Stock Thread (8 Viewers)

[McBokonon]

Anyone hopping into a Bitcoin ETF tomorrow?

Not a chance in hell. Done with that crap.

c’mon, gamble on options with me. You love the action!

 

[fruity pebbles]

Anyone hopping into a Bitcoin ETF tomorrow?

I don’t get bitcoin, as much as I try and understand it, so no. I don’t get it even more now that it’s becoming more and more institutionalized. Each their own though, just not for me.

 

[Capella]

Anyone hopping into a Bitcoin ETF tomorrow?

Not a chance in hell. Done with that crap.

c’mon, gamble on options with me. You love the action!

Lmao You may as well do the crack with glass in it

 

[McBokonon]

Well, I for one look forward to gambling with SEC-approved institutional vehicles representing the decentralized economy.

 

[The General]

Explain bitcoin to one of your grandparents who died 20 years ago. Do it like a Tweet - 148 characters or less.

I'd like to hear it. Convince me.

Blockchain and something with math. Oh and the cloud.

 

[ConstruxBoy]

Explain bitcoin to one of your grandparents who died 20 years ago. Do it like a Tweet - 148 characters or less.

I'd like to hear it. Convince me.

Beanie Babies, but electronic instead of physical.

 

[stbugs]

Anyone hopping into a Bitcoin ETF tomorrow?

I don’t get bitcoin, as much as I try and understand it, so no. I don’t get it even more now that it’s becoming more and more institutionalized. Each their own though, just not for me.

I understand it but I don’t get the pricing either. You can’t really use it for anything. It’s basically an investment vehicle that doesn’t have anything behind it. There’s no physical commodity or partial ownership of companies or properties. It made sense to me when it was supposed to be a transactional currency like a go between. It made me think of instead of using a Visa card as a go between for consumers and stores, you have a Bitcoin/partial Bitcoin and the transaction fee is lower especially for things like foreign transactions. It then became a store of value which is where the backing is a bit of vapor. You often here that the market cap should match the total value of gold or the halving and technical analysis to move the price.

I also think an huge issue is that it’s way too easy to manipulate and it’s way worse for other crypto.

 

[FreeBaGeL]

Anyone hopping into a Bitcoin ETF tomorrow?

I don’t get bitcoin, as much as I try and understand it, so no. I don’t get it even more now that it’s becoming more and more institutionalized. Each their own though, just not for me.

I understand it but I don’t get the pricing either. You can’t really use it for anything. It’s basically an investment vehicle that doesn’t have anything behind it. There’s no physical commodity or partial ownership of companies or properties. It made sense to me when it was supposed to be a transactional currency like a go between. It made me think of instead of using a Visa card as a go between for consumers and stores, you have a Bitcoin/partial Bitcoin and the transaction fee is lower especially for things like foreign transactions. It then became a store of value which is where the backing is a bit of vapor. You often here that the market cap should match the total value of gold or the halving and technical analysis to move the price.

I also think an huge issue is that it’s way too easy to manipulate and it’s way worse for other crypto.

Bitcoin doesn't work as a transactional currency but there are plenty of crypto currencies that do. Bitcoin is just the OG, and a name that people recognize, so it's what they buy when they decide they want to speculate on crypto. And there is possibly some merit to the notion that if a transactional currency does end up becoming the norm (even if it's just a digital USD), bitcoin will hold value as a value store. Bitcoin's popularity in the US is mostly as just a speculative investment. But that's because we generally trust our government. It holds a lot more value to people in other countries. You think people in Russia don't want currency to be something they can hold on their own and the government can't take because they posted something critical about Putin on Twitter? You think people in Venezuela don't want their currency to be something that the government can't hyperinflate by 1,000,000,000,000%? Right now USD fills that role, but if the rest of the world decides they'd rather it be something that doesn't give another country control over them, it won't really matter what the US wants.

But, I say all that as someone that is big into crypto, but holds 0 bitcoin. Mostly for the exact reason you described. It can't really be used transactionally.

Now compare that to something like Solana which can transact in seconds for fractions of a penny, and that's the kind of thing I'm interested in. I work in real estate so I run into monetary limitations due to banking rules on MY money all the time. "Sorry, you've zell'd $5000 in a 72 hour period, you can't send via zelle again for 72 hours". "Sorry, you've had too many ACH transactions this month, your account is temporarily unavailable while we review it". "Sorry, you need to wire $10,000 to a contractor today so that they can buy the supplies they need to finish a job by Monday's deadline, but today is Saturday and the banks aren't open, and Monday is a holiday, so you can send that over to them on Tuesday....if each of you pay a $50 fee".

Here is an actual email Venmo sent me, when I opened a ticket asking why so many of my transactions were getting declined, and they basically said we didn't feel like processing your transactions.

Something like Solana, whether I have $20 or $20,000 or $2,000,000 I can hold it all, securely. Without the need to give it to a bank to gamble with (and screw up with, and fail, then get bailed out by the government). I can earn a yield on it (staking it to secure the network), and the full yield, rather than sacrificing that yield to the bank to pay all those employees that are doing a job the blockchain can do without them. I can move it anywhere I want, any time I want, in the middle of the night on Saturday, to anyone, to any application, almost instantly, for almost no cost (fractions of a penny).

I think it (blockchain) is very likely to be used in the future. The only question is whether it will be in its current form, or in a bank/government form, where they use the technology to simplify their workflow and cut their staff while still charging us the same to hold and restrict our own money. Our currency is already essentially digital, we just pay untold billions every year to maintain a convoluted system of thousands of institutions recording private ledgers with each other instead of using the one that does it all automatically, publicly.

 

[FreeBaGeL]

The main thing something like that is lacking right now is security and, in line with that, too much complexity. If you know what you're doing you can hold all your money and do whatever you want with it. But that also means you can screw up and give the wrong person or application access to it and give it away. It's still the wild west right now and unregulated, particularly with people making fake versions of real websites and getting access to your wallet to take your money. Think going to http://www.schawb.com (typo for schwab) and there's a website that looks exactly like schwab, and when you enter your login credentials they take all your money and your bank isn't there to say "hey, this doesn't look right".

But those are growing pains. Companies will rise to fill those gaps, offering insurance or additional control, but people that want the freedom could still have it. And, of course, regulation will shut down a fake solana staking website just like they would shut down a fake bankfoamerica.com website right now. A small fraction of the regulation required to bandaid together the banking system as it is now, which took hundreds of years of banks failing without having customer funds and still happens to do this day (we all just subsidize it with our taxes).

 

[identikit]

So is BA a good buy to bounce back?

Apologies if this was covered already

 

[McBokonon]

So is BA a good buy to bounce back?

Apologies if this was covered already

I think certain posters will automatically say yes and refer to it as a blue chip. They may be right. But the same leadership team is still in place through misstep after misstep so I personally want to see a change before considering them. I might miss a move up but there’s too many other options out there without the governance concerns.

 

[stbugs]

Anyone hopping into a Bitcoin ETF tomorrow?

I don’t get bitcoin, as much as I try and understand it, so no. I don’t get it even more now that it’s becoming more and more institutionalized. Each their own though, just not for me.

I understand it but I don’t get the pricing either. You can’t really use it for anything. It’s basically an investment vehicle that doesn’t have anything behind it. There’s no physical commodity or partial ownership of companies or properties. It made sense to me when it was supposed to be a transactional currency like a go between. It made me think of instead of using a Visa card as a go between for consumers and stores, you have a Bitcoin/partial Bitcoin and the transaction fee is lower especially for things like foreign transactions. It then became a store of value which is where the backing is a bit of vapor. You often here that the market cap should match the total value of gold or the halving and technical analysis to move the price.

I also think an huge issue is that it’s way too easy to manipulate and it’s way worse for other crypto.

Bitcoin doesn't work as a transactional currency but there are plenty of crypto currencies that do. Bitcoin is just the OG, and a name that people recognize, so it's what they buy when they decide they want to speculate on crypto. And there is possibly some merit to the notion that if a transactional currency does end up becoming the norm (even if it's just a digital USD), bitcoin will hold value as a value store. Bitcoin's popularity in the US is mostly as just a speculative investment. But that's because we generally trust our government. It holds a lot more value to people in other countries. You think people in Russia don't want currency to be something they can hold on their own and the government can't take because they posted something critical about Putin on Twitter? You think people in Venezuela don't want their currency to be something that the government can't hyperinflate by 1,000,000,000,000%? Right now USD fills that role, but if the rest of the world decides they'd rather it be something that doesn't give another country control over them, it won't really matter what the US wants.

But, I say all that as someone that is big into crypto, but holds 0 bitcoin. Mostly for the exact reason you described. It can't really be used transactionally.

Now compare that to something like Solana which can transact in seconds for fractions of a penny, and that's the kind of thing I'm interested in. I work in real estate so I run into monetary limitations due to banking rules on MY money all the time. "Sorry, you've zell'd $5000 in a 72 hour period, you can't send via zelle again for 72 hours". "Sorry, you've had too many ACH transactions this month, your account is temporarily unavailable while we review it". "Sorry, you need to wire $10,000 to a contractor today so that they can buy the supplies they need to finish a job by Monday's deadline, but today is Saturday and the banks aren't open, and Monday is a holiday, so you can send that over to them on Tuesday....if each of you pay a $50 fee".

Here is an actual email Venmo sent me, when I opened a ticket asking why so many of my transactions were getting declined, and they basically said we didn't feel like processing your transactions.

Something like Solana, whether I have $20 or $20,000 or $2,000,000 I can hold it all, securely. Without the need to give it to a bank to gamble with (and screw up with, and fail, then get bailed out by the government). I can earn a yield on it (staking it to secure the network), and the full yield, rather than sacrificing that yield to the bank to pay all those employees that are doing a job the blockchain can do without them. I can move it anywhere I want, any time I want, in the middle of the night on Saturday, to anyone, to any application, almost instantly, for almost no cost (fractions of a penny).

I think it (blockchain) is very likely to be used in the future. The only question is whether it will be in its current form, or in a bank/government form, where they use the technology to simplify their workflow and cut their staff while still charging us the same to hold and restrict our own money. Our currency is already essentially digital, we just pay untold billions every year to maintain a convoluted system of thousands of institutions recording private ledgers with each other instead of using the one that does it all automatically, publicly.

Nothing I don’t agree with and I get your point on Bitcoin as well just that the transaction/VISA type role makes sense to me. What you outline is the same thing, basically a payment vehicle that’s cheaper (otherwise why do it) and more efficient.

The big thing again is that even in your Solana case, it’s still weird to me to “invest” in the token. I get storing value by keeping money in Solana so you can use it tomorrow and to feel like it’s safe from government prying but you see the Bitcoin will be at $160,000 because of scarcity and halving and TA, but that seems counterintuitive to being a VISA or Venmo replacement. It’s like hey we are treating like Apple stock with no company behind it or a commodity just without something physical where Duke & Duke corner the market because of a bad weather.

 

[Sand]

Explain bitcoin to one of your grandparents who died 20 years ago. Do it like a Tweet - 148 characters or less.

I'd like to hear it. Convince me.

Bitcoin acts just like gold. Store of value - because. Market forces - inscrutable.

 

[urbanhack]

Explain bitcoin to one of your grandparents who died 20 years ago. Do it like a Tweet - 148 characters or less.

I'd like to hear it. Convince me.

"It's digital gold, stored value. You don't need to know how it works, you can now buy the ETF."

 

[stbugs]

Here’s something I thought was interesting:

Stablecoin firm Circle confidentially files for US IPO

Circle Internet Financial, the company behind stablecoin USDC, said on Thursday that it had confidentially filed for a U.S. initial public offering as part of plans to become a publicly-traded company. Circle did not disclose the number of shares it plans to sell or the proposed price range for...

finance.yahoo.com

If this company goes IPO, how do they make money? Are they charging fees per stable coin created. Also, since they have to buy backing assets to match the coins available, do they have any real value. Those assets would be sold when people sell the stable coins.

The article says they were going to go public as a SPAC back in the day at $9B valuation. I wonder what their business plan/revenue outlook looks like for their IPO roadshow.

 

[stbugs]

I will say that it’s nice that GBTC is now currently priced online and not on a 15 minute OTC delay.

 

[Desert_Power]

Explain bitcoin to one of your grandparents who died 20 years ago. Do it like a Tweet - 148 characters or less.

I'd like to hear it. Convince me.

Bill Ackman would strongly disagree with this tweet character limit and tweet 8 pages about why.

 

[General Malaise]

Explain bitcoin to one of your grandparents who died 20 years ago. Do it like a Tweet - 148 characters or less.

I'd like to hear it. Convince me.

Bitcoin acts just like gold. Store of value - because. Market forces - inscrutable.

I can hold gold in my hand. An ounce that I can trade for cash is refined and pure. I can't exchange a nugget I pull from a stream for $2,000 an ounce. That makes sense to me.

 

[General Malaise]

Explain bitcoin to one of your grandparents who died 20 years ago. Do it like a Tweet - 148 characters or less.

I'd like to hear it. Convince me.

Bill Ackman would strongly disagree with this tweet character limit and tweet 8 pages about why.

And he would have plagiarized it.

 

[Dr_Zaius]

Explain bitcoin to one of your grandparents who died 20 years ago. Do it like a Tweet - 148 characters or less.

I'd like to hear it. Convince me.

Bill Ackman would strongly disagree with this tweet character limit and tweet 8 pages about why.

And he would have plagiarized it.

Isn't that his wife?

 

[General Malaise]

Explain bitcoin to one of your grandparents who died 20 years ago. Do it like a Tweet - 148 characters or less.

I'd like to hear it. Convince me.

Bill Ackman would strongly disagree with this tweet character limit and tweet 8 pages about why.

And he would have plagiarized it.

Isn't that his wife?

Hell of a note, ittnt? Glass houses.

 

[Desert_Power]

NVDA up 1% even on a bad day

 

[song]

Explain bitcoin to one of your grandparents who died 20 years ago. Do it like a Tweet - 148 characters or less.

I'd like to hear it. Convince me.

top performing asset class over the last 15 years. not guaranteed to lose value to inflation like dollars. backed by perception and belief like dollars. glad your leg's back now grandpa.

 

[Todem]

Anyone hopping into a Bitcoin ETF tomorrow?

I don’t get bitcoin, as much as I try and understand it, so no. I don’t get it even more now that it’s becoming more and more institutionalized. Each their own though, just not for me.

Mortgage backed credit swaps were also institutionalized and then 2008 happened.

Agree with you....stay outta this casino. And if you decide to play....play with money your than willing to lose every cent of.

 

[Todem]

Explain bitcoin to one of your grandparents who died 20 years ago. Do it like a Tweet - 148 characters or less.

I'd like to hear it. Convince me.

top performing asset class over the last 15 years. not guaranteed to lose value to inflation like dollars. backed by perception and belief like dollars. glad your leg's back now grandpa.

It's funny....I know so many who have gotten murdered in this asset class and have yet to meet one living person who has made a ton in it....I guess they all have their own island and are way outta my league.

 

[Todem]

So is BA a good buy to bounce back?

Apologies if this was covered already

Long term yes most likely. But they have a lot of issues right now. The worst being their debt load. And of course the 737 Max issue keeps biting them over and over.

I pounded the floor here when in 2020 it went below 100 a share. We have been out of it for a little while after we got called out at $200.

I say if you're really patient yes you can start taking a position down here....but there is no dividend and you will wait a while.

But I would not be surprised in 5 years if this is a 375-425 a share stock. Would not be surprised at all.

 

[General Malaise]

Sold a bunch of losers this morning and bought 100 shares of VRTX. For context, they are making some noise currently for a breakthrough treatment of Type 1 Diabetes and as a dad of a child with T1D, this looks really promising. Long way to go, of course, but man, a world with a cure for T1D is one I want to cheer for.

https://www.healthline.com/diabetesmine/vertex-type-1-diabetes-research

$207 was my initial print on this. Trading at $430 today. I've had a lot of horrific posts in here over the years and am embarrassed about a few of them *cough cough Cobalt Blockchain cough cough Playgon* but this was a goodie!

 

[General Malaise]

Explain bitcoin to one of your grandparents who died 20 years ago. Do it like a Tweet - 148 characters or less.

I'd like to hear it. Convince me.

top performing asset class over the last 15 years. not guaranteed to lose value to inflation like dollars. backed by perception and belief like dollars. glad your leg's back now grandpa.

It's funny....I know so many who have gotten murdered in this asset class and have yet to meet one living person who has made a ton in it....I guess they all have their own island and are way outta my league.

Not bitcoin, but several FBGs pooled money to buy crypto and it was 100% loss for all of us.

 

[Todem]

Explain bitcoin to one of your grandparents who died 20 years ago. Do it like a Tweet - 148 characters or less.

I'd like to hear it. Convince me.

top performing asset class over the last 15 years. not guaranteed to lose value to inflation like dollars. backed by perception and belief like dollars. glad your leg's back now grandpa.

It's funny....I know so many who have gotten murdered in this asset class and have yet to meet one living person who has made a ton in it....I guess they all have their own island and are way outta my league.

Not bitcoin, but several FBGs pooled money to buy crypto and it was 100% loss for all of us.

Yeah it's a casino. When I first started researching it it had bubble and burst written all over it.

Now...will digital crypto currency become a true thing? Maybe. But I would venture to say it will become highly regulated ....otherwise it will remain what it is today a completely speculative black market currency.

I simply will swim in the ocean where I understand the currents a lot better.

Helps me sleep at night a lot better.

 

[fruity pebbles]

Explain bitcoin to one of your grandparents who died 20 years ago. Do it like a Tweet - 148 characters or less.

I'd like to hear it. Convince me.

top performing asset class over the last 15 years. not guaranteed to lose value to inflation like dollars. backed by perception and belief like dollars. glad your leg's back now grandpa.

It's funny....I know so many who have gotten murdered in this asset class and have yet to meet one living person who has made a ton in it....I guess they all have their own island and are way outta my league.

Not bitcoin, but several FBGs pooled money to buy crypto and it was 100% loss for all of us.

Yeah it's a casino. When I first started researching it it had bubble and burst written all over it.

Now...will digital currency become a true thing? Maybe. But I would venture to say it will become highly regulated ....otherwise it will remain what it is today a completely speculative black market currency.

I simply will swim in the ocean where I understand the currents a lot better.

Helps me sleep at night a lot better.

Yeah it’s hard to hold something during the down swings when you don’t really believe in what you’re holding. End up doing the sell low and buy high thing. Some truly have the resolution and fortitude to hold this through the highs and lows. Hats off to them but not for me.

 

[SFBayDuck]

Sold a bunch of losers this morning and bought 100 shares of VRTX. For context, they are making some noise currently for a breakthrough treatment of Type 1 Diabetes and as a dad of a child with T1D, this looks really promising. Long way to go, of course, but man, a world with a cure for T1D is one I want to cheer for.

https://www.healthline.com/diabetesmine/vertex-type-1-diabetes-research

$207 was my initial print on this. Trading at $430 today. I've had a lot of horrific posts in here over the years and am embarrassed about a few of them *cough cough Cobalt Blockchain cough cough Playgon* but this was a goodie!

Of course I followed you into Cobalt and Playgon, but not VRTX.

 

[FreeBaGeL]

I've made 6 figures in crypto this year but I mostly only buy real stuff with real products (okay I will occasionally throw a few hundred bucks at stupid meme coins). I don't own any bitcoin. I'm not just throwing random money at random coins. I read white pipers, try out the products, talk to other users on discord about them, etc. It's not passive by any means.

 

[General Malaise]

Sold a bunch of losers this morning and bought 100 shares of VRTX. For context, they are making some noise currently for a breakthrough treatment of Type 1 Diabetes and as a dad of a child with T1D, this looks really promising. Long way to go, of course, but man, a world with a cure for T1D is one I want to cheer for.

https://www.healthline.com/diabetesmine/vertex-type-1-diabetes-research

$207 was my initial print on this. Trading at $430 today. I've had a lot of horrific posts in here over the years and am embarrassed about a few of them *cough cough Cobalt Blockchain cough cough Playgon* but this was a goodie!

Of course I followed you into Cobalt and Playgon, but not VRTX.

Sorry, GB. I'll try and make it up to you. I can do dishes after tailgates, cook up some jambalaya and gumbo, beat up some Fuskies for you, you name it.

 

[SFBayDuck]

Explain bitcoin to one of your grandparents who died 20 years ago. Do it like a Tweet - 148 characters or less.

I'd like to hear it. Convince me.

top performing asset class over the last 15 years. not guaranteed to lose value to inflation like dollars. backed by perception and belief like dollars. glad your leg's back now grandpa.

It's funny....I know so many who have gotten murdered in this asset class and have yet to meet one living person who has made a ton in it....I guess they all have their own island and are way outta my league.

Not bitcoin, but several FBGs pooled money to buy crypto and it was 100% loss for all of us.

Yeah it's a casino. When I first started researching it it had bubble and burst written all over it.

Now...will digital currency become a true thing? Maybe. But I would venture to say it will become highly regulated ....otherwise it will remain what it is today a completely speculative black market currency.

I simply will swim in the ocean where I understand the currents a lot better.

Helps me sleep at night a lot better.

Yeah it’s hard to hold something during the down swings when you don’t really believe in what you’re holding. End up doing the sell low and buy high thing. Some truly have the resolution and fortitude to hold this through the highs and lows. Hats off to them but not for me.

I've dabbled in it, hold some BTC and some ETH, along with a tiny amount in a couple of the ****coins on the hope of a home run (now that's gambling!). First bought some BTC back in late 2019 I think, and have added a little more here and there, all at prices under $30K. I have yet to sell any, so I'm currently up quite a bit. But I'm talking it's currently like 1% of my overall portfolio, and I'm not sure I'd be comfortable with more than 2-3%.

Of course I also still have some ETH locked up at BlockFi stuck in their bankruptcy mess that I can't get out. So I've got that going for me....which is nice.

I'd sum it up by saying I'd be really pissed if it goes to $100K or $500K or whatever and I didn't own any. So owning a little is effectively an emotional hedge for me.

 

[cosjobs]

Anyone hopping into a Bitcoin ETF tomorrow?

I don’t get bitcoin, as much as I try and understand it, so no. I don’t get it even more now that it’s becoming more and more institutionalized. Each their own though, just not for me.

I understand it but I don’t get the pricing either. You can’t really use it for anything. It’s basically an investment vehicle that doesn’t have anything behind it. There’s no physical commodity or partial ownership of companies or properties. It made sense to me when it was supposed to be a transactional currency like a go between. It made me think of instead of using a Visa card as a go between for consumers and stores, you have a Bitcoin/partial Bitcoin and the transaction fee is lower especially for things like foreign transactions. It then became a store of value which is where the backing is a bit of vapor. You often here that the market cap should match the total value of gold or the halving and technical analysis to move the price.

I also think an huge issue is that it’s way too easy to manipulate and it’s way worse for other crypto.

Bitcoin doesn't work as a transactional currency but there are plenty of crypto currencies that do. Bitcoin is just the OG, and a name that people recognize, so it's what they buy when they decide they want to speculate on crypto. And there is possibly some merit to the notion that if a transactional currency does end up becoming the norm (even if it's just a digital USD), bitcoin will hold value as a value store. Bitcoin's popularity in the US is mostly as just a speculative investment. But that's because we generally trust our government. It holds a lot more value to people in other countries. You think people in Russia don't want currency to be something they can hold on their own and the government can't take because they posted something critical about Putin on Twitter? You think people in Venezuela don't want their currency to be something that the government can't hyperinflate by 1,000,000,000,000%? Right now USD fills that role, but if the rest of the world decides they'd rather it be something that doesn't give another country control over them, it won't really matter what the US wants.

But, I say all that as someone that is big into crypto, but holds 0 bitcoin. Mostly for the exact reason you described. It can't really be used transactionally.

Now compare that to something like Solana which can transact in seconds for fractions of a penny, and that's the kind of thing I'm interested in. I work in real estate so I run into monetary limitations due to banking rules on MY money all the time. "Sorry, you've zell'd $5000 in a 72 hour period, you can't send via zelle again for 72 hours". "Sorry, you've had too many ACH transactions this month, your account is temporarily unavailable while we review it". "Sorry, you need to wire $10,000 to a contractor today so that they can buy the supplies they need to finish a job by Monday's deadline, but today is Saturday and the banks aren't open, and Monday is a holiday, so you can send that over to them on Tuesday....if each of you pay a $50 fee".

Here is an actual email Venmo sent me, when I opened a ticket asking why so many of my transactions were getting declined, and they basically said we didn't feel like processing your transactions.

Something like Solana, whether I have $20 or $20,000 or $2,000,000 I can hold it all, securely. Without the need to give it to a bank to gamble with (and screw up with, and fail, then get bailed out by the government). I can earn a yield on it (staking it to secure the network), and the full yield, rather than sacrificing that yield to the bank to pay all those employees that are doing a job the blockchain can do without them. I can move it anywhere I want, any time I want, in the middle of the night on Saturday, to anyone, to any application, almost instantly, for almost no cost (fractions of a penny).

I think it (blockchain) is very likely to be used in the future. The only question is whether it will be in its current form, or in a bank/government form, where they use the technology to simplify their workflow and cut their staff while still charging us the same to hold and restrict our own money. Our currency is already essentially digital, we just pay untold billions every year to maintain a convoluted system of thousands of institutions recording private ledgers with each other instead of using the one that does it all automatically, publicly.

what do 148

Explain bitcoin to one of your grandparents who died 20 years ago. Do it like a Tweet - 148 characters or less.

I'd like to hear it. Convince me.

Bill Ackman would strongly disagree with this tweet character limit and tweet 8 pages about why.

And he would have plagiarized it.

Isn't that his wife?

Hell of a note, ittnt? Glass houses.

I own a lot of Glasshouse

 

[General Malaise]

Uranium is 2023's second best performing commodity behind.......

Anybody?

Bueller? Bueller?


NO PEEKING!

Seeing offers at $100/Lb. Holy smokes. Uranium was just under $50/Lb to start 2023. I think this uranium is up to something.

 

[KGB]

Explain bitcoin to one of your grandparents who died 20 years ago. Do it like a Tweet - 148 characters or less.

I'd like to hear it. Convince me.

top performing asset class over the last 15 years. not guaranteed to lose value to inflation like dollars. backed by perception and belief like dollars. glad your leg's back now grandpa.

It's funny....I know so many who have gotten murdered in this asset class and have yet to meet one living person who has made a ton in it....I guess they all have their own island and are way outta my league.

Love you Todem, and thank you for all you do here. I've made money in crypto. I think you should look into crypto further.

 

[KGB]

I think it would be silly to not put a portion of your portfolio into crypto

Bitcoin's Price History

Bitcoin's price history has been volatile. Learn about the currency's significant spikes and crashes, plus its major price influencers.

www.investopedia.com

 

[JB Breakfast Club]

I think it would be silly to not put a portion of your portfolio into crypto

Bitcoin's Price History

Bitcoin's price history has been volatile. Learn about the currency's significant spikes and crashes, plus its major price influencers.

www.investopedia.com

I added ETHE to my Fidelity account in early 2023, and I'm very happy with the returns.

 

[KGB]

I think it would be silly to not put a portion of your portfolio into crypto

Bitcoin's Price History

Bitcoin's price history has been volatile. Learn about the currency's significant spikes and crashes, plus its major price influencers.

www.investopedia.com

I added ETHE to my Fidelity account in early 2023, and I'm very happy with the returns.

Nice buy low imo

 

[Todem]

Explain bitcoin to one of your grandparents who died 20 years ago. Do it like a Tweet - 148 characters or less.

I'd like to hear it. Convince me.

top performing asset class over the last 15 years. not guaranteed to lose value to inflation like dollars. backed by perception and belief like dollars. glad your leg's back now grandpa.

It's funny....I know so many who have gotten murdered in this asset class and have yet to meet one living person who has made a ton in it....I guess they all have their own island and are way outta my league.

Love you Todem, and thank you for all you do here. I've made money in crypto. I think you should look into crypto further.

Oh believe me....I am still looking into to it as a hedge.

 

[General Malaise]

Uranium is 2023's second best performing commodity behind.......

Anybody?

Bueller? Bueller?


NO PEEKING!

Seeing offers at $100/Lb. Holy smokes. Uranium was just under $50/Lb to start 2023. I think this uranium is up to something.

Kung pao!

 

[Desert_Power]

Explain bitcoin to one of your grandparents who died 20 years ago. Do it like a Tweet - 148 characters or less.

I'd like to hear it. Convince me.

top performing asset class over the last 15 years. not guaranteed to lose value to inflation like dollars. backed by perception and belief like dollars. glad your leg's back now grandpa.

It's funny....I know so many who have gotten murdered in this asset class and have yet to meet one living person who has made a ton in it....I guess they all have their own island and are way outta my league.

Love you Todem, and thank you for all you do here. I've made money in crypto. I think you should look into crypto further.

Oh believe me....I am still looking into to it as a hedge.

A hedge of what risk?

 

[Todem]

Explain bitcoin to one of your grandparents who died 20 years ago. Do it like a Tweet - 148 characters or less.

I'd like to hear it. Convince me.

top performing asset class over the last 15 years. not guaranteed to lose value to inflation like dollars. backed by perception and belief like dollars. glad your leg's back now grandpa.

It's funny....I know so many who have gotten murdered in this asset class and have yet to meet one living person who has made a ton in it....I guess they all have their own island and are way outta my league.

Love you Todem, and thank you for all you do here. I've made money in crypto. I think you should look into crypto further.

Oh believe me....I am still looking into to it as a hedge.

A hedge of what risk?

Dollar risk, equites as well.

Funny thing is it has moved lock step with equites the last couple of years.

I view Crypto as an alternative asset class.

If it became a hedge vs the dollar and the broad stock market I can't see putting more than 2% into this "asset class"

My big issue with Bitcoin is it is completely unregulated and really is the wild wild west.

I am still staying on the sidelines now that all these ETF's have come to market and the inevitable bum rush is happening with retail investors pouring into them. The proverbial carpet being pulled out by the way way way earlier adopters will happen at some point.

If I ever decided to step into this at all (personally not professionally as I won't even dare solicit crypto investing) I would wait for a much lower entry point which IMO will undoubtedly happen again.....and again...and again.

Kind of like Gold.

I have one client who has been a highly reliable "tell" for me when the bubble is gonna burst on anything he mentions. Yeah he called me two days ago saying I gotta get into a Bitcoin ETF.

Kiss of death.

 

[jwb]

Explain bitcoin to one of your grandparents who died 20 years ago. Do it like a Tweet - 148 characters or less.

I'd like to hear it. Convince me.

top performing asset class over the last 15 years. not guaranteed to lose value to inflation like dollars. backed by perception and belief like dollars. glad your leg's back now grandpa.

The "backed by belief" is not quite apples to apples. Yes, my dollar is technically backed by belief, but that belief is in the US Government and American military might. While not 100% foolproof, it is a lot more tangible. Crypto belief is prettymuch only belief. That bothers me. Maybe I'm wrong, but I'm comfortable leaving it alone.

 

[SFBayDuck]

Explain bitcoin to one of your grandparents who died 20 years ago. Do it like a Tweet - 148 characters or less.

I'd like to hear it. Convince me.

top performing asset class over the last 15 years. not guaranteed to lose value to inflation like dollars. backed by perception and belief like dollars. glad your leg's back now grandpa.

It's funny....I know so many who have gotten murdered in this asset class and have yet to meet one living person who has made a ton in it....I guess they all have their own island and are way outta my league.

Love you Todem, and thank you for all you do here. I've made money in crypto. I think you should look into crypto further.

Oh believe me....I am still looking into to it as a hedge.

A hedge of what risk?

Dollar risk, equites as well.

Funny thing is it has moved lock step with equites the last couple of years.

I view Crypto as an alternative asset class.

If it became a hedge vs the dollar and the broad stock market I can't see putting more than 2% into this "asset class"

My big issue with Bitcoin is it is completely unregulated and really is the wild wild west.

I am still staying on the sidelines now that all these ETF's have come to market and the inevitable bum rush is happening with retail investors pouring into them. The proverbial carpet being pulled out by the way way way earlier adopters will happen at some point.

If I ever decided to step into this at all (personally not professionally as I won't even dare solicit crypto investing) I would wait for a much lower entry point which IMO will undoubtedly happen again.....and again...and again.

Kind of like Gold.

I have one client who has been a highly reliable "tell" for me when the bubble is gonna burst on anything he mentions. Yeah he called me two days ago saying I gotta get into a Bitcoin ETF.

Kiss of death.

And BTC down 6.5% on the day.

One of the technical analysts I watch just yesterday said it is in an uptrend within a well-defined channel, but was near the top of that channel right now and he expected a pullback to the bottom of the channel. If you're into that kind of thing. And since we have no actual fundamentals to gauge for BTC, technical analysis seems to probably be about the best we can do.

 

[ConstruxBoy]

Oh believe me....I am still looking into to it as a hedge.

A hedge of what risk?

The risk that I'm wrong and that electronic beanie babies turn out to be a real asset class with real long term returns. Maybe they even take over as a mass method of exchange of goods and services.
I think that sounds sort of crazy but I'm also not stupid enough to ignore my own confidence bias so I have a small hedge in crypto.

 

[fruity pebbles]

Explain bitcoin to one of your grandparents who died 20 years ago. Do it like a Tweet - 148 characters or less.

I'd like to hear it. Convince me.

top performing asset class over the last 15 years. not guaranteed to lose value to inflation like dollars. backed by perception and belief like dollars. glad your leg's back now grandpa.

It's funny....I know so many who have gotten murdered in this asset class and have yet to meet one living person who has made a ton in it....I guess they all have their own island and are way outta my league.

Love you Todem, and thank you for all you do here. I've made money in crypto. I think you should look into crypto further.

Oh believe me....I am still looking into to it as a hedge.

A hedge of what risk?

Dollar risk, equites as well.

Funny thing is it has moved lock step with equites the last couple of years.

I view Crypto as an alternative asset class.

If it became a hedge vs the dollar and the broad stock market I can't see putting more than 2% into this "asset class"

My big issue with Bitcoin is it is completely unregulated and really is the wild wild west.

I am still staying on the sidelines now that all these ETF's have come to market and the inevitable bum rush is happening with retail investors pouring into them. The proverbial carpet being pulled out by the way way way earlier adopters will happen at some point.

If I ever decided to step into this at all (personally not professionally as I won't even dare solicit crypto investing) I would wait for a much lower entry point which IMO will undoubtedly happen again.....and again...and again.

Kind of like Gold.

I have one client who has been a highly reliable "tell" for me when the bubble is gonna burst on anything he mentions. Yeah he called me two days ago saying I gotta get into a Bitcoin ETF.

Kiss of death.

That’s my biggest issue using it as a hedge. It basically moves in lock step with tech stocks now.

 

[massraider]

I am still staying on the sidelines now that all these ETF's have come to market and the inevitable bum rush is happening with retail investors pouring into them. The proverbial carpet being pulled out by the way way way earlier adopters will happen at some point

I assume there will be money to be made if people enjoy a short run up, and then sell.

 

[song]

Explain bitcoin to one of your grandparents who died 20 years ago. Do it like a Tweet - 148 characters or less.

I'd like to hear it. Convince me.

top performing asset class over the last 15 years. not guaranteed to lose value to inflation like dollars. backed by perception and belief like dollars. glad your leg's back now grandpa.

The "backed by belief" is not quite apples to apples. Yes, my dollar is technically backed by belief, but that belief is in the US Government and American military might. While not 100% foolproof, it is a lot more tangible. Crypto belief is prettymuch only belief. That bothers me. Maybe I'm wrong, but I'm comfortable leaving it alone.

yeah. the apples are different for $ vs. bitcoin belief. many consider U.S. government support (for now, remember the gold standard?) for $'s to be persuasive. for many, bitcoin's lack of affiliation with government and central banks is tangible and persuasive.

i don't think it's a matter of being wrong or right. nothing is foolproof. for investing, it's a matter of choosing to play the odds. (maybe a diversification argument). or not.

the same apples for $ vs. bitcoin belief have been in place since bitcoin was 1st used in a financial transaction in 2009 that google tells me established bitcoin's value at $0.00099 and is/was currently at $43,301.00, and tells me the purchasing power of a 2009 $1 is currently $1.43 (inflation). so there's them apples.

maybe belongs in the other thread. apologies.