How's it going guys. This is for the newer traders coming into this space. This strategy can go 100 different ways, but I'll try to keep it simple. This is one of our swing trading investment strategies to protect ourselves from harsh retracements. We want to preserve as much USD possible. As you can see in the simple charts of Gold/USD and Bitcoin/USD, Bitcoin's price volatility is obviously greater than Gold. When Bitcoin rallies over 20 - 30%, it would be a good, probable decision to hedge into Gold or any other stable investments with your BTCUSD, based on historical price patterns. We don't know where Bitcoin's price is going to be in the future, nothing is certain in crypto, but based on historical data, in a broad picture, BTC has gone parabolic, and gaining mainstream attention rapidly. We could speculate institutional money leaving when BTC's price went from 20k to 10k in a matter of days, but we don't know that for sure. Crypto is still new, insane and volatile. Bitcoin is up over 30% since New Year's, why not throw a little into Gold? I'm bullish on both XAU, and BTC, but BTC's retracements are definitely more harsh compared to XAU. This is just a strategy I'm personally using. I'm not all-in, and out on this strategy. Do not blindly take my advice, and go all in. consult with other people who are experienced in the the markets, research, and make your own judgement. Good luck to your investments!
have you watched the mike maloney videos. i agree with you on this. where are you investing in gold , on a regular exchange ? and you don't have it with you, its still just on the computer. how do you know that they actually hold it when you buy it like this? i was told it should be gold you obtain and keep yourself. where i'm not sure. a safe i guess? what do you think? would love to hear more on what you do with this as i totally agree you are right.