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No worries at all. He has his reasons. I think I get it to be honest. There are probably many people who were scared away over the past decade, and this has proven to be quite costly in terms of missed opportunity. So I get where he is coming from. I wish this was drilled into me sooner as...

This is honestly the fear that prevented me from getting into bitcoin much sooner. I just assumed that the government would eventually shut it down. I was buying silver is 2012 to prepare for the end of the world... LOL.... I knew about bitcoin than even before John. But I kept believing that...

I think we likely just need to break 73k, and there will be no looking back. One more higher high, and even more people won't be able to ignore it. Of course there will be profit taking at 100k, but each successive higher high brings in more people. If OG's want to dump, there will be more...

I guess my thinking is that bitcoin going to $1M isn't going to happen in a vacuum. When it gets there, it will be because so much is going wrong. This is why I keep saying that the government is going to push it there because of the stupidity of policies, and not that bitcoiners somehow just...

Taylor Swift is another example. There is a huge team behind the brand.

One more point is this. If you change just one thing about the current system, imagine how much better everything would be. A. Imagine if the Fed didn't rescue banks and allowed Silicon Valley depositors to go bust, only backstopping 250k in deposits. This would send a major message. B...

OMG... we are getting sooooo close! I completely agree that greed underpins everything we do and that will never change. But you see, in one system, the fiat system, someone takes all the money now, and then money is borrowed, so all future money is taken as well. Then you get other countries...

Isn't he at zero here? He went short and long at $100. So in the short he loses 10, in the long he gains $10. I realize that with options, they never go naked short, and they buy a long at a different strike price, thereby limiting losses, but also profits. But in your example, there is no...

Agreed, for the private sector that is really a public/private enterprise, like any of Elon Musk's companies that run on government money, both Tesla with the car subsidies or SpaceX with the government contracts to send rockets into space. Then we have the entire pharma industry that is all...

I'm glad you're already thinking this through. First of all, Blackrock doesn't own the bitcoin, the holders of the ETF do. Second of all, the govenment already has lots of bitcoin, it just shouldn't sell it all. Third of all, governments are supposed to work by funding projects through...

I look at this from the perspective of the butterfly effect. Imagine how much a person can accomplish if they only change one small thing in their life. Maybe they cut out eating a donut every day. All that sugar intake has crazy hormonal imbalances. They also probably put on some weight...

This isn't my area of expertise. I don't understand how he would lose double. Maybe the position is a leveraged position. So if ETH goes up $500, then his position loses more than this. The reason I think to buy the spot was limit the losses over the weekend if price keep going higher since...

Thank-you. That is quite the compliment! But you see, the beauty of bitcoin is that its for everyone, even the drug dealers and pedophiles. I want my enemy to use it and have access to it. The government is the biggest abuser of them all. I fully believe that there is no point in fixing...

Oh, I meant for anyone owning it as an investment, like 2nd and 3rd properties. Of course owning your own house is a good move, but not always. Not at these prices, and there are huge risks from low liquidity and honestly, political risks. With condos for example, when you factor in strata...

I agree, but there are already many countries where Bitcoin, if adopted as a currency, would save them. Lets face it, with inflation, its only going one way. If you have a currency that inflated at even 50% a year, then suffering through a 50% bitcoin drawdown is the same thing, but with...

I think about this as well to be honest. Its just that it would have to do everything bitcoin does, and do it better. I've learned in podcasts that for something new to take over, it can't just be marginally better, but has to be significantly better to get people to switch. The ecosystem for...

I just read Peter Brandt say something similar, but different. He was shorting ETH futures this weekend, but not spot he said because of too much counter party risk. If the market goes against him, he will buy spot, I guess since this is a 24hr market, and then exchange it for the futures...

I honestly don't know what is happening with Tether. Based on how it's supposed to work, they should be taking in USD and minting the USDT on a 1:1 basis. There is a chance they were printing in the past, but I honestly don't think so at this point. The fact that the 2022 bear market didn't...

Darn it. I have a confession to make. A week or two ago I said to someone else that arguing with you is a waste of time and the person making the argument is the stupid one because it should be obvious that you aren't arguing in good faith. I have broken my own rule here. You're not dumb...

Are you willing to bet against a major player making a major bitcoin announcement? This might not be huge, but a sign of things to come. Even a 1% allocation in portfolios around the world means huge buying. You tell me how many bitcoins you would have to buy if you made a 1% allocation...