I don't know if you're old enuff to remember the dot com euphoria. people quitting their jobs to start dot com. this hasn't reached that level yet. edit: oops. saw it, maybe u can ask your pa. but at least the dot com euphoria created something useful. webmails and search engines, and web forums...
Well, its a hedge just like gold (store of wealth just like gold) It is being used like gold, its being used like the share market. You have traders and investors and hedgers. It was very difficult for me to wrap my head around it. What is this nothing? The only way I understood BTC's place was accepting reality, history of fiat, human nature and how it can fit in with economics and of course block chain. The big bonus for me is "governments cant take control of it" and this scares the hell out of central banks. Although I like gold very much, Im unsure about its future now BTC is here. As much as I hate to say it, BTC has a lot more up sides than gold and the big corporates are starting to notice the upsides in these current economic conditions, The only real downside I see for me at the moment with BTC is "algorithms" I can remember not so long ago, the future felt so far away, now it seems to be slapping me in the face every day. Cheers
It’s like talking and listening to people who have fallen in love for the first time. Where’s the reception... Or as George would say “stiff drink time”
btc is the hot new girl at work and gold is the old girl you put a ring on.. who cooks a nice meal but stopped putting out... you’re gonna get punished by both if you play them wrong.
wrong, gold isn't an investment. it's a hedge. i can't believe if there's anyone here that still can't understand this concept. that's why crypto isn't gold. it goes down with the system. bitcoin maybe fedcoin alpha edition. who knows?
It sure can be and can work very well. Its just not a income generating investment but can be used as leverage if you have enough of it to generate a income elsewhere. I cant believe you don't understand how gold can be used for both. Never said crypto is gold. Every asset can go down with the system, every asset has the potential to be worthless. Come on SG, you live in one the most liberated business oriented countries in the world run by a very successful Chinaman originally from Malaysia , you of all should understand all the uses of gold.
I sometimes wonder if the permabulls actually believe all of their rhetoric, or if it is a conflated veil for simply being anti-establishment. For me it is an anti-govt thing.
Markets have enough noise as it is, easier not to let emotion in and stay on yr path. Yes human psyche is a weird thing, when gold was at $2800 conviction was high, now that it's retraced to arguably more 'value levels' and perhaps opportunity buys, instead of excercising that conviction, peoples previous conviction crumbles, amusing.... I wonder if that is what the bigger players want?
