Buckeye

Cheers to Fairfax and Viking on Fairfax Dividend Day! Thank you Fairfax and thank you Viking for all of your contributions to this board!

Thanks, but no thanks! That is a bet I’m sure you would/will win!

Hahaha, good one.

This Executive Order alone should take us to $200k per Bitcoin! Everyone knows that once an Executive Order has been made, it is irreversible!

If we own crypto, are we the Indian in your story or are we the friend who is being killed?

Hey Dart, Is this the link you were looking for? It shows all of the recent news releases by the S&P TSX, including additions and deletions. https://www.spglobal.com/spdji/en/indices/equity/sp-tsx-60-index/#news-research https://www.spglobal.com/spdji/en/documents/indexnews/announcements/20240906-1474139/1474139_2024-09-06compositereview-pr.pdf

I am with cwer on this. It’s a large position for me and I have no intention to sell anytime in the next 20 years (or more if I can help it). It’s seems like this compound train is just getting started. TBH, even if it doubled (which I know it won’t) but even if it did I probably wouldn’t sell. Partly because I am lazy (selling stresses me out sometimes) and partly because I wouldn’t know what to do with the proceeds. Plus, even it doubled (which it won’t) and then retreated a bit, my binoculars are telling me there’s a quadruple in the not too distant future.

Thanks for your perspective Gfp and good points on where we came from RKBA!

Thank you for your clarification SD!

When I look at the past 15 year performance of Bitcoin, it is clear that it has gone up in price by a lot! One thing that gives me pause tough, is that this 15 year time frame happens to coincide with zero to negative interest rates. Money during this time has been essentially free. We saw that this free money led to some huge distortions in the price of all types of things. Most of those things have returned back to earth. It now seems like the current period, and the next couple of years, may be marked by more normalized interest rates. Is there any concern from the Bulls that the out performance of Bitcoin over the past 15 years could have been caused (at least partially) by ZIRP? And before someone responds to say "Well, interest rates have gone up a lot in the past 2 years, and look at how Bitcoin has performed," I recognize that. I also recognize that just because Bitcoin has performed well in the past 2 years, does not necessarily mean that it will perform well in the next 5-10 years if rates were to stay where they are (or even go up). Correct? Thoughts?

Thanks Wacht! I understand that I need to assign a probability to the potential outcome, just trying to first understand what the potential outcomes are/could be. Thanks.

Hello SD, thank you for your reply. I completely understand everything you are saying here. It's just that your comment about "there not being a way to currently value Bitcoin" seems to contradict all of the other valuation techniques provided by the other Bulls. And this small detail may be one reason why Newbs like myself, Reds and Luke are having a difficult time assigning a value to Bitcoin. Do you care to correct your original comment? Thanks.

Thanks Wacht! Sounds like another possibility at a total loss of capital. That is quite some downside. It seems like most of the reasons I have heard thus far could result in a total loss of capital. But that's what I asked for! My name may be Buckeye, but it sounds like I may need bigger nuts than a Buckeye to jump into the Bitcoin boat.

Thank you for your thoughtful reply RK. These all seem like valid concerns that I can add to my understanding of Bitcoin. I hope to possibly hear some other examples from the other experts. It is a little scary to me that your first 3 examples most likely end up in a complete loss of capital. But as they say...scared money don't make money. Whoever "they" are. Thank you!