I’m completely puzzled on what to do. Market valuations are out of control. Commodity prices reach new highs everyday. Real inflation is over 10%. Cash is a liability. Going into 2022 I was fully invested. Very little cash in my accounts. Loaded up across fifteen different names and pockets full of physical gold.
I would really encourage you to dig below the surface of the popular narrative about bitcoin. It is not what you have heard from any mainstream source. If you are able to read and understand Satoshi’s white paper it’s immediately obvious that what he was describing is very different than the bitcoin we know today as BTC.
You’re right, bitcoin isn’t supposed to be an “investment”, it’s just digital cash. But BTC is useless as cash because it doesn’t scale. Its utility has been intentionally kneecapped by certain parties hostile to Satoshi’s vision in order to drive price speculation and turn it into a harmless Ponzi scheme that doesn’t actually threaten the business model of payment processors like Visa, MasterCard, PayPal, Venmo etc.
Very powerful forces are pushing the propaganda that holds up BTC as bitcoin, but it’s a false flag. DYOR!
I'd love to chat with you about this. I worked at Coinbase and launched Coinbase Commerce while there to make it easy to accept bitcoin and other cryptocurrencies as a form of payment. Buying bitcoin is speculation vs. investing since there are no future cash flows; that said it's a bet that a form of money that has a decentralized means of production (anyone can mine it) and deterministic rate of production (the inflation schedule is known in advance) will eventually outperform money that has centralized means of production (think The Fed) and uncertain rates of production (think gold rushes and/or printer go brrrr). The adoption of Bitcoin is a rather large unknown but this is the first time humans have had a form of money that has both decentralized production and a deterministic rate of production. Further it's the only form of money machines can actually hold themselves.
Lyn Alden has some great articles on bitcoin. Suggests dollar cost averaging as best way for most to invest. Swan bitcoin is a great way to dca on a daily basis with low fees. I have around 1 percent allocation to bitcoin (dca daily through Swan) and another 1 percent to digital services (coinbase, riot, marathon). If it succeeds long term, great... If not, what's 2 percent? I'm also a subscriber to your pro service... Well worth the $.... Keep doing what you do!
If you are interested to know who Satoshi is look up Adam Back, CEO of blockstream. It’s pretty obvious that he is satoshi when you do some research on him.
It's important to note that Bitcoin is also legal tender in about 4 countries now. That makes bitcoin an antidote to digital currency. The point of digital currency, and it must be fought to the end, is it's not bitcoin, it's not a crypto. It's a state fiat currency where the state can program how you spend your money. Imagine these nanny state democrats saying "no you can't buy firearms". Sorry you can't shop at that store because they don't support the correct orthodoxy. Oh you pissed off the state, I'm shutting you down (like what the chinese have). But now, you can exchange whatever currency for that local fiat where bitcoin is legal tender, then buy bitcoin.
What email can I reach you at because I replied directly to the subscription emails but I’m not sure if that’s how I can contact you directly. I also contacted sub stack support for a refund because I was charged without consent. I signed up once last year and I did not consent to an auto renewal. I will be commenting on every post to get your attention until I am in contact with you and the refund is issued. You can reach me at thestocksage@gmail.com
I feel physical currencies will always have their place, as its the only way to transact and be 100% certain there's no digital trace. Additionally, there's always counterparty risk with any cryptocurrency that isn't stored in a cold wallet in your physical posession.
The way various governments have weaponized money over the past year has made me more concerned about counterparty risk and I'm sure I'm not the only one.
That said, certain blockchains are great for transacting on, and IMO could emerge as competitors to companies like Paypal. Have you tried sending or receiving on Algorand, for example? Transfers settle literally within seconds and the fees are a faction of a percent.
There are plenty of meme coins which can be compared to unprofitable tech and SPACs, but there are also plenty of blockchains with practical, real world applications, kinda like the undervalued companies with real assets that you invest in.
why can't we just spend hyperinflated dollars - painful as it may be? We will just have more of them and perhaps cut-off some zeroes for 'convenience'. quite a few countries have cut-off zeroes and with cashless debit cards and bank accounts, it's just a number on a screen, bitcoin or regular cash in your electronic bank account.
I would really encourage you to dig below the surface of the popular narrative about bitcoin. It is not what you have heard from any mainstream source. If you are able to read and understand Satoshi’s white paper it’s immediately obvious that what he was describing is very different than the bitcoin we know today as BTC.
You’re right, bitcoin isn’t supposed to be an “investment”, it’s just digital cash. But BTC is useless as cash because it doesn’t scale. Its utility has been intentionally kneecapped by certain parties hostile to Satoshi’s vision in order to drive price speculation and turn it into a harmless Ponzi scheme that doesn’t actually threaten the business model of payment processors like Visa, MasterCard, PayPal, Venmo etc.
Very powerful forces are pushing the propaganda that holds up BTC as bitcoin, but it’s a false flag. DYOR!
Learn more here: https://thatsbtcnotbitcoin.com/
I'd love to chat with you about this. I worked at Coinbase and launched Coinbase Commerce while there to make it easy to accept bitcoin and other cryptocurrencies as a form of payment. Buying bitcoin is speculation vs. investing since there are no future cash flows; that said it's a bet that a form of money that has a decentralized means of production (anyone can mine it) and deterministic rate of production (the inflation schedule is known in advance) will eventually outperform money that has centralized means of production (think The Fed) and uncertain rates of production (think gold rushes and/or printer go brrrr). The adoption of Bitcoin is a rather large unknown but this is the first time humans have had a form of money that has both decentralized production and a deterministic rate of production. Further it's the only form of money machines can actually hold themselves.
Lyn Alden has some great articles on bitcoin. Suggests dollar cost averaging as best way for most to invest. Swan bitcoin is a great way to dca on a daily basis with low fees. I have around 1 percent allocation to bitcoin (dca daily through Swan) and another 1 percent to digital services (coinbase, riot, marathon). If it succeeds long term, great... If not, what's 2 percent? I'm also a subscriber to your pro service... Well worth the $.... Keep doing what you do!
If you are interested to know who Satoshi is look up Adam Back, CEO of blockstream. It’s pretty obvious that he is satoshi when you do some research on him.
It's important to note that Bitcoin is also legal tender in about 4 countries now. That makes bitcoin an antidote to digital currency. The point of digital currency, and it must be fought to the end, is it's not bitcoin, it's not a crypto. It's a state fiat currency where the state can program how you spend your money. Imagine these nanny state democrats saying "no you can't buy firearms". Sorry you can't shop at that store because they don't support the correct orthodoxy. Oh you pissed off the state, I'm shutting you down (like what the chinese have). But now, you can exchange whatever currency for that local fiat where bitcoin is legal tender, then buy bitcoin.
What email can I reach you at because I replied directly to the subscription emails but I’m not sure if that’s how I can contact you directly. I also contacted sub stack support for a refund because I was charged without consent. I signed up once last year and I did not consent to an auto renewal. I will be commenting on every post to get your attention until I am in contact with you and the refund is issued. You can reach me at thestocksage@gmail.com
bitcoin is likely the hardest money that will ever exist. question is: how much do you value absolute scarcity when it comes to your money?
I feel physical currencies will always have their place, as its the only way to transact and be 100% certain there's no digital trace. Additionally, there's always counterparty risk with any cryptocurrency that isn't stored in a cold wallet in your physical posession.
The way various governments have weaponized money over the past year has made me more concerned about counterparty risk and I'm sure I'm not the only one.
That said, certain blockchains are great for transacting on, and IMO could emerge as competitors to companies like Paypal. Have you tried sending or receiving on Algorand, for example? Transfers settle literally within seconds and the fees are a faction of a percent.
There are plenty of meme coins which can be compared to unprofitable tech and SPACs, but there are also plenty of blockchains with practical, real world applications, kinda like the undervalued companies with real assets that you invest in.
20% interest reinvested on stablecoins is my cup of tea, for now
I’m doing well in my BTC speculation but I’m scared that the govt just shuts it down.
why can't we just spend hyperinflated dollars - painful as it may be? We will just have more of them and perhaps cut-off some zeroes for 'convenience'. quite a few countries have cut-off zeroes and with cashless debit cards and bank accounts, it's just a number on a screen, bitcoin or regular cash in your electronic bank account.