3% would be massive, but the interesting question is what is the allocation likely to be, and what effect will it have.I see your point now. Obviously if it became de rigueur for every or a majority of institutional fund managers to have say 3% crypto in their portfolio - that would be a bit of a game changer. But you are not claiming that.
Coindesk said:ARK Invest CEO Cathie Wood said on CNBC Thursday that bitcoin (BTC), the world's largest cryptocurrency by market value, could reach $1,500,000 in price by 2030 in a bullish scenario, raising her estimate by 50% from a previous prediction of $1 million.
Bitcoin has achieved another ATH, biggest fall in one day.
I was hoping you wouldn't spot that Boss. Still, over 10% fall is pretty impressive if not an ATH. Why are you begrudging bitcoin its day in history?But the higher it gets the bigger the potential falls in absolute terms.
What % did it lose and how does this compare with previous falls?
Brendan
You can make a tangy grape jam with sour grapes, Duke. Or how about this? 108 sour grapes recipes?I was hoping you wouldn't spot that Boss. Still, over 10% fall is pretty impressive if not an ATH. Why are you begrudging bitcoin its day in history?
To be fair, you haven't been rubbing in the sour grapes, unlike some others.You can make a tangy grape jam with sour grapes, Duke. Or how about this? 108 sour grapes recipes?
Pullbacks of up to 30% have been common in these bull market cycles in the past. They're no harm at all as they clear out those that are trading using leverage.
No, I don't think that's the way. At the end of the day, the idea of thrashing all of this stuff through is so that we all can try and figure it out.To be fair, you haven't been rubbing in the sour grapes, unlike some others.
"crypto" ≠ BitcoinI still believe that cryptos are the first real attempt of a Worldwide Ponzi Scheme (never really tried before on such scale) and because we're 8.1 Billion and counting:
...Then there are still new customers to be found for a while...World Population Clock: 8.2 Billion People (LIVE, 2025) - Worldometer
How many people are there in the world? World population has reached 8 billion on November 15, 2022 according to the United Nations. World population live counter with data sheets, graphs, maps, and census data regarding the current, historical, and future world population figures, estimates...www.worldometers.info
I prefer ethical investing...
its all just a speculation. That's not the case.
It’s certainly not a certainty…Hi tecate
What else is it?
Brendan
I'll direct you to 2,149 previous posts on the subject Brendan. I appreciate you have formed the opposite opinion but you can't dispute that Bitcoin continues to develop and find an ever broader audience.Hi tecate
What else is it?
Brendan
Thank you so much @tecate for reminding me of the great song "Only Time Will Tell" of Mike Oldfield!"crypto" ≠ Bitcoin
And in the case of Bitcoin finding new customers, there's no doubt that such a thing is happening. The error you're making though is to reach the conclusion that its all just a speculation. That's not the case.
For someone who complained over the last six years of long repetitive threads, your request doesn't align very well. You've been here every step of the way in those discussions. The arguments remain the same, the disagreement/differing opinions remain the same. You could easily summarize them yourself if you want to. Here's a word from a distinguished expert on the subject: “If you don't believe me or don't get it, I don't have time to try to convince you, sorry.”Summarise them for me.
I have not seen any "use" for it other than use by criminals for payment.
But that must be a tiny percentage of it. It's 99% speculation, but please let me know if I am wrong.
Brendan
Nobody can tell me on AAM how long I have to wait to find out. I have much less hair now than I did when these discussions began (and hair in places I'd rather not have it). Can you give me a year? @letitroll swore blind on three occasions that his bets would beat Banagher. Bitcoin has shown no respect for those predictions.Thank you so much @tecate for reminding me of the great song "Only Time Will Tell" of Mike Oldfield!
We'll all draw our conclusions in due time that's for sure!
I'll stop you right there. That clown has zero to do with Bitcoin. His was a garden variety fraud a la Enron, Madoff, etc. ...aided by the 33% of Capitol Hill politicians that took money off him (and haven't given it back), the SEC, the CFTC, etc. And I'll bring you right back round to what I reminded you about earlier -> "crypto" ≠ Bitcoin...Sam Bankman-Fried already drew his conclusions in the meantime burning overnight 8B USD from common investors!
You've been here every step of the way in those discussions.
The error you're making though is to reach the conclusion that its all just a speculation. That's not the case.
No, you don't stop me ever. Because I state my opinions without any aim to offend ever. So here I am again.I'll stop you right there. That clown has zero to do with Bitcoin. His was a garden variety fraud a la Enron, Madoff, etc. ...aided by the 33% of Capitol Hill politicians that took money off him (and haven't given it back), the SEC, the CFTC, etc. And I'll bring you right back round to what I reminded you about earlier -> "crypto" ≠ Bitcoin
Actually, I only dip in and out.
That’s a very conveniently coloured, selective use case memory you have going on there Brendan. I’ll leave you with it.The last time I looked the only "use" was speculation and criminal activity. But maybe that has changed since I last looked.
I’m not manipulating what you wrote. Yes, Bitcoin is a cryptocurrency but for many years already (here and elsewhere), many people have been pointing out that you can’t tar all crypto projects with the one brush. I guess you can and you are and I’m merely pointing out that its inaccurate to do so. Carry on if you believe them to be all the same but you’ll forgive me if I return and point out the very same distinction as before ->"crypto" ≠ BitcoinFirst of all look at google and you will see that Bitcoin is one of the cryptocurrencies. So Bitcoin is part of crypto and not synonym. So don't manipulate what I wrote before please.
Second, SBF was mentioned in many finance magazines as a genius of crypto and later your party labeled him as "clown"... You included now... Only now...
Yeah, lets pause here and consider a couple of things. Firstly, when you say the "same road" are you saying that both of these guys have committed fraud and stolen customer money? Secondly, you are aware that these are centralized businesses that provide some of the market plumbing relative to crypto yet they have no control over the Bitcoin protocol? Have there ever been wayward businesses in traditional finance? We've covered some of that already haven't we?...although lets top it off by stating that the stream is constant and ongoing. I couldn't give a toss about either of the two you mentioned. The issues with those businesses can be addressed such that customers are protected OR the powers that be can contrive to create certain outcomes and use that for political gain. Again, failings of the old system.Third, please wait... Wait... And we'll see CZ and Brian Armstrong following the same road... Or a similar one... Just wait please...
Bitcoin was invented by an untraceable person behind a fake name not by chance.
Let me think that over...concepts getting overcome by something new and improved? Lets see, Rai stones, gold, fiat....got it! Yes, I agree. And the 'new invention over time' - this is why folks like Brendan, yourself, Duke, etc. can't say when Bitcoin will fail? I have to say, I'm in complete agreement. Maybe I can use cryogenic tech to make sure I'm still here for the moment it gets taken down.Bitcoin has no balance sheet... It's a concept... And every concept gets overcome by a new invention overtime...
I prefer to invest on physical players and ideas. You prefer to invest on something invisibile...
Oh, I see. So AI, there hasn't been any illogical investing into that? Dot com? Positioning in Bitcoin has been played out by the entire spectrum. Again, the trap you've fallen into is the assumption that this is 100% speculation with zero substance...and yet, if that was the case, it would have died within its first market iteration.Bitcoin is the biggest proof of sheep-style investing... But real investing is about jumping from a balance sheet to another is a very subtle and courageous way
So everyone on Wall Street is moral and pays their taxes but anyone who takes a position in Bitcoin doesn't? lol(always paying CGT in accordance with the law)... Most of the times against the grain... That's why 1% of the people own the biggest slice of the capital in the world... But we're not here to discuss morals.
Already addressed. According to what you're saying, if I simply get rid of my Bitcoin portfolio and stick with my stock portfolio, suddenly I become an intelligent investor. The reality is that this is not some sort of choice that people have to make - it's the farthest thing from that. The two items couldn't be more different.We're here to discuss long term, intelligent and smart alternative ways to invest...
You seem to have taken some sort of offence at me suggesting that we pause and examine something that you wrote and see if it checks out. I'm totally unsure how you've taken offence at that when its precisely the point of a discussion board!In other words, feel free to stop someone else please, not me
Peak 202156k peak 2024 so far 65k... And so many low valleys in the price-graphs... There can be better investments to my view...
See above. I've manipulated nothing. I have expressed a differing opinion.I do not appreciate manipulations of what I write........but please without manipulating words written by someone else
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