It hedges inflation for goods/services. It also hedges a deflationary stock market & real estate crash.
Driver 8, NRG VP wanted a CC with us about mining off their power plants effluent steam. The capex on that will be enormous, so that’s likely a 2 year project. Had CC’s with a west Texas operator and San Antonio operator. Both have stranded gas. The one in SA is 4 Mega Watts / Day! It’s going to take a while. I’m finding it easier in smaller markets. Downtown Houston market is hard to penetrate!
Bitcoin Is Still Your Liferaft! I’m posting this hoping some of you reads it. Inflation is really monetary devaluation. It’s going to get worse. It’s all planned and the life raft or escape hatch is Bitcoin!
AC, with China banning bitcoin do you think there is still activity in China with it or will the government be able to end it all?
I saw that statement in a headline. If you are right and I hope you are, that means it is unstoppable.
Driver 8 is absolutely right. China hates Bitcoin, they have "made it illegal" in many ways, many dozens of times. It never works. The first time I know of China making Bitcoin illegal was 2012 or 2013. This goes way back. Turkey's President claims he is at war with Bitcoin. Bitcoin is worth $386,000+ Turkish Lira per coin.
Bitcoin hit $60K this morning! Won’t be long till it takes out the ATH of $64 829! SEC will soon approve the first Bitcoin ETF! Wonder what that will do to price?
2 ETF’s for Bitcoin go live Monday. I would buy the real thing and store it offline. But 150 million investors have to invest inside their 401K. So the ETF opens it up for all of them. Next week should be good!
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I have both, but Bitcoin maximalists don’t like that. Tribalism. I will say Bitcoin is truly decentralized Ethereum is not. Eventually Bitcoin could take over all Cryptos. But, ETH is likely to survive as well.
It's hard to give up Ethereum when it is outperforming Bitcoin for now. I bought Ethereum because someone I know who does block chain development. It may not be decentralized but it supposedly has other technical advantages. I will let the market decide.
Hopefully they are part of the selloff going on right now to lock in their profits. Not sure how I feel about Pension funds gambling their members hard earned money. It's one thing to invest in asset backed securities but digital currencies are a whole 'nuther level of risk. They might as well be going to a casino and betting with pension funds.
I'm not being critical. Someone is doing a little profit taking as Bitcoin is off 5-6% today. I know...not a big move in a relatively volatile asset. Still, it's been on a tremendous run so stepping back a bit is evidence that some investors are trying to lock in their profits.
You're overexaggerating my statement a bit, don't you think? My statement was in relation to a Pension Fund investing in Crypto. It's one thing for investors like us to play craps but there are a lot of retirees in that Pension Fund who have their money at risk, right? If I was retired I wouldn't want the risk of Crypto.
I’ll say this. I can see myself holding Bitcoin until I die. Not sure about ETH. I’m enjoying the gains, but ETH won’t change the world. Bitcoin will!
Following your lead, in now have a minor position in crypto. REAL minor. glad to see you’re killing it.
I am for helping anyone hedge inflation. I don't care if your a Sooner, an Aggie, a Democrat, or a Republican.
Apparently Newt Gingrich is promoting bitcoin now with the International Bitcoin Advisory Corporation (www.ibac.io). Is he still relevant/popular in political circles?
The green warriors who use their agenda to attack Bitcoin won’t like this. "Digital Boilers" Powered By Bitcoin Mining Rigs To Supply North Vancouver With Heat | ZeroHedge
