So #Bitcoin pukes 20% on the back of this market drama, while #gold is up and trending towards it's all-time high, get ready for precious metals promotors to dance on Bitcoins grave, trading like a risk asset.

Data from #CoinGlass shows over $1.05 billion in leveraged BTC positions were wiped out in the last 24 hours

https://www.investing.com/news/commodities-news/morning-bid-stocks-reel-on-rword-return-nikkei-dives-12-3554135

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Let them dance. When the dust is settled, #Bitcoin will piss on their parade

Lol i'm here for the big swings, if I had wealth to preserve I guess gold would look better, but I need preservation and growth, and every chance my modest 3rd world salary can get me more Bitcoin, i am happy

buy

Schiff was already at it on X half dozen hours ago..

gold is 1,000 times older than #Bitcoin and is naturally less volatile and that lack of volatility works both ways.

For sure and 15x bigger, so it takes a lot more capital to move gold, if Bitcoin ever reaches that size we're at 500k a coin, Bitcoin is still a tiny market relative to gold

gold has a market cap right around 10 times Bitcoin so actually 500k Bitcoin is about equal to gold

Taking the long view, gold hasn’t done much better than other investable assets.