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A. speculation B. diversification against more tradional assets C. store of value if you don’t have access to any better financial instruments D. keeping som
by yreg 5y ago
A. speculation
B. diversification against more tradional assets
C. store of value if you don’t have access to any better financial instruments
D. keeping some ready on hand to pay off ransomware attacks
- brink 5y agoE. Learning what it's like to be dumped on
- lexapro 5y agoSo far it worked out pretty well
- civilized 5y agoAll except maybe D also apply to Pokemon cards
- AlexandrB 5y agoRegarding B, Is there any evidence that BTC is countercyclical? It seems to have followed the conventional market down over the past week.
- vmception 5y ago> It seems to have followed the conventional market down over the past week. Bitcoin would be $3 per Bitcoin if it only correlated to the NASDAQ over the last 10 years It does its thing
- yreg 5y agoWell it of course doesn't corellate S&P 500 1:1, so it provides some diversification (same as everything else). Gold has been down over the past week as well, it is normal for all instruments to move together at times of uncertainty (and when many folks are getting margin called).