Quote from: Vincom on Today at 01:10:56 AM

Quote from: tiCeR on April 16, 2024, 07:28:14 AM

I am wondering how you can explain your approach so easily when it comes to buying and selling BTC back and forth, switching between various asset classes and how you seem to be able to identify uptrends and downtrends without any problems? Wink

Maybe huge investment corporations or hedge funds are switching between asset classes all the time, but they have technology and algorithms and instruments in place that most people don't have at their disposal. But regarding the quote above, this is the logarithmic graph from before 2011 until now, displaying how many ounces of gold you need to buy BTC. When it goes up, BTC outperforms gold, when it goes down, gold outperforms BTC. Please keep in mind how the y-axis is structured and in a best case you visit the website and use the cursor to check out what the graph says. Seems that gold did not outperform BTC very much! Wink

I'm just presenting my own point of view. I believe that investment funds and whales have the necessary tools and financial capabilities to make these plans a reality. Looking back at the past, we can see that BTC has been fluctuating in a 4-year cycle, similar to the traditional financial market, so I think professional technical analysts can take advantage of this. In any case, it's just a look at the past, and I hope the funds will apply it more effectively in the future. Personally, I can only DCA BTC and take profits at the distribution zones of each season.

I would like to say that Gold is better for the purpose of storing and protecting assets: Gold's advantage is its price stability and its tendency to increase gradually over time. Gold cannot be compared to BTC in the long term in terms of investment: the returns from Gold will not be as good as the returns from BTC.

Oh oh, a technical analysis fan here at work!

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In any case, it's just a look at the past,...

A lot of people are now rolling with their eyes! Cheesy

You said it is just a look at the past... That is certainly wrong and there is a reason why very often there are massive short squeezes as some "smart" investors think they know what's going to happen next because the market did the same in the past, but it doesn't work like that. Technical analysis never catches unexpected events. But the risk for every investor is in the uncertainty, in the unexpected, not in what can be predicted with certainty and frankly, nothing can be predicted with certainty based on the past.

Just look at how many predictions said we would be six figures at the next block reward halving. We aren't. We are going sideways with slight up and down movements. People wonder whether halvings are priced in, whether we will see another spike, but nobody knows for sure.

I agree that a consortium of big players could manipulate and move the market, but even that wouldn't come without risk.

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I would like to say that Gold is better for the purpose of storing and protecting assets: Gold's advantage is its price stability and its tendency to increase gradually over time. Gold cannot be compared to BTC in the long term in terms of investment: the returns from Gold will not be as good as the returns from BTC.

Then how does this whole statement make sense? Gold' tendency to increase gradually over time. Yes, is there anything different about BTC? Your statement is factually wrong as BTC from its inception till now outcompeted gold. It did not if you bought and sold and tried to time the market. But over a span of five years gold increased by a little less than 90%. BTC increased by about 1500%. What was better at strong and protecting someone's wealth over the last five years?

By the way, gold is better at storing wealth? Would you rather have your private key safely stored somewhere (presuming you know how to do it) or would you prefer your basement being packed with gold bars? How do you use redundancy to store your gold safely in more than one place just in case your house burns down?