Crypto trading

[Bingo-Player]

I don't disagree with you but which is holding strong against inflation? One isn't even keeping with inflation let alone a hedge. Wouldn't recommend sleeping on either.

Gold is up around 7% in the last week , the markets have been sleeping on it because it's out of fashion

Crypto is in fashion and the easiest way for bitcoin spin doctors to warrant it's price is to say its a hedge against inflation

Is it really though ? i struggle to see how anything without a fixed economical demand can be a hedge

I ask again why do i need bitcoin ? , because some guy down the street has some and thinks its going to be the next big thing ? eh ? who cares its not going to keep me awake at night i can live my life exactly the same with or without bitcoin

Remember bitcoin has zero recognition in any first world financial or economical framework ......it's just kind of there with govs almost saying yea whatever we ain't taking responsibility if it goes tits up

 

[Who Dares Win]

Gold is up around 7% in the last week , the markets have been sleeping on it because it's out of fashion

Crypto is in fashion and the easiest way for bitcoin spin doctors to warrant it's price is to say its a hedge against inflation

Is it really though ? i struggle to see how anything without a fixed economical demand can be a hedge

I ask again why do i need bitcoin ? , because some guy down the street has some and thinks its going to be the next big thing ? eh ? who cares its not going to keep me awake at night i can live my life exactly the same with or without bitcoin

Remember bitcoin has zero recognition in any first world financial or economical framework ......it's just kind of there with govs almost saying yea whatever we ain't taking responsibility if it goes tits up

Canadian regulators earlier this year approved ETFs that hold bitcoin directly. The first one launched in February from Purpose Investments on the Toronto Stock Exchange.

https://finance.yahoo.com/news/amer...roakuIkorRBJHxiTp38PPNtMfVfTHma6Fr15r3isothhf

 

[BackInTheGame78]

Gold is up around 7% in the last week , the markets have been sleeping on it because it's out of fashion

Crypto is in fashion and the easiest way for bitcoin spin doctors to warrant it's price is to say its a hedge against inflation

Is it really though ? i struggle to see how anything without a fixed economical demand can be a hedge

I ask again why do i need bitcoin ? , because some guy down the street has some and thinks its going to be the next big thing ? eh ? who cares its not going to keep me awake at night i can live my life exactly the same with or without bitcoin

Remember bitcoin has zero recognition in any first world financial or economical framework ......it's just kind of there with govs almost saying yea whatever we ain't taking responsibility if it goes tits up

It's not fashion. It's changing the world. When people start seeing it for what it is, it's a lot easier to understand it.

 

[jaygreenb]

Gold is up around 7% in the last week , the markets have been sleeping on it because it's out of fashion

Crypto is in fashion and the easiest way for bitcoin spin doctors to warrant it's price is to say its a hedge against inflation

Is it really though ? i struggle to see how anything without a fixed economical demand can be a hedge

I ask again why do i need bitcoin ? , because some guy down the street has some and thinks its going to be the next big thing ? eh ? who cares its not going to keep me awake at night i can live my life exactly the same with or without bitcoin

Remember bitcoin has zero recognition in any first world financial or economical framework ......it's just kind of there with govs almost saying yea whatever we ain't taking responsibility if it goes tits up

It is not in fashion, it is the fastest growing and potentially most disruptive tech in history, even the internet. The reason to hold bitcoin is to be able to maintain or increase your purchasing power over time, maintain self custody/ soveirgnty in a completely decentralized asset that you can take anywhere. If you aren't concerned with that then yes, it is not for you.

 

[SargeMaximus]

Gold is up around 7% in the last week , the markets have been sleeping on it because it's out of fashion

Crypto is in fashion and the easiest way for bitcoin spin doctors to warrant it's price is to say its a hedge against inflation

Is it really though ? i struggle to see how anything without a fixed economical demand can be a hedge

I ask again why do i need bitcoin ? , because some guy down the street has some and thinks its going to be the next big thing ? eh ? who cares its not going to keep me awake at night i can live my life exactly the same with or without bitcoin

Remember bitcoin has zero recognition in any first world financial or economical framework ......it's just kind of there with govs almost saying yea whatever we ain't taking responsibility if it goes tits up

Main issues for me:

- the world hasn’t seen the kind of inflation that is coming

- Bitcoin dipped on inflation news while gold broke its multi year down trend

- Bitcoin has yet to outperform anything in an inflationary environment since it wasn’t around during heavy inflation. Saying bitcoin will be an inflation hedge not only ignores what it has done on bad news for the stock market but is also speculative at best

 

[jaygreenb]

Main issues for me:

- the world hasn’t seen the kind of inflation that is coming

- Bitcoin dipped on inflation news while gold broke its multi year down trend

- Bitcoin has yet to outperform anything in an inflationary environment since it wasn’t around during heavy inflation. Saying bitcoin will be an inflation hedge not only ignores what it has done on bad news for the stock market but is also speculative at best

Focusing on the wrong points, day to day price moves are irrelevant and there are too many variables, you have to look at the long term trends. If you really want to look at it, how has gold done in the past 18 months in the time of the greatest monetary expansion and political unrest, then compare to bitcoins performance. Your points don't even make sense. Ignore at your own peril, you either get it or you don't.

 

[SargeMaximus]

Focusing on the wrong points, day to day price moves are irrelevant and there are too many variables, you have to look at the long term trends. If you really want to look at it, how has gold done in the past 18 months in the time of the greatest monetary expansion and political unrest, then compare to bitcoins performance. Your points don't even make sense. Ignore at your own peril, you either get it or you don't.

Ironically it IS the long term I am looking at. 1970’s inflation and gold action come to mind

 

[jaygreenb]

According to your previous points you do not. Inflation does not only exist on the day manipulated CPI numbers are published. It happens in vectors and typically shows up in financial assets first then consumables. Your previous points were incorrect and you did not address anything I said. Sitting in only gold and not bitcoin over the next decade carries a lot of risk. Have at it if you want but this isn't an exact repeat of the 70s, some aspects relate but there are also similarities to many other periods in time.

 

[SargeMaximus]

According to your previous points you do not. Inflation does not only exist on the day manipulated CPI numbers are published. It happens in vectors and typically shows up in financial assets first then consumables. Your previous points were incorrect and you did not address anything I said. Sitting in only gold and not bitcoin over the next decade carries a lot of risk. Have at it if you want but this isn't an exact repeat of the 70s, some aspects relate but there are also similarities to many other periods in time.

Consumables are inflated what are you smoking? Not to mention energy companies like SM energy doing over 1000% the last 12 months.
Things are shifting.

 

[jaygreenb]

Consumables are inflated what are you smoking? Not to mention energy companies like SM energy doing over 1000% the last 12 months.
Things are shifting.

Really not sure what point you are trying to make, it is incoherent. Yes, everything is going up but inflation showed up first in financial assets, not really debatable. It will continue in most parts of the economy

 

[SargeMaximus]

Really not sure what point you are trying to make, it is incoherent. Yes, everything is going up but inflation showed up first in financial assets, not really debatable. It will continue in most parts of the economy

What I’m saying is that inflation is ramping up and bitcoin hasn’t been outperforming the oil company I mentioned. Oil is typically a good inflation hedge isn’t it? Shouldn’t bitcoin outperform oil going forward?

 

[jaygreenb]

What I’m saying is that inflation is ramping up and bitcoin hasn’t been outperforming the oil company I mentioned. Oil is typically a good inflation hedge isn’t it? Shouldn’t bitcoin outperform oil going forward?

No, that's not how markets work at all, there are many variables at play. Comparing a particular oil company to bitcoin in a short period of time is completely absurd. Wish you well though, good luck

 

[SargeMaximus]

No, that's not how markets work at all, there are many variables at play. Comparing a particular oil company to bitcoin in a short period of time is completely absurd. Wish you well though, good luck

Funny because everyone compares bitcoin (short timeframe) to gold (large timeframe) but when a guy like me compares a random oil company to bitcoin over a 12 month (small timeframe now?) it’s not the same.
I’ll tell you what, if bitcoin outperforms all the oil or uranium companies this cycle (5-10 years) I’ll rethink my thesis.

Is that a long enough time frame for you?

 

[BackInTheGame78]

According to your previous points you do not. Inflation does not only exist on the day manipulated CPI numbers are published. It happens in vectors and typically shows up in financial assets first then consumables. Your previous points were incorrect and you did not address anything I said. Sitting in only gold and not bitcoin over the next decade carries a lot of risk. Have at it if you want but this isn't an exact repeat of the 70s, some aspects relate but there are also similarities to many other periods in time.

Ironically, the fractals suggest Bitcoin is about to undergo the parabolic run that gold went on in the 70s...they overlap almost perfectly together when put on a chart.

 

[SargeMaximus]

Ironically, the fractals suggest Bitcoin is about to undergo the parabolic run that gold went on in the 70s...they overlap almost perfectly together when put on a chart.

If that happens I will definitely rethink my thesis

 

[jaygreenb]

Funny because everyone compares bitcoin (short timeframe) to gold (large timeframe) but when a guy like me compares a random oil company to bitcoin over a 12 month (small timeframe now?) it’s not the same.
I’ll tell you what, if bitcoin outperforms all the oil or uranium companies this cycle (5-10 years) I’ll rethink my thesis.

Is that a long enough time frame for you?

Moving the goal posts, but sure, why not.

 

[SargeMaximus]

Moving the goal posts, but sure, why not.

Lol 12 months is too short, 5 years is too long now? Tell you what, pick the time that bitcoin outperformed and we’ll use that. Lol you crack me up

 

[jaygreenb]

It went from bitcoin isn't a hedge to does it out perform Uranium stocks, you just jump all over the place. 10yrs is good, stick to that.

 

[BackInTheGame78]

Lol 12 months is too short, 5 years is too long now? Tell you what, pick the time that bitcoin outperformed and we’ll use that. Lol you crack me up

Bitcoin returns over a decade are 500,000+%
Gold returns over that same timeframe are -8%
Stock market returns are 280%

I mean I'm not sure how much time you need...,

 

[SargeMaximus]

Bitcoin returns over a decade are 500,000+%
Gold returns over that same timeframe are -8%
Stock market returns are 280%

I mean I'm not sure how much time you need...,

I’m talking about future performance. Not much I can do about missed gains.
My theory is that because of inflation, commodities like oil uranium and gold will outperform everything, including bitcoin. So let’s see.

We haven’t had inflation like we will, so the market conditions are different. And I think you can agree that different assets perform better in different market conditions.


@jaygreenb
Yes because oil and uranium will outperform due to inflation. Try and keep up