Loading ...Back in 1999 how many people were investing in gold be physical or stocks. All the way to gold $ 2000 you’d hear people telling you equities are the way to go. I bet some got jealous though when it did go including sliver.
One thing was right is that it’s heavily manipulated.
Just like PMs Bitcoin is heavily volatile. But what you gotta think is just like gold stocks or physical if you sell it what are you gonna trade it for?
I think he’s right about the emotional level but personally I can speculate that Bitcoin will still be volatile but in demand until there is no more to buy. At that point you can only get them on loan and people might then or even before them start looking at cheaper forms as long as they can trade tangibles with them.
Kinda like when the major pm producers get high people move to the juniors next then the micro pennys some not even producing on sentiment, and after that cycle it’s rinse repeat.
Even if gold gets to 5000 or beyond the same question might come to mind. If you sell it what are you gonna trade it for? Some cheap made in China fad that will fall apart in short order? A new gaming set that will be old news come next year?
Some might sell sensing a top wait to but back others won’t by back others sell to late some will never sell less some life and death decision.
I agree it’s not wise to put all your money in one basket no matter how bullish or certain you are. You can be right and still get hurt.
Mr Copper
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