BigEggplant
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Well I hold less than 10% of my assets there, but I’ve personally come to see that there is nothing hard backing any fiat currency either, other than full faith in the US gov.I mean.....real talk here if the markets take a catastrophic dump, world currencies get devalued etc etc etc why would the electronic monopoly money continue to hold any real value?
I really don't understand that tbh, and that's what keeps me out of digital currencies. I have a basic understanding of block chain and the basics of how the algorithms work insofar as simulated scarcity based on computing power and all that, but there's no hard assets backing it at all, and no legal recourse if I get had.
Just seems super risky as an investment at more than a play with it scale.
I personally believe BTC is more of a hard asset than USD. But only time will tell, I’m really only thinking about hedging against a Roman Empire type situation, or possibly even a 1929 run on banks again. My goal is to retire off US equities and my pension, but I want to keep at least one egg outside that basket.
TBH I’ve never been on a cruise, wasn’t that keen on it even pre-Covid, so I probably won‘t be contributing to their rebound.Common sense would say that but don’t underestimate how big of pussies most of the population is, it’s conceivable that there will be enough people scared to ever go on a cruise again that it bankrupts all the companies before they ever recover.
AMC was the same case, it was really high then seemed like a guaranteed 500% gain if you bought during the COVID crash. But insane lasting regulations, people disinterested/disenfranchised with Hollywood, and other factors nailed it currently back to ten year lows just when it was looking to go on a recovery run.