Bitcoin....who's gotten into it?

[byates1]

Jong set mediocre goals and is accomplishing them. Mini van irritating wife golden retriever debt. Not bad for a half brain.

[J. Barron DeJong]

Debt? I mean, I have a mortgage that we pay less than three percent interest on, so no point paying that off. But we have no other debts and our assets considerably outnumber that debt, so I am feeling pretty good.

[byates1]

You've come far jomg

[stalefish3169]

Look, it is possible that you do not know how to tell time, or maybe read charts at all, but if you look at PTON vs TSLA and BTC, you will notice that BTC dropped in sync with TSLA, whereas PTON started its drop on opening this morning.

It is not a novel theory to note that asset prices move on news...

My BTC thesis has a very low time preference. That's why we think you're a moron for jerking off over daily price action while ignoring BTC is up multiple hundreds or percentage points over the last few years.

[byates1]

^ exactly. Noone cares what happens. If BTC went to 60 I'd consider it one last gift at that price.

It's going up forever. Just like our national debt.

[byates1]

[J. Barron DeJong]

My BTC thesis has a very low time preference. That's why we think you're a moron for jerking off over daily price action while ignoring BTC is up multiple hundreds or percentage points over the last few years.

My investments are heavy in stocks because I also have a long investment timeframe. I can live with wild market swings because over the long run I can be very confident that they will provide higher returns than a more stable asset like a gevernnment bond.

But that volatility is not something that is supposed to happen with something being sold as a FUCKIG STORE OF VALUE.

[byates1]

So if a store of value is - to retain value over time. Like gold. And BTC is 15ish yrs old. How is it doing as a store of value?

1000$ in 2010 is 1500$ today.

1000$ in gold is 3000$ today.

1000$ in BTC is 968 Million dollars.

Hows that for a fucking store of value half brain

[J. Barron DeJong]

So if a store of value is - to retain value over time. Like gold. And BTC is 15ish yrs old. How is it doing as a store of value? 1000$ in 2010 is 1500$ today. 1000$ in gold is 3000$ today. 1000$ in BTC is 968 Million dollars. Hows that for a fucking store of value half brain

I mean, pretty fucking shitty?

Like no one is investing in TSLA or GameStop as a fucking store of value, right?

Fam, is it good when your supposed store of value has dropped 75% at one point in the past five years?

[byates1]

You are a fucking idiot.

[J. Barron DeJong]

It is fine if it is not a store of value! Just stop calling it a fucking store of value!

But store of value is all that is left after every other use supposedly failed, other than pure speculation which sounds kind of risky...

[J. Barron DeJong]

What is a Store of Value?

A store of value is an asset, currency, or commodity that maintains its value over a long period. An item would be considered a store of value if its value is either stable or increases over time but doesn’t depreciate.

[carpathian]

<p>
serious question, would a stock like GLD be considered a &#39;store of value&#39; when it, at times, runs contrary to the market? I guess if you willing to move money around, the value can be &#39;stored&#39; but be ready to move back into other assets when the vix comes back down...? silver going nuts today</p>

[byates1]

Jongs cute attempt at a definition proves he is an imbecile.

Physical gold(5%) would be appropriate for a store of value/hedge in a overall.

I'm heavy gold.

[stalefish3169]

It is fine if it is not a store of value! Just stop calling it a fucking store of value!

But store of value is all that is left after every other use supposedly failed, other than pure speculation which sounds kind of risky...

BTC is a nascent asset still trying to find its place. Part of that is volatility. It's unrealistic to think anything could go from zero to a two trillion dollar asset in less than two decades. Facts are, old coins are getting distributed, volatility is decreasing, and long term price is trending up.

Nothing stops this train.
https://x.com/rivatez/status/1926776...lrSEnMWLQ&s=19

[Bunion 2020]

MICHAEL SAYLOR - Bitcoin will go up to $180K, then drop to $140K, and people will panic. This kind of volatility is normal, its part of Bitcoins nature. You can buy/sell it 24/7. Thats a feature, not a bug.

.

[byates1]

Just like the market, gold, houses etc. Things go up and down

[J. Barron DeJong]

Just like the market, gold, houses etc. Things go up and down

Has gold ever dropped 75% in a year?
Houses?

[byates1]

You are not the arbiter of anything. The fact is anything that keeps up and or exceeds the hurdle rate/endless qe is a store of value. Numbers don't lie. Good thing you only have half a brain.

[J. Barron DeJong]

That is a *no*.

[byates1]

No. Nothing stops the train.

Sent from my Pixel 9 Pro using Tapatalk

[byates1]

[J. Barron DeJong]

What do you get out of these Q Anon type videos?

Do you just enjoy being spoonfed your pablum?

Oh, Trump excluded Bitcoin in his tariffs. Motherfucker, the tariffs are on GOODS, they exclude ALL financial instruments.

[byates1]

I get about a million in BTC out of it. What about you?

[J. Barron DeJong]

Oh, you have cashed out over $1M so far?