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/biz/ - Business & Finance

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49770657 No.49770657 [Reply] [Original]

how is this shit an inflation hedge?

>> No.49770693

>>49770657
it's not

>> No.49770697

>>49770657
It never was.

>> No.49770725

you were up x3,5 at one point?

>> No.49770729

>>49770657
octoroc

>> No.49770754

>>49770657
>you hedged?
>i did
>how?
>i bought internet money
>but its going down now so what are you doing?
>trying to cash out
>but then you'll still have inflation to deal with wont you?
kek

>> No.49770786

>>49770725
>one point?

>> No.49770821

>>49770657
How the fuck would a speculative asset be a hedge against anything?
Seriously who's the asshole who invented this idea that crypto is a hedge? It's so obviously not that I have to believe it was made up by someone trying to trick people into buying their bags.

>> No.49770882

>>49770657
bitcoin has never been an inflation hedge, anyone who thought that has some serious mental problems

>> No.49770921

>>49770693
>>49770697
>>49770821
>>49770882
michael saylor said it was and elon and jack too and they are genius tech billionaires

>> No.49770932

It's okay, only down 5%.
>sells and takes dollars back
Oh wait, all the things I want to buy are now way more than they were in 2017.

>> No.49770994

>>49770657
And if you did not sell at 60k you're a retard

>> No.49771043

>>49770932
just because you’re rich doesn’t mean you’re smart
just because you’re smart doesn’t mean you know everything about everything

>> No.49771062

Why would anyone think that something which has been around for about a decade is a hedge against inflation?

>> No.49771102

>>49770921
At the very least Elon is well known for flapping his gums about shit he's completely wrong about.
He's successful overall but the amount of complete BS that comes out of him is incredible.
As for Saylor, isn't that the guy who got fucking mirked during the Dot Com bubble?

>> No.49771103

>>49770729
rocktopus

>> No.49771127

>>49770921
saylor was right, the other 2 are retards

>> No.49771448

>>49770725
but they told me "don't sell" and "hodl"
fuck this crypto shit
i don't even give a fuck about "muh decentralization"

>> No.49771635
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49771635

>>49770657
>if you bought the absolute top the minute it was there you would be down 5%
and if you bought the bottom a month later you would be up almost 700%
I myself am up 2800% on my 2017 LINK stack

pointless newfag thread

>> No.49772038
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49772038

>>49770657
you are wrong!
inflation adjusted you are down much more than 5%