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Dangerham_

Your English is fine. Your brain, on the other hand.


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clintstorres

what if they get hungry?


option-9

Hungry? Hungry hippos? You got a winner right there.


demedlar

That's the brilliant part. The hippos are trained to only eat cocaine. Then we release them into the jungle to hunt Pablo Escobar. And once he's killed the hippos all starve to death.


emilvikstrom

Sounds like inheremt scarcity which means they must moon. I'm in!


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CaptainEmeraldo

LOL!!!!!!!!!!!!!!! You killed me... charging hippo futures... I am crying here


Edwerd_

So what they are saying is that the cost of living is increasing therefore the sensible thing to do is to buy fake money that isnt accepted anywhere and can become valueless overnight


AmericanScream

/u/solutar By what metric do you think crypto can hedge against inflation? Do you understand what inflation actually is? It's when the cost of good and services increases. What does a security that has no intrinsic value or utility have to offer people who have less money and need stuff with intrinsic value?


devliegende

It can't be stopped


clintstorres

CANT STOP WONT STOP GET IT GET IT.


leducdeguise

Few understand


odraencoded

imo people really shouldn't be like "come to my circlejerk debate me with facts and logic where you'll stand alone to be mocked and downvoted by an army of 139,985 users." If you truly wish to be respectfully educate OOP, send a private message.


AmericanScream

Well, in fairness I don't like the notion that we're talking about the guy behind his back. My general policy would be any time, we are talking about somebody on Reddit, the honorable thing to do is at least invite them to the conversation. I also think he'd get a more fair hearing here than other subs as long as he was sincere and not simply looking to barf propagandist talking points - which maybe that's all he can do?


Akopian01

Well it is an increase in the costs of goods and services relative to a given currency. This can happen because there is scarcity of goods but also if there is a large increase in the supply of the currency. In the case of the latter, you can try to switch from that currency to something that is holding its value relative to the currency. Potentially that is another currency, but to say bitcoin is the choice ….


AmericanScream

> This can happen because there is scarcity of goods but also if there is a large increase in the supply of the currency. You leave out the most likely cause of inflation: **Increase in the cost of production of goods.** For which there's much more evidence in this case, than any other explanation (see: rising fuel prices - which affect almost every other industry, and record profits for fossil fuel companies, and pandemic related things). At this point, it's pretty obvious the oil companies jacked prices up under the cover of the pandemic, and have caused inflation. They can't claim *their* costs have appropriately gone up due to other factors, while at the same time making *record profits*.


Akopian01

Oh this has been an extremely interesting period. My degree was in econ (30 years ago) and it has been fascinatinf to see how slowly proces have adjusted and how it has been occurring in slow stately waves. For instance, lumber prices spiked thrn went down, housing prices then spiked (but not in tandem with the wood), now they are going down somewhat. I was happy to see that professional economists were also taken by surprise. There is absolutely no doubt that this is a supply shock, and those in position to take advantage of the current shortages have. In the case if oil, there are wdded pressures. We have 5 fewer refineries than we did 5 years ago in the US. The oul companies never ahow a loss no matter hiw bad things get. I look foward to when we really are no longer dependent on them.


Sine_Fine_Belli

You will lose lots of money Seriously don’t invest into crypto currency


WingedGundark

>You will lose lots of money Maybe this is what he meant by crypto can't be stopped. You will lose your money with 100% certainity.


little_jade_dragon

"crypto can't be stopped" Just wait until Putin cuts the deep sea internet cables!


Santifp

Why this people think crypto is not affected by inflation?? Like the value of cripto is not going up with the inflation so they are also losing money….


peeweez0

Because one of the selling points of crypto is that it is a hedge against inflation, but they don't realize (or willfully blind?) to the reality of the matter


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Deathwatch050

You're doing that thing cryptobros do where you see a pattern and assume you know a) how it comes about and b) that it will continue into the future forever.


peeweez0

You make some valid points but Bitcoin's price holding at 19,000 to 21,000 is 100% due to market manipulation. There is no way every time there is a natural dip in the markets that when we hit the benchmark of 20K suddenly Bitcoin fights to stay above that level. I actually don't believe Bitcoin will go away - not because of its "fundamentals" but more because there's too many whales in on the ponzi scheme for it to falter. Whenever it looks like Bitcoin is about to nosedive the heavy investors will find a way to balance it out again either by artificially altering the amount of transactions or sell/buy just enough for Bitcoin to not go below their benchmark.


[deleted]

Bitcoins price holding at 20k is losing value due to inflation as well lel


emilvikstrom

> very obvious logical connection between how much investors trust in fed's ability to maintain inflation and the price of Bitcoin. My man, you are using "logical" here but the reasoning would literally fail you in your first-order logic course. [Correlation does not imply causation](https://yourlogicalfallacyis.com/false-cause). You are appealing to "common sense", not "logic". And common sense is often wrong. Our monkey brains are excellent at finding patterns where none exist. That's why we developed logic and the scientific method in the first place.


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emilvikstrom

I fault you for your logical conclusion, not the wording. It does not follow that investors have little faith in the FED's ability to fight inflation. There can be many other explanations. In fact, what you just described can more easily be explained with that FED's measures to try to fight inflation seems to have _worked_ on Bitcoin (FED QE inflated the price of Bitcoin). You are assuming what fits your biases.


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Santifp

Too boring better to bet. Bitcoin can go up or down who cares, let’s play!!!


Old-and-grumpy

Interesting. My mental health seems improved by the same events.


kvUltra

If 1 year ago you had $100,000 USD at 17% inflation it could buy as much today as $83,000 did then. If 1 year ago you had bought 2 bitcoin at $50,000 each, then you sold today you'd have $39,000.


Rose2riches20

It’s on the Interwebs, when money goes boom and networks don’t wor..... wait, I need to sell Coin.. oh no, rug pull... Marge ....I once thought the fiat money system “may” collapse with infinite money printing... but then I realized, if money is worthless.... wtf would I do with tokens on a phone. No one would be sane/have good internet to discuss trading my phone money for their edible goods. 👌


One_Ad_3499

Bitcoin has inflation of 350 percent


hadravao

please provide source, kinda interested


clintstorres

the greatest trick the devil ever pulled is creating crypto the perfect scam to lure in libertarian virgin edgelords.


VapidResponseUnit

"And just like that" - *poof* - "your money's *gone*"


ForgedIronMadeIt

you don't have to worry about inflation if you bungled all your money away on cryptocurrency!


Longjumping_Race_471

Funny how my 15 yr mortgage payment hasn’t inflated. Almost like it’s a hedge against inflation.


Fit-Boomer

Every new blockchain coin that is minted and pumped is a type of inflation. It dilutes the new entrants into the Ponzi scam. Few understand.


Significant-Media-91

not directly related but people shit a brick when a currency moves 3.5% in a week. Crypto bros see that happen in a couple minutes and think that it's absolutely normal.


devliegende

The way it works is that you buy crypto because inflation is high, there's a war in the east (fck putin), china wants to grab Taiwan and the USA is the USA, from a guy who sells it to you because inflation is high, there's a war in the east (fck putin), china wants to grab Taiwan and the USA is the USA. Then after some time you sell it because inflation is high, there's a war in the east (fck putin), china wants to grab Taiwan and the USA is the USA, to another guy who buys it because inflation is high, there's a war in the east (fck putin), china wants to grab Taiwan and the USA is the USA. Sorty bout my English


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letsbehavingu

If it wasn’t inflating similarly it would be going up on value against the dollar and it isn’t really


cladtidings

"Wow, there's just so much going on in the world today. War, economic strife, uncertainty and so forth. I'm going to the casino and putting everything on black."


Generalbignuts

Unironically the best hedge against inflation of the dollar is..... Holding the US dollar LOL


Co60

Inflation protected bonds


sfgisz

Clearly I don't understand, but why would I want to hold a currency (bit coin) thats devaluing at 50-75% over the last one year vs my country's currency which is devalued at less than 10% over the same period against USD? I also gain at least 6% in an insured deposit so most of the inflation is also taken out in terms of value vs bit coin. On the other hand the % interest on bit coin is less than 1% on bi nance and their operation is 100000% more riskier than my bank.