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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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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Maybe 5.
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I’d say that’s definitely out of the ordinary, then.
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Agree. But I don't see how fiat holdings is relevant to the "one money take all" debate. There are obvious political reasons why people generally hold 1 fiat.
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actually its politics that makes people diversify across fiat currencies to hedge against central bank / political idiosyncratic risks... risks which don't exist (or are smaller) in the digital realm
End of conversation
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Rekt
Like shorting Apple in 2008 at the dawn of the App Store