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Yeah, I try not to "invest" in "products" where the tweet of a single billionaire can make the value plummet.
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It's about 2.5% of my portfolio. I don't think it's a pyramid or Ponzi scheme, but it's definitely speculative. Some say that it will replace gold as a store of value, and others say it will go to epsilon. I lean towards it going to epsilon but can also see it going to the moon.
Well, the world's gold stock is about 200K tonnes, or about an ounce per person. There will only be 21M bitcoins, or about 1/300th of a bitcoin per person. So if I have 300 ounces of gold, I can hedge it with 1 bitcoin.
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OriginalGriff wrote: Do you have any? Fractions of them, but forgot the password.
OriginalGriff wrote: Or do you think it's just another pyramid / Ponzi scheme at heart? Come on, this isn't a church.
It's not, it doesn't require "more idiots" to dance.
Also, inflation.
Bastard Programmer from Hell
"If you just follow the bacon Eddy, wherever it leads you, then you won't have to think about politics." -- Some Bell.
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OriginalGriff wrote: Do you have any? Nope! The closest I get to gambling is Premium Bonds.
OriginalGriff wrote: do you think it's just another pyramid / Ponzi scheme at heart? I don't think it's 'structured' like a pyramid scheme. It's much closer to Dutch Tulip Mania - when the price of Tulip bulbs vastly exceeded their intrinsic value. And then the bubble burst.
P.S. Before our Dutch friends take a shot at me. I don't subscribe to the view that Tulip Mania was a country-wide and country wrecking thing. But I do think it is one of the earliest examples of a market bubble bursting.
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OriginalGriff wrote: o you have any? Or do you think it's just another pyramid / Ponzi scheme at heart?
This. And like all victims of Ponzi schemnes, they will defend it until the bitter end.
If and only if I'll get some good info on promising upstarting coins I may try a pump and dump myself, but I'm too averse to this kind of speculation to even know the right channels.
GCS d--(d-) s-/++ a C++++ U+++ P- L+@ E-- W++ N+ o+ K- w+++ O? M-- V? PS+ PE- Y+ PGP t+ 5? X R+++ tv-- b+(+++) DI+++ D++ G e++ h--- r+++ y+++* Weapons extension: ma- k++ F+2 X
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Just holding, in it for the long run. Bought in at 2k in 2017, so if it pops, so what! I have a number of different ones, and spread depending on if they are 'classed' as store, currency, utility or just meme, to spread risk and take a punt across the different classes. a few weeks ago when BTC was up at 60kish, I was sitting over 10x on original buyin cost. Yes, it's a rocky road, but i'll take my chances, would fully expect BTC to reach new ATH this year at some point.
Need to have a diversified investment portfolio, so the usual stock/bonds/property (uk and europe, both rentals and commercial dev loans) Currently, my best performing overall asset class is property development loans in Eastern Europe approx 10+%pa, and of course this is tax free for my residential status.
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I put a few pounds in just for fun, and I know I am not going to make a fortune from it. My real savings are all kept in sensible places (not under the mattress).
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I must be getting old. I still can't wrap my head around the idea that an algorithm can have an intrinsic value, other than the obvious value of being marketed as a piece of reusable code. I'll stick with equities for now...
Will Rogers never met me.
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I remember when others were indeed gloating, in this very forum (or was it the Soapbox?) when Bitcoin tanked from $20.000 to $6.000. Fancy that: selling at 6K and being told that 35K is low.
I do have some Ether, only pocket money, but still decently multiplied.
"If we don't change direction, we'll end up where we're going"
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As long as it combines the lethality of Omicron with the transmissibility of Delta ...
"I have no idea what I did, but I'm taking full credit for it." - ThisOldTony
"Common sense is so rare these days, it should be classified as a super power" - Random T-shirt
AntiTwitter: @DalekDave is now a follower!
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Chris C-B wrote: due to laboratory contamination
I will drink any Kool Aid they want, believe any wild and incredible story. Just don't send me to the re-education camps.
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Slacker007 wrote: Just don't send me to the re-education camps.
I hear the chow mien is excellent...
Will Rogers never met me.
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it better be. not like there is anything I could do if it wasn't, but still.
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Just to be clear here. You mean the DeltaCron3000, correct? The most lethal assassin the world has ever seen. More powerful than Chuck Norris, is what I heard.
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Quote: More powerful than Chuck Norris
See. That right there makes this story unbelievable!
If you can't laugh at yourself - ask me and I will do it for you.
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DeltaCron3000 Plus, with Reward Program.
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A week ago I had to replace my desktop's second monitor. The new Scepter monitor has a feature that I do not care for: When you turn off the computer, the monitor goes into power save mode for an hour or so, then it turns itself totally off. Once in that state, the power must be turned on manually. When you turn on the computer the monitor stays off until you press the power button.
This morning I started the computer and tried to use the Edge browser, but it refused to run. But Task Manager showed it was running. I thought I may have picked up a virus or something, so I reverted the system drive to a Macrium image I took a few days earlier.
When the computer restarted I glanced at the second monitor and it was off. Turned it on and there was my browser, trying to run on a dead monitor!
I will now retire to a corner where I will kick myself until I'm dead!
Get me coffee and no one gets hurt!
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Windows should have detected that monitor wasn't available. This makes me think it's not really off.
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I did the unspeakable: I read the monitor manual! There is a system setting where you can disable the monitor tranferring from sleep mode to power off mode!
Get me coffee and no one gets hurt!
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Cp-Coder wrote: I did the unspeakable: I read the monitor manual!
Your hat, coat, and self have been deposited in the street, and your engineer-card has been revoked!
Freedom is the freedom to say that two plus two make four. If that is granted, all else follows.
-- 6079 Smith W.
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Since Windows has started supporting multiple monitors, I never really got the impression that any version of Windows detects (or cares about) a monitor being powered off. A monitor being physically disconnected however is another story.
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Astronaut Howard Wolowitz: Welcome to team putz!
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