That would indeed be the best aftermath of "Trump's Tariffs". That they cause capital flight from equities to hard assets like Gold and Bitcoin. Gold has been looking "parabolic", considering, for its market size.
Hopefully you are not getting distracted into gold., since surely gold is quite greatly inferior to bitcoin, even though sure it might have some period of decently good performance, especially relative to the dollar.
No, of course not, ser. But parity with or MORE than Gold's total market value, for me, should be Bitcoin's "North Star".
Parity with gold is not going to be that hard to achieve.. and so it seems more accurate to be considering beyond gold.. such as 10x to 1000x beyond gold, even though bitcoin might not make it to 1,000x beyond gold for 50-200 years, but still seems like a better north star rather than getting distracted by short term gold price moves.. and surely there are some folks who are probably failing/refusing to adequately/sufficiently buy (or hold onto their) bitcoin based on such gold distractions.
Indeed, the whole idea of Bitcoin actually reaching parity with gold is pretty interesting one, but just like you rightly stated, there’s every possibility of Bitcoin to actually go beyond that. And it can also be pretty yet intriguing to consider the potential and possibilities of Bitcoin hitting a 10x to 1000x growth beyond the value of gold.
When investors prioritize focusing on the long term trajectory or Bitcoin, it helps to give a much more clearer and detailed picture of the asset, rather than just looking at the market’s current state and getting caught up in the market’s short term fluctuations. It can indeed be distracting to look at gold’s price movements, but the potential of Bitcoin depends on its growing adoption and of course unique characteristics too.
The problem with people is that, they mostly consider Bitcoin’s short term comparison with gold and this has a way making people not to see the bigger picture, and of course potentially leading to missed opportunities. It’s actually impossible for an investor to hodl on to Bitcoin for the long term or see its actual value without first understanding the asset’s worth and potential for the long term.
— this advice can sometimes be dangerous for beginners. Because if the market goes down further, it is not easy to handle the mental and financial shock.
One of the things that any beginner should attempt to learn is position size, and also he should learn to invest in such a way that he will continue to be able to invest for a whole cycle or more, and so it takes a while to build up a bitcoin portfolio, especially if investing weekly for 4-10 years or more... even over a year, weekly investing would be 52 investments, and over 4 years, that would be 208 investments..
Each of those investments should not make any BIG difference, even though they all add up to a lot of money. Sure there may be inclinations to front load the investment for anyone who has lump sum amounts available, so maybe he might divide his earliest lump sum amount into three categories of 1) buying right away, 2) DCA and 3) buying dips. Perhaps? Perhaps? Guys have to figure out these kinds of matters, and there is not necessarily one best answer, especially if a guy has a lump sum from the start, but if the guy only has his salary coming in, then it is likely best to employ DCA with something like a salary.
It requires lots of time, patience and discipline to be able to build up a solid Bitcoin portfolio. DCA is a very solid strategy towards achieving this goal because one may never how significantly one’s portfolio could add up if they stuck to consistent weekly investing for years.
And also, for those with lump sums, it can be more productive to divide it into categories and employ other approaches like DCA, immediate investment and buying the dip. This can be quite a pretty great approach as it may potentially help to balance risk and potential returns.
Ultimately, the best approach remains finding the strategy that suits pretty well with your financial goals and of course sticking to it. Could be the DCA, could be lump sum investing, it could even be a combination of both, but whatever strategy one chooses to use, it’s essential to always remember that patience and consistency are always very important.