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I guess remind me in 10 years and we'll see how returns on crypto compares to 'stocks, hard currency, gold, silver, luxury watches' Funny how all of those thin
by trixie_ 6y ago
I guess remind me in 10 years and we'll see how returns on crypto compares to 'stocks, hard currency, gold, silver, luxury watches'
Funny how all of those things are not supply constrained, so they seem to be at a disadvantage from the start. But we'll see.
- umanwizard 6y agoI didn’t mention “possibility of high returns” as a metric. I said “low volatility”.
- optimalsolver 6y ago>I guess remind me in 10 years and we'll see how returns on crypto compares to 'stocks, hard currency, gold, silver, luxury watches' You're literally supporting the argument of the person you're replying to without even realizing it. Disproportionately high returns indicates a highly volatile asset, and it's just as likely to go the other way, resulting in staggering losses. These are not markers of a good, long-term storage asset class.
- alphabettsy 6y agoI think you misunderstand a store of value. Extremely volatility is not a positive characteristic. Would you want to be paid in a currency that regularly changes value 5-10% day to day?