RE:MoonshotMaterialsMan wrote: It appears that bitcoin will probably break 40 k today. That's approaching a triple from this year's low.
In order for gold to keep up, it would have go to 5 or 6k.
Are there any fundamentals involved with the huge gains in the price of bitcoin or is it all about pure speculation. Does the greater fool theory apply or will bitcoin become king.
The plot thickens.
Looks like you were correct with the price of Bitcoin Materials Man! I actually have a bit of money in a crypto miner, Bitf. I've owned it since the last big run up in, I believe, 2021 when it almost hit $70,000. Needless to say, I've taken a sh!ticking since then because I bought that stock near it's all time high. I hope that with the price of Bitcoin crossing $40K US it'll produce a buying mania which will help me to recover my investment.
As it stands Karora is my largest position and I feel that we're grossly under valued just like most on this board do.
I dipped my toe into the crypto market for one simple reason, that being that the manipulators of gold were using it as an anti-gold instrument and I wanted to cover both sides.
I also think that crypto is a scam. It makes me wonder if one of Klaus Schwab's mantras, aside from "You vill eat ze bugs", mainly, "you vill own nothing and be happy", refers to Bitcoin (the nothing in that phrase).