Financial topics

[Higgenbotham]

The 2010 peak was 13 months after a major market bottom.

I just read this on a well known analysts' twitter. He's right, but there's another way to look at it. The flash crash was exactly 14 months from that major market bottom.

[Higgenbotham]

I'm going to keep a running update of Bitcoin bubble talking points that match the stock market bubble talking points that were common in the year 2000.

It's uncanny how the 2021 bitcoin bubble talking points used in this forum almost match word for word the year 2000 stock market bubble talking points.

Example:

2000 Stock market bubble talking point: Stocks return more than any asset class over time
2021 Bitcoin bubble talking point: BTC has outdone every other asset for its lifetime

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.

But go look at gold, or any other asset that you can think of and compare it to BTC for 10 years. Then bow down.

BTC has outdone every other asset for its lifetime.

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

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.

No other asset has this feature, none ever created.

Bitcoin is the greatest asset for saving the world has ever seen. Period.

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

People just don't get it.

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

It's not amateur hour, otherwise, you are adding to it. It was a short statement of what's going on since I'm not going to write a tome on why you aren't realistic and are remarkably biased in your views (on this issue).

This is what you are missing. The legacy and pricing (volatility) isn't settled yet for BTC, thats why you are confused.

All the more reason that continual stubbornness and ignorance regarding btc will also cause more problems

But that's fine with me, I'll be a 1% while others keep calling it a ponzi

Just like your BTC fear porn.

The problem is that your opinion of BTC is so hollow it's hard to take you seriously.

It's funny you think bitcoin is gambling, since it ... isn't.

Do you think they are investing in BTC? LOL. You gotta know the game

As a smart person, you should be able to at least guess. If you can't, you literally have no idea what BTC is and shouldn't even be asking questions about it since you clearly don't even care about it or the debate.

It's time to step up your game, you guys don't even know what mixing is, etc.

The oddity of the totally vacuous criticisms of BTC is really breathtaking, but in reality it's actually yet another proof for bitcoin.

The problem is that none of the criticisms are beyond an emotional level, most are nonsensical (tulip mania lasted 1 year and it was something that had no value and didn't even bankrupt people, which was my point).

Good luck lugging around a bunch of nickels to a new land that isn't crushed by fall out or has ruined water or land - whoops you didn't think of that. Why? Bitcoin is optimal for that and you hate BTC for no good reason.

Notice that Higgy still doesn't have a real objection to BTC. My conclusion is that he actually doesn't understand it. At all.

The best example is your non-criticism of BTC and lack of understanding of it.

He gets it.

Saylor is an MIT guy, but he must be stupid like me, since he's in BTC towards a billion.

I've answered the value question many times, but surely you can't think that myself, Elon Musk, Michael Saylor are idiots. Whether you want to believe we are right or wrong, there is clearly a reason (or many) why we believe it has value.

Since you make so much sense and are pro BTC, Vince, surely you don't know what you are talking about.

Ha, you still think the smartest investors in the world are buying BTC for fun. This is just amazing. Oh yeah, and you think the billionaires don't know if the gov't is going to actually do anything? Ha, of course they aren't, that's why they are piling in.

Howard Marks, another dummy, just said BTC is a place to be.

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

Dow 100,000.

I wonder what Higster will say when BTC is 100k

It's going to be funny when the Peter Schiffs here keep calling it a bubble as it climbs past 100k.

But I'm sure BTC will be a speculation after a decade and an all time high of six figures. Right? LOL

It's going to be funny when it is six figures next year, hundreds of more companies (like Mass Mutual) own millions and billions of value in BTC...

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

Seriously, it'll be the funniest thing in the world when BTC is 15, 20 years old and the chicken littles are still screaming "bubble, bubble!" while it is 6 or 7 figures in USD value.

I foresee more Peter Schiff responses as it passes 100k.

[aeden]

Another behavioral sink H.

[Higgenbotham]

MicroStrategy CEO Saylor on Bitcoin Buying Spree

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

If I get a chance, I'll quote from this and comment. If anyone else can also do that, it might be enlightening. The basic gist of what I heard him saying is that with the dollar being debased 15-25% per year (his numbers that he repeats over and over), he needs to grow his idle capital at that rate or greater or his business can't survive. The other thing he's saying along with that is that only the large tech companies like Apple, Microsoft, Google and Facebook can do that (achieve 15-25% growth - not sure if growth is the word he used). He uses M2 as the basis for saying the dollar is being debased 15-25% per year and seems to be making the implicit assumption that the increase in M2 is a direct proxy for his (future) cost of capital. I hope I summarized that accurately.

[aeden]

We discussed this as 20 percent per generational as the nominal decay.

[aeden]

Nothing to see. It's fine to put kids in cages with Democrats.
No Border no Country is a impossible concept.
Keep it simple stupid was mentioned.

[aeden]

https://www.youtube.com/watch?v=G1y38N4LQiU true evil and borders

[Cool Breeze]

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.

Here's your problem, and why you can't think straight about this topic: everything is a bubble to you. You can't even differentiate value from a bubble, because your whimsical approach doesn't define what either is. Sorry, you don't get to just declare something is a bubble without any reasoning. Tell me something that ISN'T a bubble (for example, something that is increasing in price, just to make it a comparison) and why?

I hope everyone notices the response to this, will yet again, be a nothing answer.

[Higgenbotham]

I just added another one to the "People just don't get it" list. According to him, anybody who has any objections about Bitcoin "just doesn't get it" - it doesn't matter what the objection is. There are at least 10 of us who "don't get it" here.

I'm going to keep a running update of Bitcoin bubble talking points that match the stock market bubble talking points that were common in the year 2000.

It's uncanny how the 2021 bitcoin bubble talking points used in this forum almost match word for word the year 2000 stock market bubble talking points.

Example:

2000 Stock market bubble talking point: Stocks return more than any asset class over time
2021 Bitcoin bubble talking point: BTC has outdone every other asset for its lifetime

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.

But go look at gold, or any other asset that you can think of and compare it to BTC for 10 years. Then bow down.

BTC has outdone every other asset for its lifetime.

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

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.

No other asset has this feature, none ever created.

Bitcoin is the greatest asset for saving the world has ever seen. Period.

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

People just don't get it.

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

It's not amateur hour, otherwise, you are adding to it. It was a short statement of what's going on since I'm not going to write a tome on why you aren't realistic and are remarkably biased in your views (on this issue).

This is what you are missing. The legacy and pricing (volatility) isn't settled yet for BTC, thats why you are confused.

All the more reason that continual stubbornness and ignorance regarding btc will also cause more problems

But that's fine with me, I'll be a 1% while others keep calling it a ponzi

Just like your BTC fear porn.

The problem is that your opinion of BTC is so hollow it's hard to take you seriously.

It's funny you think bitcoin is gambling, since it ... isn't.

Do you think they are investing in BTC? LOL. You gotta know the game

As a smart person, you should be able to at least guess. If you can't, you literally have no idea what BTC is and shouldn't even be asking questions about it since you clearly don't even care about it or the debate.

It's time to step up your game, you guys don't even know what mixing is, etc.

The oddity of the totally vacuous criticisms of BTC is really breathtaking, but in reality it's actually yet another proof for bitcoin.

The problem is that none of the criticisms are beyond an emotional level, most are nonsensical (tulip mania lasted 1 year and it was something that had no value and didn't even bankrupt people, which was my point).

Good luck lugging around a bunch of nickels to a new land that isn't crushed by fall out or has ruined water or land - whoops you didn't think of that. Why? Bitcoin is optimal for that and you hate BTC for no good reason.

Notice that Higgy still doesn't have a real objection to BTC. My conclusion is that he actually doesn't understand it. At all.

The best example is your non-criticism of BTC and lack of understanding of it.

Here's your problem, and why you can't think straight about this topic: everything is a bubble to you. You can't even differentiate value from a bubble, because your whimsical approach doesn't define what either is. Sorry, you don't get to just declare something is a bubble without any reasoning.

He gets it.

Saylor is an MIT guy, but he must be stupid like me, since he's in BTC towards a billion.

I've answered the value question many times, but surely you can't think that myself, Elon Musk, Michael Saylor are idiots. Whether you want to believe we are right or wrong, there is clearly a reason (or many) why we believe it has value.

Since you make so much sense and are pro BTC, Vince, surely you don't know what you are talking about.

Ha, you still think the smartest investors in the world are buying BTC for fun. This is just amazing. Oh yeah, and you think the billionaires don't know if the gov't is going to actually do anything? Ha, of course they aren't, that's why they are piling in.

Howard Marks, another dummy, just said BTC is a place to be.

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

Dow 100,000.

I wonder what Higster will say when BTC is 100k

It's going to be funny when the Peter Schiffs here keep calling it a bubble as it climbs past 100k.

But I'm sure BTC will be a speculation after a decade and an all time high of six figures. Right? LOL

It's going to be funny when it is six figures next year, hundreds of more companies (like Mass Mutual) own millions and billions of value in BTC...

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

Seriously, it'll be the funniest thing in the world when BTC is 15, 20 years old and the chicken littles are still screaming "bubble, bubble!" while it is 6 or 7 figures in USD value.

I foresee more Peter Schiff responses as it passes 100k.

[aeden]

Talking points match this.https://www.zerohedge.com/markets/turke ... e-imminent