As you read this, CRYPTO dorks are getting BTFO in merciless selling. ETH is down to $375, BTC to $11,300 in a seemingly end to the recent rally. That goes without saying, frankly. I never bought ETH with the thought of capital appreciation. I bought it as a hedge against the very worst case scenario — dollar collapse.
It’s a low probability play and I hope it doesn’t happen, otherwise 95% of my net worth will vanish into plumes of smoke. ETH or BTC are merely insurance policies for me and I allocate about 2% of my monthly income into it — like paying a bill.
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Owning stocks is a short on the dollar as well, no?
no, stocks clear in dollars
Quality rural land will be something more easily enjoyed.
Yeah, but ole Fly’s shopping for country clubs. Might could be that he’d be better off considering a rural backup plan …in case sanity doesn’t break out.
What is that? Like $50/month or so you put into ETH i.e. 2% of your monthly income?
Good call Senor Fly. I think many will be joining you in the 1-2% allocation in near future. And that has many implications.