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I actually don‘t need a thesis, I can just expose myself to a new technology with a tiny portion of my net worth just like that. If that doesn‘t fit your crite

I actually don‘t need a thesis, I can just expose myself to a new technology with a tiny portion of my net worth just like that. If that doesn‘t fit your criteria of what someone can do, it‘s ok, I can live with that.

arcticbull 6y ago
You absolutely can, nobody's stopping you (unfortunately), I'm just saying that its (a) not a good idea unless you know why you're investing in something and (b) you came out saying that you were investing in crypto not because you knew anything about it but because it was "technology" and FOMO. There are so many technologies out there, I don't see why you're not invested in all of them, except for FOMO. If I knew you personally we'd have a long talk about investing.
- dmichulke 6y ago
  I think we should see things relative here: He's not investing short-term so in a sense his profits will already be much higher due to "not chasing the latest fad". Secondly, for long-term investment, I believe crude theses are sufficient. If you believe in a tech future, go for it. Be ready to lose it all but got for it. Same goes for theses like transport revolution, war, china will be the new superpower, AI etc. I personally don't believe in all of them but having a few of those (and diversifying also across asset classes) will either teach you wisdom and humility or net you a nice profit. I also believe it's in the long-term bimodal - either it's factor 10+ or factor 0. So one positive investment neutralizes 9 negative, with two positives you're profiting. My only beef with tech right now would be that it's the most crowded trade I've seen in a long time. AAPL is worth 20x BTC, add the other FANGs and draw your conclusions.
- patatino 6y ago
  I never said I know nothing about it, please don't put words in my mouth. I said I don't know if blockchain is going be a technology that will win in the future and I'm not gonna guess why it will or not. Why? Because I could do both. I see technology with potential I take a stab at it, simple as that. I don't need to convince myself into being a "believer" in it. And the thesis why I think technology can outperform the S&P500 I already answered, technology companies are the ones which turned the stock market around, therefore I think technology companies will outperform the S&P500. I'm thankful for your financial advice, but I'm good.
  - arcticbull 6y ago
    Bitcoin is not a technology company it’s a technology. It’s like saying I’m investing in the wheel, and stocking up on a bunch of wheels. Or in my opinion, investing in egg salad sandwiches.
    - patatino 6y ago
      Why would it need to be a company? Is gold a company? People trade it, people store it. I can do the same with bitcoin, not with egg salad sandwiches.
      - arcticbull 6y ago
        Over half of gold is used for industrial and jewelry applications. Exactly 0% of bitcoin has non-criminal, non-speculative use.
        patatino 6y ago
        You are the best example of what I‘m trying to avoid. Your only goal is being right. I rather make money

arcticbull 6y ago

You absolutely can, nobody's stopping you (unfortunately), I'm just saying that its (a) not a good idea unless you know why you're investing in something and (b) you came out saying that you were investing in crypto not because you knew anything about it but because it was "technology" and FOMO. There are so many technologies out there, I don't see why you're not invested in all of them, except for FOMO. If I knew you personally we'd have a long talk about investing.

dmichulke 6y ago
I think we should see things relative here: He's not investing short-term so in a sense his profits will already be much higher due to "not chasing the latest fad". Secondly, for long-term investment, I believe crude theses are sufficient. If you believe in a tech future, go for it. Be ready to lose it all but got for it. Same goes for theses like transport revolution, war, china will be the new superpower, AI etc. I personally don't believe in all of them but having a few of those (and diversifying also across asset classes) will either teach you wisdom and humility or net you a nice profit. I also believe it's in the long-term bimodal - either it's factor 10+ or factor 0. So one positive investment neutralizes 9 negative, with two positives you're profiting. My only beef with tech right now would be that it's the most crowded trade I've seen in a long time. AAPL is worth 20x BTC, add the other FANGs and draw your conclusions.
patatino 6y ago
I never said I know nothing about it, please don't put words in my mouth. I said I don't know if blockchain is going be a technology that will win in the future and I'm not gonna guess why it will or not. Why? Because I could do both. I see technology with potential I take a stab at it, simple as that. I don't need to convince myself into being a "believer" in it. And the thesis why I think technology can outperform the S&P500 I already answered, technology companies are the ones which turned the stock market around, therefore I think technology companies will outperform the S&P500. I'm thankful for your financial advice, but I'm good.
- arcticbull 6y ago
  Bitcoin is not a technology company it’s a technology. It’s like saying I’m investing in the wheel, and stocking up on a bunch of wheels. Or in my opinion, investing in egg salad sandwiches.
  - patatino 6y ago
    Why would it need to be a company? Is gold a company? People trade it, people store it. I can do the same with bitcoin, not with egg salad sandwiches.
    - arcticbull 6y ago
      Over half of gold is used for industrial and jewelry applications. Exactly 0% of bitcoin has non-criminal, non-speculative use.
      - patatino 6y ago
        You are the best example of what I‘m trying to avoid. Your only goal is being right. I rather make money