I've Read UNSCRIPTED
- Apr 16, 2019
I agree that the U.S. Dollar is inflating away and that is why we see these crazy numbers in everything. However, I think we are ripe for a massive crash and crypto is not where you want your money. There is value in it but now is not the time to hold it - there's a massive dump coming.
I personally see value in Gold. Physical Bullion, ideally kept in a vault outside of your jurisdiction such as Switzerland. I am keeping the majority of my portfolio in Gold in this way. Silver also has value, but prices are high. I plan to put 7 figures into a physical type of SLV ETF when the NASDAQ crashes and institutional investors are dumping paper silver. I think there is a big opportunity there.
There is also value in what you say and in diversification. Perhaps it merits a portion within a diversified portfolio.
Regardless, some of us with more conviction and appetite for risk may want to engage with the markets slightly differently.
That approach also merits open discussion, as I personally advocate for.
In either case, I respect that people have differing opinions and approaches to this - what I would recommend is we steer away from characterizing an entire technology as a ponzi, because I believe it is simply a lazy use of vocabulary we're employing to describe an emergent force we don't quite understand yet.
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