So I figure that during a time of hyper inflationary currencies, it would be best to compare bitcoin to a basket of stocks. Asset vs Asset. this is what we have as a chart when we do that. We can see it is down trending vs other assets. Even though it is going up in USD terms, we could argue everything is, including my bag of potatoes. I think bitcoin WAS the better investment in 2019-2020, but will not be for the medium term future. Once again, this does not mean it will not go up in terms of USD, only that it will lag in comparison to other assets.
This is apples and oranges comparison since btc has a more complex pattern of growth than the nasdaq. The former goes up and down in cycles while the nasdaq tend to go up linearly
ViniciusBaccelli
⋅
this is like comparing rockets with bicycles, even if BTC goes to 10k witch is very unlikely it is still winning that race.
MikeMM
⋅
@ViniciusBaccelli, how is bitcoin to 10k while all other assets moon a good thing for bitcoin?
ViniciusBaccelli
⋅
@MikeMM, it´s just part of BTC cycle, Brings liquidity to the table in the long run.
Tradersweekly
⋅
I agree. Thanks for sharing.
WorldEconomics
⋅
Never was. Bitcoin was the biggest speculative bubble ever. It leads the bear market in terms of percentage lost.
MikeMM
⋅
@WorldEconomics, bitcoin was the best preforming asset i can think of. if you didnt participate then you missed massive gainzzzz
WorldEconomics
⋅
@MikeMM, - Yes, that's how a bubble works. It also was the worst performing asset in a downturn. In March 2020, it eclipsed equities, gold, commodities in a collapse. There is no support. It's all speculation.
SDlektric
⋅
So what would you invest in instead?
WorldEconomics
⋅
@SDlektric, - Puts for the market and gold to protect your money.