I posted this about 4 years ago - it's funny how much the public perception has shifted - including on Wall Street.
I posted this about 4 years ago - it's funny how much the public perception has shifted - including on Wall Street.
"We believe that a security whose appreciation is primarily dependent on whether someone else is willing to pay a higher price for it is not a sutiable investment for our clients"
Isn't that how every security/commodity/asset works? When you think about it.
BTC price (AUD) should, IMO, reach around $300k within the next 12 - 18 months. Then a 75% drop, as had happened in the past multiple times.
It will come out sooner or later! If that was the case. Exciting times.Na, but l did read that Bezos cashed out a large number of Amazon shares (your link above). Interesting times....
However, in the long long run, the ideal approach is to just hold forever. The supply of Bitcoin is capped, and there will only be increasing demand over time. It's basic economics.
I hope you are right!Agreed 100%
IMO, if you put $100k into BTC right now and wait 3 halving cycles, you can retire.
Good ole Noirua indicator can't be beatNoirua posts on bitcoin are always ahead of the heard.
I'm going to start using him as my leading indicator for bitcoin.
Just want to point out I was here for a while!We are probably witnessing a paradigm shift and once in a lifetime transfer of wealth to digital natives.
So BTC = BRK? Cant live off BRK dividends.No, in investments you look to the asset it’s self to generate a return, you don't have to rely on some one else buying it from you at a higher price to make your return.
if you are relying on price action to make your return, that’s speculation not investment.
for example, let’s say you bought a dozen large farms and leased them to tenant farmers, and each year you earned lease payments from them. Your family could go generations without selling that asset and living off the income, that’s an investment, you might never ever check the price of the land. that’s what I mean by looking to the asset to make your return.
you can’t live off bitcoins like that.
but if you buy the farms hoping they go up next week that’s speculation not investment.
Now of course one day you might hope to sell the farms and make a capital gain, due to the value of the farm rising over time, but that’s still an investment, because it’s a productive asset.
Hey Mate, long time no see.So BTC = BRK? Cant live off BRK dividends.
Actually it would be be easier to buy food with BTC than a BRK share cert
Hey Mate, long time no see.
No, when it comes to Berkshire, it’s a huge conglomerate of businesses that generate cashflow, it uses this cashflow to keep getting larger every year and buying back shares, so over time its share price will just continue to grow.
So in that particular case, if you wish to live off berkshire you would just sell some shares each year, but your return is still based the performance of the underlying businesses. It’s just you are accessing this value by selling that organic grow each year. You aren’t simple hoping the share certificate goes up for no reason.
Bitcoin on the other hand doesn’t grow in size, it doesn’t generate cashflow, it just sits there, and you just hope it goes up in value but it has no real Intrinsic value itself.
imagine if Berkshire had no assets, it was an empty shell company that people traded stock certificates on, then it would be like Bitcoin.
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