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Re:Celsius Execs Cashed Out $40M in Crypto Before Halting Wi... by scifibestfi on Thursday October 06, 2022 @12:43PM (#33110618)
Fiat works until it doesn't. Whether that's inflation, corrupt government, or the long term debt cycle which we nearing the end of.

Ray Dalio has a good video about what that means and how this has played out every time over the past 500 years:

https://www.youtube.com/watch?v=xguam0TKMw8

Re:Celsius Execs Cashed Out $40M in Crypto Before Halting Wi... by arcticbull on Thursday October 06, 2022 @12:44PM (#33110633)
This is the same thing that William DeVane has been saying shilling gold for Rosland Capital at 2am to Fox viewers for the last decade. I'm not worried. [1]

Dalio is talking his book.

[1] https://www.youtube.com/watch?v=VVcdvT09qr4

Re:Celsius Execs Cashed Out $40M in Crypto Before Halting Wi... by ericd on Thursday October 06, 2022 @04:02PM (#33113310)
It’s his book because he believes it’s true, not because he’s trying to influence things. I’d highly recommend reading Big Debt Crises.
Re:Celsius Execs Cashed Out $40M in Crypto Before Halting Wi... by arcticbull on Thursday October 06, 2022 @05:13PM (#33114176)
Sorry, when I said "talking his book" that's like a finance term for advocating for things that would benefit the positions you hold.

> Talking your book is a phrase used to describe what portfolio managers are doing when they discuss their portfolio holdings. It is generally assumed that this discussion is to create interest (and buyers) of these securities. This will ultimately benefit the price of the security and the manager’s portfolio.

[1] https://abnormalreturns.com/2010/02/18/everybody-talks-their...

Re:Celsius Execs Cashed Out $40M in Crypto Before Halting Wi... by ericd on Friday October 07, 2022 @11:43PM (#33129617)
Sorry for the poor wording of my response, I knew what you meant. I meant that he’s invested the way he is because he believes in what he’s talking about in terms of macro trends. And then I confusingly recommended reading his printed book, which I’ve found very helpful in understanding what the central banks have been doing, and allowed me to be well positioned for this inflation well before it picked up to where it is now.