Bitcoin-gold
An investor's perspective of Bitcoin v/s Gold
I am trying to answer questions of #bitcoins v/s #Gold debate from an #investor perspective. What if #Gold was currency used to buy #Bitcoin ? What will be the impact of a #Fifty50 #portfolio of #BTCXAU?
Feel free to #retwit #Like #share & #follow
#TradingView to the rescue. The #chartidea shows #BTCUSD represented in #XAUUSD terms. Allow me to "coin" the word #BTCXAU
To start with, some facts and important points on timeline
The chart shows this ratio in daily timeframe. On September 15, 2017 #BTCXAU made the first major break out from 2.50 oz of gold per bitcoin. After peaking on December 17, 2017 the ratio crashed back to 2.50 oz.
With intermediate peak in June/July 2019 at ~9.50 oz, it collapsed again to 2.50 oz. Eventually the big bitcoin moment came on March 13, 2020. #COVID19 brought #CryptoMarket rally which brought #BTCXAU to above 37 oz on April 14, 2021.
Putting this in perspective. If you invested in #BTC directly using your #USDollar you would have paid $5600 on March 13, 2020 v/s 3.68 oz of #Gold and if sold at the peak on April 14, 2021, you would have got $62,986 v/s 36.27 oz of #Gold.
That means, in #USD terms, you would have made 11.25 times your money and in #Gold terms, you would have made 9.86 times your money. So the #Delta of 14% represents the growth in #Gold.
Of course, if you were smart, informed and/or lucky enough to pick the bottom and top, #Bitcoin beat #Gold hands down.
However, the real fun started from the #Bitcoin #AllTimeHigh on November 10, 2021 at $69,000 which translated to 37.41 oz of #Gold.
As of today, June 6, 2022, #BTCUSD touched low of $20,079 or 11.11 oz of #Gold. So from that #ATH, it has dropped -71% in #Dollar terms but also -70% in #glitter terms, interestingly removing the delta it showed while going up.
So if you created a #Fifty50 portfolio of 1 #BTCUSD and 3.56 #XAUUSD on March 13, 2020 and sold off both on November 10, 2021, you would have made 562% return on the portfolio v/s 1113% in #BTCUSD alone or 22.89% in #XAUUSD alone.
Interestingly, if you invested in the same portfolio at the peak on November 10, 2021, today you will be -66% on #BTC alone v/s -33% on a combined portfolio v/s -1.5% on #XAUUSD #Gold alone
The lessons I take from this are very simple
#BTC likens growth stock providing high beta return and #Gold likens value stock providing store of value
I should be invested in both in varying proportions based on risk sentiment and market conditions
I should ignore all those promoting #Crypto as #digitalgold because #BTC is definitely not store of value
I should equally ignore all those promoting #Gold as ultimate investment / store of value etc etc because I wouldn't be making any money on that
Nothing can beat the classical portfolio investing thinking of a balanced portfolio with nice averaging
Rebalance your portfolio every quarter or month based on the market conditions
Trade, speculate, gamble but never invest in 2nd rated instruments in the given space like #altcoins in #CryptoSpace
I can never go broke taking profits. I only go broke for #Hodling. So never hesitate to sell to book profits or stopping further losses.
Bitcoin Gold `` RR/4.8xLooking forward to price bouncing from trendline.
If it however breaks it, set-up will/should be reviewed.
ETHEREUM 3D TA: in the channelWell, in the 3D time frame, as we see in the chart, the price is on the descending channel, which is now approaching the channel ceiling, and if this important range is broken up. So now we expect to fall after this area, and when this channel is broken, the analysis will be updated.
Its not Buy or Sell SIGNAL
DYOR
BY : M.TeriZ - @AtonicShark
DOGEUSDT Can Bullish again?I specified the possible scenarios according to the trend line and support points. If the support range of the trend line and static price support is lost, a falling trend will be formed and we will have a valley lower than the previous one.
Its not Buy or Sell SIGNAL
DYOR
BY : Mohamad Teriz - @AtonicShark
ETCUSDT 1H TA; Resistance Zones According to the chart, in the one-hour time frame, we see the reaction on the trend line, which has caused the price to rise to the resistance ranges. I specified the resistance areas in the chart, and if the trend line breaks below $30, the analysis will be updated.
Its not Buy or Sell SIGNAL
DYOR
BY : Mohamad Teriz - @AtonicShark
ETHEREUM New Support; 6HAccording to the previous analysis, Ethereum broke the resistance range of $1,450 again with the pump, and now it is forming a pullback from the broken resistance, which is suitable for entry if the pullback is completed, otherwise, if it loses the trend line and support of the price stake It will be corrected.
Its not Buy or Sell SIGNAL
DYOR
BY : Mohamad Teriz - @AtonicShark
AVAUSDT 6H TA: Can Pump Again?Due to the chart, after reaching the support range, pump 80% avausdt, candle has reached the resistance area again, if the range is broken, it will be pumped again and otherwise it will be corrected, suggesting that Enter if the resistance is successfully broken.
Its not Buy or Sell SIGNAL
DYOR
BY : Mohamad Teriz - @AtonicShark
BTC/GOLD ratio Bitcoin will start to heavily outperform GoldWe looked into this correlation 3 weeks ago with the following analysis but on the reverse ratio of GOLD/BTC:
As you see that was right when the ratio tested the 7 year Lower Highs trend-line and the rejection so far is confirming our bias, which are sell Gold and buy Bitcoin for the next couple years. Gold's 4 straight week sell-off is basically sending a signal to the whole market.
Now back to this study, we view the ratio as BTC/GOLD to put it into a longer-term perspective. We are in the exact same bottom level the price was in December 2019 and January 2015. A conversion of some Gold wealth into BTCUSD for the next 2 years is highly recommended.
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XAUUSD 1h TA : Another Bull Run?Low blue demand range is not consumed and the price can be expected to reach that...
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👤 Arman Shaban : @AtlasTED_5days
📅 06.28.2022
⚠️(DYOR)
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BNBUSDT 6H TA: TrendLineBNBUSDT After the fall of the market to the $ 185 area, we have a positive reaction and we are growing and reaching the resistance of the trend line in the range of $ 260, which if this line fails, we will increase the price to $ 300.
It is recommended to buy if trend line break and it is confirmed.
Its not Buy or Sell SIGNAL
DYOR
BY : Mohamad Teriz - @AtonicShark