Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
The easy solution is to just divest the alts and put it in safe investments like gold, silver, land and... BITCOIN.
Holy fucking shit cAPSLOCK. Do you require a bat slappening to get you to snap out of your seeming delusion to depriortize bitcoin in your above list of supposed good investments.
Your thinking seems to be muddled.
Did you forget where you were, brandon?
hahahahahahaha
......... run to the safety of hard assets like precious metals, real estate and BITCOIN.
oh my... You did it again...
My point is RETAIL (not the WO thread) is NOT interested in BTC right now. They have not been since they bought between 13k-20 in 2017, held and lost at least half their money when they got out, or shifted into garbage coins.
Institutional buyers have been filing in over the last 5 years, and some of the smarter one offs. Billionaires, home offices and the like.
I would say the average WO denizen is somewhere between 20-80% in Bitcoin. But the average monkey jppg buyer has less than 5%.
The list I am making saves the best for last and puts it in all caps.
But land and precious metals are also going to be safe havens in the coming storm. The riskiest of the three is land, with bitcoin coming in second. Metals are not risky, they are boring and reliable... and may just hold their relative value at best.I personally have a small cache of silver and gold, and own my own home. I am not going to reverse mortgage my home to buy Bitcoin, and I do not need to.
The rest of your post is good enough including the reference to various scenarios. I should clarify my moderately bearish up/down/sideways numbers are meant to be interpreted as VERY short term.
I think right now we are biased to choppy/down scenarios. But I do not think we go very far down... we are right around the 200DMA currently. And with a good non trivial chance at going up from here. The reason for this is the macro environment is horrifying. Ultimately this makes Bitcoin more valuable. Bigly so. But maybe not during the next month.
I will also point out that while you call me dumb over and over, I was here at this forum years before you, and I expect also "in bitcoin" then too... Dumb luck I guess. (It really was... but so was yours
)gold is a terrible 50 year hodl move.
more likely a terrible 20 year hodl move.
https://theprint.in/opinion/giant-asteroid-has-gold-worth-700-quintillion-but-it-wont-make-us-richer/260482/
silver = okay
land = okay
as for btc I still have mine.
here is some advice
dca some cash
dca some silver
dca some btc
and I won't mention
ltc/doge
as many do not like to read that here.
oh and remember dump all eth
The reason I say land is the riskiest is draconian governments can simply seize it. And the dirtiest secret is they do not even have to. They can also tax all your value out of it.
As to gold... Yeah. if we start mining asteroids... But until then it is one of the hardest monies we have ever known, and has a track record like no other. I see it as a hedge against mad max scenarios. Well not really. Particularly silver would be better for those. But in the case the world economic system goes down the toilet gold will MOST DEFINITELY reflect that value.
We even have precedent for this. Look at the price of gold in German Marks between 1919-1923.
Even if world reserve currencies do not collapse as bad as that one did gold's stable price will protect a person's value. Of course if an ounce of gold will be a very fine suit today, and we have a USD/Fiat collapse, then when gold is worth 50kUSD it may still only buy a fine suit. But that is way better than the $2000.
Gold has really small upside compared to Bitcoin. But it also has very little risk. That is why I mention it along with real estate and Bitcoin. But also when I say gold, I generally mean "and silver". You can live on your land. You can hedge against all kinds of bad scenarios with precious metals. You can both SAVE and take advantage of the price rise of a bootstrapping asset with Bitcoin.