Search found 253 matches

by bitcoininthevp
Wed Feb 24, 2021 6:09 am
Forum: Variable Portfolio Discussion
Topic: I think it’s time to move into crypto
Replies: 75
Views: 1214

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

I've been hearing a lot about competitors for Bitcoin springing up (I think I read about China starting a crypto currency), so that's enough to make me avoid it for now. At least with gold you know there is only one source for it - that which already exists or can be mined from the earth's scarce n...
by bitcoininthevp
Mon Feb 22, 2021 5:51 pm
Forum: Permanent Portfolio Discussion
Topic: Bitcoin as a complement or alternative to gold in the PP
Replies: 76
Views: 1345

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

This is the best article I've seen on Bitcoin: https://www.whitecoatinvestor.com/top-7-uses-for-bitcoin/ Crystal-clear about what it's useful for and what it's not. And NOT a gold substitute or equivalent in the PP, IMHO, though I can totally see its speculative appeal in a VP. Not a very insightfu...
by bitcoininthevp
Mon Feb 22, 2021 5:48 pm
Forum: Permanent Portfolio Discussion
Topic: Bitcoin as a complement or alternative to gold in the PP
Replies: 76
Views: 1345

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

@bitcoininthevp What platform would you use for call and put purchases? How much are they selling for? You can use the CME. Ledgerx is another fully regulated options exchange in the US. Deribit is the biggest Bitcoin options exchange but not open to US retail customers due to regulation. Both thos...
by bitcoininthevp
Mon Feb 22, 2021 1:34 pm
Forum: Gold
Topic: Gold Defensive Strategy
Replies: 26
Views: 853

Re: Gold Defensive Strategy

dopplerdave wrote:
Sun Feb 21, 2021 9:24 am
Overall, this puts me 62.5% into gold - a highly defensive strategy.
Highly defensive towards (speculating) inflation and a currency crisis only.

Deflation or prosperity consummately crush this portfolio accordingly, right?

Or bitcoin eating golds lunch. :-X
by bitcoininthevp
Mon Feb 22, 2021 1:23 pm
Forum: Permanent Portfolio Discussion
Topic: Bitcoin as a complement or alternative to gold in the PP
Replies: 76
Views: 1345

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

Mark Leavy wrote:
Sat Feb 20, 2021 6:31 pm
Gold is truly anonymous. Bitcoin, not so much.
How does the IRS asking about it make it less anonymous? Completely irrelevant. If IRS asks about gold does that make gold all of the sudden less anonymous?
by bitcoininthevp
Mon Feb 22, 2021 1:21 pm
Forum: Permanent Portfolio Discussion
Topic: Bitcoin as a complement or alternative to gold in the PP
Replies: 76
Views: 1345

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

I know it is tempting to feel one has to get in before it’s too late. But a lot of the too late scenarios would be problematic. I have some FOMO, but if it’s truly going to have a great future, it should be okay to wait. If you buy one bitcoin today, you can protect your USD value from a drop by bu...
by bitcoininthevp
Mon Feb 22, 2021 1:16 pm
Forum: Permanent Portfolio Discussion
Topic: Bitcoin as a complement or alternative to gold in the PP
Replies: 76
Views: 1345

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

First I think the masses are just buying bitcoin through Robinhood. From what I can tell, you don't really have control of it there. I have never felt great about direct bitcoin holding. It feels very clunky. I don't see the masses ever adopting it in that form so it really isn't so moneyish yet. A...
by bitcoininthevp
Mon Feb 22, 2021 1:12 pm
Forum: Permanent Portfolio Discussion
Topic: Bitcoin as a complement or alternative to gold in the PP
Replies: 76
Views: 1345

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

I'm thinking a 1% allocation to Bitcoin in the PP isn't such a crazy idea at this point. So that would be 24% in gold and 1% in Bitcoin. This number could be revisited as the market evolves. I had recommended a PP with a Bitcoin sidecar. Maybe its one way to look at it for PP purists. https://www.g...
by bitcoininthevp
Sat Feb 20, 2021 12:43 pm
Forum: Other Discussions
Topic: The Meme Thread
Replies: 130
Views: 4965

Re: The Meme Thread

TBH Im deep in the Bitcoin community and laser eyes almost passed me up. I believe it is people signaling for BTC to $100k. I think Michael Saylor did it and then bitcoiners went nuts.
by bitcoininthevp
Fri Feb 19, 2021 12:52 pm
Forum: Variable Portfolio Discussion
Topic: I think it’s time to move into crypto
Replies: 75
Views: 1214

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

I was just looking through all the Cryptos and found something called "bitcoin gold". I was feeling pretty good about getting a little bit but found out the two big exchanges don't even sell it. No wonder it looked like a better value to me. The masses can't buy it easily. I would really recommend ...
by bitcoininthevp
Fri Feb 19, 2021 12:45 pm
Forum: Variable Portfolio Discussion
Topic: Bitcoin ETF in Canada
Replies: 12
Views: 334

Re: Bitcoin ETF in Canada

Wow. I don't know if that means you can also buy this from US account but will this be the first opening to be able to buy bitcoin in retirement accounts? Being able to buy bitcoin in a retirement account seems like a game changer more than the ETF itself. A lot more purchasing power in retirement ...
by bitcoininthevp
Mon Feb 08, 2021 2:35 pm
Forum: Other Discussions
Topic: What if bitcoin is made illegal?
Replies: 10
Views: 256

Re: What if bitcoin is made illegal?

Isn't it pretty much a given that any cryptocurrency that becomes sufficiently popular is going to be targeted by the government? Governments don't like competition, especially in the monetary realm. Has any Bitcoin advocate sufficiently answered that question? I have always felt it was a matter of...
by bitcoininthevp
Tue Jan 19, 2021 9:46 am
Forum: Permanent Portfolio Discussion
Topic: Jeffrey Gundlach on PP
Replies: 18
Views: 1078

Re: Jeffrey Gundlach on PP

All value is still subjective though, which is the point Im trying to make to perfect_simulation. yeah, my core thought is where bitcoin fits into the PP - I think the cash quadrant if any and not the gold one O0 It’s a good question. I think bitcoin is an asset that is in the process of becoming m...
by bitcoininthevp
Mon Jan 18, 2021 1:28 pm
Forum: Gold
Topic: Gold outflows, bitcoin inflows
Replies: 10
Views: 709

Re: Gold outflows, bitcoin inflows

Holding bitcoin can be impossible to detect in the physical world, etc. But cashing out would be difficult. It would be harder but still easier than cashing out of a banned gold. Bitcoin: "What is this bank transfer I see to your account?" "Oh, consulting" Gold: "The postal gestapo has detected gol...
by bitcoininthevp
Mon Jan 18, 2021 1:24 pm
Forum: Permanent Portfolio Discussion
Topic: Jeffrey Gundlach on PP
Replies: 18
Views: 1078

Re: Jeffrey Gundlach on PP

mathjak107 wrote:
Mon Jan 18, 2021 12:52 pm
5000 years of history says golds value as a store of value has withstood the test of time
All value is still subjective though, which is the point Im trying to make to perfect_simulation.
by bitcoininthevp
Mon Jan 18, 2021 9:42 am
Forum: Permanent Portfolio Discussion
Topic: Jeffrey Gundlach on PP
Replies: 18
Views: 1078

Re: Jeffrey Gundlach on PP

I can't quite wrap my head around bitcoin being an asset like gold. Gold is a tangible commodity that also happens to be money. Bitcoin is a fiat currency in my mind - backed by nothing like the dollar and euro, etc. Might as well have some for diversification, buts its akin to cash IMHO! Gold is "...
by bitcoininthevp
Sun Jan 17, 2021 12:10 pm
Forum: Permanent Portfolio Discussion
Topic: Jeffrey Gundlach on PP
Replies: 18
Views: 1078

Re: Jeffrey Gundlach on PP

Interesting that he mentioned real estate and Bitcoin as alternatives to gold. 8) Real estate as an alternative to gold in the PP is absolutely insane. Even more so than bitcoins. Gold in the PP is a hedge against your nations currency having issues. If your nations currency is having issues that m...
by bitcoininthevp
Sun Jan 17, 2021 12:00 pm
Forum: Gold
Topic: Gold outflows, bitcoin inflows
Replies: 10
Views: 709

Re: Gold outflows, bitcoin inflows

What happens when bitcoin is regulated and destroyed? Don, seems rather aggressive and off topic for the thread but Ill take a crack at a response which includes gold. What happens when gold is regulated and destroyed? Is it harder to regulate & destroy gold or bitcoin? Who is the one regulating bi...
by bitcoininthevp
Thu Jan 07, 2021 10:36 am
Forum: Variable Portfolio Discussion
Topic: Bitcoin+Cash portfolio?
Replies: 30
Views: 1208

Re: Bitcoin+Cash portfolio?

Keep in mind, bitcoin trades 24/7 and moves can be big. And your fidelity account/ GBTC doesn’t trade 24/7. So you could have a sell order that doesn't execute at your price, while bitcoin moves over the weekend for example. I was thinking about this too. What would be the best strategy to account ...
by bitcoininthevp
Thu Jan 07, 2021 10:15 am
Forum: Variable Portfolio Discussion
Topic: Bitcoin+Cash portfolio?
Replies: 30
Views: 1208

Re: Bitcoin+Cash portfolio?

So, I went ahead and bought GBTC on my Traditional IRA with Fidelity. :-) Now the question is what kind of orders I need too place there to sell at certain points? That would be two scenarios: 1) Hits the same price I bought at (to prevent loss) 2) Doubles the price I bought at Would it be some kin...
by bitcoininthevp
Thu Jan 07, 2021 10:12 am
Forum: Variable Portfolio Discussion
Topic: Bitcoin+Cash portfolio?
Replies: 30
Views: 1208

Re: Bitcoin+Cash portfolio?

Why would you buy GBTC with a 2% annual fee if you can buy the real thing? Because there is no real thing for the tax deferred account. 2% fee is much better than paying tax for XXX% profit :-) I do have the real thing in another account Actually there is a real thing for the tax deferred account. ...
by bitcoininthevp
Thu Jan 07, 2021 10:06 am
Forum: Variable Portfolio Discussion
Topic: Bitcoin+Cash portfolio?
Replies: 30
Views: 1208

Re: Bitcoin+Cash portfolio?

Why would you buy GBTC with a 2% annual fee if you can buy the real thing? A few reasons. 1. You dont need to worry about bitcoin technical stuff like storing it, they custody 2. The GBTC premium (currently ~25%) can actually increase during bull markets so you could profit even more that way 3. Yo...
by bitcoininthevp
Thu Jan 07, 2021 10:01 am
Forum: Variable Portfolio Discussion
Topic: Bitcoin+Cash portfolio?
Replies: 30
Views: 1208

Re: Bitcoin+Cash portfolio?

So, I went ahead and bought GBTC on my Traditional IRA with Fidelity. :-) Now the question is what kind of orders I need too place there to sell at certain points? That would be two scenarios: 1) Hits the same price I bought at (to prevent loss) 2) Doubles the price I bought at Would it be some kin...
by bitcoininthevp
Wed Jan 06, 2021 2:20 pm
Forum: Gold
Topic: Gold outflows, bitcoin inflows
Replies: 10
Views: 709

Re: Gold outflows, bitcoin inflows

Ugly_Bird wrote:
Wed Jan 06, 2021 2:16 pm
Most likely it is a temporary thing while BTC is bullish.
But regardless, do you think people are actually taking billions out of gold and putting it into bitcoin?
by bitcoininthevp
Tue Jan 05, 2021 2:28 pm
Forum: Gold
Topic: Gold outflows, bitcoin inflows
Replies: 10
Views: 709

Gold outflows, bitcoin inflows

Im curious if bitcoin really is becoming a competitor to gold. Im a fan of both assets.

Since October:

More than $3bn of inflows into Grayscale Bitcoin Trust
More than $7bn of outflows from Gold ETFs

Image

Does anyone else have other data sets on this?