james22

At the end of 1492 most men in Western Europe felt exceedingly gloomy about the future. Christian civilization appeared to be shrinking in area and dividing into hostile units as its sphere contracted. For over a century there had been no important advance in natural science and registration in the universities dwindled as the instruction they offered became increasingly jejune and lifeless. Institutions were decaying, well-meaning people were growing cynical or desperate, and many intelligent men, for want of something better to do, were endeavoring to escape the present through studying the pagan past. . . . Yet, even as the chroniclers of Nuremberg were correcting their proofs from Koberger’s press, a Spanish caravel named Nina scudded before a winter gale into Lisbon with news of a discovery that was to give old Europe another chance. In a few years we find the mental picture completely changed. Strong monarchs are stamping out privy conspiracy and rebellion; the Church, purged and chastened by the Protestant Reformation, puts her house in order; new ideas flare up throughout Italy, France, Germany and the northern nations; faith in God revives and the human spirit is renewed. The change is complete and startling: “A new envisagement of the world has begun, and men are no longer sighing after the imaginary golden age that lay in the distant past, but speculating as to the golden age that might possibly lie in the oncoming future.” Christopher Columbus belonged to an age that was past, yet he became the sign and symbol of this new age of hope, glory and accomplishment. His medieval faith impelled him to a modern solution: Expansion. https://www.amazon.com/gp/product/0316584789/

Funny discussion to be having on Columbus Day. You can never cross the ocean until you have the courage to lose sight of the shore.

If only we had a Social Credit System to score Elon. LOL

With a stock you can buy a real asset in the real economy and you're contributing to something in the real world, but Bitcoin doesn't really have those characteristics. From 13:14

There is no second best.

I give you credit for betting your beliefs, Luke.

Why so desperate, you might ask? Easy: China is panicked not only about a looming recession, but that it might be falling into the Japan-style doom-loop of structural stagnation thanks to President Xi’s anti-business jihad. The key number here is the interest rate on 30-year government bonds, which is a classic indicator of a zombie economy in the spawning. Ominously, China’s 30-year just fell blow Japan’s. Flirting with zombie territory. https://www.profstonge.com/p/china-enters-the-economic-doom-loop

Sure, but setting aside the advantages of self-custody (of which I'm unconvinced outweigh the disadvantages [actually losing your keys, for one]), I just believe there's more than sufficient reason to invest in a Bitcoin ETF. Don't let good be the enemy of great.

Sure, effort is rewarded. But:

I'll respectfully disagree with Dave and answer: Yes. Because the less educated investor has NO idea what this means:

The European Council on Foreign Relations (ECFR) has published a report warning of the danger that “whiteness” and “Europeanness” pose to the European Union. Titled Welcome to Barbieland: European sentiment in the year of wars and elections, the September 25 report discussed how many people have become “visibly disillusioned with the European project” in a way that has surprised those supportive of the bloc. Rather than citing economic or energy issues faced by the EU, the report blamed, among other things, how “white” the MEPs elected by EU citizens are following the 2024 European Parliament elections in June. https://brusselssignal.eu/2024/09/whiteness-and-europeanness-a-danger-to-eu-ecfr-report-claims/

Truth.

https://thezvi.substack.com/p/book-review-on-the-edge-the-fundamentals

Would I be willing to completely copy another investor? Never.

Now include crypto.

Bipartisan Support Builds For Strategic Bitcoin Reserve All things considered, voter polling data shows consistently that backing bitcoin may be a good bet for members of both political parties. From an electoral perspective, there is massive upside to embracing digital assets and virtually no downside—which makes it all the more likely that bipartisan support for a strategic bitcoin reserve will continue to grow. https://archive.ph/W2cXx

https://www.forbes.com/sites/edanyago/2024/10/02/why-bitcoin-is-becoming-a-part-of-traditional-finance/

Now include Bitcoin.