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I didn’t buy it at £400 once because it had fallen so much from £1,000. I wouldn’t be surprised if it goes up again when people look to alternative sources of i
by eddsh1994 4y ago
I didn’t buy it at £400 once because it had fallen so much from £1,000. I wouldn’t be surprised if it goes up again when people look to alternative sources of income to offset inflation.
- Retric 4y agoNegative sum games need new suckers to prop up returns. I doubt there is that many people willing to jump in that haven’t already been burned.
- Animatronio 4y agoYeah, smart move - lose 15% a day, rather than 9% a year through inflation.
- SantalBlush 4y agoPeople bought cryptocoins in 2021 to "offset inflation". That did not go well for them. I think we can safely put the claims about crypto offsetting inflation to rest.
- eddsh1994 4y agoRationally yes, but people are irrational and things like r/wsb show you irrational can get momentum. I’m probably 80% sure there will be another bull run in the coming years. Even if it’s as trivial as crypto being 5% of its all time high and people decide it’s worth a go just in case, creating its own run.
- UncleMeat 4y agoThe past year has demonstrated pretty clearly that BTC is not an inflation hedge.