Bitcoin is down 20% from ATH price bear market territory by TradFi definition Gold is currently at ATH price Bitcoin will catch up to Gold soon and surpass it, imho, patience is key, hodling is not easy... few Bitcoin has outperformed the S&P 500 over the past 1-, 2-, 3-, 4-, 5-, 6-, 7-, 8-, 9-, 10-, 11-, 12-, 13-, and 14-year periods. credit to Twitter @matt_hougan for the image below:
Gold gets more love from ET, If you purchased 1 oz of Gold 15 years ago, and sold today, you would have $2,000 profit, but not enough for a round trip business class ticket to from Australia to NY, USA If you used the same $ amount to purchase bitcoin otc, all deals were p2p, no exchanges, IRC channels, bitcointalk offers like Laszlo 2 papajohn pizzas for 10,000 bitcoin, snail mail through post office send $ for bitcoin... Today, you would be able to purchase a private jet, pay for salaries of a full crew for 5 years, purchase fuel and all other expenses, purchase real estate using bitcoin in San Francisco, purchase this website Elite Trader for 500 bitcoin, purchase Trading View subscription using bitcoin and after all that spending, you'd still be a US $ Billionaire today But that was a long time ago, ET posters would say bitcoin ship has sailed... they say that over and over https://www.elitetrader.com/et/threads/bitcoin-is-the-new-gold.331742/ -------------------- Today, you can spend $85k on 1.x bitcoin which would make you a US $ millionaire within 5 years and multi-millionaire US $ within 10 years or you could put that same amount in Gold and hope you double your money Choose wisely
Can you show where on ET there's a Gold Thread with 8500 posts which has hundreds of predictions of "....a million dollars soon...."
Mickey, 8500 posts does not mean majority of it is positive, in fact, I will make a claim that the majority of those posts are negative, especially during the bear market 2018-2019, 2022-2023, bitcoin is the butt of all jokes, the favorite asset to mock by ET posters, many no longer post And please do not state something that you know is false, I account for most of the bitcoin going to $1M within 5 years before end of 2029 and I can assure you I have not made hundreds of those posts And in case you missed it, the picture of the Gold vs Bitcoin had 17 for gold 3 for bitcoin that's near more than 80% pro-gold vs bitcoin and in case you missed it, the thread I started bitcoin is the new gold got 0 likes, Z-E-R-O LIKES I do not care for likes, I wish ET had a hate button, give me all the hate, my job here is to spread the word of bitcoin and to save as much of ET from the matrix designed to enslave you bitcoin price was $5,000 when I started that thread, today it's up 1700% at today's price, gold less than 200%, lmao
Love you bro, just keeping things real as much as I can. Yeah, I know there's not hundreds of million dollar predictions, hehehe, but gotta spice up the conversation.
Love you too bro, and I wish to clarify that gold going up is something all bitcoiners should be rooting for, even as I recommend bitcoin over gold, I want to see gold go to $4k/oz, $5k/oz even dare I say it, $10k/oz (but this price is very scary level would almost certainly mean WW3 or global financial system collapse or something global catastrophic has occurred) I do not see gold at $5k/oz and bitcoin is less than $200k/btc. I do not have it on my bingo card The higher the price of gold, the more attractive bitcoin becomes as a diversification allocation to gold, as an alternative to gold, as a safe haven risk asset We live in interesting times, global central banks sovereign debts are no longer, safe, trading with high volatility (i.e. MOVE) causing chaos and dislocation and margin calls and liquidity issues, This week is the holiest of all weeks for all the Christians in the world, Friday is Good Friday, there's less liquidity out there, markets are trading thin, perhaps, next week is when the fireworks may start... Jesus may very well be the savior of all souls from eternal damnation, but Satoshi is the Noah of this finance world we live in, giving us the Ark to save ourselves and our descendants from the great flood of monetary debasement The fourth turning is upon us, Dalio has said so himself, repent now, oh wait,, no need to repent, just accept bitcoin into your heart Happy Easter to all those who celebrate, a new beginning awaits next week