Raoul Pal: Bitcoin A “Life Raft” Away from Central Bank ...

The Electrodollar: Venture Capitalism, Technology, and Silicon Valley (w/ Raoul Pal & Bill Tai). Bill and Raoul discuss Silicon Valley, Bitcoin, Ethereum, Cryptokitties, Tokenisation of Assets, and what value looks like in the future.

The Electrodollar: Venture Capitalism, Technology, and Silicon Valley (w/ Raoul Pal & Bill Tai). Bill and Raoul discuss Silicon Valley, Bitcoin, Ethereum, Cryptokitties, Tokenisation of Assets, and what value looks like in the future. submitted by SpacePirateM to ethfinance [link] [comments]

How the Heck Do You Value a Bitcoin?! (w/ Raoul Pal)

How the Heck Do You Value a Bitcoin?! (w/ Raoul Pal) submitted by WebSwiftSEO to CryptocurrencyVideos [link] [comments]

Raoul Pal Slams Bitcoin: “It’s Not The Store of Value People Thought It Was”

Raoul Pal Slams Bitcoin: “It’s Not The Store of Value People Thought It Was” submitted by bitsteiner to Bitcoin [link] [comments]

Is this the whale who dumped bitcoins last week? "Raoul Pal Warns Bitcoin Is a Mania, Not a Store of Value... 'I Sold Out Last Week'"

Is this the whale who dumped bitcoins last week? submitted by pecuniology to btc [link] [comments]

Raoul Pal saying Bitcoin is not a store of value

[https://www.youtube.com/watch?v=LhQqctsEjAg&app=desktop] (link) Please don't shoot the messenger, just want to know what the community thinks.
submitted by nkunzi to Bitcoin [link] [comments]

Raoul Pal saying Bitcoin is not a store of value /r/Bitcoin

Raoul Pal saying Bitcoin is not a store of value /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Raoul Pal Warns Bitcoin Is A Mania, Not A Store Of Value... "I Sold-Out Last Week"

Raoul Pal Warns Bitcoin Is A Mania, Not A Store Of Value... submitted by 911bodysnatchers322 to TruthLeaks [link] [comments]

Raoul Pal: Bitcoin Is Mania And Not A Store of Value... I Sold-Out Last Week

Raoul Pal: Bitcoin Is Mania And Not A Store of Value... I Sold-Out Last Week submitted by BTCNews to BTCNews [link] [comments]

Raoul Pal Warns Bitcoin Is A Mania, Not A Store Of Value... "I Sold-Out Last Week"

Raoul Pal Warns Bitcoin Is A Mania, Not A Store Of Value... submitted by 101point1fahrenheit to Libertarian [link] [comments]

Raoul Pal: Bitcoin Is Mania And Not A Store of Value... I Sold-Out Last Week

Raoul Pal: Bitcoin Is Mania And Not A Store of Value... I Sold-Out Last Week submitted by BTCNews to BTCNews [link] [comments]

Raoul Pal Slams Bitcoin: Its Not The Store of Value People Thought It Was

Raoul Pal Slams Bitcoin: Its Not The Store of Value People Thought It Was submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Raoul Pal: Bitcoin Is Mania And Not A Store of Value... I Sold-Out Last Week

submitted by Imared to TheColorIsRed [link] [comments]

Some Bitcoin Analysts and Prediction Today and Yesterday & Why "It's not the Price, Dummy"

This is just for fun, I generally have no strong feelings toward bitcoin price (I'm just fundamentally against zero-sum get rich schemes). But today I decided to do a little bitcoin search in news.google.com and see what today's bulls were predicting in 2018. Side note, almost all of the news articles came from crypto sites. I tried my best to stay away from them. Farming magazine telling you agriculture is the future isn't exactly shocking.
To people who invest, please don't consider this as a prediction that price will fall. I'm not astute or smart enough to predict either way. The only possible use is to make sure you are more skeptic regarding predictions. Keep in mind, a rich CEO or consultant can lose 100 million and not really affect his life that much, but a 10k or 100k lose for some people can be devastating. And remember, some of these rich hedge managers don't believe their own bullshit, and hopefully, some of these quotes will emulate that.
(Note, I won't waste time linking them all, but by quoting them directly, it should be easy to google)
(another side note, I didn't purposely search out specific names. I went by the first names I came across, and only ignoring those that I couldn't find anything regarding crypto in past years)

Mike Novogratz

Present: Business Inside: Bitcoin is like 'digital gold' and won't be used the same as a traditional currency in at least 5 years, billionaire investor Mike Novogratz says
Past: On Nov, 2017, he said: "Bitcoin could ‘easily’ reach $40,000 by the end of 2018, hedge fund legend Novogratz says"
2018: "Michael Novogratz calls a bottom in cryptocurrencies" (it wasn't)
Novogratz started a crypto funding in 2018. First 9 months "Mike Novogratz’s Crypto Trading Desk Lost $136 Million in Nine Months" (Bloomberg). Quarter 4: "Galaxy Digital Posts $32.9 Million in Net Loss for Q4 2019". Feb 2020 "Mike Novogratz’s Galaxy Digital Slashes 15% Staff"

Raoul Pal

Present: "For Raoul Pal, CEO of Real Vision, the bullish atmosphere had been reinforced, and further gains were more likely than ever.
“There are literally only two resistances left on the #bitcoin chart - 14,000 and then the old all-time high at 20,000,” he tweeted."
In a tweet today, he said, "Bitcoin is eating the world...
It has become a supermassive black hole that is sucking in everything around it and destroying it. This narrative is only going to grow over the next 18 months.
You see, gold is breaking down versus bitcoin...and gold investors will flip to BTC"
Past: 2014: "Put them in the same kind of equation we get a value of bitcoin and that value is a million dollars. Now, you'll never hear an analyst say this—but I don't mind this—I could be wrong by 90%, and it's still worth $100,000." (to be honest, that's a bit of an impressive prediction in 2014)
On the other hand, he probably didn't really believe his own prediction because in June, 2017 (when it was 2000 USD or so), he said: " “This is the most exponential move we have seen. I don’t know how far it goes, but I sold out last week… and I’ve [owned Bitcoin] since it was $200. Anything that moves exponentially, always [blows up].”"
In 2016, "This view brings Pal to the asset he favors most over the next year out of bonds, equities, currencies and commodities: the dollar."

---

Eh, that was just two. I was hoping to mention several people, but it appears not many people are actually making predictions anymore, and anyone mentioned are basically not big people so I couldn't find much on them regarding bitcoin before 2019.
So, the main thing I like to highlight are the analysts and such are going to make money whatever happens. Fund managers are playing with people's money and, as long as they are not involved in frauds, there is no real harm to them against wrong predictions. Generally, successful business people are successful because they were loud, confident, and were able to convince others that they had the right idea. Even when wrong, they bounce back. Most of us aren't like that.
Some bitcoiners come here to boast when price goes up, as if the increase in price is an indication that argument against bitcoin has been proven wrong. While some people here are fanatically anti-bitcoin, I am not one of those. I have nothing against people making money (why would I be upset that people I don't know around the world became wealthier??). But since bitcoin investing is by design a zero sum game, certain people will eventually lose, and it is most likely it is the people who were listening to predictions by experts that would ultimately be financially hurt, and not the experts making the predictions.
Crypto investing has been a platform where the average person works hard in his day to day life, and then brings the fruits of his labor into this field. The actual productive part of that person's life is the one outside crypto, where they had been productive for the community, and in exchange, they receive wages. Crypto investing's promise is for this wage to increase without the actual productivity. The concern is mainly that the result of all that labor will be misused by crypto "experts" who's own income (their labor) is directly linked to predictions on crypto.
The above paragraph is badly explained, but the main point is that the average person brings in outside money they worked hard for, while "experts" there is generally no outside money, crypto fund management or consulting itself is their job.
---
Money can be made, of course, but money being made isn't necessarily an argument for something. Bitcoin, and crypto, has for the past 1.5 decades still largely just about numbers going up. Google trend on "bitcoin" show top related queries being "bitcoin price", "bitcoin usd", "bitcoin usd price". When people come here when it hits a particular arbitrary price point thinking it's their gotcha moment, it actually just reinforces my argument that it is only about the price. Nothing in the history of human economy has ever lasted based only on the economic model of who you could resell it for at a higher price.
Even DeFi's smart contracts (as much as I could understand it) is about prices going up. It's like for these people the concept of contracts are based purely on money exchanging hands, and no actual task being done. Almost all contracts globally are based on specific productive tasks being done, such as employee contract, supplier contract, property contract, and so on. Only a tiny amount of it is based on "if this currency goes up, then give me that currency" contracts.
---
submitted by madali0 to Buttcoin [link] [comments]

The White Dragon : A Canadian Dragon Portfolio

Alright guys, Ive been working on this for a while and a post on here by a guy describing his portfolio here was the final kick in the ass for me to put this together. I started writing this to summarize what Im doing for my friends who are beginners, and also for me to make some sense of it for myself
Hopefully parts of it are useful to you, and also ideally you guys can point out errors or have a suggestion or two. I'm posting this here as opposed to investing or canadianinvestor (blech) because they're just gonna tell me to buy an index fund.
This first section is a preamble describing the Canadian tax situation and why Im doing things the way that I am. Feel free to skip it if you dont care about that. Also, there might be mistake regarding what the laws are here so dont take my word for it and verify it for yourself please.
So here in Canada we have two types of registered accounts (theres actually more but whatver). There is the TFSA "Tax Free Savings Account", and RRSP "Registered Retirement Savings Account"
For the sake of simplicity, from the time you turn 18 you are allowed to deposit 5k (it changes year to year based on inflation etc)in each of them. That "room" accumulates retroactively, so if you haventdone anything and are starting today and you are 30 you have around 60k you can put in each of them. The prevailing wisdom is that you should max out the TFSA first and you'll see why in a minute.

TFSA is post tax deposits, with no capital gains or other taxes applied to selling your securities, dividends or anything else. You can withdraw your gains at any time, and the amount that you withdraw is added to the "room" you have for the next year. So lets say I maxed out my TFSA contributions and I take out 20k today, on January of next year I can put back in 20k plus the 5 or whatever they allow for that year. You can see how powerful this is. Theres a few limitations on what is eligable to be held in the TFSA such as bitcoin/bitcoin ETFs, overseas stocks that arent listed on NYSE, TSX, london and a few others. You can Buy to Open and Sell to Close call and put options as well as write Covered Calls.

The RRSP is pre-tax deposits and is a tax deferred scheme. You deposit to lower your income tax burden (and hopefully drop below a bracket) but once you retire you will be taxed on anything you pull out. Withdrawing early has huge penalties and isnt recommended. You are however allowed to borrow against it for a down payment as a first time home buyer. The strategy with these is that a youngperson entering the workforce is likely to be in a fairly low tax bracket and (hopefully) earns more money as they get older and more skilled so the RRSP has more value the greater your pre-taxincome is. You can also do this Self Directed. Its not relevant to this strategy but I included it for the sake of context.
Non registered accounts ( or any other situation, such as selling commercial real estate etc) is subject to a capital gains tax. In so far as I understand it, you add all your gains and losses up at the end of the year. If its a positive number, you cut that number IN HALF and add it to your regular pre-tax income. So if I made 60k from the dayjob and 20k on my margin account that adds up to 70k that I get taxed on. if its a loss, you carry that forward into the next year. Theres no distinction between long term and short term. Also physical PMs are treated differently and I'll fill that part in later once I have the details down.
The reason why all that babble is important is that my broker Questrade, which isnt as good as IB (the only real other option up here as far as Im aware) has one amazing feature that no other broker has: "Margin Power"
If you have a TFSA and a Margin account with them, you can link them together and have your securities in the TFSA collateralise your Margin account. Essentially, when it comes to the Maintenance Excess of the Margin Account QT doesnt care if its in the TFSA *or* the Margin!
You can see how powerful this is.
------------------------------------------------------------------------------------------------------------------------------------------------
So as you can tell by the title, a lot of this is heavily inspired by Chris Cole's paper "The Allegory of the Hawk and the Serpent". You can read it here: https://www.artemiscm.com/welcome#research
Between it, his interviews and my mediocre options skills at the time my mind was blown. Unfortunately I didnt know how to do the Long Volatility part until after the crash in March but I've since then had nothing but time to scour the internet and learn as much as I could.
The way I interpret this isnt necessarily "what you should have right now", but what abstracted model they were able to backtest that gave them the best performance over the 90 years. Also, a lot of my portfolio I already had before I started trying to build this.
As such my allocations dont match the proportions he gave. Not saying my allocations are better, just showing where they are at this time.
I'm going to describe how I do Long Volatility at the end rather than the beginning since the way *I* do it wont make sense until you see the rest of the portflio.

Physical PMs 22%
I'm not sure wether he intended this to be straight up physical gold or include miners and royalty streaming companies so I will just keep this as physical.
I consider Silver to be a non-expiring call option on gold, so that can live here too. I am actually *very* overweight silver and my strategy is to convert a large portion of it to gold (mostly my bars) to gold as the ratio tightens up.
If youre into crypto, you can arguably say that has a place in this section.
If an ETF makes sense for part of your portfolio, I suggest the Sprott ones such as PHYS. Sprott is an honest business and they actually have the metal they say they have. If you have enough, you can redeem your shares from the Royal Canadian Mint. The only downside is that they dont have an options chain, so you cant sell covered calls etc. Simple enough I suppose.
One thing to bear in mind, there is a double edged sword with this class of assets. They're out of the system, theyre nobody's business but your own and theres no counter party. That unfortunately means that you cant lever against it for margin or sell covered calls etc. You can still buy puts though (more on that later)

Commodity Trend (CTA) 10%
https://youtu.be/tac8sWPZW0w
Patrick Ceresna gave a good presentation on what this strategy is. Until I watched this video I just thought it meant "buy commodities". A real CTA does this with futures also so aside from the way he showed, there are two other ETFs that are worth looking at.
COM - This is an explicit trend following ETF that follows a LONG/FLAT strategy instead of LONG/SHORT on a pile of commodity futures. So if they get a "sell" signal for oil or soybeans they sell what they have and go to cash.
COMT- Holds an assortment of different month futures in different commodities, as well as a *lot* of various related shares in producers. Its almost a one stop shop commodities portfolio. Pays a respectable dividend in December
If you want to break the "rules" of CTA, and include equities theres a few others that are also worth looking at
KOL- This is a coal ETF. The problems with it are that a lot of the holdings dont have much to do with coal. One of them is a tractor company. A lot of the companies are Chinese so theres a bit of a red flag.
Obviously Thermal Coal, the kind used for heating and powerplants isnt in vogue and wont be moving forward...but coking coal is used for steel manufacturing and that ain't going anywhere. The dividend is huge, pays out in December. A very very small position might be worth the risk.
Uranium- I'm in URA because thats the only way for me to get exposure to Kazatoprom (#1 producer), which is 20% of the holdings. The other 20% is Cameco (#2 producer)and then its random stuff.
Other than that I have shares in Denison which seems like its a good business with some interesting projects underway. I'm still studying the uranium space so I dont really have much to say about it of any value.
RSX- Russia large caps. If you dont want to pick between the myriad of undervalued, high dividend paying commodity companies that Russia has then just grab this. It only pays in December but it has a liquid options chain so you can do Covered Calls in the meantime if you want.
NTR- Nutrien, canadian company that was formed when two others merged. They are now the worlds largest potash producer. Pretty good dividend. They have some financial difficulties and the stocks been in a downtrend forever. I feel its a good candidate to watch or sell some puts on.
I'm trying to come up with a way to play agriculture since this new phase we're going to be entering is likely to cause huge food shortages.

EURN and NAT- I got in fairly early on the Tanker hype before it was even hype as a way to short oil but I got greedy and lost a lot of my gains. I pared down my position and I'm staying for the dividend.
If you get an oil sell signal, this might be a way to play that still.

Fixed Income/Bonds 10%

Now, I am not a bond expert but unless youre doing some wacky spreads with futures or whatever... I dont see much reason to buy government debt any more. If you are, youre basically betting that they take rates negative. Raoul Pal of Real Vision is pretty firm in his conviction that this will happen. I know better than to argue with him but I dont see risk/reward as being of much value.
HOWEVER, I found two interesting ETFs that seem to bring something to this portfolio
IVOL- This is run by Nancy Davis, and is comprised of TIPS bonds which are nominally inflation protected (doubt its real inflation but whatever) overlayed with some OTC options that are designed to pay off big if the Fed loses control of the long end of the yield curve, which is what might happen during a real inflation situation. Pays out a decent yield monthly
TAIL- This is a simpler portfolio of 10yr treasuries with ladder of puts on the SPX. Pays quarterly.

Equities 58% (shared with options/volatility below)
This is where it gets interesting, obviously most of this is in mining shares but before I get to those I found some interesting stuff that I'm intending to build up as I pare down my miners when the time comes to start doing that.
VIRT- I cant remember where I saw this, but people were talking about this as a volatility play. Its not perfect, but look at the chart compared to SPY. Its a HFT/market making operation, the wackier things get the more pennies they can scalp. A 4% dividend isnt shabby either.
FUND- This is an interesting closed end fund run by Whitney George, one of the principals at Sprott. He took it with him when he joined the company. Ive read his reports and interviews and I really like his approach to value and investing. He's kind of like if Warren Buffett was a gold bug. Theres 120 holdings in there, mostly small caps and very diverse...chicken factories, ball bearings all kinds of boring ass shit that nobody knows exists. Whats crucial is that most of it "needs to exist". Between him, his family and other people at Sprott they control 40% or so of the shares, so they definitely have skin in the game. Generous dividend.
ZIG- This is a "deep value" strategy fund, run by Tobias Carlisle. He has a fairly simple valuation formula called the Acquirer's Multiple that when he backtested it, is supposed to perform very well. He did an interview with Chris Cole on real Vision where he discusses how Value and Deep Value havent done well recently, but over the last 100 years have proven to be very viable strategies. If we feel that theres a new cycle brewing, then this strategy may work again moving forward.

I want to pause and point out something here, Chris Cole, Nassim Taleb and the guys at Mutiny Fund spend a lot of effort explaining that building a portfolio is a lot like putting together a good basketall team. They need to work together, and pick up each others slack
A lot of the ETFs I'm listing here are in many ways portfolios in and of themselves and are *actively managed*. I specifically chose them because they follow a methodology that I respect but I can't do myself because I dont have the skill, temperament or access to.
The next one is a hidden gem and ties into this. I'm not sure how much more upside there is in this one but man was I surprised.
SII- Sprott Inc. I *never* see people listing this stock in their PMs portfolios. A newsletter I'm subscribed to described this stock as the safest way to play junior miners. Their industry presence, intellectual capital and connections means that they get *the best* private placement deals in the best opportunities. I cant compete with a staff like theirs and I'm not going to try. I bought this at 2.50, and I liked the dividend. Since then they did a reverse split to get on the NYSE and like the day after the stock soared.
When it comes to mining ETFS I like GOAU and SILJ the best. None of their major holdings are dead weight companies that are only there because of market cap. I dont want Barrick in my portfolio etc.
SGDJ is a neat version of GDXJ.
Aside from that my individual miners/royalty companies are (no particular order)
MMX
SAND
PAAS
PGM
AUM
AG
MUX
RIO- Rio2 on the tsx, not rio tinto
KTN
KL
Options/Volatility: varies
So this is where we get to the part about options, Volatility and how I do it. I started out in the options space with The Wheel strategy and the Tastytrade approach of selling premium. The spreads and puts I sell, are on shares listed above, in fact some of those I dont hold anymore.
Theres tons of stuff on this in thetagang and options so I wont go into a whole bunch (and you shouldnt be learning the mechanics from me anyway) but theres one thing I want to go over before it gets wild.
If I sell a Cash Secured Put, from a risk management perspective its identical to just buying 100 shares of the underlying security. You are equally "Short Vol" as well, it just that with options
its a little more explicit with the Greeks and everything. But if I use my margin that I was talking about earlier, then I can still collect the premium and the interest doesnt kick in unless Im actually assigned the shares.
But if I sell too many puts on KL or AG, and something happens where the miners get cut down (and lets be real, they all move together) my margin goes down and then I get assigned and kaboom...my account gets blown up
So what I need to do, is balance out the huge Short Vol situation in my portfolio, be net Long Vol and directly hedge my positions. Since the overwhelming majority of my equities are all tied to bullion this is actually a very easy thing to do.

Backspreads
https://youtu.be/pvX5_rkm5x0
https://youtu.be/-jTvWOGVsK8
https://youtu.be/muYjjm934iY

So I set this up so the vast majority of my margin is tied up in these 1-2 or even 1-3 ratio put spreads that *I actually put on for a small credit*, and roll them every once in a while. I run them on SLV, and GDX.
I keep enough room on my margin so I can withstand a 10% drawdown before it sets off the long end of the spreads and then I can ride it out until it turns around and we keep the PM bull market going.
Theres another cool spread I've been using, which is a modified Jade Lizard; if already hold shares, I'll sell a put, sell a covered call, and use some of the premium to buy a longer dated call. Ive been running this on AG mostly.
I have a few more spreads I can show you but Im tired now so it'll have to wait for later.
As I said multiple times, I do intend to trim these miners later but now isnt the time for that IMO. I'm also monitoring this almost full time since I have an injury and have nothing better to do until I heal :p
submitted by ChudBuntsman to pmstocks [link] [comments]

Anyone think this is possible?

Anyone think this is possible?

Bitcoin hitting $10 trillion market cap is “easily achievable”

Raoul Pal — chief executive of Real Vision and a former Goldman Sachs executive — recently sat down with one of Bitcoin’s earliest public bulls, Max Keiser, to talk about the outlook for cryptocurrencies.
Responding to an inquiry from Keiser regarding Bitcoin’s potential to begin to rival gold, which has approximately a $9 trillion market capitalization.
“If it becomes an ecosystem, and we believe it will be and it will take the whole ecosystem with it as well, then yes, I think a $10 trillion number is easily achievable within that process.”
https://preview.redd.it/rge9cx3go5z41.png?width=824&format=png&auto=webp&s=17d5beef2015d7a67852ee4b3d036aa1371227e3
A $10 trillion market capitalization corresponds with more than $500,000 per coin.

The timelines are accelerating

While Pal held the belief that Bitcoin could skyrocket to trillions long before the COVID-19 outbreak, the ongoing macroeconomic conditions are increasing the chances crypto performs well, he has suggested.
Per previous reports from CryptoSlate, he postulated in the April edition of his research newsletter “Global Macro Investor” that due to the economic and monetary fallout of the COVID-19 outbreak, there’s a genuine risk “of the failure of our very system of money” or at least a collapse of the “current financial architecture.”
Pal has specifically cited a potential deflationary spiral caused by the lack of spending, which he believes will cause the value of the U.S. dollar to shoot up while individuals, corporations, and governments will have to default on their record levels of debt.
submitted by rayd8or178 to Bitcoin [link] [comments]

Why is nobody talking about Coinstream?

I've been told from various people on this sub about the company called Coinstream, essentially owning the BTC protocol. Yet, all I see are more and more people joining the Bitcoin bandwagon now, mainstream people, people I follow for news are more and more opening up to the idea of Bitcoin.
None of them mention Coinstream. Most talk about the positive effects that Bitcoin could have, as if it was 2010 all over again. All of them talk about the potential, the potential of Blockchain, and so on, and it's all great, but nobody mentions this very important thing that is Coinstream, essentially running the entire protocol.
So all these people are positively talking about Bitcoin like some democratized currency as if we're in 2010 all over again but none of them mention this very major flaw.
One major proponent in particular is RealVision, who recently got on the Bitcoin-hype wagon and more specifically Raoul Pal. Clip after clip after clip, Bitcoin this, 50X that, and it's all great and I understand it. Bitcoin does/did have potential, but why aren't they talking about this massive flaw that basically created Bitcoin Cash and all these other forks. Is it just ignorance? Isn't it a huge thing to be ignorant of?
Who shills Bitcoin as a democratized, decentralized currency when it is at the hands of a massive company? This isn't the case with any other currency. Even the US Dollar has more democracy than this currency if what is the case about Coinstream is true.
So which is it? Am I just blowing Coinstream out of proportion and are these people right about Bitcoin? Or are they just ignorant? I'm subscribed to several trading-channels and all of them, when speaking about Bitcoin, don't even mention Coinstream, which is a big fucking deal. Why is this?
I don't attribute nefarious intent to these people. Raoul Pal's a great person, hard to reach so I can't ask him, but there are others, too. Bill Tai among others. Surely all these people can't be this ignorant to blindly believe something has this much potential when the fact that it's owned by a single company's out in the open? All it'd take would be a quick Google to shatter their optimism? Yet Raoul's invested like 25% of his portfolio in Bitcoin
Anyone know why this is the case? Love to know if we're not just blowing Coinstream out of proportion or if I've just misunderstood things?
They talk about BTC as a store of value, but even as a store of value it's void when one single company runs the currency? It's at their mercy?
submitted by BimboDickins to btc [link] [comments]

What I think about DogeCoin Value

I just thought I'd share my thoughts.

Current Value:

DogeCoin is approximately 1/7076th of a BitCoin, by volume.
If taken directly against BitCoin, with equal market value, Dogecoin would be worth $0.056, and where we're currently at is 1/1769911th of a BitCoin by price.

Estimates:

If BitCoin value rises to where Raoul Paul says, we're looking at a BTC value of $1,000,000 or $100,000 which would have us sitting at $141 or $14 given equal market share (Doge/BTC calculated by Volume), or at our current market share, $0.565, or $0.056 (Doge/BTC calculated by price).

Conclusion:

I think we need to close the gap in market share before BitCoin value jumps through the roof because at our current 1/1769911th rate, we'd be worth very little even with BTC appreciation.
By my estimates, we need to improve Dogecoin's value by a factor of 250 to reach the 1/7076th by volume. If we get larger than that, we would be the dominating cryptocurrency.
What do you think?
submitted by DRKMSTR to dogecoin [link] [comments]

Value Propositions of Bitcoin from High Profile Investors and Venture Capitalists in 2013

Balaji Srinivasan- VC Andreesson Horowitz & Naval Ravikant- Angel List
Raoul Pal Hedge Fund Manager
Hugh Hendry Hedge Fund Manager
Michael Novogratz Hedge Fund Manager
Turr Demeester InvestoVC
Rick Falkvigne Early Adopter, Political Activist
Trace Mayor Early Adopter, Bitcoin Angel Investor- Seed Round Investor in Bitpay, and Armory Wallet
Chamath Palihapitiya Venture Capital (Social + Capital) , Early Facebook Exec.
Most Range between 100k to 3 million a piece. Bitcoin doesn't necessarily have to be worth that much to stay as relevant as it is now, but i think that the coin would have to have some value to continue to capture the attention of silicon valley and other investors, and entrepreneurs. The value of bitcoin gives incentive to the whole ecosystem to build on top of it and use it, that will not happen to the same degree if the price goes to zero and/or the currency within the protocol is somehow compromised.
This is a comment I made a few days ago and wanted to post it as its own. Just some thoughts.
Edit: Formatting
submitted by plato14 to Bitcoin [link] [comments]

Letter to the portfolio manager of a relation of mine

This is a letter I have sent to a relation of mine's portfolio manager. This is an obvious throwaway and I really am not interested in giving specifics. I'm just reproducing it here so that if others are thinking of approaching their managers, they have something as a basis for their conversation.
I am [a relation to your client]. I think that we may have spoken once in the past regarding aspects of the portfolio for [your client].
[They have] asked me to write you about some of the developments with respect to Bitcoin as a diversification option for this portfolio. I understand that [they have] put in a call to you and would like to discuss this further, and [they] wanted me to give you some materials on recent events and analysis with respect to Bitcoin.
There was recently a Wall Street Journal article covering this topic http://online.wsj.com/news/articles/SB10001424052702304607104579212101356897382
The article tells of a paper by Marie Brire, an associate professor at Universit Paris Dauphine in France, co-authored by Kim Oosterlinck and Ariane Szafarz of the Universit Libre de Bruxelles in Belgium, that concluded that a small allocation to bitcoin, perhaps 3% of a well-diversified portfoliocould improve one's risk-return trade-off. It also has several statements by Raoul Pal, a former hedge-fund manager and founder of the Global Macro Investor, and concludes these by saying he, more conservatively, put a small slice of his portfolio—between 1% and 2%—into the coins.
There have recently been senate hearings on bitcoins and other virtual currencies, and these have been notably positive. http://www.bloomberg.com/news/2013-11-18/u-s-agencies-to-say-bitcoins-offer-legitimate-benefits.html Even Ben Bernake wrote a letter to the senate committee stating that bitcoins are not directly under any regulatory regime and that they "may hold long-term promise, particularly if the innovations promote a faster, more secure and more efficient payment system.” http://www.businessinsider.com/ben-bernanke-on-bitcoin-2013-11
We had discussed investing a small amount of [your client's] portfolio with you in the summer of 2012. At that point in time, if a 1% allocation (about [some amount]) had been done, then the value of those coins today would be about [100 times that amount]. While a lot of the upside of Bitcoins have been realized in this time, we feel that Mr. Pal is right in his assessment that there is still value in investing now.
Sincerely, [My name]
submitted by btcthrowaway3 to Bitcoin [link] [comments]

Raoul Pal on Bitcoin as a Global Recession Hedge Raoul Pal Makes His Bitcoin Price Prediction  It’s More Than You Think! Gold and Bitcoin to the Moon (w/ Raoul Pal & Peter Brandt ... SLP203 Raoul Pal – Bitcoin and Macro Collide - YouTube Raoul Pal on Why He's Irresponsibly Long Bitcoin [Full ...

Pal declares that Bitcoin is a “life boat” away from the pitfalls of central bank digital currencies – loss of privacy and wealth destruction. Bitcoin, he notes, is a truly decentralized store of value, and it has a programmatically verifiable fixed supply of 21 million coins built into the code. The power of decentralization is that it cannot be stopped by any government. That’s why ... Global Macro Investor CEO Raoul Pal has explained why he believes bitcoin is better than gold in every way. He proclaims that bitcoin is "the hardest form of money" and "the best reserve asset and ... Raoul Pal is Not Alone. Other analysts seem to be bullish as well. A lesser-known trader by the username also shared Raoul Pal’s “prediction.” of Bitcoin to 1 million in 2025, based on a logarithmic growth model but considering 4-year cycles with more strength than Raoul’s method. Raoul Pal ist sich sicher: Bitcoin-Adaption kommt . Der CEO der Real Vision Group erklärte, dass er die Bitcoin-Bewegung von Anfang an verfolgt habe. Mit Hilfe eines Algorithmus könne er Vorhersagen über die Bitcoin-Kursentwicklung treffen. Auch wenn die realen Bitcoin-Entwicklungen nicht immer diesem Algorithmus folgen, hält Pal daran fest. Bitcoin folge alle vier Jahre dem selben Zyklus ... Raoul Pal on global market insolvency and Bitcoin at one million dollars. When Raoul talks, investors listen and today is no different. Raoul is the co-founder of Real Vision and is one of the most trusted names in the financial world. We asked Raoul to give advice on portfolio positioning including Gold, Bitcoin, Cash, and stocks. We also wanted his take on the market crash and what comes ...

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Raoul Pal on Bitcoin as a Global Recession Hedge

Raoul Pal is CEO and co-founder of Real Vision, a platform fundamentally disrupting macroeconomics and financial media. In this wide-ranging conversation, he... Raoul Pal: Bitcoin To 1 Million Global Markets Insolvent - Duration: 40:30. Cambridge House International Inc. 105,956 views. 40:30. MacroEconomist Reveals the MOST EXCITING & SCARY Future for ... Raoul Pal on global market insolvency and Bitcoin at one million dollars. When Raoul talks, investors listen and today is no different. Raoul is the co-found... How the Heck Do You Value a Bitcoin?! (w/ Raoul Pal) - Duration: 35:51. Real Vision Finance 32,122 views. 35:51 🔴 A Historical Look at Recession Watch (w/ Kiril Sokoloff & Raoul Pal) - Duration ... How the Heck Do You Value a Bitcoin?! (w/ Raoul Pal) - Duration: 35:51. Real Vision Finance 35,418 views. 35:51 . Raoul Pal Explains Why Interest Rates Are Going To Zero - Duration: 12:28. Anthony ...

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