It's official, normies are entering the gold market
(media.scored.co)
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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.
Stocks being shares in real businesses do have real value.
Bitcoin has no floor or ceiling. Highly speculative and based on public sentiment which could drop it tomorrow for a new shiny object. It's valuation grew, not any value.
Your prediction is based on what exactly? There's no precedent in history. At this point BTC has become too big to fail imo although stranger things have happened and we live in very uncertain times where the entire financial system may crash. I regarded it with suspicion for many years and thought it will burst "any time now" but I was proven wrong. It's volatility subsides the more it is adopted and there are entire countries using it now. The difference with gold is BTC will become more scarce and thus more valuable and eventually only few hundred thousand people in the world will own it and it's going to be worth millions.
BTC has real value - it's decentralized value storage and currency and the only real alternative to central banking fiat inflationary debt-slavery tokens. Gold is cool for stacking and playing around with, but we're not going back to pirate days and it's not making anyone rich except the bankers. Fuck the bankers.