Bitcoin News Thread

People lose money in all assets due to inexperience and poor behaviour.
In real life if you go to your favourite store and everything has gone up 30% you buy less (or buy none).
If everything is on sale you buy more.

New people in investing do the opposite. They buy what is going up (FOMO), and they sell what is going down (Panic Selling).

Their time frames are far too short (you should invest as if you are going to live forever and only make changes when needed).

And basically they are clueless people trying to get rich quick by investing into something they know nothing about.

Someone who buys a total market index fund (or S&P 500) with a lump sum and doesn't look or touch it for 20 years will
outperform at least 85% of all other investors (other retail investors, day traders, professional fund managers......Ben Felix on YT has all these stats).

I personally do:
85% index funds.
This is my set and forget part of my portfolio.

15% "Hot sauce". Assets that I feel will outperform my index funds over the very long term but that will be more volatile.
But as they are only 15% of my overall portfolio the volatility isn't an issue.
For me this is mainly Bitcoin and Microstrategy (MSTR) stock.

Then of course keep costs as low as possible and act as passively as possibly.
I only act when something as gone parabolic (then I trim it back, not never sell all).
Or if a good asset has crashed and has become a smaller % of my portfolio I buy more (short term crashes = bigger longer term returns).
 
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A few quick questions. Did you have to sell some of your BTC then, and if so what form do you hold it in now? Got a pension? Would you be happy holding BTC with Coinbase?
Buy a nano ledger it’s like a USB stick that has a 24 unique password system so it’s no possible to crack it. I’ve liquidated some but I was fortunate enough to have shares in my previous company that I chose to liquidate as they’d kind of hit a price plateau. Chose to keep most of crypto as it’ll increase in price much more. I’d advise not to hold on coinbase as they’re not your coins. Put it on nano Ledger they belong to you now. I have bits of pensions from various jobs but not much. I should try pull them together. Coinbase is pretty secure but it open to hacking. Your nano cannot be hacked. Are you looking to buy atm?
 
People lose money in all assets due to inexperience and poor behaviour.
In real life if you go to your favourite store and everything has gone up 30% you buy less (or buy none).
If everything is on sale you buy more.

New people in investing do the opposite. They buy what is going up (FOMO), and they sell what is going down (Panic Selling).

Their time frames are far too short (you should invest as if you are going to live forever and only make changes when needed).

And basically they are clueless people trying to get rich quick by investing into something they know nothing about.
If you do this as a job then you clearly know more about this than I do, but I prefer to DCA over a long period of time because I'm just not great at calling the peaks and troughs.
 
If you do this as a job then you clearly know more about this than I do, but I prefer to DCA over a long period of time because I'm just not great at calling the peaks and troughs.
That’s a sensible approach. There’s not really the massive gains to be made these days unless you get lucky with a menacing but I avoid them as tteyre worthless essentially. There’s still 10x gains to be made over the next 5-10 years with say ETH, SOL and BTC
 
If you do this as a job then you clearly know more about this than I do, but I prefer to DCA over a long period of time because I'm just not great at calling the peaks and troughs.
Don’t concern with the peaks and troughs if you’re holding for a few years. It only matters where it’s at when you sell.
 
That’s a sensible approach. There’s not really the massive gains to be made these days unless you get lucky with a menacing but I avoid them as tteyre worthless essentially. There’s still 10x gains to be made over the next 5-10 years with say ETH, SOL and BTC

10 times gain? Is that fact or your opinion?
 
Based on analyst price predictions . Obviously nothing is guaranteed. I’d be happy to show you how to purchase and store it should you choose to.

Price predictions are dangerous and suck people in who see them as fact instead of it being nothing more than just a guess. 5-10 year predictions are completely worthless and dangerous.
 
Price predictions are dangerous and suck people in who see them as fact instead of it being nothing more than just a guess. 5-10 year predictions are completely worthless and dangerous.
They use Bayesian estimation so it’s generally sound. You’re using historical date to make predictions for the future. I appreciate it’s a bit of a minefield and there’s fear around money but I’d not help you chose as that’s on you. I can show you the rest as that’s often what ppl get wrong
 
They use Bayesian estimation so it’s generally sound. You’re using historical date to make predictions for the future. I appreciate it’s a bit of a minefield and there’s fear around money but I’d not help you chose as that’s on you. I can show you the rest as that’s often what ppl get wrong

An estimation is just a guess in other words and not generally sound at all. Historical data is a wet dream for the quants who come and go but has not real basis for future price movements.

My problem is with this as it is a statement of fact and not estimation: There’s still 10x gains to be made over the next 5-10 years with say ETH, SOL and BTC
 
An estimation is just a guess in other words and not generally sound at all. Historical data is a wet dream for the quants who come and go but has not real basis for future price movements.
Baysian estimation is used by the stock markets and most algorithmic technologies to determine optimal bids on keywords. Well it’s served me well so far so. Historical data is the best and most accurate way to predict future results. Otherwise you are literally guessing.It takes into account mountains of data points.
 
An estimation is just a guess in other words and not generally sound at all. Historical data is a wet dream for the quants who come and go but has not real basis for future price movements.

My problem is with this as it is a statement of fact and not estimation: There’s still 10x gains to be made over the next 5-10 years with say ETH, SOL and BTC
My I lnitial investment was at around 4000x but those numbers are not capable now. It’s why I said I’d not tell you anything to buy as that’s for you to look into as im
Not providing advise when others money is at stake.
 
Where is the spectism or pure avoidance coming from regarding cryptocurrency?

I don't have either, I will always congratulate those who got in early and made money from it. I just don't believe there will be 10x gains in the next 5-10 years, that is my opinion though and not a Bayesian (sp) prediction.

Don't forget to pay your capital gains tax when you sell.
 
If you don’t believe then don’t invest. I’d say do some research as I am certain you’ll be fascinated by what is going on and how these techs will revolutionise finance and business. And some smaller ones will do 10x this year. It’s finding where you see most potential value as they’re not currencies they’re tech projects to solve complex issues.
 
An estimation is just a guess in other words and not generally sound at all. Historical data is a wet dream for the quants who come and go but has not real basis for future price movements.

My problem is with this as it is a statement of fact and not estimation: There’s still 10x gains to be made over the next 5-10 years with say ETH, SOL and BTC
All of the major asset classes have an increase in value over time and the primary reason for that is because of inflation. If there was no such thing as inflation then everyone would just keep their wealth in cash. There is inflation so everyone has to keep their wealth in assets that outperform inflation otherwise the value of your money goes down. Stocks for example beat inflation on average over time because everyone gets paid monthly and puts a % of their money into their pension, or savings/investments. That number is always going up (with peaks and troughs over short timescales but over the long term it is going up). The difference with Bitcoin for example is that now that investing in it is legitimised (via ETFs and businesses holding it) it is only now receiving inflows from regular monthly investments but there is a finite amount of bitcoin so with regular investments (which will increasingly be available worldwide via other means for pension funds etc) the price will continue to rise but will rise faster because the supply can't be increased.

It's difficult to get a true measure of who owns bitcoin but it's a very small number of people, something like 2% of the global population, but something like 25% of the global population own or invest in stocks either individually or through a pension (probably more). If global pension funds and investors allocate even the tiniest % of their portfolio to crypto then the numbers are going to increase substantially.

It isn't a guarantee. It could all come crashing down but I think we've reached a point now where it is finally being taken seriously by the institutional investors and that will be more likely to lead to long-term regular inflows rather than outflows.
 
All of the major asset classes have an increase in value over time and the primary reason for that is because of inflation. If there was no such thing as inflation then everyone would just keep their wealth in cash. There is inflation so everyone has to keep their wealth in assets that outperform inflation otherwise the value of your money goes down. Stocks for example beat inflation on average over time because everyone gets paid monthly and puts a % of their money into their pension, or savings/investments. That number is always going up (with peaks and troughs over short timescales but over the long term it is going up). The difference with Bitcoin for example is that now that investing in it is legitimised (via ETFs and businesses holding it) it is only now receiving inflows from regular monthly investments but there is a finite amount of bitcoin so with regular investments (which will increasingly be available worldwide via other means for pension funds etc) the price will continue to rise but will rise faster because the supply can't be increased.

It's difficult to get a true measure of who owns bitcoin but it's a very small number of people, something like 2% of the global population, but something like 25% of the global population own or invest in stocks either individually or through a pension (probably more). If global pension funds and investors allocate even the tiniest % of their portfolio to crypto then the numbers are going to increase substantially.

It isn't a guarantee. It could all come crashing down but I think we've reached a point now where it is finally being taken seriously by the institutional investors and that will be more likely to lead to long-term regular inflows rather than outflows.
Exactly mate it’s past the point of failure due to the institutional investment. They tried to dismiss it as it was a threat but they all eventually realised they’d made a big error.
 
I don't have either, I will always congratulate those who got in early and made money from it. I just don't believe there will be 10x gains in the next 5-10 years, that is my opinion though and not a Bayesian (sp) prediction.

Don't forget to pay your capital gains tax when you sell.
That’s all in hand. I may liquidate some in Portugal as I’m looking to move their and they have much looser tax around cryptocurrency.
 
People lose money in all assets due to inexperience and poor behaviour.
In real life if you go to your favourite store and everything has gone up 30% you buy less (or buy none).
If everything is on sale you buy more.

New people in investing do the opposite. They buy what is going up (FOMO), and they sell what is going down (Panic Selling).

Their time frames are far too short (you should invest as if you are going to live forever and only make changes when needed).

And basically they are clueless people trying to get rich quick by investing into something they know nothing about.

Someone who buys a total market index fund (or S&P 500) with a lump sum and doesn't look or touch it for 20 years will
outperform at least 85% of all other investors (other retail investors, day traders, professional fund managers......Ben Felix on YT has all these stats).

I personally do:
85% index funds.
This is my set and forget part of my portfolio.

15% "Hot sauce". Assets that I feel will outperform my index funds over the very long term but that will be more volatile.
But as they are only 15% of my overall portfolio the volatility isn't an issue.
For me this is mainly Bitcoin and Microstrategy (MSTR) stock.

Then of course keep costs as low as possible and act as passively as possibly.
I only act when something as gone parabolic (then I trim it back, not never sell all).
Or if a good asset has crashed and has become a smaller % of my portfolio I buy more (short term crashes = bigger longer term returns).
I didn’t touch any of mine till earlier this year so just held on my wallet.
 
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