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You might get away with 1.2-1.3x long-term permanent leverage but more than that and it becomes increasingly likely you will go broke at some point

Banning bitcoin would be very similar to banning gold or dollars, a behavior that goverments engage from time to time. Argentina right now is, for all intents and purposes, trying to ban the ownership of dollars, by severly restricting access to it. Yet on the black market dollars are worth a...

The price would collapse (for a while) but that wouldn't STOP bitcoin, it would continue to be mined, transacted and function. Which is my point

Dalio showing his (current) ignornace with regards to bitcoin https://www.coindesk.com/bridgewaters-dalio-sees-governments-banning-bitcoin-should-it-become-material " In an interview with Yahoo Finance, Dalio said he expects more digitized versions of government-issued currencies in the future...

Gold investors with no bitcoin COULD be like Taxi drivers with medallions and no uber start-up shares. At the very least its a great hedge. Even if is not super likely that bitcoin will overcome gold, its not completely impossible either after all Software eats the world...

https://www.coindesk.com/druckenmiller-invests-bitcoin One by one, they are falling. I think Dalio will need more time but he will get there

And gold is just an atom yet it is worth a lot

I find it interesting that Taleb makes a living off something that Soros said in 1995 in the book Soros on Soros

Main fund soon to be renamed Pure Lack of Alpha https://www.bloomberg.com/news/articles/2020-11-06/bridgewater-loss-stuck-at-18-6-in-main-fund-after-model-tweaks

"The government hasn't announced what it will do with the seized Bitcoins, but in the past it has sold them though auctions run by the U.S. Marshals Service, with the proceeds primarily going to law enforcement agencies." Only in the US can law enforcement become a business

The main indicators precisely were: https://www.cnbc.com/2017/11/29/katy-perry-and-warren-buffett-apparently-gabbed-about-cryptocurrency.html November 29 2017 - BTC Price $11,000 SNL Bitcoin Sketch Dec 10 2017 - BTC Price $15,455 As BTC was in its final exponential phase (of that run)...

So it looks like Bitcoin is in a new firm bull market, I wont make the mistakes that I made the last time around. That is, waste too much time getting in and out of alt coins. My plan is to hold my position in BTC (plus GLXY and some coins I'm bagholding) UNTIL the sell signal appears. The sell...

betfair

Republicans are favored but its still uncertain and illiquid

Trump goes from 35% chance to just under 70% on betfair

Portfolio update I think I'm a bit too light on USD so I want to decrease my futures position a bit

Interesting read https://gbdeclaration.org/frequently-asked-questions/

He is just trying to save his career

https://www.cnbc.com/2020/10/22/-paul-tudor-jones-says-he-likes-bitcoin-even-more-now-rally-still-in-the-first-inning.html

Good balanced article about Covid19 by the Economist magazine...