Great username

I have 2 ETH, .1 BTC. Physical precious metals and miners have been my jam, not for everyone.

Proposition Joe said:

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A. G. Pennypacker said:

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Heineken-Ashi said:

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A. G. Pennypacker said:

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If the government is broke, how does the FDIC insure anything. Doesn't sound like a very sound plan to me.

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I never said they would. Read again.

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Ah - I think I should have responded to Proposition Joe's comment - not yours.

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My point is if the government is broke, the chances that you've invested in some safe haven crypto that is now accessible and redeemable for regular goods and services is insanely slim.

If you're trying to hedge against the government going broke and everyone's fiat currency being worthless, then you're better off investing in defendable land and ammo (and seeds, don't forget the seeds!).

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The chances that the major fiats will be worthless any time in the foreseeable future are insanely slim. But the chances that fiats continue to steadily be worth less year after year after year is almost 100%.

@NFLPlayerProps said:

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Proposition Joe said:

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A. G. Pennypacker said:

---

Heineken-Ashi said:

---

A. G. Pennypacker said:

---

If the government is broke, how does the FDIC insure anything. Doesn't sound like a very sound plan to me.

---

I never said they would. Read again.

---

Ah - I think I should have responded to Proposition Joe's comment - not yours.

---

My point is if the government is broke, the chances that you've invested in some safe haven crypto that is now accessible and redeemable for regular goods and services is insanely slim.

If you're trying to hedge against the government going broke and everyone's fiat currency being worthless, then you're better off investing in defendable land and ammo (and seeds, don't forget the seeds!).

---

The chances that the major fiats will be worthless any time in the foreseeable future are insanely slim. But the chances that fiats continue to steadily be worth less year after year after year is almost 100%.

---

Yes, but if year after year the market continues to rise then it's not as big of an issue.

The issue comes when the shoe drops and the market crashes - but I'd argue that you've got just as much if not a significantly higher chance of that happening with any alternative currency one is investing in as a hedge.

If BTC freefalls towards 0 tomorrow, it will just be a major lessoned learn for a lot of people. If the dollar freefalls towards 0 tomorrow, you'll see a whole lot of the nation's resources put towards propping it up.

None of this to say crypto isn't a worthwhile investment - I just don't view it as a particularly great hedge against fiat currency.

I personally think the dollar is bottoming soon, possibly within a couple months.

Proposition Joe said:

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@NFLPlayerProps said:

---

Proposition Joe said:

---

A. G. Pennypacker said:

---

Heineken-Ashi said:

---

A. G. Pennypacker said:

---

If the government is broke, how does the FDIC insure anything. Doesn't sound like a very sound plan to me.

---

I never said they would. Read again.

---

Ah - I think I should have responded to Proposition Joe's comment - not yours.

---

My point is if the government is broke, the chances that you've invested in some safe haven crypto that is now accessible and redeemable for regular goods and services is insanely slim.

If you're trying to hedge against the government going broke and everyone's fiat currency being worthless, then you're better off investing in defendable land and ammo (and seeds, don't forget the seeds!).

---

The chances that the major fiats will be worthless any time in the foreseeable future are insanely slim. But the chances that fiats continue to steadily be worth less year after year after year is almost 100%.

---

Yes, but if year after year the market continues to rise then it's not as big of an issue.

The issue comes when the shoe drops and the market crashes - but I'd argue that you've got just as much if not a significantly higher chance of that happening with any alternative currency one is investing in as a hedge.

If BTC freefalls towards 0 tomorrow, it will just be a major lessoned learn for a lot of people. If the dollar freefalls towards 0 tomorrow, you'll see a whole lot of the nation's resources put towards propping it up.

None of this to say crypto isn't a worthwhile investment - I just don't view it as a particularly great hedge against fiat currency.

---

Thats why i plan to go net free eventually. Say I'm 5X on my crypto in a decade. I may take 2X in profit and put back into the S&P and let the other 3X ride net free

Almost sounds like ETF prices are trailing the ethereum network

Something big is happening in Ethereum staking.

The Ethereum validator exit queue just hit its highest level in over a year - more than 520,000 ETH that’s over $1.9 billion at current prices, lined up to leave.

This queue will take ~19 days to fully clear.

Thread: 👇 pic.twitter.com/aHEQfYe5SH

— everstake.eth (💙,💛) (@eth_everstake) July 23, 2025

Someone fixing to dump some eth or exchanges needed it to back etf

Yukon Cornelius said:

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Someone fixing to dump some eth or exchanges needed it to back etf

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I'm kinda thinking it's the later.

What's the play, add more?

Also seems like something ethereum needs to fix. Perhaps it's bitcoiners making eth look bad, no idea

What needs to be fixed? I suspect it's an exchange needing the ETH liquidity.

My play is do nothing. Just short term noise. If it dips more I'll add to my stack. Dips are for buying during bull cycles.

With eth hitting 3800 to 4000 a few times since March of 24, seems like it should at least get back to 4k in short order with all the good news, stablecoin act, eth treasury companies popping up, visa, banks...etc planning to get into the game.

I would expect it go north of 4K pretty soon

I agree.

Proposition Joe said:

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@NFLPlayerProps said:

---

Proposition Joe said:

---

A. G. Pennypacker said:

---

Heineken-Ashi said:

---

A. G. Pennypacker said:

---

If the government is broke, how does the FDIC insure anything. Doesn't sound like a very sound plan to me.

---

I never said they would. Read again.

---

Ah - I think I should have responded to Proposition Joe's comment - not yours.

---

My point is if the government is broke, the chances that you've invested in some safe haven crypto that is now accessible and redeemable for regular goods and services is insanely slim.

If you're trying to hedge against the government going broke and everyone's fiat currency being worthless, then you're better off investing in defendable land and ammo (and seeds, don't forget the seeds!).

---

The chances that the major fiats will be worthless any time in the foreseeable future are insanely slim. But the chances that fiats continue to steadily be worth less year after year after year is almost 100%.

---

Yes, but if year after year the market continues to rise then it's not as big of an issue.

The issue comes when the shoe drops and the market crashes - but I'd argue that you've got just as much if not a significantly higher chance of that happening with any alternative currency one is investing in as a hedge.

If BTC freefalls towards 0 tomorrow, it will just be a major lessoned learn for a lot of people. If the dollar freefalls towards 0 tomorrow, you'll see a whole lot of the nation's resources put towards propping it up.

None of this to say crypto isn't a worthwhile investment - I just don't view it as a particularly great hedge against fiat currency.

---

Market/currency crashes accelerate the use case for bitcoin because the "nation's resources" that are used in these situations are just more dollars and debt, that's the playbook since 2008 and it will only keep accelerating. COVID printing absolutely dwarfed 08 and the next one will be exponential from that one. Bitcoin benefits from increased liquidity. That's the entire point.

Bitcoin has been an excellent hedge against fiat for 16 years now. It has also outperformed "the market" that continues to rise year after year to make sure everyone thinks never-ending inflation is just fine, and maybe even good!

@NFLPlayerProps said:

---

Proposition Joe said:

---

@NFLPlayerProps said:

---

Proposition Joe said:

---

A. G. Pennypacker said:

---

Heineken-Ashi said:

---

A. G. Pennypacker said:

---

If the government is broke, how does the FDIC insure anything. Doesn't sound like a very sound plan to me.

---

I never said they would. Read again.

---

Ah - I think I should have responded to Proposition Joe's comment - not yours.

---

My point is if the government is broke, the chances that you've invested in some safe haven crypto that is now accessible and redeemable for regular goods and services is insanely slim.

If you're trying to hedge against the government going broke and everyone's fiat currency being worthless, then you're better off investing in defendable land and ammo (and seeds, don't forget the seeds!).

---

The chances that the major fiats will be worthless any time in the foreseeable future are insanely slim. But the chances that fiats continue to steadily be worth less year after year after year is almost 100%.

---

Yes, but if year after year the market continues to rise then it's not as big of an issue.

The issue comes when the shoe drops and the market crashes - but I'd argue that you've got just as much if not a significantly higher chance of that happening with any alternative currency one is investing in as a hedge.

If BTC freefalls towards 0 tomorrow, it will just be a major lessoned learn for a lot of people. If the dollar freefalls towards 0 tomorrow, you'll see a whole lot of the nation's resources put towards propping it up.

None of this to say crypto isn't a worthwhile investment - I just don't view it as a particularly great hedge against fiat currency.

---

Market/currency crashes accelerate the use case for bitcoin because the "nation's resources" that are used in these situations are just more dollars and debt, that's the playbook since 2008 and it will only keep accelerating. COVID printing absolutely dwarfed 08 and the next one will be exponential from that one. Bitcoin benefits from increased liquidity. That's the entire point.

Bitcoin has been an excellent hedge against fiat for 16 years now. It has also outperformed "the market" that continues to rise year after year to make sure everyone thinks never-ending inflation is just fine, and maybe even good!

---

I disagree. I think bitcoin has been an excellent investment the last 16 years, but not the hedge many think it is. When push comes to shove, I have more faith in the dollar being around in 20 years than I do bitcoin.

Bitcoin has only ever been alive since the bottom of the last bear market. And during times where liquidity dried up and money supply stopped expanding, BTC declined rapidly.

As of right now, there is only proof that BTC will rise WITH risk assets and in times of ample money supply expansion / liquidity injection. BTC has never proven to be a hedge in the reverse case.

Proposition Joe said:

---

@NFLPlayerProps said:

---

Proposition Joe said:

---

@NFLPlayerProps said:

---

Proposition Joe said:

---

A. G. Pennypacker said:

---

Heineken-Ashi said:

---

A. G. Pennypacker said:

---

If the government is broke, how does the FDIC insure anything. Doesn't sound like a very sound plan to me.

---

I never said they would. Read again.

---

Ah - I think I should have responded to Proposition Joe's comment - not yours.

---

My point is if the government is broke, the chances that you've invested in some safe haven crypto that is now accessible and redeemable for regular goods and services is insanely slim.

If you're trying to hedge against the government going broke and everyone's fiat currency being worthless, then you're better off investing in defendable land and ammo (and seeds, don't forget the seeds!).

---

The chances that the major fiats will be worthless any time in the foreseeable future are insanely slim. But the chances that fiats continue to steadily be worth less year after year after year is almost 100%.

---

Yes, but if year after year the market continues to rise then it's not as big of an issue.

The issue comes when the shoe drops and the market crashes - but I'd argue that you've got just as much if not a significantly higher chance of that happening with any alternative currency one is investing in as a hedge.

If BTC freefalls towards 0 tomorrow, it will just be a major lessoned learn for a lot of people. If the dollar freefalls towards 0 tomorrow, you'll see a whole lot of the nation's resources put towards propping it up.

None of this to say crypto isn't a worthwhile investment - I just don't view it as a particularly great hedge against fiat currency.

---

Market/currency crashes accelerate the use case for bitcoin because the "nation's resources" that are used in these situations are just more dollars and debt, that's the playbook since 2008 and it will only keep accelerating. COVID printing absolutely dwarfed 08 and the next one will be exponential from that one. Bitcoin benefits from increased liquidity. That's the entire point.

Bitcoin has been an excellent hedge against fiat for 16 years now. It has also outperformed "the market" that continues to rise year after year to make sure everyone thinks never-ending inflation is just fine, and maybe even good!

---

I disagree. I think bitcoin has been an excellent investment the last 16 years, but not the hedge many think it is. When push comes to shove, I have more faith in the dollar being around in 20 years than I do bitcoin.

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Neither one is going away. Hyperbole about either freefalling to zero is a waste of time. Agree to disagree on it being a hedge.

Heineken-Ashi said:

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Bitcoin has only ever been alive since the bottom of the last bear market. And during times where liquidity dried up and money supply stopped expanding, BTC declined rapidly.

As of right now, there is only proof that BTC will rise WITH risk assets and in times of ample money supply expansion / liquidity injection. BTC has never proven to be a hedge in the reverse case.

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They will always expand money supply more often and to a greater degree than they contract it on a long enough timeline. They have to or it all falls apart. I hedge by owning an asset they can't inflate for longer than they can resist debasing the currency to bail themselves out of whatever mess they're in. So far, so good.

I temporarily increased my above mentioned portfolio allocation of crypto from 4.5% to closer to 6%

If we get the ETH and BTC bump to say 150K btc and 6K ETH I'll take that increase off the table

I'm at 4% with almost an even split between BTC and ETH. Will not go any higher at this time.

RAY DALIO RECOMMENDS INVESTORS ALLOCATE UP TO 15% OF THEIR PORTFOLIOS TO $BTC AND GOLD TO HEDGE AGAINST RISING U.S. DEBT AND ECONOMIC UNCERTAINTY

— The Wolf Of All Streets (@scottmelker) July 28, 2025

I don't have any Bitcoin but I want to get some exposure to it, even if small. Maybe through an ETF. But I need to understand it first.

0'%

I don't invest in instruments that are pure speculation and require ponzi-like adoption

If you need to understand it first, start reading. The crypto trading thread has a lot of solid references for materials that should be consumed if you want some level of understanding before jumping in. Good luck.

I typically suggest "The Bullish Case for Bitcoin" and "Layered Money" for those curious enough to start doing some research.