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Okay but the question was: what’s the bull case for $USD?

01acheru 5y ago
We started from your question “What properties does it have that make it superior to currencies like $BTC in your opinion?”. Then you changed subject about being bullish when replying. So you must either decide: are we talking about currencies or about speculative assets? There are no reasons to be bullish about currencies, that’s not their purpose.
- eric_cc 5y ago
  > There are no reasons to be bullish about currencies, that’s not their purpose. Whether you hold currencies, stocks, cryptos - these are all positions with various possible outcomes. A currency can become worthless through hyperinflation, for example. So yes, you absolutely should be sizing up your currency position and deciding whether it is to your advantage to hold it. You can say a currency bull case is that it’s stable representation of value. That thesis could play out or completely break down depending on how the government in control of the currency behaves themselves.
  - 01acheru 5y ago
    Stocks and currencies don’t behave the same, currencies in the long term are bearish. Anyway if you think about bulls and bears you are not thinking of currencies, you better put your money into more volatile markets. A bullish currency is against our modern conception of how economical models work, so I wouldn’t place my money on it. I’m not saying you shouldn’t place your money on BTC or other crypto, it’s kind of a good time right now since we are full bear and a bull period is probably starting soon. I mean, by watching historical trends and aknowledging the contingencies that pushed down values in those last months, maybe we’ll have to wait some time but it should bull during 2022. All in all, crypto market is still not a currency market but an asset market. Just for one simple reason: crypto (currencies?) are still not currencies. When crypto will turn into currencies you’ll start seeing a inexorable slow bearish course for all of them, it’s economics baby ;)

We started from your question “What properties does it have that make it superior to currencies like $BTC in your opinion?”. Then you changed subject about being bullish when replying. So you must either decide: are we talking about currencies or about speculative assets? There are no reasons to be bullish about currencies, that’s not their purpose.

eric_cc 5y ago
> There are no reasons to be bullish about currencies, that’s not their purpose. Whether you hold currencies, stocks, cryptos - these are all positions with various possible outcomes. A currency can become worthless through hyperinflation, for example. So yes, you absolutely should be sizing up your currency position and deciding whether it is to your advantage to hold it. You can say a currency bull case is that it’s stable representation of value. That thesis could play out or completely break down depending on how the government in control of the currency behaves themselves.
- 01acheru 5y ago
  Stocks and currencies don’t behave the same, currencies in the long term are bearish. Anyway if you think about bulls and bears you are not thinking of currencies, you better put your money into more volatile markets. A bullish currency is against our modern conception of how economical models work, so I wouldn’t place my money on it. I’m not saying you shouldn’t place your money on BTC or other crypto, it’s kind of a good time right now since we are full bear and a bull period is probably starting soon. I mean, by watching historical trends and aknowledging the contingencies that pushed down values in those last months, maybe we’ll have to wait some time but it should bull during 2022. All in all, crypto market is still not a currency market but an asset market. Just for one simple reason: crypto (currencies?) are still not currencies. When crypto will turn into currencies you’ll start seeing a inexorable slow bearish course for all of them, it’s economics baby ;)