---

Civilize the mind, but make savage the body.

- Chinese proverb

Did you buy them from this guy?

---

Chris
*********************
“Life should not be a journey to the grave with the intention of arriving safely in a pretty and well preserved body, but rather to skid in broadside in a cloud of smoke, thoroughly used up, totally worn out, and loudly proclaiming "Wow! What a Ride!”
― Hunter S. Thompson,

My kid has gotten into it. No joke. He’s 19 and has made a few thousand dollars in a couple weeks. I’m not sure how I feel about it. He’s not sophisticated; but he’s got nothing to loose.

Let it ride I say

Are you paying for the electricity?

And grocery’s and insurance and and and ....

He’s not mining. He’s day trading.

Is he truly day trading (ie he closes out all his positions when his session is done) or is he holding? There is a pretty big difference. Also is he being rational or irrational, ie does he think it can only go up up and up? Crypto might be the perfect learning platform as you can actually do it without incurring any fees or time for money settlement. If doing it as a day-trader and closing all position and trading on technicals I would say that is probably a valuable learning lesson. If he understands it is a game of musical chairs with holding probably fine too as long as he understands that. If he thinks it can only go up up and up and he can't be burned that is bad, but the good news is you learn quickly when you make mistakes.

Fwiw, never in my life have I seen such an irrational group of investors. I saw someone compare crypto to buying a share of Apple today. I saw someone else post about what ***big ticket*** car they were going to buy. Like buying a big ticket car is 1) going to make you happy, 2) a reasonable investment alternative if you make a bunch of ***free money***.

---

---

Save: $50 on Speed Hound Recovery Boots | $20 on Air Relax| $100 on Normatec| 15% on Most Absorbable Magnesium

Blogs: Best CHEAP Zwift / Bike Trainer Desk | Theragun G3 vs $140 Bivi Percussive Massager | Normatec Pulse 2.0 vs Normatec Pulse | Speed Hound vs Normatec | Air Relax vs Normatec | Q1 2018 Blood Test Results | | Why HED JET+ Is The BEST value wheelset

Thanks for your thoughts on this. There is a crazy hysteria about this. I see my boy getting caught up in it and stand by waiting for the other shoe to drop.

I think my job is to pick him up should he get knocked down. I guess I’ve got a young man with a high tolerance for risk. Same damn male behavior I displayed at his age.

I still don’t get it. Ok, electronic currency. Limited available to be accepted as payment, which by definition doesn’t really make it a currency- yet. Regardless, why is it so much stronger than the dollar? More importantly, why is it stronger than the dollar relative to every “real” currency on the planet?

That is a much longer discussion than I am prepared to have tonight. By and large I am never a bull or bear as you can win every which angle with the right time horizon but I do try to pay attention and look at both sides. What I have noticed is the believers are true believers and believe this can go no where but up, which is a very scary situation to be in. They are what I would classify as ignorant and ignorance can be bliss. As I said in an earlier thread on cryptos, I think there is space for true digital currency that isn't tied to government as a sort of "world" currency. I am not sure if it will come out of this iteration of cryptos - it might. We aren't out of the first inning in the crypto space, I think only one strike has even been thrown in this game. Needless to say I'm looking forward to seeing where this goes.

I talked to my best friend about it last night, he has been investing since he was 8 when you needed your parents for everything and things traded in fractions. He doesn't need any money, successful orthro surgeon, and is taking his family to Dubai next month with some proceeds. I asked him his thoughts and it was purely a speculative bet on others pushing the price up. Those are the type of crypto investors I like to see. They understand there might not be a chair someday. Sadly, it is the ones that don't understand that usually fail big time and they will likely become a lifetime of non-investors which hurts society as someone will have to pick up the slack for their lack of discipline.

The good news is we only need to wait about a month for this to take another step forward.

---

---

Save: $50 on Speed Hound Recovery Boots | $20 on Air Relax| $100 on Normatec| 15% on Most Absorbable Magnesium

Blogs: Best CHEAP Zwift / Bike Trainer Desk | Theragun G3 vs $140 Bivi Percussive Massager | Normatec Pulse 2.0 vs Normatec Pulse | Speed Hound vs Normatec | Air Relax vs Normatec | Q1 2018 Blood Test Results | | Why HED JET+ Is The BEST value wheelset

Can you please expand on that? Is there a particular crypto event happening soon, or is that time frame just based on past volatility?

Thanks.

---

---

"100% of the people who confuse correlation and causation end up dying."

I just meant, everything is moving so quickly in this space. And to be clear I am following this from a very high-level and more of the sociology aspect of it, although true value-investing has been a life long passion of mine as a hobby. Crypto is certainly NOT value investing. Also as a self-reflection lesson I have been putting my own thoughts on here: http://www.bitcoin-bear.com/ although the thoughts are pretty raw. Today I wrote about transferring monies out of the prevailing noob system GDAX / Coinbase into Binance. I just had to see what it is like, concerns, risks, transaction time, delays, failures, successes, fees, and any other gotchas etc. It is my nature to play around with things as way to learn what works, what doesn't, what might stick around, what won't

But yes, there has been a shift it seems away from the biggies as of late into ALTs but this is moving so fast, so unregulated, pump and dumps everywhere, I really don't suggest anyone to play with it. It can change in a minute. A family member asked me for second time last night and I had to tell him he is playing hot potato. His response was, "I am playing with small potatoes". My personal philosophy is I would rather be the casino than gambler. That means owning exchanges, infrastructure etc but people just love to gamble.

---

---

Save: $50 on Speed Hound Recovery Boots | $20 on Air Relax| $100 on Normatec| 15% on Most Absorbable Magnesium

Blogs: Best CHEAP Zwift / Bike Trainer Desk | Theragun G3 vs $140 Bivi Percussive Massager | Normatec Pulse 2.0 vs Normatec Pulse | Speed Hound vs Normatec | Air Relax vs Normatec | Q1 2018 Blood Test Results | | Why HED JET+ Is The BEST value wheelset

This whole space is going to zero in the long run.

Everything goes to zero in the long run depending on how long you wait, except for taxes!!!. However, the long run is sometimes very long, I don't see bitcoin going to zero, some people will always hold on to "hope" even though it is "not a strategy". If Bitcoin returns to 1c someone will be there to buy it because they once saw it at nearly 20k and it must be a screaming deal.

---

---

Save: $50 on Speed Hound Recovery Boots | $20 on Air Relax| $100 on Normatec| 15% on Most Absorbable Magnesium

Blogs: Best CHEAP Zwift / Bike Trainer Desk | Theragun G3 vs $140 Bivi Percussive Massager | Normatec Pulse 2.0 vs Normatec Pulse | Speed Hound vs Normatec | Air Relax vs Normatec | Q1 2018 Blood Test Results | | Why HED JET+ Is The BEST value wheelset