rkbabang

For those of you managing OPM I can see where this would make sense. But for your own personal funds, this seems a bit conservative.

The 1st reviewer on Amazon had some interesting things to say about the book. One of the comments was about nanobots being used in humans. I recently finished a scifi series “the Old Mans War” by John Scalzi, in which he presents bio engineered humans with nanoblood, which could handle a lot of things from viruses to enhanced protection of traumatic wound sites. The story includes a lot of other fantastic, seemingly impossible now, ideas. It’s a really fun series to read. I just bought “Singularity” as it seems like it will be a fun read and possibly useful. Yes, he talks about a lot of far out stuff. He extrapolates the rate of technological growth to the point where we basically have unlimited computing power, AI of unimaginable intelligence (the singularity), live almost forever, etc...

I read it, but it was a long time ago. Maybe 10 years or more ago, I don't know. All I remember is that I enjoyed it. I can't remember all of the details. It would actually be interesting to go back and re-read it to see how far off or on he is so far. I'm sure he made predictions for the 2020s in it.

I think of those as more similar to Ethereum than Bitcoin, as you said. I think we will see Bitcoin as an institutional store of value where Ethereum, et al, will be used for all kinds of things, but value will come in to be used then go back out to be stored. I think there is room for more than one Turing complete blockchain, they will compete on functionality, stability, ease of use, etc. Ethereum will likely be one of the winners just because of first mover advantage, a large userbase, and being good enough for most applications.

Just resold those FSLY shares for $103.10 and put more into BRKB and BAM. The volatility in stocks like FSLY is mind boggling. It is probably a good idea to move into safety like FSLY but I can understand if someone who bought this much lower just continues to hold. I bought at $23. That was 20% of my shares that I sold, bought back, and resold. I've now taken more than my cost basis out, so the remaining 80% of my shares are going to be a long term hold.

So now that the section-which-must-not-be-named has been archived, is there any progress on the new site?

Don't worry if you don't understand it. The Fed is playing 4D chess while everyone else is playing 2D chess. You just have to believe.

Just resold those FSLY shares for $103.10 and put more into BRKB and BAM.

Sold some AAPL today and added more BRKB. Like with SE, just trimming my large high flyers a little bit and putting it in something safer.

Anything overtly negative for SE? Or just locking short term bump? I'm still trying to build a full position for SE. No just taking some profits. SE has grown to become a much larger position for me than I am comfortable with. I didn't sell much, about 10% of my shares.

I don't think this is new info. Tether was the big concern in 2018 too. It doesn't change my long term opinion of BTC, although it could create a good buying opportunity if it crashes the crypto markets. Anyone know if there is a good way to short USDT?

Sold a small amount of SE to add to BRKB and BAM.

"a decade ago he was given 7,002 bitcoins as a reward for making a video explaining how the cryptocurrency works... the contents of his wallet are valued at $240m. But Thomas has forgotten the password that will unlock his fortune. Thomas has already entered the wrong password eight times, and if he guesses wrong two more times his hard drive, which contains his private keys to the bitcoin, will be encrypted – and he’ll never see the money" https://www.theguardian.com/technology/2021/jan/12/in-bits-the-programmer-locked-out-of-his-130m-bitcoin-account

There's this guy:

I half agree with LC. Being in #1 myself, I will certainly sell some at some point. Everyone has a price. My price is when I can sell half of my crypto, and after taxes pay off both of my houses + take out my cost basis (which is tiny and practically not significant anyway). That will be less than a double from here. I think #1 will start selling, but people in this group will never sell everything. It will be a bumpy ride as demand from the broader market and institutions increases, but whales start to cash out and/or diversify. As I wrote earlier in this thread: https://www.cornerofberkshireandfairfax.ca/forum/general-discussion/cryptocurrencies/msg443127/#msg443127 "The Bitcoin store of value theory is just a theory at this point. Relatively speaking, very few people own it and almost no institutions do yet. There is a huge risk that the theory is wrong. Also BTC is very concentrated in a relatively few accounts (so called "whales"). If the BTC store of value theory plays out the way I think it will, it will be a bumpy ride. Institutions trying to get in driving the price up, the occasional whale cashing out driving the price down. Quite times like most of 2020 where it drifts. Eventually this will all settle down and be more stable, but not anytime soon. It is the largest asymmetric opportunity that I know of. Maybe a once in a century type thing."

I'm sure he doesn't but I do. I always get the feeling that there are some great actionable ideas embedded in his posts that I am just not smart enough to extract, understand, and implement. Take crypto, I have just been very simple, I've bought some and held. I'd love to be able to create a small highly leveraged bet on the downside when it hits closer to 50K, but I have no idea how to do that.

When does regret set in? $40k, $80k, $500k? ;) It doesn't - until we buy the put ;) A whole lot of stimulus cheques, and a whole lot of Robin Hood, could really make our year. Lots of small trades, collectively and consecutively hitting the ask, and all adding to the network effect - this is where we learn about the REAL use of options. Success at a 50K market strike, a 50% decline to 25K, and a CME derivative, will change lives. And if the premium cost is < the realized gain to date, a punch card punt. When you are young, mitigated risk is your friend NOT your enemy - something often not realized until too late. SD Nobody makes me feel less educated than when SD writes something. I have to read everything you write multiple times and still come away not understanding half of it. Not sure the takeaway from this - but I'm most likely the idiot. I think you just said you're going to buy puts at $50k strike and get rich at 25k - and then added some guru-like prophetic clause at the end? LOL, thank god I'm not the only one. Sometimes I read SD's posts and I am not sure if he isn't being clear, English not being his 1st language, or I am just too dense to understand. I usually conclude that it is probably a little bit of the former and a good amount of the latter.

I agree with you, I down sized from 4000+ sqft to 3000 sq ft 5 years ago and I always drive my cars 10 years or more. I just bought a Lexus GX this year as well as a Forester, but I won't buy another car for a decade or more. There will be no $600/mo car payments. I did have a chuckle at your comment about the "only 3000 sq ft" house though. I grew up in a house that was about 700 sq ft with one bathroom smaller than one of my closets in my house now. Even though I've lived in larger, I still think of my 3000 sq ft house with 4 bd, 3.5 baths and 3 car garage as massive and unnecessarily extravagant.

My stock holdings for 2020: 60.21% Holdings that did well (in no particular order): AYRWF, FSLY, AAPL, AMZN, SHOP, TTD, SE, SWAV, TRUP, TRRSF, APPN, AAXN, UI, SDGR, WFCF Crypto holdings in 2020: 329.48% and up another 39.08% YTD in 2021. As of today my crypto holdings are about 29% of my total stock/crypto portfolio. BTC is now my largest holding of any type. Holdings mostly BTC, ETH, XMR, XTZ

The only stock I own out of all of them listed above is AYR Strategies and it sure had a great year. I don't think it was this topic that I first heard it, because I owned it already by the end of 2019, but I'm pretty sure it was one of your posts where I first heard of it. Thanks.

Use any wallet and just keep control of it yourself until you wish to give it to the child.

I just finished season 2, it was really good. S1 was okay, S2 will make it worth it.

I bought some MSTR in my IRA, but yeah, for the most part I agree just but BTC.