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Bitcoin only came into existence after the GFC. It has only ever experienced relatively benign market conditions, during one of the longest equity bull markets in history. All previous Bitcoin bear markets occurred in isolation, not correlated with overall market weakness. We got a taste of how...

I suppose at least gold is doing less bad than the stock market. And certainly a lot less bad than crypto. :D It will be interesting to see which asset classes come out of this bearish period of deleveraging the strongest.

The % figure in brackets would be the drawdown from the Nov 2021 ATH of around $69k.

MSTR, you don't see many charts like this. :D https://www.google.com/finance/quote/MSTR:NASDAQ?sa=X&ved=2ahUKEwj3p57bh6X4AhWMasAKHVK9C0cQ3ecFegQIGRAY&window=MAX

I'm currently debating how long to continue holding the silver investments I bought a few years ago. I did think the current inflationary environment might ignite precious metals but at the moment it only seems to be boosting other commodities and energy. If things carry on as they are much...

Hamilton has been peddling this shite for years. He calls himself a contrarian but loser might be more apt. The only thing he is an expert at is writing copious amounts of BS. Like all gold bugs, one day he'll be right but only like a broken clock is right twice a day.

I could do that if I held Bitcoin as part of a diversified portfolio (eg. BTC, S&P500, Gold, Property, Bonds). But not 100% of my investable net worth in BTC.

What would worry me about holding Bitcoin through a drawdown is: 1) It's only been around a relatively short length of time (13 years?). Sure it's had a few bear markets and always recovered but 13 years is not really long enough to assess the long term viability of an asset class. With other...

Big difference is, driving a car is largely deterministic. Financial markets are anything but. That's why trading is one of the hardest things to be successful at.

If I was your wife, I'd be starting to think that you love Bitcoin more than me. :D Seriously though, please think twice before risking your FIRE.

On the other hand, if all these experts are predicting that it will go from $0.00019 to over $100, you'd only need to invest $2 to make $1m. If I invest $2000 I'll become a billionaire. :)

Are any stablecoins risk-free? Is it worth the risk of holding them over good old USD?

So, even if the investment performance was mediocre over the next few years, it wouldn't change your belief in it? I'm sure quite a lot of people would lose faith if it stopped being a big NGU.

I think it's a good chart for showing historic bull and bear markets. The trouble is: There's no guarantee that gold will ever again have a roaring bull market like it did in the 2000s and especially the 1970s Even if it does, there's no telling how many years from now that could be. (There...

Well, up to now, anyone who had HODL'd wouldn't have lost. After every crash, it's always recovered and gone on to reach new ATHs. It's therefore not surprising that there is this faith that if you just keep HODLing, one day it will reach $0.5m or $1m. And, who knows, maybe it will. Question...

Does anyone have one of those charts which goes up to 2030?

Gold performed exceptionally well in the 1970s and also did very well in the 2000s. Maybe the 2000s were its last hurrah, and it's now consigned to history.

20% risk-free? I guess 20% sounds conservative in the crypto world, leading people into a false sense of security.

Looking at the list of i̶d̶i̶o̶t̶s̶ celebrities who own them would be enough to put me off. :vomit: But I'm just a boring old fart. :D

I guess he'll be hoping that Bored Apes are different.