meanwhile BND down 12% ytd, VOO down 20%, QQQ 30%, NVDA near 50%..... when shtf all correlation goes to 1
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the price is the price, ive said it before, only buy long term, just like anything else.
it goes to zero or it goes up. a buyer should be fine with either scenario. all bitcoin has to do is survive. and meanwhile, fundamentals of what bitcoin is are still just fine. fixed supply, blocks every 10 minutes, permissionless, censorship resistant transactionsComment
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There is no fair price, since it has no earnings. It's a highly volatile & speculative store of value. The current price is based on macro conditions, sentiment, and narrative, that's it.
The most important thing is risk management, so IF you wanted to hold it for the long term, nothing more than 1-5% of portfolio. So if it fails, it doesn't change your long term financial plans.
Also important to rebalance quarterly, so you sell during bubbles, and buy during capitulation bear markets.Comment
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If you dont know what are fair price is, how can you determine if it is a good investment ?
It does not work well as a store of value, because as far as I can see , it does not store value well. Unless you consider a 13% decline in the value in 1 day a good store of value.👍 1Comment
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If you dont know what are fair price is, how can you determine if it is a good investment ?
It does not work well as a store of value, because as far as I can see , it does not store value well. Unless you consider a 13% decline in the value in 1 day a good store of value.👍 1Comment
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now the US defends the USD reserve status with violence bc we have to, after abandoning the gold standard and making a deal with the middle east to price their oil in dollars which is why we turn a blind eye to the atrocities committed by some of those people
btc is protected by cryptography so it doesn't need to be defended by violenceComment
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