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Bitcoin. But seriously I do agree — despite it being loved by PF/FIRE crowd — parking all your assets in Index funds with no other competitive option is terrif
by gazelleeatslion 6y ago
Bitcoin.
But seriously I do agree — despite it being loved by PF/FIRE crowd — parking all your assets in Index funds with no other competitive option is terrifying.
- TheAdamAndChe 6y agoBitcoin is 100% speculative. It has no utility. You can't build with it. The fees make using it as fiat prohibitively expensive. I agree that it will likely go up. I'm actually in the process of testing software I made to predict and exploit its movement. But since it's just speculative, it will also eventually go down hard like it did in 2018.
- gazelleeatslion 6y agoWas being sarcastic. ETF = risk-adverse and Bitcoin = exact opposite. Whole point was there is no competitive option to an ETF (and that is obviously not bitcoin)
- TheAdamAndChe 6y agoAh, thank you. Sarcasm is hard to read in text. I've seen a lot of people use "/s" to signify sarcasm, but I don't know how universally recognized it is.
- justinmeiners 6y ago> it has no utility. You can send money anywhere in the world in any amount for a flat fee. It provides an asset with a fixed supply to prevent against inflation. these provide plenty of utility What you may mean is that it doesn't generate earnings/cash flow so it's not a productive investment.