We've got a wild 3 weeks coming up as the SEC has two major rulings on bitcoin spot ETF's and the greater market thrashes like a hippo in a mud bath as the quarter and 1st half of the year close. I'm comforted though, that Cathy Wood is expecting 50% compounded annual rate of return over the next 5 years (from CNBC and dripping with sarcasm here). Much better than my old account with Madoff Securities. Can't we get a better modern active manager than this?
I agree with this sentiment though I'll point out that macro bears like Quoth the Raven rarely seem to exhibit the humility to approach the topic of Bitcoin with an open mind and the possibility that they are wrong about it. Instead I see headlines dripping with hubris like "Crypto clowns cope..."
MSTR is going to be fine. Maschinsky has been playing extremely fast and loose with risk management and Celcius likely won't be. Time hasn't stopped in the current moment and the door isn't closed on bitcoin. I have the humility to admit I could be wrong, though I suspect I'm not. Give it four years and we'll see...
Perhaps you're a big fan of ZH because you contribute once in a while, but isn't it telling how ZH kept quiet throughout the entire weekend about cryptos collapsing? No screaming headlines, no 'sticky' topics...NOTHING! Crickets!
Saylor pump and dump youtubexraviganza has been turned up to 11 I see.
Reading the comments to them it is obvious that many have not lost the faith. Probably when they are underwater and screaming out air bubbles they will still be buyers.
We all have things we cling to I guess, even if they take us into the cold black depths.
We've got a wild 3 weeks coming up as the SEC has two major rulings on bitcoin spot ETF's and the greater market thrashes like a hippo in a mud bath as the quarter and 1st half of the year close. I'm comforted though, that Cathy Wood is expecting 50% compounded annual rate of return over the next 5 years (from CNBC and dripping with sarcasm here). Much better than my old account with Madoff Securities. Can't we get a better modern active manager than this?
Hubris is deadly. Stay humble.
I agree with this sentiment though I'll point out that macro bears like Quoth the Raven rarely seem to exhibit the humility to approach the topic of Bitcoin with an open mind and the possibility that they are wrong about it. Instead I see headlines dripping with hubris like "Crypto clowns cope..."
MSTR is going to be fine. Maschinsky has been playing extremely fast and loose with risk management and Celcius likely won't be. Time hasn't stopped in the current moment and the door isn't closed on bitcoin. I have the humility to admit I could be wrong, though I suspect I'm not. Give it four years and we'll see...
Great show again, totally agree about MSTR.
I C what you did there.
Schadenfreude in spades.
"Crash Continues." It's way to soon to call it, but BTC stopped crashing two days before this article was published.
Perhaps you're a big fan of ZH because you contribute once in a while, but isn't it telling how ZH kept quiet throughout the entire weekend about cryptos collapsing? No screaming headlines, no 'sticky' topics...NOTHING! Crickets!
Saylor pump and dump youtubexraviganza has been turned up to 11 I see.
Reading the comments to them it is obvious that many have not lost the faith. Probably when they are underwater and screaming out air bubbles they will still be buyers.
We all have things we cling to I guess, even if they take us into the cold black depths.
Human nature eh......
Anybody else not seeing in Spotify? I saved it this episode in the morning and it's not on the app anymore.
I don't see it in Spotify either... Had to go to the podbean link to listen.