K92 Mining Inc T.KNT

Bitcoin, Gold, and Silver…

[ErinBrockovich]

Bitcoin making big moves over the weekend. Touched on 80 000, now hovering just below that. Many other coins following. Yup, I have some crypto, but much more silver and gold.

Is bitcoin leading or lagging gold this time. Tea leaves make it hard to say. But I think bitcoin is showing gold the way, which is up. Bitcoin is more volatile than gold is all. Gold is conservative. Bitcoin is dangerousness personified. Long term bitcoin and gold are hedges against the USD.

Some say that silver and bitcoin have a higher correlation. In that case one can expect silver to go up over the next couple of days. My own research suggests this is often true.

Fascinating reading.

#silver #gold #crypto

https://www.businesstoday.in/technology/news/story/bitcoin-nears-80000-in-weekend-surge-after-donald-trumps-return-to-the-white-house-453213-2024-11-10

https://money.com/gold-vs-bitcoin/

https://blogs.cfainstitute.org/investor/2022/11/16/how-do-cryptocurrencies-correlate-with-traditional-asset-classes/#:~:text=Silver%20has%20the%20highest%20correlation,correlation%20with%20the%20precious%20metal.

https://cointelegraph.com/news/bitcoin-assets-most-correlated-assets-today

https://nai500.com/blog/coverage/could-silver-surpassed-by-bitcoin-in-market-cap-become-the-catalyst-driving-price-up/

[amishelvis]

I would think that the people in charge of central banks feel a little less safe around the world. They move slowly , but i think they might start bidding on gold again. That's without any actual escalation of tesions or actual wars. It's just that there is a lot more potential for chaos world wide. I'm talking about US now leaving NATO,,and not helping  Ukraine. etc etc.

[tuesdaynightrid]

I never discuss Bitcoin despite it being my largest holding from early 2020 when it became obvious that the government was going to rescue the economy with trillions in spending. Bitcoin is my only 10 bagger ever. However, i don't discuss it since I see it as a longterm insurance holding only due to volatility. I advise buying it only if you have a longterm perspective. I do believe that

[cyber37]

Nobody is leaving NATO just yet & gold is still a save heaven in times of uncertainty. All major national banks are building gold reserves or topping up what they already hold; Bitcoin IMHO is still a gimmick.   One may argue that this slide in gold price was necessary especially when Trump started to talk tough to that gangster in russia named Putin. Well, it is about time that someone

[mrbb]

gold had a nice long runnup and looking for a reason to sell off trump didn't mention gold while cryptos got mentioned hence the sell off in gold to chase cryptos when trump won election. Tariff is inflationary. In 2016, gold went up after trump won.

[Chatzkal]

Strenth of the us dollar is whats impacting  gold. 

[cyber37]

KNT is still on a slide in light of competition from crypto….& US $$$$. The US president elect voiced his opinion about revising financial system in US AND he mentioned crypto currency favorably. Guess what, Trumps’ son recently decline position in White House & became a partner in investment company that has MAJOR asset allocation in…..bitcoin just as Mr. Musk is big on this coin. At risk

[tuesdaynightrid]

Cyber, The US election is over and most here are not US citizens or US centric.To the benefit of this board, there has been little focus on politics over the last several months... except for you. You are obviously disappointed... it's time to move on! For the record, if you're paying attention, gold is moving up in every currency is because each and every major country (US, China

[Chatzkal]

Why not wait for earnings report tomorrow..  

[cyber37]

Well, looks like ….the fact that politics forms climate for economy may be news to some people here but I strongly believe this to be a fact. Yes, I’m disappointed at lack of decisive action to end this russian aggression that affects the entire world; even my coffee is more expansive now. My point here is that politics is an essential part of economic prosperity or its downfall. Gold is moving up