currency investors do exist. i know a dude who had more money than god and thought “huh, well let’s see” and now has more money than two gods because the fuck is lucky.
you look for arbitrage opportunities between different currencies. i can’t remember whether he just exchanges currency or buys futures or what. i think it’s foolish but like i said, this guy’s got more money than two gods so he’s gotten very very lucky with it.
It’s also pretty telling that all the crypto stuff is always measured in dollars. That said using usd does overall make money for the US by seigniorage.
That’s what I always tell people. A bitcoin or etherium or dogecoin or whatever they have is essentially valueless because it can’t be exchanged easily for goods and services. 100% of it’s value is derived from how much real, useable money you can exchange it for and nothing else.
The goal of an investment is to make money. Nobody owns a dollar hoping it’ll appreciate in value.
At best you might buy dollars as a hedge if you live in a country where the currency is inflating rapidly and you want to be safe from it. But nobody is buying into dollars as if they were stocks the way people do with crypto, which is what the husband in the OP probably did with ETH.
Currency isn’t supposed to be an investment. If it is, then it’s failed its job as a currency. There are cryptocurrencies that do a much better job at being a currency than eth or btc, which are TERRIBLE currencies, but great for gambling
deleted by creator
Obvious troll is obvious.
Nobody invests IN the US dollar though. A currency is not supposed to be an investment.
currency investors do exist. i know a dude who had more money than god and thought “huh, well let’s see” and now has more money than two gods because the fuck is lucky.
you look for arbitrage opportunities between different currencies. i can’t remember whether he just exchanges currency or buys futures or what. i think it’s foolish but like i said, this guy’s got more money than two gods so he’s gotten very very lucky with it.
Arbitrage is very different from buying into a currency as if it were a stock though.
If he’s making money consistently, then he isn’t lucky
that is exactly what everyone who is lucky says.
It’s also pretty telling that all the crypto stuff is always measured in dollars. That said using usd does overall make money for the US by seigniorage.
That’s what I always tell people. A bitcoin or etherium or dogecoin or whatever they have is essentially valueless because it can’t be exchanged easily for goods and services. 100% of it’s value is derived from how much real, useable money you can exchange it for and nothing else.
Lol thx, I thought it was a typo
Owning a dollar is an investment
The goal of an investment is to make money. Nobody owns a dollar hoping it’ll appreciate in value.
At best you might buy dollars as a hedge if you live in a country where the currency is inflating rapidly and you want to be safe from it. But nobody is buying into dollars as if they were stocks the way people do with crypto, which is what the husband in the OP probably did with ETH.
Currency isn’t supposed to be an investment. If it is, then it’s failed its job as a currency. There are cryptocurrencies that do a much better job at being a currency than eth or btc, which are TERRIBLE currencies, but great for gambling
Most sane .world world user be like
I wonder how much of Lemmy would disappear if I blocked .world
a lot of it.
No wonder the mods can be power trippers; they control most of Lemmy. Wasn’t decentralization supposed to prevent that? (Rhetorical question ).
Rhetorical answer