Great mind, left us too early - still the leading contender for being Satoshi. I've capitulated and just DCA'ing into BTC and framing it as 'insurance' against being a complete 'too smart for my own good' moron. Credit to the maxi's for meme'in BTC into existence. I'm not a fan of DT and think he's a con-man but to his credit, like Bitcoin maxi's, he lives in an alternate reality. BTC is much more credible, increasing looking like a force for good and not just a speculatory instrument. Also giving a shout-out to @johnarb for being an unwavering cheerleading maxi in this forum. His older posts got me interested and while my returns aren't stellar by any means, my BTC profits have funded several years of living expenses. In the Post-Modern Age of Novelty, a durable viral meme is a superpower. Arguably, BTC has that crown too.
[Blackberry has entered the chat] Yes. I just don't want to be gaslighted with bullshit. If it is a meme stock, fine. But I don't want to hear about how it is revolutionarizing payment and shit, specially when 80% of the original claims are NOT TRUE. So if Johnarb says:"hey get into this Ponzi because it has always gone up", I am fine with that argument. But don't tell me 21 billion of anything is a unique thing.
I'm guessing he blocked you based on opposing views on Palestine... His new book "The Fiat Standard" according to him is much better. I have it on Audible but have not started, yet Lyn Alden's book "The Broken Money" is highly recommended, I also have it on Audible and started listening (1.75x speed) but get distracted with other stuff, mostly spending time with the kids, lol
Thanks for the recommend, will put them in the queue. I've been making the lifestyle change of walking more, listening to great content makes the time go by quickly.
I think that even if you account for similar moves, ie. up, down, up, down, when you look at the percentages involved, it paints a whole different picture. There was no way to know in 2012 for example where bitcoin would go. I was buying silver at roughly $300 for a 10oz bar. I considered buying bitcoin, but I didn't quite know how, and thought I'd be arrested at some point. Silver dropped quite a bit after this, and so did bitcoin, but look at where we are now. So even if the cycles match, the end result is quite different. So this is what I was thinking. Bitcoin I'm learning is also the first to sell off. It has amazing liquidity, and hence people take advantage of it. Nobody sells a property because the friction costs are huge, but this also means that it artificially maintains its price for a while. There are some very good videos by Parker Lewis about why Bitcoin isn't a hedge. Its been a while since I watched them, so can't make specific points, but this guy is super smart, so if you're curious, give them a watch. Other posters have covered this point quite well for me and got it bang on. I do wish he toned his language down a little bit, but in other posts where he and schizo got into it, I could almost understand where he was coming from. I think its a bit of a stretch to assume what you do simply because I liked a post that he wrote, but I'm fairly certain that you are still probably mad at me over a disagreement we had over the genocide in Gaza. And that's ok, I understand that we have different viewpoints on this. As for help with trading, I do think your statistical model is excellent, and I see how it helps you develop the confidence to take a trade or stay in a trade. But I do notice that on some days you don't post, so I'm not sure if you're too busy to trade, or if the trades that day were crap. We have discussed many times about how difficult it is to get a sense how anyone is trading given that we generally only see the wins. You're of course free to post how much or how little you want, but my point is that you're also not giving the complete picture, so its difficult to get a sense of the complete picture. I mention this because I see you have taken some swipes against hilmy, and I'm not sure why this is. Honestly LF, I think you're a great guy, and you're likely finally doing well these past few months so that's awesome. All this other shit we are arguing about makes no sense to me. The women reading these posts are laughing at us guys for dropping down to play their game of causing shit and getting everyone all emotional. I guess money is a very emotional thing, and since us guys have to do all the providing, having money or not having money is a weakness for us guys.
Its interesting to me that when we ourselves are correct,we tend to call it research,conviction,foresight etc.When its someone else,we tend to be sure its dumb luck.
When the mobile phone came out,it was decidedly inconvenient to carry around.It was like carrying around a backpack. I feel like you would have been quick to write it off as something that would never evolve and would therefore never reach a mass audience. The key word for you is 'evolve',and while you might be quite cocky with your opinion right now,its likely going to age poorly and make you look silly.
Off topic,but Ive found that some good,healthy,alone and audiobook time is the sauna too. Have one in my house now and try to use it daily with a following cold plunge.
no not just someone else. This is a person who’s never bought a stock outside of like his 401k. But yes he does think he’s a genius. Lol