Ahh, the John McAfee promise of $1M or eat his own dick. John is dead now Nah, dude, I never posted such a promise or statement, those public predictions with cutting off dick if doesn't happen do not benefit anyone -------------------- Let's expand on that, though I put money on the line Probabilities game Our family has a substantial investment in Bitcoin. Currently it's 15 btc (may fluctuate based on other crypto assets conversion to btc) but in today's price, let's just say $600K investment I have a Bored Ape NFT so it lowered our btc holdings ----------------------- $600K investment in Bitcoin on 4/22/22 Date 1/1/2025 and price of BTC is lower than $500K per BTC $50K - $499K = probability %? $20K - $49K = probability %? $0K - $19K = probability %? Three possible outcomes from my point of view 1. which has the largest range of prices is the one that will benefit us financially 2 . will be a financial nuisance for my family, but not a horrible outcome 3. will be financial disaster for us and if btc is $10K or lower, I may have to go back to work [3a. Our Bored Ape may turn out to be very profitable as it becomes the most successful metaverse or another crypto in our portfolio makes a substantial amount of gains, so not bad' -------------------- If you're a no-coiner ET and you think a price of $100K on 1/1/2025 is bad because you want $500K/btc that is part of your problem You're too fucking greedy
It's not worth to argue with them. A cult of religious zealots, who sees only positive. Waste of time and nothing more.
Nobody goes to the stock market for safety; but you know this I assume. You go to the stock market for risk relative to reward. Investing in one stock is risky. Investing in a diversified basket of stock and bonds over longer time periods is much less risky; but you know this I assume. Bitcoin is pure speculation at this point and very risky; I get the feeling you do not know this.
Actually, Bitcoin is a very good risk-reward investment asset, I get the feeling you do not know this So you do not think Stocks are a safe investment asset class, with all the sales pitch of DCF, free cash flow, growth, cyclical markets and all that jazz What in your opinion is a safe investment then? Bonds? Junk bonds, treasury bonds, munis? You probably have a nice 60/40 portfolio allocation, then, you know to balance risk How's that bond performing in your barbell approach? ------------------- If you study Bitcoin for 100 hours, then you can lecture us on the riskiness of Bitcoin as an asset class I know you did not study Bitcoin for 100 hours. I do not know of anyone who did the work and is negative on Bitcoin
You could I traded Bitcoin and cyptos on price action, but with a long-only strategy and long-term investment mindset Bitcoin and cryptos gave my family financial freedom Before Bitcoin and cryptos, we were living paycheck to paycheck with lots of credit card debts and car payments Now, we have 6 figures $ in bank accounts and paid off all our debts and still have our crypto assets portfolio I quit my job and now spend time with my family, and doing research on cryptos ecosystem and markets and I'm a crypto yield farmer. Oh, and I also shitpost and argue with anonymous posters on ET ----------------- With all that said, we're doing well and don't need to change our current strategy that is working
Then what’s with the seemingly irrational posts? Your constant cheerleading is as cringey as the tirades of a person like Pekolo who posts like Bitcoin stole his wife. You got into Bitcoin early and are now comfortably playing with profits. That is the carefree mindset of a winner. Or you could just be in a state of euphoria. Who knows. All the same, I enjoy reading your posts and your interactions with people who disagree with you. Wishing you continued success.
Nothing is completely safe. It's a continuum. Treasury bonds and cash on one end and things like penny stocks, junk bonds, and bitcoin on the other. But nobody can predict disaster. And nobody can predict investing success in a relative sense either. I've done well over my lifetime but it could have ended differently. If you are correct about Bitcoin I will certainly be the first to congratulate you; I just don't think it will end well for Cryptocurrencies in the long run. If I was in my 20s I might put 5-10% of my money in Cryptos as a gamble (though not at current prices); but no reason to gamble when you have what you need.
Thank you for the well wish and I also wish you continued success This will be difficult for others to relate to, but I will try When you buy Bitcoin, you do not have to do anything more You get someone like Michael Saylor constantly buying Bitcoin and pumping it up both with money purchase as well as talking it up in the media whenever he's given the chance. You can search Michael Saylor on CNBC and Bloomberg and other financial publication You get a bunch of people to convince a whole country El Salvador to adopt Bitcoin as legal tender. Imagine the infrastructure that went with that You get NYDIG who signs up over 1000 US banks and credit unions to offer Bitcoin You get Paul Tudor Jones to write a thesis on Bitcoin as investment and inflation hedge You get Stanley Druckenmiller talking positively about Bitcoin and how he wished he had gotten sooner You get Kevin O'Leary who put a good amount of his net worth and talks about we so fucking early in Bitcoin and cryptos digital assets You get Raoul Pal going all in with his liquid net worth into crypto digial assets You get Ray Dalio who says he'd rather own Bitcoin than bonds You get PayPal adopting Bitcoin and cryptos assets You get Visa and Mastercard integrating Bitcoin and cryptos You adoption in Spain and Swiss bank and Australian bank and Portugal and German banks You get George Soros fund investing in Bitcoin and crypto assets You get US lawmakers protecting Bitcoin and crypto digital assets You get Tim Cook investing in Bitcoin and crypto assets You get Elon Musk buying Bitcoin for himself and for Tesla You get Mercado Libre, and Ricardo 3rd richest man in Mexico You get Jack Dorsey a Bitcoin only maximalist And many many more ----------------------- What you don't get are the people on ET who constantly fud Bitcoin and crypto assets as bubble and ready to crash to very low prices As a Bitcoiner and investor in the crypto assets space, I have a responsibility to defend against fud Think about it, if constant fud is being posted on ET, don't you think it could have the effect of swaying people away from investing in Bitcoin and crypto assets? CNBC and Bloomberg and many many people from the financial world, like Jamie Dimon and Warren Buffett and Munger affected many retail people to stay away from Bitcoin for many years You should see CNBC coverage of Bitcoin when it first crossed $100, how negative it was Even Michael Saylor himself was a big critic of Bitcoin before he studied it Even Kevin O'Leary talked so much shit about Bitcoin and cryptos for many years ----------------------- Should I stay away and be euphoric and not post all the adoption that's happening as Bitcoin and crypto assets take over the financial system world? Should I just let all the ET salty people like Pekelo constantly bash and fud Bitcoin and cryptos? https://pomp.substack.com/p/bitcoins-information-insurgency?s=r Listen to this podcast and you might understand why I am the way I am