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LYC: My bitcoin holdings are only down about 3% now as bitcoin closes in on $44k

Posted by oblique (aka kkuphal) Dec 6 '23, 13:48

My cost per unit average of what I bought is $45,421.11

Responses:

My gain is many times your loss. Timing is everything for so many investments -- nm - Karl_S Dec 6, 14:51
Jamie Dimon to congress: "If I was the government, I'd close it down" -- (link) - hollywood big shot Dec 6, 13:51 10
- "though his bank is heavily involved in blockchain, the enabling technology for the $1.6 trillion industry" - David Dec 6, 14:06 2
  - All the banks are heavily involved in the technology. There is some hope that at some point it might help with bank security issues, but not as a - pmb Dec 6, 14:09 1
    - Blockchain definitely has uses. But crypto is like selling the hole punches from old hole punch programming cards. -- nm - TWuG Dec 6, 14:26
- OMG I agree with Jamie Dimon. -- nm - pmb Dec 6, 14:00 6
  - It's gotta be coincidental though. More than almost anyone except Musk, Dimon makes arguments that sound like they're macro when what he means is - Max Dec 6, 14:10
  - Right? About the only thing crypto has been successful at is money laundering -- nm - TWuG Dec 6, 14:01 4
    - I'm listening to the Number Go Up audiobook and it's hilarious how transparent it is - Reagen Dec 6, 14:08 2
      - I honestly question my own education when I hear people talk it up and see it do well. "Am I missing something? It's a scam, people!" - TWuG Dec 6, 14:24 1
        
        FOMO. That's what it's all been about. -- nm - pmb Dec 6, 14:36
    - It's always been a solution in search of a problem and the only one it found is criminal. -- nm - pmb Dec 6, 14:04

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LYC: My bitcoin holdings are only down about 3% now as bitcoin closes in on $44k

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