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Basically what i've been saying - Bitcoin=liquidity / crypto outperforms debasement.
- Thread starter wellington
- Start date
It would be very nice if we could attach some sentences to the videos that are posted so it makes more sense as to why they are posted. I am well aware of the message in these videos, but everyone has their personal opinion and view, which one is of course allowed to express so there is also something to discuss
Please introduce this rule for any video longer than 1 minute. I don’t have 56’20” to watch a random guy playing economy guru.
Agreed. It'd be an honor to enforce such a rule.
If you post a long video or other external link (long article/blog post), you should:
- Have watched it.
- Provide a summary and your genuine thoughts or questions about it.
For clarity, no shade to @wellington intended at all.
Point taken, I will add it to the forum rules now and update in this thread as well as in the notification system.
All updated in our Terms and conditions.
https://www.offshorecorptalk.com/help/terms/
All updated in our Terms and conditions.
https://www.offshorecorptalk.com/help/terms/
Last edited:
Apologies 4-5 mins specifically but throughout -> refers to debasement of currency and how that's being offset with only two asset classes 'Tech =Nasdaq', 'Crypto = Monetary Supply + Technology innovation'.
Other asset classes have underperformed currency debasement but risen nominally since 2013.
Gold: -4% annually against Debasement (however expected to catch up violently).
SPX: Flat since 2013 against currency debasement but risen nominally.
Real Estate: -2.5% since 2013 against debasement but risen nominally.
Covered: What are some things that don’t depreciate much? (Household item -ecommerce)
~etc
Other asset classes have underperformed currency debasement but risen nominally since 2013.
Gold: -4% annually against Debasement (however expected to catch up violently).
SPX: Flat since 2013 against currency debasement but risen nominally.
Real Estate: -2.5% since 2013 against debasement but risen nominally.
Covered: What are some things that don’t depreciate much? (Household item -ecommerce)
~etc
All these talks about bitcoin outperforming other assets are always based on a primitive manipulation that you bought bitcoin when it cost next to nothing. There are plenty of people who bought bitcoin when it cost $60k and they lost a lot of money. Then there are people who lost all their crypto assets with a sim swap attack/FTX bust or a wallet vulnerability (fake update request in Electrum comes to mind, lots of people lost their bitcoins).
Everyone is a billionaire when playing backtracking.
Back in 201X Bitcoin was a funny concept with a miserable liquidity and even more miserable options to safely store and transfer it. To be called investable an asset must have a healthy market for buying, selling and storing. That's why you don't invest in corn or oil directly - you have nowhere to store it and no simple way to move the goods, but you can invest in futures for instance.
So whoever bought and safely kept some BTC back when it was pennies won a lottery, but I wouldn't call it an investment decision.
Comparing to the currency debasement - well, as with many assets it depends on the time period. Did BTC outperform USD when comparing with 2021 highs? No, it actually lost like 40-50% of it's value.
And finally, if you like backtracking so much you can use the same logic to yolo all your funds in something like NVDA just because it historically outperformed BTC/SPY/QQQ/GLD, but would you?
Back in 201X Bitcoin was a funny concept with a miserable liquidity and even more miserable options to safely store and transfer it. To be called investable an asset must have a healthy market for buying, selling and storing. That's why you don't invest in corn or oil directly - you have nowhere to store it and no simple way to move the goods, but you can invest in futures for instance.
So whoever bought and safely kept some BTC back when it was pennies won a lottery, but I wouldn't call it an investment decision.
Comparing to the currency debasement - well, as with many assets it depends on the time period. Did BTC outperform USD when comparing with 2021 highs? No, it actually lost like 40-50% of it's value.
And finally, if you like backtracking so much you can use the same logic to yolo all your funds in something like NVDA just because it historically outperformed BTC/SPY/QQQ/GLD, but would you?
This is unrealised loss, you lose only if you sell.
People who bought at $60K 2 years ago need to be a bit more patient, they will undoubtedly be in profit by 2025.
The point was that it's 1 of 2 classes of assets that have outperformed currency debasement since 2013 based on the Gov/Private sector refinancing debt (debt monetization) - which is now the norm in 3.5yr cycles (70 trillion$ a year) over 5 yr debt cycles.
No one is paying the debt -> its all rolled forward.
When it comes to a crunch.
The Gov debases (provides stimulus to juice the system) to keep it going and collapsing on itself.
Two asset classes have outperformed that since 2013.
The point is that repeating some provocative statement about "debasement" many times doesn't make any sense. (I guess you mean by it the real inflation that you calculated and yet did not share any information about the way you calculated it).
Since you shared a video, I'd like to share a better one:
Since you shared a video, I'd like to share a better one:
I am not making provocative statements about debasement -> I provided the evidence previously in numerous fact based chart form.
I also will provide a long-explainer here : (again).
https://anonymfile.com/N2d3/55c1ee2a-4437-468f-a604-759f1acc599f.pdf
As for your 'crypto youtube video - we've all seen it', however I look from a statistical mathematical point of view, not a casino gambling point of view which you appear to take or view of the industry itself.
75 pages? I'm going to continue reading because it comes from you. Hopefully, this will catapult me from the abyss of ignorance
I think you can signup for Realvision.com also - some free access there to some of the platform -> or youtube. (delayed basic extracts).. (channel).75 pages? I'm going to continue reading because it comes from you. Hopefully, this will catapult me from the abyss of ignorance
It's well worth it, we recognised a lot of what is unfolding now in 2016, however we had our exit points but they were considerably below where we ended up (2.8k -> 4.Xk/44k-65k) it was a scramble to see where the cause was in the system to miss the extra scraps on the table, then Raoul mentioned something during an interview, and it clicked... then slowly he put together that thesis together...
It aligns with our internal thoughts (biased) and explains where we missed opportunity (reinforcing our bias).
But math = math and rarely wrong, looking outwards and factoring in this is a continuation until eventually it all goes pop... it seems a waste to be debased in certain asset classes and 'locked in the barn' when you can ride + % gain and stay outside of the barn when it all does go kaput.
nah do yourself a fav and save that cash. Rug paul "basically risk-free" luna/ust does not provide any real value in *crypto*.
You can easily figure out the some about shatcoins on youtube etc. for free.
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