I hate to be a Debbie Downer but I do not like the risk/reward for btc right now. If we manage to break through $5000 I see a maximum of $5500 to $7000 before a major (meaning painful) correction. I am talking about $2500 to $2800, 50% correction or back to the weekly 20 MA. You know it will come, we just don't know when. I would rather wait for a huge discount to buy. I hope I am wrong, really, but I doubt it.
Based off your news alert, I was about to sell a chunk of my bitcoins but then was confronted by THIS:
Sell my BTC for which of these?![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fs29.postimg.org%2F8h2yd1j1z%2Ftable2.png&t=665&c=lSTcquIrCXazkA)
What would outperform bitcoin?
Bitcoinnewsmagazine, you are hinting at US dollars outperforming? That's a very impressive ability to predict the bitcoin market, you must be one of the richest people alive. Hats off to you.
Over time, during times of fear and war just compare Bitcoin to other financial assets and compare real data.
Also, if war takes hold the waves of credit start to recede from traditional financial assets, but there is a CROSS-BORDER, UNFREEAZABLE asset of Bitcoin which is experiencing an INCREASING amount of net investment INTO bitcoin EVEN AT recent "HIGH" PRICES.
One of the drivers is that only some private investment funds, hedge funds, private partnerships, endowment funds are BEGINNING to dip tiny allocations into this new uncorrelated financial asset.
This year and next they will play catch up until Bitcoin (in some year long-time from now) normalizes to size of an invested financial asset with a market cap above $300B (current market cap at time of this writing is less than $80B).
If the market were to collapse (modern-day markets pegging S&P 500 US Stocks index as a worldwide primer) - where will the flight to safety be?
Quantfunds (Quantitative investment funds that rely on mathematical models for investments) are infamous at crunching through vast arrays of data across all asset types to use combine investments of less-correlated assets together to acheive great investment returns while still being defensive during down markets. And the outperformance of Bitcoin when other assets are down will not go unnoticed.
Info on The chart above:The chart above shows since mid-June here were the performance of asset-classes when S&P 500 was down more than -0.2% in a day.
There were only 10 days since mid-June where daily drop of S&P exceeded -0.2%. The above compares how Bitcoin, Gold, Long Term US Treasury Bonds, US Commercial Real Estate (REIT), and Bullish US Dollar Index did on those same days.
The assets are represented by most established, regulated, liquid ETFs:
Gold ticker: IAU - iShares Gold Trust
Long Term US Treasury Bonds ticker - TLH - iShares 10-20 Year Treasury Bond
US Commercial Real Estate ticker - VNQ - Vanguard Real-Estate-Investment-Trusts ETF
Bullish USD index ticker - UUP - PowerShares DB US Dollar Index Bullish
Where will the flight to safety be in terms of assets/investments?
There are already 3 large institutional investment vehicles for private investments, hedge funds, and quant-funds to get bitcoin exposure:
-XBT provider's bitcoin swedish nasdaq etf (priced in SEK currency) : bitcoinxb / bloomberg ticker: coinxbt [not real btc]
-Grayscale's bitcoin Over-the-counter markets fund : GBTC [not real btc]
-Gemini's exchange's daily auctions of bitcoin buyers and sellers [real btc?]
This is outside of the many popular exchanges that exist for bitcoin and cryptocurrencies including p2p exchange localbitcoins. [real BTC]