blue carbon and carbon credits as a whole, talk about a made-up market. This is what is really behind Global Warming, rather you believe it is real or a hoax it is being used as a means to make a new class of money, not really that, unlike crypto. And like crypto, parking a grand in this new asset class is not a bad idea.
As I have said before, if we follow the rich and pickup their crumbs we can do very well for ourselves
Sure Iâm not debating the merits of climate change - the science is questionable.
However like it or not, there is going to be a massive regulatory shift to make it easier for corporations to get cheap access to capital if they adopt carbon-neutral policies.
And corporations will follow. Anything to reduce the cost of doing business and their bottom line.
Try Michael Saylor for one. And Iâve heard it many times.
And what happens when the Fed brings out their own digital coin?
As for Bitcoin or crypto having limited supply - donât make me laugh. What about satoshis?
What about the other 11,000 coins on the market?
And when you cash out of your BTC profits where are you going to put it?
Dollars or another fiat currency.
I am not anti-bitcoin - I am anti Hodl ing for a moonshot, when it reality itâs the last market you want to Hodl.
Youâre trolling buddy. Anyone comparing Bitcoin to the invention of fire is not serious. I donât know who Michael Saylor is and I donât care.
Nice straw-man, adding âor cryptoâ but Iâm not taking the bait. Bitcoin is finite.
In the spirit of the Rothschildâs 1/3 in land 1/3 in gold and 1/3 in stocks and bonds. With as short a time in fiat as possible.
What do you think the thousands of these bad boys roaming the streets of America are chewing up in energy and adding to the carbon problem.
There is nothing green about the American greenback
Trolling!
Hilarious!
If you can truly honestly try to find all the negative points about an investment, and not find them then just maybe itâs a great investment.
I just think there are too many questions to be a Hodler of this market.
As for not knowing who Michael Saylor is, well maybe you donât know quite as much about this sector as you think.
Like it or not, the dollar is what is in demand - China doesnât want Bitcoin, Africa doesnât want Bitcoin, SE Asia doesnât want Bitcoin.
Hell, most retailers donât even want it.
Granted a few institutions have gone all in - most notably Micro strategies. And yes Paypal have allowed US users to buy or sell it.
But this amazing store of value it is not.
Think what you want about the dollar, but at least for the next few decades most of us will run to it in times of crisis.
Notice what happened in 2008?
The dollar rose massively and Gold fell.
I do not like fiat as much as the next man - but out of all the ugly sisters, it is STILL the least ugly.
I am hoping with Brexit finally behind us the GBP will become the strongest currency - but like it or not in many parts of the globe people still trust the US dollar.
I know for one, when I do my visa run to Burma its dollars they want NOT Bitcoin.
Do you move goalposts professionally? Youâre extremely good at it.
Not quite sure what you mean.
But it does sound to me you are particularly married to this investment thesis.
It may well come to pass that Bitcoin does a moon run, in which case I too will be on board.
But from a strictly fundamental standpoint, I feel the regulators are by far the biggest hurdle in this sector.
I am a fan of XRP - seems to me it is a damn sight more useful than Bitcoin.
But that does not mean I am going to rush out and buy it blindly - Iâve been around the markets long enough to know that believing something about an investment and it actually happening are a world away from each other.
Hmmmmm⌠If you support BTC and have not heard of Michael Saylor (and donât care), your kudos on this forum will shrink to zero compared with other participants whose opinions I highly value.
Michael Saylor is first and foremost an engineer, and (rarely in my opinion) one who also has a very good understanding of long term wealth protection. Of course I am biased because I am also an engineer, who likes to think he also has a good understanding of long term wealth protection.
I agree with @Dennis3450 here, and in my case, I took a 3% stake in Crypto and was fortunate to see that stake more than quadruple in less than a year. As part of a very old and trusted plan, I considered 3% to be a sum I was willing to put forward in a new investment class that had proven over only a decade to have a potential for a reward/risk ratio of over 10X in 4 years. You could say we got lucky (whoever decided to do this), and I have the same approach in all our investments since about 10 years ago. The crypto market has halved in value over the past three months, and I have to tell you that it is one of the few investments we ever made where I was comfortable with a 50% drawdown. Iâd be slightly uncomfortable with another halving to 75% drawdown, but not devastated. Anyway, everything in moderation, that is what I say. Michael Saylor may have gone a little overboard in his zealous way of communicating his future corporate investment intent via streaming media, but I canât fault the guy. I think he is a mover and shaker. Heâs not the only one. Raoul Pal sometimes says âI am all in with Bitcoinâ then announces that he has more ETH than BTC. I take a lot of what is said in tâ interweb with a pinch of salt. You would be well advised to think deeply about the value you are getting for free from the likes of @Johnscott31 and @Dennis3450 before posting. God made us with one mouth and two ears to use them in the proportion given. Think about that a little. We are here to learn, not to create a slanging match about oneâs opinion over othersâ. 
I understand Rao Paulâs view on BTC - he sees it as a treasury type of asset. And i recall Saylor in one of his first Real Vision interviews made some very valid points
It certainly got me thinking about crypto.
The fact is itâs a whole new thing and no one really knows where it fits in
Itâs not a medium or exchange or store of value - but that does not mean it wonât have a place in the new financial landscape.
Itâs a great market to trade but I personally see it as a momentum play and the last thing you do with momo plays itâs hold on for dear life.
This has always been my issue with it - it attracts newbies who are not prepared for the excessive volatility and euphoria thi market creates.
Thanks for sharing, good post to keep watching.
@Johnscott31,
For me the light turned on in May 2020 after a chance conversation with my sonâs Iranian friend from school. He had been investing in Monero for some time. I guess he had his reasons.
Also, my little sister in Oz had bought and sold âtwo bitcoinsâ in the lead up to the 2017 peak, but considered that far too risky, preferring to buy Perth mint silver and long term USD against AUD (unleveraged). She and her partner made ONE great property deal in their life and banked over $1M. No kids and rent a 3 bed townhouse, work 4 days a week and surf 3 days a week. When she said it was too risky, that is what caught my interest. They had made +50% in months, but did not believe the long term.
I aspire to holding the equivalent of 2 bitcoins - whatever their value against fiat currencies. And that is 50% in BTC and 50% in âother crypto currenciesâ. The main reason for investing so much time in trading is to try to over-achieve that goal. Stretch target is 4 BTC, minimum target is 1BTC. We are in no hurry. If BTC goes to zero, we will have lost up to 3% of our wealth. If BTC moons, we will have a very comfortable retirement indeed.
I took my eye off our gold holding for about 10 years and woke up one morning realizing we were way over target. So any foray into Crypto is at the expense of our long term gold (and silver) investment. Both gold and crypto have the same purpose in our lives. You like to think that the world will tick along slowly but surely, and that a loaf of bread will still cost ÂŁ1 in ten years time. But the older we get, the more we think about insurance against that assumed scenario. My wife is a Syrian national and has a house there that we have never lived in. In local currency terms the story goes a bit like this. When I arrived in Syria I rented a 2,000 sq ft house for $17K per year. At the time that was about 800,000 Syrian Pounds (SYL) and my landlord proudly told me that he had built the entire house for 1 million SYL just three years prior (in 1985). Today, after 10 years of war, a million Syrian pounds is about just over 300 USD. That is the reason gold is so popular in the Middle East and Asia. They know a thing or two about value, and have been at it for a few thousand years. If that were to happen in the UK, Iâd be selling a house per year for the next 20 years, but not touching the BTC. That is for the next generation. This is the reason I continue to have âget rich slowâ schemes like Crypto investment. You never know where your next 10 bagger is going to come from. 
But this guy has an agenda. Heâs not hiding it. Wouldnât you say the same exact thing in his shoes?
He most definitely has an agenda. And in answer to your question, no I would not do that because I would never be in his shoes.
I am too much a honest individual for that.
When I first heard the guy he made some valid points. But the more I listened to him I picked up on his arrogance and over confidence.
As a CEO of a company would you really turn your profitable business into a Bitcoin hedge fund?
The guy stinks of hubris to me, which is very characteristic of a market top.
Iâm sure many of his shareholders are livid at his Bitcoin antics
Without thinking about it you bring up a valid point and one we can all learn from.
You only have a small position in Bitcoin relative to total capital, and because of it are able to think rationally about it
But many are all in on it, which like any oversized position leads to emotional decision making, and confirmation bias.
This is far too characteristic in the sector. Years ago I was the biggest silver bull in the world, and could quote verbatim why it was going to da moon.
Well guess what Iâm still waiting - but it taught me a valuable lesson - donât get wrapped up in stories and donât let a trade become an investment.
Many Hodlers need to learn those lessons too
You probably got caught up in the Mike Maloney craze. I love his series of Youtube videos on the history of money and the biggest stealth tax in history - currency inflation. Mine came in late around 2013. I bought physical. I am not disappointed because the last time I looked, in Sterling terms it is about double what I paid for it. Weâve been in gold since 1988!
I then progressed onto a Bullionvault account which made me sleep an awful lot more peacefully at night. LOL.
Not specifically Mike Maloney, but yes that whole moon shot thesis.
My last blog post (which I doubt anyone has even read lol) talks about the gold and silver manipulation.
Ironically silver has potentially better fundamentals now than ever, what with itâs use in green energy tech.
I still love gold and silver but unlike many in the crypto space I am able to divorce myself from the copious amounts of bull crap that goes by the way of analysis.
Incidentally Iâve got a nice little buy order in gold today - who knows it might be the start of a decent bull run.
There is a lot of room to push down but think if it retraces 50/62% could be a nice buying opportunity
