Take some profits into US dollars. The Euro, Pound, Yuan, and other currencies will also collapse relative to the US dollar due to the carry trades and pegs to the dollars which put the rest of the world bet short against the dollar.
I'm not risking trading. I'm long term. What you say could be correct, but even if Gold does go lower in the medium term, BTC might not be affected. We saw the past several years where Gold was in a bear market and BTC was booming.
Mmm-hmm. Prices of BTC and gold do seem to move relatively independently of each other. That is why I have no problem suggesting owning both, that the various partisans favoring BTC or gold miss the point.
Not only have they moved independently, their roles are different. Gold is insurance vs. .gov malfeasance. HODLING BTC may yield a big speculative profit, or maybe not!
Disclosure: I own both. I also own "physical CA$H", which may very well be a great short-term defense against OTHER COUNTRIES messing up worse than the USA.
EDIT: I would add silver to the equation too, noting that the gold/silver ratio price is presently just over 80, when over time it has averaged about 15. I'm going to watch with interest just what unravels re PMs and BTC over the following weeks and months. As and when any of them move to a perceived bottom I will buy - currently having only a little of the former at the highest price point of my taper strategum.
Here in the UK, a Brexit (as things stand, with constant scare tactics from Cameron and the mainstream media, it's looking less likely, barring any ISIS attacks, financial or EU refugee calamaties before June) could significalntly effect the value of the £ against the $ - I think Armstrong mentioned a while back he reckoned the £ could achieve parity or below with the $.