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Re:Crypto crash deepens, stocks slip by midhhhthrow on Wednesday May 19, 2021 @11:28AM (#27210056)
Where else should people invest their money?

Stocks are extremely overvalued According to the buffet ratio

And bonds/cash will soon be completely worthless by the time the gov and feds of the world are done with them

Real estate is extremely difficult to buy and sell. Execution is hard.

There’s a desperate need for a store of value, now more than ever (gov of the world are abandoning their obligation of providing a stable fiat)

Do you see any better solution than crypto?

Re:Crypto crash deepens, stocks slip by imtringued on Wednesday May 19, 2021 @11:48AM (#27210291)
> Where else should people invest their money?

Pretty much any low volatility/world ETF or streak based ETFs (paying out an increasing dividend). If you trust nobody except yourself then get gold.

>And bonds/cash will soon be completely worthless by the time the gov and feds of the world are done with them

Actually, the worst thing that could happen to the US economy is that the USD goes up in value.

>There’s a desperate need for a store of value, now more than ever (gov of the world are abandoning their obligation of providing a stable fiat)

Why would anyone want to buy a "store of value" that is extremely volatile? You put in $1000 and you aren't unlikely to get $1000 back out, either you make a big loss or big gain. People love shouting that assets going up is inflation but when they go down nobody thinks "hyperdeflation".

>Do you see any better solution than crypto?

Even gold is better at the "store of value" meme than Bitcoin. People buy Bitcoin because it goes up, that's all there is to it.

Re:Crypto crash deepens, stocks slip by arcticbull on Wednesday May 19, 2021 @11:48AM (#27210288)
Personally, volatility aside, I don't invest in non-productive assets (be it gold, or other precious metals).

I have a risk appetite so I keep my IRA in this [1]. Then, for taxed investments, I have a core portfolio of the stock from companies I've worked at, against which I sell covered calls. I sell futures options for passive income (not all the time, I'm sitting this move out, for instance). I carved out a chunk for my financial advisor to manage more conservatively.

NFA, of course.

[1] https://www.bogleheads.org/forum/viewtopic.php?t=272007

Re:Crypto crash deepens, stocks slip by Grustaf on Wednesday May 19, 2021 @11:45AM (#27210251)
It's really hard to imagine a WORSE store of value than crypto.
Re:Crypto crash deepens, stocks slip by inter_netuser on Wednesday May 19, 2021 @04:47PM (#27214269)
only went up 400% this year. Terrible.

Everyone is wiping their tears with dollar bills right now, very bittersweet.

Re:Crypto crash deepens, stocks slip by Grustaf on Thursday May 20, 2021 @02:39AM (#27218108)
Stores of value are not suppose to increase wildly in value. The purpose of a currency is not speculation, it's almost the opposite.
Re:Crypto crash deepens, stocks slip by arcticbull on Thursday May 20, 2021 @12:02AM (#27217245)
Not anyone who bought in after January. Let's not cherry-pick dates. It's down 60% this month.
Re:Crypto crash deepens, stocks slip by xyzzyz on Wednesday May 19, 2021 @11:36AM (#27210137)
Buy gold then, it is much less energy intensive to produce and hold.
Re:Crypto crash deepens, stocks slip by midhhhthrow on Wednesday May 19, 2021 @11:43AM (#27210225)
Put everything in gold/ precious metals with no other diversification?

Gold has some funny business with its paper holdings because of the way governments lend it out.