big fucking snip
Gold (up 25% since March) is telling the true Fedflation story that is coming, but no one is paying attention...
Gold is regarded by the markets as an inflation and economic change barometer, hence the price increases are a harbinger of shift in the monetary policy. A price increase of gold by a quarter since march could be an indication of the signals of price inflation or other issues affecting the general market. While many people may not pay attention to these movements, it is also important to ponder how shifts in the gold market can be beneficial or detrimental or can mirror general economic trends like the Federal Reserve policy.
Yeah, but how does any of that relate to bitcoin? have you heard of the topic of this thread, aka bitcoin?
He forgot silver is up March 24 is was 24 dollars
Sept 16 it is 30.69
that is =25%
Now if you look some more platinum is up 876 march to 1002 that is 15%
pladillium 953 march to 1081 sept that is 13%
dow jones
jan 37,905
march 38,700
sept 41,393
and btc
Jan 39,000
March 72,000
Sept 58,200
Which means btc appears to not be tethered to metals or the dow.
and from jan 2024 to now sept 2024 has done the best of those 5 things.
beating
Silver
Gold
Platinum
Pallidum
Dow Jones
Jan to sept = BTC
but not
March to sept = gold+ Silver
There surely can be some variance in regards to various asset classes being compared with bitcoin on randomly picked timelines, if you pick the calendar year or or if you pick the last year, and then maybe even to better understand the comparisons, we might need to see various similar previous timelines, to the extent it is even relevant to our thread's topic, and surely I am not totally opposed to making references to various other things that we might own and how the other things might compare to bitcoin in a variety of timelines.
Surely brand new investors to bitcoin might come in with other assets/currencies in his investment portfolio including potentialy owning (or having a mortgage) related to a personal residence and the other common one would be holding some stocks that might be offered through some kind of a 401k plan or something similar to that and some of those self-directed plans will have various options in regards to the kinds of shares to assets that can be purchased within them.
Other folks might not have material holdings in any other investments at all besides perhaps just cash, and there would surely be nothing wrong with starting out investing into bitcoin with ONLY having an investment portfolio of bitcoin and cash and building up the investment portfolio from there by ONLY building up the bitcoin portion and attempting to balance the cash portion, and such a thing could even work for a considerable amount of time that it might take to build the BTC holdings to such a state that it might be worth up to a year's expenses or more.
Edit: After posting, I saw that you (philipma1957) had gotten too excited in your post, and thus you had overly snipped parts of parts, and then screwed up your quotenings
To clarify who said what.. I had to fix such errors in your ways.. You can thank me, later. hahahaha.. once bitcoin reaches supra $70k since you seem to love that number.. and maybe your new number might be $75k, since $70k is so old hat and seeming to be sticking points of the olden days?.. .
Poll
