I agree. It’s superior.
Monitoring the Crypto Bubble
- Thread starter Bullion Baron
- Start date
I agree. It’s superior.
precious roar
Active Member
^^ Only in financial performance
In financial performance, in utility, in transportability, in accessibility, capacity to be circulated…
Gold only holds value. Yep its slow and a heavy element haha.
Pretty much different in every way compared with a crypto and i never understood the comparison between the two.
For this crypto drop im kind of happy to take a break for awhile from the crypto madness and its hard to keep up with 24/7. Cryptos can be alot of work!
Pretty much different in every way compared with a crypto and i never understood the comparison between the two.
For this crypto drop im kind of happy to take a break for awhile from the crypto madness and its hard to keep up with 24/7. Cryptos can be alot of work!
It's an evolutionary thing thanks to technology and really only applies to BTC.
Prior to its invention there were very few other assets that shared some of the same qualities of gold, BTC shares all of them except the aesthetic use bit. But because value is subjective not everyone considers BTC to be Gold2.0 which is ok. But not everyone values gold mind you, even from an aesthetic perspective.
That's why people HODL.
What are they telling themselves about sharing the same qualities haha. Thats just rediculous.
I want to hear this.
I want to hear this.
Crypto is for gambling, same like stock. Gold is slow and boring, it won't die and it won't fly. Except when there's war. They serve different purpose. With the disproportionate risk in the stock market, rising interest rates, and the potential for doomsday like cyber attacks and grid failures, and bandits running amok, the safest thing out there is still gold and perhaps UST.
Yep I agree and its obvious where the strength is right now. Thats why i only trade cryptos and hodl metals. We all know where gold is heading and no charts needed.
Theres no way id want anything locked up in cryptos hoping for the next rise on this drop. Could be years before it comes back and too much depression for me. The meltup seems like a winners gamble right now for me, oil and commodities woop woop!
Theres no way id want anything locked up in cryptos hoping for the next rise on this drop. Could be years before it comes back and too much depression for me. The meltup seems like a winners gamble right now for me, oil and commodities woop woop!
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You missed my post above? Or just chose to disregard it because it doesn’t confirm your bias?
Btc is faster over the internet but that doesnt matter to most people. A debit card does the same thing but much better and no one is going to btc for that. A gold backed debit card would be even better.
Its simply not as good or it would be used and central banks would hoard it. Youve said yourself they dont care about cryptos.
Other than that its a great speculative asset but dont bet the farm!
Are you sure you read what I posted?
This is what I said:
It's superior to gold in financial performance, in utility, in transportability, in accessibility, capacity to be circulated…
I don't recall saying that, maybe I did. I know I did say that central banks don't care about gold, that's why the major central banks of the free world are not buying any. They don't need it or in the case of Canada, Germany and others don't want it. Same with crypto.
But we're not central bankers responsible for maintaining the balance sheets of wealthy highly developed economies, we're just consumers so it could be argued that there is a place for gold in our portfolios. But I wouldn't go overboard, no more than a 10% allocation as it comes with a huge opportunity cost but each to their own.
This is what I said:
It's superior to gold in financial performance, in utility, in transportability, in accessibility, capacity to be circulated…
I don't recall saying that, maybe I did. I know I did say that central banks don't care about gold, that's why the major central banks of the free world are not buying any. They don't need it or in the case of Canada, Germany and others don't want it. Same with crypto.
But we're not central bankers responsible for maintaining the balance sheets of wealthy highly developed economies, we're just consumers so it could be argued that there is a place for gold in our portfolios. But I wouldn't go overboard, no more than a 10% allocation as it comes with a huge opportunity cost but each to their own.
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People who make For or Against arguements about BTC as a Hedge against inflation, really why.... In both cases the narrative doesnt hold
Bitcoin was flying when Feds wasn't interested in Inflation -> No one buying BTC during the boom gave a crap about inflation.
Bitcoin is tanking because Feds have their eye on Inflation -> No one selling BTC gives a toss about inflation at the moment
Would I buy or sell BTC as a hedge against inflation.... lol buy sea water and extract gold
Would I hold Gold long term as an Inflation Hedge during boom periods lol talk about missing the boat.
BTC is a momentum play, in good times of plenty BTC goes up directly in proportion to spare cash people living paycheck to paycheck are willing to piss up the wall on a hunch vs when times looks bad paycheck to mouth people sell BTC when every dollar might count.
In general if anyone thinks tanking BTC price is anything to do with inflation is likely buying vintage/collectable gold/silver coins/bars at 20 to 100% premium and thinking it is a hedge against inflation.
Bitcoin was flying when Feds wasn't interested in Inflation -> No one buying BTC during the boom gave a crap about inflation.
Bitcoin is tanking because Feds have their eye on Inflation -> No one selling BTC gives a toss about inflation at the moment
Would I buy or sell BTC as a hedge against inflation.... lol buy sea water and extract gold
Would I hold Gold long term as an Inflation Hedge during boom periods lol talk about missing the boat.
BTC is a momentum play, in good times of plenty BTC goes up directly in proportion to spare cash people living paycheck to paycheck are willing to piss up the wall on a hunch vs when times looks bad paycheck to mouth people sell BTC when every dollar might count.
In general if anyone thinks tanking BTC price is anything to do with inflation is likely buying vintage/collectable gold/silver coins/bars at 20 to 100% premium and thinking it is a hedge against inflation.
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As much as bitcoin is better than gold it needs to go through an authentic price discovery process first to really de-throne it. It's not until most people have a fundamental understanding of its value that it will take place. Speculation will drive the technology forward until then.
TreasureHunter
Well-Known Member
^
Many cryptos have dipped, but not as much as I expected. This might be a investing good opportunity (in the coming weeks) for those who believe in them, depending on the Ukraine-Russia-West events that are unfolding.
Many cryptos have dipped, but not as much as I expected. This might be a investing good opportunity (in the coming weeks) for those who believe in them, depending on the Ukraine-Russia-West events that are unfolding.
I'm quite sure NATO will be involved soon.
and finished just as quickly as the Ukrainians were
Hoping for NATO involvement is like hoping for the end of the world.
Why do you think NATO will lose? After reading ZH?
And what is the difference between financial sanctions and war? Financial sanctions is declaration of war.
The European war has already begun.
Just have a look at the technological gap between the eastern powers and NATO
How do you know that? From ZH?
I read ZH for fun, but it's just comedy. For the past several weeks, ZH has been saying the Americans are just fear mongering....
ZH had also been pumping crypto....
Anyone who reads ZH and takes it seriously will lose money.