One of the few strategies that stands the test of time is to trade against mainstream media.https://twitter.com/whalepanda/status/1022194354025390080 …
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I still haven't seen a convincing first-principled argument why money is a winner take all. Just because it was the case for gold doesn't mean it'll be the case for crypto-currencies.
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How many different monies do you hold every day?
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Define money. I hold of bunch of assets that has high-level of moneyness.
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which fiat currencies do you hold right now?
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Like 20.
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What? You hold 20 different fiat currencies?
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Yes. A bunch of government bonds and a bunch of shitcoins from traveling.
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But how many are MEANINGFUL positions?
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Can you elaborate?
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I believe there will only be 1 big currency on the Internet. Surely no more than 3-4.
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Also, I think the general public really only has the mental/attention bandwidth to care about 1 crypto money. Example: .net domains are just as functional as .com domains. But not nearly as valuable, even to this day.
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The counter-argument here is that the general public doesn't know what they are doing when it comes to investing and thus diversification is a rational strategy for them. An example of this is the general acceptance of S&P500 ETFs as a "good" investment.
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Today, yes. Not once a clear winner is crowned.
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Rekt
Like shorting Apple in 2008 at the dawn of the App Store