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I think this standard is way too high. All bitcoin needs to do is become a nonsovereign, uncorrelated store of value (aka how institutional investors use gold) to continue to increase in price (by a lot). Very good case to be made that its way better than gold as this. Missing this bitcoin trade...

Fair enough. I also don’t think it’s proven itself to be any kind of hedge either to be honest. It is uncorrelated tho (except in panics when correlations go to 1, but you can also say that about many assets)

Well comments like “the mother of all tulip blah blah” implies that bitcoin goes down dramatically and doesn’t come back. After all that’s what happened to tulips. I don’t think it does to infinity. I’m not one of those people that will never sell their bitcoin, but I think it goes up a lot...

You all fooling yourself. This is what does it? After 13 years and 150%/yr ... its stable coins (read money market funds) that is going to take down bitcoin? Ill give ya Tether is a bit shady and potentially problematic. Could that cause a large drawdown? Absolutely. Is that what is going to...

"Most of the big move is behind BTC" Just wondering why do you say this? I dont necessarily disagree, but its a qustion I have been wondering myself. There really isn't empirical evidence that these returns are slowing down. So this must just be an option/judgement call. Do you just say that...

What? I Ponzi scheme means paying old investors with new investor money. Bitcoin is open source software where you can see every rule of the protocol ... completely transparent. That is the opposite of a Ponzi scheme. These words have meaning. You can't just call something a Ponzi because you...

Sitting in cash when inflation is 6% (according to govt) and SP500 is at an all-time high? Bold move

I'm very experienced in this area having a quant career on "Wall Street" now for 15 years. In short - it's used but less and less so every day - Python is dominating. R was used a lot more 5 years ago than it is now ... in 5 more years Id think it's used even less. I like R. There really isn't...

Please don't let tether stop you from participating in what is likely to be the greatest wealth transfer mechanism in history. Already bitcoin has annualized >150% returns for 12 freakin years, which is honestly mind-blowing. Thinking that is just going to stop in its tracks is pretty arrogant...

So So bullish IMO. Hashrate being concentrated in China was a very valid concern (not FUD imo), but that concern is now gone. Just made the network even more decentralized and hash rate is ALREADY back to the highs even after a ban in the biggest market. Oh yea, and the network had 0%...

Obviously, you have your mind totally made up with no room for change. I can go into the various BTC use cases, and the mind-blowing possibilities of where this could all be going, but its not going to change your mind. Id just say, this has objectively been pretty much the greatest trade ever...

This is crazy. You don't need to know every high and low to make money (duh). BTC is extremely close to impossible to predict just like every other asset ever. My point is 200%/yr annualized is a hell of a tailwind if used correctly. A tailwind like that makes the bar LOWER to being able to...

Way overblown. Tether just one of several stable coins (the biggest), which are just onramps from fiat to crypto. Way more transparency is needed, but thinking some commercial paper at tether going bad means BTC is doomed makes no sense.

True, fair enough. Doesn't change the fact that those are the statistics. Doesn't take a genius trader to extract profits on the upside with a tailwind like that.

Eh disagree. This is effectively saying the money in any trading account isnt "real" bc there are open profits. Your worth is what the market says now.

Geez a lot of sour grapes in this thread. No doubt BTC can (and will) lose 50-80% in the future (it just lost 50%). But its also true that objectively BTC has been the best performing asset maybe ever over the last decade. Both can be true Being bearish BTC means saying the 200%/year over the...

If you have daily account values, this can easily be produced using python or even excel

No it’s not, it’s something amateurs say and believe. Nobody cares to “reverse engineer” your trades, get over yourself I have heard people not want to sign up for services such as fundseeder.com because of this. It’s very overblown.

I don't think any one book will make you a good trader that's for sure. Its not nearly that easy. That being said I have found great value in Connor's books. He is one of the only that actually shows statistics of his strategies, and they do hold up (I backtested some of them). Also, he is...

Im not saying the market cant crash, or that BTFD will eventually fail. But come on. We need SOME evidence. Currently we are sitting at all time highs, just about the most bullish thing that can happen. Shorting this, or ill go as far as saying not being long, is dumb. Or you can keep fighting...