21–27 of 27 posts
How about adding the S&P index to the list? That is where many people store their excess earnings (ie. retirement accounts). I know very few people who store their excess income as cash (or Bitcoin, or gold).
Earlier quoted context omitted.
Nobody knows what anything is going to do for sure, but that doesn't mean we know nothing. Things that go way way up quickly tend not to be stable. Shit can change, but the probability of gold massively changing in value is much less than bitcoin taking a massive swing.
Valid point. I wouldn't say large swings is necessarily an indication of failure though. It is expected for Bitcoin to swing wildly because in contrast to gold, it's very accessible and in this age information is quick and erratic.
> it's very accessible and in this age information is quick and erratic.
That seems like an untrue statement. Assets like gold are very easy to buy, depending on where you live (and laws against bitcoin) probably much easier than bitcoin which has weird laws restricting it.
Earlier quoted context omitted.
Nobody knows what anything is going to do for sure, but that doesn't mean we know nothing. Things that go way way up quickly tend not to be stable. Shit can change, but the probability of gold massively changing in value is much less than bitcoin taking a massive swing.
Valid point. I wouldn't say large swings is necessarily an indication of failure though. It is expected for Bitcoin to swing wildly because in contrast to gold, it's very accessible and in this age information is quick and erratic.
Earlier quoted context omitted.
Valid point. I wouldn't say large swings is necessarily an indication of failure though. It is expected for Bitcoin to swing wildly because in contrast to gold, it's very accessible and in this age information is quick and erratic.
Its a failure if you want a stable store of value heged against inflation, which is what gold is. That doesn't make bitcoin a failure in general, just not suitable for the same purpose gold is. Same way stocks are not used for the same thing gold is. > it's very accessible and in this age information is quick and erratic. That seems like an untrue statement. Assets like gold are very easy to buy, depending on where y…
That may have been true in the past but not likely to be the case going forward.
Stable is in the eye of the beholder; over the coming years, much of the $10 trillion dollars of the gold market will flow to bitcoin.
Just in general, Bitcoin is kicking gold’s ass:
$1 Invested in Bitcoin vs Gold over 11.4 yearsEarlier quoted context omitted.
Its a failure if you want a stable store of value heged against inflation, which is what gold is. That doesn't make bitcoin a failure in general, just not suitable for the same purpose gold is. Same way stocks are not used for the same thing gold is. > it's very accessible and in this age information is quick and erratic. That seems like an untrue statement. Assets like gold are very easy to buy, depending on where y…
Its a failure if you want a stable store of value heged against inflation, which is what gold is. That may have been true in the past but not likely to be the case going forward. Stable is in the eye of the beholder; over the coming years, much of the $10 trillion dollars of the gold market will flow to bitcoin. Just in general, Bitcoin is kicking gold’s ass: $1 Invested in Bitcoin vs Gold over 11.4 years Bitcoin:$71…
How about adding the S&P index to the list? That is where many people store their excess earnings (ie. retirement accounts). I know very few people who store their excess income as cash (or Bitcoin, or gold).