Header
Sidebar

Up next


News: I Want It All! (Morning Constitutional)

129 Views
T.F. Monkey
268
Published on 03 Nov 2019 / In News & Politics

Social Media Links:
SubscribeStar: https://www.subscribestar.com/tfmonkey
Patreon: https://www.patreon.com/turdflingingmonkey
DLive: https://dlive.tv/TFMonkey
MGTOW.TV: https://www.mgtow.tv/@TFMonkey
Bitchute: https://www.bitchute.com/channel/SdA7JwX9dfhl/
Bitchute Referral Link: https://www.bitchute.com/accou....nts/referral/turd-fl
Discord Username: Turd Flinging Monkey#1892
Instagram (Celestina): https://www.instagram.com/celestina_monkey/
Main YouTube Channel (TFM): https://www.youtube.com/c/turdflingingmonkey
Alternate YouTube Channel (Celestina): https://www.youtube.com/channe....l/UClRIx5Yp0CZTCJz7P
Want to be a guest? Email Aeroshogun at aeroshogun@gmail.com or join the Monkey Business discord server (link above).

https://nypost.com/2019/10/23/....millennials-only-mak

Intro Music (TFM Show): "Fling My Turds II: Rise of Celestina” by Red Pill Chemist
Outro Music (TFM Show): “Sweet Corn Love” by Anonymous Artist
Intro/ Outro Music (TFM 42O): Intro/Outro Music: "A Clockwork Monkey" by DarkStar.
Background Music (TFM Show): https://www.youtube.com/watch?v=ewzvZ3-3vrg
Monkey Image: "Male chimpanzee in business clothes - Stock image" by Lise Gagne. Licensed from Getty Images. Animated Newsroom by rpancake. Licensed from Shutterstock.

Sponsor Links: https://www.patreon.com/posts/sponsor-15531523

Show more
comments
2 Comments sort Sort By

Paul Stanner
Paul Stanner 14 days ago

Fecal Flinging Simian isn't this the same generation that overwhelmingly supports Socialism ? I wonder how much she'll have after Bernie and Liz takes their cut.

   0    0
GloomyOwl
GloomyOwl 14 days ago

Jokes on you. BTC is at 9K and going up.

   0    0
MrA_H0Ie
MrA_H0Ie 13 days ago

No, TFM was right just before BTC peaked at 20k. And I commented to that video on YouTube that he's right that everyone should sell at the start of december. What he wasn't right about was when he said it makes no sense for BTC to be worth more than gold. I told him that but he doesn't understand what's the internal value of BTC.

   0    0
MrA_H0Ie
MrA_H0Ie 13 days ago

Here's a copy of some of those comments: PARENT COMMENT [by Nightmare Kurumi] idk.. i made about over 10,000 in less than a month just constantly buying/selling. ofc a risk but it works. CHILD COMMENT [by Turd Flinging Monkey] count yourself lucky, like those who flipped houses before the housing bubble burst in 2008. CHILD COMMENT [by Mr A-H0Ie] TFM, you're wrong about this one. Yes it's a bubble, so people who own it should sell it now and then BTFD, but investment tactics and strategy is not based on luck. Whether you earn or lose depends on your data research methods and your understanding of mathematics and psychology. Cryptos are still a high volatility asset, and that's what makes it possible to earn big and lose big on them. If you invest you need to diversify into different industries anyway to make sure you don't lose everything when one of your highly volatile investments goes to shit. But high volatility (like new tech) allows for various strategies to make more profits vs low volatility assets. Now selling bitcoin and then buying when it drops is most likely a good long term decision. I plan to buy after the bubble and since it's so volatile I'll buy and sell as it goes up and down. But this is only my strategy, one can use others, like the buy and hold, either with single heap investments of regular investments. You just adjust your entry and exit prices to your strategy. The second big mistake you make, and this one is massive, that you position any importance on the value of one unit of anything so much that you believe it shouldn't be worth more than an arbitrary unit (ounce) of another asset, when in reality all units of anything are arbitrary. It makes absolutely no sense to think that way about arbitrary units. What you have to check to know how much worth an asset SHOULD be is the amount of it worldwide (scarcity factor), how it is used and why do people want it. Supply and demand sets the prices. The supply of both gold and bitcoin is VERY scarce, but the demand is rising more to buy bitcoin than to buy gold. The size of one unit is chosen by a human decision. One ounce or one unit of bitcoin could be defined as big as the authority defining that unit wanted (it was a free choice to make the ounce weigh 31 g). Just because it's one unit it makes no sense to believe that one unit of one asset should not be more worth than one unit of another. Please don't get offended by the following. I'm trying to demystify this mistake. I have a hunch that you can't focus on the meaning of what I write because you got emotional about it in the video, so I'll try and give you an example why your constraint doesn't make sense. Think of this. Imagine that the amount of bitcoin to be reached in total would not be 21 million but only 21 thousand world wide, and they would have started back at the beginning with a total of about 2 instead of 2 thousand bitcoins worldwide. In that imaginary case the value of bitcoin would have been exactly 1 thousand times more than it was throughout it's history, just because there would have been a thousand times less of it, which could have happened based on arbitrary human decisions. The value of a unit is based on the supply of the commodity. But that doesn't change anything, it's just the decimal point moved when you count your assets and convert them to other assets. I hope I was able to explain this well.

   0    0
MrA_H0Ie
MrA_H0Ie 13 days ago

Here's another one I posted under the same video (Monkeynomics 101: Don't Get Bit) You're definitely right that many people will lose money on Bitcoin, but it's because they act on emotions, and don't know how to calculate risk. You're right that there was a bubble of Bitcoin around Dec 8. But you overestimated how bad it was. I predicted in the comments under this video that it would fall by 30 - 40% maybe half the price after the 18th, and that's exactly what happened. You believe that for Bitcoin the 7 year average doubling every 200 days is a bubble. Fact is that gold is already known to everyone, so for it's value to rise there's no need for spreading information and raising trust in it. It's established. Bitcoin is new, at start nobody knew about it, so it was VASTLY undervalued. As the trust of people grows and as more people get "the memo" that it exists, as the system learns to deal with fraud, the market capitalisation grows. That's it. That's why it does make sense that it doubles every 200 days on average, which could not be done with any established asset, like gold, because it's already established - there's nowhere to grow except to counteract inflation. Bitcoin or any crypto currency is in the research phase, the bleeding edge phase. It's in the starting phase of developement. With every day of work to improve it, the value does rise. It's common sense. That segways to one of your other mistakes, that Bitcoin would not be good for anything else than for payment. The research and developement that goes into the blockchain tech is the main asset that is created by crypto currencies. That tech is of massive value. Already many large institutions started developing their own version of blockchain for many applications. Many of those have nothing to do with payment. That underlying tech is the main value of Bitcoin, and this is why the trust in it grows. Next mistake. The unit of each asset is arbitrary, so it makes no sense to say one should not be more worth than the other. Gold could be measured in grams, that has no influence on the market capitalisation, but the price would be 31 times lower for a unit because a gram is that much less than an ounce. Same goes for Bitcoin. What counts is the market capitalisation - how much is the value of all of it in the world. This is why it makes no sense to say that one unit of Bitcoin should not be more worth than one of gold. You can trade off the grid with gold, but that trade will be extremely slow. Everything does have trade offs. You can not hack a private address on a piece of paper in a physical vault. For long term investors that's the best way to store crypto currencies. For traders, gold and Bitcoin are both traded on exchanges, they don't trade physical gold from their vault at home. They trade the ownership code, just like with Bitcoin, except possibly with worse safety than with Bitcoin. Both assets do have some advantage against the other. They are not in the same asset class, mainly because of the highly volatile nature of Bitcoin based on the progress of it's developement.

   0    0
MrA_H0Ie
MrA_H0Ie 13 days ago

TFM uploaded "Monkeynomics 101: Don't Get Bit" to YouTube on 8 Dec 2017. He was pretty much dead on about the peak, it happened just a few days after his upload. He warned people to sell BTC. At the time I modelled the behaviour of BTC by a linear OLS of its logarithmic value. That resulted in about 200 days doubling time on a 7 year trend. Since then I vastly upgraded my analytics. My new system allows for saturation of the market, 10 different models, best fit of 10 used, so the growth rate of the models I use isn't static. Based on the best long term fit we have now a value of BTC around the expected level, not higher, not lower by much. So, if you invest short term, I wouldn't recommend to buy, I'd recommend to wait for a little dip (20-30%) but I don't recommend short term trading. If you plan long term, the price now is alright, but never go all in. Always diversify into various assets, and keep some liquidity just in case you can BTFD.

   0    0
Show more

Up next