- If bitcoin becomes mainstream currency then it will impact Permanent Portfolio negatively. However it needs to first grow into the trillions before the negative impact will start to be felt.
- Better confiscation protection that bitcoin offers does not outweigh the extra currency risk.
So first bitcoin needs to grow from the current few billion market cap into the hundreds of billions. I would say implementation needs to be done the latest when it hits 1 trillion because after that it can grow quickly to ten trillion which would start really hurting some major assets in the Permanent Portfolio, likely cash, gold and maybe even stocks and bonds.
- Link to discussion on Permanent Portfolio Forum about implementing bitcoin: http://gyroscopicinvesting.com/forum/...
- Correction: I said Switzerland will hand over your assets if the court order 'is anything else' than tax evasion. That is not correct, if the court order accuses you of criminal act, only then will the Swiss also confiscate your assets and possible hand it over to other authorities. However, do note that being accused of a criminal offense is easy these days. Money laundering for example you can have done without even knowing (accepting money that was used before for illegal activity).
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https://www.youtube.com/watch?v=CnnbbOG2aFM
Summary: It is possible to bring more coins in circulation while also preserving the purchasing power. You can even increase the purchasing power, as long as you get a great deal & Time to implement a Decentralized Autonomous Organisation in Nxt, but do it better than the others.
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https://www.youtube.com/watch?v=6IXUjQjPCds
Investment mistakes I made in the past. Why I continue to invest in Bitcoin, Roland Vandamme (Gold & Mining Stocks) and now also NXT.
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https://www.youtube.com/watch?v=0BFdCdr1Qm8
Just like with cryptos after they went down or sideways for years, you do not want to trade around your position when it has become popular, as you may get left behind when that 10x pump finally starts. Instead HODL $TSLA when most are afraid of the act due to years of suffering. The 5x in 1 year may be upon us once the ATH of $380 breaks.
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https://www.youtube.com/watch?v=TvHUfoR1I6I
Touched $7900 BTC / $210B total market cap twice past week, close enough to the first buy target at the "Golden Retrace" that was set at $7500 BTC / $200B. Raised crypto exposure from 29% to 34%, adding 5% by buying $ETH, correcting a mistake of the past to only hold $BCH from the big coins.
In digital networked markets often the winner takes all, so could certainly apply to crypto as well. Ethereum being the prime contender to become biggest but also dominate market by more than 50% for decades. Not being invested in it may be very costly in missed opportunity. On the other hand I am no fan of managing many coins and plan to invest them all into the diversified crypto fund of cyber.capital once Ethereum has pumped hard, so that I can focus on building the Bitcoin Cash economy.
Since we reached again 35%+ undervaluation to regression trendline and are therefore again in "Serious Undervaluation" I believe it is important to correct now the big mistakes one made, such as if you have invested too little into crypto, or did not invest in certain coin you believe in, do it now, as there is small chance it goes up from here, in fact I estimate a 33% chance, and you don't want to have years of regret.
However, I would recommend to do it modestly, for me that means 35% crypto allocation total, as next buy target is the one I feel most confident about will hit sooner or later: 55% undervaluation to the trendline, which would bring us to $160B total market cap if it happens over next month, or $6000 BTC, at which point I plan to go to majority crypto exposure again, likely continuing to build my BCH and ETH stash.
Link My Crypto Investment Plan:
https://docs.google.com/spreadsheets/d/1WSeePxcqVyZ__99I-dAcvMBZuEzTq1DX8KzstSKoS5c/edit?ouid=114287237714814559422&usp=sheets_home&ths=true
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https://www.youtube.com/watch?v=Iqw3hD502xM
- Why $TSLA still great buy below $300, catalysts that will likely 5x it in just couple years & Why leverage worth using.
- How to deal with naysayers and trolls, my track record, investment successes and mistakes.
- Why bitcoin BTC has bad risk/reward ratio but ETH, BCH and other crypto's look better, thou still expected to go down.
- Why recession is unlikely, stocks very likely in multi decade bull while gold & commodity miners in multi decade bear.
- Why cash/fiat is generally poor thing to hold/invest in, better to diversify in different non correlated great investments and balance between them if opportunities arise.
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https://www.youtube.com/watch?v=QlXjA-tlSns