The retail hype that Bitcoin has experienced in recent cycles has obviously been reflected in gold and silver in this cycle. I didn't have that on my radar either😂 So it's not surprising that gold and silver would correct more sharply and the leverage and speculators would be flushed out of the market.
The silver chart in particular looks like a shitcoin rug pull🤣
I'm curious to see how things will continue and whether there will also be a small rotation in Bitcoin😅
The silver chart in particular looks like a shitcoin rug pull🤣
I'm curious to see how things will continue and whether there will also be a small rotation in Bitcoin😅
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@stefan_21 I see the retail hype in a similar way. The difference for me is that Bitcoin always survives these phases and emerges stronger. With gold and silver, the leverage circus is new, with Bitcoin it's more part of the game.
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•@KoenigsRasse Gold and silver will also inevitably recover. That's the nature of hard money, which is measured in fiat :D
However, the cycles for gold and silver have always been much longer (~10 years). So if that really was the top, it could now be a few years more boring again :)
However, the cycles for gold and silver have always been much longer (~10 years). So if that really was the top, it could now be a few years more boring again :)
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•@stefan_21 With Trump on board, the gold price can reach a new high every day, unfortunately.
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•@wealth_builder_568 and be sold again😆
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@stefan_21 I take a relaxed view of the whole thing, my gold position (physical and ETC) is around 5% of my portfolio! But this extreme up and down in precious metals is actually new! Who knows, Trump might make gold and silver the new Bitcoin in terms of volatility 😂
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