I borrowed 7% of my margin account to buy NXT, the second ever ICO, in 2013. I sold options to pay the loan off. My crypto is now worth more than my securities account. I see it as a hedge against monetary debasement and a venture capital investment.
Ah ok, you blame him when he goes through low return years but the gains he scores you attribute to someone else. Got it.
Yes please explain why dogecoin is possibly a store of value right after it dropped 50% in mere days. Lol
Nonsense. Taleb knows more about options trading and pricing and an edge in markets than you will in your entire remaining lifetime could acquire in knowledge. If you actually read HIS technical books on markets (dynamic hedging for example) instead of reading too much into his colleague sharing a factual observation about the nature of tail hedge trading you would understand that. Low period returns is a vital part of tail hedge trading.
Journalist lol? Spitznagel is the literally the person who runs Universa, that fund you said made 3600%. Run as in the CIO and taleb joined that fund, and a I quote Spitznagel, "stricly-hands off, passive capacity"
Please read my post again I edited it. Fact remains, low return periods, very long periods are the name of the game in this specific strategy. The payoffs are extremely high and far in between. It may not be suited to you but that does not automatically make Taleb an inferior strategist and trader. Have you worked at any trading desks before, EVER?
I believe @DiceAreCast aka volpunter is just a little angry that anyone would dare criticize her idol Taleb at all, considering she has just newly bought a Taleb shaped dildo to worship during her daily prostrating in front of her Taleb shrine. @DiceAreCast has a lot of free time on her hands being retired, oops I mean working at Walmart between shifts.
Summary of Taleb's tweets about bitcoin: https://markets.businessinsider.com...eculative-bubble-2022-1?utm_source=reddit.com 1. "Bitcoin is a contagious disease. It will spread and its price will rally until saturation, when every sucker stupid enough to buy the story is invested. Bitcoin is not competing against 'fiat' currency. It is competing against the thousands of other sucker products that are born every year." (January 17, 2022) 2. "Almost nothing in financial history has been more fragile than bitcoin." (July 3, 2021) 3. "Bitcoin has been a magnet for imbeciles." — blasting critics who accused him of being too rigid in his views about bitcoin, even though he shifted from being excited about its potential to deciding it was worthless in 2020. (July 30, 2021) 4. "It may interest some for speculative purposes, but anyone who claims that bitcoin is a hedge against anything, financial or otherwise, is a certified fraud." (September 20, 2021) 5. "Bitcoin is no hedge for adversity, inflation, or deflation. Bitcoin is no currency. Bitcoin is nothing." (December 4, 2021) 6. "BTC is an awkward, clunky, and already obsolete product of low interest rates. It should collapse with inflation." (December 28, 2021) 7. "If you still think that bitcoin is a hedge against world events, or represents 'diversification,' you must stay out of finance. Take up some other hobby such as stamp collecting, bird watching, or something less harmful to yourself and others." (November 26, 2021) 8. "I am not 'bearish' on bitcoin. It is a tulip bubble (without the aesthetics and disguised as a 'currency'), hence it is as irrational to buy it as it is to SHORT it, perhaps even more. Gabish?" (October 21, 2021)