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Will SPAC/Cryptocurrency be the top/bubble in retrospect when we look back?
Comments
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D
The Fed printing money is exactly why Bitcoin is so valuable. It's an improved version of gold, which is why it's been eating gold's share of the store of value market and why gold is down since August despite the extreme monetary policy that should be great for gold's USD price. Most other cryptos are bullshit though.PurpleThrobber said:
Not entirely true.godawgst said:
SPAC's can only make money if they buy small tiny companies and take them public whether there is any business there or not.GreenRiverGatorz said:No. Why do you think SPACs and crypto are the markers of a peak bubble?
The multiple digital currencies all screaming higher and higher w/ no real fundamentals and the chasing of their daily prices (which to me look like the greater fool theory).
Every bubble I have seen at least in my lifetime have looked very similar to what I am seeing above with asset classes.
SPACs are traded just like many other securities - can buy just the shares, units (which include the stock and warrants) or just the warrants in a lot of cases. One can 'make money' prior to a deal - there is a market to trade. The BIG money to be made is if/when a deal is totally complete but one can make money on the day-to-day action.
I got in on THCB and THCBU a while back. Not ground floor but definitely prior to the Microvast deal being announced. By posting that, the deal is now destined to derail and I"ll lose all my money.....
https://investorplace.com/2021/02/thcb-stock-tuscan-holdings-shares-surge-on-microvast-spac-merger-news/
I do agree, the cryptos are screaming for a correction. Dogecoin was created as a joke and now it's the off-brand to bitcoin. Was on a call yesterday with a noted contrarian and he is calling bullshit on the fed printing money and the perception of crypto as the wave of the future. He's all in on hard assets as the safe haven. -
I'll wait to hear from @RuffaloSoldierBuffBuffPass said:D
The Fed printing money is exactly why Bitcoin is so valuable. It's an improved version of gold, which is why it's been eating gold's share of the store of value market and why gold is down since August despite the extreme monetary policy that should be great for gold's USD price. Most other cryptos are bullshit though.PurpleThrobber said:
Not entirely true.godawgst said:
SPAC's can only make money if they buy small tiny companies and take them public whether there is any business there or not.GreenRiverGatorz said:No. Why do you think SPACs and crypto are the markers of a peak bubble?
The multiple digital currencies all screaming higher and higher w/ no real fundamentals and the chasing of their daily prices (which to me look like the greater fool theory).
Every bubble I have seen at least in my lifetime have looked very similar to what I am seeing above with asset classes.
SPACs are traded just like many other securities - can buy just the shares, units (which include the stock and warrants) or just the warrants in a lot of cases. One can 'make money' prior to a deal - there is a market to trade. The BIG money to be made is if/when a deal is totally complete but one can make money on the day-to-day action.
I got in on THCB and THCBU a while back. Not ground floor but definitely prior to the Microvast deal being announced. By posting that, the deal is now destined to derail and I"ll lose all my money.....
https://investorplace.com/2021/02/thcb-stock-tuscan-holdings-shares-surge-on-microvast-spac-merger-news/
I do agree, the cryptos are screaming for a correction. Dogecoin was created as a joke and now it's the off-brand to bitcoin. Was on a call yesterday with a noted contrarian and he is calling bullshit on the fed printing money and the perception of crypto as the wave of the future. He's all in on hard assets as the safe haven. -
@RuffaloSoldierRaceBannon said:
I'll wait to hear from @RuffaloSoldierBuffBuffPass said:D
The Fed printing money is exactly why Bitcoin is so valuable. It's an improved version of gold, which is why it's been eating gold's share of the store of value market and why gold is down since August despite the extreme monetary policy that should be great for gold's USD price. Most other cryptos are bullshit though.PurpleThrobber said:
Not entirely true.godawgst said:
SPAC's can only make money if they buy small tiny companies and take them public whether there is any business there or not.GreenRiverGatorz said:No. Why do you think SPACs and crypto are the markers of a peak bubble?
The multiple digital currencies all screaming higher and higher w/ no real fundamentals and the chasing of their daily prices (which to me look like the greater fool theory).
Every bubble I have seen at least in my lifetime have looked very similar to what I am seeing above with asset classes.
SPACs are traded just like many other securities - can buy just the shares, units (which include the stock and warrants) or just the warrants in a lot of cases. One can 'make money' prior to a deal - there is a market to trade. The BIG money to be made is if/when a deal is totally complete but one can make money on the day-to-day action.
I got in on THCB and THCBU a while back. Not ground floor but definitely prior to the Microvast deal being announced. By posting that, the deal is now destined to derail and I"ll lose all my money.....
https://investorplace.com/2021/02/thcb-stock-tuscan-holdings-shares-surge-on-microvast-spac-merger-news/
I do agree, the cryptos are screaming for a correction. Dogecoin was created as a joke and now it's the off-brand to bitcoin. Was on a call yesterday with a noted contrarian and he is calling bullshit on the fed printing money and the perception of crypto as the wave of the future. He's all in on hard assets as the safe haven.
@PurpleBaze
@Swaye
@YellowSnow
@Malarkey -
Yes and no. Bitcoin probably is a better mechanism than gold - but the historic certainty of gold is worth something. Also, from a purely functional standpoint, if the world went to hell in a handbasket, how fungible is crypto?BuffBuffPass said:D
The Fed printing money is exactly why Bitcoin is so valuable. It's an improved version of gold, which is why it's been eating gold's share of the store of value market and why gold is down since August despite the extreme monetary policy that should be great for gold's USD price. Most other cryptos are bullshit though.PurpleThrobber said:
Not entirely true.godawgst said:
SPAC's can only make money if they buy small tiny companies and take them public whether there is any business there or not.GreenRiverGatorz said:No. Why do you think SPACs and crypto are the markers of a peak bubble?
The multiple digital currencies all screaming higher and higher w/ no real fundamentals and the chasing of their daily prices (which to me look like the greater fool theory).
Every bubble I have seen at least in my lifetime have looked very similar to what I am seeing above with asset classes.
SPACs are traded just like many other securities - can buy just the shares, units (which include the stock and warrants) or just the warrants in a lot of cases. One can 'make money' prior to a deal - there is a market to trade. The BIG money to be made is if/when a deal is totally complete but one can make money on the day-to-day action.
I got in on THCB and THCBU a while back. Not ground floor but definitely prior to the Microvast deal being announced. By posting that, the deal is now destined to derail and I"ll lose all my money.....
https://investorplace.com/2021/02/thcb-stock-tuscan-holdings-shares-surge-on-microvast-spac-merger-news/
I do agree, the cryptos are screaming for a correction. Dogecoin was created as a joke and now it's the off-brand to bitcoin. Was on a call yesterday with a noted contrarian and he is calling bullshit on the fed printing money and the perception of crypto as the wave of the future. He's all in on hard assets as the safe haven.
I think there's a happy medium between the two -one is a historic hedge against inflation/market forces and the other has somewhat speculative features and upside potential.
Gold has been relatively constant the last couple months. I think that's the market magician's playing their bankster games. They held the price of gold down for years with their paper shenanigans - there truly is a massive shortage of physical gold if the reddit bros ever turn their sights on that one. Which is why I think they semi-fucked with silver as a practice run.
I'm in relatively close contact with two renowned gold bugs - one of whom has the technicals wired, the other a noted contrarian who relies on some common sense and being a codger. Both are convinced gold will hit 3,000 and then to the moon until about 10K per oz.
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The key to Gold and Silver is physical delivery.
Not an allocation Certificate “Proving ownership” but actual shiny shit in your grubby little paw. Even SLV changed their prospectus(which tru gold bugs preached was going to happen) when they were having trouble securing physical metal to satisfy the rash of new buyers like @PurpleThrobber -
doogie said:
The key to Gold and Silver is physical delivery.
Not an allocation Certificate “Proving ownership” but actual shiny shit in your grubby little paw. Even SLV changed their prospectus(which tru gold bugs preached was going to happen) when they were having trouble securing physical metal to satisfy the rash of new buyers like @PurpleThrobber
New buyers?!?! The Throbber has to chase people off the GNR Compound all the time trying to find his stash.
My man Tyler Durden at Zerohedge has had a couple of articles about SLV/reddit bros. Physical silver can't get no satisfaction. No, no, no....
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Yep, I absolutely agree that gold's established history is valuable and is why I said Bitcoin is an improved version of gold rather than a better version at this point in time. Gold is better in a number of categories: history (by a lot), fungibility and durability. As time goes on Bitcoin will lessen the history advantage and continue to prove its durability while the code could be updated to improve fungibility, although it's hard to imagine it becoming more fungible than gold. Bitcoin is better at portability (by a lot), scarcity, divisibility and censorship resistance (by a lot). Those categories are all important attributes of a store of value but to what extent each is important depends on the situation.PurpleThrobber said:
Yes and no. Bitcoin probably is a better mechanism than gold - but the historic certainty of gold is worth something. Also, from a purely functional standpoint, if the world went to hell in a handbasket, how fungible is crypto?BuffBuffPass said:D
The Fed printing money is exactly why Bitcoin is so valuable. It's an improved version of gold, which is why it's been eating gold's share of the store of value market and why gold is down since August despite the extreme monetary policy that should be great for gold's USD price. Most other cryptos are bullshit though.PurpleThrobber said:
Not entirely true.godawgst said:
SPAC's can only make money if they buy small tiny companies and take them public whether there is any business there or not.GreenRiverGatorz said:No. Why do you think SPACs and crypto are the markers of a peak bubble?
The multiple digital currencies all screaming higher and higher w/ no real fundamentals and the chasing of their daily prices (which to me look like the greater fool theory).
Every bubble I have seen at least in my lifetime have looked very similar to what I am seeing above with asset classes.
SPACs are traded just like many other securities - can buy just the shares, units (which include the stock and warrants) or just the warrants in a lot of cases. One can 'make money' prior to a deal - there is a market to trade. The BIG money to be made is if/when a deal is totally complete but one can make money on the day-to-day action.
I got in on THCB and THCBU a while back. Not ground floor but definitely prior to the Microvast deal being announced. By posting that, the deal is now destined to derail and I"ll lose all my money.....
https://investorplace.com/2021/02/thcb-stock-tuscan-holdings-shares-surge-on-microvast-spac-merger-news/
I do agree, the cryptos are screaming for a correction. Dogecoin was created as a joke and now it's the off-brand to bitcoin. Was on a call yesterday with a noted contrarian and he is calling bullshit on the fed printing money and the perception of crypto as the wave of the future. He's all in on hard assets as the safe haven.
I think there's a happy medium between the two -one is a historic hedge against inflation/market forces and the other has somewhat speculative features and upside potential.
Gold has been relatively constant the last couple months. I think that's the market magician's playing their bankster games. They held the price of gold down for years with their paper shenanigans - there truly is a massive shortage of physical gold if the reddit bros ever turn their sights on that one. Which is why I think they semi-fucked with silver as a practice run.
I'm in relatively close contact with two renowned gold bugs - one of whom has the technicals wired, the other a noted contrarian who relies on some common sense and being a codger. Both are convinced gold will hit 3,000 and then to the moon until about 10K per oz.
While it's true that if the world goes to hell in a handbasket that Bitcoin could be interrupted (less likely as we get things like Starlink or other space-internet solutions), it's probably better than gold in most situations. Portability and censorship resistance are really important in those situations.
Long term I definitely agree that there is a happy medium between the two, and I'll hold gold eventually but for now BTC is the play for me until it eats quite a bit more of the store of value market. -
Physical delivery/self custody is another advantage of BTC.doogie said:The key to Gold and Silver is physical delivery.
Not an allocation Certificate “Proving ownership” but actual shiny shit in your grubby little paw. Even SLV changed their prospectus(which tru gold bugs preached was going to happen) when they were having trouble securing physical metal to satisfy the rash of new buyers like @PurpleThrobber -
I looked at a prospectus last year on a combo Bitcoin/Gold play. Concept was to own producing gold mines and hedge the production with crypto - or vice versa.BuffBuffPass said:
Yep, I absolutely agree that gold's established history is valuable and is why I said Bitcoin is an improved version of gold rather than a better version at this point in time. Gold is better in a number of categories: history (by a lot), fungibility and durability. As time goes on Bitcoin will lessen the history advantage and continue to prove its durability while the code could be updated to improve fungibility, although it's hard to imagine it becoming more fungible than gold. Bitcoin is better at portability (by a lot), scarcity, divisibility and censorship resistance (by a lot). Those categories are all important attributes of a store of value but to what extent each is important depends on the situation.PurpleThrobber said:
Yes and no. Bitcoin probably is a better mechanism than gold - but the historic certainty of gold is worth something. Also, from a purely functional standpoint, if the world went to hell in a handbasket, how fungible is crypto?BuffBuffPass said:D
The Fed printing money is exactly why Bitcoin is so valuable. It's an improved version of gold, which is why it's been eating gold's share of the store of value market and why gold is down since August despite the extreme monetary policy that should be great for gold's USD price. Most other cryptos are bullshit though.PurpleThrobber said:
Not entirely true.godawgst said:
SPAC's can only make money if they buy small tiny companies and take them public whether there is any business there or not.GreenRiverGatorz said:No. Why do you think SPACs and crypto are the markers of a peak bubble?
The multiple digital currencies all screaming higher and higher w/ no real fundamentals and the chasing of their daily prices (which to me look like the greater fool theory).
Every bubble I have seen at least in my lifetime have looked very similar to what I am seeing above with asset classes.
SPACs are traded just like many other securities - can buy just the shares, units (which include the stock and warrants) or just the warrants in a lot of cases. One can 'make money' prior to a deal - there is a market to trade. The BIG money to be made is if/when a deal is totally complete but one can make money on the day-to-day action.
I got in on THCB and THCBU a while back. Not ground floor but definitely prior to the Microvast deal being announced. By posting that, the deal is now destined to derail and I"ll lose all my money.....
https://investorplace.com/2021/02/thcb-stock-tuscan-holdings-shares-surge-on-microvast-spac-merger-news/
I do agree, the cryptos are screaming for a correction. Dogecoin was created as a joke and now it's the off-brand to bitcoin. Was on a call yesterday with a noted contrarian and he is calling bullshit on the fed printing money and the perception of crypto as the wave of the future. He's all in on hard assets as the safe haven.
I think there's a happy medium between the two -one is a historic hedge against inflation/market forces and the other has somewhat speculative features and upside potential.
Gold has been relatively constant the last couple months. I think that's the market magician's playing their bankster games. They held the price of gold down for years with their paper shenanigans - there truly is a massive shortage of physical gold if the reddit bros ever turn their sights on that one. Which is why I think they semi-fucked with silver as a practice run.
I'm in relatively close contact with two renowned gold bugs - one of whom has the technicals wired, the other a noted contrarian who relies on some common sense and being a codger. Both are convinced gold will hit 3,000 and then to the moon until about 10K per oz.
While it's true that if the world goes to hell in a handbasket that Bitcoin could be interrupted (less likely as we get things like Starlink or other space-internet solutions), it's probably better than gold in most situations. Portability and censorship resistance are really important in those situations.
Long term I definitely agree that there is a happy medium between the two, and I'll hold gold eventually but for now BTC is the play for me until it eats quite a bit more of the store of value market.
Need to dust that thing off and see if it makes more sense in whacky times than it did then.
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Doesn’t gold win really on scarcity? Talk me into the guaranteed Bitcoin scarcity.
