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Crypto currency (IF banned from CA)

DuuuncanHadaPigeon said:
Yes the best performing asset of all time is a scam.
Click to expand...

I was very sceptical before we invested. However I did my research and we discussed it

This was back before COVID.

I think we are looking currently at a yield of 500% on our initial input. But we are long term investors. It's part of a larger strategy.

It is a legitimate long term investment now as a means to mitigate risks and currency and business fluctuations. So you always now diversify by having a minority % of your investments in reputable cryptocurrency. Stored securely and/or best practice.

There was also tax efficency to doing it.

We're not day trading etc. It's long term
 

Damo_1878 said:
I was very sceptical before we invested. However I did my research and we discussed it

This was back before COVID.

I think we are looking currently at a yield of 500% on our initial input. But we are long term investors. It's part of a larger strategy.

It is a legitimate long term investment now as a means to mitigate risks and currency and business fluctuations. So you always now diversify by having a minority % of your investments in reputable cryptocurrency. Stored securely and/or best practice.

There was also tax efficency to doing it.

We're not day trading etc. It's long term
Click to expand...
Can you get me a job in your place Damo.

I have an NVQ in business admin.
 
Goat said:
Glad we can agree.


Their performance numbers are based on that fact that 15 years ago, before anyone but the people who created it had heard of it, Bitcoin was “worth” something close to zero. Which is great if you were Satoshi or have a Time Machine.

When Apple was just two guys in a garage, it was worth close to zero. Now it’s a nearly 3 trillion dollar company. However, you couldn’t have bought AAPL stock when it was two guys in a garage, but you couldn’t buy bitcoin when it first started either.

The other HUGE difference is that Apple has paid something like $100 billion in dividends over time. That’s money you get without selling shares, because Apple actually makes products people use.

But anyone flashing the “best returning asset of all time” is so far into delusional territory, none of this is going to matter. They all bought in 2021/22 and are desperately pumping their bags, hoping for a break even exit.
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I don't get what point you are making here? I said this a long time ago in this thread, the best time to buy say apple or bitcoin was when the liquidity was at it's lowest and the ownership of the shares/coins was owned by one person. That is quite obvious.

It's not delusional, I see these type of arguments all the time 'well the only profit from bitcoin comes from new people buying the coins from older investors therefore it must be a ponzi!' - that is the same for any other asset class in the world, regardless if they make a phone at the end of it or not.

99% of price appreciation in stocks, houses, gold etc etc come from speculation, a new guy buying the shares from an earlier investor. the other 1% comes from stock buy backs and dividends.
 

DuuuncanHadaPigeon said:
Nice, that's the way to do it 👍
Click to expand...

Its mainstream investing now. As illustrated below. But we would never put everything into it. Its all part of a wider portfolio

We are not looking to jump in or jump out. Or are not too worried by fluctuations. Since it is a long term investment.


Sui Chung, CEO of CF Benchmarks, which is providing the index for six of the ETF, said he knew of some registered investment advisors and other big institutions that were buying into the ETFs, although he declined to name them.
"For institutions, bitcoin’s core appeal is the diversification potential it offers," he added.
Wealth manager Gerber Kawasaki has invested in BlackRock's spot bitcoin ETF via its AdvisorShares ETF (GK.P), opens new tab, crypto outlet The Block reported, opens new tab last month. Such investors are typically less price sensitive, Bitfinex analysts wrote.
"Any decline following the top of the current cycle could be less drastic than previous downturns. We saw a similar stable trajectory in price after a huge increase following the launch of gold ETFs," they added.
Click to expand...
 
Damo_1878 said:
I have a company board meeting on Friday night. We'll probably discuss it there during our meal.
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If you have it set up through your company you should look into Shamir secret sharing as a way to protect your seed words (private key) - means if the director you mentioned accidentally loses the private key you are still protected. You can DM if you want to know more.
 
Damo_1878 said:
Its mainstream investing now. As illustrated below. But we would never put everything into it. Its all part of a wider portfolio

We are not looking to jump in or jump out. Or are too worried by fluctuations. Since it is a long term investment.

Click to expand...
Ye, BTC is already at the top of it's S curve (hence the institutions are coming in), so all of the crazy gains are all but gone but you can still easily beat inflation and beat an S&P tracker
 

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