I do see that the illusion of long term strength may hold for a while.
My view has of course been wrong because I do not believe in buying things that have no intrinsic value.
I prefer gold because it has been around for over 6000 years.
I can imagine a situation where in a conflict ,lets not say war...you could go to a shop and buy a loaf of bread with a Vreneli (you might not get change...)
But cannot imagine you would be able to pay with bitcoin.
So for me trading it is futile.
I cannot short it because the market is rigged,I cannot buy it because the market is rigged.
I have studied most of the big bubbles and scams from South Sea Bubble to Tulips.
This is not something I want to own.
And don't compare bitcoin to tulip bubble, it just shows how little you now about bitcoin bubble.
Did not experience the Tulip bubble despite being probably older than you...hope your humour is good enough to get that.
Maybe try reading the madness of crowds or Kindleberger.
I do not try to tell you what you may or may not know.
I express opinions as dispassionately as I can in order to get it right.
If you are emotionally tied to bitcoin then thats ok with me but I am not.
so be calm and make as much as you can while the going is good.
Boomer alert XDXDXD
It's hard to trust anything to be honest...im 34 and I don't really trust any monetary systems because...well...humans are greedy. Ill ride the waves though and hopefully build a ship before I get run over by one.
Maybee we'll go Mad Maxx and trade water. Hopefully not Waterworld though.
Am long energy over IXC and other vehicles and long GSG somewhat larger.
One position in one "asset" is like betting on a number in roulette,key is to diversify in my humble view.
Also buying Land securties and British land in Uk.
and other real assets.