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In response to
"interesting - I got into FNKO and it immediately went down."
by
Pippy
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I've been listening a lot to a bitcoin podcast and while I'm still working my way through it
Posted by
oblique (aka kkuphal)
Jul 15 '21, 09:48
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I'm convinced that any coin outside of bitcoin is useless from an investment standpoint and only ETH based coins have some value in terms of technology (but not investment).
Bitcoin as an investment is solidifying in my mind as Gold 2.0 (to borrow a term) and a hedge against inflation. While it goes up and down in the short term, it's profitability over the long term appears to be cemented in the scarcity that is built into the currency. With how we've been printing money, there may be no better time to hedge against inflation by keeping savings out of the dollar and into something else. This is where I ended up with Donut from a pure APY standpoint but I'm also planning to do some minimal dollar-cost-averaging into Bitcoin once Strike comes online with the zero-fee transactions. If it takes too long, I can go with Swan which also is geared towards cheap recurring buys. I like coinbase but the fees are pretty high.
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