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I don't understand why you say it's insane from a risk perspective. BTC has averaged 160% gain per year for the last decade. Why is it risky putting your money into the fastest consistently appreciating asset that we've seen in our lifetime?

The US Government is $27 Trillion in debt. That doesn't sound like very solid backing to me.

The question you need to ask is what's backing the U.S. dollar? Would you rather own an asset with a finite supply or one where the supply is ever increasing? Look, the only reason why gold is considered a safe haven is because it's a rock in the earth that requires ridiculous resources to...

Link?

Anyone on the planet who is facing a devalued fiat currency (all current U.S. Citizens for example). See, here's the problem. You put 10k into your bank account and you wake up the next morning and see that there's 10k in your bank account and you're like, "Cool, this is solid." But what you...

26% BTC along with 24% ETH with 11% Matic and 11% Cardano with the remainder distributed amongst cash, real estate, etc.

Ok, well how about this. You take your 100k and stick it into your PayPal or Venmo account and I'll take 100k and put it in my BTC account and we'll see how both accounts stand within a year or two. I can assure you that history will not be on your side.

Bitcoin has shown over time that it's really not a cryptocurrency. That's actually a terrible name. It's a crypto asset. Forget about making payments for coffee and minuscule items like that. Use USD for that. The fact of the matter is that bitcoin is the best savings account you can ever put...

Digital assets firm Galaxy Digital has published a report claiming that Bitcoin is more than twice as green as the international banking system. https://decrypt.co/71116/galaxy-digital-claims-banks-use-over-double-energy-bitcoin

No offensive taken on my part. We all try to make the best decisions we can and we will all make different choices based upon our own outlook and risk tolerances over time. And we all take each other's outlook into consideration (even though we may not be swayed), otherwise we wouldn't be here...

LOL, that one is a recipe for disaster. If Elon and God-knows-who wants to promote that, that's great for them, but the underlying math and usefulness of that particular instrument just isn't compelling for me.

I understand. I do make a lot of shorter-term trades based on things that are more speculative. So for example, I bought Uniswap a month or so ago and I just didn't like how it was reacting on overall positive days in the crypto market so I swapped it out for Polygon Matic. That one has doubled...

Ok, let's think about this for a second. So we consume as much energy as the country of Netherlands to provide instant transfers and real-time banking to 8 billion people on the planet with a mobile phone in their pocket, many of which have never had a bank account in their lives and are still...

Look, we can all speculate about the near-term price and we may all have differing opinions about that issue. But just like a casino makes money from the sheer mathematics of the gambling business, BTC as a long-term hold is nothing but money in my opinion. If you want to use TA as your...

Wow. This correction is great news. Just bought more BTC at $42.9k.

Consulting your great grandfathers for technology advice is clearly not the best choice.

I had several back-and-forth email exchanges with them about marketing their services here years ago, but they never took any action to move forward. It was either "we'll get back to you" or "we're gonna push this back until another time". Sometimes I would simply get no reply at all. I'm not...

In light of this thread calling the BTC top, I just bought more BTC today.

I hope you're right because buying a dip down to $25k followed by another all time high would be a great trade.

Just so we are all clear. Your thread title is "Bitcoin has topped", so you're saying that bitcoin will never be in the $50k's or $60k's again? I'm trying to understand exactly what you are calling.