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  • LAVA Moderator: Shinji Ikari

the market: stocks, bonds, options, whatever

garygroundwork said:
Anyone that has btc now or buys bitcoin now and holds until after last bitcoin is mined in 2040 are gona be fkn well off.
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Not to rain on your parade, but I don't believe this. Assuming that BTC isn't a deep state operation to begin with, which I believe it is, they are going to come after it sooner rather than later. And this is also ignoring the possibility it will crash before then too, when they go after the infrastructure behind it for fraud etc and everyone rushes to pull out everything.

It has an air of cultism about it that is blinding people to certain realities, in my opinion. That somehow we are beating the system by using it.
 
-=SS=- said:
Not to rain on your parade, but I don't believe this. Assuming that BTC isn't a deep state operation to begin with, which I believe it is, they are going to come after it sooner rather than later. And this is also ignoring the possibility it will crash before then too, when they go after the infrastructure behind it for fraud etc and everyone rushes to pull out everything.

It has an air of cultism about it that is blinding people to certain realities, in my opinion. That somehow we are beating the system by using it.
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I mined mine back when one could actually do that on a PC CPU, so it only cost me the price of electricity while mining. That's no longer a possibility as the hardware needed to mine has become ridiculously expensive both in initial capital cost for equipment and energy requirements.

So you're not raining on my parade. I got what I was looking for plus a huge windfall.

There is certainly a lot of hype going on currently, but that's going both ways, pro and con. I wouldn't mortgage the house and invest it all in BTC but a modest investment that one doesn't actually need right now will likely eventually yield decent returns.
 
Everything is too big to fail now. Bitcoin is the Meta (Facecrook, et al.) of finance.

What is the first domino that will fall?

The equities markets are roaring.

It's the siren call of inflation.
 
thujone said:
Everything is too big to fail now. Bitcoin is the Meta (Facecrook, et al.) of finance.
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If I had BTC or investments, I'd be cashing out and moving to the sticks. There's no way this madness is going to continue on for years or decades. Everything is so interconnected, the come down is going to be brutal.
 
-=SS=- said:
If I had BTC or investments, I'd be cashing out and moving to the sticks. There's no way this madness is going to continue on for years or decades. Everything is so interconnected, the come down is going to be brutal.
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I'm not cashing out because it's better to have equity than to have cash (decays from inflation)

Bottom line is that if inflation is 9% and a dividend aristocrat ETF is gaining 18%, the real rate of return is still good.

The risk of running out of money is always higher than the risk of losing everything.

Bitcoin is the only asset that I think is susceptible to catastrophic loss.

A loss of faith is enough that it could get repriced closer to what the analogs cost.

Look at what has been happening, crypto exchanges are functionally unregulated.

They do wash trading and other outlawed crap, plus are quick to shut down all trading when value is threatened.

It's very transparent that the exchanges are all that is holding up a floor for Bitcoin value.

It's just a matter of time until everyone important enough has finished cashing out and then KABOOM
 
There's more value in crypto than the direction that the dollar is heading.
The dollar is on the verge of collapse.
and it's unwise to have any significant amount your investments in dollars.
Unless it's physical cash that you have stored for when you can't get your saving out your bank, or atm.
 
thujone said:
Look at what has been happening, crypto exchanges are functionally unregulated. They do wash trading and other outlawed crap, plus are quick to shut down all trading when value is threatened. It's very transparent that the exchanges are all that is holding up a floor for Bitcoin value.
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This is what I see too. It became pretty clear after the whole Sam Bankman-Fried thing, the whole thing is a giant bubble just waiting to burst.
ions said:
There's more value in crypto than the direction that the dollar is heading.
The dollar is on the verge of collapse.
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But BTC is literally not backed by anything. It is generated out of solving cryptographic challenges, it has no actual value what so ever. The fact that there is a constrained supply as well just does not lend itself to being an actual currency - I think people are deluding themselves, thinking they're going to ride this wave and essentially be the new ruling class or something because they got in first.. ain't going to happen.

If the dollar collapses, or there are other big economic shocks, BTC is going to pop as well. The whole financial system is one interconnected mess now.
 
Droogs are valuable in a crisis. You can use those as a store of wealth. but you also consume those. unlike gold which is the best option as money.
 
But this runs on the assumption that the government/s, or international bodies, won't enact measures that directly impact the ability to trade or cash out. You can bet they absolutely will for two reasons: to allow them to move their wealth around first as priority over the plebs, and to force measures under the pretext of an emergency.

I don't even think gold or metals will save anyone either to be honest, for the same reasons. There is already historical precedent for targeting gold. As fruity as the 'preppers' are, they have it correct.. it's land and actual resources (wood, water, food) that are the only real hedge against massive economic shocks.
 
Well The Ions Institute will take cryptos, Metals, and droogs as donations.
Sure it'd be nice to have cash. But it's so heavily taxed and devalued it's not worth it.
 
I also have music recorded for a full length album.
Books I've written.
Then the movies I'd like to make.
Entertainment will shift when they realize that Hollywood has been blocking, for lack of a better description, Bluelight entertainment.
 
GfLM20WWEAAexyC
 
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