The easy solution is to just divest the alts and put it in safe investments like gold, silver, land and... BITCOIN.
Holy fucking shit cAPSLOCK. Do you require a bat slappening to get you to snap out of your seeming delusion to depriortize bitcoin in your above list of supposed good investments.
Your thinking seems to be muddled.
Did you forget where you were,
brandon?
hahahahahahaha
......... run to the safety of hard assets like precious metals, real estate and BITCOIN.
oh my... You did it again...
As usual you are not reading my context.
I read your whole fucking post.
Does not mean that I understood it, though.
hahahahahaha
My point is RETAIL (not the WO thread) is NOT interested in BTC right now.
You're starting to sound like Torque with broad generalizations about this that or the other.
Not necessarily a bad thing... even though you are likely to get some push back, even if you might be correct.
By the way, my anger had to do with another angle of trying to mention those other lame investments of gold, silver and property as if they were equal in any kind of significant/meaningful way to bitcoin... why didn't you throw equities in there? who knows?
I will concede that property can really be a decently BIG contender to bitcoin, especially for it's potential unique characteristics, including that it may well be located in a place that you need or want it to be... or it could have some only one house can be located at this place where the mountains meet the rivers meet the ocean meets the city view blah blah blah.. so long as you do not mind some of the potential attack vector and lack of mobility aspects that relate to property, too.... .
yet, we likely realize that way too much monetization of property has already occurred that causes it to currently have/retain way more monetary value/price than its actual utility - including the various ways that debt is rolled through property too in terms of large entities acquiring a lot property as well - so sure the bubble can keep going for a decent amount of time.. .yet property still likely ends up having way more actual value than gold and silver just in terms of some of the ways that it can end up being scarce and even have a bottom in terms of how low it will go even though it does have maintenance costs (some of which can surely be deferred during more trying times).
They have not been since they bought between 13k-20 in 2017, held and lost at least half their money when they got out, or shifted into garbage coins.
There could be some truth in what you are saying, but I would still question some of the broad-brush aspects of the way that you are framing the matter.
Institutional buyers have been filing in over the last 5 years, and some of the smarter one offs. Billionaires, home offices and the like.
Sure.. seems to be happening somewhat like that... including increased financialization vehicles that allow them to more easily get in.. even though some of them might end up getting overly exposed to third parties when they might well be better off holding more of their own keys, even if they might choose to NOT hold all of their keys.
I would say the average WO denizen is somewhere between 20-80% in Bitcoin. But the average monkey jppg buyer has less than 5%.
Sure.. could be.
The list I am making saves the best for last and puts it in all caps.
But land and precious metals are also going to be safe havens in the coming storm. The riskiest of the three is land, with bitcoin coming in second. Metals are not risky, they are boring and reliable... and may just hold their relative value at best.
Maybe I just don't like how it looks when you write it out like that?
I cannot help myself to get emotional about that presentation style.
I personally have a small cache of silver and gold,
You redundant fuck!!!!
and own my own home.
Not going to blame anyone for that... .or even owning a few homes and even business, industrial, agricultural property that generates income, too.
I am not going to reverse mortgage my home to buy Bitcoin, and I do not need to.
No problem, either way.. guys can make choices about how to employ debt, even though it might not end up working out for them if they do it in a bad way, but the use of various kinds of debt is surely discretionary which means that hopefully, each of us is going to decide based on adequately considering our individual circumstances.
The rest of your post is good enough including the reference to various scenarios. I should clarify my moderately bearish up/down/sideways numbers are meant to be interpreted as VERY short term.
Let's not get all lovey-dovey about this.
I think right now we are biased to choppy/down scenarios. But I do not think we go very far down... we are right around the 200DMA currently. And with a good non trivial chance at going up from here.
I think that you are referring to the 200-week moving average (which is just below $22k currently).. The 200-day moving average is somewhere around $45k..
Yeah it would seem difficult to stay close to the 200-week moving average for a very long time.. but weird shit like that has happened before.. and surely we cannot always know how much some of varying macro factors or even the desires of battle participants (namely bears) can end up being capable of employing way more ammunition than they should be capable of employing..
We likely do not see these kinds of matters too much differently, even though surely guys can frame the matters in different ways and also attribute likely success of certain battles in different ways too.. including that sometimes actual technical indicators get broken on purpose.. but still might be questionable about the extent to which the break might be sustainable.. and we cannot always be sure if one side or the other might have more ammunition in reserve or if they might be running out of ammunition.
The reason for this is the macro environment is horrifying. Ultimately this makes Bitcoin more valuable. Bigly so. But maybe not during the next month.
I cannot disagree without making shit up, here.
I will also point out that while you call me dumb over and over, I was here at this forum years before you,
Oh gawd.. I hope you are not trying to pull the rank card.... and yeah.. probably this should just be read as a kind of longevity fact that may or may not be significant in the scheme of things... some people persist with bad ideas for a long time even if they have been studying a subject for a long time.. I am not even talking about you.
Another thing is there are various times that each of us has called the other one dumb, so sometimes those are just negotiation devises - and likely not even about the person, but more about the ideas.. even though sometimes the ideas repeat over and over.. so it is not likely easy to really determine whether they rise to the level of objectively dumb... and surely both you and I likely run more risks of saying dumb things because of lengthy posts and even this particular post of mine is being made quickly because I have an appointment that I need to go to, so I am kind of rushing certain aspects of this response... you dummy
(#nohomo).and I expect also "in bitcoin" then too... Dumb luck I guess. (It really was... but so was yours
)
Well, yeah I came to bitcoin out of a kind of luck too.. In late 2013, I was right in a position that I was researching into investments that I thought would potentially complement my then existing holdings and to attempt to somewhat diversify away (or hedge against) the dollar-related investments that I had, so in that regard, my mindset seemed to be in the right place and also my ability to deploy finances (reallocate or whatever it was that I was doing) was also in a decently good and fitting place for bitcoin.. and yeah, I did not go in whole hog.. so it probably took me a year or so to get somewhat comfortable, even though the learning journey is ongoing.
I expect that each of us are learning, and I have some memories of some of your earlier content as well.. no need to look back, unless I am feeling that I might be mixing you up with someone else (which also happens from time to time when there might be some similar personalities and then mentally I end up lumping them together in my mind, even though some of the details might have been different - to the extent that any of that is important anyhow.. except to make the point that some of our views are likely to change along the way.. and also the extent to which we acted upon some of our views may well have changed along the way.. including how aggressive (or convicted) we might have been in bitcoin.. and also if we invested aggressively or a common theme of getting distracted into various shitcoins which some guys have done more than others... and probably varying levels of success with those sometimes off topic deviations that could end up affecting how they view bitcoin or even how they went about investing into bitcoin (including various ways to attempt to manage risk that may or may not have ended up playing out well).
Poll
