Investing Discipline

[Fernando]

You will probably need Marty McFly's machine to do that.


View attachment 104963

I believe Bitcoin has made scamming worse for us. Difficult to get back money stolen.
Also 3rd world country like El Salvadore has double down and bought $100 million bitcoin recently.
They can make money but if they lose money, they can go crying to World Bank to bail them out.

 

[Bobby Bucks]

I believe Bitcoin has made scamming worse for us. Difficult to get back money stolen.
Also 3rd world country like El Salvadore has double down and bought $100 million bitcoin recently.
They can make money but if they lose money, they can go crying to World Bank to bail them out.

Nayib Bukele has performed an economic miracle in El Salvador and has made the country the safest one in Latin America. He has defied the thieves running the International Monetary Fund and set an example for the world.

 

[Fernando]

Nayib Bukele has performed an economic miracle in El Salvador and has made the country the safest one in Latin America. He has defied the thieves running the International Monetary Fund and set an example for the world.

How would you feel if all government Social Security funds put into bitcoin?

 

[alebrewer]

How would you feel if all government Social Security funds put into bitcoin?

depends on if BC goes up or if it goes down...

 

[Fernando]

depends on if BC goes up or if it goes down...

You mean like stock market?
Does the money taken away from our SS paycheck goes into stock market?

 

[Bobby Bucks]

How would you feel if all government Social Security funds put into bitcoin?

95% of social security is pay as you go, despite the trust fund illusion given by politicians. Some municipalities and states are using Bitcoin as trust funds or reserve currency, not as a replacement of the dollar but for diversity. New Hampshire just approved the world’s first Bitcoin backed municipal bond. The blockchain is here to stay.

 

[alebrewer]

You mean like stock market?
Does the money taken away from our SS paycheck goes into stock market?

Surely you jest... for grins, though: by law, all SS monies must be invested in securities issued or guaranteed by the federal government (primarily T bonds).

 

[Fernando]

95% of social security is pay as you go, despite the trust fund illusion given by politicians. Some municipalities and states are using Bitcoin as trust funds or reserve currency, not as a replacement of the dollar but for diversity. New Hampshire just approved the world’s first Bitcoin backed municipal bond. The blockchain is here to stay.

Good to diversify but El Salvador all into Bitcoin is reckless.

 

[Gobears81]

I’m far from an expert, but here is my take. Speculative risk assets and tech stocks have also been down since Bitcoin is a “risk on” asset. There is uncertainty about the fed and if there will be a rate cut,I think December 10th is the next meeting. There was a lot of profit taking and there have been outflows from the Bitcoin ETFs. The drop below 100,000 and now below 90,000 were both psychological barriers, but then I again I was celebrating when it went above 80,000 last year.

FWIW I have not sold any of my “hard” bitcoin which is what’s in my hard wallets, but I began selling a lot of my Bitcoin ETFs and Bitcoin mining stock which is in my IRA. I sold about half of it, wish I had sold all of it, even so I’m up. I’m in it for the long game, Bitcoin is for my offspring. If it drops to mid 70s I will jump back in. It's interesting because the certified gurus who are on X and YouTube have opinions and predictions all over the place.

The bitcoin elitists might turn their nose at me looking at IBIT, but it looks like the price is sitting on monthly support...or has it been breached?



With a crypto fear-greed index of 11, I'm leaning towards a slight overreaction for the time being.

 

[Terrel L. Shields]

I'm thinking of investing in a racing greyhound.