In a lively discussion today, people are voicing frustrations about Bitcoin's stagnation compared to rising stock markets. While some see potential in gold's performance, others express skepticism about Bitcoin's ability to keep up, leading to various viewpoints in this heated conversation.
Bitcoin's Recent Performance
Commenters are worried about Bitcoin's trajectory, especially with stocks seeing a steady rise. One participant noted, "On one hand, stocks are going up every day while crypto obviously doesnโt," highlighting a growing concern among investors. This sentiment continues as people share that Bitcoin's gains typically occur in just 10-15 days a year, leading to questions about the effectiveness of holding during this stagnant period.
Gold's Rising Influence
Gold's record highs have some hopeful that Bitcoin will follow suit. One user stated, "Gold is pumping today to ATH; BTC will follow sooner than later." Yet, skepticism remains. Comments about Bitcoin being "the most boring asset in the world most of the time now" reflect a mix of hope and doubt.
Liquidity and Trading Concerns
The liquidity in the crypto market is a major topic. Some users shared, "Donโt trade illiquid options - you wonโt be able to exit when/where you want to," pointing to frustrations with the trading landscape. The total net flows for various Bitcoin ETFs also raise eyebrows, with BlackRock and Fidelity showing significant outflows, reflecting a possible shift in investor sentiment.
"Itโs becoming a tough hold for sure. For me itโs a 10-15% of net worth allocation now. I had it at 33%."
The community exhibits a blend of optimism and frustration. While there are signs of potential growth, the general sentiment highlights a concern over Bitcoin's current standing.
๐ Total Bitcoin ETF net flows show outflows, raising concerns:
BlackRock: -$ million
Fidelity: -$ million
๐ "If youโre holding long term, it doesnโt matter how it gets there," underscores patience among investors.
๐ "Now, it wonโt matter much if Bitcoin is only a small part of your portfolio," indicating varied investment sizes among participants.
As discussions unfold, many are questioning if Bitcoin can stage a comeback or if it remains in a holding pattern amid market declines. Can Bitcoin align with rising stocks, or will it continue to experience stagnation?