If I had enough bitcoins, I would probably sell some for gold right now. This seems the best advice. But... What if the logic is wrong? If learned something during all these years is that when the chances for an explosive bull run are almost 0, she surprises everybody. I have the (SOMA) feeling that this is the case, and by the end of the year she will touch 200K. No arguments for that, no logic, nothing. Hence not a financial advice.
Gold or Bitcoin has been a debate for a long time. When Bitcoin is in a bear market and the price of gold increases relatively a little, many investors think that they should sell all their investments and buy gold, but is this a permanent solution? Bitcoin has reached this price gradually, when Bitcoin was in a bear market for a long time, many people sold Bitcoin, but even at that time, those who were patient and did not sell are now getting a good amount of profit. In this case, we can give an example of 2020, in 2020 we only saw a bear in the Bitcoin market and most experts suspected that the possibility of a bull run in the market was very low, but in the end, to our surprise, the market reached a bull run and got enough wisdom.
Now, if we look at the price of gold, it is increasing every day, so if an investor thinks that he sells Bitcoin and buys gold and after a few days, if Bitcoin goes to 200k or above, then these investors will regret it.
So I think we should keep the remaining amount of money as an investment in Bitcoin, leaving gold for use.
Short time, or even impulsive re-balancing never worked out for me with Bitcoin.
I always watched King Daddy going ahead of the other assets, medium and long term.
Once i got this, and it didn't even take a year, i only bought and held Bitcoin, never looked back, no Regrets.
Just my two cents.
It is hard to believe why anyone investing into bitcoin for more than a year would have had regrets for investing in bitcoin rather than gold.
Bitcoin has kicked the shit out of bitcoin for the past several years, and yeah, maybe looking at some shorter timeframes, you might imagine gold out performing bitcoin, but it still seems like a distraction, even if "technically" there are ways to show that gold out performed bitcoin on a few different time slots.
By the way, anyone holding $50k or more of either gold and/or bitcoin and who is wanting to move it around, guess which one is easier to move? Guess which one is more divisible, the most scarce, easiest to verify its veracity or not needing to use a third party intermediary. Even more true if you might have $1 million or more in one or the other.
I would have 960 coins left. I am 68. No kids and a very good wife.
I can simply spend 30 coins a year until I am 100
Or 40 coins a year till I am 92
Or 20 coins a year till I am 114.
That first move of selling those coins and setting up places to live with some hard assets is just that.
BTW cashing 20 coins for 1 years expenses is far move than I would ever need to do.
or spend 900 cornz on a medbed now for you and your wife. live forever.
then have 60 cornz left to invest like your favorite bot, JJG, formulas in his various posts. that will last forever laura. matter of fact
bet you that JJG will bet you something before long(ish)maybe?
maybe?
I am itching to bet.
Especially when guys are making outrageous claims.
[edited out]
Dont think bearishness is negativity. A lot of the OGs have been around a few cycles and know what comes next. Like Ive said, theres a good chance we go higher before the end of the year, but it is a near certainty that Bitcoin will be selling for cheaper in 18 months. Buy if you want, but dont shrug off the warnings as negativity.
Wow!!
That proposition, with that level of confidence, is almost bettable. Today's price versus the BTC price 18 months from now.
Which is lower?
Do I get odds, or would we be doing a 50/50 bet? Your level of confidence (OgNasty) causes me to believe that you think that the odds are pretty high that BTC prices will be lower 18 months from now. Put some money on it.. just for fun.
Stack is growing via btc mining.
dca and hodl
buy the dip and hodl
maybe 1 day I will have 2x 0.63 coins
That is how it works Phil.
Brand new guys might have to start out with goals of 1million, 10 million and/or 21 million satoshis, yet other guys who have been in bitcoin for a while can shoot for higher accumulation goals.
Bessent is a "player"...
Wham...selling a tiny bit of gold and buying bitcoin...
--good numbers--
This is not a real prediction.
Even less so if gold has to be physically delivered
Nice thought, though.
Nobody owns physical gold. They just fantasize about owning actual gold while they are really holding their various paper claims.
They would not know a $100k piece of gold if it were to fall on their foot (or if it were to be strategically placed in other convenient bodily places if it were to be attempted to be covertly (privately) transported across borders..
Bitcoin vs gold. While the trend is in Bitcoin's favor we are still below the 2021 peak, more than 4 years ago. We need a solid break into the 40 ounce area but we are far from it. Bitcoin has been under performing gold for sometime now.
I should add, this shows that Bitcoin is undervalued right now. If we do go down it is not because the price is in a bubble, it is the opposite right now.
Yeah, but. the more you zoom out, the worse it looks for "the case for gold"
This chart merely shows the last 5 years, but you can zoom out further (by clicking on the link and playing with the chart)... especially for those of us who had established our bitcoin position more than 5 years ago.
https://www.longtermtrends.net/bitcoin-vs-gold/