Post
Topic
Board Bitcoin Discussion
Re: Is Bitcoin antifragile?
by
pooya87
on 09/04/2020, 06:34:06 UTC
Gold is some 10% - 11% below its all-time high price (US$, ATH in 2011).  Our (US) stock market would be some 19% below (ATH in February 2020).  Gold is inversely correlated with stocks, though not 100%.  BTC is down some 63% from its ATH in late 2017.  Note that all three of these asset classes reached their ATH's in completely different years.

comparing all time highs like this is wrong if you ask me. specially since bitcoin's ATH value that you used was a massive bubble that popped and since day traders are making profit on both rise and fall the fall always takes a very long time and goes deep. that is not true about other assets such as gold's rise.

besides if you remove the bubble and its burst and then look at the price you can see that bitcoin, unlike everything else had a massive rise!
gold started 2017 with $1,162 and it is now $1,680 ->  44%
bitcoin started 2017 with $885 and it is now $7300 -> 724%