3Lun·

In this picture you can clearly see that during the missile attack by Iran🇮🇷 on Israel🇮🇱 yesterday, investors got out of $BTC (-1,3 %) out and in $965515 (+0,3 %) are in.


Bitcoin is therefore still a long way from being perceived by investors as a "safe haven"...

Blackrock and co. will have to do a better job of promoting it🤪

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42 Comentarios

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Your shitcoin just can't hold a candle to gold
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@Alpalaka If you hold water for gold, it goes under 👍
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@Alpalaka Gerd is absolutely right...
What do you do with your gold when a meteorite falls to earth?
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@Alpalaka 😂😂😂 shitcoin 😂😂😂
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@stefan_21 to answer the question for @Alpalaka:
Probably die, like everyone else.
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@Der_Dividenden_Monteur and what use is the gold then?

I was joking, by the way, in case you didn't understand. I keep reading comments like that when it comes to Bitcoin geht🤷‍♂️
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@stefan_21 i already understood that as a joke :)
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@Alpalaka bitcoin's inflation rate has been below that of gold since april and its market capitalization will one day be higher
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I still think it's great! So I'm always able to get back into the prices. Things are currently looking pretty bad for potential gold buyers ....
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To derive such global statements from one day's price movements is quite daring.

Gold also fell on the day of the 0.5% interest rate cut, although it should have risen. It did in the days that followed. So...?
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@Epi the statement that Bitcoin is not yet perceived as a "safe haven" is not only due to yesterday's price behavior :)
Of course I agree with you that nothing can be deduced from one day.
The fact that Bitcoin tends to be sold off more strongly during such events, especially when the exchanges are closed, has been observed for some time now
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@stefan_21 I think it depends a lot on what this safe haven consists of. What is it supposed to protect against? I think that if it is the long-term devaluation of monetary values, then BTC can be seen as a safe haven that works.
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@Epi Yes, in events like yesterday, people move out of "risk-on assets" and into "safe havens" such as defensive equities, bonds and gold. Initially, however, everything usually falls. When people panic, they sell their assets and go for cash. At least that's how I would interpret it :)
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@stefan_21 Yes, that's how it is when there is a liquidity bottleneck. Then everything has to go. But that happens very rarely and then the shit hits the fan. Yesterday was a relatively manageable and normal risk-off move. Gold, bonds and defensive stocks did well. When the situation calms down a little, prices fall back quickly, see emerging markets, for example.
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Bitcoin is not a geopolitical hedge
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@HennRes *not yet😁
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@stefan_21 Unfortunately, I still need some convincing 😉
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@HennRes we can do it🤝
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I mean I'm happy because I have gold, but in my opinion nobody really understands the volatility. Actually, because of something down there, going out of one to go into the other, which is also more ATH right now... I don't know. I would understand if they ran out of direct companies that are located down there, but everything else is pointless banter. Besides, I don't put too much stock in the fact that it really has something to do with the attack there.
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@Madhatter5566 Well, people are always driven by fear and greed. When there is fear of war, people run to the supposedly safe asset of gold.
The market has reacted directly to the rocket attack. Theoretically, it could also spread into a larger war
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@stefan_21 I still can't understand how you can sell Bitcoin and then buy more gold, which is quite high at the moment. Shouldn't the fear be that the stock markets will crash and Bitcoin will then be the safe haven?
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@Madhatter5566 I don't think it matters how the assets are currently valued, but I understand what you mean.
I think it's just about the fact that people feel more comfortable with the crisis currency gold when there is a risk of war than with modern "magic internet money"
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At the end of the day, it was only the MMs who liquidated longs. The event came at just the right time.
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@M2306Y You will probably be right about that
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Doesn't bother me. It's just an event that depresses the price in the short term, but fortunately has nothing directly to do with Bitcoin. An event in the cryptospace like a stock market bankruptcy would have been worse. But although the value of bitcoin as an investment has fallen, it is still in the same position as before the small dump.
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@shzzL absolutely. If that bothers you, you shouldn't invest :D
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I always hear that Bitcoin is the safe currency.
And now everyone is going out.
How should I understand this?
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@Tenbagger2024 Not everyone is going out, of course :D was a narrow 6% dip in the low.
Basically, people always want to get out of risk-on assets and into safe havens when geopolitical events like this occur. This simply showed me once again that Bitcoin is not yet perceived by the general public as a safe haven, but as a risk asset. In my opinion, Bitcoin should be a lot higher and volatility should decrease a little.
Let's see what happens in a few years' time :)
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But shouldn't I actually give back the Bitcoin that I own? Because Bitcoin is limited, so it's a scarce commodity.
And with a scarce good, at some point demand should be greater than supply and therefore the price should rise.
Or am I clueless here and seeing this completely wrong?
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I have to admit that I have not yet dealt with the topic of Bitcoin and its development and find myself in the valley of the clueless.
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@Tenbagger2024 You're absolutely right. And that is precisely what the general public does not yet understand.
Whenever you are better informed than the general public, you can make the most profit.
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@stefan_21
You are my tutor 😘🌹
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@Tenbagger2024
What is a stablecoin, can you invest in it, have you already reported on it?
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@Tenbagger2024 Stablecoins represent the value of a fiat currency. See e.g. $USDT
This is a private company that buys large quantities of American government bonds, for example, and covers its token 1:1 with dollars.
Of course, you have to trust the company, because if the cover is not there in the end, the token implodes. This has already happened countless times.
The big advantage, however, is that you can send and receive the token without a bank. People in highly inflationary countries such as Argentina or Venezuela can use US dollar stablecoins and save their money in them, for example :)
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@stefan_21
The story of Strubelpeter (Sam Bankman-Fried) is still holding me back from investing.

I also don't really understand the crypto world. Because Bitcoin is somehow nothing that I can see and hold in my hand.
A company is real and I can hold its products in my hand, which is why I invest in shares.
I can also touch and see gold.

But Bitcoin, unfortunately, I still don't understand.
And I don't know where this Bitcoin actually is.
How should I interpret coins.
Am I not somehow just buying air🙈

Buffet always says don't invest in something you don't understand.

I have to understand it first my dear.
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And Changpeng has only just got out of prison. That doesn't make the image of crypto any better.
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@Tenbagger2024 First of all: SBF is a scammer. He has also always badmouthed Bitcoin in order to sell his FTX token.

It is extremely important that you differentiate between Bitcoin and crypto. It always gives the impression that Bitcoin is one of many cryptocurrencies - instead, Bitcoin and altcoins are actually different asset classes.

There is no company behind Bitcoin, no CEO, no central decision-makers, no people who want to get rich, no marketing department, etc.

Because you don't know where this Bitcoin is:
Bitcoin is pure information. With Bitcoin, the information is the asset and that's so hard to understand.
If I have an idea and share it with you, then we both have the idea. If I have a coin and I give it to you, you have the coin and I no longer have it.

And this is exactly the problem that Bitcoin has solved. Bitcoin creates absolute digital scarcity.
I just remembered a certain lecture that might help you understand this better:
https://youtu.be/2bOpQUWywgs?si=Vic539jDymNYrRNX

Feel free to watch it, it doesn't take too long, but it's really great from dear Niko Jilch :)
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Which website do you use for the charts?
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@Iwanowitsch the chart is from the Bloomberg Terminal - I stole it from X :)
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@stefan_21 I use Trading View and Der Aktionär but am still looking for something "better" :)
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@Iwanowitsch yes, I also use tradingview :) the shareholder is absolutely terrible in my eyes😅
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Gold and Bitcoin must both be in the portfolio.
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