rkbabang

When the left starting using terms like "hate speech", calling everyone who disagrees with them Nazis, and equating words with violence, what did you expect was going to start happening? <sigh> I just broke my policy of avoiding this thread.

That's awful, but you are probably correct. The average 401K plan will be able to choose from a fund of shitcoins, a fund of the companies stock, and 6 other funds all heavily weighted in the same 10-20 stocks.

Yes, Fidelity has great 401K plans. My company uses Fidelity and I can buy individual stocks, covered calls/puts, sell calls/puts, anything you can do in a non-margin brokerage account. It's funny how some companies don't want their employees to have the ability to invest their own retirement savings, yet they usually give them the ability to put it into company stock as an option. Investing your entire retirement into the company you work for has to be a lot riskier than managing your own portfolio with a world of other options at your disposal.

On Netflix there is a series of series all called "Trainwreck" then a subtitle. I've watched a few of them and they are entertaining. One is about American Apparel, another about the crack smoking mayor of Toronto. Another called something like Trainwreck Poopcruise, about the cruise ship that had a fire, lost power and the toilets all started overflowing. I'm currently watching the one about Woodstock 99. And there are a few more I haven't seen yet.

Yes, Alts will crash hard at some point. I think the 4yr bitcoin cycle will remain as long as the block reward is significant, but every cycle from here on out the lows won't be as low and the highs won't be as high as previous cycles. It will just keep grinding upwards long term.

I’m up 23.6% YTD. And up 32.7% from Nov 1st. (Before the election). That’s just my stock portfolio, Bitcoin is up nicely as well.

The other issue is when you take out a loan in USD and it is backed by savings in USD, if USD declines in value both your savings and the principal on the loan decline by the same amount simultaneously. If you take out a loan in USD backed by savings in something else, if that something else has a large decline in USD price, even temporarily, you can run into problems. There is sure to be growing pains getting this right. Also if I’m not mistaken other cryptocurrencies are allowed as well, not just Bitcoin. Loans backed by pumped up shitcoin bubbles does seem like a recipe for disaster.

I think this topic will likely become more active again in the coming years.

No problem. I happen to think that Bitcoin will go up in value from here, but I know that there are no guarantees. The people who bought urban property in Japan in 1995 thought that the value would go up.

Every single Bitcoin is backed by Bitcoin. Just like every ounce of gold is backed by gold, every dollar is backed by a dollar, and every acre of land is backed by an acre of land. If you buy a house today there is no guarantee that you get what you paid for it next week or next year in dollar terms. Nothing backs any hard asset other than the asset itself.

I'm becoming a big fan of the Inverse gfp's Neighbor Strategy.

I've been going down the Ren rabbit hole the last few days. If you've never heard of him he's not really easy to categorize. He has a lot of rap songs which I haven't been able to get into much (not my type of thing), but he has a some songs where he just plays the guitar and sings, live in one full take with just him and his guitar and a microphone, no overdubbing or autotune. The guy is talented as hell. "Hi Ren" was the first song/video I ran across and it struck me as the most original thing I've heard and seen in a long time. Not just the music and singing, but the lyrics/storytelling, videography, and even his acting is genius. Hi Ren: Here are few duets he sings with someone else I've never heard of (Chinchilla). The first one is amazing. How to be me: Chalk Outlines: Here's another one that, like Hi Ren is hard to characterize, more theater than traditional song. Not something you would put on your playlist and listen to in your car probably, but an amazing video, performance, and storytelling. The Tale of Jenny & Screech: This song he wrote about a friend that killed himself when he was young: Su!cide: And here a few really original re-makes/covers: Back on 74/Message In A Bottle: I Shot the Sheriff: EDIT: How could I post about Ren to an investment board and forget this one: Money Game:

USD/EUR is down 8.77% YTD.

Which is the main reason for:

Culture isn't a color or a race. What separates the rich from the poor nations isn't skin color it is culture. The reason we aren't all still living in caves is culture. The reason Europe went from the middle ages to the Renaissance was a evolution of culture. What separated Hong Kong from the rest of China wasn't a race or a color, it was culture. Some cultures are far, far, far, far superior than others, and the western/enlightenment culture is the best culture mankind has created thus far.

Arizona. https://www.kgun9.com/news/local-news/gov-katie-hobbs-signs-bill-to-create-bitcoin-reserve-days-after-vetoing-other-crypto-legislation

2024 total NH state revenue was $8.3 billion. So it is either 5% of $290M or 5% of $8B.

Although reading the text of the bill it says: "The state treasurer shall not invest more than 5 percent of the total amount of public funds in any of the authorized investments." I don't know if "public funds" = Revenue Stabilization Reserve Account. I'm going to have to look more into this.

The Revenue Stabilization Reserve Account (Rainy Day Fund) is 292,524,898 (page 28 here).

Too many historical accounts of that type of contract being violated to take it seriously. The 2 main things to know about fiat is: - There exists people who can produce as many of these as they wish. - If it benefits these people to produce more they will. These are the main questions from my last post (which you ignored): - What backs the cash? - What is its "intrinsic" value? - Why value something which someone else can produce an infinite amount of at will with no work at all? - Why get paid in something that someone else can produce an infinite amount of at will with no work at all?

So stocks are valuable because they represent ownership in a company that (hopefully) produces cash, but you are assuming this "cash" is valuable. What backs the cash? What is its "intrinsic" value? Why do people value it at all? What if a Bitcoin mining company produces Bitcoin instead of cash? What if a company uses its cash to acquire Bitcoin? What makes your "cash" more valuable than Bitcoin? Cash - whether it be dollars, pounds, pesos, euros, ... - is nothing but a social construct. Why value something which someone else can produce an infinite amount of at will with no work at all? Why get paid in something that someone else can produce an infinite amount of at will with no work at all? Right now the only reason to work for dollars or euros that I can see is because it is still possible to exchange them for Bitcoin.

All value is subjective and based on the diminishing marginal utility of the next unit of anything that they want. This is true for everything humans value. It is why diamonds and gold are worth more than water and air to most people most of the time. And why you value $10M far more than Bill Gates does.

Not as rich as I should be given what I wrote above. In 2011 I was reading about Bitcoin and reading the Bitcoin talk forum, but never bought any. I remember when it hit $1, but never bought any. It next hit my radar when I read that it was over $1000. I thought I missed it, but when it crashed I bought a little in 2014 around $200. But, again, not as much as I should have. It was more of playing with a technical curiosity than an investment. So I have more Bitcoin than a lot of people, but no where as much as I wish I had bought. I didn't really understand its value until sometime after starting this discussion here in 2017. Also I spent time playing with altcoins/shitcoins as well.

I've owned Bitcoin for about 11 years and have been following 14 years or so. In all that time the arguments against it are always the same, or very similar. There is one argument that is most common on this board, but not much elsewhere - I'll call it the value investor's argument - which is: "It doesn't produce cashflow". Yeah, well these people would never invest in gold (just shiny rocks), diamonds, oil futures, paintings, or antique cars either, so it isn't really an argument against Bitcoin itself, it is just someone telling you that it is outside the category of things they like to invest in. That is perfectly fine, you shouldn't buy any Bitcoin, yet people seem to get worked up over it (on both sides). It's like an electrician stating that he doesn't do plumbing. That's fine, you can make your money in some other way. The other argument is the more common one with the general public and it is the one tooskin is using. It is in the form: "I don't understand why it has value, therefore it has no value." or "I think it has no value, so it has no value." You can't really argue against that either. I mean, the info is out there, I've answered why I think it has value myself probably 20 -30 times right here on this board, as have many others. At this point more than 15 years after Bitcoin was created there are more articles and good books on the subject than it is possible to mention in this post. If you just don't get it - or you don't want to understand it - or you understand but don't agree - then, yeah, you probably shouldn't buy Bitcoin either.

Yes. Tooskin's Law: If tooskin watches something and is convinced it has no value (based on number of pages in CoBF board) when many perceive it has some value then it is a zero. Sometimes phrased as "Anything tooskin thinks has no value is Sears."