elliott

are Polkadot, Chainlink, Cardano... competitors of both Bitcoin and Ethereum, or just of Ethereum? I ask because these coins are often said to have the same, or more, features than Ethereum, but with better technology, while Bitcoin is already accepted to have less features than even Ethereum. of course, this doesnt make them friends of Bitcoin, but, at least to my eyes, does make Ethereum their main rival. those points are arguable, and many will say even totally wrong. I am not asking about whether they are true or not, I just mention them as point of departure, because I think they represent a very widely held view. if you dont agree with that, though, please say so. discussing about what we speculate most people think may also prove useful. thanks.

Went back some pages, but did not find anything about the theory that Tether printed without USD backing are being used to manipulate the price of BTC up. There may be something, however, as this was already being discussed out there a few months ago. In any case, if this is true, and regulation was to stop the proliferation of tether (and/or similar stable coins), the price of bitcoin could be negatively impacted, so the argument goes. What do you make of it? https://medium.com/texas-mccombs/tether-connection-puts-bitcoin-at-risk-a6d332784f98 https://coingeek.com/tether-printing-presses-in-overdrive-as-regulators-watch-closely/

Somebody, somewhere, bought bitcoins for a few dollars. ...and sold them for a few hundred. One might think they were stupid. Another one might think they acted judiciously, considering the information they had at the moment. The choice belongs to each of us.

Thank you for the detailed response. Much appreciated :)

Viking, arent we already past recovery in stocks? I thought many markets were at all time highs (some names in the hospitality, air travel industries that I follow are now higher than before the February/March crash!). MSCI India closed the year 15% up. And if I heard correctly, value had performed well at last. Anyway, good luck with the pick!

I am not sure if it will help you, as the ETFs trade in Nasdaq Stockholm in SEK. Each has a version that trades in EUR, though. This is the website of the provider: https://coinshares.com/etps/xbt-provider

I am buying ETFs with "physical" backing. I would prefer to buy bitcoin and ether directly (what I have done in the past) but reasons not worth discussing here have me not doing so until about next summer. Then I will sell the ETFs and use the proceeds to buy bitcoin, ether.

If it may be of help... I left the boat just before one of the big falls, just at the fall started. I did so because of a fundamental reason, though: I feared that cryptos would eventually be banned. Only a few weeks ago, I revisited the space, and at the same time, my mind changed about the ban. Bitcoin (and company) are now in too many hands (including strong hands). I think that laws making prices tank are still a very real possibility, but the risk / reward is now acceptable to me. So... I am building a position in btc and eth. Despite the massive rallies. I would have had my position already built if not because of cash flow constraints. Anyway, I am adding at these levels. One needs to be prepared for big declines, though.

SE0007525332 XBT BTC

HK 1113

My understanding is that PCR false positives should be close to zero, but that, in practice, this is not the case. You probably know more about it than me, though. In any case, I wish your family stays well. quote source: https://www.icd10monitor.com/false-positives-in-pcr-tests-for-covid-19

A couple of days ago... HKG: 2283

SE0010296582 Ether Tracker (beware, 2.5% annual fees)

It certainly looks like market inefficiency there. I would be tempted to make it a very large portion of the portfolio.

Did anyone actually say that? As I see it, you dont sell something worth $1 for 50 cents it you really think it is worth $1. I have not followed this drama that much, but if Helios was "forcing" FAH to sell Atma to close the deal, they you have to think why. Why would they force selling something worth $1 for 50 cents. Well, yes, because they do NOT agree with that valuation. Another reason FAH may do such a sale is because they think they can turn the 50 cents back into $1. Good luck Wilkerson! Good luck Mr. Watsa!

We only need for things not to change to see the company going further down. Btw, thanks Thrifty3000 for your informative posts!

True. From a different point of view, I hope CIG was not a case of sunken costs fallacy.

petec, we could say the same in relation to FAH and their injecting more capital into CIG. It really wasnt so long ago, and they had insiders. Yet they made the move... Such a clever move.

FAH enters into an strategic transaction with an African investment firm, Helios, "for the combination of their complementary businesses on one unified platform." FAH will become HFP, and "Helios will be appointed sole investment adviser to HFP" oh, and towards the end of the announcement... news about the "crown jewel" acquisition by Fairfax Financial of Atlas Mara "for an aggregate purchase price of US$40 million" https://www.fairfaxafrica.ca/News/Press-Releases/Press-Release-Details/2020/Proposed-Strategic-Transaction-Between-Helios-Holdings-Limited-and-Fairfax-Africa-Holdings-Corporation/default.aspx

some Americans became obsessed with Japan in the 80s, before that it was the Soviet Union, now it is China and life goes on by the way, China was already a super power many centuries ago

didnt Terry say that they would not open more funds? as opposed to those who gave the market the flavour of the day (for example, a BRIC fund, and income fund, etc) just to get more funds under management? yet now they also have a mid cap and an emerging markets funds

I am not sure I followed Dalio when he mentions that he is not surprised stocks are now rising (as is summarized in the first post, Dalio says bottoms are made when the central banks start acting), yet later (or in another interview?) he says that you really have to know which stocks you are holding, as if, buying the market is not going to work. Does he mean most stocks will go down again, contradicting his earlier point about the bottom?

exactly my thoughts. the FCF yield of the portfolio, as reported in the funds letters, was 4.0% at the end of 2018, 3.4% at the end of 2019. can the multiple expansion continue any further? and what happens if the market decided it does not require a 3.4% FCF yield, but a higher (though still modest) 4.5%? and if it required a 6.8%? this is not something that only us consider, although the managers of the fund dont seem to find reason to worry too much at the moment:

given the decline, and the recovery we have had, it is just normal that there will be people unhappy with Buffett and Munger for not having made significant purchases but what would happen if they had made purchases and the markets were to decline again? I bet there will also be people unhappy precisely because they made purchases (how could they? the economy has been hit too hard, it was obvious!) now the funny thing: many of the people in the first group will also be in the second one

oh, regarding new acquisitions, consider that now travel is very difficult in many parts of Africa. management said that acquisition work is certainly affected by the covid19 situation.