Have I ever claimed to understand what you write in terms of the potentially fine nuances that might exist.

No fucking way José!!!!

In udder wurds, from your post, whether right or wrong, I just got the gist that you were saying too many nice-ily lil ting-a-lies about about dee ting-a-lie that is referred to as shitcoin gold... so why not error on the side of saying:  "fuck gold?"  Seems like a good starting stance.. to shoot first, and ask questions later, if anybody's got time for the asking questions later part?


I could say the same thing back to you.

You should recognize by now that my own long-term projections about BTC's ultimate valuations have hardly anything to do with my own material comfort levels..

I am talking about actual asset valuations as they relate to bitcoin fundamentals/expected values as compared to other world assets, such as gold and not my book you presumptuous lack of imagination dumb twat (sometimes there is a need to exaggerate a tiny wee bit to make the point potentially sink-in).

One easy back of the envelope calculation is to assess all of the monetized assets/currencies in the world and come to a calculation that is close to $1 quadrillion of value (sure Greg Foss came up with $900 Trillion but for practical purposes $1 Quadrillion is close enough especially if we may reasonably recognize and appreciate that new technologies have ways of bringing extra value to the world that had previously been unrecognized or unattainable.. so for example, the refrigerator brought new value to the world that was not previously attainable prior to that refrigerator allowing movement and storage of foods and freed up capital/labor too - same with electricity.. etc. etc. etc.  Bitcoin will continue to do the same kind of increasing the possibilities of value, way beyond what it has already accomplished in its own less than 14 years  of existence).

Continuing with the back of the envelope calculations, if the current world monetized value is $1 quadrillion (meaning all current addressable value for BTC), and gold has a current value/price of approximately $10 trillion, then if bitcoin largely continues to cause the gravitation of other monetized value into it, then the overall calculation is that bitcoin has a addressable market value that it could attain that is 1,000x greater than what gold currently has, and part of the rationale remains Gresham principles including that bitcoin is the strongest of . I did not provide a timeline on such attainment, and surely I consider the first matching (flippening) of gold and even getting 10x to 50x higher than gold will not be that difficult to achieve in terms of time and even battles (volatility) along the way (maybe within this upcoming cycle or the one thereafter, which would be 4-8 years-ish), but the subsequent 50x to 1000x could take 30 to 200 years to attain... So in that regard, it is decently  likely that  it could take 2200 years for the 1,000x to be reflected in the BTC/Gold price.


Get the fuck out of here with that nonsense.  Gold has issues, and we are here to talk about bitcoin.. if you want to put some of your investment/value/time & energies in gold do it.. no problem.. no need to pump that crap here (or to even talk about it or go into  any details about it).. it's off topic..



Fuck off .. you are off topic... and even misstating the tradeoffs.  You cannot even figure out a way to build up and maintain a bitcoin stash and you are pumping some other investments?



I am having trouble appreciating how that is relevant.  focus on bitcoin first.. and if you get enough bitcoin then possible figure out some other assets.  If you already own other assets, then you have to get a stake in bitcoin..   We do not need to get into details about other assets.. not relevant.  Especially in this thread.


Yeah.. it's off topic fuck off.

We have no burden to take any kind of stance about gold here at all.  And, to not want to get into details about gold does not even necessarily lead to the conclusion that any of us is anti-gold.

You are trying to proclaim that you got into details about gold in your prior response in order to show how much you love bitcoin, and to proclaim that you are not wanting to talk about or pump gold, and here you are pumping gold..

Similar thing you did with your other nonsense talking points about being anti-POS and anti_margin trading and anti-bitcoin as a stock thinking and pro-privacy to be built into bitcoin and anti-200 week moving average (but you are not sure so you waffle) and pro-dev tax (or at least coercing/shaming OGs into donating to bitcoin core) and the various other random "lookie at me" topics you bring up in order to derail us from talking about bitcoin while you are proclaiming to be the greatest lover of bitcoin and the one who really knows how to love bitcoin better than any other member in these here parts because you also know about shitcoins and you are the "right kind" of bitcoin maxi.. not the toxic kind that we find in places like the WO and twitter blah blah blah..

in other words:  you have just discovered the WO thread, and you are here to fix it...

By the way.. fuck off also with your juxtaposing of WO and "crypto" twitter, too.

Seems to me that you are continuously bringing up various talking point topics in order to continuously bring up ways that bitcoin is deficient or that it needs some other things that need to be fixed or considered.


Actually.. finally you bring up a good point and even discussed it in a reasonable way.  

For sure it makes little to no sense to even think about diversification of assets (or investment portfolio - which also could be considered as dilution of investment when diversification is done too early) until getting a sufficiently decently sized investment portfolio, and of course, each of us is free to choose at what point in the size of investment portfolio we believe it is practical/prudent/reasonable and even right for our  own situation to start to diversify into various other kinds of assets... and if your whole investment portfolio has been largely depleted then starting out by focusing on bitcoin seems potentially prudent to me.. but "prudence determinations" are also individual choices too in terms of starting out and building and investment portfolio and maybe it does not even matter too much even though it is likely better to pick something that has good chances of at least holding its value.. and having good chances of appreciating would be even better but not really a condition precedent when in those earllest of stages of building up the investment portfolio size.  

In the very earliest of stages of building an investment portfolio, it may not even be a bad thing to be nearly 100% cash.. and then build up the cash level until you reach a certain amount that you believe to be a good place to start to deploy some of that cash into other  areas (and to put to work.. because we know cash is ongoingly going down in value, but you can still build it up while investigating into how to possibly deploy it. .and for sure, here we are talking about bitcoin strategies not other assets or shitcoins)

So, even building up to have $20k or $40k or some reasonable number and then at that point start to invest in other things such as bitcoin... but surely there is no problem to start out with a couple of things such as cash and bitcoin and to build up with a couple of things and then expand as you go to the extent that expanding makes sense or causes better comfort.

I always suggest that there needs to be some plans in place regarding emergency funds, such as 3-6 months to start - but of course, projecting out your cashflow for 24 months can be prudent too, even though there are likely needs to be more confident about the specific levels of what is needed  on the shorter time horizons for bills coming due in 1-3 months and then 3-6 months respectively. Before even getting into investing in bitcoin, there should be a kind of presumption that expenses and emergency funds should be in cash because emergency bills, if they came due would be payable in cash.  These things should be basics that are figure-out-able.


Good for you.


I am a person who shows you a perspective of how allocations into various assets might change over time, and my ballpark overview started at the time that I first came into bitcoin in late 2013 and already having some investments rather than starting out with nothing.  Starting out with nothing surely would have decent chances of changing how I would have possibly approached bitcoin too.  It seems to me that in some sense, from my own perspective, I feel that I was already).

Fuck off with your attempts to denigrate my choices before getting into bitcoin as if you were someone with some kind of a superior knowledge of gold... blah blah blah.. I give little shits.. I providing you with some specific numbers and a kind of graphical depiction of where I was at in late 2013 when I first started to look into bitcoin, started to think about bitcoin and got into bitcoin.. and then you can see various snapshot of ballpark approximation renditions of how those allocations changed as compared with bitcoin ....you fuck..

Oh, and before I forget to remember.. fuck off also with your denigration of my stock investments and any implications that you made regarding how I have seemed to have maintained my stock investments over the years (since I got into bitcoin).  

I think that it is worth pointing out a kind of irony that might NOT be noticable from the snapshot renditions and even from my attempts to describe them, including that some of the details might be a bit off because I recall buying some stuff (like property) during that time and also changing some of my business matters and valuations, but some of those changes are not really captured in the snapshot renditions very well and I probably would need to go through some other records to attempt to capture that a bit better.. but anyhow one of the trends that should be emphasized is that in my first couple of years of getting into bitcoin, I was mostly investing into bitcoin with new cash and not really taking too much if any from other investments - except maybe from cash, and the two BTC price peaks of 2017 and then subsequently 2021 caused changes in the allocation valuations based mostly on the fact that bitcoin outperformed everything else and I really ONLY engaged in minimum reallocations out of bitcoin during peaks and then back into bitcoin during bitcoin corrections.  Other investments shrunk largely because bitcoin was growing so much more relative to those other investments..

In other words, in terms of nominal growth those other investments may have grown something like 75% over nearly 9 years, while bitcoin grew 78x in 2017 (and then shrunk back down in 2018) and then grew another 16x in 2021 (and then shrunk back down presently) but overall bitcoin still ended up growing well over 20x (even when in the current trough/low point) as compared with the 75% over the 9 year period for the various other assets over the same time.  

For a wee bit more background on a story that I have already told but I am a person who in late 2013, came into bitcoin while considering hedging some of my dollar investments, and yes gold/PMs was something that I had considered around that time.   Actually, right before I got into bitcoin, I did make some investments into some paper gold index fund products, and when I was making my chart, I kind of forgot about those investments that I had made, and I am pretty sure that my investment into those gold/paper products lasted for about a year.

As another side note, I recall having some other thoughts about investing in gold at other times in my life, and it seems to me that I had considered getting into Physical gold in 2001-2003 time frame, and I ended up NOT following through based on time considerations and even money considerations because I was already adding various investments around then, and then there are times in which to just let them ride and to build through DCAing, and it was not not working in terms of continuing to build my investment portfolio at that time in various ways..  

It seems that I was in a bit better of a position in late 2013 to reconsider some of my investments including again considering gold-like investments at that time, and surely when I came across bitcoin, I tentatively had considered bitcoin to have potentials as being better than gold, but of course, bitcoin was still pretty new, and at that time, I was still trying to figure out bitcoin and how it might compare with gold.. so my initial investments into bitcoin was a kind of get started and ongoing researching into the matter at the same time.. so initially I ONLY gave myself a 6 month allowance (budget) for buying bitcoin, and to study into the matter and to hopefully figure out ways to improve my knowledge as I go.. so of course, as I continue to study bitcoin, my ideas seem to have gotten more informed and reformed over the past nearly 9 years.... which the learning seems to continue.. but also there are some dynamics in the whole space too. .in regards to investing, how to invest and how to think about investing.. I would think that there are a lot of confused investors in the past couple of years.. and I am not exactly excluding myself from the category of confused in terms of attempting to be open to various ways that I might want to consider if there may well be ways to bolster and buttress where I am at... and even some of the dilemmas that some folks bring to me in terms of getting me involved in discussing their own financial investment situations.. and surely it seems to me that the first question to address is whether thy have any bitcoin.. and I might not even be very interested in terms of getting into any other discussions prior to figuring out if they first got their bitcoin portion/plan in a good place.