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RE: Rethinking Strategies

When you talk like that about markets tanking and cost averaging, the ugly beast that rears its hind behind is fiat money. The dollar. Bitcoin is a store of value for the old, dollar-based economy. Hive is something else altogether. It is the platform for an admittedly puny but nevertheless independent economy. I don't earn Hive to exchange into fiat, I earn Hive to have an ever more solid foot into this parallel, complementary economy whose blood is Hive

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I do not know about the Kaiser prophecy but something that is present in the minds of 8 billion people as the dollar can hardly die.

Inflation, yes, there will be inflation and the dollar will be wounded, but BTC is not and cannot be a currency. The American economy will remain dependent on a sick dollar just as the Argentines have kept using pesos rather than gold and would have kept using only pesos if it had not been for the US dollar. Except the Americans won't have that exit strategy that the Argentines had, because BTC cannot be to the dollar what the dollar was to the Argentine peso.

Do you believe in the Kaiser prophecy? I'm sure I can find the video. He thinks the dollar is going to "die" with inflation, and that BTC is going to soak it up. Which is to say, we will stop thinking of dollar amounts after that.