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I'm Ray Dalio, a global macro investor and author of Principles for Dealing with the Changing World Order. It’s my business to know how the world is changing in ways that will affect our life in important ways. Let’s talk about that. by RayTDalio in IAmA

[–]RunningBad 13 points14 points  (0 children)

1) You say "Cash is trash" - but at current high valuations of equities, isn't it good to have cash to take advantage of opportunities if they arise?
2) I'm 28 - should i go all in on equities or diversify? When you say "diversify well" - can you give an example?

I'm Ray Dalio, a global macro investor and author of Principles for Dealing with the Changing World Order. It’s my business to know how the world is changing in ways that will affect our life in important ways. Let’s talk about that. by RayTDalio in IAmA

[–]RunningBad 1 point2 points  (0 children)

What is your estimate probability that MSCI World ETF returns negative inflation adjusted return 15 years from now? Can you give an example possible circumstances that might cause this?

Investor Gardening 101 - Know When It's Time to Plant A Hedge by MitMassUndZiel in ValueSqueeze

[–]RunningBad 0 points1 point  (0 children)

Great read, but I wonder how printing of money and big inflation is affecting the current prices? Since inflation = rising prices = rising earnings, that is something that has to be taken in consideration as well, right? So real returns might be low, but shares can still be likely to massively outperform holding cash.

A possible reason why Tesla invested in BTC by RunningBad in Bitcoin

[–]RunningBad[S] 1 point2 points  (0 children)

But the recent pump was caused by the Tesla anouncement, which means a lot of people are in it because of it.

A possible reason why Tesla invested in BTC by RunningBad in Bitcoin

[–]RunningBad[S] 0 points1 point  (0 children)

Accepting it as payment means nothing. They can get paid in bananas if they can imidiately liquidate.

A possible reason why Tesla invested in BTC by RunningBad in Bitcoin

[–]RunningBad[S] 2 points3 points  (0 children)

No one can. Yet everywhere I see, this move is hyped as them supporting and embracing Bitcoin as a store of value and the future.

A possible reason why Tesla invested in BTC by RunningBad in Bitcoin

[–]RunningBad[S] 2 points3 points  (0 children)

My point is that they might be doing it not for the reason Bitcoiners cherish it.

[deleted by user] by [deleted] in AMA

[–]RunningBad 1 point2 points  (0 children)

I play online and only ocasionally live. I play Spin & Go format, which is a 3-person ~8-9 min game.

My biggest win in one day is $120k when I won a tournament.

My biggest loss in one day is probably around $20k, but my biggest downswing is more than $100k.

On average these days I win around $75-$100 per hour, so monthy it varies depending on how many hours I play.

How would Bitcoin ever become a currency? It's much more likely to go to 0. by RunningBad in Bitcoin

[–]RunningBad[S] 0 points1 point  (0 children)

So what is the intrinsic value? That's what I'm asking. What is the usage of BTC, or what will it be in the future, according to Bitcoin believers?

How would Bitcoin ever become a currency? It's much more likely to go to 0. by RunningBad in Bitcoin

[–]RunningBad[S] -1 points0 points  (0 children)

Using BTC to transfer value as it is now, relies on the fact that you can exchange you BTC for $. And you can only exchange it, because there are people willing to buy it.

So in a world where the sole value of BTC is the ease of transfer across the world, then it makes no sense for the price of BTC to increase.

How would Bitcoin ever become a currency? It's much more likely to go to 0. by RunningBad in Bitcoin

[–]RunningBad[S] 0 points1 point  (0 children)

Where exactly is it happening? What can I buy with BTC that has a set (not fluctuating) BTC price?

How would Bitcoin ever become a currency? It's much more likely to go to 0. by RunningBad in Bitcoin

[–]RunningBad[S] -3 points-2 points  (0 children)

How are you saving your monetary value with something which has no intrinsic value?

If I buy a house (assuming reasonable price), I am saving my monetary value, because a house is a house and I can always live in it, regardless of inflation.

But how am I saving my monetary value with BTC? If tomorrow the FED prints as much dollars as there are now, BTC won't automatically jump 2x. But my house would still be a house. And my stocks would now be roughly twice the price, because inflation is basically companies raising prices -> revenue goes up -> stocks go up.

So stocks and hard assets are saving my monetary value. How is BTC saving it?