- My Forums
- Tiger Rant
- LSU Score Board
- LSU Recruiting
- SEC Rant
- SEC Score Board
- Saints Talk
- Pelicans Talk
- More Sports Board
- Coaching Changes
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Why is crypto crashing?
Posted on 6/15/22 at 5:30 pm to NC_Tigah
Posted on 6/15/22 at 5:30 pm to NC_Tigah
quote:
BTC is also not the inflation hedge it should be.
Are there any inflation hedges? Gold isn't an option. It has actually been brutally bad. Even oil plays are looking like their run is done.
Joeflation spares nothing.
2
Posted on 6/15/22 at 9:23 pm to tenderfoot tigah
quote:Avocado futures. Mirroring inflation quite perfectly this past year. Not sure why I know that
Are there any inflation hedges?
Posted on 6/15/22 at 9:55 pm to TigerTatorTots
Because they are absolutely delicious!
Posted on 6/16/22 at 7:56 am to tenderfoot tigah
quote:
You mean like printing half the money in circulation over 18 months? The USD is complete crap.
If the usd is complete crap then What other currency is more favorable?
Bitcoin?
I don’t like the the overprinting of the usd either but I live in the real world and I have to deal with what IS- not what I hope it will be.
As it stands today, the usd is about as stable a currency as I’ve seen.
And the fact that bitcoin etal is failing at the exact time that it is suppose to shine is telling. It shows the underappreciated risk of the new asset class. If it can’t do well as a hedge against inflation-
Which is largely why people want to own it- then you have to wonder how well it’ll do when things turn…
This post was edited on 6/16/22 at 9:12 am
Posted on 6/16/22 at 8:16 am to saderade
Most algorithmic stablecoins, such as TerraUSD, don’t have assets in reserve. Instead, their $1 peg is governed by an algorithm (or as I say pure smoke & mirrors).
Posted on 6/16/22 at 10:37 am to SlidellCajun
quote:
bitcoin etal is failing
Bitcoin is failing?
Why do you look at the Bitcoin chart from the top down instead of the bottom up? Up 2,000,000x in 12 years. Your myopic view is ridiculous.
Is gold a safer investment?
Posted on 6/16/22 at 3:37 pm to tenderfoot tigah
The Stock floor is lava!
This post was edited on 6/16/22 at 3:40 pm
Posted on 6/16/22 at 6:34 pm to tenderfoot tigah
quote:
Is gold a safer investment?
Absolutely
Posted on 6/16/22 at 7:18 pm to AUViclic
quote:Then why aren't people buying gold right now? Isn't this when gold is most important?
Absolutely
This post was edited on 6/16/22 at 7:19 pm
Posted on 6/17/22 at 4:27 am to tenderfoot tigah
This is it. Finally Bitcoin is going to zero.
Posted on 6/17/22 at 10:18 am to tenderfoot tigah
quote:
Why do you look at the Bitcoin chart from the top down instead of the bottom up?
Wow. I just had to copy this for historical preservation
Now you’re investing in things because of what they USED to be valued at….
Tell us, since you’re so certain that the market has it wrong with bitcoin, what is the correct value for bitcoin?
This post was edited on 6/17/22 at 10:30 am
Posted on 6/17/22 at 10:19 am to tenderfoot tigah
quote:
Is gold a safer investment?
Of course it’s safer but what difference does that make to you
You aren’t buying bitcoin for safety are you?
Posted on 6/17/22 at 12:35 pm to SlidellCajun
quote:
Of course it’s safer but what difference does that make to you
Then why did every country on the planet get off the gold standard? Why are countries going to Bitcoin as their currency?
Posted on 6/17/22 at 12:39 pm to SlidellCajun
quote:
what is the correct value for bitcoin?
Whatever the people are willing to pay for it.
Right now that's about $20-21k.
quote:
I just had to copy this for historical preservation
I'm not day trading.
Pin the picture on your bathroom wall. I want you to see how wrong you were.
What is different about this Bitcoin drop from the others?
Posted on 6/17/22 at 1:36 pm to tenderfoot tigah
quote:
Gold isn't an option. It has actually been brutally bad
ytd Gold is up, unlike stocks and crypto
Posted on 6/17/22 at 2:02 pm to TigerintheNO
quote:
ytd Gold is up
Why are you cherry picking data?
Gold’s inflation adjusted 1980 peak price was $2189.
Gold is down over the past 42 years and no more countries are using it to back their currency. It doesn't get much worse than that.
Bitcoin on the other hand is up 2,000,000x the past 12 years and recently had it's first country adopt it as their nation currency with other countries studying it to do the same.
Posted on 6/17/22 at 2:31 pm to tenderfoot tigah
I though we were discussing inflation and that when it really started going up, and every thing else is going down.
Posted on 6/17/22 at 2:35 pm to TigerintheNO
More and more smoke surrounding Tether
As I read it, if Tether de-pegs, that'll be maybe the biggest (worst) thing to happen to the crypto markes so far?
As I read it, if Tether de-pegs, that'll be maybe the biggest (worst) thing to happen to the crypto markes so far?
Posted on 6/17/22 at 2:38 pm to tenderfoot tigah
quote:
Gold … no more countries are using it to back their currency.
While not strictly false, I’d argue that Russia has essentially done just that (in conjunction with oil/natural gas).
quote:
Bitcoin on the other hand is up 2,000,000x the past 12 years
I’m not sure this is a mark in your favor. Isn’t bitcoin supposed to be a currency? If so, the highest value a currency can have is (relative) stability. Who is going to adopt bitcoin for everyday use when a majority of the holders are treating it as a long-term investment? The two notions are incompatible.
Page 24 of 27
Popular
Back to top
Follow TigerDroppings for LSU Football News