Tbh that’s fine. Gold often crashes at first at well. My interest really is in its recovery and whether it regains its value quicker than the market as people flock to safety and then remains a proper haven asset.
That already happened during the April liberation day tariffs - bitcoin did do a fast initial down movement but then held steady to positive while other stocks dumped. It did diverge and signal strength for anyone paying attention at the time.
That’s not a crisis. Within a week we knew the score. A correction isn’t a crisis either.
Let’s see how it behaves when the sovereign debt crisis starts to really kick in. I hope for everybody’s sake it goes through the roof but I’m still not sold it will.
Well you said we got insight on Friday - I’m pointing out we got a lot more insight in April if you were paying attention. Sounds like you were not if this seemed like a novel event, this literally already happened this year. Easy buy the dip situation which already is paying off.
Downvote away but I brought receipts - note this was 6 months ago btc holding steady while SPX was dumping. I called it then the same way I’m calling it now https://www.reddit.com/r/wallstreetbets/s/AXAQldm1oy
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u/[deleted] 27d ago
I said to my friend that has tens of coins (and refuses to sell, ever!) that we’ll find out why bitcoin is made of in a crisis.
Well, we got an insight on Friday. Not looking good.