Gold is up almost 15% without any noticeable pullbacks yet. This is straight connected to the dropping Stock markets. The Goldprice is a straight measure of market fear.
This is the time for bitcoin to shine like gold does. If we dump just like the stock markets do I don't see many people looking into bitcoin as a possible investment in bad times.
This is the time for bitcoin to shine like gold does. If we dump just like the stock markets do I don't see many people looking into bitcoin as a possible investment in bad times.
I think part of the market sees it as digital gold and part of it sees it as a tech stock. That should lead to head-scratching and flat.
Or extreme violence. Either way.
Well if you are honest 99% of the people don't see a real problem with fiat money, even if you explain it to them. They simply don't care
Only that the the 99.9% haven't got any money, relatively speaking.
The 0.01% who do have the money do care.
if you say that you did not understand the system...
the upper 1% are the guys profiting from the printed money not the 99% they are forced to be poor no matter how much they work on their regular job. On top most Billionaires and Millionaires are mostly on paper rich, mainly because they have a lot of shares of something in the stock market. Like Mark Zuckerberg, Bill Gates, Sergey Brin, etc. essential every rich person super rich.
In Benjamin Grahams book "The Intelligent Investor" there were some musings on if people put their savings in a portfolio of solid household stocks instead of the bank. This way your savings will follow value creation instead of money policy. Eventually I hope Bitcoin will have a similar profile.
Surely Bitcoin can be at some point a real investment strategy if the price gets more stable in the area of Gold. You also want the liquidity which the big markets provide.
I mean if I would have 1 Million $ to invest I would surely not put it in bitcoin. Maybe a small % to profit from it if it takes over the world. Sure it can go up and I could easily double or quadruple at some point. But in the end Bitcoin is a high risk asset and could end at some point and become worthless.
And its fate rests in the hands of economically illiterate squabbling nerds.
Not exactly comforting, but I still have hope.
and when gold rise ... bitcoin follow ... 
