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1. I also think the crypto prices are going to collapse but everything I just listed is stablecoin denominated. The question is if all the stablecoins go down t
by dustingetz 5y ago
1. I also think the crypto prices are going to collapse but everything I just listed is stablecoin denominated. The question is if all the stablecoins go down too - Matt Levine flipped me on this topic: https://archive.md/cQVJl https://archive.md/cQVJl
2. price "collapse" of 90% is actually not a collapse if it's up more than 10x in a small number of years
3. MEME-POWER is an incredible force, HODL may be enough to keep the perpetual motion machine moving. Markets are only as rational as humans!
4. the TIMING of collapse matters – covid/climate policy is perpetuating the bubbles and it seems governments might fracture before crypto fails, at which point where would you rather be, dollars or crypto?
5. the costs of inflation/bubbles is shouldered on the middle class and poor, so it actually is being paid for and may not actually be out of balance
6. We may be looking at a housing market generational situation. The answer is not to second guess the market, that's how you miss generational gains.