Originally posted by fatlittlepig
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Originally posted by NapoleanDynamite View Post
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Originally posted by CordMcNally View Post
Quote from a few months ago mainly for my learning (as I am becoming more open to the idea) but you mentioned a large bubble with Bitcoin >20k and now it's double that but it sounds like you're still buying. What changed for you?
But that's all speculation of course - crystal ball type of stuff. But when JP Morgan gives a fixed price projection long term, that's more of a big deal, and at least something worth looking into.
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Originally posted by NapoleanDynamite View Post
Not really a maximalist. I just haven’t figured out how ETH adds anything long term. I think it is a very good scam that is riding the coat tails of BTC. I’m probably wrong. I do think the returns are likely to be very good in the short term for ETH. But I can’t get behind it for the long term. At this point in my career I invest pretty large numbers for the long term based on my asset allocation tolerance. A BTC/ETH/DEFi portfolio may well outperform my BTC only allocation over the next year.
I agree with you that short term, DeFi/Eth will likely have higher returns, simply because they are both more speculative and have lower market caps. Long term, Btc has a better chance to succeed. However, if Bitcoin becomes the norm, I would be very surprised if Eth wasn't right there as well...
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Originally posted by fatlittlepig View Post
What does that mean. That’s OK I’m enjoying this robinhood app. It’s fun.
analogy would be gold. Buy gold, hold in your hands, you own gold. Give it to someone. Now they own the gold.
If you buy gold but have some company hold your gold in a vault, along with a bunch of other people's gold, do you really own the gold? Some would view that as no.
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You’ve almost got enough for a new Romex.
Edit: Looks like FLP learned from his last picture posting.Last edited by CordMcNally; 01-08-2021, 04:58 PM.
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Originally posted by jacoavlu View Post
bitcoin is a bearer asset
analogy would be gold. Buy gold, hold in your hands, you own gold. Give it to someone. Now they own the gold.
If you buy gold but have some company hold your gold in a vault, along with a bunch of other people's gold, do you really own the gold? Some would view that as no.
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Originally posted by TheQuietOne View Post
accounts connected to criminal activity. No surprise there.
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