% idiots among investors

[Flexystar]

Honestly be thankful that we are seeing bitcoin as the third best choice in such short period of time. I don’t know but I think this is winning situation for the bitcoin. It’s not joke to be that popular just with over a decades of time and from the time period when people are actually started to understand what bitcoin is and how it is also one of the investment asset that can challenge you great deal of profits.

Just give it another decade and you will see how it will start switching the positions and making its upward trend. Bitcoin will get mined and demand will rise on faster scale as compared to the Gold rush. I am sure we will see prices and popularity both rising at an alarming rates.

[slaman29]

Bitcoin I buy ALL the time anyway so I don't get why people think it's a good idea to buy BTC only when dollar crashes

I don't believe in a US default because it will kill a lot of US companies.Only big banks and companies will survive.
China has about a trillion dollars worth of treasuries and Japan has about the same. The US has a good debt-to-GDP ratio. The US can punish China with sanctions if there is a war with Taiwan, but what about other creditors?

I agree, it's impossible to see this happen. Remember all the past default scares were just easily overturned, they raise the debt ceiling. This time they just wanted something extra from the president, to give in, show some power or show him to be weak, whatever it was.

Eventually maybe a default will happen but not this term and even if so, I don't think it ends up being death spiral for US. China doesn't want it either, as long as currency is strong they benefit from strong USD.

[ancafe]

"The precious metal is by far the top pick for those seeking protection in case Washington’s game of chicken over the debt ceiling ends in a crash, according to Bloomberg’s latest Markets Live Pulse survey. More than half of finance professionals said gold is what they would buy if the US government fails to honor its obligations."

That is not only true in the US and in my country over the last few decades people have also preferred gold as their choice. But is choosing one of the options much better than choosing some of the existing methods for example real estate and bitcoins as they are the closest sources at the moment. So that the investment value that you run is sustainable and able to maintain the investment value and regardless of the risks that will arise if the community chooses.

But more than 20% of Professional investors and more than 25% of Retail investors will bail out their Treasury and dollar investments. Or I do not understand the meaning of the US default?

I'm wondering if the survey is specifically for some of the ages that fall into the category, because if this survey were conducted in my country for people over 50 years old and above then the answer they would choose would be gold. However, this is not necessarily the same choice if a survey is conducted on people under the age of 50, because perhaps many people are familiar with other investment systems that have the potential for greater returns.

[Gallar]

"The precious metal is by far the top pick for those seeking protection in case Washington’s game of chicken over the debt ceiling ends in a crash, according to Bloomberg’s latest Markets Live Pulse survey. More than half of finance professionals said gold is what they would buy if the US government fails to honor its obligations."

In my opinion, it is no longer strange that gold is an alternative for most people to use as an investment asset or store of value. Because gold has been a valuable asset for mankind since thousands of years ago. So it's not strange that gold is now a very valuable asset or store of value in almost all circles. Gold also has many uses, and almost everyone already knows this. Like being used as jewelry, currency, as a material for electronic devices, and can even be used for beauty ingredients. So with so many uses, gold is definitely in great demand and loved by many people. Those are the things that make gold very valuable in the eyes of all humans.

But what is no less surprising is that bitcoin has been able to go up so far. Even though bitcoin is just over a decade old. That way bitcoin has indeed proven profitable, for most investors. It could even be that in the future bitcoin can match gold or even beat its popularity.

[wxa7115]

I agree, it's impossible to see this happen. Remember all the past default scares were just easily overturned, they raise the debt ceiling. This time they just wanted something extra from the president, to give in, show some power or show him to be weak, whatever it was.

Eventually maybe a default will happen but not this term and even if so, I don't think it ends up being death spiral for US. China doesn't want it either, as long as currency is strong they benefit from strong USD.

We knew this was going to eventuality be solved as at heart this was simply about the negotiation between two different parties vying for more power.

If the US dollar is to fall, this will happen due to a black swan which destabilizes the economy to such degree there is no way to repair it, the 2008 crisis was close to do this and many economists admit as much when interviewed, so another crisis like that could be enough to bring the US dollar down, however no one knows when such a thing may happen.

[Husires]

When you have a choice between fear and greed, the emotion of fear is much greater than greed. It is this fear that forces people to take the safest solutions in the event of fluctuations or impotence.In the normal situation, you prefer Bitcoin over the dollar, but when the price of Bitcoin begins to decline, you will find yourself ready to sell Bitcoin at half the price that they would have given you in exchange for avoiding the loss.
On the other hand, when the price starts to increase, greed is dominant, but when uncertainty comes or negative news begins to appear, selling is everyone's choice.

[jokers10]

When you have a choice between fear and greed, the emotion of fear is much greater than greed. It is this fear that forces people to take the safest solutions in the event of fluctuations or impotence.In the normal situation, you prefer Bitcoin over the dollar, but when the price of Bitcoin begins to decline, you will find yourself ready to sell Bitcoin at half the price that they would have given you in exchange for avoiding the loss.
On the other hand, when the price starts to increase, greed is dominant, but when uncertainty comes or negative news begins to appear, selling is everyone's choice.

How is it connected to that some investors say that they'll invest in US Treasures in case of US default? It is not about that you prefer dollars or bitcoins, it is about you choose defaulted assets because of their default. Sounds strange. And basing on your terminology is it fear or greed? OP supposed it is a kind of stupidity... Well, may be they have some unobvious explanation, may be they expect sales on Treasures and hope to earn on that... like a variant.

[judaspriest]

When you have a choice between fear and greed, the emotion of fear is much greater than greed. It is this fear that forces people to take the safest solutions in the event of fluctuations or impotence.In the normal situation, you prefer Bitcoin over the dollar, but when the price of Bitcoin begins to decline, you will find yourself ready to sell Bitcoin at half the price that they would have given you in exchange for avoiding the loss.
On the other hand, when the price starts to increase, greed is dominant, but when uncertainty comes or negative news begins to appear, selling is everyone's choice.

Basically, when faced with such conditions, a person's psychology tends to be like what you said,
what to watch out for when the price goes up and whether consciously or unconsciously, greed will appear,
so we have to really control that and that's important.

[slaman29]

I agree, it's impossible to see this happen. Remember all the past default scares were just easily overturned, they raise the debt ceiling. This time they just wanted something extra from the president, to give in, show some power or show him to be weak, whatever it was.

Eventually maybe a default will happen but not this term and even if so, I don't think it ends up being death spiral for US. China doesn't want it either, as long as currency is strong they benefit from strong USD.

We knew this was going to eventuality be solved as at heart this was simply about the negotiation between two different parties vying for more power.

If the US dollar is to fall, this will happen due to a black swan which destabilizes the economy to such degree there is no way to repair it, the 2008 crisis was close to do this and many economists admit as much when interviewed, so another crisis like that could be enough to bring the US dollar down, however no one knows when such a thing may happen.

Yup, just about showing off, and also probably about the big split between those in power, and those who feel they want to put something else in power.

Personally, I feel like even if the default happens, (which again I say it won't), it won't affect me. But I know my politicians will somehow make it so that we have the effects.

And then we will end up paying more for things, earning less, etc.

Funny is how no matter what state of economy is, we will always pay more

So the only hope for us is that Bitcoin comes out of this strong.

[Fivestar4everMVP]

This is nothing to be surprised about, most people are still very much more conversant with gold than bitcoin, gold has been a long aged assets which have been way back from time when this world was created, I would say that gold is probably the first precious metal to be created, so it is not surprising.

Bitcoin is just a suckling baby where gold is, and also understand that in analysis like this, gold will always enjoy that first mover advantage when compared to other kinds of assets, bitcoin still need alot of time to full trust from the masses, most especially those in the financial market, there is no need to hurry, it is a step by step thing, and one day, bitcoin will truly become the most chosen asset for those hedging their funds against inflation.

[disconnectme]

I believe this is the right result expected, do you expect people to bet more on Bitcoin or Gold, there is a reason why Bitcoin is still number one in the Crypto space because it has been tested and trusted over all these Altcoins that are unproven.Gold has been tested and trusted over the years with far higher market cap than Bitcoin and nothing so far has been able to displace it, US treasury too is secured and both are less volatile as compare to Bitcoin, Bitcoin would reach this level in future but need to be more tested

[justdimin]

When you have a choice between fear and greed, the emotion of fear is much greater than greed. It is this fear that forces people to take the safest solutions in the event of fluctuations or impotence.In the normal situation, you prefer Bitcoin over the dollar, but when the price of Bitcoin begins to decline, you will find yourself ready to sell Bitcoin at half the price that they would have given you in exchange for avoiding the loss.
On the other hand, when the price starts to increase, greed is dominant, but when uncertainty comes or negative news begins to appear, selling is everyone's choice.

I think it depends on the person. There are some people who are weak enough which obviously they are consumed by their fears but the opposite are not. They have the courage to do almost anything. I guess this can also equates to being greedy. When they already engage on the thing. They will always try to give their best.

Fluctuations are our ally. This is where we buy low and sell high so people must not be afraid with it. BTC and Dollar has their own advantage and disadvantages. We use BTC to earn a profit but we can also use it as a currency if we want to. It still has an advantage over the dollar. Selling at a loss are one of the strategy use by the traders or even some investors. If they are good enough, they can still be able to recover what they have lost.