to use public blockchains for final settlement HUGE). GBTC is a great option for indirect BTC exposure, but realize you're paying a premium for not owning BTC yourself.

Good luck to you.

 

[parcus]

Grayscale trust is at the top of my list of overvalued assets that I will be shorting when the uptrend on the market reverses. I am a millennial who likes technology and I really don't buy the " people who don't own bitcoin just don't understand" argument. To me it's another one of hundreds of digital crap being unloaded onto people by promises of unreasonable returns.

 

[chessknt]

Grayscale trust is at the top of my list of overvalued assets that I will be shorting when the uptrend on the market reverses. I am a millennial who likes technology and I really don't buy the " people who don't own bitcoin just don't understand" argument. To me it's another one of hundreds of digital crap being unloaded onto people by promises of unreasonable returns.

I see it as a place for people to put their dollars since bonds suck right now. I can't imagine the feds letting this happen for much longer they don't want to see those dollars siphoned off to criminals in exchange for digital gold that is untrackable.

 

[Direct Laryngoscopy]

I see it as a place for people to put their dollars since bonds suck right now. I can't imagine the feds letting this happen for much longer they don't want to see those dollars siphoned off to criminals in exchange for digital gold that is untrackable.

Wait till we get Q4 earnings reports from publicly traded companies. There’s a reason it went from 20-40K from thanksgiving to now. The Fed has lost control. This is the USD collapsing and institutions and big corps realize this. Crypto is here to stay. Pretty confident Bitcoin will hit 100K (probably significantly higher) this year. Protect your future time and purchasing power.

 

[BLADEMDA]

Now that the Dems control all of the U.S. government the U.S. Dollar is likely to devalue in 2021 and 2022. A nation can't double its national debt over 24-36 months without consequences particularly, a debt as large as ours. The smart money is recognizing this trend and while the dollar can still buy hard assets they are buying them. Bitcoin is viewed as a hard asset along with Gold and other precious metals. Also, would you rather own a bond paying 1% denominated in a currency likely to be worth less and less each year vs bitcoin/gold.

I take no pleasure in posting that our currency is going to be worth a lot less in terms of real purchasing power in the next few years. But, again the smart money is seeing this same outcome and is beginning to buy those things which will retain their value. I can no longer advocate for a significant position in U.S. bonds if one wants to keep up with purchasing power.

 

[GassYous]

You mean now that the Republicans have controlled the US government for the last 4 years and doubled the national debt by cutting taxes and spending like drunken sailors during a booming economy.

 

[MirrorTodd]

You mean now that the Republicans have controlled the US government for the last 4 years and doubled the national debt by cutting taxes and spending like drunken sailors during a booming economy.

lol seriously. Like I'm absolutely NOT surprised that all of sudden it's the democrats that are causing the debt. I most definitely DID NOT see memes about this AS SOON as the election was over.

 

[BLADEMDA]

lol seriously. Like I'm absolutely NOT surprised that all of sudden it's the democrats that are causing the debt. I most definitely DID NOT see memes about this AS SOON as the election was over.

Democrats are going to make the Republicans look like Mr. Scrooge. While Republicans spent a lot of money the Dems will spend 2-3 X as much. That nail in the coffin is going to become about a dozen by the time the Dems run up the debt by 20-30 trillion MORE over the next few years

The stock market isn't partisan. The traders recognize what is coming and that is likely a tsunami of spending never before seen in the history of the world.

Biden to unveil trillions in pandemic economic relief spending next week

U.S. President-elect Joe Biden said Americans need more economic relief from the coronavirus pandemic now and that he will deliver a plan costing "trillions" of dollars next week.

www.reuters.com

Markets have reacted quickly to expectations that government spending will rise since Democrats won the Georgia elections, with stock indexes rising and the interest investors demand on 10-year U.S. Treasury bonds climbing to their highest levels since March.

 

[BLADEMDA]

You mean now that the Republicans have controlled the US government for the last 4 years and doubled the national debt by cutting taxes and spending like drunken sailors during a booming economy.

COMMENTARY

Joe Biden Has an $11 Trillion Spending Plan. Can He Enact It?​

Joe Biden Has an $11 Trillion Spending Plan. Can He Enact It? | Manhattan Institute

His proposals come at a time that America can least afford them. Despite an unprecedented $24 trillion in budget deficits projected over the next decade, Joe Biden is promising the largest spending spree since Lyndon Johnson. And despite the deepest recession in 80 years, Biden is demanding the...

www.manhattan-institute.org

pouring $11 trillion of additional gasoline on that fire (even if offset by $3.6 trillion in taxes) is breathtakingly irresponsible.

 

[BLADEMDA]

So, my socialist amigos, what do you want to own or invest in going forward knowing the debt will likely increase by trillions over the next 2 years?
Do you want to own the U.S. Dollar paying a 1% interest rate? Do you want to own stocks? Real estate? Gold? Bitcoin? Which asset class looks least desirable knowing the socialists are going to try and spend 8-9 trillion more we don't have?

 

[Direct Laryngoscopy]

Blade understands what I’ve been screaming for a long time that was accelerated in 2020 will be on hyperdrive with the incoming administration. There will be NO resistance to what’s coming. If I sound concerned I am.

 

[dr doze]

Blade understands what I’ve been screaming for a long time that was accelerated in 2020 will be on hyperdrive with the incoming administration. There will be NO resistance to what’s coming. If I sound concerned I am.

Everybody knows this. This is built into current prices. That said, for the first time in my life I am seriously thinking about adding some precious metals equity. Also hold 50% of my stocks as non-US.

 

[Direct Laryngoscopy]

Everyone here does not know this.....

 

[dr doze]

Everyone here does not know this.....

So... how are you preparing? what does your portfolio look like? % stocks/ bonds? Domestic/international? Gold? Bitcoin? Other alternatives?

 

[coffeebythelake]

Wait till we get Q4 earnings reports from publicly traded companies. There’s a reason it went from 20-40K from thanksgiving to now. The Fed has lost control. This is the USD collapsing and institutions and big corps realize this. Crypto is here to stay. Pretty confident Bitcoin will hit 100K (probably significantly higher) this year. Protect your future time and purchasing power.

By your thesis, other precious commodities such as gold should also skyrocket by a similar %. Bitcojn to 100k means triple current valuation. Is gold going to triple during this time frame as well?

 

[BLADEMDA]

By your thesis, other precious commodities such as gold should also skyrocket by a similar %. Bitcojn to 100k means triple current valuation. Is gold going to triple during this time frame as well?

Bitcoin is much more speculative and a smaller global market cap than Gold. For example, look at the swing in the price of bitcoin today. It is down dramatically in just 24-48 hours.

There is much more Gold out there and it is more stable in terms of price. Does your U.S. Dollar purchase less goods than it did 2 months ago? Will your U.S. Dollar purchase less goods or will those goods cost more next year? I honestly don't know but if the answer is YES then Gold is going up.

$150 billion wiped off cryptocurrency market in 24 hours as bitcoin pulls back

Bitcoin, the largest cryptocurrency, fell over 10% from a day earlier to $34,200, according to Coin Metrics data.

www.cnbc.com

 

[BLADEMDA]

 

[FFP]

Note the peak in 2011. Also note the dip corresponding to the stock market dip in 2020.

Gold has limited industrial use. It's just another convention, like crypto, except it's a more accepted convention. Like diamonds. Still, just a convention, due to its limited usefulness. Remember tulips?

One should try investing in more useful and limited things, such as farm land etc., preferably in a well-diversified basket. You know, the kind of things people will actually need and still buy in a recession. What Consumer Staples are for stocks. Also, preferably what's out of favor (I feel so dumb for not buying oil when it went negative - be greedy when others are fearful).

 

[BLADEMDA]

Note the peak in 2011. Also note the dip corresponding to the stock market dip in 2020.

Gold has limited industrial use. It's just another convention, like crypto, except it's a more accepted convention. Like diamonds. Still, just a convention, due to its limited usefulness. Remember tulips?

One should try investing in more useful and limited things, such as farm land etc., preferably in a well-diversified basket. You know, the kind of things people will actually need and still buy in a recession. What Consumer Staples are for stocks. Also, preferably what's out of favor (I feel so dumb for not buying oil when it went negative - be greedy when others are fearful).

That is exactly what Jim Cramer is telling his viewers to buy now. Good dividend paying stocks with a 3-4% yield. Chevron, for example, is a value stock with a good dividend that the Robinhood traders despise.

Please overlay the amount of money printed by the Fed or in circulation since 2011. Or, the National debt 2011-2021. Then, ask yourself what is a fair price for GOLD based on those charts.

 

[BLADEMDA]

The federal budget deficit will reach $3.3 trillion in the fiscal year ending this month — more than triple the 2019 shortfall, the nonpartisan Congressional Budget Office (CBO) projected on Wednesday.

Why it matters: That would be 16% of GDP, the largest amount since the end of World War II in 1945. The national debt is projected to exceed 100% of GDP in 2021 and rise to 107% in 2023 — "the highest in the nation's history," the CBO notes.

• The Treasury will always be able to repay that debt, because it borrows in dollars and can print as many of those as it likes.

 

[chessknt]

The federal budget deficit will reach $3.3 trillion in the fiscal year ending this month — more than triple the 2019 shortfall, the nonpartisan Congressional Budget Office (CBO) projected on Wednesday.

Why it matters: That would be 16% of GDP, the largest amount since the end of World War II in 1945. The national debt is projected to exceed 100% of GDP in 2021 and rise to 107% in 2023 — "the highest in the nation's history," the CBO notes.

• The Treasury will always be able to repay that debt, because it borrows in dollars and can print as many of those as it likes.

Neither political party will fix this so what is the point of fretting over it? If you truly think the us dollar will collapse you should expatriate to a more stable economy.

 

[GassYous]

Jim Cramer lol
If the guy knew anything about where stocks were going, he'd be sippin mai tais on an island in the Pacific, not hawking nonsense on television.

 

[BLADEMDA]

Jim Cramer lol
If the guy knew anything about where stocks were going, he'd be sippin mai tais on an island in the Pacific, not hawking nonsense on television.

He made hundreds of millions trading stocks.

 

[pgg]

By your thesis, other precious commodities such as gold should also skyrocket by a similar %. Bitcojn to 100k means triple current valuation. Is gold going to triple during this time frame as well?

LOL

When gold doesn't go up, it's because it's suppressed and manipulated, and you should buy gold!

When gold does go up, it's because of fundamentals, and it's not too late for you to buy gold!

 

[GassYous]

He made hundreds of millions trading stocks.

He made a hundred million from fees by trading stocks for other people.

 

[BLADEMDA]

LOL

When gold doesn't go up, it's because it's suppressed and manipulated, and you should buy gold!

When gold does go up, it's because of fundamentals, and it's not too late for you to buy gold!

Gold is a fail-safe against the dollar. That's it. If the dollar maintains its value around the world gold is a poor investment. If, however, the dollar depreciates in value over the next few years then gold is a buy right now. The massive spending and huge national debt should at least make you concerned that the U.S. dollar could face enormous pressure in terms of buying power. Gold is just one way of preserving that buying power.

 

[FFP]

Two Worlds: So Much Prosperity, So Much Skepticism

The demand for forecasts grows after a surprise. It’s quite an irony. Surprises make you feel like you’re not in control, which is when it feels best to grab the wheel with both hands, listening to those who tell you what happens next despite being blindsided by what just happened. That’s where...

www.collaborativefund.com

 

[FFP]

Oopsy, daisy!

$150 billion wiped off cryptocurrency market in 24 hours as bitcoin pulls back

Bitcoin, the largest cryptocurrency, fell over 10% from a day earlier to $34,200, according to Coin Metrics data.

www.cnbc.com

 

[MirrorTodd]

Oopsy, daisy!

$150 billion wiped off cryptocurrency market in 24 hours as bitcoin pulls back

Bitcoin, the largest cryptocurrency, fell over 10% from a day earlier to $34,200, according to Coin Metrics data.

www.cnbc.com

But now is the time to buy then right? Assume I even had an extra money to buy. Lol

 

[FFP]

But now is the time to buy then right? Assume I even had an extra money to buy. Lol

It's a SALE! It's a SALE!

 

[nimbus]

Oopsy, daisy!

$150 billion wiped off cryptocurrency market in 24 hours as bitcoin pulls back

Bitcoin, the largest cryptocurrency, fell over 10% from a day earlier to $34,200, according to Coin Metrics data.

www.cnbc.com

But 12% drop meant it fell to last week’s level. BTC, like TSLA, are HODL.

 

[FFP]

But 12% drop meant it fell to last week’s level. BTC, like TSLA, are HODL.

They are both Ponzi schemes (even TSLA, at this valuation, P/E>1700). One should invest only the money one would throw away.

Only a matter of when.

 

[nimbus]

This is oops

Lost Passwords Lock Millionaires Out of Their Bitcoin Fortunes

Bitcoin owners are getting rich because the cryptocurrency has soared. But what happens when you can’t tap that wealth because you forgot the password to your digital wallet?

www.nytimes.com

 

[nimbus]

They are both Ponzi schemes (even TSLA, at this valuation, P/E>1700). One should invest only the money one would burn.

Yes i agree it’s gambling.

 

[Direct Laryngoscopy]

Yes i agree it’s gambling.

When the total market cap hits $1,000,000,000,000 don’t call it a speculation or gambling. Hint that number will be reached this year when BTC hits 50K. Get on or get left. Don’t fight the Fed (Fed Put).

 

[FFP]

When the total market cap hits $1,000,000,000,000 don’t call it a speculation or gambling. Hint that number will be reached this year when BTC hits 50K. Get on or get left. Don’t fight the Fed (Fed Put).

I'll call it inflation and tulip mania.

 

[blockstar]

Slowly buying BTC ETH XLM over past four years. Cashed out 1M to USDC stablecoin. Now on NEXO lending platform gaining 10% interest. NEXO insured for 100M. Its definitely more tangible then gold and easy af to move with a few swipes of the screen.

Obviously in a huge bull run with eventual “correction”/crash still doesnt change that BTC has been the best performing asset of the last ten years.

 

[CocoMelon0531]

I love the Anesthesiology forum. There are always a few gems from innovative investors that drop their thoughts in a few threads, get laughed at by the mass, and then disappear forever probably in the Bahamas somewhere sipping teas and relaxing while they're being proven right in the long run.

That said. I wouldn't bet gold on the horse that will benefit the most from the worldwide money printing. I put close 1 year of attending salary on ETH when it was 200s, and am doing very well. I personally think that BTC, ETH, and autonomous driving stocks like TSLA (maybe UBER and LYFT) are going to lead the charge hard.

If you are my colleagues and we're having a boy to boy talk, I would advise putting 1 month of attending salary in BTC, 1 month of attending salary in ETH, and 1 month of attending salary in combination of TSLA/UBER/LYFT. In the worst case scenario that the bets go bust, you can always take a few extra shifts to make it back. But if you hit, you will expedite your retirement by a min of 10 years.

 

[BLADEMDA]

Slowly buying BTC ETH XLM over past four years. Cashed out 1M to USDC stablecoin. Now on NEXO lending platform gaining 10% interest. NEXO insured for 100M. Its definitely more tangible then gold and easy af to move with a few swipes of the screen.

Obviously in a huge bull run with eventual “correction”/crash still doesnt change that BTC has been the best performing asset of the last ten years.

Can you explain in more detail to a more senior colleague what you are referencing?
Yes, I own some crypto but I still don’t understand the asset.

 

[CocoMelon0531]

Can you explain in more detail to a more senior colleague what you are referencing?
Yes, I own some crypto but I still don’t understand the asset.

BTC = Decentralized digital gold

ETH = Decentralized Microsoft Windows platform for all decentralized applications based on blockchain to be built in the future

What more Qs do you have?

 

[CocoMelon0531]

Why digital gold is preferred over real gold, at least among millennium generation and future?

1. Doesn't require a cumbersome storage space that will require rent money
2. Doesn't require for me to carry a block of gold or whatever for transactions
3. Value of BTC or satashi is also bullet proof against fakes like 100% vs 50% real gold
4. Transaction can be done over the digital internet w/ a click of a button
5. Daddy Federal Reserve, ECB, or BoJ can't increase the money supply

A few reasons... But I think those are the main points that appeal to the younger generations for BTC > gold