Wrong. At least in my case, Sled's info has helped me immensely

I think the idea of paying 6% on a loan instead of 18-35% capital gains tax appeals to more than a niche group.

Anybody with a margin account can borrow money to buy stocks but they can’t borrow money instantly to pay for other things. Buying things other than stocks is appealing to more than a niche group.

The niche group currently using overcollateralized loans seems pretty large. Between Aave/Maker/Compound/Celsius/Blockfi/Nexo there are tens of millions of customers loaning and borrowing tens of billions of dollars.

I agree with you that this would have been hard to imagine 5 years ago. But it is no longer a challenging use of imagination and I don’t think the word niche captures its current scope accurately.

Your lumping of everyone who doesn’t want to go through KYC as a drug dealer and subsequently dumping on something you think you understand but clearly don’t is damaging to others who may be interested in defi

This is not informed information and poor use of language

laughs at 80 percent returns while flexing about pretend 6 percent returns while missing the whole massive run up 1000+%.

at this point TS is a literal caricature of hubris

The only way to make these new opportunities seem bad is if you misrepresent them by making negative generalizations.

Hes not doing analysis he is just hating. Hopefully people can see through that. In any new booming industry there are opportunities and scams everywhere. Someone with his take hasn't even taken the time to parse anything of value to make a bear case. Using the old its only use is drugs argument is lol bad.

I can’t respect someone who says things like this

His post bothers me because I think some of his non crypto related posts contain good information and it alludes to him being someone who is more informed than most. Less informed people will A to C his posts and think good info in past, prob good info here. Even if he doesn’t know much about defi, his comparison of taking out a loan through a defi vehicle is disingenuous / in bad faith or just lazy thinking as he is certainly aware of tax implications yknow...being a thing

The same is true of toothsayer. When I was first learning about finance I would read this forum and assume that this guy had good information, but now everything he says I can just pass off as he’s shown himself to be not smart. BFI thought leader: You want respect not money

Yeah no need to process anything else this guy says other than noise. Might as well be yelling at clouds

One time i put together a set of basic Bitcoin questions in a way u can't google the answer. TS just ignored them and attacked my character.

https://www.marketwatch.com/story/bi...er-11614937228

Here is an example of someone who sees this as a possibility. Is this just a misunderstanding? Is be a dumb person? Or would bitcoin actually lead to that?

All these people you think are good posters and have good information before you became a cryptocuck, but you now write them off because they don't agree with you on crypto or were wrong on its price action during the biggest retail bubble/government stimulus operation in a generations. That's a sign you're not being rational.

It's an interesting time. Take Alex Wice. He's so horribly wrong on tech and fundamental analysis that he thought Musk had a reasonable chance of doing fully self driving by the end of 2019, and a million robotaxis by 2020, such that he wanted to invest in Tesla. We argued for pages on the possibility of it coming to pass. I said it was an absolute zero (which was the correct analysis), he said it was a reasonable chance.

He was completely, horrible, comically wrong on the tech - retail slappie/dickhead level analysis, as you can see by the results:



Yet Musk's pure fraud/lies which Wice believe has 20xed the stock in 2 years (incidentally - another thing that crushed bitcoin) to nearly a trillion dollars - ironically about the size of bitcoin. You can see above the utter fail - Tesla are dead last in autonomous driving even in 2021 - yet his moron analysis would have netted him 20x, because other morons thought like he did, and it was the start of one of the greatest retail bubbles in history.

Was he right or wrong? Bitcoin isn't dissimilar imo. Fundamentally the tech is a total bust, but we're in one the biggest retail moron bubbles of all time, so the people who think Theranos and pets.com were good investment outperform all.

The people who tap into that retail sentiment early yet don't drink the koolaid are genuinely smart people, yet 95% of this thread doesn't fit in this category. They're dumb people whose stupidity was useful in that it front-ran other, later stupidity and they actually think the price validates the fundamentals.

It's a joke. Someone said they hated the term "thought leader" with passion (and I agree it's a ridiculous term) so I added it to my profile. It's also a useful honey trap, as you've demonstrated.

Nice edit. You’ve earned zero respect points from me for being right on the internet about something. I’m not looking up to meme lord awice as a crypto god. Nice attempt at trying to hold over someone who is infinitely richer AND has more respect than you do though.

Someone whose entire post history siphons off as much of a sense of self importance as you can understand why someone who doesn’t know about your inside joke from years ago doesnt come across as a joke, right? I’m joking there. I know you don’t have self awareness

It’s amazing how angry, jealous and insecure you come off in that post. You should edit it again

The point of it was as an anecdote of fundamental vs ponzi analysis. The people in it are irrelevant. It's an interesting example of the serious alpha generated from being wrong on the fundamentals.
What stupid people think is irrelevant to me*. In fact, I would hope that stupid people disagree with me. It's smart people disagreeing with me that I'm worried about. My posts in this thread represent an attempt to find someone non-stupid who's long bitcoin, and I'm not finding them. Perhaps they silently hold and don't post - I know a lot of smart people were/are long bitcoin - but I've never heard a coherent thesis.

*Except to the extent that stupid person opinion generates ponzi waves.
Someone else mentioned him. I'm also not necessarily dissing AWice as an investor/gambler - in retail bubbles there's probably serious alpha in thinking like the idiot crowd while being wrong on the facts - but there has to be a separation of fundamental analysis (the long term) vs ponzi analysis (riding a bubble), because 10+ bag from here requires being correct on fundamentals, whereas it didn't before. Not getting your ass handled to you bagHOLDing also requires being correct on the fundamentals at this point. It's a different game now.
The smarter people here get it, and in fact find it obvious. It's a filter.
You're just really really bad at reading people.

Guess I’m wrong. You won

Stupid people are the only ones that have ever listened to TS, like the ones who jumped on the Tesla short at the height of the Covid crash only to get completely rekt.

Some seemingly intelligent posters have been momentarily blinded to the obvious before righting the ship and calling TS out for the total fraud he is.

10+ bag from here = fundamentals are solid and you are wrong? If btc reaches $600k will you admit you are wrong?

I made many people 10 bags on Tesla puts, which I recommended before covid hit by predicting covid's impact. There are multiple people thanking me for that. You're so obsessed with me you constantly lie about me. You're such a loser that even people who dislike me call you out for how ****ed in the head you are.

Anyway, losers are losing their mind again ITT and I don't want to derail this (I actually want to discuss bitcoin while the bulls want to discuss me) so I'll take a break for a while so you can all get back to salivating over bitcoin at the top of the ponzi. Be back when it hits $15K again.

ToothSayer is the rare chap that laughs at other people on their way to the bank.

If you're on the way to the bank (to deposit USD from your sold bitcoin) I'm applauding you. It's the bagHODLers here I'm laughing at who are going to hold while this crashes again.

i would bet this subforum is poorer because of tooth takes lmao

Tooth, the Tesla crash was over a year ago now, we need new info. What is the next 10 bagger? I am wondering if there is posts of actual people thanking you about the Tesla put tip, because any stock at that time wooduv made money if you bought puts.

Feel like these two post perfectly sum up the intellectual honesty of TS and the lack of value he brings. You can't win an argument with someone who has no honest positions.






He can't keep his lies straight. Hopefully no one takes anything he says seriously at this point. Pretty sure you would have to have room temperature IQ to be a tooth follower after all this garbage.

credit to THEMVP who found the ETH sucks post.

Not too bash tooth ....
But he reminds me of this guy (Bruce miller) so much , being unequivocally sure of his stance even if bitcoin would reach 100k,500k etc .
And ....boom !
To late .

https://youtu.be/r24WHw9UJTI

That will teach Alex Wice and his 9-figure Crypto net worth. If only he'd have listened to you he could have been leading the 2+2 play money trading thread.