Quote from: jasonjm on Today at 07:08:43 AM

Quote from: JayJuanGee on August 20, 2024, 08:35:45 PM

You do realize that more and more capital is coming into bitcoin and from bigger players, too?

I will agree with you that the degree of the pumps (in terms of percentages) are likely to continue to be smaller and smaller with the passage of time, yet surely $200k is not out of the question for this cycle, even though surely we are also not guaranteed to either get to $100k or even to go back to our current ATH of $73,794..

Yet at the same time, it is likely to have a certain amount of bitcoin so that you are prepared for the various upside scenarios that could play out.. that is called an upside asymmetric bet.... in which the most you can lose is 100% and yeah, you don't seem to agree with there being any decent probability of some of the various upside scenarios.

With every passing day, more and more investments are coming into BTC and due to the involvement of the major institutions/ players BTC is solidifying its place further.
I was implying that we might not see a sharp pump in the BTC because of the current price as we saw in the past cycles. I was saying that it is advisable to diversify your portfolio i.e., buying stocks, property, mobile assets etc. I am not saying that a person should sell all his Bitcoin at the pump and buy gold. With the devaluation of money and the threats of global recession, it is better to put your profit or savings in gold rather than $. So that you have something valuable for the rainy days. I agree that BTC is not a mature asset yet and will take a few years to reach that status as BTC is the future.

Of course, the emphasis is that since BTC is not even close to being a mature asset and also since BTC is right around 1,000x better than gold but ONLY 1/15th the price (market cap) of gold, then that means that bitcoin has a whole hell-of-a-lot of upside potential as compared to gold.

Surely there are many folks who consider bitcoin and gold to serve similar purposes in regards to hedging against the irresponsible practices of various dollar/fiat based currency systems.... so in that regard, bitcoin is not ONLY a substitute to gold but a superior substitute to gold, and so there is hardly any reason to hold any gold apart from some potentially marginal use-cases and situations in which bitcoin would not cover such situation.. .. so perhaps within the whole sound money category somewhere in the ballpark of 95% bitcoin / 5% gold could be somewhat justifiable in terms of the sound money component of anyone's investment portfolio. I barely consider even 5% the size of the bitcoin holding to be kept in gold to be warranted, but 5% would not be unreasonable.

As far as an overall investment portfolio, I see no problem that beginners might start with just bitcoin and cash, yet surely at some point if they might be diversifying or if they already come to bitcoin with an already diversified portfolio, then maybe their initial allocation into bitcoin might be somewhere between 5% and 25%, yet if bitcoin is outgrowing the other assets with the passage of time, I believe that there is not necessarily any need to reallocate bitcoin into other assets, and so there probably would not be any problem (and it may well be preferable) to just continue to let the winner (presumptively bitcoin) ride without engaging in any considerable amounts of reallocation into assets that perform less well such as properties, stocks, bonds, commodities and cash/cash equivalents.

Quote from: laijsica on Today at 01:52:23 PM

Quote from: jasonjm on August 20, 2024, 08:45:56 AM

Quote from: petermaier2024 on June 25, 2024, 05:51:04 PM

Guys I dont know what to do, should I invest in Gold or Bitcoin. Gold is more stable I know.

I would say both. Gold is an excellent store of value and BTC has high ROI. I think you should invest in BTC, make a profit, and store the profit amount in Gold. Over the years BTC's performance has been exceptional, but I am not expecting a sharp rise in the BTC price in future as the price has already gone up and the majority of the retail investors lacked many funds to invest in BTC (pump from $2k to $10k is easy, but a pump from $60k to $200k is highly unlikely).

The accuracy of what you say may be a bit shaky but I'm sure what you say is based on assumptions. The value of Bitcoin can rise sharply and it can be chosen as an investment. It is important to more prioritize the growth of real assets. Investing in Bitcoin can give you huge profits but you need to be interested in long-term investment so that you can hold for a cycle or two. Real assets such as Gold is also a valuable asset whose value continues to increase at an ever-increasing rate and may increase in value in the future but is a stable and more guaranteed asset of its own.

Investing in Bitcoin can be the second highest investment you can make with regular deposits from disposable income every month and long-term regardless of value.

Your statement that I bolded above is retarded. Gold is not growing relative to bitcoin, especially over the past 10-ish years.. Yeah, bitcoin has a bit of an unfair advantage because it is still a growing asset, but still there is no advantage and/or need to invest in gold if you are investing in bitcoin, and so it is even more dumb to suggest that any allocation to gold should be higher than bitcoin, if anything gold should either not exist in a modern investment portfolio that has bitcoin or it would ONLY at most be around 5% the size or the bitcoin holdings..

In the past 15 years, perhaps gold has somewhat held its own in comparison to cash, but we should already realize that cash is ongoingly losing value, and even if the debasement of various fiat currencies was not as great 5-15 years ago, in the past 4 years, (ever since early 2020), we should have had seen even a more accelerated rate of the debasement of various fiat currencies... and so yeah, gold is supposed to be a hedge against that, but bitcoin is even a better hedge since bitcoin has an unfair advantage of still being in its early stages of adoption.