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If you buy potatoes to eat, or even really to turn into french fries and sell, its an input. If you buy them to HODL because you think potato options are going
by ada1981 9y ago
If you buy potatoes to eat, or even really to turn into french fries and sell, its an input.
If you buy them to HODL because you think potato options are going to bring you a return, it's an investment.
If you've invested in a global, decentralized game of hot potato, well, that's crypto ;)
- gus_massa 9y agoIf you are going to HODL, buy soy or corn or other cereal, potatoes rot too easy. [This is not financial advice!] Somewhat related: A few years ago, in Argentina it was usual that the farmers keep most of their production of soy in big long bags in the field, because if they sold them they only could get pesos and with a 30% annual inflation it was better to keep the grains and sell them when they need to buy something. (In Spanish) https://es.wikipedia.org/wiki/Silo_bolsa https://es.wikipedia.org/wiki/Silo_bolsa autotranslation https://translate.google.com/translate?sl=es&tl=en&js=y&prev=_t&u=https%3A%2F%2Fes.wikipedia.org%2Fwiki%2FSilo_bolsa&edit-text=&act=url https://translate.google.com/translate?sl=es&tl=en&js=y&prev...
- drusepth 9y agoThanks a ton for the financial advice. Gonna cash out my 401k to buy massive quantities of cereal for hodling.