It seems like people are reverting to the old ways, where parents and grandparents had the habit of stockpiling gold whenever they had spare cash on hand. And in this current era, young folks are starting to pay more attention to gold—and especially silver, which has been surging lately—with a FOMO mindset, borrowing money, and convinced they're catching it at just the right time. But this is also a really dangerous spot, where everything seems to defy predictions and skyrocket fast, yet low liquidity could cause the whole thing to burst quickly and painfully.
On X, there are comments suggesting that when this gold and silver wave dips, the money will flow into BTC.
Those holding altcoins and BTC are just waiting and waiting.
Some impatient folks will sell off and switch to gold, silver, and other metals.
The rest keep waiting and waiting, thinking it'll work out, but the market doesn't grant anyone's wishes.
The FOMO crowd should be cautious.
Gold is a protective asset, not a growth one.
Silver is also a protective asset, but with lower liquidity than gold; it's heavily used in industry and green tech, like AI, chips, electric vehicles, and so on.
BTC is a risky asset with strong growth potential and high liquidity.
When people face difficulties, they should not lose courage or give up.
After overcoming those difficulties, good luck will come, and it will be much better than for those who could not overcome them.
My story with @bittensororg and $TAO:
Rewind to March 2023, when I penned down my passionate perspective as an ardent early supporter of @bittensororg and TAO. 👇
https://t.co/7Z0Nr04ZvX
Deep dive on my threads 🧵 TAO (道)