Best of luck

"What happens when Bitcoin could experience another deep tumble and people would then be very frustrated to put the money there?" - if you are not convinced of bitcoin, dont go for it. - if you have conviction, choose appropriate position size; if you have e.g. 2% in bitcoin, yes, you may well loose 2% of your portfolio (downside) or gain 60% to your portfolio (assuming 30x); it's not black and white. And you dont have to invest in it!

What makes you to believe in this to defend this investment idea with your whole mind; as if it looks that you would have been paid by someone? I thought this platform is free for anyone to share their ideas. If you do not like my idea, simply press thumps down button rather being rude of your investing view!

Yeah, lets get some Robinhood traders on here to see the other side of the argument ;)

Zoltan’s employer apparently prevents him from doing most interviews.

Yeah.. that should worry you lol

Christopher, why? You do not get adoption if nobody buys it.

bitcoin has no store of value as it is too volatile. It has declined in each downturn. And you can't do anything with it, can you buy anything with bitcoin? I get it, you think I am wrong on one or all of these points. But if any of these become true and it becomes an actual currency, then govts around the world will stop this. We have already seen this in Asia. The technology may have long term value, but not how it currently exists. Where I am wrong? This is like a microcap stock and doesn't get attention. It could very likely get big attention and prices are driven up. But the more investors it gains the more issues there will be in mining (bitcoin can't really scale) and at some point there will be govt intervention. So you have to believe this will go up but there is a limit to that and you have to time that correctly. That seems a bad bet to me, "predicting" it will go up and timing right the upside limitation is really tough.

BTC is a kind of litmus test IMO. Not so much of intelligence as the ability to think independently. The equations of BTC to gold remind me of automobiles initially being called "horseless carriages," though. There may be practical psychological reasons for understanding BTC based on a quasi-resemblance to what's come before. But the limitations of that will become clear in coming years. Giddyup ...

Buying gold is not hiding money under the mattress Silver can give even better long return return. And so gold miners but at price of high volatility Agree on bitcoin, seems like an act of desperation, stocks are overvalued, bonds are not atractive any longer, federal reserve killed the "normal " investment game, so need to invent a new one and Bitcoin is perfect for that I do not see it as store of value, it can go up significantly, but it is not store of value as it will go down as fast Also It will be illegal even 1/2 way to the 30x Price, government will not let it happen All central banks buying gold, not bitcoin

I think not. Because as far as Gold is concerned they will not let it explode (as long as they can prevent it of doing so) but must let in move slowly but surely upwards as it's at least kind of backening the amount of deficit spending and widening their balance sheet. And that's why they are still holding on to it (although telling the people that it's just an archaic relict) and other Central Banks are buying it. So, if you are poor and want to get rich take the risk and buy bitcoin. But if you are kind of rich allready and must not get richer by any means just buy gold to keep your wealth over time and sleeping good at night....smile....

Bitcoin went from 0 to 200B in 10 years, if it were to survive another 10 years, i think the market cap will not be 400B, but rather 2-3T or something. Given that it has been under constant attack and hated world wide by hackers/government/miners and somehow still manage to survive this long, I would think that it has a pretty good chance it eventually proves itself as a form of store of value to most people. Gold currently has market cap of 10T, in 10 years it might go to 30T, and assuming bitcoin is still around then, 2-3T market cap is quite reasonable imo. Lets not forget tech is something that evolves, right now Bitcoin already show potential to become digital gold and SWIFT alternative. Give it another decade and we can see a lot more use cases develop. with 2-3T marketcap, price per coin is 10-15x from now. In a risk/reward sense, I would say its a very good trade

We have “robust democracy” in the US. How’s that going? Maybe it’s good EM don’t have it.

Reflecting back to the Tony Deden interview (and part 2 is worth watching again, newcomers should watch both parts), those of us worried about capital preservation should look at his portfolio, Edelweiss Holdings. As of January, he had 33% in gold and 9% in cash. He likes holding gold as he sees it as a better store of value than cash and just as liquid. He has an interesting perspective on markets that make his video worth watching again. Here is is corporate overview: https://edelweissholdings.com/docs/EH-2020-01-Corporate-Presentation.pdf

"they will not let it explode" Who is they....the global community of central banks? Chinese & Russian central banks are going to collude with the Fed to suppress gold, why? Previous price suppression schemes like the London Gold Pool have been ineffective. US government outlawed ownership of gold .... still it went up. Most people don't own any gold (except their jewelry), don't think/care or talk about gold! They care far more about the value of their home. Gold is little used for industrial applications so its price has little impact on the real economy. The irrelevance of gold may be its best quality.

Also if any government really wanted to destroy bitcoin surely they would have the resources to capture >51% of the hashrate - sure it may cost 10's or 100's of millions but this is chicken feed for a national entity.

@Chris M - Thank you for the recommendation to the Anthony Deden interviews. In a world full of numbers that don't mean much and a quick gain, it is so refreshing to listen to a man that flies in the face of modern investing techniques. As he mentions, his investing strategy "is simple, but it's not easy". I really appreciate you bringing my attention to this extraordinarily humble and insightful fellow. I can't wait to watch Part 2.

Chris M, great recommendation for any new comers to this forum. That interview with Grant was superb and in my top 5 on this channel. The difference between the ultimate unassuming, deeply professional and calm Deden is at stark contrast with the likes of Hugh Hendry. Latter may appeal to a younger in your face mind set, but Deden represent "real" and "old" money.

It is per year over the next 10 years! I just checked the transcript.

I for one share your feelings. Sitting on decades of experience in my original field (with no real competition in my location) makes me think that human capital is better to be leveraged rather than chasing diminishing returns on investment research. As for macro: we shall see. I'm detecting quite a bit of herd behavior to be honest (and I try to diversify my sources as much as possible).

Do you have a crypto portfolio?

I haven't watched it yet. That said, even if "little new insight," the takeaway then is to help gel the consensus of the play.

Was IoTeX mentioned in the interview as I missed it?