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I don’t own any.
Kinda want to tho.


Not sure how I feel about it.
Wouldn’t mind playing with a little bit and see how it does.

My suggestion would be to study not only what it is, how it works, it’s value proposition and the idea of property rights in a digital world, but also what’s going on in the country with the accelerated currency debasement and if we’re heading to increased inflation because of the money printing (new debt) or deflation because of technology.

If your trading, crypto is volatile and may shock a lot of people entering this market. If you’re looking to speculate and hold for a longer term to see where things are heading, the recent volatility (62–> 30—41K) is just a blip on the long term price action.

Good luck to you.
 
I don’t own any.
Kinda want to tho.


Not sure how I feel about it.
Wouldn’t mind playing with a little bit and see how it does.
FOMO.

Take whatever money you make in a day, after taxes, and throw it at it. It's better than the casino, but, in the end, a lot of people will lose money.
 
The Real Story Behind the 17th-Century ‘Tulip Mania’ Financial Crash

Tulip “mania” has been studied and debunked by many.
That doesn't sound debunked. The cost of a nice home for one tulip at its peak sounds like an excellent example of an insane classic mania bubble. Another 37 people paying a years salary for a tulip bulb is pretty staggering as well. Remember, we are not talking about fraud, we're talking fools and their money voluntarily being parted.

"Tulip prices spiked from December 1636 to February 1637 with some of the most prized bulbs, like the coveted Switzer, experiencing a 12-fold price jump. The most expensive tulip receipts that Goldgar found were for 5,000 guilders, the going rate for a nice house in 1637. But those exorbitant prices were outliers. She only found 37 people who paid more than 300 guilders for a tulip bulb, the equivalent of what a skilled craftsman earned in a year."

Bubbles and their burst are typically a transfer of money. Suckers lose their money to others that benefit from it. Zero sum gain. Therefore measuring it as insignificant because the economy didn't crash I think is an incorrect way to look at it.
 
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I don’t own any.
Kinda want to tho.


Not sure how I feel about it.
Wouldn’t mind playing with a little bit and see how it does.
Let the games begin!
 

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Billionaire Hedge fund manager Ray Dallio announces he's holding Bitcoin

We'll be seeing more announcements like these (especially after a large correction during this bull run). If he's managing your money and is announcing a Bitcoin allocation in his personal holdings, maybe you should start asking some questions, like why?

if you have billions of dollars you can definitely afford to diversify into all kinds of things, it is a different risk profile than somebody's retirement planning.
 
if you have billions of dollars you can definitely afford to diversify into all kinds of things, it is a different risk profile than somebody's retirement planning.
He even acknowledges government-backed dismantling of the entire industry as a major risk which has been blown off in this thread several times.
 
Billionaire Hedge fund manager Ray Dallio announces he's holding Bitcoin

We'll be seeing more announcements like these (especially after a large correction during this bull run). If he's managing your money and is announcing a Bitcoin allocation in his personal holdings, maybe you should start asking some questions, like why?
Let me start by saying I don't understand Crypto. I own some Bitcoin and am interested in the other currencies. Which ones are worth buying? Are they really an investment? They are so VOLATILE that it is hard to stomach buying them.

How about listing your top 5?

 
Let me start by saying I don't understand Crypto. I own some Bitcoin and am interested in the other currencies. Which ones are worth buying? Are they really an investment? They are so VOLATILE that it is hard to stomach buying them.

How about listing your top 5?

Ethereum / ETH
Bitcoin / BTC
Chainlink / LINK
Polygon / MATIC

Then it's a tossup between the newer blockchains like Cardano/ADA, or Polkadot/DOT


Buy what the Greyscale Trust buys: the leading crypto, growing in their lead, and what people use and want.

And this was the dip last week, so buy in now, will reach last month's levels by end of week. I literally doubled my MATIC money just today.

One more tip, use Coinbase Pro instead of Coinbase, it's still for beginners and the same company, but the fees are much lower.
 
If there was a new blooming industry of private mercenary armies for hire that were rapidly becoming popular and being used to destroy third world countries and due to that success were being funded by dystopian anarchists in the US to help them develop weapons that could surpass first world military tech, do you think that the G8 would just sit by idly and ignore them forever? That is how I see crypto right now. China is making big moves to shut it down in their country and is going to ban mining soon.
 
Let me start by saying I don't understand Crypto. I own some Bitcoin and am interested in the other currencies. Which ones are worth buying? Are they really an investment? They are so VOLATILE that it is hard to stomach buying them.

How about listing your top 5?


I'll make it even simpler than the top 5:

#1-5: Shiba Inu coin (SHIB).

100% doge killer. Better buy a space suit because this one will go to the moon. My bold prediction of 2021... Each coin will be $0.001. once Robinhood begins trading shib coins, which is looking likely, the price will go to the moon.
 
Personally, I tend to be more conservative in my investments so I took another mortgage out on my house and only two high interest short-term loans to invest everything I had in SHIB. For those who are looking for a better return, feel free to cash out yours kids college savings to invest. Or, you could take the Nigerian princes 20 million dollars that you are holding and put that into the coin.
 
Ethereum / ETH
Bitcoin / BTC
Chainlink / LINK
Polygon / MATIC

Then it's a tossup between the newer blockchains like Cardano/ADA, or Polkadot/DOT


Buy what the Greyscale Trust buys: the leading crypto, growing in their lead, and what people use and want.

And this was the dip last week, so buy in now, will reach last month's levels by end of week. I literally doubled my MATIC money just today.

One more tip, use Coinbase Pro instead of Coinbase, it's still for beginners and the same company, but the fees are much lower.
That is a solid list and I regret not picking up any MATIC during the dip. Blade if it isn't clear either from the btc youve bought exchanges will pay you to keep your crypto on the exchange to provide liquidity for other users. Most exchanges will have BTC, ETH, and LINK rates at 4%+. Some currencies (ADA, MATIC) can also be withdrawn to a wallet and staked for rewards. My crypto approach is finding a handful of projects that have actual utility (read: not doge) and buying and parking for $.
 
Let me start by saying I don't understand Crypto. I own some Bitcoin and am interested in the other currencies. Which ones are worth buying? Are they really an investment? They are so VOLATILE that it is hard to stomach buying them.

How about listing your top 5?


If you’re looking to enter this market the first thing that I would tell you that a one (potentially huge) risk to this emerging space are the participants in the form of scams, rug pulls, grifters. Being that this space is small and new, the potential for vaporware is real. There are projects that are valued at billions that haven’t produced a thing. Hype coins. There are some in the top 25 by market cap.

For me I only hold 3 coins. I’m into the money aspect of crypto. Most coins don’t aim to be money. Lots of them are utility tokens (sorta like chuckle cheese coins imo) and I haven’t been able to get a valuation of said tokens.

Some of the qualities I look for are coins that are decentralized (low probability of being shut down at 1 point), scarce (~21 million), a good emission (inflation) schedule, continued development (GitHub), what its trying to solve (disintermediation, privacy, store of wealth) and history (I like old school coins).

For me I hold Bitcoin because it’s the original, largest mindshare, most development and it’s a slow, dependable money.

The second is Decred. To me it’s cheap bitcoin, there will only be 21 million total coins like BTC, is more secure on a per dollar basis because of both proof of work POW (mining) and proof of Stake POS (I earn a yield for staking ~5% APY presently) and has a DAO that the stakeholders controlled (this DAO funds development, research, whatever the stakeholders vote on), privacy via coin mixing and other features I value.

The third I hold is Monero. It’s a straight privacy coin. The best IMO (so good that the FBI or CIA has a bounty to “crack” it). We are on track to lose all financial privacy with the eventual rollout of Central Bank digital currency and elimination of cash and that’s not very exciting to me or a world I see as utopian. My hedge is that lack of financial digital privacy may not be realized early into this adoption phase but later on this decade as more people start to interact with crypto.

So those are my top coins $BTC $DCR $XMR. I think the chances of bitcoin failing are low (but still possible), the others higher on the risk scale.

I can’t speak on utility coins like Ethereum, Cardano and others. Not sure how they maintain or accrue value, plus my interest is in the money and digital cash aspect of the crypto space.
 
Ethereum / ETH
Bitcoin / BTC
Chainlink / LINK
Polygon / MATIC

Then it's a tossup between the newer blockchains like Cardano/ADA, or Polkadot/DOT


Buy what the Greyscale Trust buys: the leading crypto, growing in their lead, and what people use and want.

And this was the dip last week, so buy in now, will reach last month's levels by end of week. I literally doubled my MATIC money just today.

One more tip, use Coinbase Pro instead of Coinbase, it's still for beginners and the same company, but the fees are much lower.
I have never ever heard of some of these coins. I know there is money to be made or lost in crypto just like in 1999 with the dot com craze. Mark Cuban made a billion dollars from selling a trash company worth nothing.

At some point you will need to get out of the losers. If you get out too late then you get crushed. Since this isn’t my area I’ll just stick with Bitcoin or Ether and leave the other coins to the speculators.
 
I have never ever heard of some of these coins. I know there is money to be made or lost in crypto just like in 1999 with the dot com craze. Mark Cuban made a billion dollars from selling a trash company worth nothing.

At some point you will need to get out of the losers. If you get out too late then you get crushed. Since this isn’t my area I’ll just stick with Bitcoin or Ether and leave the other coins to the speculators.
Yep. BTC and ETH will be the amazon and apple of this space. There will be other big winners too, but they're more risky for sure. Ethereum is a whole computing network that a new finance system is being built on top of, and the ether token is the native currency of that system. It has the potential to be unbelievably big. Interesting you bring up Mark Cuban here, as he's a big investor in the ethereum ecosystem.
 

"Like any other bubble in financial, or speculative assets, be they tulips, pet rocks or cryptocurrencies, this is already inflicting pain on the investing public and the craze probably isn’t even over yet.

Dear reader, please come back to your senses. If you didn’t get in early, you’re getting in late. You’re the bag holder.

These pied pipers of play money are walking you to the water’s edge. They will stop before falling into the water.

You may not.

If you have profits, take them and go back home. If you have losses, cut them.

If you haven’t yet played, stay home, stay safe and be well."

Ron Insana is a CNBC contributor and a senior advisor at Schroders.
 

"Like any other bubble in financial, or speculative assets, be they tulips, pet rocks or cryptocurrencies, this is already inflicting pain on the investing public and the craze probably isn’t even over yet.

Dear reader, please come back to your senses. If you didn’t get in early, you’re getting in late. You’re the bag holder.

These pied pipers of play money are walking you to the water’s edge. They will stop before falling into the water.

You may not.

If you have profits, take them and go back home. If you have losses, cut them.

If you haven’t yet played, stay home, stay safe and be well."

Ron Insana is a CNBC contributor and a senior advisor at Schroders.
A big problem with crypto is that there is no shortage of rug pull and pump and dump projects out there with no value. It doesn't help they are usually the loudest and prey on newcomers to the cryptospace. You'll find them typically priced at something like $0.00007 to lure people in because people like owning "a lot" of something, and now all it has to do is get close to one dollar and I can see my financial freedom. Even if that lot of something is garbage. The coins he mentioned also have names like safemoon...because naturally the coin will go to the moon, but don't worry, it will do so very safely. Or they have serious flaws such as an unlimited supply (doge). It's a shame he doesn't mention any benefits of crypto and just picks a few garbage projects to piss on but I wouldn't expect any less from establishment finance.
 

"Like any other bubble in financial, or speculative assets, be they tulips, pet rocks or cryptocurrencies, this is already inflicting pain on the investing public and the craze probably isn’t even over yet.

Dear reader, please come back to your senses. If you didn’t get in early, you’re getting in late. You’re the bag holder.

These pied pipers of play money are walking you to the water’s edge. They will stop before falling into the water.

You may not.

If you have profits, take them and go back home. If you have losses, cut them.

If you haven’t yet played, stay home, stay safe and be well."

Ron Insana is a CNBC contributor and a senior advisor at Schroders.
Pump and dump penny stocks exist, therefore the stock market is a scam. This guy admits he doesnt understand crypto, then goes on to give financial advice about it.
 
Joachim Klement, a trustee of the CFA Institute Research Foundation and the former head of the UBS Wealth Management Strategic Research team and head of equity strategy for UBS Wealth Management.

Klement has degrees in theoretical and particle physics, mathematics, economics and finance. And yet, he wrote to clients, “Whenever I try to understand cryptocurrencies I am at a loss. Either, I manage to translate the jargon into something in plain English at which point I often end up with trivial conclusions, or I am unable to translate the jargon and technical terms into something that makes sense.”
 
Bitcoin for me is Digital Gold. As an investor who holds gold in his portfolio I see bitcoin as another type of "hard asset" which can't be manipulated by governments like fiat currencies. With the Biden budget, if you can call unlimited spending a budget, the US dollar is at risk of devaluation and inflation.

I agree Trump spent too much money and was not fiscally responsible but Biden is proposing spending more money that Trump by a factor of 2-3.
Whether you agree with me or not on policy, we don't have the money to spend on more programs because the current social programs are not sufficiently funded. Our debt is the biggest threat to national security and not global warming. The middle class could end up decimated by a worthless paper currency devalued and inflated to the point you need a wheel barrel of money to buy a loaf of bread.

Bitcoin like gold is a hedge against reckless borrowing and printing of currency by our government. That's why I hold it in my portfolio and still think it is worth buying in small amounts. Every portfolio should be holding a small percentage in gold and/or cryptocurrency like bitcoin. You know bitcoin is at least worth considering when the boomers and the financial experts are buying some for their own portfolios.

The huge run-up in real estate makes perfect sense when you look at the big picture. Inflation around the corner and devaluation of currency due to massive borrowing on a scale never seen before in the history of the world. What assets are worth holding in such an environment? Houses, land, gold, crypto, hard assets and good dividend paying stocks.




Higher costs for land, labor and building materials have impacted homebuilders.
 
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Here is why I hold Bitcoin and Gold in my portfolio:

High and rising debt also puts upward pressure on interest rates (which are low in spite of – not because of – high debt), increases the share of the budget spent on interest, reduces fiscal space available to address the next emergency or opportunity, heightens dependency on foreign borrowing, further burdens future generations, and increases the risk of a financial, inflation, or other type of fiscal crisis.

As we recently explained, low interest rates do not mean there is no cost of borrowing, nor can the Federal Reserve indefinitely purchase U.S. debt at its current pace without consequence. Moreover, it will be far more difficult to reduce debt after the current crisis ends than it was after World War II.

It would be an economic mistake to discontinue fiscal support too soon or too abruptly. However, the United States cannot continue on its current path forever. Ultimately, significant tax increases and spending cuts will be needed to secure faltering trust funds, stabilize debt levels, and foster robust long-term economic growth.
 
Is there a Twitter figure for gold like musk is to Bitcoin if it is a gold analogue? The price fluctuation seems way too extreme and nonsensical to make the comparison.
 
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Bitcoin was launched in 2009 by Satoshi Nakamoto who's true identity remains unknown. According to Satoshi's Whitepaper, Bitcoin promises to be the first purely peer-to-peer version of electronic cash without having to rely on any financial intermediary. Like Gold, there is a limited amount of Bitcoin. Programmed in the source code, there are a limit of 21 million tokens as well as halving events, which reduce the supply of Bitcoin by 50% - ensuring that the final Bitcoin won't be issued until about the year 2140. Through an innovative incentive structure, so called "miners" compete in solving a math problem and get rewarded in Bitcoin - securing the network and verifying transactions in the process.
Both Gold and Bitcoin are often seen as a way to diversify a portfolio as well as a hedge against inflation and fiat currency debasement.
 
Is there a Twitter figure for gold like musk is to Bitcoin if it is a gold analogue? The price fluctuation seems way too extreme and nonsensical to make the comparison.
It is absolutely not gold/digital gold or whatever they want to pretend it is. And watch out, the chart looks absolutely terrible at this point. Earlier on I said I would short it, but now I'm convinced it's just not worth it with all the religious people out there leveraging up and driving the price of everything nuts.

Anyhow, not sure if this thread was about bitcoin or not. But if you want to stay ahead of the curve, I suggest looking into commodities. They have just broken out and often times we get multiples of the starting price when this happens. You may want to wait for a pullback, but I suggest that you take advantage of the fact that people are still in denial that inflation is going much higher.
 
I’ve been into Bitcoin/crypto for a long time (~2012). Every “crash” people come out of the woodwork and exclaim “Fools! You are now all bag holders in this Ponzi scheme!” And then of course Bitcoin does very well and reaches all time highs only for other people to come out of the woodwork and sneer “Silly antiquated investors, you don’t understand this new paradigm and are being left behind!”

It may be best to ignore both viewpoints, read about it a bit and either buy/don’t buy a small position based on nothing but your own conclusions.

Alternatively there’s no shame in just setting aside 25-30% of your $ into the SP500 and not paying any attention to any finance news, crypto, or any other investment. You’ll be fine.
 
I’ve been into Bitcoin/crypto for a long time (~2012). Every “crash” people come out of the woodwork and exclaim “Fools! You are now all bag holders in this Ponzi scheme!” And then of course Bitcoin does very well and reaches all time highs only for other people to come out of the woodwork and sneer “Silly antiquated investors, you don’t understand this new paradigm and are being left behind!”

It may be best to ignore both viewpoints, read about it a bit and either buy/don’t buy a small position based on nothing but your own conclusions.

Alternatively there’s no shame in just setting aside 25-30% of your $ into the SP500 and not paying any attention to any finance news, crypto, or any other investment. You’ll be fine.
If you've been riding this since 2012, i have to ask, what kind of money did you put into it back then? Hundreds? Thousands? Tens of thousands?
 
If you've been riding this since 2012, i have to ask, what kind of money did you put into it back then? Hundreds? Thousands? Tens of thousands?
Just mining back then, as at that time I didn’t have really any funds to speak of.
 
Like Gold, Crypto can be part of your portfolio. IMHO, gold and crypto combined should not be more than 5-10% of your portfolio. For me they represent about 5% of my portfolio with a tilt towards gold. I can see younger investors buying the best 4 Cryptocurrencies in a basket and cost average into them over time. As long as that basket remains a small portion of a diversified portfolio that strategy is fine.
 

Consider Alternative Investments as Part of a Portfolio​

The time has almost arrived for investors and financial firms to classify investing in Bitcoin, cryptocurrencies and blockchain-based technologies as alternative investments, and thus having a place in a properly allocated investment portfolio. Over the next few years, it's clear there will be more and more opportunities to invest in them. As these investment opportunities open up, they need to be classified appropriately in order to be placed in investor portfolios using proper asset allocation models.


Many people will dismiss them, potentially including your advisor. With the progress (and profits) being made, however, over the next year or two, you might start hearing a lot more about how they may fulfill the alternative investment portion of your portfolio.

 

Adding Bitcoin to Your Investment Portfolio​

According to Professor Aleh Tsyvinski, Bitcoin should be an imperative part of your portfolio, regardless of whether you are enthusiastic about the cryptocurrency or not.

For an optimal construction of one’s portfolio, the economist holds that Bitcoin should account for at least 6 percent of it. Those who are less enthusiastic about the world’s most popular cryptocurrency should hold 4 percent of it.

In any case, though, regardless of your position on the matter, Bitcoin should comprise a minimum of 1 percent of your portfolio just for diversification purposes
 

Adding Bitcoin to Your Investment Portfolio​

According to Professor Aleh Tsyvinski, Bitcoin should be an imperative part of your portfolio, regardless of whether you are enthusiastic about the cryptocurrency or not.

For an optimal construction of one’s portfolio, the economist holds that Bitcoin should account for at least 6 percent of it. Those who are less enthusiastic about the world’s most popular cryptocurrency should hold 4 percent of it.

In any case, though, regardless of your position on the matter, Bitcoin should comprise a minimum of 1 percent of your portfolio just for diversification purposes

That’s what crypto bulls are counting on, that crypto will become part of every individual and institutional portfolio.
 
That’s what crypto bulls are counting on, that crypto will become part of every individual and institutional portfolio.
True, for The Greater Sucker Theory to work for you there has to be a greater sucker out there willing to pay you more than what you paid.
 
El Salvador looks to become the world’s first country to adopt bitcoin as legal tender

Things happen quickly. I spoke about game theory and how even the nations that hate bitcoin will have to accumulate because you wouldn’t want to the nation not to have crypto on your country’s balance sheet. El Salvador is the first but won’t be the last.
Agree that the nations with volatile currencies will adopt crypto. Or at least lots of their citizens and small businesses will. But an US or EU person or buyer is going to have to take the step of converting $ or Euros to crypto and back to $ or Euros. What is the compelling incentive to do so? Especially given the volatility. In simple words how will this save me or a corporation time or money? Still trying to figure this out.
 
Agree that the nations with volatile currencies will adopt crypto. Or at least lots of their citizens and small businesses will. But an US or EU person or buyer is going to have to take the step of converting $ or Euros to crypto and back to $ or Euros. What is the compelling incentive to do so? Especially given the volatility. In simple words how will this save me or a corporation time or money? Still trying to figure this out.

It is admittedly one of the most direct ways to let Elon Musk's twitter account/uninhibited subconscious thoughts to control your finances. He drove the porno cum rocket (ticker CUMMIES...) up 400% in a matter of minutes because this is such a serious sector we all need to be invested in (as long as you do the research and are wise enough to understand that it is the future of finance of course).
 
It is admittedly one of the most direct ways to let Elon Musk's twitter account/uninhibited subconscious thoughts to control your finances. He drove the porno cum rocket (ticker CUMMIES...) up 400% in a matter of minutes because this is such a serious sector we all need to be invested in (as long as you do the research and are wise enough to understand that it is the future of finance of course).


I read CUM was actually Canada USA Mexico, but it doesn’t really matter.
 
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