Australia's largest stock trading and investment forum Australia's #1 stock forum

SILVER

0.30%

$15.25 silver futures

The biggest short squeeze in the world?, page-2967

First 2967 Last

Share
Profile

Follow
eztrang

4,081 Posts.

280

05/09/21

20:27

Post #: 55847181
Share

Originally posted by goldbear77: ↑

welcome

imo Btc and crypto’s are posed as alt gold but are actually tech stocks

hence Btc/ tsla chart similarity

the reason I say that is the whole network effect argument boils down to more users = more smart contracts = more crypto mined = higher prices for crypto that sees greatest adoption

thats the entire argument for eth to overtake btc - that btc’s mining limit reduces its price outcomes

that’s the opposite of non diluting store of value like gold/ and to a lesser extent silver

so my own view is crypto will mirror nasdaq directionally

overview wise I expect a blow off top move for most risk assets in next few months - then the stock indexes to go into a long bear mkt while gold/silver go much higher again after the sharpest initial equity falls occur

Btc is the one possible exception re crypto’s being a reliable long term store of value imo - but intrinsically Btc is interchangeable with all other crypto and none have any intrinsic value - so that’s when the whole asset class thesis will be tested
on
my view is wall st marched first gold up then crypto up now will focus more on gold again - that I think was why crypto had a double pump - they are compressing a lot of price into short time using options to drive price

Expand

"the whole network effect argument boils down to more users = more smart contracts = more crypto mined = higher prices for crypto that sees greatest adoption"

I think it's a lot simpler than that.
More users => more demand => higher prices
Upvote

0 Great analysis

Reply

Top Stories

CTT

Cettire shares jump on FY24 revenue growth up 80% vs pcp – but stock still badly bruised

LRL

Labyrinth shares rocket by 219% on news of Comet Vale and Vivien gold project acquisitions

AI stocks: What to expect in 2024-25

NWC

New World Resources inks complete PFS for Antler Copper Project in Arizona, USA

ATH

Trial for Alterity's neurodegenerative drug ATH434 shows reduced disability