3D·

Just for the sake of classification

BTC vs Gold...

To be fair, anyone who bought after 2021 $BTC (+0.57%) would have done better with gold.

Which will do better over the next 10 years... who knows, I just have both. 😘

Wolfgang

@goebi22

3D·

A BTC investment that falls to its knees when stocks also fall to their knees is pointless

$BTC (+0.57%)

It is currently becoming clear why Bitcoin is not an investment but a casino.

While my 40% gold, 60% broadly diversified equities portfolio is still in the black, BTC is falling to its knees just like equities. Why do I need such an "investment" that correlates with shares and consists of digital nothing for the darknet in my portfolio?

15 Comments

Alpalaka@Alpalaka

Anyone who got into gold unfavorably in 2013 was only back in the black in 2019

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Patrick Schäfer@Hotte1909

@Alpalaka But you can find such examples everywhere and they are not very meaningful. Anyone who invested in a World in 2000 would not have been back in the black until 2010.
Anyone who bought telecom shares in 2000 is still in the red today (with a lot of luck, perhaps in the black due to the dividend)
Anyone who was unfortunate enough to buy bitcoin in 2017 also needed until 2021 to be back in the black.

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Alpalaka@Alpalaka

@Hotte1909 That's why I mentioned it :)
You can be in the red with any asset, as you wrote, if you choose the wrong entry point

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Patrick Schäfer@Hotte1909

@Alpalaka That's why savings plans make sense 😉 In every scenario I mentioned, you would be in the black with a savings plan

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TotallyLost@TotallyLost

@Alpalaka I can top that, if you had bought the top in gold in January 1980 you would only have been at +/- 0 in January 2008. But only in nominal terms, adjusted for inflation you would have lost more than 80% in a period of 28 years, which is almost an entire investor's lifetime.

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Cro@Cro

That's not quite right. All those who bought BTC in November 2022 at a low of around €15,800 to €16,500 are doing very well 😉

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Epi@Epi

Hence the Epi portfolio:
60% world AG, 20% gold, 20% BTC. 👍

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Vincent@VincP3

@Epi Thanks to you, I became aware of the Gold 3x, although I believe that there is still air in the way the world looks politically right now, but shopping at ath still feels wrong 😅

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Epi@Epi

@VincP3 Buying at the ATH is always strange, but statistically has very good success rates.
Tip: don't forget to set exit criteria 😉

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Vincent@VincP3

@Epi I've been thinking about buying more if things go down a bit in the next few weeks to fill the position. Are you long in 3x or would normal $EWG2 be worthwhile in the long term?

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Epi@Epi

@VincP3 It depends on what you want and what your strategies are. 1/3 of my portfolio has been in gold since 2018. Tax-free and relaxed 15%pa.👌But I'll start getting out in 2026. Then the current cycle should be over. My price target is at least 4500$.

I have held 3xGold for months as part of my 3xGTAA strategy. As soon as the medium-term momentum is gone, I will sell. But as long as I hold 3xGTAA, this ETF will play an essential role.

If there is good momentum in gold, you can also make a gamble with 3xGold, but the exit criteria should be determined beforehand. Otherwise it will go down the drain faster than you can say MAGA. 👍

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C.S.@sobrius

@VincP3 Thanks also to Epi for the tip with the gold three-way. 🙏 I'm really enjoying it at the moment with all the Trump red in the portfolio. You have to put up with the fact that it can go into the cellar at times.

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Epi@Epi

@sobrius Your risk, your reward. 🤷

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K@TechNav

Just to classify: one has existed for thousands of years and is actively traded, the other is fairy tale stuff that crypto bros believe in because they dream of making a quick buck.

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TotallyLost@TotallyLost

@TechNav Yes, of course you're right and 99.X % of all cryptos are also complete nonsense.
I myself have now also sold 2/3 of my BTC and shifted into shares.

But gold, BTC and cash are based on the same logic.
It is worth something because people believe it is worth something.
In itself, cash is meaningless and only a medium of exchange - you can't do anything with the bill itself.

It's the same with BTC.

And with gold to a large extent.
If gold were to trade at the price of purely industrial demand, we would probably be >80% lower.

For me, this is all on shaky ground.

In the end, only goods, resources and means of production have intrinsic value.

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