quote:

Originally posted by AilsaWheels:
I'm not trying to start anything. Just posting an observation I saw on the internet a couple days ago.
_______________________________________________

Bitcoin yearly lows:

2012: $4
2013: $65
2014: $200
2015: $185
2016: $365
2017: $780
2018: $3,200
2019: $3,360
2020: $3,700
2021: $27,735
2022: $22,665

___________________________________


Considering that the USD has performed better than most fiat over the last 100 years and has still lost apx. 95% of its purchasing power during that time, is it prudent for an investor to use a small portion of his liquid reserves to buy bitcoin as an insurance policy against his USD or whatever fiat he may own?

Obviously none of us know. It will be interesting to look back at this thread in five years.

quote:

Originally posted by larryshores:
https://gizmodo.com/bill-gates...bored-ape-1849064001

quote:

Originally posted by larryshores:
https://www.coindesk.com/busin...-celsius-overheated/

quote:

Originally posted by Frostbit:

quote:

Originally posted by larryshores:
https://www.coindesk.com/busin...-celsius-overheated/

LINK

Sucks to ride the wrong horse.

quote:

Originally posted by Beretta682E:

quote:

Originally posted by Frostbit:

quote:

Originally posted by larryshores:
https://www.coindesk.com/busin...-celsius-overheated/

LINK

Sucks to ride the wrong horse.

Add Luna to the ever growing list of wrong horses.

Mike

quote:

Originally posted by larryshores:
If 99.5% of hunting trips were bad, I would not go.

quote:

Originally posted by Frostbit:

quote:

Originally posted by Beretta682E:

quote:

Originally posted by Frostbit:

quote:

Originally posted by larryshores:
https://www.coindesk.com/busin...-celsius-overheated/

LINK

Sucks to ride the wrong horse.

Add Luna to the ever growing list of wrong horses.

Mike

As well as 99.5% of digital assets. Like choosing the right outfitter do your due diligence.

quote:

Originally posted by Beretta682E:

quote:

Originally posted by Frostbit:

quote:

Originally posted by Beretta682E:

quote:

Originally posted by Frostbit:

quote:

Originally posted by larryshores:
https://www.coindesk.com/busin...-celsius-overheated/

LINK

Sucks to ride the wrong horse.

Add Luna to the ever growing list of wrong horses.

Mike

As well as 99.5% of digital assets. Like choosing the right outfitter do your due diligence.

Do we have a list of correct coins to check back in 5 years.

Mike

quote:

Originally posted by AilsaWheels:

quote:

Originally posted by Beretta682E:

quote:

Originally posted by Frostbit:

quote:

Originally posted by Beretta682E:

quote:

Originally posted by Frostbit:

quote:

Originally posted by larryshores:
https://www.coindesk.com/busin...-celsius-overheated/

LINK

Sucks to ride the wrong horse.

Add Luna to the ever growing list of wrong horses.

Mike

As well as 99.5% of digital assets. Like choosing the right outfitter do your due diligence.

Do we have a list of correct coins to check back in 5 years.

Mike

The crypto cycle seems to be very similar to the dotcom cycle/bubble. Technology changes tend to be that way. Do you buy Pets.com or Amazon.com?

Even Amazon took a significant fall in the dot com years. If I remember correct it IPOd in the teens, went to over 100 and crashed under 10. Perhaps not much different than good crypto projects now. Do most of us wish we had bought Amazon on the IPO and just held on to it even though it had a drawdown of over 90%?

You ask about coins to hold for five years. I have held Chainlink, Bitcoin and Etherium for awhile now and see no reason why I won't own them in five years.(things could change) I plan to add to the positions if they continue to go lower. I have held other coins. Made money on some, lost money on some. (ie: Luna which failed last month and you have been posting about I bought in the $7's and sold in the $70's and 80's last year. On the other hand, I held some funds in UST, which was Luna's stable coin that completely collapsed last month while I was out of the country and I lost part of my Luna profits in it.) I will continue to test the waters. Cut loosers and try to catch a winner or two. Will I be successful. Time will tell.

Are there other good crypto projects out there. Definitely. I don't necessarily have the time, aptitude, desire or even knowledge to understand what many of them are doing. In the long term, most will fail, just like during the dotcom craze.

There you go. My neck is on the block. In five years feel free to chop it off if I am wrong.

I am not an investment advisor. Just an old peckerwood who has seen technology change, lived through a number of investment cycles, kept his nose above water and am trying to figure out where the next opportunities will arise.

All the best.

quote:

Originally posted by Frostbit:

quote:

Originally posted by AilsaWheels:

quote:

Originally posted by Beretta682E:

quote:

Originally posted by Frostbit:

quote:

Originally posted by Beretta682E:

quote:

Originally posted by Frostbit:

quote:

Originally posted by larryshores:
https://www.coindesk.com/busin...-celsius-overheated/

LINK

Sucks to ride the wrong horse.

Add Luna to the ever growing list of wrong horses.

Mike

As well as 99.5% of digital assets. Like choosing the right outfitter do your due diligence.

Do we have a list of correct coins to check back in 5 years.

Mike

The crypto cycle seems to be very similar to the dotcom cycle/bubble. Technology changes tend to be that way. Do you buy Pets.com or Amazon.com?

Even Amazon took a significant fall in the dot com years. If I remember correct it IPOd in the teens, went to over 100 and crashed under 10. Perhaps not much different than good crypto projects now. Do most of us wish we had bought Amazon on the IPO and just held on to it even though it had a drawdown of over 90%?

You ask about coins to hold for five years. I have held Chainlink, Bitcoin and Etherium for awhile now and see no reason why I won't own them in five years.(things could change) I plan to add to the positions if they continue to go lower. I have held other coins. Made money on some, lost money on some. (ie: Luna which failed last month and you have been posting about I bought in the $7's and sold in the $70's and 80's last year. On the other hand, I held some funds in UST, which was Luna's stable coin that completely collapsed last month while I was out of the country and I lost part of my Luna profits in it.) I will continue to test the waters. Cut loosers and try to catch a winner or two. Will I be successful. Time will tell.

Are there other good crypto projects out there. Definitely. I don't necessarily have the time, aptitude, desire or even knowledge to understand what many of them are doing. In the long term, most will fail, just like during the dotcom craze.

There you go. My neck is on the block. In five years feel free to chop it off if I am wrong.

I am not an investment advisor. Just an old peckerwood who has seen technology change, lived through a number of investment cycles, kept his nose above water and am trying to figure out where the next opportunities will arise.

All the best.

Here's my neck on the block.

I hold BTC as a longterm inflation hedge and store of value. It's held in personal custody off all exchanges.

I have speculated and made money on ENJ, LINK, ADA, MATIC, ETH, and SOL.

I have sold all except ETH and SOL. I will also likely add to my SOL bag after BTC runs with the 2024 halving.

OK Mike, I don't want to speak for you but you are one of the most active on this thread.

Do you hold any digital assets directly or just proxies like the generators you are invested in used by Texas BTC miners?

A simple yes or no is sufficient. That way in 2027 when we revisit I can ask you the same question again.

Cheers
Jim

quote:

Originally posted by Beretta682E:

quote:

Originally posted by Frostbit:

quote:

Originally posted by AilsaWheels:

quote:

Originally posted by Beretta682E:

quote:

Originally posted by Frostbit:

quote:

Originally posted by Beretta682E:

quote:

Originally posted by Frostbit:

quote:

Originally posted by larryshores:
https://www.coindesk.com/busin...-celsius-overheated/

LINK

Sucks to ride the wrong horse.

Add Luna to the ever growing list of wrong horses.

Mike

As well as 99.5% of digital assets. Like choosing the right outfitter do your due diligence.

Do we have a list of correct coins to check back in 5 years.

Mike

The crypto cycle seems to be very similar to the dotcom cycle/bubble. Technology changes tend to be that way. Do you buy Pets.com or Amazon.com?

Even Amazon took a significant fall in the dot com years. If I remember correct it IPOd in the teens, went to over 100 and crashed under 10. Perhaps not much different than good crypto projects now. Do most of us wish we had bought Amazon on the IPO and just held on to it even though it had a drawdown of over 90%?

You ask about coins to hold for five years. I have held Chainlink, Bitcoin and Etherium for awhile now and see no reason why I won't own them in five years.(things could change) I plan to add to the positions if they continue to go lower. I have held other coins. Made money on some, lost money on some. (ie: Luna which failed last month and you have been posting about I bought in the $7's and sold in the $70's and 80's last year. On the other hand, I held some funds in UST, which was Luna's stable coin that completely collapsed last month while I was out of the country and I lost part of my Luna profits in it.) I will continue to test the waters. Cut loosers and try to catch a winner or two. Will I be successful. Time will tell.

Are there other good crypto projects out there. Definitely. I don't necessarily have the time, aptitude, desire or even knowledge to understand what many of them are doing. In the long term, most will fail, just like during the dotcom craze.

There you go. My neck is on the block. In five years feel free to chop it off if I am wrong.

I am not an investment advisor. Just an old peckerwood who has seen technology change, lived through a number of investment cycles, kept his nose above water and am trying to figure out where the next opportunities will arise.

All the best.

Here's my neck on the block.

I hold BTC as a longterm inflation hedge and store of value. It's held in personal custody off all exchanges.

I have speculated and made money on ENJ, LINK, ADA, MATIC, ETH, and SOL.

I have sold all except ETH and SOL. I will also likely add to my SOL bag after BTC runs with the 2024 halving.

OK Mike, I don't want to speak for you but you are one of the most active on this thread.

Do you hold any digital assets directly or just proxies like the generators you are invested in used by Texas BTC miners?

A simple yes or no is sufficient. That way in 2027 when we revisit I can ask you the same question again.

Cheers
Jim

Don’t own a single crypto. I consider it a fraud and greatest bubble of the last few centuries. I will join buffet in sitting this one out. No interest in shorting it either as I hated then when they were much lower and behind short cultish names is a death sentence.

I am just glad crypto ownership is spread around the world so when 2 trillion of value goes poof it does not impact my boring domestic us investments.


Bitcoin is no Amazon in 2001 Amazon generates cash flows - crypto is looking to the next buyer in a story.


Mike

quote:

Originally posted by Beretta682E:
Pentagon DARPA study on crypto

https://assets-global.website-...tributed_Ledgers.pdf


https://coingape.com/pentagon-...n-ethereum-security/


Mike

quote:

Originally posted by Beretta682E:
Pentagon DARPA study on crypto

https://assets-global.website-...tributed_Ledgers.pdf


https://coingape.com/pentagon-...n-ethereum-security/


Mike

quote:

Originally posted by jdollar:
I think it’s all a conspiracy by the Illuminati for world domination……

quote:

Originally posted by Frostbit:

quote:

Originally posted by Beretta682E:
Pentagon DARPA study on crypto

https://assets-global.website-...tributed_Ledgers.pdf


https://coingape.com/pentagon-...n-ethereum-security/


Mike

Thanks Mike. Interesting read.

Have you any concern over our debt to GDP ratio being over 130%

quote:

Originally posted by jdollar:
And the hits just keep on coming.Founder of OneCoin makes the FBI 10 most wanted list. Her Ponzi scheme bilked investors out of over 4 billion dollars over a 4-5 year period. The Bernie Madoff of crypto.

https://www.fbi.gov/wanted/topten/ruja-ignatova

quote:

Originally posted by Frostbit:

quote:

Originally posted by jdollar:
And the hits just keep on coming.Founder of OneCoin makes the FBI 10 most wanted list. Her Ponzi scheme bilked investors out of over 4 billion dollars over a 4-5 year period. The Bernie Madoff of crypto.

https://www.fbi.gov/wanted/topten/ruja-ignatova

Yup!! Due diligence! To bring this back to hunting. Is Blair Worldwide still in business?

Is there a booking agent, hunting outfitter, or guide federal regulatory commission?

Crypto in general is the wild west in early adoption. Huge risk no doubt.

It's absolutely unwise to put any money you can't afford to lose or will need in the next five years in there period.

If you choose not to invest that certainly makes perfect sense based on your level of knowledge demonstrated on the topic.

We can all cherry pick whatever internet links we wish supporting our positions. That's the beauty of the internet, which was an extremely risky investment 30+ years ago.

Cheers
Jim

quote:

Originally posted by Beretta682E:

quote:

Originally posted by Frostbit:

quote:

Originally posted by jdollar:
And the hits just keep on coming.Founder of OneCoin makes the FBI 10 most wanted list. Her Ponzi scheme bilked investors out of over 4 billion dollars over a 4-5 year period. The Bernie Madoff of crypto.

https://www.fbi.gov/wanted/topten/ruja-ignatova

Yup!! Due diligence! To bring this back to hunting. Is Blair Worldwide still in business?

Is there a booking agent, hunting outfitter, or guide federal regulatory commission?

Crypto in general is the wild west in early adoption. Huge risk no doubt.

It's absolutely unwise to put any money you can't afford to lose or will need in the next five years in there period.

If you choose not to invest that certainly makes perfect sense based on your level of knowledge demonstrated on the topic.

We can all cherry pick whatever internet links we wish supporting our positions. That's the beauty of the internet, which was an extremely risky investment 30+ years ago.

Cheers
Jim

If bitcoin/crypto is a safe defensive asset that will protect against fiat debasement why shOuld it be limiteD to only money you cant afford to lose.



Mike

quote:

Originally posted by Frostbit:

quote:

Originally posted by Beretta682E:

quote:

Originally posted by Frostbit:

quote:

Originally posted by jdollar:
And the hits just keep on coming.Founder of OneCoin makes the FBI 10 most wanted list. Her Ponzi scheme bilked investors out of over 4 billion dollars over a 4-5 year period. The Bernie Madoff of crypto.

https://www.fbi.gov/wanted/topten/ruja-ignatova

Yup!! Due diligence! To bring this back to hunting. Is Blair Worldwide still in business?

Is there a booking agent, hunting outfitter, or guide federal regulatory commission?

Crypto in general is the wild west in early adoption. Huge risk no doubt.

It's absolutely unwise to put any money you can't afford to lose or will need in the next five years in there period.

If you choose not to invest that certainly makes perfect sense based on your level of knowledge demonstrated on the topic.

We can all cherry pick whatever internet links we wish supporting our positions. That's the beauty of the internet, which was an extremely risky investment 30+ years ago.

Cheers
Jim

If bitcoin/crypto is a safe defensive asset that will protect against fiat debasement why shOuld it be limiteD to only money you cant afford to lose.



Mike

Go ahead Mike. Put all your money wherever you wish.

I'll stick with my plan. See ya in five years and I'll be he first to tell you you were right all along.

As far as QE being a thing of the permanent past you Sir are a fool.

With all due respect of course.

Hi to your Mom.

quote:

Originally posted by Beretta682E:
This is too funny - from WSJ

“Bankrupt crypto lender Celsius owes more than $4.7 billion in crypto assets to its customers, and says it plans to make up its deficit partly using newly minted bitcoins from its mining facility.“



Mike

quote:

Originally posted by Beretta682E:
This is too funny - from WSJ

“Bankrupt crypto lender Celsius owes more than $4.7 billion in crypto assets to its customers, and says it plans to make up its deficit partly using newly minted bitcoins from its mining facility.“


I suspect you are like me and read the WSJ to start your day. That story is just one of many that seem to be in every edition.


Mike

quote:

Originally posted by jdollar:
Backing bullshit with horse shit. What a great idea!