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Bitcoin vs Gold
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Bitcoin vs Gold

  #11 (permalink)
Trading Apprentice
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Bitcoin is being recognized as "digital gold," but the volatile nature of the cryptocurrency market is making some investors think differently. Perhaps the most obvious difference between Gold and Bitcoin is this: Gold is a tangible physical Precious Metal, whereas Bitcoin is digital.
Follow Cryptonewstrends to look in-depth of what's going on in crypto industry and community.

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  #12 (permalink)
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I read somewhere that the Bitcoin price is manipulated by some big whales. We now also know that a currency it's not working very well. So why is this digital fart worth so much to so many people? Tulips anyone?

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  #13 (permalink)
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Comment by Danielle DiMartino Booth CEO of Quill Intelligence:
"Bitcoin is huge as a regulator's and politician's and as a central banker's testing ground for what will be sovereign crypto currencies. .......... Until the dollar loses its reserve currency status, I cannot see it (Bitcoin) being used as a safe haven. I think that Gold will wipe Bitcoin clean if there is true fear that hits the market."

Here is the pod cast which contains other interesting comments of our current economic state. ref 17:50
https://futuresradioshow.com/podcast/ms43/?utm_source=Futures+Radio&utm_campaign...111b&mc_eid=%5BUNIQID%5D

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  #14 (permalink)
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In my opinion, the comparison between Gold and Bitcoin is fundamentally wrong. First, gold has not been a safe haven asset in the last 100 years. I wrote this article a few years ago to address the "Gold Bug" phenomena: https://www.seeitmarket.com/gold-as-a-safe-haven-through-history-14617/

Nowadays, financial institutions use sophisticated derivatives, OTC markets and forwards to hedge positions whether in equities or other investments.

Bitcoin purpose was not to be a safe haven, rather an instrument that sits on a blockchain. The fact that people started speculating on it and became "hodlrs" is a totally different story.

Matt Z
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  #15 (permalink)
Market Wizard
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thomasalt View Post
Hi, I also would recommend this article - https://www.coindesk.com/bitcoin-gold-better-long-term-bet

50 years? Imagine what technology will be like then. I don't see anyway Bitcoin is around then in its present form. so based upon the requirement that it "cannot be accessed again for 50 years" it would have to be gold. How if the question was reworded it may be different.

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  #16 (permalink)
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Not too long ago, archaeologists unearthed a small cache of Cleopatra gold coins. Presumably buried since her death. Even though the government has long since passed, those coins can still be spent today to buy valuable goods, not to mention their historical value. I wonder what people would do with an unearthed 2000 year old hard drive with a bitcoin account on it?

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  #17 (permalink)
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Yra Harris, a former member of CME board of directors and one of my favorite economic commentators, had some interesting comments about gold on December/10/2018 podcast:
"Gold as a hedge against inflation is the wrong way to look at it. Gold is a hedge against central banks loosing control....and what will make gold really ratchet up is that all of a sudden the Fed would do an about face. I'm not talking about rising rates...but if the Fed would actually have to announce a type of new program like 'we are going to stop shrinking the balance sheet for a while'. Gold will get a bid.....Gold is the ultimate currency......The Chinese and Russians are looking for a way to create a gold backed currency....sanctions....dollar reserve currency...SWIFT system....they don't like it."

Here is the podcast. Pick up at comments at 38:00
https://futuresradioshow.com/podcast/ms47/?utm_source=Futures+Radio&utm_campaign...80d1&mc_eid=%5BUNIQID%5D

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  #18 (permalink)
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How Much BitCoin Is Love Worth

Money is the art of persuasion by methodical repetition thus self-sustaining cyclic causality. Perception is the center point to any community herd. Relativity plays in and out of favor.

The most basic primordial defect in consciousness is the ever-present desire to Believe. With
this modality tightly attached to each individuals Perception and then combined in groups. The ever-present continuum is to reinvent by imaginative means "What Is Old Is New Again". Conversely, it's also said There Is No-Thing New Under The Sun.


Time assumes value is a vertical commodity in that relics are rare and therefore must increase in value. This is how the art of persuasion in a herd mentality is imbued with forward valuation afforded by the illusion of Guarantee entrapped within "BELIEF" (Be Lie).

Paper money in and of itself is just paper. If the papers began unusually progressively to fade the imprinted image. Fear would engage, and the holder would seek immediate validation to what each piece's represented value is before its blank with an agent of the issuing entity. This is Representational Value.


Gold is a rare element. So, assumed by mutual consensus across the planet. However, what if a mountain's surface was washed away exposing a once undetectable by shielding trillion tons of raw solid Gold. All the stacked bullion would suddenly become a liability. Panic to sell for any amount would engage in hopes to get at least something for the then perceived nothing.


Crypto is digital in nature and can only be held in derivative form. Meaning you can print out the address string of representation value. Other than that, its Digital. This in turn requires other devices to execute value for exchange vs handing paper or metal. Yet Fewer transaction anymore occur in physical exchange of currency.

Barter is Spot Value where the exchange of things for things or services is in complete relativity to the right then and their evaluation. Persuasion and Reverse Persuasion thrust momentum into the entangled engagement.


In conclusion the basis of value is in constant motion. Because Gold is assumed by consensus belief to be special it carries an established Communal Value Position. This is likened to Santa Clause. As the valued concept travels forward, generation to generation for the majority simply because its common and convertible within tolerance to Changing Times.

It appears quite obvious the momentum of money is hard leaning towards a Digital Methodology. It is possible that physical attachment Need Not Apply moving forward. Sorta Like We Don't Need Chimney's to continue the time tested Santa Sleigh Story.

Everything is Money. It's more of a popularity Belief Imbued Established Fashion System that perpetrates the continuum of what Objects and Concepts be it Relic's or New. Are the Comstock of convertible conveyance for Goods and Services.

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  #19 (permalink)
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Here is an interesting comparison of Bitcoin vs Gold in the recent stock market selloff since October 4, 2018.
S&P 500 ($SPX), Gold ($GOLD), Bitcoin ($NYXBT), Dollar ($USD)

Since October 4, the S&P 500 has lost 18%
Gold is relatively uncorrelated to the stock market with a small gain of 4%
Gold is inversely correlated to the Dollar as is expected since dollars are used to buy gold.
Bitcoin is correlated or reacting to the stock market or to some other stimulus not on the comparison chart. Bitcoin has lost 38%
Bitcoin does not seem correlated in any way to the dollar.

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  #20 (permalink)
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From SeekingAlpha.com:

Central banks in no rush to issue e-money
Jan. 8, 2019 5:26 AM ET|By: Yoel Minkoff, SA News Editor
"At this stage, most central banks appear to have clarified the challenges of launching a central bank-backed digital currencies (CBDC), but they are not yet convinced that the benefits will outweigh the costs," according to a survey by the Bank for International Settlements.

85% also said they are unlikely to issue a CBDC in the next three years.

Sweden's central bank has been working on an "e-Krona" project since 2017, while the ECB and BOJ are collaborating on "Project Stella."

https://seekingalpha.com/news/3421283-central-banks-rush-issue-e-money?ifp=0

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