> I've made some decent cash by shifting some money into Bitcoin on a Monday and cashing out my positions by Friday during these rallies to the tune of 30-70% profits but it's not for the faint of heart.

All of this is gambling, not some rational modeling of how the bitcoin price will move.

I'm glad that it has worked out for you.

Of course it's gambling... just like putting money in Tesla, Zoom or any other stock that made cash during Covid.

Bitcoin's price is irrelevant if you're planning on using it as a deflation countering method but if you're looking at pricing, you're basically gambling on you not being the bigger fool.

> Bitcoin's price is irrelevant if you're planning on using it as a deflation countering

How does bitcoin function as a "deflation countering method"?

As long as you can find someone willing to trade something for Bitcoin, your Bitcoins are safe from USD printing.

Whether it's a pizza that later on is worth billions, or a car or something else. Your bitcoin is worth something, and is just another method of payment.

> your Bitcoins are safe from USD printing.

Wouldn't that make it a hedge against inflation?

Many people in this thread on the wrong side of the Dunning-Kruger curve.

I believe USD printing would 'deflate' your savings. But English as a third language so maybe I'm wrong...

Literally every asset is safe from USD printing. Each and every one. As soon as you don't hold literal physical dollars in your possession what matters isn't inflation but the performance of the asset. Beanie babies, shoes, bitcoin, bond funds, stocks. All of them.