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by Nursie 1433 days ago
We can do that, and I'm not sure I would like to make a prediction about the price of any particular cryptocurrency asset that far ahead.

But I'm also not sure what that has to do with my posts further up, which are saying that another claim about cryptocurrency, that it's a hedge against the stock market and the wider financial system, is wrong. If you're trying to say "Well it might work out, longer term!" then I'm not really sure it qualifies as hedge at that point, you're just talking about another investment which it turns out is quite strongly correlated to the general financial markets.
1 comments
aaaaaaaaata 1433 days ago
> that it's a hedge against the stock market

It can be, but still be correlated right up until that moment.

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Nursie 1432 days ago
Except it's not, it's literally just shown that when the stock market takes a dive and times generally get tighter, it crashes worse than everything else.

The claim is a bust.

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