As I stated, it’s not for the conservative investor. And I apologize sincerely for getting on your lawn. He’s your foldout newspaper sir. Don’t forget your Metamucil today.
OT: Crypto
- Thread starter MaroonOil
- Start date
As I stated, it’s not for the conservative investor. And I apologize sincerely for getting on your lawn. He’s your foldout newspaper sir. Don’t forget your Metamucil today.
Will you go to the internet based banks and get all of your cash on hand they have store in the vaults to cover all accounts?
Wagstaffs to Wyoming.***
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You can summer in Wyoming and winter in El Salvador.**
In seriousness, I have mentioned this before. It's silly to compare BTC returns to the S&P. BTC is still just a speculative position. Much like Tesla or Roku. No serious investor would ever recommend more than a 5-10% position in BTC, TSLA, or ROKU. But 70-90% of your investable assets in the S&P is reasonable for most people.
So if you want to compare BTC pick individual stocks, not the entire market. Gold itself is fine, because it to is speculative.
The reality is most of the truly incredible gains that BTC has experienced were prior to 2018. Since then at has acted like a speculative growth stock. See below, the orange line is BTC.
Last 3 years BTC vs TSLA
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BTC vs ROKU last 3 years.
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BTC vs TSLA since 2020
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So while Bitcoin has offered wonderful gains, it doesn't really outperform everything. When you compare it to something as volatile and speculative as BTC, it looks similar.
View attachment 21311
You can summer in Wyoming and winter in El Salvador.**
In seriousness, I have mentioned this before. It's silly to compare BTC returns to the S&P. BTC is still just a speculative position. Much like Tesla or Roku. No serious investor would ever recommend more than a 5-10% position in BTC, TSLA, or ROKU. But 70-90% of your investable assets in the S&P is reasonable for most people.
So if you want to compare BTC pick individual stocks, not the entire market. Gold itself is fine, because it to is speculative.
The reality is most of the truly incredible gains that BTC has experienced were prior to 2018. Since then at has acted like a speculative growth stock. See below, the orange line is BTC.
Last 3 years BTC vs TSLA
View attachment 21312
BTC vs ROKU last 3 years.
View attachment 21313
BTC vs TSLA since 2020
View attachment 21314
So while Bitcoin has offered wonderful gains, it doesn't really outperform everything. When you compare it to something as volatile and speculative as BTC, it looks similar.
Of course, not. It's end times. I'll be going around hunting stray dogs with a makeshift blowtorch.
Here is the .5 rejection. This thing is all over the fibs.
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Watch 42500ish if she falls that low. That's the .382 retracement and it's in line with the last pullback. If it holds as support it's a good entry point. CNBC is pumping crypto hard this morning, so I feel a little contrarian. If the .382 fails, it's going to look awful Head and Shoulderish.
View attachment 21315
Watch 42500ish if she falls that low. That's the .382 retracement and it's in line with the last pullback. If it holds as support it's a good entry point. CNBC is pumping crypto hard this morning, so I feel a little contrarian. If the .382 fails, it's going to look awful Head and Shoulderish.
JoeLee'sSocks said:
I moved to a bitcoin friendly jurisdiction around $10k last year.
And I notice your comparisons are 3 years or less. 3 years isn’t a long enough time to hold bitcoin with its 4-year halving cycles. I’ll bet bitcoin does better over the next 10 years than TSLA and ROKU. And by bet I mean I hold a lot of bitcoin and zero TSLA and ROKU (other than index exposure). Of course I could be wrong. But I’d rather own bitcoin than individual stocks in any case.
But I don’t think individual stocks are a good comparison anyway. Nobody on this board has the % exposure to TSLA and ROKU that I’ve had in bitcoin since $3.5k. If so, I want to know about it lol. There’s a big difference in an asset that aims to make a profit and an asset that aims to be sound money in a world of unsound money.
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I was in on the ROKU run up last year & dumped it. Haven’t looked at it sense, too much competition on all the streaming if you ask me.
I am more ‘exposed’ then you in TSLA if that is what you want to call it Quincy. I don’t see it as such. I got a lot of TSLA in 2017 and have never sold it. I treat it like BTC in philosophy. Elon with TSLA and then BTC I believed back then like I do now. That they would change the world. Call it luck or overconfidence but it has worked out return wise. I finally believe though we are seeing the real progress that is changing the world.
Anyways, I think online gambling is going to be the next big thing. Bought heavy heavy into Draftkings IPO & anything related
I am more ‘exposed’ then you in TSLA if that is what you want to call it Quincy. I don’t see it as such. I got a lot of TSLA in 2017 and have never sold it. I treat it like BTC in philosophy. Elon with TSLA and then BTC I believed back then like I do now. That they would change the world. Call it luck or overconfidence but it has worked out return wise. I finally believe though we are seeing the real progress that is changing the world.
Anyways, I think online gambling is going to be the next big thing. Bought heavy heavy into Draftkings IPO & anything related
Looks like there's many ways to do it from importing into Turbo Tax to using your own transaction history to find your basis. I use Turbo Tax so I guess if I sell it's nbd.
Thanks.
Thanks.
The online gambling thing intersecting crypto is interesting. Augur is doing this I believe. The idea is if a sufficiently automated protocol was built to take and grade bets, the profits of the protocol could be distributed to token holders instead of a bookie service. No idea what the SEC would think about it. Augur is unavailable to use in the States but available elsewhere.
Keep an eye on Thales. Decentralized binary options market (basically pick between 2 outcomes). Spun off of Synthetix.io and just launched. They are expanding into sports betting in addition to other equities/crypto. Already had some Olympics betting markets up.
Basically open to anyone to use anywhere over ethereum (permissionless). UI still needs some work, at least needs a simplified version. They’ll start airdropping tokens to synthetix stakers soon if you’re involved with that.
Currently on ethereum so gas can be an issue. Imagine will launch on ethereum level 2 Optimism at some point given Optimism is partnered with Synthetix which should help with fees.
https://thales.market/markets
dorndawg;[URL="tel:1947441" said:
Jackson, Mississippi is the only state capitol built on a volcano.