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RE: Serai DEX

in LeoFinance2 years ago

"...the risk here is that there's some kind of hack, exploit, or rugpull..."

That is a risk. There are others, such as the ~98% of countries that have introduced some form of CBDC mandate their use, in which an investment in XMR will be no hedge. I realize you consider my caution insuperable, but I am as cautious as I am for very real reasons I have undertaken to explain at painful length, in the hope others can learn from my mistakes and preserve their capital as I did not.

There is a reason BTC crabwalks and gold continues to hit new highs, and my guts all but scream in behest of understanding why. The value of gold does not depend at all on the internet, in fact is almost infinitely increased if competing forms of money are destroyed, and accredited investors know things that enable them to benefit from events that devour the capital of retail investors.

Hedge fundamentally, not superficially. Every hedge I had failed to preserve my capital as everyone I trusted was untrustworthy, while anonymity would have insulated some of it. That is the reason I have valued your trustworthiness higher than almost any other metric. As much as FOMO leads fundamental hedging to appear to waste opportunities, capital preservation in cataclysm is extraordinary, and requires equally extraordinary caution, or foreknowledge. The infamous aphorism 'Buy when there's blood in the streets...' presupposes retention of capital during cataclysm in order to have the ability to buy at such moments. Cataclysm can appear out of nowhere, but sometimes there are clues, such as multiple states declaring states of emergency over a silly eclipse.

That caution is what creates generational wealth.

Thanks!

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Bitcoin is up more than double gold since this rally started in late February.
To say that Bitcoin is crabwalking and gold isn't seems like a very strange thing to say.
Do we just pick the timeline that suits the narrative being presented?

Then again gold being up anything at all is a big deal... because it has a history of jack shit.
Whereas Bitcoin has a history of exponential gains.

I don't think gold has any value in a future where the Internet doesn't work.
At least not in the short term.
Not unless there are communities that can function where the Internet doesn't work.
I don't personally know of any nearby Amish settlements.
Maybe I should.

The gold market massively outweighs BTC, well over $15T. Every $1 the price rises is ~$10B in capital. Gold isn't a speculative investment, but reliable capital preservation. Neither am I recommending investing in gold (nor against it). I am pointing to accredited investors seeking capital preservation.

It's a signal.

"...Bitcoin is crabwalking..."

That's what you've posted in recent days.

"...Bitcoin is crabwalking..."

In terms of day-trading my ass off using hourly candles yes, it's crabwalking.
In relation to gold within the current context we are talking about not so much.

The gold market massively outweighs BTC, well over $15T. Every $1 the price rises is ~$10B

This is an extremely reductive statement.

Market cap and actual liquidity are only loosely connected.
It is a big (and wrong) assumption to say that once BTC gets to $15T it's going to calm down like gold did.
BTC doesn't give a fuck: it will be more volatile than ever at $15T.
In fact we're all about to find that out the hard way in less than 2 years during the current cycle we are in.