Dan Held Shared: Bitcoin is surging. Gold is down.

Community Response:

Bitcoin Just Took a Big Dump from 68,000 to 38,000. It may be consolidating but it is hardly surging.

It’s bottomed out.

No. I am bullish long-term but we are not close to the bottom.

I think we bottomed out.

This won’t age well but I pray you are correct.

Either way, I win lol.

And going down again.  I guess it better not to say anything till we can maintain a 38k level or above 40k.

I’m predicting a fall as far as 33k then a rebound, if it breaks 42k it’s on its way up to 49k and beyond again.

You mean “wow” like in the potency of the predictive value of “if it breaks its well-established year+ long support or breaks its key intermediary resistance level it will either go up or down”? In that case… yeah, “wow”.

Misleading. That was a short squeeze. Bitcoin is a volatile asset and will continue to be until its market cap increases. Until then it’s a risky asset. That doesn’t mean it has no value, though, especially in times like this. In the long run, Bitcoin will most likely be king.

And I mean, yeah. “Bitcoin is surging” is technically accurate if you take the 18-hour view, at the 24-hour view it was violently collapsing, but you know the way I try to look at it is at the ~20-hour view. Also, gold? That thing you can buy with crypto?

Congratulations. Inflation hedge working as expected. Will slap me next time someone tells me that Bitcoin is not tied to the stock market.

Because Bitcoin’s investors are no longer only people who believe in the technology and fundamental itself.

Most people have just lost their wallet keys.

The worst thing about the crypto web is nihilism. I don’t care if BTC is up today. SOMETIMES some things are more important. (And it’s up as a haven from sanctions). Hardly something to be excited about.

Relax. There have been plenty of armed conflicts going on around the world I doubt you stopped involvement in your other interest for them.

Gold + 50% Bitcoin -20% Gold -5% Bitcoin +6% BITCOIN SURGING, GOLD DYING! … How do you people sleep at night.

Well, Bitcoin in 2020 surges 600% from 10,000 to 60k and gold only from 1000 to 2000.  So, in the long run.  Bitcoin wins. I’m am so sorry for gold lovers.

What happened when everyone thought we were going to war? The opposite I am on the Bitcoin side, but don’t spread fake garbage Bitcoin is a speculative asset.

Gold is coming back up. Showing incredible strength in the face of bankster paper slams.

I wish they would stop drawing this parallel between Bitcoin and gold. You can’t grab billions, millions, or even thousands worth of traditional gold and fit it on a Ledger device that can travel with you anywhere. This should be more than enough. And you can’t fake Bitcoin!

Say you get a massive margin call on one or more sectors of your portfolio. But you don’t have enough cash to meet the call. What assets can you liquidate if you need same-day cash liquidity? Gold futures – the ideal asset to liquidate to get cash.