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Investment Strategies / Mechanical Investing
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Author: Umm 🐝  😊 😞
Number: of 5386 
Subject: Re: OT: Bitcoin FOMO
Date: 11/15/24 6:15 PM
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No. of Recommendations: 18
"Certainly, animal spirits contribute a great deal to the buying in any asset rising rapidly in price, but anyone even vaguely familiar with cryptoworld knows there are numerous, not necessarily irrational, cases for a store of value with a finite supply in the context of unprecedented levels of debt associated with fiat currencies."

I think it is very irrational to call something a "store of value" when it has multiple 25%+ moves in either direction every couple of months. That is literally the complete opposite of a store of value.
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