There’s no reason to invest in other asset as a hedge against Bitcoin’s failure because if Bitcoin fails, your other assets won’t afford you any protection from what would come next.
Bitcoin or 1984. All in.
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Replies (26)
Yes, this one gets it 🫡
Indeed
but maybe you could buy other stuff just to outperform bitcoin
but this would be a gamble
this is the existential fight
Bitcoin isn’t without its own tethers to this financial world from which we need protection.
No Plan B because there is no B. All in or all enslaved.
this is why we #Monero
#DelistingsAreGood
How about gold, silver, monero, land, equipment
Thats' a good take
This year it wouldn't have been hard to outperform bitcoin. Even just leaving cash in the bank, lol.
Interesting. This is a take I’ve never heard before but it is true
MONERO IS AND HAS ALWAYS BEEN FAILING AS A STORE OF VALUE... 
do you really think "if you had bought bitcoin instead you'd have more fiat value" is a compelling argument?
also, I started buying at $60 so you'll have a hard time convincing me it hasn't been a good SoV...
LOL FIAT PRICES. YOU DONT GET IT YET
I DONT CARE ABOUT FIAT VALUE
YOU ARE LOSING IN BTC. YOU ARE LOSING PUCHASING POWER
"purchasing power" is denominated in the UoA. the UoA is *what prices are denominated in* (ie the US dollar).
Therefore I have more purchasing power than when I bought.
you dividing a fiat price by the fiat price of Bitcoin doesn't change the UoA.
AGAIN, I DONT GIVE A FUCK ABOUT FIAT. YOU ACTED LIKE I BROUGHT IT UP AND I NEVER USED THE WORD 🤣
YES I HAVE TO USE FIAT MOST OF THE TIME, BUT SO WHAT? THATS CHANGING, TONS OF BUSINESSES WHILE NOW THRIVE BECUSE THEY ACCEPT IT, AND ADOPTION WILL CONTINUE GROWING WHETHER SHITCOINERS LIKE IT OR NOT
IF I MAKE A LARGE PURCHASE, I WANT TO KNOW HOW MANY SATS I'M LOSING. THATS MY UNIT OF ACCOUNT. YOURS IS USD, GOOD LUCK TO YOU
the chart is USD denominated.
YOU brought it up, you just didn't understand it was fiat denominated.
that's all that happened here.
DAMMIT YOU ARE RIGHT, I HAVE BEEN ARGUING THE SAME POINT WITH THAT DUMB CHART SO I JUST FIGURED YOU ARE ANOTHER DRONE THAT I CAN LAZILY OWN. BTC IS AN AMAZING STORE OF VALUE.. YOU CANNOT DENY IT. IT JUST MAKES NO SENSE TO HOLD MONERO UNLESS YOU ARE SPENDING IT.... BUT AGAIN GOOD LUCK, I MEAN IT THIS TIME
when did I argue BTC wasn't a good store of value?
are you ok?
YOU DIDNT, YOU SAID THAT MONERO WAS A GOOD ONE. IM TELLING YOU BITCOIN IS BETTER
that's cool.
if you're into fiat NGU anyway...
NO.. IM INTERESTED IN BUYING THINGS WITH BITCOIN AND PRESERVING MY EARNINGS
thats great.
my bitcoin stack is probably up a little more in USD terms than my monero stack.
but not so much that I'm going to do anything differently 👋
Maybe physical gold could be a hedge. But good luck using it efficiently as medium of exchange
Depends on your risk tolerance, which also depends on your age. Not everyone has enough time to start over, that’s why boomers tend to not be Bitcoiners, and they prefer gold and stocks. I wouldn’t tell my grandpa to go all-in on Bitcoin, but I would tell him to at least get some Bitcoin. Same risk tolerance trade-off can also apply at younger ages - if you just signed a contract to buy a house and need the down payment in 90 days from now, you probably should have that in cash.
why does it only go back till 2017? 🤔