Search found 465 matches

by bitcoininthevp
Tue Jun 28, 2022 7:56 pm
Forum: Permanent Portfolio Discussion
Topic: Bitcoin in the PP?
Replies: 81
Views: 27120

Re: Bitcoin in the PP?

Bitcoin was actually a pretty great monetary inflation hedge (went up a lot during money "printing" in the last years), and not a good CPI hedge, esp during tight money. As it seems the monetary inflation has stopped and we are in tightening money mode it makes sense to me that BTC would be punishe...
by bitcoininthevp
Tue Jun 14, 2022 10:50 am
Forum: Permanent Portfolio Discussion
Topic: Bitcoin in the PP?
Replies: 81
Views: 27120

Re: Bitcoin in the PP?

[1] Consider what i'll call the Fictitious Freedom Paradox. Isn't it strange that most of the the states/countries adopting Bitcoin are economically weak, relatively underdeveloped and have had checkered governmental histories? These are the places ushering the new age of personal freedoms? You'd t...
by bitcoininthevp
Tue May 17, 2022 10:22 am
Forum: Permanent Portfolio Discussion
Topic: Absolutely brutal - 5/5
Replies: 291
Views: 50293

Re: Absolutely brutal - 5/5

my opinion is bitcoin rose over that time frame soley from the bigger fool theory . Other than people buying in an upward trend, what is your bigger (greater) fool theory here? (and would gold going up similarly fit that?) it is after the fact one tries to make some correlation to the economy / my ...
by bitcoininthevp
Tue May 17, 2022 5:11 am
Forum: Permanent Portfolio Discussion
Topic: Absolutely brutal - 5/5
Replies: 291
Views: 50293

Re: Absolutely brutal - 5/5

Completely not surprised about BTC...gold hasn't blown it out of the water but it has held. BTC, not so much. Down worse than the market by a fair amount. Don't know jack about crypto, but I've heard BTC is more corrolated to high flying tech stocks than gold. Does that make any sense? In any case,...
by bitcoininthevp
Tue May 17, 2022 5:05 am
Forum: Other Discussions
Topic: Excellent video on Bitcoin and nfts
Replies: 5
Views: 1560

Re: Excellent video on Bitcoin and nfts

I learned from my Uber driver today that everybody should get some NFTs, not so much for the price, but to learn about them. Because soon everything will be done via NFT. He's also setting up a shopping mall in the Metaverse, so that for example Lululemon would rent a store in his mall, and people ...
by bitcoininthevp
Tue May 17, 2022 4:57 am
Forum: Permanent Portfolio Discussion
Topic: Absolutely brutal - 5/5
Replies: 291
Views: 50293

Re: Absolutely brutal - 5/5

Bitcoin rose because it was sold from one fool to the next not because anyone thought inflation was involved. It is after the fact some are trying to make a link Inflation hedge has always been touted by the BTC fans as a major feature. Specifically in the context of declining USD purchasing power....
by bitcoininthevp
Tue May 17, 2022 4:48 am
Forum: Permanent Portfolio Discussion
Topic: Absolutely brutal - 5/5
Replies: 291
Views: 50293

Re: Absolutely brutal - 5/5

Commodities up nicely ytd ,, that is an inflation hedge Oil up nicely ytd , that is an inflation hedge Bitcoin plunging ytd as inflation hits the highest in 40 years. , that is no inflation hedge Another way to look at it is that during the large "money printing" period of the last few years, it we...
by bitcoininthevp
Tue May 17, 2022 4:45 am
Forum: Permanent Portfolio Discussion
Topic: Absolutely brutal - 5/5
Replies: 291
Views: 50293

Re: Absolutely brutal - 5/5

Bitcoin is just too young and Harry was wise. Even though he would probably have been fascinated by it, I can’t imagine that he would have recommended crypto to investors depending on his sage advice, let alone telling people to put in in a portfolio of “money you can’t afford to lose.” I like to t...
by bitcoininthevp
Tue May 17, 2022 4:42 am
Forum: Variable Portfolio Discussion
Topic: It feels like 2008 Again Only Worse
Replies: 12
Views: 3520

Re: It feels like 2008 Again Only Worse

dualstow wrote:
Mon May 16, 2022 3:22 pm
Wow that was fast. Thank you. O0 I …. think I hold my own keys. I hold something. The same passphrase I had set up with Breadwallet. I’ll have to do some reading.
I think they bought BRD (Bread wallet) and are largely compatible is my understanding.
by bitcoininthevp
Mon May 16, 2022 2:48 pm
Forum: Variable Portfolio Discussion
Topic: It feels like 2008 Again Only Worse
Replies: 12
Views: 3520

Re: It feels like 2008 Again Only Worse

* where’s that bat signal that kriegs created for bitcoininthevp? I had to migrate from BreadWallet to Coinbase. Tim Draper says they’re not going to go bankrupt. Still…if they do, our wallets may be emptied. I wonder what I should do with my 0.08 BTC :-\ I have not used Coinbase's wallet . The Coi...
by bitcoininthevp
Mon Mar 28, 2022 12:37 pm
Forum: Variable Portfolio Discussion
Topic: It feels like 2008 Again Only Worse
Replies: 12
Views: 3520

Re: It feels like 2008 Again Only Worse

BTC actually holding up pretty well too the Ukraine war. seems to sort have decoupled from the stock market. thoughts? Bitcoin's Correlation to S&P 500 Hits 17-Month High The 90-day correlation between the top cryptocurrency and the S&P 500 has risen to its highest level since October 2020.
by bitcoininthevp
Sun Feb 13, 2022 9:22 pm
Forum: Gold
Topic: Did Bitcoin Kill Gold’s Monetary Utility?
Replies: 86
Views: 21337

Re: Did Bitcoin Kill Gold’s Monetary Utility?

Maybe something more like this for my new profile picture
Image
by bitcoininthevp
Sun Feb 13, 2022 10:49 am
Forum: Gold
Topic: Did Bitcoin Kill Gold’s Monetary Utility?
Replies: 86
Views: 21337

Re: Did Bitcoin Kill Gold’s Monetary Utility?

How about I opine on threads where Bitcoin is specifically brought up by someone else and it is germane to the thread?

Oh, wait...
by bitcoininthevp
Wed Feb 09, 2022 6:49 pm
Forum: Variable Portfolio Discussion
Topic: Bitcoin question (How did FBI recover some pipeline ransom)
Replies: 17
Views: 4065

Re: Bitcoin question (How did FBI recover some pipeline ransom)

To put it crudely, "vanilla PoW" (Bitcoin) is one step above putting a "Hi, my name is..." sticker on your storage (wallet). Swiss banks in the 80's had roughly the same amount of privacy, if not more. In a data economy saying "better than most modern financial transactions" is not much. Anything t...
by bitcoininthevp
Wed Feb 09, 2022 6:42 pm
Forum: Variable Portfolio Discussion
Topic: Bitcoin question (How did FBI recover some pipeline ransom)
Replies: 17
Views: 4065

Re: Bitcoin question (How did FBI recover some pipeline ransom)

I Shrugged wrote:
Wed Feb 09, 2022 3:46 pm
A lot of tracking going on with regards to the Bitcoin Bonnie & Crypto Clyde. Despite their use of the dark web etc.

https://finance.yahoo.com/news/4-u-accu ... 54705.html
Image
by bitcoininthevp
Wed Feb 09, 2022 2:50 pm
Forum: Gold
Topic: Did Bitcoin Kill Gold’s Monetary Utility?
Replies: 86
Views: 21337

Re: Did Bitcoin Kill Gold’s Monetary Utility?

If we can't ban discussion of crypto on these forums we can at least not let the discussion be dominated by proselytizers for it. Two good recent items. One is this thread on the environmental costs: https://twitter.com/smdiehl/status/1350869944888664064 The other one, shared with me by Cullen Roch...
by bitcoininthevp
Wed Feb 09, 2022 1:54 pm
Forum: Gold
Topic: Did Bitcoin Kill Gold’s Monetary Utility?
Replies: 86
Views: 21337

Re: Did Bitcoin Kill Gold’s Monetary Utility?

My opinion on the original question is a NO. Gold’s utility is still uniquely intact. Gold is acting like a risk off asset. I believe it is officially now treated as good as cash in the international banking system. It’s being stock piled by central banks possibly in preparation for a “great reset”...
by bitcoininthevp
Wed Feb 09, 2022 1:49 pm
Forum: Gold
Topic: Did Bitcoin Kill Gold’s Monetary Utility?
Replies: 86
Views: 21337

Re: Did Bitcoin Kill Gold’s Monetary Utility?

I should've been clearer when I commented about the possibility of banning bitcoin discussion or at least proselytizers for it. I don't mean to inhibit anyone's free speech but promoting bitcoin in the gold sub-forum or anyplace other than the variable portfolio or other topics seems inappropriate ...
by bitcoininthevp
Wed Feb 09, 2022 1:42 pm
Forum: Variable Portfolio Discussion
Topic: Bitcoin question (How did FBI recover some pipeline ransom)
Replies: 17
Views: 4065

Re: Bitcoin question (How did FBI recover some pipeline ransom)

I've here that coinbase keeps track of the BTC that traverse their platform and "do something" if they decide they dont like a transaction that you may be very loosely connected to, they may lock you out of coinbase or freeze you account. When I say loosely, I mean you exchanged a few sats for a so...
by bitcoininthevp
Wed Feb 09, 2022 1:39 pm
Forum: Variable Portfolio Discussion
Topic: Bitcoin question (How did FBI recover some pipeline ransom)
Replies: 17
Views: 4065

Re: Bitcoin question (How did FBI recover some pipeline ransom)

I make this point every time somebody extols the privacy benefits of Bitcoin. Literally all your transactions are recorded permanently, publicly, and for all time. That's the opposite of "privacy" in every way. Its really a spectrum of potential privacy. I could put my name and address in a bitcoin...
by bitcoininthevp
Fri Feb 04, 2022 12:08 pm
Forum: Gold
Topic: Did Bitcoin Kill Gold’s Monetary Utility?
Replies: 86
Views: 21337

Re: Did Bitcoin Kill Gold’s Monetary Utility?

Kevin K. wrote:
Fri Feb 04, 2022 11:23 am
If we can't ban discussion of crypto on these forums we can at least not let the discussion be dominated by proselytizers for it.
Shouldn't the concern for the forum be good faith, intellectually honest discussion?
by bitcoininthevp
Fri Feb 04, 2022 8:09 am
Forum: Gold
Topic: Did Bitcoin Kill Gold’s Monetary Utility?
Replies: 86
Views: 21337

Re: Did Bitcoin Kill Gold’s Monetary Utility?

Good grief. (Shouldn't feed trolls). This is not the place for your misinformation/spam. Better would be the VP section, better still - in another forum. IBM is confident that it can exponentially increase the qubit number in the next few years, and could see a processor with billions of qubits wit...
by bitcoininthevp
Thu Feb 03, 2022 8:13 am
Forum: Variable Portfolio Discussion
Topic: Bitcoin question (How did FBI recover some pipeline ransom)
Replies: 17
Views: 4065

Re: Bitcoin question (How did FBI recover some pipeline ransom)

I make this point every time somebody extols the privacy benefits of Bitcoin. Literally all your transactions are recorded permanently, publicly, and for all time. That's the opposite of "privacy" in every way. Its really a spectrum of potential privacy. I could put my name and address in a bitcoin...
by bitcoininthevp
Thu Feb 03, 2022 8:03 am
Forum: Variable Portfolio Discussion
Topic: Crypto Crash!
Replies: 12
Views: 2352

Re: Crypto Crash!

I think its just a matter of inflation expectations into the future being lower, Fed tightening, deflation concerns, liquidity draining. Once traditional things crash during this tightening cycle and the Fed turns the corner back to easing policies will probably be the bottom and time for a big BTC ...
by bitcoininthevp
Thu Feb 03, 2022 7:50 am
Forum: Gold
Topic: Did Bitcoin Kill Gold’s Monetary Utility?
Replies: 86
Views: 21337

Re: Did Bitcoin Kill Gold’s Monetary Utility?

If a private key isn't created/stored on a isolated (non internet connected) clean and verified as clean system that's locked away in a vault - then it isn't secure. Wrong. Multisig allows less securing of keys, even on mobile devices/Internet computers, while securing the bitcoins in an address. A...