BITCOIN

Adyinvestment

Strategic reserve is starting to actually sound plausible, if you had said that to me a few weeks ago I would have fell off my chair laughing!

Who knows what is going to happen, however Trump is personally invested in crypto and I can only see positive outcomes, even though I think it is immoral of him, however he clearly (and other powerful people also) doesn't care about that!

MeteredOut

With the stock market in such a turmoil, I though I'd check out how BTC was holding up as as store of wealth. Looks like its held up better than the major indices, but not as good as gold. $100K seems quite a way off now (but we know things can move quick).

Do people still think BTC a viable store of wealth as an alternative to gold?

Not seem much mention of crypto from the orange man recently either.

Section62

MeteredOut said:

With the stock market in such a turmoil, I though I'd check out how BTC was holding up as as store of wealth. Looks like its held up better than the major indices, but not as good as gold. $100K seems quite a way off now (but we know things can move quick).

Do people still think BTC a viable store of wealth as an alternative to gold?

Not seem much mention of crypto from the orange man recently either.

I nearly posted on this thread yesterday (it had been quiet for a while) as there was a BBC website live reporting comment about Bitcoin/crypto prices... the gist (roughly) was that Bitcoin was dropping too, rather than being seen as a 'safe haven' away from equities.  As I remember someone was quoted making the point that at times like this fear makes people want to avoid risk, and crypto still represents a riskier proposition than stockmarkets.

If I can find the comment again I'll post a link or screenshot... unfortunately the BBC live reporting stuff is not always easy to find again.  Apologies in advance if my recollection differs from the original source.

InvesterJones

Section62 said:

MeteredOut said:

With the stock market in such a turmoil, I though I'd check out how BTC was holding up as as store of wealth. Looks like its held up better than the major indices, but not as good as gold. $100K seems quite a way off now (but we know things can move quick).

Do people still think BTC a viable store of wealth as an alternative to gold?

Not seem much mention of crypto from the orange man recently either.

I nearly posted on this thread yesterday (it had been quiet for a while) as there was a BBC website live reporting comment about Bitcoin/crypto prices... the gist (roughly) was that Bitcoin was dropping too, rather than being seen as a 'safe haven' away from equities.  As I remember someone was quoted making the point that at times like this fear makes people want to avoid risk, and crypto still represents a riskier proposition than stockmarkets.

If I can find the comment again I'll post a link or screenshot... unfortunately the BBC live reporting stuff is not always easy to find again.  Apologies in advance if my recollection differs from the original source.

At pensioncraft they reckon bitcoin basically acts as leveraged nasdaq, rather than a diversifier.

Scottex99

Section62 said:

MeteredOut said:

With the stock market in such a turmoil, I though I'd check out how BTC was holding up as as store of wealth. Looks like its held up better than the major indices, but not as good as gold. $100K seems quite a way off now (but we know things can move quick).

Do people still think BTC a viable store of wealth as an alternative to gold?

Not seem much mention of crypto from the orange man recently either.

I nearly posted on this thread yesterday (it had been quiet for a while) as there was a BBC website live reporting comment about Bitcoin/crypto prices... the gist (roughly) was that Bitcoin was dropping too, rather than being seen as a 'safe haven' away from equities.  As I remember someone was quoted making the point that at times like this fear makes people want to avoid risk, and crypto still represents a riskier proposition than stockmarkets.

If I can find the comment again I'll post a link or screenshot... unfortunately the BBC live reporting stuff is not always easy to find again.  Apologies in advance if my recollection differs from the original source.

The dream “end-game” is probably that BTC decouples from traditional financial assets and becomes that store of value in a future crisis. Like gold, but digital and better.

That time isn’t here though and it seems when stocks dump, crypto does too.

Although ~$80k isn’t too bad if you’ve held for any decent length of time.

I’ve probably held 100+ different coins/tokens over the years but these choppy markets (and the memecoin shenanigans) are making me more of a Bitcoin maxi every day

MeteredOut

Scottex99 said:

Section62 said:

MeteredOut said:

With the stock market in such a turmoil, I though I'd check out how BTC was holding up as as store of wealth. Looks like its held up better than the major indices, but not as good as gold. $100K seems quite a way off now (but we know things can move quick).

Do people still think BTC a viable store of wealth as an alternative to gold?

Not seem much mention of crypto from the orange man recently either.

I nearly posted on this thread yesterday (it had been quiet for a while) as there was a BBC website live reporting comment about Bitcoin/crypto prices... the gist (roughly) was that Bitcoin was dropping too, rather than being seen as a 'safe haven' away from equities.  As I remember someone was quoted making the point that at times like this fear makes people want to avoid risk, and crypto still represents a riskier proposition than stockmarkets.

If I can find the comment again I'll post a link or screenshot... unfortunately the BBC live reporting stuff is not always easy to find again.  Apologies in advance if my recollection differs from the original source.

The dream “end-game” is probably that BTC decouples from traditional financial assets and becomes that store of value in a future crisis. Like gold, but digital and better.

That time isn’t here though and it seems when stocks dump, crypto does too.

Although ~$80k isn’t too bad if you’ve held for any decent length of time.

I’ve probably held 100+ different coins/tokens over the years but these choppy markets (and the memecoin shenanigans) are making me more of a Bitcoin maxi every day

I cant disagree with that. If someone asked me to recommend the single crypto asset they'd be least likely to lose all their money on, it'd be BTC.

Scottex99

i was in a national park in Cork on a horse and cart, of all places, and the horse man asked me which cryptos to buy…

then in Galway yesterday a jeweler asked if accepting payment in crypto could be a good idea.

both in response to me being asked what I do for a living.

BTC is and has always been the call really, buy monthly set and forget, or buy some extreme dips if you see them, with money you can “afford” to lose 

Scottex99

https://open.spotify.com/track/6O7SkBNhaO90fxjukN8h5B?si=7d6b20729eb9422f

Funny with potential elements of truth.

$111k, money printers about to be turned on, Japan and US bond markets in the bin...

Previously sell in May and go away was the play in past cycles, it doesn't look like it's going to be this time.

How how can it go and will Alts follow? Crystal ball time