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But isn't this just using Bitcoin as an investment? Like putting your spare savings in stocks or gold? --------- Here's a question for you. Would you take a job that paid 1.2 BTC per year? Every month you get paid 0.1 BTC. Had you done this 12 months ago it wouldn't have seemed too bad a...

I don't recall there being any particular good news when it started going back up after the 2014 and 2018 bear markets. BTC has repeated this boom and bust cycle often enough now that folks just expect it to continue doing the same thing. This has instilled the belief that, if you buy near the...

BTC isn't as distressed as I might have expected. I can't help wondering if it may be in for another leg down (final capitulation low) before this bear market is exhausted.

Why Bitcoin Is Not A True Medium Of Exchange It’s Too Deflationary and Volatile

FWIW, my bet is there will be another bull run. But what the StF and other abstract theories don't take into account is the response of Governments around the world. The amount of capital it would take to drive BTC to $1M would be staggering, and I can't see Governments just standing by and...

I do wonder though how many would continue to HODL if it no longer has rip roaring bull markets.

I think it's a pertinent question to ask. Throughout its short history, Bitcoin has only ever existed in a climate of low inflation, low interest rates/QE and relatively benign market conditions (a very long equity bull market in fact). In this new climate, is Bitcoin going to continue...

Yes but purely as a trading (speculative) opportunity. I doubt they'll be looking to get wedded to it as a long term investment. :D

7% as of now but I wonder what it was 6 months or a year ago? Ie. how much of the fund have they lost during this crypto bear market, where BTC has drawn down 75% and other coins and crypto securities have lost even more.

A cross above the 200-dma may not be a bad sign. No guarantees of course, and you won't nail the bottom but it might signal that the worst is in the rear view mirror. Looks to be still a way to go before this happens though...

But even if there was only BTC, it would probably end up just like gold with far more $ in derivatives (futures, options, ETFs etc) than coins. People say gold price is manipulated, and I don't know if that's true but BTC could be just as easily manipulated with derivatives. The finite...

Your rationale for holding BTC might be a minority view. I think for many, it's still all about speculation (NGU/get rich quickly). I recall you saying you invested in silver after the GFC, presumably for similar reasons. I bought into that same narrative too, which turned out to be a very...

Yes, I'm always interested to hear different takes on this.

Sorry, I should have realized you guys might have lost your sense of humor a bit. :)

:D

@johnarb Have you ever considered scaling up your trading? All you'd need to do is: set up a company create a "safe stable" token attract a load of gullible [crypto] investors borrow a few tens of $billions from lenders who don't ask too many questions and away you go...

Well, that's certainly the way it seems after all the recent blow-ups. And this is supposed to be an improvement on tradfi? :rolleyes:

It would make a good film. Although it might be a bit premature. With crypto, there could be even more spectacular blow-ups still to come. :D

No, I think you'll find you're wrong. All the motors are brushless AC induction, and I'm pretty sure most, if not all, are 415V 3-phase. There's an inverter which converts battery DC to AC. DC motors would never cut it for the horsepower requirements of a modern EV. They also need to be high...