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What a waste of time: *Not An Inflation Hedge* (it's appreciating much faster than inflation over its life) *Bitcoin Actually Created Inflation* (What? the FE
by mgamache 4y ago
What a waste of time:
*Not An Inflation Hedge* (it's appreciating much faster than inflation over its life)
*Bitcoin Actually Created Inflation* (What? the FED pumped money from thin air and it's Bitcoins' fault)
*Unresponsive To Higher Costs* (There's more to cost then cost of goods -- you know, like there's a market involved)
*Lack of Transaction Demand* (why transact an asset that's volatile, but apricating so quickly?)
*Failed Security Promises* (not sure WTF he is talking about)
*Stable Coins Shouldn’t Be Volatile* (so BTC is now responsible for Stable Coin prices?)
- qgin 4y ago> it's appreciating much faster than inflation over its life I have no doubt that people who bought in early have beat inflation very well, but that doesn’t make it an inflation hedge. It doesn’t move inversely from inflation.
- mgamache 4y agoWhat would be an inflation hedge that isn't an asset that just goes up in value greater than inflation? FTA: "An inflation hedge is an investment that is considered to protect the decreased purchasing power of a currency that results from the loss of its value due to rising prices either macro-economically or due to inflation. It typically involves investing in an asset that is expected to maintain or increase its value over a specified period of time. Alternatively, the hedge could involve taking a higher position in assets, which may decrease in value less rapidly than the value of the currency." https://www.investopedia.com/terms/i/inflation-hedge.asp https://www.investopedia.com/terms/i/inflation-hedge.asp