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Well i'm moving away from buy-and-hold. The method im developing now would have sold at the high. Anyway, measuring from pre covid high to current dip: BTC 10,500 to 31,000. BERK 226 to 313

Both Berkshire and BTC dipped seriously in the covid crash. Berkshire recovered from 178 to 358. BTC recovered from 3,500 to 68,000. Berkshire pre-covid panic = 226. BTC pre-covid panic = 10,500. I believe thats a 60% gain compared to 600% gain, or 10x from pre covid to post recovery despite...

Ok then maybe the people who enjoyed the covid-19 plunge in the stock market, and then realized BTC was correlated?

Same people who are enjoying the pain of Berkshire Hathaway, down to 313 from 358?

Show me a risk-off store of value and i could probably show you the monopoly on violence that masks the real risk.

But it's not, which is why the question failed. Inflation is technically the failure of the dollar. BTC is a hedge against the failure of the dollar measured by inflation (currently there is an anti-correlation between the dollar and BTC as measured by the DXY. When the dollar goes up, stock...

Yeah, kind of embarrassing too. But someone explained, i think it was Michael Saylor, that the stock market is, or has been a hedge against inflation. It has always gone up, because the dollar has always gone down. So if BTC is a hedge against inflation, it too might be thrown in with the...

He may have made his presentation before BTC became 1:1 correlated with the Nasdaq. So the logic goes like this: BTC = worth zero. BTC 1:1 correlated to Nasdaq. Therefore, Nasdaq = worth zero.

Still, the USD is compared to most other currencies. People are constantly evaluating whether it deserves to be "stronger" versus "weaker". Few are "pegged" to the dollar, if that's what you are suggesting. It's only a coincidence if anyone references USD, and would usually be for the...

Well that is politics, and there is always going to be something "established" before a new thing replaces it. If anything is compared to the USD, it's for similar reasons measurements in the world are either metric or imperial. That was political. Doesn't mean imperial is better...

Or, you can trade BTC for a home, which i said i would do. No need for intermediary mediums of exchange. In valuing the BTC for my home, i might be thinking about points of reference, but i don't need to tell you about my references. It's worth 68,000 oranges right now, imo. But i...

Not sure what you mean. You're sounding like a Democrat, not making much sense. How do you extrapolate my willingness to sell my home for one BTC right now, with a willingness to pay one BTC to have my lawn mowed? How did you get there from here?

Probably Charlie Munger's personal mathematician.

Well i did that, very first answer. I said i would take one BTC right now. If i thought it was worth more i would take more BTC. I don't have to mention USD, but in this country, USD is the most ubiquitous medium of exchange for points. Whatever medium is most ubiquitous in any region...

Seems you failed to ask the right question. What makes your question correct?

Yes i would. If i thought my home was worth more than $37,000, i would ask for more. But at whatever price i thought it was worth, i would take BTC right now. I would take BTC for the service values i offer others too, those points i earn for exchanging my skill points for the points they...

The value of people points. People accumulate points to the degree that they offer value to other people. Points are exchanging all the time, and some people accumulate an excess amount of points, more than they need to survive at the moment. Those points are often kept track of using...

In the popularity and confidence in it's ability to store, safely and reliably, whatever value is registered on it's blockchain. There's value, in other words, in having a place to store value, besides underneath the mattress. If you have a safety deposit box inside a big brick bank, for...

He didn't think his thesis was important enough to make a decent, clear recording and clear speech. Makes me dislike people who like the USD because of it's ponzi characteristics. First off, he frames BTC as a security and expects to get some cash flow from this security. So already he's...

The correlation is remarkable. On weekends, looks like BTC would prefer to drift upwards. There's a chart out there though that suggests despite the correlation, ETH is outperforming. I did a quick check and found nine out of ten days correlated, but every once in a while ETH completely ignores...