Financial topics

[Cool Breeze]

It might be worthwhile to collect some phrases that people were using at the top of the stock (2000)... bubble...

Stocks in 2000
Stocks return more than any asset class over time.
It's a new era.
People just don't get it.
He gets it.
Dow 100,000.

Stocks return more than any asset class over time.

BTC has outdone every other asset for its lifetime.

CHECK!


It's a new era.

Never in human history could you send value (and do much more) without having to trust anyone, or have a centralized authority to monitor or legitimize that for you. Now we do.

CHECK!!


People just don't get it.

Clearly, none of you understand that as being far more valuable than anything anyone has dreamed of.

CHECK!!!


He gets it.

Marks/Jones/Saylor/Musk/Druckenmiller etc ... finally admitted, AFTER being skeptics, that they finally "get it."

MEGA-CHECK!!!


Dow 100,000.

I wonder what Higster will say when BTC is 100k

I'll be dunking in your face when it gets to 100k and beyond.

SUPER MEGA-CHECK!!!

If you price BTC in gold and stocks in gold, stocks have done nothing but a sideways movement. So sorry to break the news to you, BTC crushes stocks. Go ahead and verify my statement, or ignore the inconvenient fact.

[aeden]

https://research.stlouisfed.org/wp/more/2020-047

https://www.youtube.com/watch?v=MZMtz9AiJS8

[Higgenbotham]

It might be worthwhile to collect some phrases that people were using at the top of the stock (2000)... bubble...

Stocks in 2000
Stocks return more than any asset class over time.

BTC has outdone every other asset for its lifetime.

CHECK!

So sorry to break the news to you, BTC crushes stocks.

DOUBLE CHECK!

Every statement you make falls into the same bubble talking points categories that were used the justify the stock market bubble in 2000.

[Higgenbotham]

[Higgenbotham]

The tulip market began to take off in 1634 with rising prices for tulips. It led to a tulip craze, as tulip prices began to soar.

Quickly on the tulip bubble, which is the most embarrassing comparison these emotional hater posters put forth: The tulip thing was overstated, but even if you don't believe that, the nail in the coffin for the stupidity in comparison is that the "tulip bubble" - or any other bubble akin, lasted all of 1 year?

See above chart.

TRIPLE CHECK!!!

[aeden]

There's currently 28,185 bitcoin ATMs in the United States. About 10,000 of those have popped up over the last 5 months. T
https://www.youtube.com/watch?v=Or12UEx8fHY

[Higgenbotham]

It might be worthwhile to collect some phrases that people were using at the top of the stock (2000)... bubble...

Stocks in 2000
It's a new era.

It's a new era.

Never in human history could you send value (and do much more) without having to trust anyone, or have a centralized authority to monitor or legitimize that for you. Now we do.

CHECK!!

Bitcoin enables you to be your own banker. This innovation has never been realized before in the history of humanity.

DOUBLE CHECK!!

It's a new era! The Cool Breeze Bank is open for business!

LOL!

If you're going to be debating Nouriel Roubini, you've GOT to do better or none of the major networks will bring you on.

[Higgenbotham]

Cool Breeze,

Alibaba seems to be the leading innovator in blockchain and cryptocurrency. They have more blockchain patents than any other company.

I can't find anything recent from Jack Ma (he's number 25 on the Forbes real time list of billionaires) but he's another high profile person who's stated that Bitcoin is a bubble and won't deal with Bitcoin. I can't find any evidence that Alibaba accepts Bitcoin, even now. Perhaps you could try to arrange a debate with him. Anytime I've seen him on the business channels, he seems like a regular guy who might entertain such a thing. He was a teacher before starting Alibaba.

Also, maybe Max Keiser at RT would consider hosting a segment on this topic.

Good luck and go get 'em, my friend. I'll be sure to watch if you can arrange a high profile debate and surely I will learn something from it.

'Blockchain Is Not a Bubble, But Bitcoin Is,' Says Alibaba's Jack Ma

TANG SHIHUA

DATE: MAY 17 2018/ SOURCE: YICAI


(Yicai Global) May 17 -- Jack Ma, executive chairman of China's tech conglomerate Alibaba Group Holding Ltd. and a long-standing skeptic of one of the well-known cryptocurrencies, repeated his criticism of Bitcoin, but talked up the blockchain technology.

"Blockchain is not a bubble, but Bitcoin is," Ma reportedly said yesterday, according to online new site The Paper. "Bitcoin is only a small part of blockchain," Ma told the second World Intelligent Congress in Tianjin, North China.

"Blockchain is not a gold mine. It must be a solution to data privacy in the data age," Ma said. "It has to provide value before it can become wealth."

Alibaba has long studied blockchain and currently has the most blockchain patents in the world. "Alibaba will die if there is no blockchain," Ma reportedly said.

Alibaba's co-founder realized the importance of blockchain technology when he heard that it could solve the problem of data privacy security before he understood it, Ma said. Alibaba has been working on blockchain for years, but it has no intention to deal with Bitcoin, he repeated.

https://www.yicaiglobal.com/news/blockc ... ba-jack-ma


I think you'd have too much trouble debating Roubini.

How about challenging Jack Ma to a debate? Who knows, he might even hire you. He says he's a great talent spotter.

[aeden]

https://www.youtube.com/watch?v=2YojdUt5rag co in c dinks
https://www.youtube.com/watch?v=GHmizfw7eo0

[Higgenbotham]

May crude topped on March 8 at $67.79 and it's currently $61.33. Early last year the S&P topped about 6 weeks after oil topped. Bitcoin (a liquidity indicator) topped on March 13 (this would normally be my first mention of Bitcoin in awhile). Since Bitcoin sentiment has been extreme, the February 21 high needs to be considered as a reference point. In 2017, Bitcoin topped on December 18 and the S&P topped about 6 weeks later on January 26, 2018. The VIX made a low Thursday. Normally there can be a few days or weeks of divergence between the VIX and the S&P. A few months ago, I was looking for an S&P top around March 26 near 4200. If we can see some new highs over the next few weeks, I'll short into those using -1x ETFs for minimal sheep shearing. No leverage. It doesn't have to get near 4200 if it gets into the time window and conditions look right. I likely won't be doing any trading of stocks from the long side for several months.