Investments

Hah, little circle image did the trick. Anyways, as I was trying to say I think Bitcoin has a lot of staying power in the future. Before, I would have said it was a bubble, but now the whole game has changed. Hedge funds are now taking long positions and Elon Musk himself bought an absolute shit ton of it at 40k. Wouldn't be surprised to see Bitcoin hit 50k before the end of the month.

My MARA bitcoin miner stock is going ballistic after hours. I think they might take that to 50 if bitcoin can hit 50k. Wow....

@alephy not saying you cant dip in the negative with gold. But unlike bitcoin which isnt determined by demand and by analysts and the like. Gold is clearly a safer option. Not as high of a return as bitcoin but i can get 1 oz of gold cheaper than one whole bit coin priced in the 5 digits and up.

Regardless of the asset class is. Supply and demand always takes a role. Just like Gold. Bitcoin is also partially determined by supply and demand. People buy and people sell. The more people buy. The more the price goes up. The more people sell. The more the price goes down. That is simple supply and demand. Bitcoin is not excluded from the basics of supply and demand. Is gold the safer option? Yes and no. Depends on how you define safe. If one knows how to properly secure their cryptocurrency. No government in the world can steal your crypto. Even if the government raids your house. If you're the only one that has access to your crypto private keys. The government can't do shit to take away your money. That's not the same with Gold. If the government ever tries to take away your gold. There's not much you can do. The government will steal your Gold. If your crypto is properly secured in a hardware wallet. Then no one can take away your Bitcoin. In the sense of the government taking away your assets. Bitcoin is safer then Gold. But in the historical sense. Gold has been around since ancient times. From the Romans and even before that. Gold as a store of value outlasted every single empire. Gold will outlast the American and Chinese empires as well. Gold as a store of value will probably never go away. Gold will probably outlast Bitcoin as well. In the historical sense. Gold is safer. But the time scales for the collapse of Bitcoin are probably out of my lifetime. I personally wouldn't worry about how unsafe Bitcoin is. Here's a story about how German police confiscated 60 million worth of crypto from a criminal. The only problem is that the criminal is not giving out his password to the hardware wallet. Unless the criminal ponies up the secret key. The German government is shit out of luck. The German government is not getting those 60 million out any time soon. Whether just or unjust. If the Bitcoin is properly secured. It is an example on how not even the government can take away your Bitcoin. https://www.reuters.com/article/us-crypto-currency-germany-password/police-seize-60-million-of-bitcoin-now-wheres-the-password-idUSKBN2A511T (criminal says he forgot his private keys Lol) You don't need to buy an entire Bitcoin. Bitcoin can be bought in decimal fractions. The same with investments in gold. You don't need to buy an entire kilo of gold. Worth thousands of dollars. You can buy fractions of kilos of gold. Grams of gold.