Thought the new Interview of Jeff Booth on InvestAnswers channel today was really good.

Did you read his book?

[QUOTE=johnnyBuz;57445542]
Saylor on mobile (2012)


Which drug(s) makes rich people look like this?

Saylor is obviously a nut and does have a shady history. He also has a track record of making good investments in tech ahead of the curve. He bought web domains in the late 90's, bought $AAPL in 2012 and was the first CEO of publicly traded company to add a large portion of bitcoin to its balance sheet. I don't see what the point of praising or trashing him is as an argument for or against BTC.

Love or hate BTC, it is irrational and illogical to not consider it a +EV investment.

Wow!

Millions of people bought apple in 2021. Who knows if apple made up .00000000001% of his net worth or 10% of his net worth, but it likely fluctuated. Sorry, but people saying someone bought a particular stock that went way up in a particular year as if that somehow qualifies them as being knowledgeable about stocks is a pet peeve of mine.

The fact that he was running a large company and things were going so poorly that he came to the conclusion that yolo-ing BTC is +EV compared to letting him use that money to grow the company, while very self-aware, shows that he just ran out of ideas. FYI- in the 10 years before he gave up on his company and shipped it on BTC his company was up 50%. During that same time frame the market was up 300%.

In no way am I trashing BTC in saying any of this. I am just trashing mike because for whatever reason it bugs me that this guy can say some of the dumbest things I've ever heard anyone say about investing yet someone people thinks he is some kind of genius.

The biggest risk to BTC and the entire crypto ecosystem right now is the Tether ponzi. It's the #1 crypto in terms of volume and creates most of the liquidity in the crypto markets. But its demise has been predicted for years so who knows when (if?) it will collapse since everyone in the crypto space is incentivized either directly or indirectly to keep it going.

Lolz

Number one threat to crypto is crypto:

****ing incredible. And the number one threat to transportation is transportation! Wagon displaced by rail, rail displaced by car, and what will airplane do to transport vehicle?

https://twitter.com/allstarcharts/st...66343428898822

This in addition to the whole meme stock world is probably more relevant to price and risk IMO

Didnt you laugh at the TA I posted, lmao. I agree tho, short/medium term bearish with a 7% cpi print tomorrow

First time I try to time a top on my trading account, we'll see if I end it up with more sats. So far so good.

If CPI 7% tomorrow , how can u be bearish ?

I did.
But there still is difference between randomly drawing future trends and showing past trends.

Long term bullish but short term bearish because of fear of tapering/hikes. The higher the print the higher the emotional reaction. Take it with a grain of salt I am pretty bad at trading short term price action, learning right now.

My trading account is like 0.5% of my wealth it's really just a fun experiment to see if I can outpace bitcoin's growth
Fair enough, personally I think a dump to 30k would be so bullish for the market that he has a point. Only strong hands would survive that.

The point is even if a 7% inflation registered , they won’t be able to raise interest rates higher at what they originally wanted anyway .
They are cap by the debt level .

It will just make the case for bitcoin to go higher imo .

I’m actually more afraid of a lower CPI print .

Insight from a 19 year old

No offense to anyone here, I mostly notice this on Twitter but I feel like crypto folks often don’t see the entire picture with regards to data and the subsequent reactions.

For example, the yield curve has been flattening hard. Will this remain the case into 2022? Maybe. Will the Fed raise rates and force an inverted yield curve if it does? Almost certainly not. Not the consensus 3 rate hikes in 2022, that’s for sure. I don’t see this key factor discussed in these Twitter convos.

So if you’re really really bullish on Bitcoin and high inflation prints are long term bullish, and the prospect of major rate hiking is deteriorating, then I think this is a buy moment for you.

This has shown up in my news feed of late, and it is worrying. I've seen speculation that Evergrande is holding Tether "paper" worth billions and their default could send the price of Bitcoin crashing to frightening lows. Apparently, Tether has never complied with a formal audit and they may be holding a suitcase full of IOUs like in "Dumb and Dumber".

A year ago I was a die-hard BTC hodler for life but I just sold most of my Bitcoin for a tidy profit. My plan is to buy back in after BTC crashes next year, or if it doesn't crash then I guess I'm an idiot.

I see the Evergrande situation as the CCP squeezing rest of world, not Evergrande squeezing CCP. China doesn't give a ****. I'm completely convinced they FUD everything to buy dips. CCP probably the biggest crypto holder in the world.

Is this accurate?



If there's some real smoke to that and you combine it to the climate highlighted below we could see a monumental rugging. The level of risk people are taking while pretending they're on a rocket ship destined for the moon is insane

Tether truther still not understanding tether changes nothing for btc. If tether collapse where do you think that capital will go as a flight to safety?

Out of curiosity, what do you think is the current reserve requirement backing the US dollars in the current banking system? We're all in clown world just like tether.

New I see.

Let us know when you decide to get back in please.

Lol.

Tether not fully backed 1:1 by US dollars. Everything going to crash.

US banks not fully backed 1:1 by US dollars. Everything is fine.