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> In short, currencies are usually bad choice for store of value. > Also I recommend people not use crypto as investment, that is probably not smart idea to co
by mbesto 5y ago
> In short, currencies are usually bad choice for store of value.
> Also I recommend people not use crypto as investment, that is probably not smart idea to consider long chain of cryptographic signatures and hashes as a large portion of investment on your future.
Re-read what you wrote there again for me. How do you pay for any goods or services if you:
> dump it as quickly as possible to buy physical assets
So, like cars that depreciate in value the second you buy them? (note - I recognize the last 2 years this has not been the case...but thats a historic anomaly) What other physical assets are you aware of that consistently outpace inflation? Housing? What else?
> or other investments
Like ones denominated in....US currency?
- notch656a 5y agoI pay for goods and services with USD. I get USD either by liquidating non-USD denominated asset for USD or from income-stream (wages). I didn't say I don't use USD, I said I hold it as short as possible just like with crypto. >So, like cars that depreciate in value the second you buy them? Generally worst example, although a few cars have held their value (some Porsche, but I'm not good enough car guy to execute this.) >Like ones denominated in....US currency? Like the ones not denominated in US currency, like stocks denominated in shares.