Search found 255 matches

by bitcoininthevp
Mon Mar 08, 2021 12:57 pm
Forum: Permanent Portfolio Discussion
Topic: COVID Stimulus Passes
Replies: 5
Views: 159

Re: COVID Stimulus Passes

whatchamacallit wrote:
Sat Mar 06, 2021 3:36 pm
If they could some how just send out restaurant and hotel vouchers it would stimulate economy more.
Fedcoin or whatever digital currency they are working on will allow just this. You can only spend these $100 in your account on restaurants.
by bitcoininthevp
Mon Mar 08, 2021 12:49 pm
Forum: Variable Portfolio Discussion
Topic: I think it’s time to move into crypto
Replies: 76
Views: 1234

Re: I think it’s time to move into crypto

If BTC has no use as a collateral asset, then it's usefulness as a store of value is limited. There is no requirement that bitcoin can only be used on blockchains. Bitcoin is acting as collateral to get USD loans for example (Unchained Capital). It is also used as collateral for trading/exchanges. ...
by bitcoininthevp
Sat Mar 06, 2021 6:50 am
Forum: Variable Portfolio Discussion
Topic: I think it’s time to move into crypto
Replies: 76
Views: 1234

Re: I think it’s time to move into crypto

Came across this. Not sure if it’s useful on your quest.

https://www.visionhill.com/indices
by bitcoininthevp
Fri Mar 05, 2021 11:50 am
Forum: Variable Portfolio Discussion
Topic: I think it’s time to move into crypto
Replies: 76
Views: 1234

Re: I think it’s time to move into crypto

I see vincent_c as somewhat new to the space and, yes, my intent was to shed my historical experiences light on his outlook. This is not a fair statement for a couple reasons. Regardless of how long someone has been in a space, can you focus on the arguments rather than anything personal? Regarding...
by bitcoininthevp
Fri Mar 05, 2021 11:32 am
Forum: Variable Portfolio Discussion
Topic: I think it’s time to move into crypto
Replies: 76
Views: 1234

Re: I think it’s time to move into crypto

I've been following this site passively with no intention of contributing, but the recent discussions of Bitcoin have given me a particular itch that I couldn't help but scratch. Bitcoininthevp has been a great resource, but there are some things that I feel need to be addressed, so I will do that....
by bitcoininthevp
Fri Mar 05, 2021 10:52 am
Forum: Permanent Portfolio Discussion
Topic: Bitcoin as a complement or alternative to gold in the PP
Replies: 76
Views: 1350

Re: Bitcoin as a complement or alternative to gold in the PP

Where are you checking premium? Article thinks loss of premium is bullish. https://finance.yahoo.com/amphtml/news/grayscale-discount-might-signal-start-144120660.html You can see here (I think daily, not real time): https://ycharts.com/companies/GBTC/discount_or_premium_to_nav Or here: https://docs...
by bitcoininthevp
Fri Mar 05, 2021 10:13 am
Forum: Permanent Portfolio Discussion
Topic: Bitcoin as a complement or alternative to gold in the PP
Replies: 76
Views: 1350

Re: Bitcoin as a complement or alternative to gold in the PP

GBTC is currently at negative premium, about -8%. So "could" be a good time to buy. Or the days of 20,30,40% premium are over and end of an era. I bought it right before it lost fat premium. Now it keeps eroding. How it could be 40.5 when BTC is at 48k ? Arrrh :-( As long as GBTC and Grayscale (who...
by bitcoininthevp
Thu Mar 04, 2021 6:48 pm
Forum: Variable Portfolio Discussion
Topic: I think it’s time to move into crypto
Replies: 76
Views: 1234

Re: I think it’s time to move into crypto

It doesn’t seem that you are really listening to my points, tbh. I hear what you're saying but perhaps we're not listening to each other. I think what you're saying is basically, even if there are coins where the tokenomics reward token holders like equity holders, the entire sector is in a bubble ...
by bitcoininthevp
Thu Mar 04, 2021 3:16 pm
Forum: Variable Portfolio Discussion
Topic: I think it’s time to move into crypto
Replies: 76
Views: 1234

Re: I think it’s time to move into crypto

It doesn’t seem that you are really listening to my points, tbh. I've illustrated how in the past there have been coins and evangelists of those coins. And then those coins disappear/go to zero. You respond by ignoring that and continue evangelizing. It seems your point comes to liking the idea of s...
by bitcoininthevp
Thu Mar 04, 2021 2:36 pm
Forum: Variable Portfolio Discussion
Topic: I think it’s time to move into crypto
Replies: 76
Views: 1234

Re: I think it’s time to move into crypto

If BTC has no use as a collateral asset, then it's usefulness as a store of value is limited. There is no requirement that bitcoin can only be used on blockchains. Bitcoin is acting as collateral to get USD loans for example (Unchained Capital). It is also used as collateral for trading/exchanges. ...
by bitcoininthevp
Thu Mar 04, 2021 1:20 pm
Forum: Variable Portfolio Discussion
Topic: I think it’s time to move into crypto
Replies: 76
Views: 1234

Re: I think it’s time to move into crypto

This is key, investing in any economy using its token/currency to measure performance requires a belief in the long term for that economy. This is why at the same time I am hedging in DOT, ADA, ATOM, and other smart contract protocols. What smart contracts do you actively use on any of these platfo...
by bitcoininthevp
Thu Mar 04, 2021 10:29 am
Forum: Permanent Portfolio Discussion
Topic: Bitcoin as a complement or alternative to gold in the PP
Replies: 76
Views: 1350

Re: Bitcoin as a complement or alternative to gold in the PP

Cool graphic story: https://cash.app/bitcoin Watch out below. I am contemplating the 1% allocation. Will probably do some deep BTC in GBTC and then Robinhood or coinbase to be able to catch big swings after hours. Thinking rebalance bands at .5% and 2%. GBTC is currently at negative premium, about ...
by bitcoininthevp
Thu Mar 04, 2021 9:51 am
Forum: Variable Portfolio Discussion
Topic: I think it’s time to move into crypto
Replies: 76
Views: 1234

Re: I think it’s time to move into crypto

Like all markets, human psychology is a huge factor in pricing. I would not be surprised if ETH outperforms in the next day, week, year. For example: - ETH is down against BTC 27% in the last month - ETH is up against BTC 27% in the last 3 months - ETH is down against BTC 5% in the last 6 months - E...
by bitcoininthevp
Wed Mar 03, 2021 8:04 pm
Forum: Variable Portfolio Discussion
Topic: I think it’s time to move into crypto
Replies: 76
Views: 1234

Re: I think it’s time to move into crypto

vincent_c wrote:
Wed Mar 03, 2021 7:45 pm
bitcoininthevp wrote:
Wed Mar 03, 2021 7:14 pm
I dont hold much USD.
So what do you use in instead of the cash portion in your PP?
I dont have a PP at the moment as I own no stocks or treasuries. I have gold and cash positions and a bitcoin position.
by bitcoininthevp
Wed Mar 03, 2021 7:14 pm
Forum: Variable Portfolio Discussion
Topic: I think it’s time to move into crypto
Replies: 76
Views: 1234

Re: I think it’s time to move into crypto

@bitcoininthevp Would love to hear more of your thoughts on ETH. I guess a question I have for you is whether you hold any USD cash and why if it is only the 'token' of the US economy. I dont hold much USD. That which I do is for nearer term transactions and the rest basically emergency fund type f...
by bitcoininthevp
Wed Mar 03, 2021 3:21 pm
Forum: Variable Portfolio Discussion
Topic: I think it’s time to move into crypto
Replies: 76
Views: 1234

Re: I think it’s time to move into crypto

dualstow wrote:
Wed Mar 03, 2021 3:15 pm
Today is a good day for showing the non-correlation of bitcoin, zagging while the nasdaq zigs.
Maybe. But perhaps it just dumps in the afterhours.
by bitcoininthevp
Mon Mar 01, 2021 3:38 pm
Forum: Permanent Portfolio Discussion
Topic: Bitcoin as a complement or alternative to gold in the PP
Replies: 76
Views: 1350

Re: Bitcoin as a complement or alternative to gold in the PP

Well, Bitcoin is an inflation-resistant, censorship-resistant, seizure-resistant, pseudonymous digital asset. And governments like inflating, censorship, taxation, and privacy intrusion. Emphasis mine. Pseudonymity is a major step backwards, is it not? Gold is anonymous. Cash (physical) is anonymou...
by bitcoininthevp
Mon Mar 01, 2021 3:30 pm
Forum: Permanent Portfolio Discussion
Topic: Bitcoin as a complement or alternative to gold in the PP
Replies: 76
Views: 1350

Re: Bitcoin as a complement or alternative to gold in the PP

Well, Bitcoin is an inflation-resistant, censorship-resistant, seizure-resistant, pseudonymous digital asset. And governments like inflating, censorship, taxation, and privacy intrusion. I understand that bitcoin has these characteristics. I just don't see them as a problems for the government. Im ...
by bitcoininthevp
Mon Mar 01, 2021 1:05 pm
Forum: Permanent Portfolio Discussion
Topic: Bitcoin as a complement or alternative to gold in the PP
Replies: 76
Views: 1350

Re: Bitcoin as a complement or alternative to gold in the PP

vincent_c wrote:
Mon Mar 01, 2021 12:57 pm
The only thing I think is a problem is that you can't place capital controls on bitcoin.
Well, Bitcoin is an inflation-resistant, censorship-resistant, seizure-resistant, pseudonymous digital asset.

And governments like inflating, censorship, taxation, and privacy intrusion.
by bitcoininthevp
Mon Mar 01, 2021 12:39 pm
Forum: Permanent Portfolio Discussion
Topic: Bitcoin as a complement or alternative to gold in the PP
Replies: 76
Views: 1350

Re: Bitcoin as a complement or alternative to gold in the PP

Here is a nice bitcoin log price chart to match up with the previous one.

Image

Its all made up, but what if...?
by bitcoininthevp
Mon Mar 01, 2021 12:37 pm
Forum: Permanent Portfolio Discussion
Topic: Bitcoin as a complement or alternative to gold in the PP
Replies: 76
Views: 1350

Re: Bitcoin as a complement or alternative to gold in the PP

I honestly think the direction is already super clear that the US is in support of BTC. What's the evidence? All major US government departments have reported on how Bitcoin should be treated (IRS, SEC, etc). US Banks allowed to custody it. Avanti got a bank license and will be part of the fed netw...
by bitcoininthevp
Mon Mar 01, 2021 11:46 am
Forum: Permanent Portfolio Discussion
Topic: Bitcoin as a complement or alternative to gold in the PP
Replies: 76
Views: 1350

Re: Bitcoin as a complement or alternative to gold in the PP

I always like this path as a way to visualize Bitcoins monetization path.

Image

I think Bitcoin is perhaps a few notches up from when this was published a couple years ago.
by bitcoininthevp
Mon Mar 01, 2021 9:22 am
Forum: Permanent Portfolio Discussion
Topic: Bitcoin as a complement or alternative to gold in the PP
Replies: 76
Views: 1350

Re: Bitcoin as a complement or alternative to gold in the PP

"Bitcoin SV looks undervalued"

Nah, its just garbage. And its being delisted from exchanges, etc.

If you arent deep in the space and want to play, just buy bitcoin and enjoy the ride.
by bitcoininthevp
Sat Feb 27, 2021 6:04 am
Forum: Permanent Portfolio Discussion
Topic: Bitcoin as a complement or alternative to gold in the PP
Replies: 76
Views: 1350

Re: Bitcoin as a complement or alternative to gold in the PP

https://www.bloomberg.com/news/articles/2021-02-25/investors-could-add-up-to-1-of-bitcoin-to-mix-jpmorgan-says Looks like JPMorgan is thinking along the same lines as myself! ;D “In a multi-asset portfolio, investors can likely add up to 1% of their allocation to cryptocurrencies in order to achiev...