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by Smith1776
Wed Dec 04, 2024 8:44 pm
Forum: Variable Portfolio Discussion
Topic: BTC in the PP
Replies: 348
Views: 204108

Re: BTC in the PP

$100K!!!!!! $100K!!!!!! $100K!!!!!! $100K!!!!!! $100K!!!!!! $100K!!!!!! $100K!!!!!! $100K!!!!!! $100K!!!!!! $100K!!!!!! $100K!!!!!! $100K!!!!!! $100K!!!!!! $100K!!!!!! $100K!!!!!! $100K!!!!!! $100K!!!!!! $100K!!!!!! $100K!!!!!! $100K!!!!!! $100K!!!!!! $100K!!!!!! $100K!!!!!! $100K!!!!!! $100K!!!!!! ...
by Smith1776
Wed Dec 04, 2024 8:04 pm
Forum: Variable Portfolio Discussion
Topic: BTC in the PP
Replies: 348
Views: 204108

Re: BTC in the PP

dualstow wrote: Wed Dec 04, 2024 2:00 pm This was the first time I ever heard his voice.
Gasp! Blasphemy!
by Smith1776
Wed Dec 04, 2024 12:01 pm
Forum: Variable Portfolio Discussion
Topic: BTC in the PP
Replies: 348
Views: 204108

Re: BTC in the PP

dualstow wrote: Wed Dec 04, 2024 8:56 am Michael Saylor will be a guest on Fox Business today, 2:00PM EST, Charles Payne’s show.
Thanks! I watch every show or interview he does religiously now lol.
by Smith1776
Sun Dec 01, 2024 8:35 pm
Forum: Variable Portfolio Discussion
Topic: BTC in the PP
Replies: 348
Views: 204108

Re: BTC in the PP

Don't mean to sound like a broken record, but I really recommend those Michael Saylor podcasts/interviews/speeches.

He's the best statesman for Bitcoin in the whole world IMO.
by Smith1776
Sun Dec 01, 2024 8:34 pm
Forum: Bonds
Topic: "U.S. Treasuries not the safe bet they once were"
Replies: 77
Views: 12474

Re: "U.S. Treasuries not the safe bet they once were"

dualstow wrote: Sun Dec 01, 2024 8:31 pm
Smith1776 wrote: Sun Dec 01, 2024 8:06 pm I have no idea whether the plan for a Strategic Bitcoin Reserve will pass, but I am hopeful.

Adam Back says that if it passes then be ready for 7-figure Bitcoin during this market cycle.
Beginning with a decimal point? O0
lol!
by Smith1776
Sun Dec 01, 2024 8:06 pm
Forum: Bonds
Topic: "U.S. Treasuries not the safe bet they once were"
Replies: 77
Views: 12474

Re: "U.S. Treasuries not the safe bet they once were"

I have no idea whether the plan for a Strategic Bitcoin Reserve will pass, but I am hopeful.

Adam Back says that if it passes then be ready for 7-figure Bitcoin during this market cycle.
by Smith1776
Sun Dec 01, 2024 5:06 pm
Forum: Bonds
Topic: "U.S. Treasuries not the safe bet they once were"
Replies: 77
Views: 12474

Re: "U.S. Treasuries not the safe bet they once were"

The funny thing about these diversified portfolios I've been playing with all these years, whether it be the PP, GB, All Seasons etc., they all would have been demolished by anything that had even a modest allocation to BTC. I really think it deserves a place in these strategies. For how many years...
by Smith1776
Sun Dec 01, 2024 1:47 pm
Forum: Bonds
Topic: "U.S. Treasuries not the safe bet they once were"
Replies: 77
Views: 12474

Re: "U.S. Treasuries not the safe bet they once were"

The funny thing about these diversified portfolios I've been playing with all these years, whether it be the PP, GB, All Seasons etc., they all would have been demolished by anything that had even a modest allocation to BTC.

I really think it deserves a place in these strategies.
by Smith1776
Sat Nov 30, 2024 9:10 pm
Forum: Bonds
Topic: "U.S. Treasuries not the safe bet they once were"
Replies: 77
Views: 12474

Re: "U.S. Treasuries not the safe bet they once were"

I think there indeed has been a couple fundamental shifts that suggest some revision. Namely, the advent of two investable asset classes that didn’t exist during his time: broad commodity funds and crypto. I think the general principle should not be to steadfastly stick to a prescribed formula of an...
by Smith1776
Sat Nov 30, 2024 6:19 pm
Forum: Variable Portfolio Discussion
Topic: BTC in the PP
Replies: 348
Views: 204108

Re: BTC in the PP

Here is a compilation of some of my favourite videos on Bitcoin. If anyone here is open to the idea of opening up a bit more of their portfolio dollars to Bitcoin, these are a great place to start. Maybe listen to them while you're driving? O0 Bitcoin, The Red Wave, and The Crypto Renaissance - Mich...
by Smith1776
Sat Nov 30, 2024 6:01 pm
Forum: Other Discussions
Topic: Rickards's New Book (ATTENTION: Smith1776!)
Replies: 4
Views: 403

Re: Rickards's New Book (ATTENTION: Smith1776!)

I haven't read it yet. But definitely will!

I wonder if his conclusion will be the same as it always has been in his books: buy gold.
by Smith1776
Sat Nov 30, 2024 5:54 pm
Forum: Other Discussions
Topic: The Meme Thread
Replies: 314
Views: 301904

Re: The Meme Thread

I'm just gonna leave this here.

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by Smith1776
Sat Nov 30, 2024 5:47 pm
Forum: Variable Portfolio Discussion
Topic: BTC in the PP
Replies: 348
Views: 204108

Re: BTC in the PP

Smithy, you have most of your net worth in Bitcoin, right? Are you running a full node? Are your Bitcoin holdings in your control, or centralized at a custodian? I have 1 bitcoin that I hold in cold storage. All my other bitcoin and bitcoin equity is held in my brokerage account via ETFs and MicroS...
by Smith1776
Sat Nov 30, 2024 5:43 pm
Forum: Variable Portfolio Discussion
Topic: BTC in the PP
Replies: 348
Views: 204108

Re: BTC in the PP

Here's an interesting chart of Bitcoin Maximalism: https://s3.tradingview.com/snapshots/x/Xf6szTkv.png Cryptocurrency enthusiasts were rallied around Bitcoin until 2017. At that point, the developers refused to scale it, and many folks jumped ship. What does the chart show? Is that share of total c...
by Smith1776
Fri Nov 29, 2024 12:24 pm
Forum: Other Discussions
Topic: Daily "Check In" Thread For Us
Replies: 2697
Views: 1688876

Re: Daily "Check In" Thread For Us

I hope everyone is having a wonderful Friday!
by Smith1776
Sun Nov 24, 2024 6:49 pm
Forum: Variable Portfolio Discussion
Topic: BTC in the PP
Replies: 348
Views: 204108

Re: BTC in the PP

What’re your guys’ thoughts on the Strategic Bitcoin Reserve?

I think it has a relatively low chance of passing, but if it does I’d imagine it’ll cause the BTC price to go nuts.
by Smith1776
Sun Nov 24, 2024 9:46 am
Forum: Variable Portfolio Discussion
Topic: BTC in the PP
Replies: 348
Views: 204108

Re: BTC in the PP

Smithers’ ‘All-Terrain Portfolio’, Second Edition ... lmao. I was actually just thinking about it this morning and I think it would now be the following: - 25% total global bond - 25% total global stock - 25% long/flat commodities - 25% total crypto index I know, I know, it keeps changing. I'm tryi...
by Smith1776
Sun Nov 24, 2024 12:59 am
Forum: Variable Portfolio Discussion
Topic: BTC in the PP
Replies: 348
Views: 204108

Re: BTC in the PP

All I want is $100k per coin.

Omg hurry up lol.
by Smith1776
Sat Nov 23, 2024 12:24 pm
Forum: Variable Portfolio Discussion
Topic: BTC in the PP
Replies: 348
Views: 204108

Re: BTC in the PP

bitcoininthevp wrote: Sat Nov 23, 2024 8:50 am ...
Since the last time we interacted I actually ended up doing a 180 and becoming a BTC maxi.

I also hold lots of MicroStrategy stock. Any thoughts there?
by Smith1776
Fri Nov 22, 2024 8:02 pm
Forum: Variable Portfolio Discussion
Topic: BTC in the PP
Replies: 348
Views: 204108

Re: BTC in the PP

Even if Bitcoin is never adopted as an explicit part of our monetary system (in the sense of being the settlement layer), I still think it will have a powerful place in our economy. More specifically, I think it finds its place as the form of pure digital capital and store of value. People will hold...
by Smith1776
Thu Nov 21, 2024 3:36 pm
Forum: Variable Portfolio Discussion
Topic: I'm Officially A Bitcoin Maximalist
Replies: 25
Views: 3662

Re: I'm Officially A Bitcoin Maximalist

Jack Jones wrote: Thu Nov 21, 2024 11:56 am Last cycle we saw a 75% drawdown. Are you going to try to avoid the next one in some way or just HODL through it all?
I’m planning to HODL the entire position till I reach my retirement number. After that I’ll switch back to a more risk parity or PP-esque strategy.
by Smith1776
Wed Nov 20, 2024 12:17 am
Forum: Variable Portfolio Discussion
Topic: I'm Officially A Bitcoin Maximalist
Replies: 25
Views: 3662

Re: I'm Officially A Bitcoin Maximalist

Peter Schiff, a longtime bitcoin hater, ironically provides one of the most succinct explanations of the MicroStrategy investment thesis.

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by Smith1776
Tue Nov 19, 2024 8:07 pm
Forum: Variable Portfolio Discussion
Topic: I'm Officially A Bitcoin Maximalist
Replies: 25
Views: 3662

Re: I'm Officially A Bitcoin Maximalist

It has not even been a month and I am up 71% on MicroStrategy. Up 37% on Bitcoin.

Wow. O_o
by Smith1776
Tue Nov 19, 2024 8:06 pm
Forum: Variable Portfolio Discussion
Topic: BTC in the PP
Replies: 348
Views: 204108

Re: BTC in the PP

I should reiterate that I love blockchain and the idea of bitcoin. And, as you mentioned, there’s something great about the way it contrasts with seemingly unlimited dollar printing. ... Thanks for the thoughts, dualstow. It's also nice to see some actual discussion on the forum. I'll share some th...
by Smith1776
Sat Nov 16, 2024 5:57 pm
Forum: Variable Portfolio Discussion
Topic: BTC in the PP
Replies: 348
Views: 204108

Re: Thoughts On Bitcoin

Now that it's finally the weekend, I felt like sharing some thoughts on why I basically went all-in on Bitcoin. ../ Mind if I do a little devil's advocate (blame it on Randy Holden's 'fruit and icebergs'; that's what I'm listening to) or not in the mood? i'm always interested to hear other people's...