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Comment by jerrymiller

Case in point still. The contradictions you make are astounding. What's more astounding is that you are not even noticing them.

> Huge investment firms diversifying into crypto

> this is an indictment of the cryptocurrency community's basic financial literacy

I suggest that maybe it's you who lacks basic financial (and econ) literacy, not investment firms or the "cryptocurrency community"

> You can't just call a speculative instrument a "store of value" because every who bought into it in the past two months has seen a positive return

No, everyone who bought BTC at _any point in the past_ and didn't sell are seeing positive returns. This is the definition of a good store of value. You are conflating SoV properties with volatility. They are orthogonal. SoV is a long-term play.

parent jerrymiller 5 years ago

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