/biz/ - Business & Finance

>>55532895
you lost your credibility at no new ath next bull run. begone scoundrel.

>>55497720
It depends on how much of their currency should be backed by physical gold. There should be a small percentage of it, like how EU banks can leverage 50X for every euro they have. If the amount that they must have is large enough to create large purchases of gold for backing, then the price should increase due to supply and demand.

>>55497638
Forget about Russia. Many other countries are joining in on BRICS. That being said, although it can be great for gold, it should also be met with immense skepticism because they probably only have the ability to back only a fraction of it with actual gold. So in a sense it's a scam. Curious to see how this will affect gold prices int he next few years.

https://www.kitco.com/news/2023-07-07/Russia-confirms-BRICS-will-create-a-gold-backed-currency.html

>>55493706
I guess enter a 1X or 2X long when the monetary adjusted value is very low, and keep it open for years.

>>55492994
Yes, but it won't happen. The Fiat ponzi will continue until high inflation is permanent. CBDC's will keep the hustle going. The poors aren't going to whine when they get to buy new shit every month, and can keep on consuming even without working. CBDC will most likely become tied to UBI, and of course all the money will tickle up to the rich who aren't even invested in money but their true assets are their companies and investments.

>>55492527
Oh sorry, one final thing. The FTX fiasco has pushed hashrate to price ratio lower than it ever was in history. If you bought in that period congratulations. I myself placed a 5X long with $500 I plan to keep open for years for the keks.

>>55492463
Incorperating monetary supply, hashrate and price for BTC you get some interesting endpoints. There seems to be a "bottom" zone for hashrate/price ratios. The market is becoming more and more correlated to Bitcoin production price as time goes by. This will be all I have to share, unless anyone has some form of further request.

>>55492268
>>55491738
Both gold and silver are underbought/oversold in comparison to historic standards. A big gold bull run is possible in the next few years. Gold is more volatile than silver. Gold is trading in this ratio about the same range currently as it was when Nixon did his 1971 thing. Silver is significantly lower in price than the 1971 Nixon thing.

Unrelated, but two not post twice in a row, here is the BTC chart vs monetary supply adjusted. It is pretty much the same. But I do have more to post about BTC. Next post will be interesting for some.

>>55490705
>>55491107
>>55491714
Sure!

Final monetary supply adjusted gold observation I wish to share. We have been trading a lot in the purple range, and it is also where the monetary supply adjusted value was at when the gold standard was abolished entirely by Nixon.

They've been printing so much money that gold is actually adjusted to monetary supply, cheaper now than in 2014.

Gold price adjusted to monetary value (left) vs gold price absolute value (right)

Side by side comparison.

Interesting.

>>55460525
if you consider price to hashrate ratio, op is not a very smart man

>>55454292
admittance of guild + greed

>>55446444
> billionaires doing advertisements that will make us buy their bags while they dump
so basically sell everything?

no, but i like the risk to reward ratio

>>55418775
hodling for a year to a year and a half when buying at halving is a guaranteed win formula pretty much, thats 1/4 of the cycle you an profit as an idiot

>>55397942
keep up the slime trail, my fren! one day!

>>55400013
not only btc, but mostly yes.
thank

>>55400474
on the fact that the correlation has been increasing.
no targets, but i think the 20X from previous high days are over.

>>55395666
by the definition of "a greater fool buying your bags", what is not a ponzi? Every stonk is a ponzi. Even fiat is a ponzi according to your description. I bet you will scratch your little chimp skull over this question.

Created a new ratio: Bitcoin price to hashrate ratio. Here are my predictions. There will be a higher correlation between hashrate and price in the future. Prices may during one of the halving cycles become fairly stable for crypto norms. Energy prices will become a bigger factor in BTC price determination. We are close to historic low price to hashrate ratios.

>>17274445
Lmao. Every time I lose a trade I think its because a hodler looks at my thread and pumps out of pure resentment lol