A successful transition from haven <=> reality depends on how skilled one is at gauging the accuracy of the price discovery mechanism. (Due to popularity of index funds IMO everything is blurred and unclear.)
-
Show this thread
-
Bitcoin's value as a now is probably mostly due to the Crowd's inability to distinguish between a haven and a crisis asset. When everyone is rushing to the Ark most people just assume the world is ending.
2 replies 0 retweets 0 likesShow this thread -
Long term it has potential to grow but only because Goldbugs start dying (or change their minds). As of now, it's probably still a crisis asset similar to guns.
1 reply 0 retweets 0 likesShow this thread -
It's somewhat stupid but also very forward looking. It's like those people who bought gallons of water at the start of COVID. If society breaks down to the point where such basic infrastructure is threatened...then you're really underpreparing...
1 reply 0 retweets 0 likesShow this thread -
It *is* true though (according to my middle school science teacher) that the future wars will be fought over water or something.
1 reply 0 retweets 0 likesShow this thread -
Bitcoin is similar to the Ark of Gold in that it exists outside the authority of humans. But because the ingress/egress is small relative to the Ark the tickets can inflate to insane prices.
1 reply 0 retweets 0 likesShow this thread -
From a theoretical standpoint it's also superior in portability and future events like asteroid mining of gold. A counter argument is that other crypto coins have huge market caps as well. It was not created by the God that created the Earth but the Satoshi who Died for Our Sins.
1 reply 0 retweets 0 likesShow this thread -
There is only one God but multiple Messiahs. While God can be trusted as the One and Only, there are multiple Pointing Fingers to choose from which disperses the focus/reliability of the asset.
1 reply 0 retweets 0 likesShow this thread -
From a technical standpoint ETH is pretty interesting. It's like being able to invest in the future World Computer (that currently doesn't really work that well) It's like investing in Google super early amirite, (and not AskJeeves)
1 reply 0 retweets 0 likesShow this thread -
Stopping here. TPR: Ark of Gold. Faerie dragon investor casts phase shift.
1 reply 0 retweets 1 likeShow this thread
Also, ignore all financial advice from talking cats. If curious about asset rebalancing see:https://breakingthemarket.com/welcome/
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.