21 minutes ago, mattmcginley7 said:

I love the mocking of me. 

2 minutes ago, Alpha_TATEr said:

It's great. I've provided amazing free info on some of the best performing assets in here for years extending back to the old emb and I have retards come in and complain about me. Keep going! I'm so hurt 

32 minutes ago, mattmcginley7 said:

I love the mocking of me. People who offer nothing at all but trolling just bring more attention to this thread and the bright people will find use out of it

Any time attention is brought to this thread, I just come in to see you being mocked.  Thanks @Alpha_TATEr

4 hours ago, downundermike said:

Any time attention is brought to this thread, I just come in to see you being mocked.  Thanks @Alpha_TATEr

Another idiot checking in on me. Welcome 

https://twitter.com/cryptohayes/status/1448788915339546627?s=21

On 10/15/2021 at 11:08 AM, mattmcginley7 said:

1. Your take goes against the math. It's egotistical disguised as "safety"

2. Taking my words out of context again lmao. You are the king of it. Amazing 

I’m hardly a fan of WGB as most can see but he’s right on this. BTC is the least volatile crypto and ~80% crashes are normal. That is INSANE volatility. Most people can’t stomach 80% losses in a year.

Warren buffet has a famous saying, the first two rules of investing are:

1) don’t lose money

2) don’t lose money

Because mathematically it becomes incredibly hard to recover from accumulated losses.

If you want to yolo into it, bully to you. I genuinely hope it works out. But the idea that you are guaranteed exponential returns over the long run is misguided. There are so many things that could happen to pull the rug out from under people, and that’s assuming someone is buying with a 5+ year time horizon.

Fanboyism has many forms, but it's always easy to spot.

FWIW, I bought some stock during the covid market crash, just checked relative to bitcoin and the stock is higher than bitcoin in that time frame.

So there are other "options" out there to make good money besides crypo.

As with any investment, if you can get in early before it goes mainstream you're going to make bank.

However getting in early can also result in losing all of your investment.

1 hour ago, greenskeeper said:

FWIW, I bought some stock during the covid market crash, just checked relative to bitcoin and the stock is higher than bitcoin in that time frame.

So there are other "options" out there to make good money besides crypo.

As with any investment, if you can get in early before it goes mainstream you're going to make bank.

However getting in early can also result in losing all of your investment.

I’d be interested to know what stock. BTC is up almost 20X trough to peak. That’s kind of the attraction of crypto — the vol is insane.
 

Definitely agree there is a lot of money to be made outside of crypto though.

4 hours ago, TEW said:

I’m hardly a fan of WGB as most can see but he’s right on this. BTC is the least volatile crypto and ~80% crashes are normal. That is INSANE volatility. Most people can’t stomach 80% losses in a year.

Warren buffet has a famous saying, the first two rules of investing are:

1) don’t lose money

2) don’t lose money

Because mathematically it becomes incredibly hard to recover from accumulated losses.

If you want to yolo into it, bully to you. I genuinely hope it works out. But the idea that you are guaranteed exponential returns over the long run is misguided. There are so many things that could happen to pull the rug out from under people, and that’s assuming someone is buying with a 5+ year time horizon.

Warren Buffet called Bitcoin "rat poison squared". He doesn't have much credibility in crypto, and by much I mean 0

You are OBSESSED with talking about the downside. Obsessed. If you bought any of the tops right before it crashed, you are up huge. Life changing gains. To acknowledge the downside you must simultaneously acknowledge the upside, and most importantly, you must acknowledge the risk adjusted returns are so heavily weighted to the upside. 

I've invested probably 10% of what I've made since early 2017 and it's now beyond life changing. Almost anyone could have done this. I've never been in a bad position, I have plenty of money in my bank account and in other investments. If my account dropped 90%, I'd survive just fine. But 1% is **** made

 

3 hours ago, Boogyman said:

Fanboyism has many forms, but it's always easy to spot.

I'm the only one that has no ego on this. Literally the only one. Everyone is so concerned about being safe, it seems reasonable to be that.

The math and fundamentals don't care about safety. They are what they are. Until Bitcoin is at minimum gold's market cap, the upside will vastly outweigh any of the stupid pointless volatility everyone is so concerned about

17 minutes ago, mattmcginley7 said:

Warren Buffet called Bitcoin "rat poison squared". He doesn't have much credibility in crypto, and by much I mean 0

You are OBSESSED with talking about the downside. Obsessed. If you bought any of the tops right before it crashed, you are up huge. Life changing gains. To acknowledge the downside you must simultaneously acknowledge the upside, and most importantly, you must acknowledge the risk adjusted returns are so heavily weighted to the upside. 

I've invested probably 10% of what I've made since early 2017 and it's now beyond life changing. Almost anyone could have done this. I've never been in a bad position, I have plenty of money in my bank account and in other investments. If my account dropped 90%, I'd survive just fine. But 1% is **** made

 

Every investor who knows what they are doing is obsessed with down side. It’s literally the most important aspect of investing. The entire world economy is based off of it.

Chances BTC drops 80% in the next few months? Asking for a friend...

1 minute ago, TEW said:

Every investor who knows what they are doing is obsessed with down side. It’s literally the most important aspect of investing. The entire world economy is based off of it.

I think everyone I'm talking to is stuck in slightly beat out inflation mode and don't try to make any money. That's not my goal. My goal is to invest in brilliant ideas only with disproportionate upside

2 minutes ago, JohnSnowsHair said:

Chances BTC drops 80% in the next few months? Asking for a friend...

0%

 

 

Former Goldman Sachs hedgefund manager has 99% of liquid in crypto, majority of that being Ethereum then Bitcoin. Unstoppable code and unstoppable money are two of the most important technological advances for humanity, is being adopted at a rate faster than the internet, is about to continue its bull run, but you want to be super cautious. Lol. That's all I can say

And let's not forget, both the SEC and Jerome Powell both said they have 0 intention of banning Bitcoin, a country just adopted it as a currency, it is about to be approved for a ton of ETFs, and we're still concerned about the regulatory risks? Lol. That's all I can say 

55 minutes ago, JohnSnowsHair said:

Chances BTC drops 80% in the next few months? Asking for a friend...

My best guess...

We probably go parabolic over the next 3-6 months then it comes crashing down.

There are some things different this time around compared to previous cycles: the amount of institutional money involved, the more inflationary environment, more mature on and off ramps, etc.

It will be interesting to see how BTC performs in what increasingly looks like a stagflationary next couple of years. 

53 minutes ago, mattmcginley7 said:

 

 

Former Goldman Sachs hedgefund manager has 99% of liquid in crypto, majority of that being Ethereum then Bitcoin. Unstoppable code and unstoppable money are two of the most important technological advances for humanity, is being adopted at a rate faster than the internet, is about to continue its bull run, but you want to be super cautious. Lol. That's all I can say

And let's not forget, both the SEC and Jerome Powell both said they have 0 intention of banning Bitcoin, a country just adopted it as a currency, it is about to be approved for a ton of ETFs, and we're still concerned about the regulatory risks? Lol. That's all I can say 

Funny because he called it all a huge bubble in a Forbes article.  You really just scrape for whatever supports your beliefs.   When in reality it is a bunch of people richer than you trying to pump the value of their holdings.

8 minutes ago, BBE said:

Funny because he called it all a huge bubble in a Forbes article.  You really just scrape for whatever supports your beliefs.   When in reality it is a bunch of people richer than you trying to pump the value of their holdings.

You're an idiot 

1 hour ago, mattmcginley7 said:

I think everyone I'm talking to is stuck in slightly beat out inflation mode and don't try to make any money. That's not my goal. My goal is to invest in brilliant ideas only with disproportionate upside

Dude, we all want investments with multiples of upside to our capital at risk. Asymmetry is what everyone wants.

But we also don’t want to lose money. You have to temper the asymmetry with the uncertainty of possibly losing everything you put into it. Look up Kelly Criterion. Not to throw this back in the dumpster fire of sports betting, but it’s a model of how much capital to put at risk on an option. There is a reason the % of capital is so low even on high expected win % bets. It’s because even great bets with high probability and high upside can lose. 

Crypto can make you very wealthy very quickly, yes, but it can also lose you a lot of money very quickly. This certainty you speak of, with 100% conviction on the most volatile asset class on earth, it’s just crazy. The smartest investors in the world, most of whom probably are or have been involved in crypto in some fashion, don’t have that kind of certainty. If someone like Soros or Druckenmiller doesn’t have 100% conviction, maybe take a pause? A quick self reflection?

I don’t know how old you are, but I’ve been through a few recessions at this point in my life. I’ve seen market crashes and I’ve seen people lose everything. I’ve seen people say they were 100% certain on Dotcom stocks and housing. And I’ve seen them ruined. It’s not something I ever want for myself or anyone else. You can take a piece of your wealth, put it in crypto, and have great upside without risking being completely wiped out.

Just my $0.02. But you do you. Believe me, if BTC goes to infinity, I’ll be just as happy as you.

3 minutes ago, TEW said:

Dude, we all want investments with multiples of upside to our capital at risk. Asymmetry is what everyone wants.

But we also don’t want to lose money. You have to temper the asymmetry with the uncertainty of possibly losing everything you put into it. Look up Kelly Criteria. Not to throw this back in the dumpster fire of sports betting, but it’s a model of how much capital to put at risk on an option. There is a reason the % of capital is so low. It’s because even great bets with high probability and high upside can lose. 

Crypto can make you very wealthy very quickly, yes, but it can also lose you a lot of money very quickly. This certainty you speak of, with 100% conviction on the most volatile asset class on earth, it’s just crazy. The smartest investors in the world, most of whom probably are or have been involved in crypto in some fashion, don’t have that kind of certainty. If someone like Soros or Druckenmiller doesn’t have 100% conviction, maybe take a pause? A quick self reflection?

I don’t know how old you are, but I’ve been through a few recessions at this point in my life. I’ve seen market crashes and I’ve seen people lose everything. I’ve seen people say they were 100% certain on Dotcom stocks and housing. And I’ve seen them ruined. It’s not something I ever want for myself or anyone else. You can take a piece of your wealth, put it in crypto, and have great upside without risking being completely wiped out.

Just my $0.02. But you do you. Believe me, if BTC goes to infinity, I’ll be just as happy as you.

Infinite possibilities exist of course, it's just so weighted to the upside that I think it's as good as an opportunity we'll ever see in our lives. I don't want to miss that. My allocation has absolutely taken into consideration any potential risks, I've made it pretty clear that I'll be fine no matter what happens

Drunkenmiller and Soros don't operate for maximum return. They'll gladly take whatever position represents a fair amount of upside with as little risk as possible and understandably so, they ain't trying to achieve financial freedom anymore. You're more in that direction than I am. 

I'll reach a point where I'll have everything I could have ever wanted and then my position will change in terms of risk profile. I'll always be in brilliant ideas, but maintaining wealth will be become a larger priority

I actually do appreciate your concern and thoughts btw. I value your opinion even if I don't always agree

9 hours ago, mattmcginley7 said:

I think everyone I'm talking to is stuck in slightly beat out inflation mode and don't try to make any money. That's not my goal. My goal is to invest in brilliant ideas only with disproportionate upside

0%

Give me a 100k and I’ll make you millions. 

Bulls make money,

Bears make money,

Pigs get slaughtered.

1 hour ago, greenskeeper said:

Bulls make money,

Bears make money,

Pigs get slaughtered.

That quote for crypto is trash. Actually that quote in general is poop lol

"Patient long term investors in brilliant ideas get rich"

13 hours ago, mattmcginley7 said:

That quote for crypto is trash. Actually that quote in general is poop lol

"Patient long term investors in brilliant ideas get rich"

Sorry man if you don't sell at the end of this bull run then you are foolish. Always take profits. 

 

And this is good news for Barry and Grayscale if gets approved. 

 

1 hour ago, DaEagles4Life said:

Sorry man if you don't sell at the end of this bull run then you are foolish. Always take profits. 

 

And this is good news for Barry and Grayscale if gets approved. 

 

Show me where in 2017 you sold the top and bought in big after it down at least 50%

 

Obviously selling the top is great. But you'll get it wrong and you won't buy the bottom. I can guarantee it