You are viewing a single comment's thread from:

RE: My Next Crypto Investment Goal is to Own One Full Bitcoin! + I Talk About My Investment Strategy

in #bitcoin6 years ago

Don't believe the hype about cryptocurrency. Almost every asset on the planet right now is in a bubble with the exception of silver and gold, which are inverse bubbles because they rigged them down even more than usual to try and facilitate NIRP/ZIRP (which failed anyway).

US debt + gold chart had over a 90% correlation and will obviously return there, meaning the price of gold should already be something like $2500+, which would take silver to a 30:1 ratio in the bull run (around $75-85) and it's currently $16.50.

I went all-in on bitcoin when it was $200 and would definitely not buy the stuff now over silver, but that's just me personally because I favor only asymmetric trades where making money is inevitable and not gambling on pump and dumps.

Most posts on here about cryptocurrency are hype and lies with no understanding of how any of it works. If you want to see some contrarian info as to why cryptocurrency is garbage to me compared to metals (here's a few to start with but I've written like 40 of them):

https://steemit.com/steemit/@r0achtheunsavory/the-r0ach-report-14-defining-if-cryptocurrency-has-a-value-or-zero-value-from-a-fundamental-scientific-perspective

https://steemit.com/bitcoin/@r0achtheunsavory/the-r0ach-report-13-why-the-economics-of-bitcoin-don-t-actually-work-what-satoshi-really-meant-when-he-said-the-price-would

https://steemit.com/money/@r0achtheunsavory/the-r0ach-report-23-the-achilles-heel-of-cryptocurrency-economic-fundamentals-seigniorage-fee

Coin Marketplace

STEEM 0.17
TRX 0.13
JST 0.027
BTC 59209.84
ETH 2659.93
USDT 1.00
SBD 2.43