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To: oblomov

No problem. If you really want to be serious, two points:

1. Never said a word about U.S. currency. Not a thing. In fact, a USDLT would taste horrible. Bacon is a better investment in value and taste.

2. Ponzi’s first 20 investors raved about their returns. It was his next few hundred investors who had issues. But I’m happy for you. Ground floor is often good. But I’m guessing you didn’t spend any USD on BTC recently, even if it is a good “lettuce and tomato” investment.


52 posted on 04/07/2018 8:27:03 AM PDT by Larry Lucido
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To: Larry Lucido

Actually I sold higher and have been rebuying at these relatively low prices.

It isn’t a Ponzi insofar as no one entity controls the issuance of new bitcoin. Further, there is a fixed upper limit to supply.

Because of its low correlation with other asset classes and unique value drivers, it is a good investment in my view. But it is primarily a hedge, and like any hedge it should not be a major component of one’s portfolio. I.e., one should periodically rebalance the allocation to less than 5% (or 10% if one is very aggressive).

Also, although “bitcoin” is often used to refer to all cryptocurrencies, I believe that there are other cryptocurrencies with greater potential and use value than bitcoin, namely, Ethereum.


54 posted on 04/07/2018 8:35:51 AM PDT by oblomov
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