You saw it. I saw it. Bitcoin went flying by THOUSANDS of dollars on the evening of October 23rd. Indeed, over the course of just a couple of weeks, it added about $10,000 of value per Bitcoin. . It’s like we’re back in 2021!
Cryt-whoa!
Slope of Hope Blog Posts
Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.
Sam’s Folks
Here’s a very interesting anecdote from Tiffany Fong about SBF’s mom flipping out at her. It’s worth a listen:
Are You a Believer? (by Xerxes)
I have, in the past given my assessment and conclusive disdain for crypto. To summarize my overall feelings on it, I don’t believe it really serves a higher function than to allow for market gamblers to buy and sell securities.
What if you are not a market gambler? Why should you purchase a bitcoin? What can you do with it?
Consistently, the only answer I have ever received for this question is “you can hold it because it will be worth more later”. I realized I need to revise my approach to this property because I don’t think I’ll ever receive a real answer to these questions. To invest, I just need to be a believer that if/when you decide to “invest” that I am not the greatest fool (i.e., someone else will agree to pay more for my coin than I did).
(more…)Crypto: the Thrill is Gone
A few years ago, if you were a compulsive gambler and wanted excitement, the world was your oyster thanks to meme stocks and crypto. Crypto in particular was insanely volatile, with Bitcoin, for example, zooming and crashing by tens of thousands of dollars on a nearly constant basis.
