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While cryptocurrencies have been great (so far) for speculation, give how quickly their worth changes they make a pretty poor store of wealth. I'd prefer my cas
by agrajag 9y ago
While cryptocurrencies have been great (so far) for speculation, give how quickly their worth changes they make a pretty poor store of wealth. I'd prefer my cash to be worth in 1 year roughly the same as it's worth today.
- imaginenore 9y agoOh, those poor bitcoin/ethereum holders, they only gained a few hundred/thousand percent in the last couple of years.
- Avshalom 9y agoAnd if all you ever do is hold on to them your high score looks great, the problem is that if rent comes due in USD in the middle of a down swing. What was 1M usd is now 100K usd and rent is now 1-2% of your bitcoin instead of .1-2%, if you get unlucky a few times that can start eating your holdings real quick. Medium to long term growth only matters in assets you won't need to spend in the short term.