I have been telling a buddy since 40k every time it goes up 5k because I told him at 4k to grab all he can and he called me stupid.
Not sure he likes me anymore.
I know those stories very well…
Also little different, but last year many were crying just to be at page parity again….
I hope we never see that again.
Me three. I told a cousin, who seemed very interested at the time, to buy at $7000.
Re parity, we are almost at 1.000
BTC equaling a kilo of gold. bitbo.io currently shows 1 BTC = 0.99 kg Au.
I canont recall looking at bitbo.io.
I like this gold chart showing both ounces and grams so yeah it is getting close..
https://charts.bitbo.io/btc-gold/ We still have not quite met the ATH price of bitcoin against gold that was set in the two BTC price peaks in 2021, but it is getting very close - which also is a sign that gold is doing slightly better than it was in 2021 - but still gold's got nothing in terms of pumpamentals as compared with bitcoin.
Of course, bitcoin has a bit of an unfair advantage because is it is a new asset and with still quite low adoption that includes an unfulfilled addressable market that does not realize that they still need to be matched up with bitcoin, and so sure there is nothing wrong with gold, since it is quite sound money, as compared with other forms of money - but it had been getting beaten up by various dollar systems - and bitcoin happens to be right around 1,000x better than gold, but bitcoin is still priced ONLY around 1/10th or 1/11th of gold in terms of market caps... with bitcoin's market cap currently being just over $1.34 trillion and gold's being right around $14.1 trillion.
Bitcoin reaching gold parity this cycle seems quite reasonable, even though it might not be sustainable, even though bitcoin's reaching 10x gold parity within the next 2-3 cycles is also a reasonable factor even though it could take another cycle or two to become sustainable over that.
Speaking of sustainability, maybe I should take back a lot of what I had just said above, since I had been slipping into the common-man's error of analyzing these matters in terms of BTC spot prices, which many of us should already appreciate and recognize BTC's spot price to be far from reliable in terms of its sustainability - even though we can feel price cushions from BTC spot prices.. so I committed the error of failing/refusing to analyze this in terms of BTC's 200-WMA, which happens to currently be about half of BTC's spot price... but spot price is surely the part that is getting a lot of us excited right now, including but not limited to yours truly.
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