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How does one buy ETH thru a ROTH?
Trivia question: What asset is this?
Is this what everyone is waiting for ? ⬆️
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During periods of crisis, correlation between asset classes tends to increase
Ah! They all become birds of the same feather. :(
It’s a non correlated asset, which doesn’t imply strong negative correlation (ie btc up when markets are down and vice versa).
Disappointing.
Seems to be more of a capital flight instrument. Complimentary to gold in certain instances. There’s economic environments when it doesn’t make sense to have a outsized good allocation too.
Still, it's hard to know how much of the sell off has to do with market structure. Treasuries are down, too — not because it turns out they're not a safe haven, but because a dollar liquidity crunch affects everything that quotes against dollars.
Chief
The Fed had 10 years to raise rates amigo. This is what happens when you don’t. Your BTC investment can mean a lot of things, in many cases it’s a put option against the Fed.
This was in Barron’s yesterday: “”Bitcoin however, is not a safe haven against declining profits,” he wrote. “It’s a safe haven against inflation, geopolitical strife, and central banks.”
Bitcoin Isn’t Much of a Haven Asset Right Now. Here’s Why. https://www.barrons.com/articles/bitcoin-haven-stock-markets-cryptocurrency-51582744194?emailToken=f728a1dcf54b26eb9f7eae9eb1b2ef431obzavxaRDA8OQSnEZJzWdfqo4cii0lt6lf78C6nEVY42Ll6CntAXAZiwjwvhNohfsZoIf1F9wNn4nTM3YC0UjtegnkAoJKlPc2Ncn1jCL4%3D
LOL. This week I put some into gold as I did back in 2008. But in reality you normally need to just ride these out and sustain any planned automated investments.
Part of the reason the stock market selloff is now in correction territory is many assets were implausibly overvalued to begin with.
Pro
Are you serious? How much BTC do you own? I’ll buy it for a 5% discount.
But that all said relative to thr beginning of the year, one would be in a much better position holding btc vs stocks...so I guess can't complain?
Pro
What did you expect? 100k by the halvening?