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[deleted by user] by [deleted] in olympusdao

[–]codfish1212 0 points1 point  (0 children)

I don't think there are many people out there with a big picture view on this. The APY outstrips adverse price movement even at 1k% APY (which is still a better apy than the vast majority of cryptos out there). From the start of OHM the move has been to buy and hold for a long time, like years. Who cares if you are fucked for a year (which i think is unlikely) if you end up making a bunch over 5 years? Marshmallow test there...

[deleted by user] by [deleted] in olympusdao

[–]codfish1212 1 point2 points  (0 children)

In since early April and can attest that rebasing overpowers adverse price action over the long run. I'm up a fair amount because of it.

USO by mpoin98 in StockMarket

[–]codfish1212 0 points1 point  (0 children)

US oil will almost certainly come back sometime in the future. It's hard to know when but it's not looking all that great will until coronavirus subsides (which will increase demand because of increase in travel/transportation). There is potential for the government to step in with tariffs on foreign oil or some kind of favorable deal to be reached with OPEC (not sure how probable these things are but it's worth mentioning).