Welcome • User Guide
ToS • Privacy • Canary
Donate • Bugs • License

©2026 Poal.co

1.0K

It was at just under 30k like a month ago and it’s about to hit 50k. Speculators say it’ll go past 100k before the end of 2021.

I’m failing to see the value in holding the coin if the global economy tanks, but maybe one of you guys can enlighten me.

What’s going on? Am I dumb for putting most, (got a little crypto), of my money in assets and commodities instead?

It was at just under 30k like a month ago and it’s about to hit 50k. Speculators say it’ll go past 100k before the end of 2021. I’m failing to see the value in holding the coin if the global economy tanks, but maybe one of you guys can enlighten me. What’s going on? Am I dumb for putting most, (got a little crypto), of my money in assets and commodities instead?

(post is archived)

You are currently inside a comment thread.
Click here to see all the comments (38).
[–] • 1 pt (edited )

Crypto "currency" was designed to be a currency but instead is nothing more than a speculative financial instrument.

The USD valuations of Bitcoin, in my opinion, is nothing more than a bellweather for USD inflation because of the increase in the money supply over the last few years.

Is it good to have as a hedge to protect a portion of your wealth? Sure. Should you buy now? No. Whatever high it reaches once the momentum wears off will be due for a 50% retracement over the next few months/years. (Although I don't think the USD has years left, maybe 2 lol)(Also, hyperinflation hit Weimar Germany in 1922, so theres a bit of numerology in the date if that's your thing.)

Chances are good the valuation of Bitcoin in USD is going to the moon as our currency becomes worth less due to the inflation caused by Feds printing press. But there is a catch. There are no such thing as free markets in modern America. With the stroke of a stroke victims pen regulations could be set in place to determine how it can be used and how you can use it. All of corporate America, or at the very least the controllers of the net (FANG and so on), walk in lockstep with each other. Crypto could be outlawed and ISPs could shut that shit down harder than china. So theirs that.

One thing I've found is to stop hoping for the world to be better and just accept it for what it is. If you've got a bit of risk capital floating around. I wouldn't have a portfolio without some sort of Crypto in it. Human psychology is a hell of a thing.

EDIT:

I reflected on my post and my thoughts about the potential of decentralized digital currency. All things have growing pains but if cryto was adopted in such a fashion, as to not rely on the system in order to be in circulation, I think it would, once and for all, break the jewish money power of the world.