Cryptocurrency

[Hobosapien]

Why not have both?

Yep, diversify. I have a small amount of the main cryptos, mostly bitcoin but also the others that were/are easy to buy without trading or causing issues with the bank account used to fund it.

I look on them like index trackers. Forget the short term ups and downs, unless FOMO drives it to a no-brainer level of cash-in, and time in the market should work, as long as the cryptos aren't scamcoins.

One this is for sure 'fiat' is already dead in terms of traditional saving interest rates. Been too easy for central banks to print it by pressing a few buttons and no way will national debts ever be repaid. They'll try to inflate the debt away by further devaluation then replace with a digital currency to reset the game when it gets too far out of control.

The older one gets the better it is to have tangible assets. Can't take investments and cash with you but you can enjoy assets while here. Bonus being they don't need to appreciate in value (though it helps) to enjoy them.

[DealorNoDeal]

Yes, what you both say probably makes sense. Having a bit of skin in the crypto game as another diversifier.

[scooterscot]

I prefer Gold for that.

I wouldn't feel comfortable putting anything more than a token amount in BTC, and investing a token amount won't provide an effective hedge.

If Gold is good enough for central banks, then it's good enough for me.

Gold is an excellent hedge against inflation. It sucks against currency debasement, however. I don't know why it does not react more positively against money printing. Since 2012 when money printing went out of control Gold has only lost value.

I'm happy to wait until we're around the mean price of $600 before going in large with all my Bitcoin gains.

[scooterscot]

Yep, diversify. I have a small amount of the main cryptos, mostly bitcoin but also the others that were/are easy to buy without trading or causing issues with the bank account used to fund it.

I look on them like index trackers. Forget the short term ups and downs, unless FOMO drives it to a no-brainer level of cash-in, and time in the market should work, as long as the cryptos aren't scamcoins.

If it is listed on Binance and the majority of volume going through the coin is also through Binance, it is not a scam.

[DealorNoDeal]

I'm happy to wait until we're around the mean price of $600 before going in large with all my Bitcoin gains.

I wish I could predict the future like you.

[TheGreenBastard]

I wish I could predict the future like you.

Just have no shame and be a narcissist, it's pretty low effort.

[scooterscot]

I wish I could predict the future like you.

I'm not predicting, the charts are....

[Zigenare]

I'm not predicting, the charts are....

Of course they are.

FFS, you'd be better off with a copy of "Old Moore's Almanac"!

[DealorNoDeal]

I'm not predicting, the charts are....

No, it is you making the prediction, based on your reading of the charts.

What you see in a chart other people won't see, and vice versa.

For example, you see $600 gold in the chart. I don't.

[scooterscot]

No, it is you making the prediction, based on your reading of the charts.

What you see in a chart other people won't see, and vice versa.

For example, you see $600 gold in the chart. I don't.

You need to open your eyes man.

Perhaps a better way of saying,, show me the charts and I'll tell you the news, rather than the word prediction.