> 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.
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.
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.
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.
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.