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Comment by tlear | Hacker News Reader

With how the inflation is going they might be right

No, seriously, this. I'll say this, I don't know what's going to happen. No clue at all. But it feels like NOT putting SOMETHING in, at least enough to stave off future ROMO would be stupid.

If you hold assets of most type you are protected against inflation, it doesn't have to be crypto.

But avoid long-term bonds and cash -- those get destroy in times of inflation.

Sad to see your comment greyed out. What you said makes sense.

All major banks and lots of hedge funds are investing in it for a reason. Softbank invested $92MM in a crypto video game (The Sand).... These people aren't stupid investors.

Are we talking about the same smart investors at Softbank that invested heavily in WeWork?

Honestly, it's just a good reminder of -- hmm, how to not be rude here: So the people here are generally smart, but sometimes otherwise smart people get these mental blocks about things, and clearly don't understand "positive risk."

So again, free advice. Put some money in crypto. Think about the largest amount that wouldn't hurt at all if you lost it and put that in. Otherwise, you're really really not being smart about this.

That's how self-fulfilling prophecies work.

When and who's going to cash out all of these people putting SOMETHING.

More than 50M people globally invested in cryptos, this means there's around 7B fools around who can still buy from them, where does it ends?

For all the negative votes I just recieved, I trust you all realize this is exactly how all fiat money works, right?

We don't invest or speculate with fiat money. We use it to acquire goods and services, and since most fiat currencies are (luckily) inflative there is a pressure to spend them and move the economy.

Apples and oranges.

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