> Bitcoin for me is an inflation hedge and I have all my wealth in the digital space at the moment. Bitcoin, Ethereum and Polkadot.
Going all in on crypto (or any other asset class) is the opposite of a hedge.
Going all in on crypto (or any other asset class) is the opposite of a hedge.
Concentrated trades is how you get wealthy, spreading your bets is keeping your wealth.
But this is a once in a liftime chance. I can‘t believe people on a tech forum are so blind to the fact that we are in control for the first time. Hedge funds dump money into a system which they can‘t read or understand. It was the opposite for hundreds of years. The average Joe had to trust the financial world. Now YOU can read the code the money runs upon, all in the open.
So yes, show me how you did perform with your FIAT money in an age of money printing.
Your words were true up until 2008, everything after that: Throw away your old school investment books, they don‘t work anymore.
What inflation/devaluation are you hedging against, if all your money is in crypto?
Bitcoin is the only asset which gave you a real return in the last, maybe 10 years. Even if indexed the NASDAQ or whatever, your real return was probably below 0.
You can copy paste a lot of definitions, that's great. Just tell me how your returns were and how you measure them. If you measure them in Dollars, then show me what your money buys you now versus what it bought you 10 years ago.
You can say I am hedging against the devaluation of FIAT currencies.
The "debates" on HN about crypto always devolve into the pro and anti factions talking past each other which is very dull. A little linguistic confusion makes a nice change.