Re:Shorting Tether for Fun and Profit
by RestlessMind on Monday January 09, 2023 @01:23PM
(#34313913)
> Think about $15/hr people
Actually let's think about them. What could they buy in Q4 2021 (when BTC was 60k+)? If they were in the US, then probably some random stocks or some index fund, which has gone down in value (-20% for S&P, to -65-70% for "blue chip" ones like TSLA or META). Definitely not real estate. And forget about commodities.
Outside the US? I'd wager similar scene in other advanced economies. I don't even know what good options they have in developing markets.
Even today, I'd wager that BTC* will have a better outcome than S&P over the next 10 years.
*to me, BTC is the only reputable crypto. ETH, if you understand how it works. Forget about everything else.
Actually let's think about them. What could they buy in Q4 2021 (when BTC was 60k+)? If they were in the US, then probably some random stocks or some index fund, which has gone down in value (-20% for S&P, to -65-70% for "blue chip" ones like TSLA or META). Definitely not real estate. And forget about commodities.
Outside the US? I'd wager similar scene in other advanced economies. I don't even know what good options they have in developing markets.
Even today, I'd wager that BTC* will have a better outcome than S&P over the next 10 years.
*to me, BTC is the only reputable crypto. ETH, if you understand how it works. Forget about everything else.