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pskiba

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pskiba
·قبل 5 سنوات·discuss
Yes and no, unless you have a magic ball its best to DCA. Maybe at best, you could do a modified DCA so that you're not buying Bitcoin when its at all time highs.
pskiba
·قبل 5 سنوات·discuss
Do you treat your 401k the same way?
pskiba
·قبل 5 سنوات·discuss
The original comment was about protecting yourself against inflation. Not sure how your comment is related.
pskiba
·قبل 5 سنوات·discuss
> The reason why we have inflation and debt is to keep the value of our currencies stable

A stable currency would have an inflation rate of 0%. Inflation does not cause currency stability, it decreases the value of the currency.

By definition, its value is changing.
pskiba
·قبل 5 سنوات·discuss
If your time horizon is long enough, volatility shouldn't matter. Historically speaking Bitcoin is getting less volatile with every market cycle. I would not be surprised if in the future its volatility is comparable to the S&P500.

Why would any sane person invest in real estate? You have maintenance costs, property taxes, it's not liquid and you can go years with little growth. Not to mention if your area see's hard economic times (i.e. Detroit), the chance of a rebound is slim.
pskiba
·قبل 5 سنوات·discuss
Maybe if he meant less than 5% of miners make money. I could potentially believe this, given the competitive nature of mining.

However, as an investment, as of right now, there is only a span of a few months where if you bought Bitcoin you would not be in the green right now.
pskiba
·قبل 5 سنوات·discuss
This is not true, saturation points on staking pools exist to encourage people moving to other pools, this causes more decentralization not less. Additionally, from a hardware perspective setting up a pool takes significantly less capital compared to PoW mining.
pskiba
·قبل 5 سنوات·discuss
I'm not sure I get your argument, staking takes significantly less powerful hardware so its very accessible.

Staking pools also have a "saturation point" to encourage decentralization. That way not all 80 Billion dollars worth of ADA goes to one staking pool.

Very hard to see how oligopolies can arise in this scenario when compared to mining operations that are unprofitable to most users (and of course bad for the environment).