don't be stupid, stick to the fundamentals and ignore the short term volatility

[Dalmar]

gold has outperformed every other asset class except bitcoin for the last 14 years with the exception of 2013.

That's just because of the Gold bull market since 9/11, which has ended.

Compare it to something like Apple or Berkshire Hathaway stock since the 80s and it looks pretty weak in comparison. In general blue chip stocks massively outperform gold over the very long term.

[peeveepee]

Large correction like this week is not just short term volatility and fluctuation.

The price shows the asset fundamental strength and weakness.

[Robert Paulson]

gold has outperformed every other asset class except bitcoin for the last 14 years with the exception of 2013.

That's just because of the Gold bull market since 9/11, which has ended.

Compare it to something like Apple or Berkshire Hathaway stock since the 80s and it looks pretty weak in comparison. In general blue chip stocks massively outperform gold over the very long term.

the gold standard ended in 71 it took a while for the banks to redistribute purchasing power enough to ruin the economy.
stocks will not outperform money anymore, not as long as the paper fiat scheme continues and banks continue to prop up failed businesses, causing resources to be diverted from producing goods people actually want to buy.

[Octavius]

precious metals and crypto currencies are the only things in the world that can be money, simply because you can't easily create more of them

It's not absolutely comparable because in a cryptocurrency you can change the block reward with a hard fork. Many altcoins already had hard forks and the block reward was changed. It's more difficult with bitcoin but not impossible, so it's not comparable to precious metals.

[Robert Paulson]

precious metals and crypto currencies are the only things in the world that can be money, simply because you can't easily create more of them

It's not absolutely comparable because in a cryptocurrency you can change the block reward with a hard fork. Many altcoins already had hard forks and the block reward was changed. It's more difficult with bitcoin but not impossible, so it's not comparable to precious metals.

a hard fork is no longer bitcoin.
i can dilute gold coins with nickel too.

[yayayo]

gold has outperformed every other asset class except bitcoin for the last 14 years with the exception of 2013.

That's just because of the Gold bull market since 9/11, which has ended.

Compare it to something like Apple or Berkshire Hathaway stock since the 80s and it looks pretty weak in comparison. In general blue chip stocks massively outperform gold over the very long term.

There doesn't exist a "very long term" history for blue chip stocks. The argument that blue chips stocks outperform gold can be based only on about 40 years of history. That's the time when consumer loans became more and more available to artificially boost spending.

In contrast gold is used for centuries. It does not increase in value longterm, but it preserves its value perfectly. The gold bull market has not ended, it is just beginning. In fact it is not a gold bull market, it's a dollar bear market because of inflation by central banks.

But if Bitcoin succeeds it will outperform any investment on the planet until it reaches maximum adoption.

ya.ya.yo!

[InwardContour]

What is the fundamental?

As a crude oversimplification:

Fiat economony > $100 Trillion

Crypto economy < $10 Billion

Fiat economy = Doomed

Crypto economy = The future

Therefore:

Crypto = Real cheap right now

This assumption is simple but correct, the crypto economy is at its very beginning and it can only grow in the future.
Bitcoin can reach new highs in the future, but in the short term all can happen.

[Febo]

precious metals and crypto currencies are the only things in the world that can be money, simply because you can't easily create more of them and they store alot of purchasing power in a compact package.
banks printing fiat money and arbitrarily investing it are causing the misallocation of resources, shifting production resources from goods people really want to crap nobody needs.
their central planning experiment will destroy the fiat economy before the end of this decade.
jump off the titanic and get on the bitcoin life boat, its going to be rough...

There is time to buy and there is time to sell. Now all should sell. Will be good time to buy just in month time.

[Robert Paulson]

precious metals and crypto currencies are the only things in the world that can be money, simply because you can't easily create more of them and they store alot of purchasing power in a compact package.
banks printing fiat money and arbitrarily investing it are causing the misallocation of resources, shifting production resources from goods people really want to crap nobody needs.
their central planning experiment will destroy the fiat economy before the end of this decade.
jump off the titanic and get on the bitcoin life boat, its going to be rough...

There is time to buy and there is time to sell. Now all should sell. Will be good time to buy just in month time.

no one knows what will happen in a month.
but i can tell you what will happen in at most 6 years.

bad unprofitable companies (that would have never existed in the first place if it weren't for the massive money printing that has happened in the last 7 years), will start to fail.
this will cause the stock market to crash similar to 2000 and 2007.

this will cause the world's central banks to unleash an even bigger dose of money printing in an attempt to prop the markets back up.
which will cause massive price inflation and a loss of confidence in paper money, pushing hard assets like real estate, precious metals and bitcoin through the roof as everyone tries to sell bonds and fiat cash to buy real assets.

don't fool yourself, no paper money system has ever survived, none, they all failed.
this time is NOT different.