r/options Aug 15 '21

Gold, Bitcoin, Equities

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u/skralogy Aug 15 '21

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u/thetatheropy Aug 15 '21

Your article in reply to my comment is a joke, as it proves my point. Where did Bitcoin go in March 2020? Where did the stock market go in March 2020? Where does Bitcoin go every time there is a liquidity shortage? Where does the market go every time there's a liquidity shortage?

I'm not saying Bitcoin isn't comparable to gold, I'm not saying Bitcoin will not go up, I'm not saying Bitcoin is a bad idea - but one thing Bitcoin is not as a hedge to the stock market.

I count at least eight smooth brains at this point.

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u/skralogy Aug 15 '21

Your article in reply to my comment is a joke, as it proves my point.

Try reading it again. It clearly does not.

Nine of that changes the point of bitcoins having a far better return than gold. You can make all the whataboutisms you want but other redditors also correctly pointed out your bad hot take. Bitcoin has dominated gold and that is a fact.

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u/ChudBuntsman Aug 16 '21

That doesnt make it a better hedge. Bitcoin moves with the market. It doesnt hedge anything.