This thread has inspired me to buy more MSTY and use the distributions to buy BTCI, QQQI and SPYI. Does MSTY have NAV erosion? Yes, is it super tax disadvantaged in a taxable account? Yes. Does it pay 144% distributions? Yes. I don’t care. I am stacking monthly payments while you folks are happy with Boeing long time coming gains in boring index funds. Do I put money into those too? Yes. The fact is this is a turbulent fked up time with tariffs and tons of financial nonsense. We just put 55% tariffs on Chinese imports. I think we are due for a massive correction. Until then I’m letting it ride. Even then I’ll buy more bitcoin on the cheap.

Anonymous wrote:I've always been deeply opposed to crypto. Last year, cryptocurrency funded every kind of dangerous criminal. I would not touch crypto in a million years. Bitcoin is going to zero. If I was the government I'd close it down. People are losing money to scams and hucksters, flim-flam artists. These people who own these things should not own them. If you put your money in any of those I do think you're an idiot. It's over.

Your entire response is comical. No, it’s not going to 0. Blackrock has a 70 billion bitcoin ETF going. It was the fastest growing etf in history. You know what else criminals use for money? MONEY. It’s all the fking same. Bitcoin has institutional adoption at this point. It’s funny to me you are stuck in this decade old mindset. The future is now.

Anonymous wrote:

Anonymous wrote:I have around 1% of my net worth in bitcoin. I think it’s a reasonable to assume it will continue to increase in value. There is limited supply (they can’t create more than was initially created) and there is increasing demand from institutions. It’s an asset like any other and if demand is greater than supply the value will go up. Other crypto is not the same.

It's not "like any other"
It's a completely speculative bubble asset except as a liquidity provider for illegal activity.

And it’s a 3.4 trillion inflation profit novel asset class. Stodgy investors need not apply.

I've always been deeply opposed to crypto. Last year, cryptocurrency funded every kind of dangerous criminal. I would not touch crypto in a million years. Bitcoin is going to zero. If I was the government I'd close it down. People are losing money to scams and hucksters, flim-flam artists. These people who own these things should not own them. If you put your money in any of those I do think you're an idiot. It's over.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I have around 1% of my net worth in bitcoin. I think it’s a reasonable to assume it will continue to increase in value. There is limited supply (they can’t create more than was initially created) and there is increasing demand from institutions. It’s an asset like any other and if demand is greater than supply the value will go up. Other crypto is not the same.

It's not "like any other"
It's a completely speculative bubble asset except as a liquidity provider for illegal activity.

People have been saying that for over 15 years now and I'd have agreed with you for a long time. But now I suspect it's here to stay. The comparison with gold is a good one. Why is gold, a useless metal, so valuable? Only because humans made it valuable. Same with bitcoins.

Still don't have any crypto but am thinking the next time it crashes, which it inevitably will, I'll put a small amount in it and let it ride.

Gold is actually a useful metal, unlike Bitcoin whose very existence is destructive to the world by its essential design (Proof of Work / Proof of Waste).

Gold's price may be inflated by its use as a store of value, but that's different.

The problem with Bitcoin as a real store of value is thar it is only safe when it isn't being touched. Whenever it actually is used for anything it is much easier to rob a Bitcon "bank" or "armored truck" than areal physical bank or money truck. The modern "safe" "Bitcoin" investment vehicles aren't Bitcoin at all. They are goofy financial derivatives products that write contracts to try to march the published trade price of Bitcoin, like Lehman Brothers in 2008.

How much energy is wasted (and additional environmental damage created) mining shiny yellow metal to mold into bricks/coins to be stuck in central bank vaults? How much energy does America's p*rn consumption waste? video gaming? brain cell destroying Netflix shows? It's myopic to view bitcoin as "wasting" energy when it's providing a revolutionary store of value for the digital age.

Bitcoin is the future. Every knee will bend.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I have around 1% of my net worth in bitcoin. I think it’s a reasonable to assume it will continue to increase in value. There is limited supply (they can’t create more than was initially created) and there is increasing demand from institutions. It’s an asset like any other and if demand is greater than supply the value will go up. Other crypto is not the same.

It's not "like any other"
It's a completely speculative bubble asset except as a liquidity provider for illegal activity.

People have been saying that for over 15 years now and I'd have agreed with you for a long time. But now I suspect it's here to stay. The comparison with gold is a good one. Why is gold, a useless metal, so valuable? Only because humans made it valuable. Same with bitcoins.

Still don't have any crypto but am thinking the next time it crashes, which it inevitably will, I'll put a small amount in it and let it ride.

Gold is actually a useful metal, unlike Bitcoin whose very existence is destructive to the world by its essential design (Proof of Work / Proof of Waste).

Gold's price may be inflated by its use as a store of value, but that's different.

The problem with Bitcoin as a real store of value is thar it is only safe when it isn't being touched. Whenever it actually is used for anything it is much easier to rob a Bitcon "bank" or "armored truck" than areal physical bank or money truck. The modern "safe" "Bitcoin" investment vehicles aren't Bitcoin at all. They are goofy financial derivatives products that write contracts to try to march the published trade price of Bitcoin, like Lehman Brothers in 2008.

Anonymous wrote:

Anonymous wrote:I have around 1% of my net worth in bitcoin. I think it’s a reasonable to assume it will continue to increase in value. There is limited supply (they can’t create more than was initially created) and there is increasing demand from institutions. It’s an asset like any other and if demand is greater than supply the value will go up. Other crypto is not the same.

It's not "like any other"
It's a completely speculative bubble asset except as a liquidity provider for illegal activity.

People have been saying that for over 15 years now and I'd have agreed with you for a long time. But now I suspect it's here to stay. The comparison with gold is a good one. Why is gold, a useless metal, so valuable? Only because humans made it valuable. Same with bitcoins.

Still don't have any crypto but am thinking the next time it crashes, which it inevitably will, I'll put a small amount in it and let it ride.

Anonymous wrote:I have around 1% of my net worth in bitcoin. I think it’s a reasonable to assume it will continue to increase in value. There is limited supply (they can’t create more than was initially created) and there is increasing demand from institutions. It’s an asset like any other and if demand is greater than supply the value will go up. Other crypto is not the same.

It's not "like any other"
It's a completely speculative bubble asset except as a liquidity provider for illegal activity.

I have around 1% of my net worth in bitcoin. I think it’s a reasonable to assume it will continue to increase in value. There is limited supply (they can’t create more than was initially created) and there is increasing demand from institutions. It’s an asset like any other and if demand is greater than supply the value will go up. Other crypto is not the same.

No. Zero.

Crypto relief on the greater fool theory.

Invest in bitcoin money that you can't afford to lose.

You can buy ETFs like IBIT and hodl. Or you can get covered call income funds like MSTY. I only buy Bitcoin related stuff. Any alt coins, even ether and Solana, are too speculative for me. Also, I give zero fks what other people here think. They’re busy investing like it’s 1989. Stocks have their place. And bonds. But 5% invested in Bitcoin is a good bet. Even during a down period. This isn’t going away.

Anonymous wrote:Many replies in this thread are ignorant. Major asset managers like Paul Tudor Jones and Ray Dalio have publicly said that they hold a small amount of crypto (with Jones saying in May 2020 he had put 1-2% of his portfolio into crypto). The market cap of gold is almost $13 trillion. The market cap of bitcoin is $730 billion. Bitcoin should continue to cannibalize the market cap of gold as boomers get older and pass their wealth on to computer literate generations who prefer a fixed supply cryptographic currency secured by the most powerful computer network in the world, not a shiny yellow hunk of metal.

Ignorance, now that is funny. BTW every time I see Paul Tudor Jones on CNBC or other media he is always talking up his book without fully disclosing it. If you haven't already figured it out, he is more of the classic pump and dumper type investor. He doesn't believe in what he is pumping, just trying to make a buck. GL following those clowns. Hint follow Leon Cooperman and Ken Langone, they are straight shooters.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:No. Have you not learned anything from FTX and Sam Bankman Fried?

I bet you don’t buy stocks because of Elizabeth Holmes either

What a comeback, she never even got an IPO to issue stock. That’s why WeWork fell apart, when they went to IPO everyone in the market saw the nonsense because of regulatory filings and said “no thanks”.

I can see how a stock is earning money, what assets the company has, and liabilities. Yes I can track things on the blockchain, but the value of bitcoin in terms of fiat currency — completely arbitrary and no insight into how it generates wealth since no profits or revenue — just hope for a greater fool.

Wow i think you just proved on DCUM that no one has ever been defrauded in trad equities markets but all crypto currencies are scams, great job