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InvisibleAsante
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Crypto a safe haven? Don't count on it!
    #27815661 - 06/12/22 06:53 AM (1 year, 7 months ago)

I'm going to state opinion here so, by all means prove me wrong.

One of the arguments made for crypto has always been that in times of economic instability, that crypto can offer a safe haven for capital to be hedged into.

I utterly disbelieve.

If capital.gets pumped into a cryptocurrency, it will trigger whales to sell and deflect the capital elsewhere, not just daytraders, but targets will.get hit and sell orders tripped electronically.

The effect you get is exactly at the time large capital moves into crypto, its like throwing a ham in a piranha tank.

So no, to me crypto doesn't seem to be the safe haven for capital, at the time markets and currencies, thus also stablecoins, become unstable, exception being tokenised gold (PAXG) for being linked to gold, not fiat.

Best bets in those times still.are real estate  essential stocks and gold.

None of us have capital to dump in case of emergency, but don't count on crypto suddenly going through the roof for any reason, because profits will be taken before it gets somewhere super compelling.


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Onlineashfiken
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Re: Crypto a safe haven? Don't count on it! [Re: Asante] * 1
    #27815731 - 06/12/22 08:24 AM (1 year, 7 months ago)

Absolutely, no 'risk asset' is safe.

But safety be damned when inflation eats your capital.
In the US, there used to be safe and reasonable options besides hedging in metals. Cds used to give decent inflation fighting rates at one point, annuities, bonds, used to be good options, hell even savings accounts used to be able to wage a fight against inflation.

None of that has been the case for many years. It forces capital to risk assets, and forces capital to be at the whims of the market. This is no problem for those with plenty, but leaves meager options for those that don't.
Esp when staving off inflation on necessity goods, retail investors will turn to the safer stores of value.
While those with real capital will advantageously sit back and fill their coiffeurs with stocks on sale, and will squeeze another bit of wealth out of the rest of the population in doing so, as well as, into the next cycle, maintaining that ability.
Rinse and repeat.
One would be very wise to strategize without HAVING to use any risk assets to maintain/build wealth, and ensure that their necessity items are well stocked, so that as inflation here continues to run rampant, one won't lose everything they have financially, by simply surviving.
If this is achieved, Then deploying whatever is left into risk assets, regardless of which ones, is really the only means to stop the blood from being drawn, ad nauseam. Using different methods in both tradfi and defi one can manage to at least keep your buying power, and increase it slightly even, but it takes a lot of discipline, time, analysis, and capital to really make gains in a market that's not a bull.

So in short, you want safe, Stay in a bull market, get out in bear


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InvisibleAsante
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Re: Crypto a safe haven? Don't count on it! [Re: ashfiken]
    #27815734 - 06/12/22 08:29 AM (1 year, 7 months ago)

Gold has that annual 8% and upward correction seems overdue.


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Onlinesyncro
Registered: 01/14/15
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Re: Crypto a safe haven? Don't count on it! [Re: Asante]
    #27816044 - 06/12/22 12:40 PM (1 year, 7 months ago)

Longer term - how do you think holding btc, the main ones, will be in five, ten years? I think it will turn out as best place to be again. I need to learn to balance out a little more at the tops though.

Ok, lets do it, btc prediction in five years. I'll go $250k, conservatively. (not financial advice) Problem is, like you said, $250k means hitting that and dropping 80% again. But overall bull macro trend.


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InvisibleAsante
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Re: Crypto a safe haven? Don't count on it! [Re: syncro]
    #27816271 - 06/12/22 03:20 PM (1 year, 7 months ago)

In 5 years something way better than most cryptos and especially way better than BTC will.have drawn the big money away.

Crypto will.then be something archaic like stamp collecting.

Something better will.come, everybody races into the new market because that's where the action is and a whole lot of especially smaller crypto fishes will.be left holding the bag.

Remember LUNA tanking from $80 to $0.00003 in practically an.hour? Like that, across the whole playing field, while you're on the toilet.

A few whales coordinate a move, no doubt including Musk, and bam - a trillion pulled out of all aspects of the market in a single minute as an exit strategy. 
:pointmade:


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OfflineAnahata


Registered: 02/25/12
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Re: Crypto a safe haven? Don't count on it! [Re: Asante]
    #27816334 - 06/12/22 03:53 PM (1 year, 7 months ago)

One day Salt will be worth it's own weight in salt.


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InvisibleAsante
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Re: Crypto a safe haven? Don't count on it! [Re: Anahata]
    #27816344 - 06/12/22 04:06 PM (1 year, 7 months ago)

Salt has substance though. 250mg will always make a tasty omelet. The LUNAthat was went the way of betamax.


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OfflineForresterM
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Re: Crypto a safe haven? Don't count on it! [Re: Asante]
    #27816389 - 06/12/22 04:34 PM (1 year, 7 months ago)

Quote:

Asante said:
In 5 years something way better than most cryptos and especially way better than BTC will.have drawn the big money away.

......

A few whales coordinate a move, no doubt including Musk, and bam - a trillion pulled out of all aspects of the market in a single minute as an exit strategy.




While I strongly disagree with the first statement, it is entirely possible I guess.  And the possibility of a massive rugpull in the 2nd part of that quote is something I've wondered about.  Like is it even possible with so many separate large entities (corporations etc) having so much in BTC for that to happen?  I wonder sometimes...


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InvisibleAsante
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Re: Crypto a safe haven? Don't count on it! [Re: Forrester]
    #27816421 - 06/12/22 04:54 PM (1 year, 7 months ago)

A sudden strong move upwards or downwards would cause a chain reaction as so many sell and buy orders are tripped automatically.

I hope the Money Matters crew can keep.each other not just out of trouble but into the sweet moves right before they happen.

Let's stay on the ball and keep.vividly communicating so that the right facts can meet the right reasonings.


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Onlinesyncro
Registered: 01/14/15
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Re: Crypto a safe haven? Don't count on it! [Re: Asante]
    #27816823 - 06/12/22 09:24 PM (1 year, 7 months ago)

Hitting new lows as we speak.


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InvisibleFiery
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Re: Crypto a safe haven? Don't count on it! [Re: Asante]
    #27819996 - 06/14/22 09:05 PM (1 year, 7 months ago)

Quote:

Asante said:
In 5 years something way better than most cryptos and especially way better than BTC will.have drawn the big money away.

Crypto will.then be something archaic like stamp collecting.

Something better will.come, everybody races into the new market because that's where the action is and a whole lot of especially smaller crypto fishes will.be left holding the bag.









Like honestly though, what on earth would that be??? You say in 5 years crypto will be archaic like stamps? No way man!


Hopefully we're both here to see, huh?


BTW, I still collect stamps :smile: just for fun though)--- because here in America we have " Forever Stamps" Which in a way are a hedge against inflation if you ship things like for a small business like I do sometimes.


I but the dutch don't have "forever stamps? " though? I bought a bunch when they were 45 cents and now the post office is suggesting a price of 60 cents for this summer. So yeah, that's a decent investment, if you ship things...




But back to your prediction about crypto....


To me this could never happen because Crypto actually serves a purpose in the financial world and will always hold some value as a way to transfer large amounts of money .


Maybe all the smaller ones will die out, but one, if not a few cryptos will not only exist but probably be sky high in price, in 5 years...


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InvisibleTheFakeSunRa
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Re: Crypto a safe haven? Don't count on it! [Re: Fiery]
    #27820150 - 06/14/22 11:29 PM (1 year, 7 months ago)



--------------------
[quote]Asante said:
You constantly make posts thatr fling middle school insults at people you don't like mixed in with maladjusted psychopathic comments about wanting to beat up the other poster with a crowbar.

You know how shit you are, you just don't give a fuck for precisely that reason.

I disendorse you.[/quote]


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