While the bubble was expanding.
False. It's been a cycle. It hasn't been going up the whole time by any means. It still outperforms gold by a massive amount. If you bought $20k of gold in 2009 you'd have about $23,000. If you bought Bitcoin in 2009 you'd have $3.5 million.
But you'd have to have held through several bear markets where you were in the hole a bit. Most people are shit at investing because they panic, or don't understand value. Crypto (at least Bitcoin and Monero) have many of the same benefits as gold, but are more divisible, more secure (counterfeit gold bars are a massive issue) and easier to transport.
Land is a good investment, I'll agree on that. But the property tax jew makes it a liability unless you improve it and make direct income off of it, so it's not the same class of investment (passive).
If you bought bitcoin in 2009
When it was being shilled on 4chan and not really well document elsewhere and the only way to transact was through obscure financial institutions and private transactions with absolutely no guarantees? If you put 20k into then you would have 3.5 million but you'd probably fuck around and lose it in subsequent, unproven transactions. You could have seen nearly the same returns buying NVDA in 2009 and selling at the peak of the peak.
I got rich off crypto in 2017.
I bought KY first bitcoin for $500. I sold out all my wallets over $19k per coin in 2017 and bought a house cash.
I know how it works. But I also know how it works haha.
Private equities and hedge funds have been flooding crypto with liquidity but it doesn't change that crypto can go to zero. It has no intrinsic real world value at this point. It is pure sentiment.
Gold and silver on the other hand has been currency for 6 thousand years. You still have your ounce of gold if the lights go out or computers get hacked.
I was once a hodler. But I won't be a bag holder on this titanic bubble. I've got my life raft and I won't paddle back until the ship is sunk so I dont go down with it.
You still have your ounce of gold if the lights go out or computers get hacked.
If the lights go out gold will be worthless too. Only ammo and food would be worth anything.
Here's the thing. Gold and silver have intrinsic real world value. But it is shorted and manipulated by the paper contracts which are just a bankers tool to make a buck.
Crypto has no intrinsic real world value but is LONG with the banksters.
They have spent the last few years pumping crypto and shorting gold/silver. It is not a natural price discovery. It is all institutional and inverse between these two asset classes.
And while bankers have been suppressing prices of precious metals, they have been accumulating them with crypto profits.
The crypto game is almost up. Price discovery WILL happen for both.
I mean damn, it costs more than $20 to mine an ounce of silver out of the ground. You think that's possible without the paper to silver ratio being 300/1?
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