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(Marketwatch)   Area crazy person who happens to have $70 billion under management: "Bitcoin will replaces bonds"   (marketwatch.com) divider line
    More: Facepalm, Monetary policy, Inflation, Federal Reserve System, Investment, ARK Invest's Cathie Wood, Gold standard, Central bank, new asset class  
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354 clicks; posted to Business » on 25 Feb 2021 at 2:05 PM (10 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



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2021-02-25 2:11:56 PM  
5 votes:
Never take financial advice from Fark Olds.  They believe in the fallacy of tradition.  They don't understand the logic of novelty.
 
2021-02-25 2:11:03 PM  
2 votes:

OptionC: Bonds pay interest.  Bitcoin does not.


Do they though?  Negative interest bonds are about the best you can get in some places in the world.
https://corporatefinanceinstitute.com​/​resources/knowledge/credit/negative-yi​elding-bonds/

The inflation rate will probably outpace bond yields for the next few years.

And while bitcoin doesn't pay interest, it historically outpaces inflation.  And there are plenty of crypto plays that do pay 'interest' after a fashion (Staking and Defi).
 
2021-02-25 1:53:14 PM  
2 votes:
There are already large companies that allow you to borrow against your bitcoin as long as you over collateralize against the loan. They earn much higher rates of interest than any bond. That chokes supply of bitcoin causing prices to rise which is better for the lender. Still in infancy.

Once it matures, I can really see it. Bonds yield dog shiat. If there is a flow of money from bonds itll ripple through stonks as well and assets get repriced. Down.

/second inning
//gobble gobble
 
2021-02-25 1:38:50 PM  
2 votes:
Can I buy hookers and cocaine with bonds?

I rest my case, gentlemen.
 
2021-02-25 3:42:52 PM  
1 vote:

AsparagusFTW: There are already large companies that allow you to borrow against your bitcoin as long as you over collateralize against the loan. They earn much higher rates of interest than any bond. That chokes supply of bitcoin causing prices to rise which is better for the lender. Still in infancy.

Once it matures, I can really see it. Bonds yield dog shiat. If there is a flow of money from bonds itll ripple through stonks as well and assets get repriced. Down.

/second inning
//gobble gobble


Bonds are a safe place to park money, not a money making scheme
 
2021-02-25 3:21:32 PM  
1 vote:

NewportBarGuy: Isn't this the crazy lady with like a $4000 target price for TSLA and $1,000,000 for Bitcoin?

And people actually trust her with their money in the long term?

LOL oK


Tesla pre-split was roughly 2,200.  Before its recent slide it hit 872.   Pre-split 4,000 isn't crazy talk.
 
2021-02-25 3:09:36 PM  
1 vote:

Glorious Golden Ass: All I really know about Bitcoin is that at least once, somebody closed something called a wallet or an exchange and everybody who had Bitcoins there was S.O.L.

Has that problem been fixed?


Sort of.  You can have your own wallet, and then it's your own problem if you forget your password or someone physically steals it.

You can think of bitcoin as a precious heirloom.  You can keep it in a safety deposit box in a bank, or in a safe in your house, or elsewhere.  Each has its inherent risks and mechanisms to keep it safe.  Early bitcoin 'Banks' were often pretty insecure and sketchy.  They are slightly better now, but it is better to keep things in your own 'safe' in most cases.
 
2021-02-25 2:37:30 PM  
1 vote:

OptionC: AsparagusFTW: Bonds yield dog shiat

Bitcoin yields literally nothing.


Except gains, especially lately. BTC is nearly $50,000 at the moment and was up past $55k last week.

/Sold @ 40k moment
 
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