re: Why is Bitcoin soaring?

quote:

---

Gold is an actual physical commodity that can be used in many applications. That gives it real, instrinsic value. It’s useful in daily life as a material.

---

Yeah thats why gold was used thousands of years ago. The intrinsic value of electroplating in circuits.

quote:

---

I don't really understand this argument. BTC was available before the ETFs. And gold never shot up upon the introduction of gold ETFs.

---

Gold went up 250% in 7 years after gld launched. That is a massive move for a lumbering asset like gold whose production can be increased with price sensitivity.

quote:

---

Gold went up 250% in 7 years after gld launched. That is a massive move for a lumbering asset like gold whose production can be increased with price sensitivity.

---

It's hard to tie a 7 year move to ETFs launching. What was happening in the economy at the time?

quote:

---

Your unwillingness to at least do a little homework is costing you.

---

How so?

You know my investment style?

Slidell I have been trying to get you to research Ethereum for years. How are you such a good investor yet don't know a damn thing about the 2nd most valuable cryptocurrency on the planet? In your terms it's like knowing nothing about silver.

quote:

---

Not sure why you’re so hung up on gold but it’s certainly got real value as a commodity.

---

Because it exposes your double-think error.

Your argument about some ancillary application of gold for electronics doesn’t explain 99% of its history as a store of value. Not an impressive counterpoint.

Everyone is trying to help you understand, you just keep repeating the same shite questions over and over again.

If people would just take the time to learn the bitcoin 4 year cycle, and how it was designed to work, there would be a lot less complaining about losing $200 years ago on a shite coin, so "crypto must be a scam" excuse. I don't give a damn about crypto. I don't care if its the "perfect" worldwide currency. I don't care what ethereum, or solana does. All I know is that I can make money off of it. With minimal research, you can pretty much throw a dart at any alt coin, and the likelihood that it will go up around the pre and post halvening is pretty hi. Is it guaranteed? No, but show me what is. This is the money board. Everyone reading this wants to make money. There are many different ways to do that, and this is one of them. Take it or leave it. I choose to outpace traditional markets, because I do believe there are other ways to make money besides sticking it in an S&P 500 ETF and make 7% average returns.

quote:

---

I choose to learn.

---

No you don’t

quote:

---

You hate questions about this stuff but it’s fair to question

---

No we’re tired of you asking the same questions over and over and not listening to the answers.

Stop starting crypto threads.

quote:

---

and could get squashed if a government chose to do so.

---

Like China did? How'd that work out

quote:

---

I don't really understand this argument. BTC was available before the ETFs.

---

Logically this makes sense, but:



Many more people will simply allocate 2-5% (or more) of their portfolio that previously were either too technologically scared or stubborn before. Supply and demand will work its hand.