Basing the price off a spot etf seems like an easy way to never see 100k. Just ask a gold hodler about spot price haha. That would be the easiest way to manipulate anything and crush all those dreamers who want it to be money.
Again, Bitcoin and gold are moving in opposite directions - just like I said previously, but someone here on the forum tried to discredit me. Gold is up, Bitcoin is down. This happens quite often. I am not stating that it's a general rule, but I believe that a large number of investors are swinging back and forth between the PM market and the crypto market.
Lights go out, your internet banking service goes out, your cryptos go out. Everything goes out. What's worse is that when this happens to the other side (the people you want to pay or expecting money from), then your lights on won't make the situation better at all.
10 years later when the lights go on,a squaters in your house,your safe been ransacked of gold, your cash has depreciated by 30%,your bitcoin is ownership recorded on the blockchain is back 10 times its value and everything is now valued in and against Satoshi's.
Risk on vs risk off patterns are totally opposite right now. Gold is forming bullish patterns and btc/stocks in a downtrend. Gold will always have a tendency to eventually go up when they are giving away a currency for free. Think of it like that. Stocks and crypto had the same for years but now its about value and risk off.
I think crypto is behaving a bit like stocks right now. This is when what Peter Schiff says comes to my mind: cryptos can potentially go to zero in value. Well, hell, yeah!
"They are tied at the hip" has been used to describe the relationship. Its a comparison you dont want to see if you think you "have something different" or "digital gold" if there were such a thing.
Its good to see all the love in the world these days. Governments in Shanghai care so much for their citizens enough to keep them safe at home. They only want the best of course.
BTC is behaving like BTC now. Its silly to say its behaving like gold or stocks because it isnt Zero BTC why not, two years ago you got paid for picking up crude oil at Cushing, than why not zero gold too. In all cases an anomaly at the time but SHTF "for distinct" products/sectors can and do occur. When crude was negative, pure refiners (not BP, Shell and Exxon etc) will have been laughing all the way to bank, but thier stocks tanked.
If anyone wants to discuss domestic violence trials take it to the current affairs section, or better still another social media platform.
Just sharing this in case anyone is interested in what the IMF is saying about the economy. Labor Day weekend and all.
Let's see what the future looks like... "You will eat bugs, own nothing and be happy" We will have absolutely nothing and will starve... unless we start eating bugs like Monte Christo - this explains why the appearance of a single bug will bring so much happiness! At least now, if we connect the dots (HAVE NOTHING + EAT BUGS + BE HAPPY), we can understand how this works