Bitcoin, Cryptocurrency, and the Future of Global Finance

#802
#802
How about discussing something responsible? What percent of an individuals liquid assets should be put into crypto? I’ve already said that I wouldn’t be uncomfortable going up to 5%… even with the high possibility of a massive crash from these levels for the currencies. A lot of these posters sound like they are putting their life’s savings into speculating on the CCs.
 
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#803
#803
I wonder if @Freak is possibly at risk of being sued by posters that might lose their life savings. Not saying they’ll win. But anybody can litigate.
 
#805
#805
utvolpj said:
Oh so you're just white knighting instead. Got it

Please save us!
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Again, you are not reading or understanding my posts. I am skeptical of the current valuations. I haven’t suggested that crypto goes away. I’ve also indicated that I would take small bites. My skepticism has been driven by not knowing where a reasonable valuation can be established. I’ve seen arguments for utility and I’ve seen speculating. IMO utility has flaws once the governments become more involved.
 
#807
#807
Thunder Good-Oil said:
I think that the word “betting” in the thread title will suffice.
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Every investment is a bet as well. You just don't know or like this one and are setting up camp here for some unknown reason. Now you're tagging freak in an effort to get the discussion shut down. A discussion you claim to want to have. It's pretty ridiculous
 
#809
#809
utvolpj said:
Every investment is a bet as well. You just don't know or like this one and are setting up camp here for some unknown reason. Now you're tagging freak in an effort to get the discussion shut down. A discussion you claim to want to have. It's pretty ridiculous
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You aren’t reading my posts and you are unable to interpret the ones that you do read.

Investing includes a component of risk. This form of “investing” has an extreme risk/reward component. Addressing that should not come under attack… especially from a moderator.

Gambling on ballgames is highly mathematic. I would rate it on a safer scale of risk/reward than crypto speculation. Probabilities of casino gambling have been well established. Betting on games is more difficult to interpret but those oddsmakers do a really good job of coming up with those odds.

Investing in equity and debt securities is supported by real companies (or other entities in the case of debt investing) creating real products and generating real sales and hopefully creating actual profits. That is a bad analogy by you.
 
#811
#811
Thunder Good-Oil said:
Kind of picking cherries there. For every AMZN there are hundreds or thousands of pets dot coms.
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The same thing will happen with crypto.

We are at the point now the winners are becoming obvious and if you pay attention and hold through the ups and downs time is the only thing separating you from success. I am stacking my pennies next to the dollars of the fintech innovators. Patience will win this race in a huge way.
 
#812
#812
Thunder Good-Oil said:
How about discussing something responsible? What percent of an individuals liquid assets should be put into crypto? I’ve already said that I wouldn’t be uncomfortable going up to 5%… even with the high possibility of a massive crash from these levels for the currencies. A lot of these posters sound like they are putting their life’s savings into speculating on the CCs.
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I agree, but I think everyone‘s situation is different. When I was married and raising kids I could not afford to invest $1k month. But, being 70, single, debt free, very conservative minded, and with good retirement $1k works for me. I’m not a rich guy by no means, but have done well in stocks and now intrigued with crypto.
I have not put any savings in it nor will I, being 70 I realize every day is a blessing and a gift.
 
#813
#813
reecetn said:
The same thing will happen with crypto.

We are at the point now the winners are becoming obvious and if you pay attention and hold through the ups and downs time is the only thing separating you from success. I am stacking my pennies next to the dollars of the fintech innovators. Patience will win this race in a huge way.
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Again, I am not writing off the industry. I am skeptical of the current valuations. It took about 15 years for the NASDAQ to recover from the dot com bubble bursting. Holding the best names for 20 years after that crash returned most to net positive results. I’d guess that very few crypto bros have that kind of patience if the worst occurs.
 
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#814
#814
Thunder Good-Oil said:
Again, I am not writing off the industry. I am skeptical of the current valuations. It took about 15 years for the NASDAQ to recover from the dot com bubble bursting. Holding the best names for 20 years after that crash returned mist to net positive results. I’d guess that very few crypto bros have that kind of patience if the worst occurs.
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Crypto goes through 4 bear cycles where traders dollar cost average the whole time to get to this point. That is textbook patience. And when utility is realized those patient investors will have generational wealth.
 
#815
#815
OldVolMan said:
I agree, but I think everyone‘s situation is different. When I was married and raising kids I could not afford to invest $1k month. But, being 70, single, debt free, very conservative minded, and with good retirement $1k works for me. I’m not a rich guy by no means, but have done well in stocks and now intrigued with crypto.
I have not put any savings in it nor will I, being 70 I realize every day is a blessing and a gift.
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I’m not concerned about you. But I would hate to see college funds go into this form of speculation. Actually I’m really not that concerned about who wins or who loses. Those are personal decisions. I’m not giving out advice and if anybody thinks that I am they are wrong. I am simply personally bearish on the current CC valuations. IMO they are certainly tradable. I am highly skeptical that they are investable as a long term store of wealth at these levels.

I’d prefer to see more detailed discussion of why various CCs are better than others rather than throwing out names pulled from blogs with no supporting narrative from the poster.
 
#816
#816
reecetn said:
Crypto goes through 4 bear cycles where traders dollar cost average the whole time to get to this point. That is textbook patience. And when utility is realized those patient investors will have generational wealth.
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I think that utility is already factored in as a major component of the perceived valuations. There are enormous fluctuations whenever news of possible governmental involvement or participation from established businesses hits the cycle. What do you expect to see if Visa, MasterCard, the Intercontinental Exchange, CME, and CBOE announce further participation?
 
#818
#818
DancingOutlaw said:
dude what in the world
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I like Freak and his platform. I’d hate to see anybody ruin their life by dumb choices and attempt to blame somebody else for their unfortunate decisions. I have little doubt that a bloodsucking attorney wouldn’t take their shot. It’s not a good look for a staff member to attack a differing opinion of those convinced of easily obtaining generational wealth with CCs.
 
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#819
#819
Thunder Good-Oil said:
I think that utility is already factored in as a major component of the perceived valuations. There are enormous fluctuations whenever news of possible governmental involvement or participation from established businesses hits the cycle. What do you expect to see if Visa, MasterCard, the Intercontinental Exchange, CME, and CBOE announce further participation?
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This market is pure speculation when utility sets in you won't see 40% swings and it will be too late to buy in. The entire market cap is a little less than 2 trillion what do you think will happen when derivatives get tokenized. What about when ripple takes the 4 trillion dollar per day cross border payments system?
 
#820
#820
I'm going to consolidate my posts and some notes I have on how I trade and make one huge post. Maybe @utvolpj make a sticky. This thread has been derailed.
 
#821
#821
reecetn said:
This market is pure speculation when utility sets in you won't see 40% swings and it will be too late to buy in. The entire market cap is a little less than 2 trillion what do you think will happen when derivatives get tokenized. What about when ripple takes the 4 trillion dollar per day cross border payments system?
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I think that the ancillary operations will bank a lot of coin.
 
#824
#824
reecetn said:
I'm going to consolidate my posts and some notes I have on how I trade and make one huge post. Maybe @utvolpj make a sticky. This thread has been derailed.
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It has been derailed. Long ago. Instead of being about “Bitcoin, Cryptocurrency, and the Future of Global Finance” in the Politics Forum it has become overwhelmed by CC Speculation. Maybe there should be a new thread in The Pub for the latter.
 
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