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by hazov 4820 days ago
I think there's too much wishful thinking in your analysis, first people that are really rich are only interested in two things, one is that their wealth do not lose value, they will go to bitcoin, private equity, platinum, dollars, North Korean wons, stocks, fixed income titles, futures, whatever only to have this as a guarantee. The second is to increase their wealth.

Now your post appears to talk about the first point, which I agree, I only do not see how you jump to the conclusion that bitcoin is more stable than Swiss francs for example, stability is the guarantee that you'll not lose money if you trade all your wealth from one state to another, I do not see how bitcoin guarantees that (no store of value does), the only real alternative to not lose value is diversification, put your money in as many different things as you possibly could, never let a bank have more than 20% of your entire cash money, buy as many different investments as you could, precious metals, stocks, solid bonds and let them be on safes or clearing houses that's not attached to a bank.

And most important stay away from banks from countries with large public debt.