Instead of spending my dollars on a speculating on shitcoins, I buy up high-quality instruments. Ex: I-Bonds are yielding 9% right now due to inflation.
If you want inflation protection, there are inflation-protected securities to buy. And they're doing really well right now.
You see how stupid this "short them" argument is? If you don't like them, then short them.
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If you don't like them, that's fine. I'll just collect my 9% this year while BTC is... what? Down 18% in a day? You should have sold your BTC at the January high and transferred to higher-quality instruments, like I-Bonds or TIPS
> You see how stupid this "short them" argument is? If you don't like them, then short them.
I mean this in the politest way possible, but you should consider that you don't fully understand types of investments and short selling if you think the statement "short I-bonds" is equivalent to "short crypto" and if you think that I-Bonds can form a major part of an investment strategy.
It is for the purposes of this discussion.
"Short Crypto" is a terrible meme counter-argument, that ignores the large possibility of a long-term, sideways cryptomarket.
While cryptocoins move sideways, low-risk investments like TIPS or I-Bonds will outperform them. Cryptocoins don't have to "go down" for them to be a terrible investment. Even a "sideways movement" is enough to make them a bad investment.
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As long as lower risk options (such as TIPS and I-bonds) exist that have higher gains than Cryptocoin (definitely the case this year), then I "win" relative to you with my bond-heavy portfolio. No shorting of cryptocoin needed.