wachtwoord

It's arrogance if one significantly overestimated one's one ability or abilities. My abilities were not even up for discussion. I was mainly pointing out he was being far far too soft on himself and that by doing so he would never fix that particular shortcoming. It was meant to be nice but ignore the advice if you want to. Won't change my life I'll go back to mostly reading. I consider this topic a very interesting data point (well above average investors, among the more successful in society, higher educated in general, dealing with something that if succesful upsets the status quo and is rejected by the status quo for that reason).

All extremely extremely capped. Completely and utterly incomparable.

If one assumed in 2012 that failure was by far the most likely outcome (even >99% sure) it was STILL the wrong investment choice to walk away given the enormous potential gain. Only if failure was a nigh certainty walking away would have been the right choice. Of course that didn't mean throwing your net worth into it at the time ... I'd advise stronger self-reflection and to be honest with yourself rather than continue to seek excuses. It's the only way to self-improvement.

Would have worked fine. Yeah if you're going to give third parties uncollatoralized free loans on you don't you think it's you being the idiot? Hard to find? It's been the since 2012! And there hasn't been that much noise for the longest time (also I shared it here more than once: simplicity is key). It's just that most "educated" people didn't want to even look into this at all for forever since the arguments from those in their social class were negative. It's the same idiots that blindly took unneeded covid shots, believe thing like that Russia is the party to blame in the current war, man made climate change is proven, there's more than 2 human genders, BLM isnt racist etc etc. If you're going to believe people based on their social standing rather than the strength of their arguments and the accuracy of their words, you are going to have a bad time ... This societal problem is far from over. It's getting worse and worse (eg academia has nearly totally gone to shit now).

Not really. This very straightforward post from 2012 summarizes all you really need to know in easy to follow language: https://medium.com/lux-initiative/bitcoin-the-libertarian-introduction-c616edd8496c Do you consider reading that studying? Come on, there really isn't any excuse. Buffet has been really disappointing in his old age. Not because of his opinion in itself, but for stating his opinion publically on something he clearly doesn't understand (if he did understand it's bad too as then he'd have publically and purposefully lied to vulnerable people).

1. Bankman-Fried isnt on the other side. He was a scammer peddling scamcoins, NOT Bitcoin. 2. If you base your point of view in life on who says something rather than what they say you fully deserve any and all consequences/outcomes.

And this gets shared on one of the best public investment forums. Shows how early it really is (maybe not measured in time, but measured in saturation of understanding it's really low).

He doesnt mean religion of course. He's just pointing out that him running a node ike this doesnt provide him objective value > cost and effort to do so. He means his motivation is largely moral in nature (contributing to something he subjectively values as good, hence his use of "religion").

That's been true for many years though

So why own Ethereum? (Not trying to put you on the spot. You seem to understand matters but still choose to own it. Your reasoning could be interesting).

I shared this here early 2018 and the approach is still true today imo: https://s3.eu-west-2.amazonaws.com/john-pfeffer/An+Investor's+Take+on+Cryptoassets+v6.pdf

Thanks for actually reading I guess I should have guessed it from the "Canadian equities" item. Seemed too fast too as you said in your earlier comment.

Love it's in the portfolio they label conservative. It's branded as inherently risky in most people's heads way too much. But that risk (volatility based) is just one of the aspects of risk, while for some other aspects it's just about the least risky thing in the world. Diversifying across "risk classes" is yet another form of diversification (downwards protection) so the allocation seems very reasonable to this type of portfolio even to those agnostic on Bitcoin.

Appearently US bankrupcy law (?!). Everything is valued in US Dollars at the petition date and that is what debtors get to claim and not a penny more. Celcius is the same. They may pay out in part in Bitcoin and Ethereum (and equity in some crazy "mining corp" that also retains a bunch of equity in Ethereum to "stake", utter nonsense as debtors are forced into an investment ran by incompentents) but everything is valued by the the Dollorized value at petition rate. That's why the recovery rates look so good (the only ones winning are the law firms that got to handle the bankrupcy, but I reckon that's nearly always the case). PS: the Celcius CEO is also such an obvious scammer you can smell from a mile away.

Lol, be sure to read the fine print of what in full means: it's just in full for the dollarized claim value at petition date. Not that hard when the underlying remaining assets go up like crazy (priced in dollars) after that date. Outside the world of lawyers everyone involved outside of the bankruptcy lawyers got majorly shafted. (But then again: who in their right mind would use such a scummy exchange?)