Charlie Munger, Buffett's long-time partner and vice chairman of Berkshire Hathaway, died on Tuesday at the age of 99. Regardless of his stance on Bitcoin (the aphorism-loving, bitcoin-hating sage behind Warren Buffett), with Munger’s passing, this is definitely the end of an era. I loved listening to him talk and I still own every edition of Poor Charlie's Almanack.If people investing in Bitcoin consider themselves investors, then they should consider what Munger and Buffett are doing, as they are the ultimate long-term holders.Munger is known for his significant contributions to the investment community and his work with Buffett at Berkshire Hathaway. At the same time, he is also one of the most outspoken critics of Bitcoin and cryptocurrencies."New financial...
Millennials are turning to alternate investments amidst economic distress, with 43% of them making different financial investments between October 2022 and March 2023. One of the most preferred different investments among millennials are cryptocurrency, collectibles, and gold. The uncertainty of the securities market and the capacity for loss have actually led millennials to look for diversity through alternative investments.
2013-14 bull market featured alt coins and gpu mining. 2017-2018 featured ETH, ICO's and to some degree forking. 2020-2022 was NFT's and ETH layer 2's or alternative chains. Where do we go next? Maybe as I said before,Bitcoin is the Lord of the Rings. When I started with crypto in 2013 I was taking a small gamble as I was (relatively) young and in good health. I was single, living paycheck to paycheck and managed to scrap together money to acquire some mining rigs. I've never exited since. The mining rigs turned inefficient and were shut down around 2019. Currently I'm an old man with a considerable amount of my individual wealth still invested. 90% of the tasks I've...
Buffett, the most successful investment tycoon, once said: "If the world's gold were melted together into a square, its side length would only be about 20 meters." Is there really so little gold in the world and is it so difficult to mine gold just as mine bitcoin with t9 antminer? How much gold is currently mined worldwide? Since ancient times, humans have been very familiar with gold. It is one of the earliest metals discovered and used by humans. There are written records of the production and use of gold in ancient Egypt. During the Warring States Period in my country, gold was circulated among the upper classes. Gold has been used by humans to this day. It has a...
Bitcoin experienced roller coaster price fluctuations from 2017 to 2018. as the country regulated Bitcoin trading venues, stopped ICO, and Bitcoin China stopped users Registration and other events, the price of Bitcoin began to plummet. Subsequently, with the launch of Bitcoin futures by the Chicago Mercantile Exchange in the United States and the introduction of the Japanese government's loose policy towards Bitcoin, Bitcoin began to have calls for developing into a "future currency". The price of overseas Bitcoin once approached US$20,000, and recently it has Hit back the $10,000 mark. At the same time, various doubts or admiration views on Bitcoin have begun to permeate the market. In the context of global currency inflation, frequent asset bubbles, and competition among...
