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Post subject: Re: bitcoin, the blockchain, and cryptocurrency
Posted: Tue March 08, 2022 6:32 pm
Production Police
Joined: Tue September 24, 2013 5:56 pm Posts: 47035 Location: In the oatmeal aisle wearing a Shellac shirt
--- wrote:
tragabigzanda wrote:
Its view as a hedge and its performance as a hedge are two different things.
i don't pretend to know what exactly it is yet, all i know is i'm treating crypto a bit like a lottery at this point
too many dependencies and too easy to control on/off ramps to be a true hedge, at least for my taste
tragabigzanda wrote:
4/5 wrote:
4. Inflation hedge?
It's certainly demonstrated its ability to do this, but at $65K/btc, only the wealthiest investors are able to make that play to a meaningful extent, I'd think...
My guess is that Eth-derivative alt-coins could also serve as an inflation hedge, but they're just so volatile. An ETF would probably serve as the better hedge.
Obvi BTC has dropped dramatically from $65K but still...
Post subject: Re: bitcoin, the blockchain, and cryptocurrency
Posted: Sun March 13, 2022 3:01 am
NEVER STOP JAMMING!
Joined: Sun September 15, 2013 5:50 am Posts: 22302
--- wrote:
BurtReynolds wrote:
It hasnt been around for long, but as far as I can tell crypto is roughly correlated with the stock market. It's not a hedge.
smart man
basically tech sector equities
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Post subject: Re: bitcoin, the blockchain, and cryptocurrency
Posted: Sun March 13, 2022 3:02 am
NEVER STOP JAMMING!
Joined: Sun September 15, 2013 5:50 am Posts: 22302
buckle up bois
_________________ All posts by this account, even those referencing real things, are entirely fictional and are for entertainment purposes only; i.e. very low-quality entertainment. These may contain coarse language and due to their content should not be viewed by anyone
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