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Comparing BTC to pets.com?? Do you really think BTC is such an insignificant innovation that it's like pets.com? (serious question)

Wow, we need a quant 101 class in this forum. NOT BEING A DIRECT HEDGE DOESNT MEAN ITS 'POINTLESS' Low correlation still greatly improves return/risk metrics (sharpe ratio) of a portfolio, even if correlations go to 1 in a crisis. It's not a hedge, but still very useful in increasing the...

I'll add that while I totally agree that BTC isn't a hedge, it is uncorrelated with stocks and bonds. Now in a crisis when equities are getting killed then BTC will go down too (hence not a hedge). In fairness to bitcoin though, this is true of a lot of stuff. Other stocks, corporate bonds...

you average 1% per day?? Congrats on the ~250% per year. If that is true you would be the richest person in the world in a few short years. Congrats on being the greatest trader of all time

OK man going right there, tho it's typical of your behavior. Was just a comment on the decentralized nature of the bitcoin network. Russian, China, etc can ban BTC but the network will continue to work flawlessly. It's my OPINION that bitcoin will become a more important part of the global...

Stupid mistake, not the first and wont be the last. Countries will soon learn that they are not banning bitcoin ... they are just banning themselves from the bitcoin network

Eh I dunno man. Again I want this to be true but I don't see it. Here is rolling 100-day standard deviation for BTC ... certainly lower than 2011-2013 but looks to me to be roughly the same vol since call it 2015...

I'm a bitcoin fan and want to believe this to be true .. but I see no evidence for it. People hypothesized that institutional adoption would lead to lower volatility but again empirically this has not been the case. Sure maybe BTC is less volatile than the very early days (2009-2011) but it's...

Trillion

I think those are all fair points. I would just say if the network participation keeps growing exponentially like it has been hard to see the asset go to 0. That being said, some amateur bitocin people have argued that the vol / large drawdowns are a thing of the past bc higher market cap, more...

Great question! I hope this came in a good-faith manner, I think it did. Bitcoin invented a way to transfer value online without a third-party intermediary, completely peer to peer. It also invented a protocol in which all transactions (and all holding of participants) is known by all, can't be...

I would love to have an honest/intellectual convo with bitcoin skeptics about the many data points that could be bitcoin reg flags (totally serious) will @Pekelo and others explain their skepticism? Or just go low because there actually isn’t anything there / he hasn’t really thought this...

If you fork bitcoin it’s no longer bitcoin, it’s something else entirely. Bitcoin does have a fixed supply. If you think bitcoin has the same utility as your shit well I can’t help ya there. Read my last post I’d love to hear a serious rebuttal. I’m being serious. There is certainly concerns...

Not sure why you are making personal attacks? Your points are pretty easy to counter 1 This is literally anything. For anything old investors benefit when new ones come in. What is the difference here? 2. Do some research. The amount of new coins created is tiny compared to daily volume. Also...

I don’t understand this at all. It’s true there is no cap on new crypto, but there is on certain protocols/coins. Most of these cryptos won’t work, just like stocks. An analogy is there is infinity share of potential new stocks, but only finite shares of AAPL. Does the fact that there is no...

Eek man. I’m not going to change your mind, but don’t you think it’s possible that you are missing something (or many things)? This went from $0 to 1T in 12 years, the greatest returning asset pretty much ever, don’t you think the market may be on to something and maybe your hate toward it is...

I know it’s fashionable, especially if you missed all of this, to call crypto a ponzi. Surely some are frauds, and some won’t make it, but painting this broad brush is dumb. Surely you don’t think BItcoin is a ponzi do you? How can something that’s is 100% transparent, where you can see all the...

Nearly everybody on this forum has this opinion, despite the now 13-year spectacular returns (170%/yr). Just speculative vehicle, no use case, bubble, pump and dump, etc Guys open your mind a little bit - this is extremely wrong. Don't take my word for it - look at the market! Nothing makes...

I'm a bitcoin fan I admit, but if you arent that's honestly fine. I do understand some of the arguments on the other side (such as it's too volatile to be a currency). While I think the arguments miss some bigger picture points, that's fine. I get where people are coming from when they say these...

Right but people have been saying it since at least 2013. How long is this peak going to last?