I believe you meant to say Bitcoin is a "risk on" asset, given that you think it'll trade lower with the broad market. The idea of "risk on" and "risk off" is something made up by traders, who on average underperform the S&P 500. The S&P 500 has not reached a new all time high in gold terms since 2000.
Bitcoin is an asset you want to HODL, if you want to protect against any of the following risks: confiscation, debanking, capital controls, or currency debasement.
If you want to trade, you're better off holding the S&P 500. If you want to hold the S&P 500, you're better off holding gold. If you want to hold gold, you're better off holding Bitcoin.
So its ok to hold BTC even though its RISK ON?
Depends on the type of risk you're concerned about and your time preference.
If you have a high time preference and you're more concerned with short term price fluctuations, you may want to hold cash or gold.
You may want to HODL Bitcoin if you have a low time preference and you're more concerned about confiscation, debanking, capital controls, or currency debasement.
It depends on your own personal risk assessment and also how much you can afford to lose. Jack Mallers and Michael Saylor for example, have enough Bitcoin that they can handle an 80% drawdown.
I will just stack sats and stay humble.
It genuinely astonishes me, the ignorance of some peopleππ. I posted a note a few days ago. "There are some proper thick cunts on this platform....."
It genuinely astonishes me that "some people" nostr:nprofile1qqsrkjrcy5c8290xmyphzzhj8r6j2eklzqzu0laea93evhmveshlhzsppemhxue69uhkummn9ekx7mp0qywhwumn8ghj7mn0wd68ytnzd96xxmmfdejhytnnda3kjctv9ucr8955 can't refute a single point and immediately resort to name calling, when faced with a logical argument. π€‘
BTC is a RISK OFF asset.
If the stock market shits the bed, BTC will too. Gold, on the other hand (And I'm no gold bug) is a RISK ON asset. The "Market" knows that things are going to shit, hence, the HUGE appreciation in the price of gold over the past 12+ months.
Does that clarify things or are you really 21IQ as your profile suggestsπ€. That's my last word on it anyway, Warren, you clearly know betterπ₯³.
"Risk-off refers to a market sentiment where investors are cautious and prefer to avoid risky assets, typically during times of economic uncertainty or negative news. In this environment, capital is often shifted towards safer investments like government bonds or gold." - Investopedia
In other words, you had it backwards the whole time. sToCKS are "risk oN" GoLD is "risk oFF. " I tried to correct you, but you were too much of a "thick cunt" (not sure why that's an insult, unless you're gay) to understand that.
And yes, you just got schooled by a 21iQ retard. π€‘ππ€£
That's precisely what I've just said, you fool.
You said "Gold, on the other hand (And I'm no gold bug) is a RISK ON asset."
"Risk on assets" are assets you hold when you are "risk on," meaning you want to take risk. Gold is not a "risk on asset." Stocks are.
"Risk off assets" are assets you hold when you are "risk off, " meaning you don't want to take risk. Typically bonds and gold.
If it still doesn't make sense to you, you need the type of professional help that I can't provide. π€‘π€£
