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Its not my intention to not let him have his day, but I think for the benefit of anyone following along, and anyone trying to improve their trading, the mark of success isn't based on just one day. If we only take the charts that he shows and the PnL screenshots that he posts, we would assume...

I don't doubt your results, but for the sake of completeness, lets also not forget how quiet you have been for the past week or two. As I've mentioned before, you only ever show a chart with a trade once you are very much into profit. Are we to assume that on days you don't show a chart, there...

But that's exactly what I am saying. Real estate is eliquid because there are no buyers at the prices that are offered. When the price of Bitcoin is crashing, there are still plenty of buyers that are willing to buy at lower and lower prices and hence why the price can drop. If buyers didn't...

You're mostly right with what you say, but other previous stores of value were very difficult to use. You can't do much with a US treasury as a store of value since you first have to sell it. And real estate is even that much harder to use. The only reason prices haven't collapsed is because...

Just saw this video on who is potentially Mr.100 buying all that bitcoin... Turns out its just an exchange buying bitcoin for their clients. Here is the video... Also of interest, during this Equity market dump, Bitcoin is holding up quite well.... @orbit23 ... where do you capitulate...

And why do you think this is? Don't you think that because the money is broken this has completely changed the incentive structure? Nothing in this world can be fixed until you fix the money.

And this is ok if you ask me. Its not like you buy stuff with gold, or with US treasuries. People buy real estate as a store of value as well, and we don't buy stuff with houses. Bitcoin can of course be used for transactions, so problem there, but I of course prefer using my credit card...

Patience grasshopper

Exactly right. The immutable ledger is a kickass property. The good thing of course about gold is that if you have pure gold then you have it. But lots of people have either fake gold that they don't know, or they think they own gold because they have a piece of paper. They're also isn't a very...

I do agree that people struggle with the idea that the Bitcoin doesn't exist anywhere. They much rather hold a piece of gold. But the limitations on gold are actually quite severe. When it comes time to use in that gold you need to actually transport it. And so then what you get is a derivative...

I don't think I have ever made arguments for NFTs because I personally didn't believe in them. So you might be thinking about John. With reference to valuation, I think since 2015 the price has appreciated spectacularly, but it is true that in the past few years, and especially with ETF...

Once again... I'm talking about BTC, and you keep coming back with NFT. When you can make a solid argument against Bitcoin that can be dealt with rationally, I am ready to listen.

And so here you do what you accuse other people of doing.. changing the goalposts. We aren't talking about NTF's here. We are talking about Bitcoin. Since you don't have a logical argument against what I said, which you claim you didn't read, it would show that you can't argue with the main...

And are you suggesting this is negative? Let's just go right to the roots and see if anyone can argue with what I consider to be first principles. Money is simply a way to store and exchange value. The barter system had to evolve because often, two people couldn't trade directly because...

I think you're starting to understand.... :D

Brilliant.... Now if we ever break the ATH at 73k, will you finally shut up? I just really want to know if you have a point at which you will give up. This is what you keep overlooking. There are too many players, like the government, that will not let Tether collapse. Stablecoins are in...

Since you referenced me, I feel its ok if I reply again. My point is that your style of posting changes. When you're in a trade doing well, you have no problem doing lots of commentary, showing your position with targets, but when you're losing, its dead quiet. Then we have no idea what you...

Its even better than that... Goldman Sachs announced they have a huge Bitcoin position (maybe on behalf of their clients???)

I happen to think that at some point, certain countries won't have a choice, and this includes the US. The only way for the $35T in debt to not matter is for it to be inflated away. They need GDP to grow so the debt/GDP ratio gets under 100% again. Its the only solution, apart from default...

Because that is how important it is to get the word out! :D But they should because its drastically affects their purchasing power going forward. Being denominated in something doesn't mean that it is that something. Right now even bitcoin is denominated in dollars. Shares should absolutely...