If you think the Fed will stop hiking, look at Bitcoin

[M.W.]

That's you, and generally me. But enough seem to take a different stance as reflected in the most recent btc surge.

If I need my cash in a year or less I wouldn't put it in a volatile asset like BTC.

 

[deaddog]

That's you, and generally me. But enough seem to take a different stance as reflected in the most recent btc surge.

I'm trading it but not investing in it.

 

[Maverick2608]

No, when banks fail, it calls into question the stability of the traditional banking system in the minds of deposit holders, so they take their money out of the banks and then put it into BTC so they can self-custody their wealth.

I am sure that is the reasoning behind some of the money flowing into BTC on the back of the SIVB failure. They will eventually self-custody significantly less wealth. I am with Charlie Munger on this one. But the discussion is so religious so let it rest and let's settle it down the line.

 

[M.W.]

Nor do I. But it appeared a lot safer to hold over the past weekend than letting dollars sit in any regional US bank account. Just saying that THIS IS the way lots of folks look at this.

I'm trading it but not investing in it.

 

[murray t turtle]

Ummm what??

%%
I dont think the Fed cares about a bit con\bit coin or the1973 con movie named ''The Sting''
Not an ad for bit con\bit coin or the movie con named The Sting''
Post title ''If you think the Fed is done hiking, look @ Bitcon '' [some spell it bit coin]
Am i saying bit coin is like a bit con ?? I am saying that.
Good question.

 

[Frederick Foresight]

I refer to a store of value.

 

[M.W.]

Dude, you MUST stop eating those mushrooms from your backyard. You are not seeing clearly and can't articulate a single sentence. For hundreds of posts now...and it's getting worse...

%%
I dont think the Fed cares about a bit con\bit coin or the1973 con movie named ''The Sting''
Not an ad for bit con\bit coin or the movie con named The Sting''
Post title ''If you think the Fed is done hiking, look @ Bitcon '' [some spell it bit coin]
Am i saying bit coin is like a bit con ?? I am saying that.
Good question.

 

[Frederick Foresight]

But enough seem to take a different stance as reflected in the most recent btc surge.

Pumpty Dumpty?

 

[M.W.]

Of course, what else. It's not that any lender of last resort backs it...

Pumpty Dumpty?

 

[unconventional wisdom]

I am sure that is the reasoning behind some of the money flowing into BTC on the back of the SIVB failure. They will eventually self-custody significantly less wealth. I am with Charlie Munger on this one. But the discussion is so religious so let it rest and let's settle it down the line.

every time i see a coin-skeptic that see's bitcoin and other tokens as a religious discussion, it tells me crypto is still in the early days. it's bullish for bitcoin. a paradigm shift in banking and ownership is possible and it involves crypto currency. i just hope i live to see it. maybe it is religious after all