coinbase made me a lot of money last cycle. don't play a pvp game for money if you don't have an edge.
My edge: the Fed's discretion
an understanding of global macro/liquidity cycles is indeed an edge :)
Coinbase targets financially vulnerable young adults
111–120 of 167 posts
Re: Coinbase targets financially vulnerable young adults
#112Earlier quoted context omitted.
being biased against racism and authoritarianism is good
What executive orders has Trump signed that are racist or authoritarian? Please list the EO numbers and explain your rational of how you arrived there using the text in the EO, rather than some highfalutin opinion written by an activist. I keep hearing this, but nobody can seemingly answer such a simple question. I can only conclude they are blatant liars and propagandists.
You can always twist anything into enough knots to construe it as "blatant lies and propaganda" – clearly you've already made up your mind – so this is not an exercise worth doing for anyone.
Re: Coinbase targets financially vulnerable young adults
#113Earlier quoted context omitted.
You are being pedantic, bitcoin has monetary qualities that put it in contention in this regard.
Okay. * Zimbabwean dollars aren't being made anymore. * Lunacoins / Terracoin isn't being made anymore. Do these have any reason to go up? And they are (were) real currencies / cryptocoins.
> * Lunacoins / Terracoin isn't being made anymore.*
Actually, it is. There is even activity in the repos.
https://github.com/terra-money
People still trade it too:
https://coinmarketcap.com/currencies/terra-luna-v2/
I don't agree with it personally, but just clarifying a fact.
Re: Coinbase targets financially vulnerable young adults
#114Earlier quoted context omitted.
CPI has typically not been keeping pace with the amount of money creation afoot [0]; attempting to index against the CPI seems like a way to end up with low quality investments. IMO if an asset isn't comparable to the M2 it is quite questionable; I'd expect inflation hedges to act more like gold, on average showing "real" returns. Seems likely the time horizon you're talking about is too short in this case. The last…
> IMO if an asset isn't comparable to the M2 it is quite questionable; M2 has shrunk for the last 18 months. Anything correlated to M2 would have similarly shrunk for the last 18 months... which is basically nothing being discussed in this topic. ------------ "Inflation Hedge" is traditionally CPI, maybe PCE if you're being fancy. There's a few other inflation indicators but they're all within a magnitude (and well c…
Unless you expect people to cash out their life's savings every 12 months, I don't see why anyone should care if an asset's price is correlated to the last 18 months of the M2. It just needs to be something that tends to do better than the M2. If it isn't doing at least that well, sell out and buy something that is.
And "Inflation hedge" has been redefined to be something that isn't very useful for investing. You'll notice I'm talking about prices going up due to money creation, not inflation. I choose my words carefully there, we don't have a pithy term for that effect as far as I know.
Re: Coinbase targets financially vulnerable young adults
#115Earlier quoted context omitted.
You act like BTC is only available in the US.
Anti-crypto people these days have to do a lot of mental gymnastics to avoid the truth that Bitcoin (now called Bitcoin Cash) has worked perfectly for over a decade with almost no downside if you just buy slowly over time and hold/spend. Bitcoin Cash works great and has for over ten years.
Bitcoin cash isn't real Bitcoin.
Re: Coinbase targets financially vulnerable young adults
#116"The ads, which are on heavy rotation on cable television ..."
I have literally never seen a coinbase video ad in my life. Anywhere.
Re: Coinbase targets financially vulnerable young adults
#117Earlier quoted context omitted.
Okay. * Zimbabwean dollars aren't being made anymore. * Lunacoins / Terracoin isn't being made anymore. Do these have any reason to go up? And they are (were) real currencies / cryptocoins.
> * Lunacoins / Terracoin isn't being made anymore.* Actually, it is. There is even activity in the repos. https://github.com/terra-money People still trade it too: https://coinmarketcap.com/currencies/terra-luna-v2/ I don't agree with it personally, but just clarifying a fact.
I'm not talking about terra-luna v2.
I'm talking about v1.
Re: Coinbase targets financially vulnerable young adults
#118Earlier quoted context omitted.
You are being pedantic, bitcoin has monetary qualities that put it in contention in this regard.
Okay. * Zimbabwean dollars aren't being made anymore. * Lunacoins / Terracoin isn't being made anymore. Do these have any reason to go up? And they are (were) real currencies / cryptocoins.
Zimbabwean dollars foretell the fate of all paper currencies, they might have some monetary qualities, but they lack the important bits like hardness.
Re: Coinbase targets financially vulnerable young adults
#119Earlier quoted context omitted.
One Black employee, cited in the report, said that “her manager suggested in front of colleagues that she was dealing drugs and carrying a gun.” Another Black employee said that a co-worker “broadly described Black employees as less capable” during a recruiting meeting. The company told employees that the story painted "an inaccurate picture.” Is it really a concern troll political hit-piece, though? These seem like…
Consider the title of another recent article from the same publication: "10 alarming things Trump has promised to do in a second term"
I mean, ol' mini-hands _has_ promised to do some deeply alarming things if he gets a second term; I'm not entirely sure what your point is?
Re: Coinbase targets financially vulnerable young adults
#120Of all the antagonisms for young adults, I would say an easy method to buy cryptocurrency and hedge against inflation is not one of them. The much more significant antagonist for financially vulnerable young adults is the Federal Reserve and its inflationary monetary policy that has priced many out of ever owning a home. Furthermore, the elite's industrial policy of offshoring manufacturing to China, deindustrializin…
> The much more significant antagonist for financially vulnerable young adults is the Federal Reserve and its inflationary monetary policy that has priced many out of ever owning a home
The Federal Reserve doesn't control housing policy; local politics (often NIMBY's) do. House prices are high because there are not enough houses in cities where NIMBY's control the city council. No amount of interest rate adjustments will lower house prices if there are not enough houses to begin with.
The alternative to high interest rates from the Fed is high inflation, and inflation is even more harmful to the average citizen. There's a reason Powell keeps emphasizing stable price levels in every single speech he gives, because high inflation is something that must not be allowed to happen.
Cryptocurrency is not an inflation hedge, it's way too volatile for that. Cryptocurrency is the most speculative of speculative investments, and one must buy in knowing that you're flipping a coin and praying that it lands on tails.