What I Think of Bitcoin
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What I Think of Bitcoin
1–10 of 209 posts
Re: What I Think of Bitcoin
#290% of the time Ray Dalio has an interesting opinion and good analysis, and he does this here.
I did an analysis based on the same premise (Bitcoin competes with gold) and came to basically the same conclusion.
Dalio's writings about how the "All Weather" fund works are based on a premise a lot like the "Permanent Portfolio" advocated by Libertarian presidential candidate Harry Browne but Dalio took out the "gold" component and replaced it with "treasury inflation protected securities."
Circa 2000 I bought a lot of TIPS and they did very well despite there being little inflation. Dropping interest rates had something to do with it, but I still don't understand exactly why they did so well.
(My stockbroker fired me as a client because I went to a presentation and asked why I needed the product they were selling when I bonds were yielding so well and had all the tax benefits they had)
I don't know how TIPS will do now, but I am sure that getting into TIPS at the right time is part of why Dalio is a legend. Maybe these days he thinks gold is better than TIPS.
Re: What I Think of Bitcoin
#3I offer no commentary on the actual content, but this is a truly horrible piece of writing - almost every sentence is clunky, poorly phrased, ungrammatical, or repetitive. I guess you don't need to be able to write decent prose to make $18B!
Re: What I Think of Bitcoin
#4I offer no commentary on the actual content, but this is a truly horrible piece of writing - almost every sentence is clunky, poorly phrased, ungrammatical, or repetitive. I guess you don't need to be able to write decent prose to make $18B!
What a boring comment. Unfortunately, this comment reveals more about you as a person than it does about Ray Dalio for putting out that article. Too bad writing pessimistic comments about others on HN doesn't earn you any money, otherwise you could have made some too!
I'd love it if your comment could raise the same point as you did, but also include examples of the poor sentences and how it could be better. Then at least we could have learned something. Instead you went for the shallow dismissal. Boring.
Re: What I Think of Bitcoin
#590% of the time Ray Dalio has an interesting opinion and good analysis, and he does this here. I did an analysis based on the same premise (Bitcoin competes with gold) and came to basically the same conclusion. Dalio's writings about how the "All Weather" fund works are based on a premise a lot like the "Permanent Portfolio" advocated by Libertarian presidential candidate Harry Browne but Dalio took out the "gold" co…
> (My stockbroker fired me as a client because I went to a presentation and asked why I needed the product they were selling when I bonds were yielding so well and had all the tax benefits they had)
That's interesting the broker didn't want to sell any other products to you.
> I don't know how TIPS will do now, but I am sure that getting into TIPS at the right time is part of why Dalio is a legend. Maybe these days he thinks gold is better than TIPS.
I think Buffett has also recommended TIPS.
Re: What I Think of Bitcoin
#6Here Ray Dalio says he views Bitcoin as a gold-like asset.
This is the first time I have felt that Bitcoin has some value: as a commodity that wealthy people put their wealth into when they have nothing better to do with it. People are not buying gold because they ever plan to use the gold.
Re: What I Think of Bitcoin
#7I offer no commentary on the actual content, but this is a truly horrible piece of writing - almost every sentence is clunky, poorly phrased, ungrammatical, or repetitive. I guess you don't need to be able to write decent prose to make $18B!
Nor becoming president.
It seems humanity is on firesale this days.
Re: What I Think of Bitcoin
#8I offer no commentary on the actual content, but this is a truly horrible piece of writing - almost every sentence is clunky, poorly phrased, ungrammatical, or repetitive. I guess you don't need to be able to write decent prose to make $18B!
I don't downvote, so none of the downvotes are from me, however instead I'll try to learn: what examples would you consider as well-written in comparison?
So far from what I've read, it's extremely well-written; the repetition is to drill in specific points - just take it for that and not be annoyed by it, as it's not done in an annoying way - at least for how far I've read through so far.
Re: What I Think of Bitcoin
#9I offer no commentary on the actual content, but this is a truly horrible piece of writing - almost every sentence is clunky, poorly phrased, ungrammatical, or repetitive. I guess you don't need to be able to write decent prose to make $18B!
What a boring comment. Unfortunately, this comment reveals more about you as a person than it does about Ray Dalio for putting out that article. Too bad writing pessimistic comments about others on HN doesn't earn you any money, otherwise you could have made some too! I'd love it if your comment could raise the same point as you did, but also include examples of the poor sentences and how it could be better. Then at…
The fact that you chose to comment on a "negative comment" simply by stating that it is "boring" and "pessimistic" is pretty funny.
Re: What I Think of Bitcoin
#10Here Ray Dalio says he views Bitcoin as a gold-like asset. This is the first time I have felt that Bitcoin has some value: as a commodity that wealthy people put their wealth into when they have nothing better to do with it. People are not buying gold because they ever plan to use the gold.
For the wealthy, it's truly a hedge or an insurance policy. Even if America and the dollar collapses, bitcoin will keep the elites rich.