GOLD/BTC for COMEX:GC1! by etfsandstuff

Gold to continue outperforming as it has since the 2017 top in BTC. If you want to own crypto buy ETH or XMR instead.

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BTC baghodlers would call this "FUD" ... i call it "REKT"

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Gold bottomed one day after the autumnal equinox. The full "harvest moon" is now in effect as well. Perfect time for a gold rally.

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Here is an interesting chart to ponder. I like to do a lot of ratio stuff/ intermarket analysis etc. From my research i cant deny that crypto has developed a correlation with precious metals recently. I attribute this relationship to money searching for a safe haven . Gold and BTC were completely uncorrelated during the runup from 2016 -2017. During 2019 the correlation became closer and BTC seemed to lead because of mania and uncertainty in the metals markets. After covid we clearly have metals leading and BTC following almost in lockstep. This is a chart of silver in purple over BTC. What is worth noting here on this chart is not the percentage gain but the technical relative position. Notice that silver took out nearly a decade of prior highs on that move while BTC took out 3 recent highs. My feeling now is we are heading into a different financial picture altogether... one with higher interest rates. I cant say whether the correlation will hold but my feeling is it will break as it did before because when the sh*t really hits the fan there really is only one safe haven asset you can trust, and 7 billion humans already trust. Gold. I do think there will be a great buying opportunity when BTC/GOLD ratio = 1:1 just as btc bull market started when the ratio passed 1:1 ... it will end when it goes below 1:1. Hope you found this analysis useful! :)

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Next shoe to drop is the tether investigation. Tether is the basis for the entire ponzi scheme and will bring down the house of cards once its exposed in federal court.
Unless the US govt is involved with this , its going to be a big deal.

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There is a long history of bitcoin bugs, including inflation bugs. No bugs in gold!

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Here a bug there a bug,... everywhere a bug. And BTC shills would have you think this thing is rock solid when these bugs are being covered up and kept secret .

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and they talk about leaving this crap for their kids... with yet another bug that will require a fork in 2106 because BTC will simply stop working ? It's obvious that those that have everything invested in BTC are the "greater fools".

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and of course, blockstream bugs... Adam Back is the biggest phoney BTC shill pumper of them all.

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NOT.ONE.BEAR

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...and BTC is our saviour, from CBDC, from negative interest rates, from inflationary currencies.... bwahahahahaha! And they actually believe that they are sitting on this trump card that essentially f'ks the governement? Like the govt is not already controlling BTC ? Man... we have truly reached peak idiocracy now, and they are all following people like this clown, the BTC koolaid saviour! lolol!!!

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from "cyberhornets" to "cockroaches" in less than a month ! bwahahahaha!

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"Few understand this" .... this statement is the epitomy of braindead ignorance in the BTC HODLer community. These 9-5 shmucks that really couldnt add 2 + 2 without a calculator have become "twitter mathemeticians" and have not only outsmarted the government but also the entire general public because they have cracked the secret to BTC riches. Now that is some extra funny sh/t !

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now that's what i like to see! Losers capitulating right when it's getting started. This guy is going to regret this decision in a few years.

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Selling cheap investments to get money to buy expensive ones is the biggest loser mistake ever. How do i know? I was there myself about 20 years ago, the difference is i didnt advertise my stupidity to the world on twitter !

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Sold all my cryptos for silver today.

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Here is yet another one of the main reasons why BTC is garbage. I fully support non spy coins like XMR, but BTC is pure trash.

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