** Bitcoin as a long-term store of value
Finally, billionaire investors are looking to Bitcoin as a long-term store of value. For example, billionaire hedge fund manager Stanley Druckenmiller now views Bitcoin as being similar to gold in this regard. In fact, he refers to Bitcoin as an upstart that could displace gold as the market leader.**
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Now I know better and again I know better.
BTW gold is not falling any longer. That drop stuff is over. Gold is something of a good bet again.
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If only that were true. What you should be saying before everyone of your posts is “Now I do not know any better and again I don’t know better.” Then I would believe you. 
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Remember the last two massive runups in BTC? We should be flying by now. The mania is dead.
You are barking up the wrong tree.
https://stockcharts.com/sc3/ui/?s=%24BTCUSD
The halving is long over. There is an oversupply.
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That is one way of looking at it or like the article states people are buying into it now because it has gone more main stream and it is easier to buy and possess. I know which one I have put my money on. But if you are so sure Leap why don’t you short it and in 6 months we will come back and see who was right.
Andy
who is still waiting on that recession.
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Shorting it is as fraught as investing in it. There is no way to know if it goes up or down; unlike a company (or the economy) there are no “tells” to help an investor know (as least so far as I have found.) Even the halving did not produce the same result this time as in the past.
You have about the same odds as choosing red or black at the roulette wheel.
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Yes going from $16,000 to $58,000 in 1.5 years wasn’t as good as I was hoping for but the year still isn’t over yet.
Well maybe I should go play roulette because I seem to be on a hot streak.
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About the only thing more dangerous than shorting is using leverage. If you invest in something your downside is limited - you can’t lose more than you invested. However, if you short something it is your upside that is limited, but your downside could easily exceed what you initially invested. So… telling someone “if you are so sure then just short something” is really disingenuous.
That is rather harsh BJ and I would say is beneath you.
You might not realize this but when shorting you do not have to ride anything out to the final conclusion. Some people actually jump off the train if it goes against them. At least the smart ones do. Now maybe some people do not realize this but when you are wrong, you do not have to stay wrong. Only the stubborn people keep riding the same old tired dogma. You know, we are going to crash, bitcoin is a ponzi scheme, all the same old tired cliche’s that have been proven incorrect.
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I do not know why you are waiting on a recession.
If are saying I predicted one was that last year or the year before? I have been saying any recession would be very shallow. We are still cruising in for a soft landing.
As far as betting on BTC? I leave that to the amateurs.
Andy think! if BTC is common currency…it has a commodity price.
It would make no difference.
Money easy come easy go.
I think that for many people, saying “just short it” is more a statement of “just find a way to bet against it” rather than to literally short it. Using options, you can choose any level of risk you are comfortable with to bet on something dropping. You can use spreads and literally select any level of risk on a directional bet.
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Tulips were a “store of value” for a short while.
intercst
You can use an ETF to short it. There are so many different ways to do it. People think of options and shorting as some mystical form of market manipulation when in reality it is just another tool in the bag. It would be like telling someone not to use a shovel because you might just dig to deep a hole.
Ahh finally, the very apt Tulip reference. Nobody ever heard of that one so glad it finally showed up.
So you think it is a common currency? What in the world would give you that idea? If it was a common currency you would not see the fluctuations that we are seeing in the asset price.
You are right and it explains the flat to down trend.
There are few… but one thing you want to keep an eye is, every time there is a breakthrough or a new use with blockchain, Bitcoin rallies. Some of them are plain useless speculation like NFT’s.
Folks joining us late, this is commonly know as, “Talking your own book”
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How many uses for blockchain are there? By this I mean actual applications, not just hypotheticals.
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