Quote from: Obim34 on Today at 06:25:02 PM

Quote from: JayJuanGee on Today at 04:55:34 PM

[edited out]

Once the next DIP happens we will certainly touch below $100K but my concern, if the US finally passes the deal on making reserves for the next four years it will certainly have an impact in what we get as the DIP, a complete tone of 200,00 Bitcoin in a year is a big buy that is supposed to affect the market even if all won't be purchased at once. This could only be the scenerio were Bitcoin won't go below $100K in the next bear run.

I doubt the that the USA adoption of bitcoin or any other government savings of bitcoin is required for bitcoin to go above $100k and never return to $100k again. We should not expect that bitcoin needs government in order to save it or to make it more likely to go up without as many or as large of downward corrections.

Quote from: Obim34 on Today at 06:25:02 PM

Quote from: Shadiq on Today at 06:06:51 PM

Quote from: DubemIfedigbo001 on Today at 05:10:48 PM

I think we're spending too much time comparing Bitcoin to gold, gold has run it's own cause and Bitcoin is currently on its own journey. We investors just need keep doing our part, accumulating Bitcoin and spreading the awareness across to the uninformed persons and hope most big companies and the government of other countries recognize Bitcoin and create favourable grounds for it's propagation.
In due time, gold would certainly have no other option than to bow to Bitcoin which is the king of investment opportunities and hedge against inflation.

I absolutely do not agree with Bitcoin competing with gold. Although Bitcoin and gold are similar in terms of investment, they are completely different. You can never replace Bitcoin with gold and you cannot replace gold with Bitcoin. As a valuable asset, Bitcoin will definitely surpass gold and Bitcoin will be more valuable than gold. But, can Bitcoin be as popular as gold? Gold is an asset that can be used and purchased by people from all walks of life. But can a person who is ignorant about technology enter Bitcoin? Or will Bitcoin be as easy for him as gold? Bitcoin is popular and easily purchased by everyone, educated, uneducated, rich, poor.
On the other hand, since Bitcoin is digital, it is beyond the reach of an uneducated person and Bitcoin investment is not suitable for a poor person. Bitcoin can definitely be put ahead in terms of high returns on investment in terms of valuable assets. We investors should definitely focus more on investing instead of comparing Bitcoin to gold so that Bitcoin goes beyond the reach of all other assets in terms of valuable assets and everyone is forced to promote Bitcoin.

I don't put them in a competitive arena, both are useful depending on actual purpose. If you need a stable store of value then Gold is the guy then if you want to make profits while holding as a store of value and many more knowing it comes with due patience of holding through cycles following it's volatile nature then Bitcoin is prefered. People don't compete Gold against Bitcoin with the idea of literacy or not both can have access to both Bitcoin and Gold without losing any of their portfolio, one thing is having a common sense of security and you will be fine. The only competition between Bitcoin and Gold is based on Market Cap which we all know Gold is way above in figures but that does not makes it better than Bitcoin either, know what you need and go for it.

Hopefully no one is deciding to hold any more than 10% of their value in Gold as compared to what they hold in bitcoin. Even 10% into the shiny dinosaur rock is likely too much, buy hey guys can do whatever they like. Even dumb things.