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Rick is shocked that crypto is volatile

Clint Ruin

I'm sorry, who are you?
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51,104
Imagine being the genius that thought this

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BudDickman

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41,817
Crypto is correlated with the stock market currently because low interest rates have been propping up both of them and people have been buying and selling crypto like it's a stock. Once the hype settles down it can become more viable as a store of value. No currency has any inherent value, so his take is obviously retarded.
 
G

guest

Guest
You're a month late on all the "hedging against inflation" takes, its also wrong.

Crypto is trading as a tech stock right now because it's inherently tied to the underlying tech companies and markets. It's a long term hedge, and its a gamble. It's not ubiquitous enough to be purely a commodity and it's too technical to be divorced from the tech stocks. You can't just sell it like gold. You need an exchange, like coinbase for 99.9% of retail investors who don't want to manage their own wallets.

Oh and by the way, gold is down as well. is gold also volatile you retard.


Its almost like this idiot couldn't pass basic high school classes.
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Udders

Deeply interwoven in the pest community
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48,032

NoBacon

An honourable man.
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116,912
I buy a set amount of Bitcoin every month when I get paid, whatever the price is. I don’t check or care what the price is, I just buy whatever it will get. Then eventually I move it to my cold storage wallet I keep hidden in my house.

This is the way.
 
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