Bitcoin - Cryptocurrency

[BrinkOutWest]

A guy can never go wrong with land, or at least that’s what my father always told me. I agree to an extent. We will always require space to exist, whether for food, shelter or water. The issue is, if there is an economic collapse, you face a liquidity issue. So hypothetically speaking, you’re going to head to the grocery store to trade 0.001 acres for a shopping cart full of food you can’t grow or raise on your land? Or are you selling your land for something like bitcoin, and the market is inundated with land because of numerous people in the exact same situation? Imo a guy needs to diversify. Own the land, but also invest in other avenues to ensure easier liquidity.

 

[BigHornRam]

No mention of bitcoin in this portfolio.

Who Is The Largest Land Owner In The United States?

Who is the largest land owner in the United States? This year that honor belongs to cable TV tycoon John C. Malone. Malone earned his fortune thank...

www.celebritynetworth.com

 

[BigHornRam]

Interesting article on Farmer Bill.

Bill Gates Is About to Change the Way America Farms

The cofounder of Microsoft and his wife make an auspicious debut on the 2020 Land Report 100, as America’s largest private farmland owners.

www.agriculture.com

 

[BigHornRam]

No bitcoin in Farmer Bill's portfolio either.

Billionaire Bill Gates once got bitcoin as a birthday present — here's what he did with it

Billionaire Microsoft co-founder Bill Gates tells CNBC he was given bitcoin once as a birthday present, but he sold shortly after.

www.cnbc.com

 

[BigHornRam]

Warren's not a fan....

CEO Warren Buffett reaffirms aversion towards cryptocurrencies, says they have ‘no value’ - TokenPost

Berkshire Hathaway CEO and Chairman Warren Buffett didnt hide his aversion towards cryptocurrencies in his recent interview with CNBCs Becky Quick on Monday.Cryptocurrencies basically have no value and they dont...

tokenpost.com

"Cryptocurrencies basically have no value and they don’t produce anything,” he said. “In terms of value: zero. I don’t have any cryptocurrency and I never will.” It isn’t the first time Buffett speaks against digital coins. In 2018, the American business magnate called bitcoin “probably rat poison squared.” He also described the decentralized digital currency as “mirage,” “not a currency,” and “tulips.”

 

[Flatrock]

Warren's not a fan....

CEO Warren Buffett reaffirms aversion towards cryptocurrencies, says they have ‘no value’ - TokenPost

Berkshire Hathaway CEO and Chairman Warren Buffett didnt hide his aversion towards cryptocurrencies in his recent interview with CNBCs Becky Quick on Monday.Cryptocurrencies basically have no value and they dont...

tokenpost.com

"Cryptocurrencies basically have no value and they don’t produce anything,” he said. “In terms of value: zero. I don’t have any cryptocurrency and I never will.” It isn’t the first time Buffett speaks against digital coins. In 2018, the American business magnate called bitcoin “probably rat poison squared.” He also described the decentralized digital currency as “mirage,” “not a currency,” and “tulips.”

Damn dude you just hate bitcoin huh? You hate bitcoin or Tesla more?

I'm a huge Buffet fan but he also said for years and years that he would never buy the airlines and then he did in the years before Covid.

 

[TOGIE]

Warren's not a fan....

CEO Warren Buffett reaffirms aversion towards cryptocurrencies, says they have ‘no value’ - TokenPost

Berkshire Hathaway CEO and Chairman Warren Buffett didnt hide his aversion towards cryptocurrencies in his recent interview with CNBCs Becky Quick on Monday.Cryptocurrencies basically have no value and they dont...

tokenpost.com

"Cryptocurrencies basically have no value and they don’t produce anything,” he said. “In terms of value: zero. I don’t have any cryptocurrency and I never will.” It isn’t the first time Buffett speaks against digital coins. In 2018, the American business magnate called bitcoin “probably rat poison squared.” He also described the decentralized digital currency as “mirage,” “not a currency,” and “tulips.”

i mean, buffett may be buffett, and i will never cross the man, but he's still a boomer

i'm not upset about my current crypto portfolio that's like +110 percent over it's short life right now, nor will i be all that upset if it drops to nothing

 

[BigHornRam]

Damn dude you just hate bitcoin huh? You hate bitcoin or Tesla more?

I'm a huge Buffet fan but he also said for years and years that he would never buy the airlines and then he did in the years before Covid.

Musk knows a con when he sees a con......

Elon Musk trolls Bitcoin, causes novelty Dogecoin to soar

Tesla CEO Elon Musk had fun this weekend pranking the cryptocurrency word.

fortune.com

 

[BigHornRam]

i mean, buffett may be buffett, and i will never cross the man, but he's still a boomer

i'm not upset about my current crypto portfolio that's like +110 percent over it's short life right now, nor will i be all that upset if it drops to nothing

Sounds like a $20 bet on the roulette table.

 

[TOGIE]

Sounds like a $20 bet on the roulette table.

exactly.

gambling, at least for the non addicted, is more about fun that making money - though i do think the odds are pretty good for my crypto wallets

anyone who doesn't understand that sentiment (boomers, cough cough ) would overall just cringe at what goes on in my robinhood account

 

[BigHornRam]

exactly.

gambling, at least for the non addicted, is more about fun that making money - though i do think the odds are pretty good for my crypto wallets

anyone who doesn't understand that sentiment (boomers, cough cough ) would overall just cringe at what goes on in my robinhood account

I suppose. I also cringe at your dental hygiene FWIW.

 

[TOGIE]

I suppose. I also cringe at your dental hygiene FWIW.

29 years old, never had a cavity, healthy gums. something seems to be working

 

[BigHornRam]

29 years old, never had a cavity, healthy gums. something seems to be working

Keep ingesting rat poison squared and it will catch up to you in a few years.

 

[TOGIE]

Keep ingesting rat poison squared and it will catch up to you in a few years.
View attachment 170600

oh, i'm not addicted to crack, so no worries there

 

[SAJ-99]

Damn dude you just hate bitcoin huh? You hate bitcoin or Tesla more?

I'm a huge Buffet fan but he also said for years and years that he would never buy the airlines and then he did in the years before Covid.

Don't worry about BHR, he hates most everything.
I have been keeping my mind on ETF GBTC. Each share is .0009808 of a BTC. The problems are two fold 1) the ETF traded at a 6.5% premium to NAV (BTC 37,800 * .0009808 = $37.07, the ETF price is $39.33, ugh) and 2) it has an annual fee of 2%. I might trade it when the volatility of BTC goes crazy, but not a long-term hold at a 2% fee.
I am excited to set up the same love-hate relationship with Bitcoin that I have had with gold over the last 20yrs. I love the idea of holding it, and then hate it soon after I purchase it.

 

[BigHornRam]

Don't worry about BHR, he hates most everything.
I have been keeping my mind on ETF GBTC. Each share is .0009808 of a BTC. The problems are two fold 1) the ETF traded at a 6.5% premium to NAV (BTC 37,800 * .0009808 = $37.07, the ETF price is $39.33, ugh) and 2) it has an annual fee of 2%. I might trade it when the volatility of BTC goes crazy, but not a long-term hold at a 2% fee.
I am excited to set up the same love-hate relationship with Bitcoin that I have had with gold over the last 20yrs. I love the idea of holding it, and then hate it soon after I purchase it.

Jeez louise. Are we talking about an investment here, or some woman on a dating app.?

I like investments where the companies actually produce a product that people use on an everyday basis. Stupid, I know.

Apache, Devon Energy, and EOG Are a Few of the Oil and Gas Industry’s ‘Democrat Darlings’

Oil prices have climbed since the presidential election, even though the Democratic party hasn’t traditionally been seen as a friend of the oil industry. Six stocks could benefit, says one Truist analyst.

www.barrons.com

Blather on SAJ-99 why any of these companies are a bad investment today.

 

[noharleyyet]

Just saw a blurb about the dude who has used up 8 of his 10 log ins on his 225 mil holdings. Kill me now.

 

[SAJ-99]

Jeez louise. Are we talking about an investment here, or some woman on a dating app.?

I like investments where the companies actually produce a product that people use on an everyday basis. Stupid, I know.

Apache, Devon Energy, and EOG Are a Few of the Oil and Gas Industry’s ‘Democrat Darlings’

Oil prices have climbed since the presidential election, even though the Democratic party hasn’t traditionally been seen as a friend of the oil industry. Six stocks could benefit, says one Truist analyst.

www.barrons.com

Blather on SAJ-99 why any of these companies are a bad investment today.

I'm with you 100%. I like free cash flow for my investments, but I like high volatility for things I trade. I don't care why. The hard part about the present day is we all use and rely on products every day that we can't see or feel.

Investing is like hockey and as Gretzky said, you have to skate where the puck is going, even if a lot of times it won't make a lot of sense. Energy sector up 15% YTD. That is where being "cheap" helps. But I'm not married to any of those companies.

 

[BigHornRam]

The hard part about the present day is we all use and rely on products every day that we can't see or feel.

Give some examples of these products.

 

[SAJ-99]

Give some examples of these products.

Every cloud computing co - AMZN, Rackspace, Snowflake (Hunt talk data isn't stored in Big Fin's basement)
Every semiconductor co -Intel, AMD, Invidia, etc. (ok, you can see and feel these, but I doubt you pay much attention to them)
Every software security co - crowdstrike, Mcafee
Even first like Visa and MasterCard don't make anything but are almost impossible to live without.
American Tower, if you use a cell phone...

This economy seems to revolve around the ephemeral.