A ‘crypto winter’ freezes hiring at Coinbase and Gemini

"The Bitcoin Standard"
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I have it, but there are a shitload of other books I am working through at the moment. Currently in progress is Victor Niederhoffer's Practical Speculation.

Fun fact: His brother Roy has been trading futures on crypto for over half a decade now in his hedge fund and is very bullish.
 
The_Krakenite said:
I have it, but there are a shitload of other books I am working through at the moment. Currently in progress is Victor Niederhoffer's Practical Speculation.

Fun fact: His brother Roy has been trading futures on crypto for over half a decade now in his hedge fund and is very bullish.
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BTC futures rolled out in late Dec, 2017.
 
The_Krakenite said:
I'm not sure that's a concern, but a benefit.

ETH spawned off as a better improvement of BTC.

From there we got the entire DeFi system built...

And from DeFi we had all sorts of newer things come along, from the first DAO to NFTs, etc. At the current rate of development, it's hard to predict what new structures from DeFi will spawn forth a year from now.
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And how does that enhance the value of bitcoin?
 
This is where you crypto guys get it wrong. You are unable to separate the technology and the technological advancements from the underlying asset. This is like getting excited about compuserve, AOL or pets.com because of the internet. Look, I have made money in crypto -- if there is a trend -- I want to be in it. In many ways, you guys are like the gold bugs. It's not a religion -- it's an asset class. And like Kevin Bacon said in "Footloose" by quoting King Solomon, there is a time for everything -- a time to buy, a time to hold, a time to sell, and a time to dance.


The_Krakenite said:
I'm not sure that's a concern, but a benefit.

ETH spawned off as a better improvement of BTC.

From there we got the entire DeFi system built...

And from DeFi we had all sorts of newer things come along, from the first DAO to NFTs, etc. At the current rate of development, it's hard to predict what new structures from DeFi will spawn forth a year from now.
More...
 
formikatrading said:
This is where you crypto guys get it wrong. You are unable to separate the technology and the technological advancements from the underlying asset. This is like getting excited about compuserve, AOL or pets.com because of the internet. Look, I have made money in crypto -- if there is a trend -- I want to be in it. In many ways, you guys are like the gold bugs. It's not a religion -- it's an asset class. And like Kevin Bacon said in "Footloose" by quoting King Solomon, there is a time for everything -- a time to buy, a time to hold, a time to sell, and a time to dance.
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So what are you trying to tell us now?

Bitcoin is still here, it went from a price of less than 1 cent and now worth close to $30,000

Ethereum is still here, it went from a price of 20 cents and now worth close to $1,800

You want to make money, no one's stopping you. You want to short BTC until it goes back to 1 cent? you will make a lot of $$$

Stop complaining about cryptos, make the trades and if you want to share with us how you're making money, I would appreciate it but you don't have to
 
Of course, no one can be sure of anything... except as Munger says, "The US dollar is headed to zero."

As Keynes said, "We are all dead in the long run."

What more is there to say? There is no Pelosi crystal ball in cryptos.
 
formikatrading said:
That you guys can't be sure that crypto will be worth __$ at any point in the future.
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Ahh, so you're saying there's a risk to any investments?

Just like there was a risk to being invested in to Barings Bank, Lehman Brothers, Kodak, BlockBuster, Argentinian bonds, etc?

I think Bitcoin risk/reward is much better than PYPL, GOOG, FB, AAPL, BAC, and a bunch of other stocks

I don't think you agree but it's ok with me
 
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