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    Bitcoin Price Thread

    It's very difficult to beat buy & hold. Imagine starting with $10,000 when BTC was $1,000. Just to equal buy & hold, you'd have to have grown that $10,000 to $380,000. Most people would fail.
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    Survey: what are you doing with BTC?

    Actually, Bitcoin seems like a fairly good candidate for trading. Unlike most volatile markets, it's not thinly traded. It's highly liquid. Trading isn't currently dominated by professionals. In fact, it's volatility is likely due to a preponderance of largely "unsophisticated" investors. It's...
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    Mining

    The Pilbara was on Aussie Gold Hunters last night. It looks like one of the most inhospitable regions of Oz.
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    Survey: what are you doing with BTC?

    Or you could hedge your bets and go 50/50 long/short, and see which one wins. The only way this wouldn't work out is if BTC became a stable (low volatility) asset but somehow I can't see that happening. :D In all likelihood, one of those positions will become worthless and the other will moon.
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    Survey: what are you doing with BTC?

    I don't know if I've covered all the bases but just pick the closest match.
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    When are you wrong about Bitcoin??

    I only see Bitcoin as a speculative asset. And I suspect the majority of investors may only be in it for NgU. I regret not buying in Spring 2019 when I seriously considered it. Oh well. If I was a holder, I'd be concerned about how it might react if we get a major financial...
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    Increased Adoption of Metaverse NFTs Will Power the Next NFT Growth Cycle

    And celebrities, who only bought them to be trendy, won't care. It will only be a tiny % of their wealth, and they can always write them down as a tax loss.
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    An analogy for Coinbase from the 90s

    Couldn't the same be said of gold? Like Bitcoin, the value of gold is pretty much down to rarity. Apart from a few niche applications and jewellery, most of it ends up as shiny bars sitting in vaults doing absolutely nothing, with no utility value.
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    Warren Buffett gives his most expansive explanation for why he doesn’t believe in bitcoin

    Buffett has always had a downer on gold too, even though it's been a SoV for millennia and is a core holding of most Central Banks. Gold serves little purpose either. There are a few niche applications but generally it's too expensive to use other than for jewellery. Most of it just sits in...
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    Here's how I turned $3,500 into millions buying and selling digital art

    Well, you may not have to wait too long to test that theory. :D
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    Crypto expert Justin Bieber buys NFT for 1.3 MM

    I'd have to sell my house to buy one, so prolly not. :D
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    Crypto expert Justin Bieber buys NFT for 1.3 MM

    Are you treating your Bored Ape(s) as a long term investment, or short/medium term speculation?
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    Here's how I turned $3,500 into millions buying and selling digital art

    I remember similar madness at the end of dotcom. No doubt it was the same leading up to 1929. I wonder what (if anything) will survive the hangover when it comes?
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    Hold most of your savings in BTC?

    Not your conventional porfolio but at least you've diversified. :)
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    Which way? A Gold Timing exercise

    Let me guess, you are the one. :D
  16. E

    Which way? A Gold Timing exercise

    Ask ten traders what they see in a chart and you'll probably get ten different answers. :D
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    Wild futures

    PS. For extreme volatility, Bitcoin probably takes some beating.
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    Which way? A Gold Timing exercise

    FWIW, technically, the bull market is still intact. Both 200dma and 60dma still in an uptrend, with 60 above 200. https://www.kitco.com/charts/techcharts_gold.html We could possibly be in for another leg up in the next few months.
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    Wild futures

    Silver is a tiny market and also pretty volatile.
  20. E

    Hold most of your savings in BTC?

    And you've still got your sanity? :D
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