Recent content by Arden

  1. Arden

    Bitcoins/Litecoins/Virtual Currencies

    Yeah I looked in to inverse Cramer. It didn't fail because Cramer was good. It failed because Cramer makes tons of quick, TV-friendly calls that aren’t meant to be traded mechanically, so trying to short everything he mentions just created a messy, high-turnover portfolio that bled costs. On...
  2. Arden

    Bitcoins/Litecoins/Virtual Currencies

    Sure, but the guy does exist, and he is wrong most of the time, and yet he remains a supposedly credible financial source. Those are the things that boggle my mind.
  3. Arden

    Bitcoins/Litecoins/Virtual Currencies

    Yeah, I have kind of a similar theory. I think manipulating low-info investor sentiment on behalf of whales has been his true purpose for quite a while now. I'm sure he is handsomely compensated too. So in that way, "the institution" doesn't want to see him go. And he's been such a...
  4. Arden

    Bitcoins/Litecoins/Virtual Currencies

    Difficult to understand how he carries any credibility whatsoever. I realize he used to be a sharp market analyst but he's been so bad for so long at this point.
  5. Arden

    Bitcoins/Litecoins/Virtual Currencies

    Was going to mention this but didn't want to go on excessively. Zero need to argue the philosophical points about whether BTC is a good store of value or not- you can just let the numbers do the talking. Since Bitcoin's launch, the dollar has LOST about 33% of its purchasing power. Since its...
  6. Arden

    Investing General Discussion

    Could be wrong, but my understanding is that the disparity is at least partially due to the fact that BTC’s 200DMA uses crypto exchange data, updated every day (including weekends), while IBIT’s 200DMA uses market close prices (Mon–Fri only). So IBIT's is “sparser” and often lags BTC’s...
  7. Arden

    Bitcoins/Litecoins/Virtual Currencies

    Yeah, not a personal attack on you @Kirun but the strawman analogy is pretty apt. That's what brought me into this discussion in the first place from the main Investment thread. At this point it feels like you’re arguing against a version of the Bitcoin thesis that no one here is actually...
  8. Arden

    Bitcoins/Litecoins/Virtual Currencies

    You’re right that governments use inflation, surveillance, and capital controls as policy tools, that’s exactly why Bitcoin has value in the first place. People hedge against tools they expect will continue, not tools they think will end. You can absolutely make BTC inconvenient, but you can’t...
  9. Arden

    Bitcoins/Litecoins/Virtual Currencies

    This is a great argument if the world has two settings: 1. Everything stays exactly the same forever, or 2. The U.S. suffers a total system-wide collapse where the entire internet and payment rails are taken offline. But those aren’t the scenarios most Bitcoin holders are talking about. The...
  10. Arden

    Investing General Discussion

    The 200-day moving averages are based on different data sets?
  11. Arden

    Bitcoins/Litecoins/Virtual Currencies

    Yeah, but the thing is, Bitcoin Cash isn't Bitcoin. It's not any more bitcoin than, say, Ethereum is. Since 2017, it’s been a separate blockchain with its own rules, miners, nodes, and ledger. I get why you would want to use something other than Bitcoin for every day monetary transactions...
  12. Arden

    Investing General Discussion

    https://visitpago.com/legend-of-the-lost-gold-of-dents-run/ The find would be worth about 175 million at today's prices.
  13. Arden

    Bitcoins/Litecoins/Virtual Currencies

    Just giving you a hard time. Besides, I'm just happy we got you to acknowledge that BTC is a superior store of value. Frankly, that's as far as I'm willing to go myself. I've said on here many times I'm not sure that BTC is ever going to be "everyday money"- but I don't think it needs to be...
  14. Arden

    Bitcoins/Litecoins/Virtual Currencies

    Tell chat gpt to make its answers more concise 😄
  15. Arden

    Bitcoins/Litecoins/Virtual Currencies

    So funny, you're practically quoting Lyn Alden's broken money theory here. You just haven't made the last step to understanding why (based on what you yourself have said) btc is a superior store of value. To be fair it take some really smart people a long time to come around, but almost...