rkbabang

It's funny in my neighborhood there is a woman who is a state rep and I basically am diametrically opposed to everything she stands for. A lot of my neighbors put her sign in front of their houses, because she lives in the neighborhood and is "such a nice woman". I told one of my neighbors who said that to me that I don't care how nice she is, I'm against everything she stands for, all the bills she's co-sponsored, and all of the votes she's made. I'd rather vote for a complete asshole that I agree with than a nice woman who I don't.

+1. Bitcoin would have rallied in the next 12 months regardless of who won this election. So I disagree with the very premise of this discussion in this thread that it is a "Trump Trade".

My point was that even in 2017 the thought that I could move the price of Bitcoin by posting here was too ridiculous to be taken seriously, and today it is beyond absurd to think anyone here has anything to gain by writing posts on the internet here or elsewhere about Bitcoin. If/when bitcoin succeeds it will be because billions of people, millions of institutions, and hundreds of governments all want to own it. It will not be because of CoBF posts. The very notion is delusional.

I'm zero percent TSLA. I made a huge mistake selling it. I bought 100 shares in ~2015, so I probably paid $20-30K for it (I'm too lazy to look it up), and said I was going to hold them forever, then ended up selling for about a double. That would be 1500 shares right now after the 2 splits worth over $500K.

Thanks, yes absolutely. I've always held multiple investment types, sort of like a diversification of styles I guess.

I absolutely loved the section in Guy Spiers book about social compounding. Such a great concept and he accredits much of his success to the exercise of thank you notes and gratitude. ***This post has been paid for by Gratitude***

When I started the Cryptocurrencies thread1 I did so, not because I thought the people here could move the price of Bitcoin, but because it was something I thought was going to make a lot of money for me and wanted to share the idea here for others to take advantage of. You are completely delusional. 1https://thecobf.com/forum/topic/20408-cryptocurrencies/

You forgot the printing press and sliced bread, but yeah.

+1 I couldn't disagree with TwoCitiesCapital more, but we'll see. No one is going to convince anyone here. If there is no specific threat to crypto in general or Bitcoin in particular then this probably isn't the place to talk about it. These generalized threats, if they were real, would effect everything.

I could listen to this all day.

What exactly is the threat you think you see? He spends a lot and devalues the $? That's a given, regardless of who would have won this election. What do you think he'll do that threatens either you or me personally or Bitcoin itself? I don't see it.

Exactly. Doesn't matter who is president and Trump is likely not any better, or worse, than Kamala in this regard. He's not likely any better or worse from the USD point of view, and he's not going to effect Bitcoin itself long term. But he can stop the attacks on US citizens who own bitcoin which the Elizabeth Warren's of the world would like to engage in. Bitcoin doesn't need him or anyone else, but I am not Bitcoin, I am a US citizen who owns it. And since my Bitcoin is KYC bitcoin bought from Coinbase, the US government knows I own it. I am in less danger now than I otherwise would have been.

I often read about companies that have "key man risk" where investors worry about what would happen if the important person gets hit by a bus. These companies should hire this guy to train such key people.

I still follow him on X

The way I look at it is that maybe he's learned a thing or two from the first term and he's surrounding himself with better people. But maybe not. He's a ... well he's who he is. Even though Bitcoin itself will be ok regardless of who wins - Bitcoin is a world wide thing, it doesn't need or depend on the US and its government - the US government can negatively effect US citizens who hold KYC Bitcoin. Which is the category I'm in. He's most likely to do nothing directly hostile Bitcoin HODLers in the US, with an small possibility that he does something positive (so neutral to slightly positive), the other side is likely to not do anything hostile to Bitcoin HODLers in the US with the slight possibility that they start listening to Elisabeth Warren and her ilk (so neutral to extremely negative). I expect a buying opportunity if Harris wins and I'm trying to save up some cash now in case that happens.

Bitcoin doesn't need Trump to keep any promises, nor does Bitcoin even need Trump to win the election. The faster the debt grows and the weaker the dollar becomes, the faster the $BTC price in USD will go up. It will be driven up not only by the increasing value of Bitcoin, but by the decreasing value of the dollar. It would be nice if we had a Bitcoin friendly president, icing on the cake, but it isn't necessary.

Very well said. I agree that having everything you own in USD is risky, and bitcoin is the hedge. As for the energy it takes to secure it:

I couldn't disagree more. Nothing that the engineers have accomplished at spaceX would have happened if Elon Musk hadn't existed. Period. Highly intelligent and talented engineers are more common than you think (MIT, WPI, RPI, Stanford, etc, etc, etc. graduate classes full of them every single year, year in and year out), and visionary leaders, who are intelligent enough to push technology to the limits of what's possible without being unrealistic crazies (like Tesla was) are so few and far between that you can count all of them in the last century and a half on one hand. (Edison, Ford, Jobs, Gates, & Musk). Sorry people don't like his politics or his bombasticness, but that says far more about his haters than him.

Exactly. Boeing has an extremely talented workforce. I’d bet if Boing and SpaceX swapped management today. SpaceX would go down hill and Boing would be doing miraculous things within a decade. It isn’t because Musk found all the smart engineers and no other company has any.

Nice. These are also good in the same genre

Who are all these men? In my lifetime (52 yrs) I can think of 3. Bill Gates in the 80-90s, Steve Jobs 70s-2000s, and Elon Musk in the 2000s - 2020s. I wouldn't put people who got rich by selling everyday items in a new way (Bezos or Dell) or trading stocks (Buffett or Munger) in the same category.

I can't think of a single product at any of Elon's companies that wasn't seen as "vaporware" at first? I'm not saying Robotaxis will be a thing, I'd bet against it. Even if he can pull off the product, I think Americans like riding in their own private cars too much for any type of Robotaxi to make much money. But he's always pumping some new crazy thing and some of them end up real and successful products. I thought starlink was a crazy idea at first.

I've owned Tesla early on and sold after a little more than a double. I've subsequently lost more money in put options than I originally made owning Tesla. I'd have been better off if I had never bought puts and I'd have been much, much, much better off if I had never sold my Tesla stock.

Even at Twitter/X he got rid of 80% of the employees and has introduced more features and upgrades than pre-Musk twitter had in many years before he bought it. X is thriving under Musk. He over-paid sure, but it is the lone place online where the average person can talk without being censored. I know I quit FB 2 years ago after getting sick of having my posts removed. The political censoring on every other platform is ubiquitous, even though a leftists would probably never see it. SpaceX just had to rescue astronauts Boing left stranded in orbit. Yet most people don't even know this happed. If it was the other way around (SpaceX trapping people in space with a defective spacecraft and Boing had to rescue them) there would have been wall-to-wall coverage on every media outlet, demands for congressional investigations, Hollywood/Netflix would be doing TV series or made for TV movies, etc. But because it was Boing being shown as incompetent on their over-budget spacecraft it was barely mentioned and largely ignored.

Any multi-millionaire/billionaire could just do what Musk did, he's just got a bachelor's degree, he's only a salesman, etc. Please point me to all of the other billionaires that have outcompeted nation-states in the space industry with reusable rockets and grown successful automobile companies from scratch in modern times producing a type of vehicle even the major manufacturers had no success producing. I can't seem to find any info on them. I know you don't like the fact that he supports free speech online, but really, you're full of crap and you know it. He's probably the most important human being that has lived in our life time.