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<blockquote data-quote="cosine" data-source="post: 1515977" data-attributes="member: 10363"><p>This analogy made me even more bullish on BTC:</p><p></p><p>With stocks, particularly IPO's, the Warren Buffetts of the world get to simply purchase before the little guy can. Buffett bought a pile of Snowflake stock <em>before </em>it IPO'd, but after it was announced. That isn't some investor-genius trade, that's an obvious trade and not available to the general population. If you try to follow his purchases of Apple, Goldman Sachs, Snowflake, etc, you will <em>always </em>get worse terms than he does. With Apple, they gave him preferred shares. With GS, they gave him amazing terms.</p><p></p><p>Cryptocurrencies are flipped. Joe Nobody can buy cryptocurrencies before financial institutions -- it is taking Wall Street forever to get past the regulations. The financial institutions have to buy in after the little guy has a chance.</p></blockquote><p></p>
[QUOTE="cosine, post: 1515977, member: 10363"] This analogy made me even more bullish on BTC: With stocks, particularly IPO's, the Warren Buffetts of the world get to simply purchase before the little guy can. Buffett bought a pile of Snowflake stock [I]before [/I]it IPO'd, but after it was announced. That isn't some investor-genius trade, that's an obvious trade and not available to the general population. If you try to follow his purchases of Apple, Goldman Sachs, Snowflake, etc, you will [I]always [/I]get worse terms than he does. With Apple, they gave him preferred shares. With GS, they gave him amazing terms. Cryptocurrencies are flipped. Joe Nobody can buy cryptocurrencies before financial institutions -- it is taking Wall Street forever to get past the regulations. The financial institutions have to buy in after the little guy has a chance. [/QUOTE]
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