One sector of the stock market I’m keeping my eye on is cannabis. In 2018 & 2019 we saw cannabis stocks surge and a bit of a mania surrounding legalization in many states. Most cannabis stocks have fallen significantly since, some down over 95% from their highs. To me this is worth investing a little capital into.
#cannabis #riskreward
Recordkeeping violations, missing deposits, and fake customer accounts along with a systemic banking crisis… Wells Fargo is probably not the best place to store your wealth.
#Bitcoin #bankingcrisis #wellsfargo
Warren Buffet says buy treasuries, according to CNBC. He says they are the safest place to be. While treasuries in the short term may be better than just sitting in cash, I disagree with Warren Buffet. For one,
Bitcoin, gold, art and other assets with no/minimal counterparty risk are safer. Secondly, what’s the end game with this debt. Who will loan the government dollars when there is none left? They’ll either loan themselves the money (printing, devaluing debt) or you’re just not getting paid back, straight up.
#bitcoin #treasurieswillblowuponeday
If the money was in the bank, there would be no bank runs, plain and simple
#brokensystem #bitcoin
Banks are becoming outdated. The physical banks we have today were designed to provide physical protection of money (Sidenote: and to loan your money out, instead of storing it for you). Robbing a bank is now something that is done digitally. Neither banks nor many of our traditional institutions are equipped to handle the cyber attacks, that will continually become more difficult to defend against. Checks are not a secure way to send money, and hackers are accessing bank accounts more easily.
#banking #anachronism
Do you look at Bitcoin as an investment or money?
#bitcoin #investment #money
Do you ever just zap yourself
#feelingzippy #justatickle #zap
Went to buy some nice casual shoes after work last Friday. Some of the shoes I remember being under $100 a couple years ago were listed above $200! After about an hour I left the mall, and just decided to buy more Bitcoin. My shoes are fine.
#bitcoin #inflation
The 21st Century is the century of mobility. The power to leave is becoming more and more evident. The internet is providing individuals with more opportunities to learn and finance themselves. The disruption of traditional institutions will continue. Will they adapt or die, that’s for them to decide.
#Bitcoin #internet #information #mobility
One of the most impressive aspects of Bitcoin is the way in which it magnetizes the public eye. Some of the most successful brands today don’t advertise their products. Two that come to my mind are Tesla and In-N-Out. When you have a great product the customers will do the advertising for you. Bitcoin, although not a product, has a similar effect. Those who buy in are incentivized to grow the network. As the Bitcoin network continues to grow it becomes harder to ignore. As members of the network learn more they are more convicted in their choice to be here.
#Bitcoin #magnetism #networkeffect
