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How about supporting failed traders? :)

Canaries are not very big either, but when they start dropping you better get the hell out of the coal mine.

Congratulations you have found the perfect job!!! :) What do you do with all the money you make?

I could understand if bitcoin was valued at the cost of production. I know what is involved to aquire an ounce of gold and can value it based on that cost. Now when all the bitcoin has been mined, the system requires that miners still operate in order for transactions to be posted. If the...

Interesting! As a skeptic I see a few difference and some similarity to bitcoin. Wampum had value because it had other uses. It was ornimental and used as jewelry. Bitcoin has no other uses. Wampum had value because it was hard to manufacure at the time with the tools available to the natives...

But that fiat money that is not destroyed may be found some day. Same with sunken gold and buried treasure. Bitcoin is gone forever.

I don't know about that. It's very good advice. Very vague and non committal. I expected more specific information from someone who posted about his 13 year journey to success. But I guess he just wanted a pat on the back.

God you are old!!! :)

It's too bad you felt you have wasted your time. I have rather enjoyed our back and forth trying to convince you that bitcoin (not crypto) isn't the end all be all. It's not that I don't want to learn it's more that your arguements haven't convinced me. You haven't addressed my concerns that...

Show your wife your risk control plan. If nothing else that will force you do stick to it.

I was up more than inflation for the year. It's your account value at the end of the year that counts.

But I didn't. Woulda Coulda Shoulda !!! And I was pretty well sitting in cash at the time. And I was late getting back in the market. Opportunity lost. On the bright side I didn't lose any money. My drawdown in 2020 was less than 5%. At the end of the year I was up. I'm sitting in cash again...

People are still holding FAANG stocks???

What is it you expect from a store of value? It is one of the problems I have with bitcoin. I can't figure out how to value it. So I don't know if bitcoin is a bargain today or if it's going much lower. As near as I can figure you have to hope that someone will take it off your hands in the...

Store Of Value Definition - Investopedia A store of value is essentially an asset, commodity, or currency that can be saved, retrieved, and exchanged in the future without deteriorating in value. Do you really believe that?

You asked what I didn't like about bitcoin. We agree on what we don't like about fiat. Bitcoin is supposed to be a currency, It doesn't meet all the criteria of a currency.

Are you aware of anything that is priced in bitcoin?

What I don't like about bitcoin. Let's address this one by one. Let's start with the obvious. It's not a currency. It is not trusted or widely accepted as currency. I know that more and more merchants are accepting bitcoin as a method of payment but I have yet to see products priced in...

Trading; What have I accomplished? Back in the day when other people paid me for my time, I always subscribed to the bucket of water theory. Make a fist, put it in a bucket of water, pull it out quickly. The hole left is how much you'll be missed a month after you leave that job. When I want...