Re: BTC in the PP
Posted: Wed Feb 02, 2022 5:19 pm
It's just a matter of time before Putin steals everyone's bitcoin. Get out now.
That would be self defeating, though.
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BTC in the PP
https://www.gyroscopicinvesting.com/forum/viewtopic.php?t=12225
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Re: BTC in the PP
Posted: Wed Feb 02, 2022 9:40 pm
Re: BTC in the PP
Posted: Wed Feb 02, 2022 10:07 pm
How so?
Re: BTC in the PP
Posted: Thu Feb 03, 2022 7:35 am
Nah, Moores law's creator notes 2025 the law will end. https://en.wikipedia.org/wiki/Moore%27s ... d_roadmaps
But lets suspend disbelief of reality and assume you can compute infinitely,
You still have the energy concern as well, just enumerating the set of (78-digit number) keys would consume more than the total energy output of the sun for 32 years.
So if we believe that the creator of Moore's law is wrong about his own law and also that we can harness the entire output of the suns energy for 32 years, I guess Bitcoin is at risk!
(I now await your pivot to quantum concern trolling)
All value is subjective regardless of if it is something digital or something physical.
Re: BTC in the PP
Posted: Thu Feb 03, 2022 10:48 am
Yawn! Time will tell.
Re: BTC in the PP
Posted: Thu Feb 03, 2022 7:04 pm
I was being a little funny, but if ever one person got all the bitcoins, they’d no longer be worth anything.
Re: BTC in the PP
Posted: Fri Feb 04, 2022 12:08 am
It’s possible that a third of the bitcoin suppply is in 10000 wallets and those wallets could be controlled by fewer than 10000 people. Ofcourse this is disputed but who knows what to believe anymore.
Maybe two other entities could each acquire third of the remaining supply and they could buy each other Bitcoin pizzas.
Maybe two other entities could each acquire third of the remaining supply and they could buy each other Bitcoin pizzas.
Re: BTC in the PP
Posted: Thu May 12, 2022 5:29 am
I figured there would be some action to take in the model portfolio, but everything is still within range. -11.44% since thread inception.
Re: BTC in the PP
Posted: Thu May 12, 2022 8:41 am
BTC-USD YTD -38.9%
GLDM YTD 2.19%
Not much of a track record...but during the 2020 stock market tank...BTC was off 50% from June 2019 to March 2020
Hmmm...BTC thus far is not digital gold. Gold remains gold.
GLDM YTD 2.19%
Not much of a track record...but during the 2020 stock market tank...BTC was off 50% from June 2019 to March 2020
Hmmm...BTC thus far is not digital gold. Gold remains gold.
Re: BTC in the PP
Posted: Thu May 12, 2022 9:51 am
I think one or two percent in a portfolio for pure speculation is not bad. You know your downside.
Re: BTC in the PP
Posted: Thu May 12, 2022 10:29 am
When people say that Bitcoin is digital gold, do you think that means their price should move in tandem?
The only assets I own that are truly mine and unencumbered are gold and Bitcoin. Everything else can be taken, taxed, and otherwise exploited by the system.
Re: BTC in the PP
Posted: Thu May 12, 2022 4:30 pm
When the blockchain hype dies it'll settle into being a digital gold. But at what price...
Re: BTC in the PP
Posted: Thu May 12, 2022 4:50 pm
One thing I grapple with is gold gains getting taxed away.Jack Jones wrote: ↑Thu May 12, 2022 10:29 amWhen people say that Bitcoin is digital gold, do you think that means their price should move in tandem?
The only assets I own that are truly mine and unencumbered are gold and Bitcoin. Everything else can be taken, taxed, and otherwise exploited by the system.
Re: BTC in the PP
Posted: Thu May 12, 2022 5:23 pm
Re: BTC in the PP
Posted: Thu May 12, 2022 5:46 pm
Not sure what the reporting requirements are at the coin shops. I think its 5k or less does not need to be reported. But, there has to be record of this transaction. The only way I see it as untaxed is if it is completely under the table cash transaction between private parties.Jack Jones wrote: ↑Thu May 12, 2022 5:23 pmI’ve never sold gold. Can’t you just sell a coin for cash from time to time?
Re: BTC in the PP
Posted: Mon May 23, 2022 1:53 pm
A continued...ah, no.
https://www.pragcap.com/three-things-i- ... ngs-break/
3) Not Your Keys, Not Your Coins.
Here’s an alarming disclosure from CoinBase in which they explain that the Bitcoin they custody could be considered firm assets in case of bankruptcy. In other words, customers would be considered unsecured creditors and their crypto assets would not be considered theirs, but part of the firm’s assets. This seems to be a legal unknown at this point because there isn’t precedent for establishing how a BK court would treat the assets. This is essentially a version of the popular crypto mantra “not your keys, not your coins”. In other words, if you don’t personally custody your coins they’re not really yours.
This is wild. Imagine if Schwab came out one day and said “if we go bankrupt your personal assets will be subject to the bankruptcy settlement”. They’d lose all their assets overnight. I don’t know the legal aspects of this and so I am not in a position to have a strong opinion, but this seems like a very, very important matter that needs to be sorted and I certainly wouldn’t want to wait around for a bankruptcy court to settle it.
In any case, things are breaking all over the place. Have a nice day.
https://www.pragcap.com/three-things-i- ... ngs-break/
3) Not Your Keys, Not Your Coins.
Here’s an alarming disclosure from CoinBase in which they explain that the Bitcoin they custody could be considered firm assets in case of bankruptcy. In other words, customers would be considered unsecured creditors and their crypto assets would not be considered theirs, but part of the firm’s assets. This seems to be a legal unknown at this point because there isn’t precedent for establishing how a BK court would treat the assets. This is essentially a version of the popular crypto mantra “not your keys, not your coins”. In other words, if you don’t personally custody your coins they’re not really yours.
This is wild. Imagine if Schwab came out one day and said “if we go bankrupt your personal assets will be subject to the bankruptcy settlement”. They’d lose all their assets overnight. I don’t know the legal aspects of this and so I am not in a position to have a strong opinion, but this seems like a very, very important matter that needs to be sorted and I certainly wouldn’t want to wait around for a bankruptcy court to settle it.
In any case, things are breaking all over the place. Have a nice day.
Re: BTC in the PP
Posted: Mon May 23, 2022 1:57 pm
I think this is a common ethos in the centralized world of decentralization. When you are taking a cut of everyone's desperate FOMO activity you can also make off with the users of your platforms assets. It's called "socializing losses".Kbg wrote: ↑Mon May 23, 2022 1:53 pm A continued...ah, no.
https://www.pragcap.com/three-things-i- ... ngs-break/
3) Not Your Keys, Not Your Coins.
Here’s an alarming disclosure from CoinBase in which they explain that the Bitcoin they custody could be considered firm assets in case of bankruptcy. In other words, customers would be considered unsecured creditors and their crypto assets would not be considered theirs, but part of the firm’s assets. This seems to be a legal unknown at this point because there isn’t precedent for establishing how a BK court would treat the assets. This is essentially a version of the popular crypto mantra “not your keys, not your coins”. In other words, if you don’t personally custody your coins they’re not really yours.
This is wild. Imagine if Schwab came out one day and said “if we go bankrupt your personal assets will be subject to the bankruptcy settlement”. They’d lose all their assets overnight. I don’t know the legal aspects of this and so I am not in a position to have a strong opinion, but this seems like a very, very important matter that needs to be sorted and I certainly wouldn’t want to wait around for a bankruptcy court to settle it.
In any case, things are breaking all over the place. Have a nice day.
Re: BTC in the PP
Posted: Mon May 23, 2022 3:06 pm
LOL!
Re: BTC in the PP
Posted: Mon May 23, 2022 3:25 pm
IMHO - Decentralized databases (blockchain) and computing (smart contracts) are pretty momentous new developments in the world, but at the moment it is complete Mad Max territory.
Re: BTC in the PP
Posted: Mon May 23, 2022 5:24 pm
Completely on board with the tech and what it can be used for...just not as a replacement for good ole fashioned government fiat currency.
Just not gonna happen at scale unless governments get more stupid than they've ever been...and thus far I'm not aware of a government who isn't or hasn't been aware of the associated power.
Just not gonna happen at scale unless governments get more stupid than they've ever been...and thus far I'm not aware of a government who isn't or hasn't been aware of the associated power.
Re: BTC in the PP
Posted: Mon Jun 13, 2022 1:32 pm
BTC at 11% of model portfolio, so getting close to rebalancing range.
Portfolio down 15% since inception, BTC down 40%.
Portfolio down 15% since inception, BTC down 40%.
Re: BTC in the PP
Posted: Tue Jun 28, 2022 2:25 pm
Bitcoin hit <10% of the model portfolio, so I performed a rebalance:
-cash
-gold
-stocks
+bonds
+BTC
The portfolio now owns 56% more Bitcoin.
Portfolio down 16% since inception (Bitcoin -38%).
-cash
-gold
-stocks
+bonds
+BTC
The portfolio now owns 56% more Bitcoin.
Portfolio down 16% since inception (Bitcoin -38%).
Re: BTC in the PP
Posted: Tue Jun 28, 2022 2:37 pm
I'm sorry if I missed it, what's your overall asset allocation, with the BTC?Jack Jones wrote: ↑Tue Jun 28, 2022 2:25 pm Bitcoin hit <10% of the model portfolio, so I performed a rebalance:
-cash
-gold
-stocks
+bonds
+BTC
The portfolio now owns 56% more Bitcoin.
Portfolio down 16% since inception (Bitcoin -38%).
Re: BTC in the PP
Posted: Tue Jun 28, 2022 4:03 pm
Re: BTC in the PP
Posted: Fri Dec 23, 2022 3:23 pm
Indeed, investment in BTC would be the solution in such situations as inflation and not only bitcoin. And I encourage you to do it because you can achieve excellent results and have a significant income. I can say this from my own experience. I have already been investing in BTC for a long time, and I am not doing wrong. I faced the most difficult situations that could happen. Now with the help of moonbitcoins.com, I also deal with bitcoin mining, and my financial situation is much better. And anyone can do this if they approach the correct tactics. So don't hesitate to do it.