In the last half hour, Bitcoin has set a new annual low relative to gold heading under 24 ounces representing a 40% decline from its all time high In fiat terms it is now 18% under its all time high in dollars, nearing traditional market bear territory image

Replies (15)

Last cycle, Bitcoin dropped 75% relative to gold from its high to its low, so we may already be more than halfway through that bearish indicator. If you have gold, I recommend hold on to it for now until the ratio gets under 20 ounces before converting to Bitcoin. If you have dollars, I recommend hedging between gold, bitcoin, and assets producing a yield to acquire more Bitcoin. If you have chairs, I'd try to sell them this weekend via yard sale or facebook marketplace to buy Bitcoin. if you have bitcoin, enjoy the ride.