Looking for my (contrarian) Tribe

[UK Man]

Hi fellow expats, my name is Mike. I'm looking to meet some people that are interested in contrarian economics, bitcoin, equities hedging, fiat alternatives etc.
Basically, looking to form a real-life discourse with people that go against the grain of official narratives whether they be societal or economic.
Few examples - we could each pick an article/editorial and review as a group, or talk investment/portfolio strategy or we just all get together and drink too much coffee and or wine, maybe both.
pm me if interested.

Sounds fun.....only wish I knew what it all meant.

 

[Pierre Smith]

"Contrarian economics"? If you're in Argentina, you don't need to look very far to find people who passionately believe in the exact opposite of the basic laws that have governed economic transactions since the dawn of humankind. Many have been elected to the Senate! You should hang around on Avenida Entre Ríos outside the Congreso on most weekdays, you'll meet all sorts of people who fit your description.

 

[Ronnie Hotdogs]

View attachment 7435

Stage 6
Regret?

 

[gracielle]

Great idea. There used to be a group meeting in Alto Palermo shopping until the virus hit - sounds like they would welcome your input, when they meet again.

Coffee Chat on TUESDAY, June 7 at MAWII in Palermo

Neil and I invite you to join us at a NEW indoor location in Palermo. Winter schedule: 4:00pm - 6:00pm at MAWII, in the upstairs loft area. https://mawii.negocio.site/ Come and join English-speaking expats for lively and informative conversations. Share your experiences with the group. Meet...

baexpats.org

 

[Reply Guy]

Stage 6
Regret?

It's funny how the nocoiners always come out when Bitcoin takes a dip. The first time that Bitcoin was mentioned on this forum was Nov 2013. The price was around $400 at that time. You would have 60x your money at the current prices - even with the current drawdown.

I'm sure in 5 years when Bitcoin drops from $400,000 to $100,000, Ronnie Hotdog will be there to tell Dougie what a bad investment Bitcoin is.

 

[Ronnie Hotdogs]

It's funny how the nocoiners always come out when Bitcoin takes a dip. The first time that Bitcoin was mentioned on this forum was Nov 2013. The price was around $400 at that time. You would have 60x your money at the current prices - even with the current drawdown.

I'm sure in 5 years when Bitcoin drops from $400,000 to $100,000, Ronnie Hotdog will be there to tell Dougie what a bad investment Bitcoin is.

If it’s $400,000 I’ll gladly come on here and say I was wrong.

 

[FrankPintor]

It's funny how the nocoiners always come out when Bitcoin takes a dip. The first time that Bitcoin was mentioned on this forum was Nov 2013. The price was around $400 at that time. You would have 60x your money at the current prices - even with the current drawdown.

I'm sure in 5 years when Bitcoin drops from $400,000 to $100,000, Ronnie Hotdog will be there to tell Dougie what a bad investment Bitcoin is.

It's funny how the shills and evangelists only come out when Bitcoin takes a lurch upwards. They're not coming out now. Dougie's comment is rather funny to read at this point.

And it lurches upwards, not for any rational reason, but because of some random comment by Musk shilling for Doggycoin or whatever it's called, trolling investors and breaking the law as usual. Bitcoin takes a dip when reality sets in.

The fundamental problem is that Bitcoin isn't scalable, it can't be made to do what SWIFT does without breaking the planet's electricity grids, and even after all the yakking about "proof of stake" instead of "proof of work", has anything been done to solve this problem?

Hint: Dougie's comment wasn't made in 2013, Did you invest then? Could you have? Mt. Gox crashed in 2013. And got hacked if I remember correctly. If you had invested you would probably have taken a bath. The evangelism grates on one's nerves after a while.

I hear you can't even get your Bitcoins out of Binance now.

 

[Reply Guy]

I invested in 2017 when Bitcoin was around $1,000, it's now at $23,000. It's been the best performing asset of the last decade. Many Argentine I know have been involved in the Bitcoin and Ethereum community for many years as well.

In 2014 Santiago Siri, a famous Argentine Ethereum developer suggested that the Argentine Central Bank put 1% of their reserves in Bitcoin. Wences Casares is another that has been championing Bitcoin since the early 2010s.

You may not like it, you may not understand it, but you can't deny that it's long term performance as an investment.

Not your keys, not your coins. Don't store crypto assets on exchanges.

 

[Reply Guy]

If it’s $400,000 I’ll gladly come on here and say I was wrong.

And if it's below $100,000 in 5 years, I'll eat crow!

 

[FrankPintor]

I invested in 2017 when Bitcoin was around $1,000, it's now at $23,000. It's been the best performing asset of the last decade. Many Argentine I know have been involved in the Bitcoin and Ethereum community for many years as well.

In 2014 Santiago Siri, a famous Argentine Ethereum developer suggested that the Argentine Central Bank put 1% of their reserves in Bitcoin. Wences Casares is another that has been championing Bitcoin since the early 2010s.

You may not like it, you may not understand it, but you can't deny that it's long term performance as an investment.

Not your keys, not your coins. Don't store crypto assets on exchanges.

But it's not an investment. And it's not a store of value. It's a wild casino rollercoaster ride where the value changes for random reasons or insider manipulation, or some "influencer" on Instagram or TikTok. You got lucky, there's nothing more to it than that, and many others didn't get lucky. It's like saying, I bet on red at roulette and I won the jackpot, you should do that too...