Bitcoin vs Gold
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Bitcoin vs Gold
Updated: Views / Replies:6,089 / 45
Created: by Big Mike Attachments:3

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Bitcoin vs Gold

  #31 (permalink)
south africa
 
 
Posts: 170 since Dec 2018

Mining gold in space is almost as ridiculous as the Canadian oil sands...

The problem with comparing crypto to gold is most of the time gold has very low volatility and is practically the opposite of crypto in that sense.

Bitcoin has really just created a digital bucket shop and purely speculative game.

Clearly there is an appetite for this kind of speculation. It is good to see something get around regulation and fill that need.

It also fills a nice void of creating cheap data sets of real world money bets.


Last edited by centaurer; April 3rd, 2019 at 08:05 AM.
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  #32 (permalink)
Los Angeles California
 
 
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I think Gold is a safer investment, while Bitcoin might be a bigger bet and offer greater returns.

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  #33 (permalink)
Boston, MA / USA
 
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A "Gold Standard" is slowly gaining quiet acceptance in the corridors of central banks, without fanfare or explicit declaration.
The source of this article is interesting from a macro economic point of view. OMFIF is a forum for central bankers, economic policy and public investment.

https://www.omfif.org/analysis/commentary/2019/july/towards-new-de-facto-gold-standard/

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  #34 (permalink)
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Bitcoin Vs. Gold is wrong thinking. Big think: Bitcoin and Gold are allies in the battle for financial choice.
From ZeroHedge.com
https://www.zerohedge.com/crypto/gold-versus-bitcoin-debate-distracting-us-unfortunate-economic-truth

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  #35 (permalink)
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Chart of $SPX (S&P 500), $GOLD, $NYXBT (Bitcoin) , and $USD (Dollar)since October 4, 2018, when the Federal Reserve announced a rate increase, only later to be rescinded after adverse market reaction. None the less, a good position to track performance as the first crack in the long outstanding 10 year stock market rally. Dollar up 5% remains strong, everyone wants dollars. S&P 500 up 15%, lots of dollars finding a home in stocks, Gold up 30%, makes steady increases despite rising stocks, is this a confident stock market?, Bitcoin up 50%, what a wild roller coaster ride, catch the gain if you can.
Ira Harris points out in regards to Coronavirus, "If the global economy experiences a dramatic slowdown where will the funding of debt repayments come from?....GOLD...making new highs is indicative NOT OF INFLATION SCARCITY BUT OF CENTRAL BANKS LOSING CONTROL IN THE FACE OF A HEIGHTENED FEAR OF DEFLATION. It is the fear of deflation in a world saddled with record amounts of DEBT, which the International Institute of Finance (IIF) has cited at more than $250 trillion.
https://yragharris.com/2020/02/09/coronavirus/

Pick your safe harbor.
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  #36 (permalink)
San Francisco CA USA
 
 
Posts: 42 since Jan 2020
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The next cryptocurrency melt up is starting right now. With the bit coin halfing event and the restriction in supply happening this May, things can start pushing up again.

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  #37 (permalink)
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It arguably started 6-8 weeks ago as its already up 4000 or 61% from the 6500 lows. Will be interesting to see what happens with the halving. Forward term structure is already very elevated. March is 200 over Feb and June is 500 over Feb! I do wonder if the conorvirus is driving some of this?

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  #38 (permalink)
San Francisco CA USA
 
 
Posts: 42 since Jan 2020
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With the price under 10,000 right now, it's a real good time to jump in.

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  #39 (permalink)
Iskandar Malaysia
 
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ChrisDouthit View Post
With the price under 10,000 right now, it's a real good time to jump in.

https://bitcoinblocks.live/ <<< look at the blockchain, the gold narrative is false and dying so I'm not going to jump in... I am waiting for the right time to short with leverage

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  #40 (permalink)
San Francisco CA USA
 
 
Posts: 42 since Jan 2020
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I added the bit going today and added the gold yesterday.

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