Posts by brisksurfer71

brisksurfer71 said:Let me remind you about when it was around $8,000.

KuciloOro says: Check out this post
Don't get ahead of yourself. Gold is slow and heavily manipulated. Bitcoin, on the other hand, is incredibly volatile and moves fast.
Just like it dropped from $19,500 down to $9,800, it can just as easily climb from its current $12,000 up to $24,000...
I'll be reminding you about that $8,000 price point later.

Just a little reality check for a "fundamentalist" like KuciloOro 😵
how many ounces of gold can you actually buy with 1 BTC right now? 😁😁😁

dustyheron5 said:Don't be quite so certain. Gold is an incredibly sluggish, controlled asset—it moves at its own pace. Bitcoin, however, is volatile and inherently dynamic.
Just as it dropped from $19,500 down to $9,800, it can just as easily climb from its current $12,000 mark to $24,000...

Let me remind you about when it was around $8,000.

dustyheron5 said:Every bubble eventually bursts. The real challenge lies in determining at what level something becomes a bubble versus when it remains a profitable hold.

Take US stocks, for example—I was convinced they were a bubble back in 2021, yet look at them now. I missed the boat there—which doesn't mean my logic was wrong, but in investing, timing is everything. 😵

It’s the same story with Bitcoin. The question isn't whether it's a bubble, but rather whether we're looking at a $250 billion market cap bubble or a $2.5 trillion one.

That is a massive distinction.

Besides, if I were ever to sell my Bitcoin, I wouldn't pivot to stocks or bonds—I'd go straight into metallurgy. It's one of the few asset classes that isn't a bubble.

Because honestly, trading 1 Bitcoin for 10 ounces of gold seems like an incredibly good deal to me. :klap:

You're going to regret not pulling the trigger back when you first posted this.