It's official, normies are entering the gold market
(media.scored.co)
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Normies are lagging one lap behind. I'm thinking about selling all my gold and buying BTC.
Yeah really ahead of the curve buying after BTC has already gone to $100k and now $80k. You donkey.
Lol It's called buying the dip - you don't buy the high points, you goober. Do you think it won't go up anymore? Wanna bet?
Buying the dip of an asset that went from literally nothing to an absurd valuation all while having 0 intrinsic value is insane. I'm only betting on cycles with long established patterns. Or profitable businesses that have depressed P/E ratios for some transient / emotional reason.
Wait till you hear about stonks. The technology and the concept always had value but it took time to realize its potential. And now that it has turned into the biggest decentralized network limited supply currency, its value grew exponentially. I don't get the "0 intrinsic value" argument. What's the intrinsic value of the dollar or any other fiat monopoly-paper physical currency? That I can wipe my ass with it if nature catches me unprepared?
There are cycles and patterns in BTC. It has upturns followed by downturns with a steady green trend.