A worthwhile read for all PP'ers

[dualstow]

There can be unlimited crypto threads in the VP section, but if enough people feel strongly enough about a subsection (in VP) for all things crypto, in the name of organization, why not. Seems to be a popular topic.

[ppnewbie]

I vote for a subsection of the Variable Portfolio.

[seajay]

I vote for a subsection of the Variable Portfolio.

+1

VP, Advertisements

[johnnywitt]

I vote for a subsection of the Variable Portfolio.

+1

VP, Advertisements

+3

[Vil]

mkdir Crypto
...
mv Crypto/* /dev/null

[seajay]

mkdir Crypto
...
mv Crypto/* /dev/null

PP : Money you can't afford to lose
Btc : Money you can afford to lose

[bitcoininthevp]

mkdir Crypto
...
mv Crypto/* /dev/null

PP : Money you can't afford to lose
Btc : Money you can afford to lose

You see this BTC chart ends in 2017 right?

Honestly this kind of 2014-era beanie baby thing is lazy thinking at this point.

How many giant bubbles did beanie babies or tulips have? Bitcoin, over 10 years: $30->$1, $260->$40, $1200->$200, $19k->$3k. Now at $50k.

Imagine thinking a novel digital money would increase in value in a straight linear pattern.

[ppnewbie]

Over a long timeframe gold seems to working as an inflation hedge.

Dollar Purchasing power - Not sure if the chart is completely accurate but I think its directionally correct

dollar.png (168.66 KiB) Viewed 3097 times

Gold Price

Gold.png (158.09 KiB) Viewed 3097 times

It also seems to be a chaos hedge. If all hell breaks loose. Gold first collapses as the over leveraged hedge fund leeches sell the only thing left with value to cover their short falls. Then it rebounds (IMHO).

[ppnewbie]

mkdir Crypto
...
mv Crypto/* /dev/null

Or it could be...
---
echo "bitcoin up"
while $fed
do
echo "bitcoin up more!"
done
---

[ppnewbie]

I've heard of many concerning things in the last few weeks as I am doing my research into crypto in general. Like this huge decentralized thing like ether was basically rolled back by the group that controls it. Tether is a potential fraud. BTC is traded mostly in tether, BTC is concentrated in 10000 wallets, Two organizations are the counterparties to most BTC trades (Cumberland Global and Alameda Research). These are thinly traded assets. The market cap might by nearly a trillion but there possibly only about 50 billion dollars in the system.
Parties can trade with themselves or just fake a trade completely. It currently seems to act like a risk on asset as opposed to a store of value. Binance and FTX operations in the US could basically be dollar extraction schemes. We "partner" with a US based company using our name and they pay us an enormous amount of their dollar profits to use our "platform". Parent company gets dollars and no obligation to follow US laws.

Some of the details above may be slightly off but are still cautionary flags to say the least.

I think 1 percent allocation is a good idea in case it takes off.

[bitcoininthevp]

I've heard of many concerning things in the last few weeks as I am doing my research into crypto in general. Like this huge decentralized thing like ether was basically rolled back by the group that controls it. Tether is a potential fraud. BTC is traded mostly in tether, BTC is concentrated in 10000 wallets, Two organizations are the counterparties to most BTC trades (Cumberland Global and Alameda Research). These are thinly traded assets. The market cap might by nearly a trillion but there possibly only about 50 billion dollars in the system.
Parties can trade with themselves or just fake a trade completely. It currently seems to act like a risk on asset as opposed to a store of value. Binance and FTX operations in the US could basically be dollar extraction schemes. We "partner" with a US based company using our name and they pay us an enormous amount of their dollar profits to use our "platform". Parent company gets dollars and no obligation to follow US laws.

Some of the details above may be slightly off but are still cautionary flags to say the least.

I think 1 percent allocation is a good idea in case it takes off.

Some validity to most of these, likely. But while these have potential short/mid issues in price, in the big long term picture none of these invalidates Bitcoins network operation, protocol, or value proposition.

[ppnewbie]

You could be right. In wish I could just buy 100k worth of ibonds a year (at 7.12 percent).

[dualstow]

You could be right. In wish I could just buy 100k worth of ibonds a year (at 7.12 percent).

This 10K limit is bullshit. I wish I had been able to take advantage of the higher limit in the early aughts. Didn’t have the money!

[ppnewbie]

It would be interesting to see how much retail money would be sucked out of the market if they increased the limit on ibond purchases significantly. I would be sleeping much better at night if I could put more money in.