james22

Funny this thread isn't getting more attention. But bullish.

How China strangled its golden goose – and paid a terrible price Under Xi’s tightening grip, Hong Kong’s days as a global deal-making hub are numbered https://www.telegraph.co.uk/business/2024/02/29/hong-kong-turn-back-on-capitalism-taylor-swift-leo-messi/?s=09

No one watches TCAF? https://www.youtube.com/@TheCompoundNews/videos

1. LOL 2. It's possible those who frequent fast food places aren't familiar with the highest of caliber local steakhouses.

Red China Isn’t ‘Back’ Under Xi Jinping. It Never Went Away https://time.com/6758445/red-china-xi-jinping/

If it [bitcoin] did grow to consume significant energy, I think it would still be less wasteful than the labour and resource intensive conventional banking activity it would replace. The cost would be an order of magnitude less than the billions in banking fees that pay for all those brick and mortar buildings, skyscrapers and junk mail credit card offers. - Satoshi https://crypto.news/satoshi-explains-btc-more-energy-efficient-than-banks/ I don't need to be to invest in it - do you believe any company you invest in will grow to the sky? Just that we're early on the adoption curve. But if I had to guess, the $14T market cap of completely adopted gold seems a reasonable target. (Others believe that's conservative.) Until bitcoin hits $700K/coin, I'd probably believe it hasn't been completely adopted. (That doesn't mean I believe its adoption is inevitable, I don't.)

Bitcoin's efficiency allows energy to be put to more productive use. At what point would you say bitcoin has been adopted?

How about the "symbolic analysts"? The jobs that are coming under attack first are the jobs that up to now have resisted technological replacement. https://instapundit.substack.com/p/the-coming-symbolic-analyst-meltdown?sd=pf

We could be in the midst of the first fear-based investment bubble in American history, with the masses buying in not out of avarice, but from a mentality of abject terror. Robots, software and automation, owned by Capital, are notching new victories over Labor at an ever accelerating rate. It’s gone parabolic in recent years – every industry, every region of the country, and all over the world. It’s thrilling to be a part of if you’re an owner of the robots, the software and the automation. If you’re a part of the capital side of that equation. If you’re on the other side, however – the losing side – it’s a horror movie in slow motion. The only way out? Invest in your own destruction. In this context, the FANG stocks are not a gimmick or a fad, they’re a f***ing life raft. Market commentators rhetorically ask aloud what multiple should investors pay to own the technology giants. That’s the wrong question when people feel like they’re drowning. What multiple would you pay to survive? Grab a raft. https://thereformedbroker.com/2017/10/16/just-own-the-damn-robots/

No, not trading. Just interested, and moreso when jumping as much as it has overnight lately.

24hr trading is killing my sleep.

Is Nubank speculating in crypto?

Your parents will probably unknowingly own BTC in their Target Retirement fund before they ask you about it.

Too early for FOMO yet, I think. Most oblivious or still unconvinced. More probably just (ETF) demand > supply. FOMO only maybe once surpasses ATH ($69k)? Inflation-adjusted ATH ($80k)? $100k?

Why not Bitcoin? Buffett’s strong anti-crypto stance may change after reviewing the firm's performance in 2023. The top performing investment in 2023 for Berkshire Hathaway was a Brazilian fintech Nu Holdings Ltd.. The company owns Nubank, a neobank that offers credit cards and banking as well as crypto trading for users. It offers 15 different tokens, as well as its own utility token called Nucoin. https://finance.yahoo.com/news/warren-buffett-warming-bitcoin-berkshire-213010874.html

It's beginning.

I think the risk-reward proposition for Bitcoin in the year 2024 is better than any other time in the history of the asset. Saylor

Chainalysis found that only 0.34% [$24.2B] of the transaction volume with cryptocurrencies in 2023 was attributable to criminal activity. https://www.chainalysis.com/blog/2024-crypto-crime-report-introduction/ Research suggests that illicit activities in the EU generated about €110 billion in 2010 – or around 1% of the EU’s GDP. https://transparency.eu/priority/financial-flows-crime/

Josh Brown just guessed the mystery stock BRK is buying is Amazon.

It's not a bubble, it's an adoption curve.

Criminals don't trust anybody, but they trust Bitcoin.