White House: Biden Will Veto Bitcoin Legislation

[semperfrosty]

I paid about 136k lol.

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Thats sick mate!

Far more impressive than I thought.

Good stuff!

 

[semperfrosty]

I doubt that the "chain" in blockchain has anything to do with Buffett's comparison of crypto to chain letters. It certainly didn't occur to me. Rather it is the hype, urgency and hysteria that makes them comparable. At least that's my take, and I just assumed Buffett's is somewhere along those lines.


You are correct, my mistake. But when TheDawn mentioned him, you did go on to comment, to paraphrase, that he was not relevant to the discussion. That is when I noted how Buffett is a lifelong value investor extraordinaire, how crypto touts screamed "value," and how Buffett was having none of it.

There wasnt any hype,urgency or hysteria with chain letters.Once a year youd get one out of the blue.If you were superstitious youd onsend it,if you werent youd put it in the bin.

Buffet believed(he would know better by now of course)that the blockchain was somehow about onsending information from person to person and eventually someone might profit.

He was incorrect and so far from correct it was laughable.

He has exposure to Bitcoin now,has had the last couple of years.

 

[TheDawn]

Buffet has made his billions.He needs to make 1% per annum to be successful.

You and I aren't rich,we need to look for the opportunities that are home runs,all whilst making what we can from the markets.

Edit to say that I'm not picking on you TheDawn .You just happen to be taking opposite sides in the threads we seem to both be in last couple of days.

Again confirming what I have been saying about Bitcoin starting with my first post in this thread:

Bitcoin has so far failed to achieve every single objective that it's set out to accomplish and is right now basically a tradable commodity at this point.

Every single post since then arguing against me has been confirming this fact again and again and again.

 

[TheDawn]

??? lol. So is gold worthless because of fools gold, and silver, and bronze, and copper????

There are only 21M bitcoin available. There is no substitute.




A store of value means if you store something you will get your value back at least....maybe factoring in free risk whatever. If you stored your value in bitcoin for the last 10 years versus gold, you would probably have a golden toilet versus having your money go down the toilet.

You also call that store of value when it drops by more than 50% in value? LOL If you need to factor in risk (and I don't know what you mean by "free risk". If you are taking on risks for free, you shouldn't be managing your money. LOL You shouldn't be inventing terms that you don't have the slightest idea of what they mean.), then it's a good store of value, if you even know what that term means.

 

[wxytrader]

You also call that store of value when it drops by more than 50% in value? LOL If you need to factor in risk (and I don't know what you mean by "free risk". If you are taking on risks for free, you shouldn't be managing your money. LOL You shouldn't be inventing terms that you don't have the slightest idea of what they mean.), then it's a good store of value, if you even know what that term means.

You've never heard of the risk free rate? Let me ponder your ignorance when it comes to bitcoin while I go for a cruise in my Lambo.

 

[TheDawn]

You've never heard of the risk free rate? Let me ponder your ignorance when it comes to bitcoin while I go for a cruise in my Lambo.

risk-free rate is VERY different from free risk (a term that does not exist). LOL Like I said, you shouldn't be using terms that you don't understand. Make sure you don't open the car windows too wide when you are "cruising", your head might get blown away. LOL

 

[Frederick Foresight]

You also call that store of value when it drops by more than 50% in value? LOL If you need to factor in risk (and I don't know what you mean by "free risk". If you are taking on risks for free, you shouldn't be managing your money. LOL You shouldn't be inventing terms that you don't have the slightest idea of what they mean.), then it's a good store of value, if you even know what that term means.

Yeah, but did he tell you about his…oh wait

my Lambo

 

[wxytrader]

risk-free rate is VERY different from free risk (a term that does not exist). LOL Like I said, you shouldn't be using terms that you don't understand. Make sure you don't open the car windows too wide when you are "cruising", your head might get blown away. LOL

I'm on my phone and not proof reading the obvious lol. If you can't figure out I was referring to the risk-free rate (which wasn't even crucial to the point I was making) then that explains why you don't have a Lambo.

 

[TheDawn]

I'm on my phone and not proof reading the obvious lol. If you can't figure out I was referring to the risk-free rate (which wasn't even crucial to the point I was making) then that explains why you don't have a Lambo.

OK if you say so. LOL To me it sounds more like you have no idea what the term is and you just threw it in there thinking that no one would notice and only decided to google it when I pointed it out. I might not have a lambo but I have something that's worth lot more.

 

[Frederick Foresight]

buffet…is clueless to TA,

That’s what you’re going with? That he doesn’t draw trend lines or use your favorite indicators? Seriously?

Buffet is a value investor. If he was smart he would have added crypto to his portfolio like Tesla did...but instead he chose to keep hurling insults at it because he couldn't understand it.

I’m guessing he understands it better than you do.

It just goes to show you, you don't have to be smart to make money in stocks...

Yeah, that would explain the (alleged) Lambo.