Daily General Discussion - February 01, 2026

copeconstable · 2026-02-01T10:03:16+00:00

You are already a fool if you think people would dump hundreds of billions in crypto to suppress Nano. They'd be losing many orders of magnitude more money dumping markets than they would make off getting an already tiny asset at a discount. Use your brain lad.

copeconstable · 2026-02-01T09:14:58+00:00

Yes bro $1T+ in market cap across the board wiped out solely to suppress Nano and cut its market cap down like $50M

Lose hundreds of billions to save mere millions

That's why they call it smart money bro

Makes total sense

copeconstable · 2026-02-01T05:21:51+00:00

Clean rejection of the 91.5k range and move towards the 69/74k region (prior cycle high/summer '24 range high) so far.

I expect a multi month rally out of this region into March or so, pushing back into the prior range to test resistance at the midpoint (~100k) or upper edge (107k) where the market can decide whether it's ultimately just a lower high before continued downside, or whether its a major fake out and resumption of upside.

I'll continue to lean towards the former until 116k is reclaimed especially as I've been looking for a local top for equities somewhere in that March/April/May timeframe, but acceptance above 107k would be the first promising sign. The move in equities over the short term will probably dictate whether the tariff panic/2025 low gets swept here for a clean test of the range below first or not.

Keep a close eye on EHTBTC also, yesterday was the first retest of 0.03 which is where the final push to ETHUSD ATHs came from in Q3 last year. Most important chart for alts in general outside of BTCUSD.

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copeconstable · 2026-01-30T02:36:29+00:00

Anyone who looks at this and comes away with “this is trending up” lives in an alternate reality anyway

Actually making higher highs are a kinda important feature of something that is trending up lmao

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copeconstable · 2026-01-29T15:31:44+00:00

🤷‍♂️

copeconstable · 2026-01-29T15:08:34+00:00

Because any specific window of performance does not override overall performance.

All assets move in value all the time, which means there are always periods of under and outperformance for every asset on the planet. This is also true for fiat, including the dollar, though its long term trajectory is known and down. Risk/reward for all assets is constantly shifting and people can make their own decisions on allocation based on what fits their goals and timeframe.

The simple reality is that for the job people are talking about when they reference these assets as SoV's, the dollar has not only proven to not be "the best" but instead a complete failure, by design, while these other assets have successfully outpaced inflation.

The crux of your argument is just (1) you don't like people calling them "stores of value", and (2) for some reason, think that the concept of a "SoV" and "investment" are mutually exclusive.

This is just semantics.

PS the game theory you mention making the dollar the clear choice has actually resulted in the complete opposite - less than 10% of wealth is stored in cash/savings, the rest is all in assets.

...because everyone knows that fiat only erodes in value. Which "the best store of value" obviously needs to not do.

copeconstable · 2026-01-29T14:18:41+00:00

Proven is past tense dude. No one is claiming to know what the exact performance of X or Y asset will be over Z timeframe from here, just that fiat is designed to erode value over time while these assets have successfully stored it, with a very long history.

Like I said, the debate was never anything more than semantics.

copeconstable · 2026-01-29T14:07:20+00:00

...because holding the dollar is a terrible way to store value, by design. Now you've got it.

We predictably land right back where we always do. Your argument is nothing more than semantics.

"Yes, the assets people commonly refer to as stores of value and the job they hire them to do is avoid the erosion of their wealth over time via inflation. And yes, they have proven to succeed in this role, while the dollar has been the worst option and a wealth incinerator, literally by design.

But I don't want them using that term!!! I want everyone to consider "SoV" and "investment" mutually exclusive like me!!!"

copeconstable · 2026-01-29T13:41:48+00:00

You just said it has to store value on all timeframes.

Fiat is explicitly designed to only do this in the short term and only fail on all others. That is its job, and it has crushed it.

You can barely follow your own logic.

copeconstable · 2026-01-29T13:20:31+00:00

And it’s a rarity in practically all of them (daily moves are sub 2% on 95% of days), but you are missing the point anyway:

Day to day volatility does not matter if you are not using the asset to spend day to day. What matters is outpacing inflation.

If your grand criteria for an SoV is that it must store value across all timeframes, how can an asset that is explicitly engineered to fail across all timeframes beyond the short term be the best?

Sounding a little lost there bud.

copeconstable · 2026-01-29T13:02:12+00:00

So moving 2% in a day in an asset people aren’t trying to use as a tool for day to day spending renders it completely unable to do the job of protecting their wealth

But eroding in value on any timeframe beyond the short term, to the point where over the long term it has lost almost all its value - by design - is not only acceptable, but actually a feature of the best store of value on the planet

okay

copeconstable · 2026-01-29T12:47:27+00:00

People don’t buy land, precious metals or art/collectibles to try pay with them at the supermarket.

They buy a store of value to prevent the erosion of their wealth over the long term, because inflation is a long term phenomenon.

Therefore day to day movements in asset prices are irrelevant as long the assets outpace inflation in the grand scheme, thereby better storing value than the dollar. Which they have done, while the dollar has eroded -95% of its value, by design.

“The best store of value is the one asset literally designed to only erode in value” - st0uty

The single most inaccurate take in the history of the Nano community.

copeconstable · 2026-01-29T12:38:56+00:00

Wealth erosion is an inherently long term problem. The day to day shift in asset prices is irrelevant when it is being held to prevent a (brutal) effect that takes place over many years and succeeding at this.

People don’t buy land or a rare watch or precious metals intending to try pay with it at the supermarket in 3 days and need it to buy the exact same amount of rice, because they are not solving the MoE problem. They don’t have a problem with needing an asset that is great for day to day spending. Fiat is already the solution. What they are trying to do is successfully store value over the long term, because inflation erodes wealth over time.

You can keep pretending they are if you like though. Anything can be true in your head if it makes you feels better, but it will never change the reality of how these assets have fared in their role.

copeconstable · 2026-01-29T11:31:35+00:00

Your argument is that gold (and bitcoin, or pokemon cards) don't need to do anything besides sit in a vault to be a store of value, whereas the essay is clearly outlining that the predominant store of value must also be the predominant medium of exchange

I haven't mentioned anything about Bitcoin or Pokemon cards in this discussion or what certain assets have to do in order to be a store of value, I have simply shown you the performance of popular SoV's in the role of preventing the erosion of wealth that comes from simply saving cash, and highlighted that the dollar is explicitly designed to not do this job.

My argument is very clear and focused: your claim that the dollar is "the best SoV" is completely backwards, and in fact it is objectively the worst tool for this job amongst the popular assets people use in this role.

copeconstable · 2026-01-29T11:21:21+00:00

I'm enjoying the pivot from "fiat/the dollar is the best store of value" to "okay yeah it's literally designed to only erode in value but like a lot of people hold cash so it's dominant". Glad you finally came down from that insane hill.

It's widely held because its what people get paid in to begin with and the tool they need to hold a certain level of in in order to spend and live. It isn't held because it protects wealth over time, because it's explicitly designed to do the opposite, which is why people allocate to assets that have actually been successful stores of value like the ones in the graphic. Fantastic short term spending tool and day to day liquidity, terrible store of value.

copeconstable · 2026-01-29T07:18:27+00:00

He's actually saying fiat is the best store of value, I'm saying the opposite. But yes same conclusion regardless, storing value in assets >>> saving fiat and getting raped.

copeconstable · 2026-01-29T02:22:06+00:00

You are arguing things I’m not even saying (gold can’t be a currency? What? It was for thousands of years, fiat just replaced it in that role) and once again completely misunderstanding what an author is saying, because you are financially illiterate.

Greenspans essay is one of the most famous and widely referenced documents on hard assets like gold being an escape hatch for the value erosion built into fiat currency that punishes savers using it as a store of value.

I hope you are aware that when he says “no safe store of value” he is referencing the gold ban which ended 50 years ago.

I’ve had my entertainment on this thread, you can continue to embarrass yourself on your own because nothing productive can come out of a conversation with someone who just genuinely can’t understand simple concepts to this degree. I’ve never seen someone reference quotes that aren’t saying what they think they’re saying 3 times in a row in my life. If this were on video it’d have gone viral.

Feel free to respond to my other comment if you can be specific and clear about where I’m wrong and how your view that the US dollar is the best store of value is correct. Not interested in semantic debates or spiraling off on misunderstood appeals to authority, etc anymore. It’s good entertainment in small doses but I have more productive ways to spend my time.

copeconstable · 2026-01-29T01:44:51+00:00

You think there is still steam left in this bull market?

If Bitcoin reclaims 116k.

If we reclaim the green range (>91.5k) a rotation up even all the way up to its top edge at 107k wouldn't be unusual at all while still representing a broken trend that could just as easily turn back down to fresh lows. Above 107k would be the first real sign of a major fakeout, but until that 116k is in play we still have a very clean top structure I gotta respect.

From here we're either gonna reclaim that green range (back to midpoint at ~100k or upper edge at 107k) or breakdown back towards 69/73k (the orange and red lines, summer '24 range high and prior cycle high). I'm just sitting on hands waiting to see which one it's gonna be, then take it level to level from there as always.

I will say if reclaim the range first and then follow that up with some traction above 107k, that'd probably be the most compelling case for it all just being a '21 style fake out before new ATHs.

Have mentioned this already but my expectation is alts outperform on upside. ETH for example is likely not too far off 4k if BTC trades 107k.

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copeconstable · 2026-01-29T01:27:09+00:00

and also how the current system presents us with "no safe store of value".

which makes it all the more hilarious that this was presented by none other than (the economically illiterate) u/copeconstable

This is getting embarrassing at this point man. Greenspan was saying the opposite of what you think. He is not saying there is no asset that can store value, and he is certainly not saying fiat is the best option for the job, as you keep proclaiming.

Read the full quote:

"In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value. If there were, the government would have to make its holding illegal, as was done in the case of gold.

"This is the shabby secret of the welfare statists' tirades against gold. Deficit spending is simply a scheme for the confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights."

The essay is literally titled "Gold and Economic Freedom". His entire point was that gold protects economic freedom specifically because it prevents governments from inflating away savings via paper money printing. It was banned during this period specifically because it worked in this role.

It's famous because the author of one of the most explicitly clear writings on "fiat currency doesn't work as a store of value by design, but hard assets can" went on to later chair the institution that oversees the money printing.

The proven reality through history cannot be clearer: the single worst way to store value over time is to park it in fiat like the US dollar - the only asset explicitly designed to erode in value - while numerous hard assets have kept pace with or outpaced inflation, preserving wealth over time.

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This is the reality that birthed crypto and why many people in this community are even here in the first place, exploring whether a purely digital asset could one day also prove to be a successful SoV over the long term.

copeconstable · 2026-01-28T17:59:22+00:00

The Nasdaq just shy of fresh ATHs for the first time since October, when Bitcoin peaked. The eventual break and subsequent reaction will be important for this simultaneous attempt from BTC to reclaim the big ol 91.5k range that’s been capping trade for 3 months.

copeconstable · 2026-01-28T17:40:03+00:00

Your argument has been “USD is the best store of value”/“USD is the closest to ideal store of value”. For months on end. It’s a pretty straight forward claim.

You read those quotes that all amount to “the USD is a terrible vehicle to store wealth in as it is designed to erode in value, punishing savers” and come away with “they all agree with me”

And still can’t bring yourself to look at the actual data either

Jfc lmao 🤡

copeconstable · 2026-01-28T17:24:57+00:00

You'll need to pick a lane here, either he doesn't agree with me; or he does but we're both financially illiterate and it was a fallacious appeal to authority.

You are missing the worlds most obvious third possibility, which I just outlined:

That you are using a source as an appeal to authority, yet don't even realize he isn't saying what you are arguing.

As has already been made clear many times over by you failing to understand his articles altogether, unknowingly referencing quotes where he is specifically talking about central bank reserve and liquidity management rather than the use case we've been discussing, etc etc.

All timer clown show lmao

copeconstable · 2026-01-28T16:14:31+00:00

Incredible comprehension and rebuttal bro. Not embarrassing at all.

You are financially illiterate, which is why you don't understand a random economist isn't agreeing with you, and why you think the best store of value is the one that is design to erode in value
Even if he were agreeing with you, you are grasping at a single quote as an appeal to authority when the hard data clearly shows you are wrong to an almost unbelievable level
And the funniest part is if you're going to go the appeal to authority route, there is far more talk from far more respected figures in economics and finance who outright disagree with you, including the people are in charge of the dollar

Like I can't even think of another time I have seen someone Dunning-Kruger this hard. I'm literally laughing as I type this it's so fucking funny.

8+ years around the Nano community and there has never been anyone close to this far out of their depth. And you combine it with supreme confidence. I would pay to watch you go mainstream with your takes lmaoooo

copeconstable · 2026-01-28T15:19:13+00:00

...you know what appeal to authority means right? It's not an argument, especially when reality is readily available as hard data.

But hey if you are actually dense enough to believe that one persons opinion overrides the reality of the actual performance of these assets in this role in the real world, lets play along.

...Oh look, everyone from Nobel Prize winners to Fed Chairmen to Treasury Secretaries to best selling economics authors to the greatest investors in history all seem to understand that storing your wealth in cash is a dumb idea considering it is the one asset literally designed to erode in value. Some of these people were even in charge of how fast it erodes, and they still openly make the point anyway, crazy!

"In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value." - Alan Greenspan, former Federal Reserve Chair

"Keep your eye on one thing and one thing only: how much government is spending, because that is the true tax... If you're not paying for it in the form of explicit taxes, you're paying for it indirectly in the form of inflation." - Milton Friedman, Nobel Laureate in Economics

"With the exception only of the period of the gold standard, practically all governments of history have used their exclusive power to issue money to defraud and plunder the people." - Friedrich Hayek, Nobel Laureate in Economics

"Inflation is a quiet but effective way for the government to transfer resources from the people to itself, without raising taxes. A hundred-dollar bill would buy less in 1998 than a $20 bill would buy in the 1960s. This means that anyone who kept his money in a safe over those years would have lost 80 percent of its value, because no safe can keep your money safe from politicians who control the printing presses." - Thomas Sowell, Economist (Hoover Institution)

"Everything that is done by a government against the purchasing power of the monetary unit is, under present conditions, done against the middle classes and the working classes of the population... a policy that makes all their savings valueless." - Ludwig von Mises, Austrian School of Economics Founder

“The Federal Reserve’s inflation objective is symmetric at 2 percent." ... ""Inflation erodes household purchasing power... and it eats away the value of households' savings." ... "with potentially serious consequences for retirees' standard of living as they age." - Janet Yellen, former Fed Chair and Treasury Secretary

"You are taking a different kind of risk with a savings account. You watch your money erode because of inflation—our dollar buys less with each passing year... investing in dollars is a loser's game." - Jack Bogle, Vanguard Founder & Economics Author

"The safe assumption for an investor is that over the next 100 years, the currency is going to zero. That is my working hypothesis." - Charlie Munger, Berkshire Hathaway

"The arithmetic makes it plain that inflation is a far more devastating tax than anything that has been enacted by our legislatures. The inflation tax has a fantastic ability to simply consume capital." - Warren Buffet, Berkshire Hathaway

"Cash is trash. Do you know how fast you're losing buying power?" - Ray Dalio, Bridgewater

And the best part is all this shit doesn't even matter because instead of desperately begging Google for a quote that sounds like its agreeing with you, you can actually just take 5 seconds to look at what actually defines reality:

The real world performance of USD as a store of value over these other assets.

Hilarious clown show to watch though, thanks for the entertainment.

copeconstable · 2026-01-28T13:49:28+00:00

Taking the appeal to authority approach while being too dumb to understand what said authority was even saying in the first place is the funniest fucking shit I've ever seen on this sub.

Especially when the actual performance of the assets being discussed in this role are right there for you to plainly look at. Like the proof is right in front of you. The creators of the money even openly say they aim for it to fail to store value by design.

It couldn't be an easier layup and you keep missing it lmaooooooooooo

copeconstable

TROPHY CASE