Interesting article from the traditional investor point of view, 6 months to a year ago the recommendation was a max 1%-2% of exposure to bitcoin. Still early days. Therefore, for investors with low- to mild-risk tolerance, perhaps a position size of 3-5% of total portfolio holdings may be appropriate. For investors with higher risk tolerance, a position size of 10% or more of total portfolio holdings may make sense.
https://seekingalpha.com/article/4392760-bitcoin-this-time-really-is-different
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I don't mind the other days because I feel confident where btc is going but man oh man green candle days are just so much fun. Still DCA'ing.
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I think at this point most working in the financial area are going to be aware of btc and how good it is. They may not be maximalists like here but I think it quite likely they continue to trash talk while accumulating. This is fine. The people that are going to lose out are the typical retail investors that haven't bothered to educate themselves to any depth about it, or the larger part of the world's population that doesn't have a pot to piss in and are unbanked. So, new elite from btc, but still a category of elites.
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At the risk of jinxing it I'm pretty stoked that we seem to be holding around $16k so far. Though to be honest you'd think the paypal news would have had more influence if hodlers really were in control. The world needs tarders too I guess to misquote one of the world's most important philosophers.
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..... he isn't the president elect. He hasn't been certified the winner of any states yet. And since you're bringing up Al Gore, remember that the media prematurely declared him president elect in 2000 as well.
Dude, I get it. Your guy didn't win. I, and the majority of the voters, were there 4 years ago and I/we know it hurts. But being in (what looks like) denial about it does not help the process of moving on. Yes, you are right, the media ended up getting it wrong in 2000 , though they missed the mark by an infinitesimally small amount. (less than a thousand votes) "Once bitten, twice shy" as the saying goes. It's why they didn't call it yesterday. I'll level with you. I think there was widespread voter fraud and shenanigans. I still have just enough trust in our American system to believe that any illegitimate votes will be nullified, one way or another. I find it odd that, for the 2016 US Presidential election, more than 71 million people tuned in to watch it on television but for the 2020 election only a little over 59 million people watched. A record number of votes were cast for this 2020 election - in fact, this election had the highest voter turnout in 120 years - but somehow that didn't translate into a record number of viewers tuning in to see how their chosen candidate made out. I haven't watched network or cable TV for more than a decade at this point. It's all streaming on demand. News I get from yahoo, reuters, etc. You better believe there were a record number of viewers on this election, just not necessarily watching television. Also don't really get the voter fraud angle, it's the default goto for the right whenever they get pissy about something, and every single time it's shown they were wrong about it. Voter fraud is such an infinitesimally small problem that it almost doesn't exist, and chances are equal that it will be someone on the right or left that does it. Now voter suppression on the other hand. That's real. I'll give you 2 guesses which side of the ideological divide dominates that in the USA. https://www.thenation.com/article/politics/texas-voter-suppression-covid/
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Sitting senator Kelly Loeffler, previous CEO of Bakkt, is on the chopping block. She has a run-off in January. Of course it has to be one of the most pro-BTC senators to [possibly] go. She's a nutjob. Bitcoin is inevitable. She's not needed.
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Bank of England extends QE program by £150 billionThe Bank of England on Thursday decided to extend the size of its bond purchase program by £150 billion as it warned output would fall in the fourth quarter amid the lockdown that starts in England today.
The unanimous Bank of England decision kept interest rates at 0.1%, and the extension of its quantitative easing program brings the size of its government bond purchase program to £875 billion. US Fed: Here, hold my beer.
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Always with the weird psychological hurdles at round numbers.
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I may not be able to retire earlier than I would have otherwise, but hopefully my kid will be able to. That's what matters to me. Inter-generational wealth opportunity that we have never seen before in all of history.
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I know that many of us mere mortals have difficulties understanding how anyone could feel that they do not have enough bitcoin if they have close to 18k of them and also own overwhelming majority in a company that owns more than 38k BTC... Just have difficulties understanding how that quantity might not feel like enough. Or is it just me?
It's not just you. At that level it seems less about bringing freedom and securing a future than it does about collecting the world's wealth into yet another segment of the uber rich. A sort of tech version of the Cantillon Effect. I'm not saying I wouldn't do the same if I had the resources but it's kind of kicking sand in the BTC narrative of equality and opportunity for the unbanked. Just more of the same story of the rich getting richer, anyone arguing otherwise maybe isn't looking at it from the point of view of the masses. Wherever you land on that argument I'm guessing that level of accumulation isn't something most of us would make public. That's kind of what I have been thinking - like he is doing more than just getting a meaningful stake in BTC, and maybe I am just having difficulties relating to that level of rich - even though I can relate to the idea that none of us should want to have our wealth eroded away. Regarding disclosure, maybe he felt some kind of duty (or potential legal obligation) to error on the side of overdiscloser - even his personal hodlings - I am not sure.. of course, he did have obligations to disclose matters to shareholders, and maybe since the shares are public rather than private, anyone could end up being (or becoming) a shareholder, so his personal stake in BTC may well be relevant to that matter.. I am not sure. Good point, didn't think of that. Still, I'd expect public disclosure to be in the form of a filing, not a tweet. Maybe as you say it's erring on the side of caution for him.
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I know that many of us mere mortals have difficulties understanding how anyone could feel that they do not have enough bitcoin if they have close to 18k of them and also own overwhelming majority in a company that owns more than 38k BTC... Just have difficulties understanding how that quantity might not feel like enough. Or is it just me?
It's not just you. At that level it seems less about bringing freedom and securing a future than it does about collecting the world's wealth into yet another segment of the uber rich. A sort of tech version of the Cantillon Effect. I'm not saying I wouldn't do the same if I had the resources but it's kind of kicking sand in the BTC narrative of equality and opportunity for the unbanked. Just more of the same story of the rich getting richer, anyone arguing otherwise maybe isn't looking at it from the point of view of the masses. Wherever you land on that argument I'm guessing that level of accumulation isn't something most of us would make public.
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Hmmm, back to hodlsleep I suppose.
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I know, it's a controversial position, but on the whole I tend to really enjoy up days.
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Just saw this today, a fun read. Something you can point the bears to when they inevitably start whining about tulips during the upcoming bull run... https://getpocket.com/explore/item/there-never-was-a-real-tulip-feverIn fact, “There weren’t that many people involved and the economic repercussions were pretty minor,” Goldgar says. “I couldn’t find anybody that went bankrupt. If there had been really a wholesale destruction of the economy as the myth suggests, that would’ve been a much harder thing to face.”
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Humpback Whale = 5000 BTC or more Whale = 1000 - 5000 BTC Shark = 500 - 1000 BTC Dolphin = 100 - 500 BTC Fish = 50 - 100 BTC Octopus = 10 - 50 BTC Crab = 1 - 10 BTC Shrimp = less then 1 BTC
seems to me that we need new categories.. I am not sure how far down, maybe down to 1 satoshi? Shrimp = 0.1 < BTC <= 1 BTC Krill = 0.01 < BTC <= 0.1 BTC Bacterioplankton = 0 < BTC <= 0.01 Brain eating amoeba = 0 BTC
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I mean, this is why we are supposed to have dry powder at the ready, right? Or if you are already all in then just stay away from the daily discussions and hand wringing.
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Dave Portnoy: talk about the ultimate day tarding weak-handed fool. https://twitter.com/stoolpresidente/status/1296910690930896896He couldn't handle crypto for what, like a few days? Now he's saying he only invests in stonks because "stonks only go up." Holy shit, not only is he going to get crushed one day, but so will all of his followers. These cult of personality types seem to be rampant in investing.
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Packs of leftists are LITERALLY feeding on the livers of innocent people while still inside their bodies.
Well, I mean, it *is* the best method to preserve freshness.
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