Search found 2372 matches

by vincecate
Sat Feb 24, 2024 8:56 pm
Forum: Finance and Investments
Topic: Financial topics
Replies: 29813
Views: 14589896

Re: Financial topics

Cool Breeze wrote:
Wed Dec 20, 2023 12:10 pm
Hey look, BTC is going to zero. Right?
With a bunch of new ETFs and a halving this year, it should be a good year for Bitcoin.

The stock market on the other hand looks more ready to crash than ever.

Not much traffic on this site these days.
by vincecate
Sat Oct 07, 2023 10:05 pm
Forum: Finance and Investments
Topic: Financial topics
Replies: 29813
Views: 14589896

Re: Financial topics

Image

Mind the gap.
by vincecate
Tue Oct 03, 2023 9:39 pm
Forum: Finance and Investments
Topic: Financial topics
Replies: 29813
Views: 14589896

Re: Financial topics

Cool Breeze wrote:
Thu Sep 28, 2023 9:39 am
The ship is going down.
The long bonds are down a factor of 2 in the last 2 years and stocks are still near their highs, but look a bit wobbly.
They ought to be closer together and the bonds are not only far down but moving down fast.
Might get the big stock crash yet.
by vincecate
Sat Aug 19, 2023 4:20 pm
Forum: Finance and Investments
Topic: Financial topics
Replies: 29813
Views: 14589896

Re: Financial topics

richard5za wrote:
Thu Jul 06, 2023 8:57 am
BTC billionaire? In US dollar?
The USD is headed for hyperinflation. We will all be USD billionaires in time.

I already have a 100 trillion Zimbabwe note. :-)

But a bunch of BTC probably helps you get there before others. I am still buying BTC.
Also still buying S&P puts.
by vincecate
Mon May 01, 2023 8:37 pm
Forum: Finance and Investments
Topic: Financial topics
Replies: 29813
Views: 14589896

Re: Financial topics

When SHTF I expect Starlink will keep working. I earnestly, sincerely hope that you are right. But I don't think Russia and China are planning on leaving Starlink alone. I have no idea what it would take to disrupt the network, especially if tens of thousands of satellites are present, but I'll bet...
by vincecate
Mon May 01, 2023 6:07 pm
Forum: Finance and Investments
Topic: Financial topics
Replies: 29813
Views: 14589896

Re: Financial topics

The biggest problem with bitcoin, and all cryptocurrencies, is that you need a network of computers to use it. It won't take much when SHTF, and then "bye, bye computers." In February a ship broke the undersea fiber to Anguilla. I went to the next island over and bought a used Starlink. When SHTF I...
by vincecate
Sun Apr 30, 2023 9:26 pm
Forum: Finance and Investments
Topic: Financial topics
Replies: 29813
Views: 14589896

Re: Financial topics

But it is still wrong to say "Bitcoin is backed by energy". No, like anything of value, and people say "there is no intrinsic value" of BTC, etc, the value is that there is energy involved. Like gold, like food, like oil, etc. Gold is used in computer chips and people eat food. They clearly have in...
by vincecate
Sat Apr 29, 2023 9:35 am
Forum: Finance and Investments
Topic: Financial topics
Replies: 29813
Views: 14589896

Re: Financial topics

The reason this criticism is incorrect is because GOLD is backed by energy, it's just the result of it. The BTC network is backed by energy AND solves the problem of trust/decentralization. Vince shows that in his subsequent points, which is weird that he opens with something questionable. All work...
by vincecate
Fri Apr 28, 2023 9:13 pm
Forum: Finance and Investments
Topic: Financial topics
Replies: 29813
Views: 14589896

Re: Financial topics

Do you have any idea how ridiculous this sounds? BTC is backed by energy? You obviously aren't aware of what backs the BTC network. Hint: it's not just electrical energy, and you don't even understand that. When the dollar was backed by gold it meant you could give the Federal Reserve a $20 note an...
by vincecate
Thu Mar 23, 2023 10:31 pm
Forum: Finance and Investments
Topic: Financial topics
Replies: 29813
Views: 14589896

Re: Financial topics

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