I'll just put this here as less goldbugs are likely to see it and get upset. https://news.yahoo.com/mark-cuban-defends-bitcoin-says-230258502.html
If like him you believe that BTC is an asset in the same way gold is then you can't fault his logic: If you don't hold it you don't own it. Holding physical gold is a security threat. Therefore hold BTC in a cold wallet. I lean more toward the "managing the risk rather than avoiding it" camp though.
Saylor at it again, bought at a fairly decent price too IMO. https://cryptonews.com.au/story/mic...o-holdings-despite-tax-loss-harvesting-236240
Bitcorn "could" be alot of things but it hasnt done any of them yet. Or it might not be any more than it is now, whatever it is.
It's achieved exactly what Satoshi intended it to do. From the Whitepaper: https://www.bitcoin.com/satoshi-archive/whitepaper/#selection-143.0-143.403 100% successful there. And Cuban is also correct when he argues that it's a digital asset. So any other concerns around BTC don't render Cuban's argument false.
Its an asset until youre underwater, then its a liability like with Saylor. He could be waiting for years or longer now. Even those two crypto bulls have pretty different views it seems. As far as who is dumber the charts speak for themselves i guess. Theres been lots of anger and denial from the crypto bois this last year and its not over and saying something out of spite in an interview doesnt make it true.. I dont really see what hes expecting from Doge either haha. It seems he has plenty of buffer and can afford to lose some and he already has.
That could be said about any asset so it's not a particularly helpful comment to anyone tossing up investment ideas in their head. The "dumb as f***" comment is just him baiting those that only see value in holding "boomer rocks". It's not even worthy of consideration. Goldbugs are just as guilty of doing the same mind you. I'll leave this chart here for those that think gold is the perfect wealth preservation tool, I think it's helpful to anyone tossing up investment ideas in their head:
BTC price adjusted for inflation, similar to gold's over the same period, though gold is showing a +ve return: It's hard to look past RE when searching for an asset that provides wealth protection, the most recent lows were 10 years ago when I remember there was a lot of noise on this forum, particularly from one notorious member about the death of the housing "Ponzi" scheme. ^ US data as it's near impossible finding Oz data for most things. Oz house prices not adjusted for inflation, we never saw the huge sell-off that the US witnessed post GFC mind you: Moral of the story? You can have gold, or you can have BTC. Shit it's possible that you can even hold both! But if you're not holding RE then to quote Cuban, "you're dumb as f***"
Yeah hes trolling us. Gotta love it tho when they can laugh at themselves and still talk chit. Being at the right place at the right time has its benefits.
^ the swamp is slowly being drained. Once that's finished the crypto world can get on with the enormous task at hand.
@JohnnyBravo300, thoughts on the recent pump? Is your death cross scenario invalidated or is it a bull trap?
Didn't drop as far as expected so I would think another leg down is coming but I could just as easily be wrong. I am also interested in what Johnny's charts show.
Nice bump for the traders but still going down. Just another bear trap like the rest following the markets and barely a bump in the matrix. It doesnt even affect the weekly moving average yet but if it keeps going up for a few weeks it will.
