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Coinbase targets financially vulnerable young adults

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Re: Coinbase targets financially vulnerable young adults

#121

Post by dragontamer »

roenxi wrote: post #114
dragontamer wrote: post #109

Earlier quoted context omitted.

> 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…

> 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

So you're saying that your "inflation hedge" has no appreciable correlation to inflation or monetary supply over 18-month periods?

> And "Inflation hedge" has been redefined to be something that isn't very useful for investing.

"Inflation Hedge" is just bullshit. Its easy enough to call out. If you want a real reason to invest, then tell me the real reasons. Don't make up bullshit terms.

Re: Coinbase targets financially vulnerable young adults

#122

Post by mikhael28 »

roenxi wrote: post #101
avree wrote: post #76

Earlier quoted context omitted.

Weird, I know friends who lost all their savings to cryptocurrency. Don't know anyone who lost all their savings due to inflationary monetary policy.

1) Are you sure? Inflationary monetary policy is literally "people who try to hold cash will lose all their savings over 50 years". You must know someone who tried that; it's an easy mistake to make and most people are really bad at understanding investment. 2) The Bitcoin price is currently comparable to its all-time highs. So someone who lost all their money on crypto was doing something more exotic than just buyin…

There's an old expression - instead of try to save money on your taxes, find a way to make more money instead.

I would give the same advice to people who freak out 'oh my god, inflation, it's going to eat all my money, even though I live in stable America and not Argentina' - chill out. Instead of freaking out and putting your money into unstable investments that have a high non-zero change of going to zero, find a way to make more money.

Stories of people who put their money into risky investments that promised high interest, only to lose their shirt, are quite common in crypto at least - those people would have been much better served just keeping their cash.

Re: Coinbase targets financially vulnerable young adults

#123

Post by mikhael28 »

soup10 wrote: post #56
fckgw wrote: post #38

Earlier quoted context omitted.

Oh wow you should be a copywriter for Coinbase

Unfortunately it's been like this since the beginning of crypto, everyone who buys in becomes a tireless advocate for their "investment".

Shilling. Endless shilling.

Re: Coinbase targets financially vulnerable young adults

#124

Post by dragontamer »

datadata wrote: post #110
dragontamer wrote: post #108

Earlier quoted context omitted.

It sounds like you're trying to tie BTC to the monetary supply. BTC goes up when M2 increases, and possibly goes down when M2 goes down? So why is BTC going up when M2 is shrinking for the past 18+ months? https://fred.stlouisfed.org/series/WM2NS

Not sure, it is just a correlation not an iron rule and definitely not the only influence. The shrinking here of m2 is much much smaller than the previous increase was as well.

> it is just a correlation

Correlation of what, to what, and what's the R-value? Across what time frame?

https://en.wikipedia.org/wiki/Correlation

These words normally have _meaning_ ya know. They're not just things you toss out in a meaningless online discussion.

Re: Coinbase targets financially vulnerable young adults

#126

Post by dragontamer »

Geisterde wrote: post #118
dragontamer wrote: post #105

Earlier 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.

Zimbabwean dollars foretell the fate of all paper currencies, they might have some monetary qualities, but they lack the important bits like hardness.

Lunacoins / Terracoin foretell the fate of all cryptocurrencies. They might have some monetary qualities, but they lack the important bits like hardness.

The problem with vapid statements is that I can just copy/paste your argument and change the words around... demonstrating how its a useless phrase all together.

-----------

"Inflation Hedge" would be a truly useful thing. That's why it sticks, because people desperately want to prove BTC to be useful. Unfortunately, the stats just don't work out, so you see people twisting the meaning of "inflation" and "hedge" in this very thread.

"Hedges" are things that have high amounts of correlation. (Ex: Hedge on gasoline would be buying assets correlated with gasoline. Exxon, or maybe Brent Crude). And the r-value / correlations can be readily demonstrated. Either positive r-value or negative, it doesn't matter. The important bit is that there's a strong correlation (or anti-correlation).

Re: Coinbase targets financially vulnerable young adults

#127

Post by infamouscow »

eropple wrote: post #98
infamouscow wrote: post #41

Earlier quoted context omitted.

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.

"Nobody is going to waste time indulging in my sealioning, so they're liars." I'm also not going to waste my time indulging in it, but it's worth pointing out for passers-by that that's exactly what this is. It's a low-effort rhetorical gambit designed to waste time demonstrating from first principles something that the questioner isn't going to change their mind about anyway just because somebody more clued-in than…

How exactly are you arriving at racism without first explaining why economic, political, and military relations between these countries were not the cause? Are the continued sanctions of Cuba racist? What is the discerning factor for why Biden continues these sanctions in the year 2023?

The word "racist" has been so over-used by activists to silence dissenting voices pointing out how brain-dead their ideas really are, that the word has lost all meaning. Just imagine if the word "dumb" had the same effect. How long would it take before it's meaning is completely eroded away to protect indefensible positions? That's is where we are.

I'm convinced there is no legitimate rationale here other than "orange man bad". This is very easy to falsify, but the fact there's a continued refusal to engage in the argument presented speaks for itself.

Re: Coinbase targets financially vulnerable young adults

#128

Post by roenxi »

dragontamer wrote: post #121
roenxi wrote: post #114

Earlier quoted context omitted.

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…

> 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 So you're saying that your "inflation hedge" has no appreciable correlation to inflation or monetary supply over 18-month periods? > And "Inflation hedge" has been redefined to be something that isn't very useful for investing. "Inflation Hed…

I'm specifically not calling anything an inflation hedge [0]. I don't consider anything you'd accept as inflation in my investing. I'm looking at money creation.

And you are correct that I also disregard correlations over 18 month periods. I suspect most small-timers do. It isn't clear to me why that would matter.

[0] To clarify what I meant a few comments ago, I meant what most other people would call an inflation hedge in common parlance - ie, something that can't be printed. I don't think they'd be using the term in a way that has an actual definition though, and I don't expect that sort of asset to have anything to do with the inflation rate when it comes to price performance.

Re: Coinbase targets financially vulnerable young adults

#129

Post by Geisterde »

dragontamer wrote: post #126
Geisterde wrote: post #118

Earlier quoted context omitted.

Zimbabwean dollars foretell the fate of all paper currencies, they might have some monetary qualities, but they lack the important bits like hardness.

Lunacoins / Terracoin foretell the fate of all cryptocurrencies. They might have some monetary qualities, but they lack the important bits like hardness. The problem with vapid statements is that I can just copy/paste your argument and change the words around... demonstrating how its a useless phrase all together. ----------- "Inflation Hedge" would be a truly useful thing. That's why it sticks, because people desper…

Hardness is literally a monetary quality, its a moneys resistance to inflation. If the Zimbabwean dollar were to gain value it would be immediately printed into oblivion, exploited for all its worth. The same does go for basically every cryptocurrency, bitcoin is the only one whos total supply is fixed, reliably. Your ignorance of these monetary qualities and what role they play does not make it a vapid arguement.

Re: Coinbase targets financially vulnerable young adults

#130

Post by dragontamer »

Geisterde wrote: post #129
dragontamer wrote: post #126

Earlier quoted context omitted.

Lunacoins / Terracoin foretell the fate of all cryptocurrencies. They might have some monetary qualities, but they lack the important bits like hardness. The problem with vapid statements is that I can just copy/paste your argument and change the words around... demonstrating how its a useless phrase all together. ----------- "Inflation Hedge" would be a truly useful thing. That's why it sticks, because people desper…

Hardness is literally a monetary quality, its a moneys resistance to inflation. If the Zimbabwean dollar were to gain value it would be immediately printed into oblivion, exploited for all its worth. The same does go for basically every cryptocurrency, bitcoin is the only one whos total supply is fixed, reliably. Your ignorance of these monetary qualities and what role they play does not make it a vapid arguement.

Why is BTC so correlated to DOGE?

Why is there such a correlation between all cryptocoins and BTC?

Methinks your definition of "hardness" isn't as important as you think it is.

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