I remember when Buffett was asked why isn't he shorting BTC when he says it's going to zero. First, Buffett said shorting on margin was too dangerous and he wasn't going to do that. Second, he said that there were no PUT LEAPs with a 5-year duration. That said, baring in mind that in the entire history of BTC, NO ONE, even the WORST market-timer has lost even a penny in any 3-year time-horizon. So let that threat to shorters sink in... To add more pain to Buffett's statement, even his partner Munger keeps talking how the US dollar is also headed to 0.
thing is, you can shittalk all you want IF you have the balls to do something about it. I am not Buffet, you guys aren't Buffet and if anyone here thinks he needs to copy Buffets style because he's the greatest investor of all time, well then you are dreaming. This guy has more ways to structure bets that you'd ever imagine and if he wanted to get his hands on put LEAPS he could just walk over to GS, MS or JPM and get a goddam 5y put LEAP. These guys will continuously hedge the book with CME BTC options so there is no single reason to not do the trade. Again, what Buffet does is none of your concerns. You cannot trade the way he does and you don't need to do that since none of you (or me) has to manage a billion dollar fund and all the shit that comes with it. You have to sit in front of your screen facing reality when you look at your net liquidation value of your account and ask yourself ONE question: HOW DO I MAKE MONEY RIGHT NOW? How do I grow my 10.000$ piker account that goes +/-2% each month into something meaningful. Forget about that "20% p.a. is good because not even the biggest hedgefunds can average that per year" You're not a fucking hedgefund, you have 10.000$ to your name. Perhaps, when you actually learn how to trade, you can find stuff, that is so mispriced and has such a great risk/reward and at the same time it's so tiny that it's not worth trading it not even for a 20m garage family office. That's how you turn your 10.000$ into 100.000$. Trade nanocaps on a shit exchange like NASDAQ nordic or Warshaw exchange, look at new exchange listing pumps in crypto, opportunity is everywhere. But that doesn't come along with chart reading, orderflow BS indicators and shit. You have to understand the underlying structure of the situation in order to figure out who is making a mistake and why? Does it make sense for a company like APT to have a billion dollar valuation because it sells a 100$ hazmat suit on Amazon during the ebola craze? I don't need a chart to figure that out. But you guys hop on board because "breakout"...yeah, make a couple of cents on it before a guy who understands the situation chimes in and shorts the entire thing from 8$ to 2$ When I started trading options about two years ago, I traded microcap biotechs around FDA dates. Frontmonth expires right after FDA, backmonth still has the same sky high implied vol and why? Because the lazy ass of a MM just threw his standard model at the stock with a cubic splined term structure. Sell the backmonth against the frontmonth and watch the backmonth lose dollars in vol while your frontmonth implodes for a couple of cents of loss. Most recently there was a MM on a minor crypto exchange who was bidding 250.000 USD worth of exchange traded JUN/SEP futures - spreads at 1500 while major exchanges traded the spread at 300. This guy was probably short from 6000 and wanted to get filled or he just forgot to cancel his order. Leverage x250 so you could have taken the entire order with your 10.000$ account. Boom, over 7000$ free profit. The MM probably didn't care. It's just 7g missed profit while he makes 100k/day arbing Binance against FTX and Conbase (pun). What has Buffets opinion on Bitcoin to do with that? Right, nothing. He doesn't care just like other players don't care. But you should care since 7k is a lot of money for you. Now sit down and get to work
well...if you call a billion dollar stablecoin a neat experiment, I don't know what you'll call a normal experiment XD