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And the people in the housing bubble mostly lived in those houses, yet they got burned by the crisis nonetheless. You don't properly evaluate the present value
by machina_ex_deus 4y ago
And the people in the housing bubble mostly lived in those houses, yet they got burned by the crisis nonetheless.
You don't properly evaluate the present value of money if you are willing to trade your present money for future money at completely unknown conversion rate and adoption date.
Relative to the strategy of buying it when you could use it (which also satisfies your intents) you are practically speculating. You can also look at it like opportunity cost.
- _qqm5 4y ago> You don't properly evaluate the present value of money if you are willing to trade your present money for future money at completely unknown conversion rate and adoption date. Unknown can mean many things. I'm convinced that the fair value of crypto is much, much higher. Adoption is still sluggish and small. I believe in crypto's success, which you might call speculation.