Sounds like you found religion. May it bring you comfort and peace. And perhaps wads of cash as a mere afterthought?
I don't want to get into a crypto debate (too late?), because it is Baron's investment journal, but you are incredibly naive. If you think that an easily copied, forkable to infinity crypto is the medicine to society's ill, I have nothing to say to you. Just because you are a nice guy and trying to help all of us, that doesn't mean you are correct about PRICE. You see with a new invention it doesn't matter what the original intention of the inventor was. What matter is what the users eventually use it. I invented the hammer to put nails through wood, but people started to kill each other with it. Got it???
Or maybe you are not getting it... I have a brother who always says: why are people so difficult. My answer: Ever thought that maybe YOU are difficult.
I already posted many times on ET, and will now poist it a last time: I never invest in scams. I make more money with much less risk in daytrading the ES. I would be an idiot if I would opt for BTC instead of ES. You say Deaddog does not get it. You have the same problem. You don't get it either. Even my children can read and understand what I wrote above.
First problem is the first word of the above text. IMAGINE. With imagination you can manipulate everything so that it fits in your story. I prefer reality instead of imagination. Reality is that 2022 was a disaster for BTC. BTC would go up to 100K or even to 10MM, depending on your imagination. And you want to replace the government controlled system by an anonymous system controlled by crooks? Did you ever ask yourself why famous people get paid millions to make publicity for crypto's, telling people they should invest in crypto's? A successful product does not need that, but for a scam it is essential to succeed.
Again a post based on IMAGINATION. You have no hard or high probable proof of that. That's typical for crypto diehards, they make up stories about what will happen in futur. If all of you are so good in predicting the futur, why did Baron make 23 disasterous and losing trades? If he even has no clue when BTC is low or high, how can he make any reliable prediction about the futur? These 23 trades were based on the prediction that BTC would go up. 23 predictions in a row that failed.
You people sure have a lot of mental bandwidth to go back and forth about this crypto. Personally, I believe in the space, but I'd rather invest in actual companies that can take advantage of the tech like Visa or some other payment processing (paypal, etc). Putting too much into crypto itself, nah. I don't know if historically people have made fortunes holding on to non yielding assets.
I'm not sure it's that simple. There is the matter of risk control. Most of the trader interviews and biographies I've read over the years focused on risk; the need to understand it and control it as much as possible. I don't recall any consistently successful traders I read about who embraced risk; that seems to be the purview of excitement-seeking blowup artists. And so, seeing how wild and particularly unpredictable the ride can be with cryptos, those traders who place a premium on longevity may choose to opt out. From the outside looking in, it appears that cryptos are being held up by little more than hot air. Sure, there are people in the crypto space who are much smarter than, say, people like me. But there are also much smarter people who don't buy into the premise. And so, the rest of us have to choose which group we side with. Erring on the side of caution seems prudent, especially when some of us don't even buy into the premise ourselves, coupled with the potentially extreme price fluctuations.
Give Baron some dog turd, and he'll wrap it up nicely and sell it for a lot of money. He has a story for everything. He will not lose any money as long as he does not sell BTC. But if the real estate prices make his house worth much more, then that's a profit. But if we follow his earlier logic, his house has no added value, because it was not sold. Or does he finally agree that at this moment he is losing over $77,000... Why are all people who don't agree with you haters??? All products that you mentioned have real practical use in my life. NTC has no use at all. It is just some code. About your "resist new technologies and ways of thinking". I see that we in Europe accept faster new technologies then you. We pay 99% of all our payments with a bank card or with our phone. So no cash and the prehistorical cheques that you still use don't even exist anymore for over a decade. Maybe read this: In March of 2000 the Gramm-Leach-Bliley Act extended the banking industry's ability to offer securities and insurance services through the creation of financial holding companies. This banking reform now affords U.S. banking institutions the opportunity to provide a broader and more competitive array of financial services, more like banking institutions in many other developed nations, including those in the European Union. Cassette tapes, fax machines, newspapers on your driveway delivered by the paperboy, and physical buildings called banks that hold metal coins and paper bills we know only from seeing them in american movies.