Search found 465 matches

by bitcoininthevp
Wed Aug 25, 2021 10:11 am
Forum: Variable Portfolio Discussion
Topic: BTC in the PP
Replies: 230
Views: 111435

Re: BTC in the PP

I think bitcoininthevp makes a great point that all stores of value are actually greater fool assets. All stores of value can be overvalued at a given point in time only knowable in hindsight so I think it goes back to time preference. Paying 30% more for gold 100 years ago doesn't seem like such a...
by bitcoininthevp
Wed Aug 25, 2021 10:07 am
Forum: Variable Portfolio Discussion
Topic: Why the Fedcoin will be bullish for Bitcoin
Replies: 10
Views: 2367

Re: Why the Fedcoin will be bullish for Bitcoin

CBDCs seem inevitable to me. CBDCs also seem to me one of the biggest threats to humanity that I can imagine. Government controlling your tax rate based on political ties. Your money expires. Limits to how much you can spend on meat in a month. Cant send funds to that guy that said something bad abo...
by bitcoininthevp
Wed Aug 25, 2021 9:55 am
Forum: Variable Portfolio Discussion
Topic: ways to profit from bitcoin crash
Replies: 3
Views: 1860

Re: ways to profit from bitcoin crash

As mentioned, you can use options. Buy put spreads or sell call spreads.

You could also buy bitcoin and then short the futures and capture the premium. Not a short play persay, more market neutral.

I hope you made some profits on the 65k->28k moves.
by bitcoininthevp
Wed Aug 25, 2021 9:47 am
Forum: Variable Portfolio Discussion
Topic: Crypto convert
Replies: 12
Views: 4826

Re: Crypto convert

Ok, so after months of listening to crypto lectures and playing around with different platforms I've been converted. I see the groundbreaking and revolutionary promises this technology can bring to our lives. I'll add however, that besides an alternative store of value, bitcoin is pretty useless an...
by bitcoininthevp
Wed Aug 25, 2021 9:36 am
Forum: Variable Portfolio Discussion
Topic: Why the Fedcoin will be bullish for Bitcoin
Replies: 10
Views: 2367

Re: Why the Fedcoin will be bullish for Bitcoin

What is the problem of stablecoins that you are trying to solve? Fedcoin (CBDC buzzword) is not going to be anything like a cryptocurrency in that the Fed will want complete control (allow certain transactions, block others, etc). Current stablecoins (USDC, USDT) that are backed will probably be reg...
by bitcoininthevp
Wed Aug 25, 2021 8:25 am
Forum: Politics
Topic: Bitcoin is Galt's Gulch
Replies: 52
Views: 9555

Re: Bitcoin is Galt's Gulch

I just don't see how "anonymity" and "technology that immutably and forever keeps a complete record of all transactions ever" go together at all. Pseudonymous is a more accurate term. There are identifiers on the blockchain (addresses) but they dont "need" to be tied to real world identities, altho...
by bitcoininthevp
Wed Aug 25, 2021 8:21 am
Forum: Politics
Topic: Bitcoin is Galt's Gulch
Replies: 52
Views: 9555

Re: Bitcoin is Galt's Gulch

In Ayn Rand's Atlas Shrugged, the most productive members of society grow tired of carrying the yoke. The value of their productive effort is increasingly drained by cronies in Washington. They awaken to the fact that they are responsible for keeping this anti-life system going. They realize it is ...
by bitcoininthevp
Wed Aug 25, 2021 8:16 am
Forum: Variable Portfolio Discussion
Topic: I think it’s time to move into crypto
Replies: 160
Views: 77431

Re: I think it’s time to move into crypto

But how much wealth it stores has nothing to do with market cap but based on the depth of liquidity. Of course it does. How can Bitcoin, with a 21 million supply cap, store $1,000,000,000 of wealth if the exchange rate is $1, for example? So the amount of wealth it stores exactly has to do with the...
by bitcoininthevp
Wed Aug 25, 2021 8:11 am
Forum: Politics
Topic: Bitcoin is Galt's Gulch
Replies: 52
Views: 9555

Re: Bitcoin is Galt's Gulch

Bitcoin is anti-central bank. And thus is the enemy of governments. They largely have not understood (or underestimated?) this so far. But yes, it will continue to be banned and regulated throughout the world. But the banning of Bitcoin in some countries actually makes Bitcoin more appealing in oth...
by bitcoininthevp
Wed Aug 25, 2021 8:02 am
Forum: Variable Portfolio Discussion
Topic: BTC in the PP
Replies: 230
Views: 111435

Re: BTC in the PP

Security : Bitcoin involves counter-parties whereas gold does not. No. Seizure resistance : Recent theft by hackers of millions of bitcoin $$$ value. Gold stored in trusted regions can have Plausible Deniability/paper trails established relatively easily. This is like saying gold isnt seizure resis...
by bitcoininthevp
Wed Aug 25, 2021 7:56 am
Forum: Variable Portfolio Discussion
Topic: BTC in the PP
Replies: 230
Views: 111435

Re: BTC in the PP

vincent_c wrote:
Tue Aug 24, 2021 4:36 pm
I disagree that value is subjective.
vincent_c wrote:
Tue Aug 24, 2021 4:36 pm
Something could be valuable to you but to no one else
;D
by bitcoininthevp
Tue Aug 24, 2021 1:56 pm
Forum: Politics
Topic: Bitcoin is Galt's Gulch
Replies: 52
Views: 9555

Re: Bitcoin is Galt's Gulch

What can you use it for besides selling it to someone else? I've wondered this for a long time. This is basically one definition of money. Something like "The most saleable goods are the likeliest to become used as a medium of exchange and eventually emerge as the money." from Menger / Austrian sch...
by bitcoininthevp
Tue Aug 24, 2021 1:50 pm
Forum: Variable Portfolio Discussion
Topic: BTC in the PP
Replies: 230
Views: 111435

Re: BTC in the PP

glennds wrote:
Mon Aug 23, 2021 1:59 pm
I have a foot in each camp, I'm probably 75% long under store of value theory, and 25% trading the volatility as a shameless speculator.
People are speculating on Bitcoin's store of value (and resulting monetization).
by bitcoininthevp
Tue Aug 24, 2021 1:45 pm
Forum: Variable Portfolio Discussion
Topic: BTC in the PP
Replies: 230
Views: 111435

Re: BTC in the PP

Does "monetary-like assets" put a better label on it? Or you basically only going to accept government issued currencies, a unit of account focus, as "money" (the 3 year olds understanding of money)? I think it’s actually very helpful to start referring to them as monetary assets. This differentiat...
by bitcoininthevp
Tue Aug 24, 2021 1:41 pm
Forum: Variable Portfolio Discussion
Topic: BTC in the PP
Replies: 230
Views: 111435

Re: BTC in the PP

I think gold and bitcoin are stores of value. Gold, paintings by a favored dead artist, etc. are finite/scarce and as such tend to store value. When one is selling to raise cash/money another with surplus capital looks to buy. Bit coin scarcity is virtual/manufactured, could vanish overnight. Bit c...
by bitcoininthevp
Sat Aug 21, 2021 10:49 am
Forum: Politics
Topic: Bitcoin is Galt's Gulch
Replies: 52
Views: 9555

Re: Bitcoin is Galt's Gulch

It seems to me that the biggest risk is that this fad will pass over, just like tulip bulbs and Beanie Babies. A hunk of shiny metal as opposed to 1110001? Not even a question as to which one is real. "1110001? Worthless. 1110011? Now THERE'S a number! Have some actual goods and services!" The whol...
by bitcoininthevp
Sat Aug 21, 2021 10:45 am
Forum: Politics
Topic: Bitcoin is Galt's Gulch
Replies: 52
Views: 9555

Re: Bitcoin is Galt's Gulch

What can you use it for besides selling it to someone else? I've wondered this for a long time. This is basically one definition of money. Something like "The most saleable goods are the likeliest to become used as a medium of exchange and eventually emerge as the money." from Menger / Austrian sch...
by bitcoininthevp
Sat Aug 21, 2021 10:40 am
Forum: Variable Portfolio Discussion
Topic: BTC in the PP
Replies: 230
Views: 111435

Re: BTC in the PP

I’m tired of people saying gold or bitcoin is money. What is the point of using the term money anyway given that everything we use is just a proxy for a theoretical concept. Words are hard sometimes but they are all we got. What would you like to call things like gold and bitcoin? Just assets? Its ...
by bitcoininthevp
Sat Aug 21, 2021 10:29 am
Forum: Variable Portfolio Discussion
Topic: I think it’s time to move into crypto
Replies: 160
Views: 77431

Re: I think it’s time to move into crypto

Other than quibbling about the definition of money, do you have a disagreement with the fact that bitcoin is taking up an ever increasing amount of the worlds wealth (store of value)? And do you think Bitcoin has followed the trajectory outlined in this chart so far? https://pbs.twimg.com/media/Di95...
by bitcoininthevp
Fri Aug 20, 2021 6:48 pm
Forum: Variable Portfolio Discussion
Topic: BTC in the PP
Replies: 230
Views: 111435

Re: BTC in the PP

Time value of money is a fiat concept. It does not exist as a law of nature….only in a fiat economy. In all honesty I’m not against the fiat economy….to me, hold debt in fiat and wealth in BTC. It’s the perfect recipe! Time value of money is a human fact and has nothing to do with fiat, its directl...
by bitcoininthevp
Fri Aug 20, 2021 2:00 pm
Forum: Variable Portfolio Discussion
Topic: BTC in the PP
Replies: 230
Views: 111435

Re: BTC in the PP

I just don't think BTC out-gold's gold any more than an apple out-oranges an orange even though they're both fruit. But if an investor decides for their own reasons to shift from apples to oranges staying within the fruit family, it's not for me to say they're wrong. You mentioned overlap right? So...
by bitcoininthevp
Fri Aug 20, 2021 1:54 pm
Forum: Permanent Portfolio Discussion
Topic: Bitcoin as a complement or alternative to gold in the PP
Replies: 178
Views: 55027

Re: Bitcoin as a complement or alternative to gold in the PP

The TIME magazine market top indicator is getting very close. It isn't a cover yet but at this rate I expect bitcoin to be on the cover this year. https://www.thestreet.com/crypto/bitcoin/time-magazine-to-hold-bitcoin For reference housing indicator https://ritholtz.com/2005/06/uh-oh-time-magazine-...
by bitcoininthevp
Fri Aug 20, 2021 1:53 pm
Forum: Variable Portfolio Discussion
Topic: I think it’s time to move into crypto
Replies: 160
Views: 77431

Re: I think it’s time to move into crypto

What i meat by "use" I shrugged was....if i want to buy or sell something using bitcoin instead of dollars or Euros for some reason, can't i just buy and sell the bitcoin practically at the same time? If the only use for bitcoins or satoshis is transferring ownership of them, what is the point of e...
by bitcoininthevp
Fri Aug 20, 2021 1:44 pm
Forum: Variable Portfolio Discussion
Topic: I think it’s time to move into crypto
Replies: 160
Views: 77431

Re: I think it’s time to move into crypto

The main difference between gold and bitcoin is a bitcoin has no practical use. What is a "use" compared to a "practical use"? Sending a bearer asset over the Internet seems like both a use and a practical use? It doesn't have physical properties and it doesn't "do" anything. All you can do with a ...
by bitcoininthevp
Fri Aug 20, 2021 1:39 pm
Forum: Variable Portfolio Discussion
Topic: I think it’s time to move into crypto
Replies: 160
Views: 77431

Re: I think it’s time to move into crypto

Is there even one person on earth that could use 300,000 satoshis? This does not sound like something that is scare to me so i must be missing something. Replace satoshis with pennies/dollars/etc and you can see how strange this argument is. "Is there even one person on earth that could use 300,000...