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<p>[QUOTE=&quot;ToughCOINS, post: 8388372, member: 20480&quot;]Bullcrap!&nbsp; Shiny objects keep people from making good decisions all of the time, and there are plenty of &quot;smaller&quot; BitCoin participants who, individually don&#039;t move the market, but who do in aggregate.</p><p><br /></p><p>To even imply that those holding BitCoin were not profit-seeking temporary players is disingenuous.&nbsp; Furthermore, the ~$1T in market cap (formerly $3T) is not chump change, and could move (could have moved) many markets.</p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p>My position regarding BitCoin has never been about making money . . . it has been about not losing it.</p><p><br /></p><p>I wrote, &quot;While most everything is likely to continue to decline, it&#039;s entirely possible that those temporarily drawn to BitCoin now realize they&#039;d have been better off in gold, and can trust it as <i>a store of what wealth they still wish to protect</i>.&quot;</p><p><br /></p><p>That comment addresses the short-sighted perspective most had these past couple of years, feeling like they should be focused on squeezing every last bit of profit they could out of the investment markets before positioning their money defensively.&nbsp; The markets have been uneasy for a long time now, and with good reason.&nbsp; Choosing to time their exits and pass on defensive positioning was a poor decision, and most realize it now, but those who still have assets still have an affordable opportunity to protect themselves against further damage.</p><p><br /></p><p>That realization will certainly have some moving into metals for protection, although not all . . . some have been wiped out to the point that they have no nestegg left to protect.[/QUOTE]</p><p><br /></p>

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