Recent content by Matade

Internet being taken out will benefit the humanity actually.

This is a fair point. The #1 priority for China would be to hack the military infrastructure, but they would have probably anticipated this and switched to quantum safe encryption by now. Still, they would go for governments first, then crypto, then whatever is left over. Also, keep in mind...

awesome, thanks

No, China doesn't operate on devil-mindedness, they operate on pure, unrestrained LOGIC. They are extremely far-seeing and have multi-decade plans for world domination. CCP insiders would make sure to place short bets on Bitcoin and then crash it at perfect moment. It just makes logical sense...

Yes, and Bitcoin will plummet as a side effect, because this news or imminent risk will be priced in instantly. That makes BTC unusable. What's the point? It will shatter the trust for normies. Nobody will jump through all the hoops necessary when they can just use Revolut which will transfer...

No, it's not. If you can really do this, you'd be extremely smart (think quant 135+ IQ measured, no e-stat) and work for one of the big trading firms on WallStreet raking in millions on the annual. Or run your family office. Or at least appear on Forbes 30 under 30. Any of those apply to you...

Kudos to you for not asking GPT o3-Pro to write out a realistic reply to my question, then posting it here as your own for internet brownie points.

Exiting crypto right now is very smart. People think we will have "another cycle", but I don't think we will. This is end game for crypto. Quantum computers, EU MICA and tightening regulations will change the game completely. CCP breaking Bitcoin within 5 years will make people lose trust in...

Ummm, what's the point of saying "you can make money still!" and then not say how? I thought this forum was intended to help each other?

You should buy stock indices with 30 year timeframe. Common misconcepton. Centralized instutitions will quickly transfer to quantum proof encryption. It will be easy to do due to centralized aspect. Brokers, banks will be fine. Stuff like imessage, signal and tuta have already transferred...

No, move there as tax resident.

Can you tell me all the ways it can go wrong? I can see some: 1) Hack / crack, institution going bust. 2) No SIPC coverage. 3) Can't transfer them out of the institution, since they are not real shares. 4) You don't actually have voters rights.

It just has to happen once in 1000 and you're totally screwed. SIPC doesn't protect Kraken's synthetic tokens like they do invetments at Schwab or IBKR, because the latter actually hold real stocks for you not FTX crypto tokens.

Nobody can time bottoms. Worthless "IF".

Global stock indices like VT are not risky. Keeping your money in cash which inflates or into cryptos which will get destroyed by CCP quantum computers within 5 years is risky. Keeping your money in gold is even riskier, since anyone can take it from you. Real estate is risky, too, since it's...