Bitcoin

[vvarvnn]

I have always been wary of assets that do not produce a dividend yield or earnings growth.......my loss but I just stick to what I understand and know without speculating.

 

[fmyth]

Ok. But then consider that Trump's personal crypto holdings reflect a similar portionality of being ETH heavy.

Why should I be concerned about Trumps crypto holdings? The fact that he has any crypto at all is an accelerant for crypto acceptance and growth. Even his recent shitcoin fuckery was a net positive for the entire crypto industry. Up until Trump was elected there was always a risk that our Govt would crack down on crypto. Now we have a President that is a crypto investor, a Government Crypto Czar and a Secretary of Commerce that has hundreds of millions of dollars invested in BTC. By this time next year the US will likely be buying Bitcoin for the new US Sovereign Wealth Fund and Bitcoin will be trading for more than $250,000. I'm buying more. More BTC, more MSTR , more FTBC, more IBIT and more MSTY.

 

[fmyth]

Not in it either - for me it's not worth worrying about the volatility day in/day out. With that said, it'll probably go sky high now....

This aged well. Bitcoin was $63,000 the day you posted this. It is now $100,500.

Lol exactly my view too.....

You can't have high returns without short term volatility. I'll take the short term volatility and enjoy the 58% gain.

 

[Craig Van Arsdale]

Trump and his kids shitcoining will not stop the bleeding of ETH into irrelevancy!

Reminder that everything trends to zero vs Bitcoin over the long term!

Those of us that have been in the market for many years all had to learn these lessons the hard way and the Trumps will learn as well.

Everyone get Bitcoin at the price they deserve.

 

[fmyth]

"One of the first things we are going to look at is the feasibility of a Strategic Bitcoin Reserve."-

David SacksWhite House AI and crypto czar

https://twitter.com/x/status/1886871560243581253