3 ms·

sure, but let's say that you're in Turkey, and very worried about your currency devaluating 17% every year. Does putting your money in something that can deval

• mavhc 5y ago
  As long as you can wait long enough it should always go up, because there's 3 built in methods of deflation. Which also means you should never sell bitcoin.
  • almost_usual 5y ago
    So you should never use your wealth in the best case scenario. What’s the point?
• gojomo 5y ago
  If you're interested in a long-term hedge, and all the 30% down-days are eventually offset by a soild long-term up-trend: yes, sure, why not? If asset A reliably loses 4% of its value per year, in a totally-predictable straight-line, and asset B has wild up- and down-swings, but over years reliably delivers 25% appreciation per year - asset B is better, unless you'll be forced to urgently sell at unpredictable times. (And if you can find a basket of uncorrelated B-like assets, all the better!)