News for hackers. Stuff that matters.

A comment on Bitcoin Is Near All-Time Highs and the Mainstream Doesn't Care Yet. Parent comment

Re:Bitcoin Is Near All-Time Highs and the Mainstream Doesn't... by AnimalMuppet on Wednesday November 25, 2020 @12:11PM (#25211502)
The recent roller coaster should lead you to seriously question Bitcoin as a "store of value". A "store of value" whose value fluctuates by 50% may be many things, but it's pretty lousy as a lousy store of value.
[ Parent | on HN ]
Re:Bitcoin Is Near All-Time Highs and the Mainstream Doesn't... by trixie_ on Wednesday November 25, 2020 @12:49PM (#25211961)
There is no 'perfect' store of value. If you have a lot of value to store, crypto should absolutely be part of your portfolio. Stocks fluctuate by large percentages and people put their entire retirement savings in those. Property fluctuates as well. The dollar itself may be fluctuating more than usual soon given amount of unchecked spending that happened this year.

No store of value is safe, do what financial advisors says and diversify evenly across asset classes. It's not about making money, it's about maintaining what you have.

[ Parent | on HN ]