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Nonsense. Why would any sane person move a large part of their assets into something as volatile as crypto? If you want to protect yourself against inflation, b

by mn678 5y ago

Nonsense. Why would any sane person move a large part of their assets into something as volatile as crypto? If you want to protect yourself against inflation, buy real estate or equities if your time horizon is long enough. Even fixed income once rates are a bit better. But for the average person please stay clear of crypto!

pskiba 5y ago
If your time horizon is long enough, volatility shouldn't matter. Historically speaking Bitcoin is getting less volatile with every market cycle. I would not be surprised if in the future its volatility is comparable to the S&P500. Why would any sane person invest in real estate? You have maintenance costs, property taxes, it's not liquid and you can go years with little growth. Not to mention if your area see's hard economic times (i.e. Detroit), the chance of a rebound is slim.
- unethical_ban 5y ago
  I can live on land. I can't live on a string. You also ignore the premise being put forth, that Bitcoin as a currency still isn't ideal. You don't think "long term investment" with currency so much as short to medium term. Like, will bread and milk cost 10x as much next week? "Stop thinking investment and start thinking survival" might be a good way to put it.
  - pskiba 5y ago
    The original comment was about protecting yourself against inflation. Not sure how your comment is related.
    - unethical_ban 5y ago
      Ah. I got subthreads confused.
- czl 5y ago
  Less volatile with every market cycle? Nassim Taleb disagrees: https://youtu.be/dLOeBSaq-Ps https://youtu.be/dLOeBSaq-Ps I bet the CoinGeek conference audience were stunned by his keynote talk because Taleb used to be a supporter.
solarman5000 5y ago
The average person cannot buy real estate. The average person knows the system is rigged against them
- quantumBerry 5y ago
  Yes you can. Buy REIT ETFs. It's investing in real estate but with high liquidity and very low minimum investment.
pid-1 5y ago
I have no crypto as today due volatity as well. At the same time, hedging against inflation is hard. The things you suggested come with their own risks. I think a future in which crypto becomes stable due increased adoption is possible, and in that future it will be a good hedge.
ulzeraj 5y ago
> buy real estate or equities Does that logic applies in China? Are real state or equities a protection from volatility on a self proclaimed communist country? What about South America, Lebanon or Turkey? The incontestable precious and invaluable wisdom of the hacker news poster who potentially lives on US California or some rich western country on a comfortably fat salary. Every. single. time.

by mn678 5y ago

pskiba 5y ago

If your time horizon is long enough, volatility shouldn't matter. Historically speaking Bitcoin is getting less volatile with every market cycle. I would not be surprised if in the future its volatility is comparable to the S&P500. Why would any sane person invest in real estate? You have maintenance costs, property taxes, it's not liquid and you can go years with little growth. Not to mention if your area see's hard economic times (i.e. Detroit), the chance of a rebound is slim.

unethical_ban 5y ago
I can live on land. I can't live on a string. You also ignore the premise being put forth, that Bitcoin as a currency still isn't ideal. You don't think "long term investment" with currency so much as short to medium term. Like, will bread and milk cost 10x as much next week? "Stop thinking investment and start thinking survival" might be a good way to put it.
- pskiba 5y ago
  The original comment was about protecting yourself against inflation. Not sure how your comment is related.
  - unethical_ban 5y ago
    Ah. I got subthreads confused.
czl 5y ago
Less volatile with every market cycle? Nassim Taleb disagrees: https://youtu.be/dLOeBSaq-Ps https://youtu.be/dLOeBSaq-Ps I bet the CoinGeek conference audience were stunned by his keynote talk because Taleb used to be a supporter.

solarman5000 5y ago

The average person cannot buy real estate. The average person knows the system is rigged against them

quantumBerry 5y ago
Yes you can. Buy REIT ETFs. It's investing in real estate but with high liquidity and very low minimum investment.

pid-1 5y ago

I have no crypto as today due volatity as well. At the same time, hedging against inflation is hard. The things you suggested come with their own risks. I think a future in which crypto becomes stable due increased adoption is possible, and in that future it will be a good hedge.

ulzeraj 5y ago

> buy real estate or equities Does that logic applies in China? Are real state or equities a protection from volatility on a self proclaimed communist country? What about South America, Lebanon or Turkey? The incontestable precious and invaluable wisdom of the hacker news poster who potentially lives on US California or some rich western country on a comfortably fat salary. Every. single. time.