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re: Gold hits all time high
Posted on 10/24/24 at 8:25 am to TigerTatorTots
Posted on 10/24/24 at 8:25 am to TigerTatorTots
Now we’re straying from the point of increased utility. Sure, your coins are safe in cold storage. They’re useless in that state, but they’re safe…unless there’s a fire, theft, or hardware failure.
I also think you’ll see increasing levels of industrial espionage of these “assets” where hackers become trolls and simply try to steal them from exchanges just to remove supply. But, I guess If that happens everybody else’s become more valuable.
I also think you’ll see increasing levels of industrial espionage of these “assets” where hackers become trolls and simply try to steal them from exchanges just to remove supply. But, I guess If that happens everybody else’s become more valuable.
0
Posted on 10/24/24 at 12:24 pm to Bard
quote:
It doesn't have to be Mad Max, just a powerful natural disaster. Almost a month later and there are still nearly a half million people without power due to Helene, for example.
Okay, but with some effort those half million people could access BTC if they really needed to. For BTC to be neutered, wouldn't it would take a Mad Max scenario? In that case everybody and everything is f'd. In a Mad Max scenario specially shaped lead would rule the day, not dollars or gold or BTC or shares in NVIDIA.
Posted on 10/24/24 at 2:22 pm to David_DJS
Correct
Posted on 3/17/25 at 10:51 am to SlidellCajun
Gold has out performed bitcoin this past year.
Posted on 3/17/25 at 1:00 pm to RollTide4Ever
quote:
Gold has out performed bitcoin this past year.
Crazy how gold still moves counter to the markets as you would expect a dollar alternative to do. Meanwhile, BTC just moves completely in-synch to the markets....not exactly the safe haven it's portrayed to be.
Posted on 3/17/25 at 1:03 pm to RollTide4Ever
Gold is performing as expected
I question why bitcoin is not performing at or better than gold at the same set of circumstances
I question why bitcoin is not performing at or better than gold at the same set of circumstances
Posted on 3/17/25 at 2:47 pm to SlidellCajun
Chinese govt is encouraging citizens to buy gold....oh isht.
Posted on 3/18/25 at 6:12 am to RollTide4Ever
Gold futures briefly hit $3037.60 this morning. (April 2025) That is per ounce. How much does 1 bitcoin weigh? 
I have zero use for gold ETF's, or paper gold. If you don't hold it, you don't own it.
I have zero use for gold ETF's, or paper gold. If you don't hold it, you don't own it.
Posted on 3/18/25 at 8:42 pm to David_DJS
quote:
Okay, but with some effort those half million people could access BTC if they really needed to. For BTC to be neutered, wouldn't it would take a Mad Max scenario? In that case everybody and everything is f'd. In a Mad Max scenario specially shaped lead would rule the day, not dollars or gold or BTC or shares in NVIDIA.
Lead notwithstanding, how many people would *actually* choose bitcoin over physical gold?
It just doesn’t pass the smell test.
Bitcoin seems to me as more like a store of wealth akin to rare collectibles, whose value also more closely follows the economic markets up and down.
Posted on 3/19/25 at 6:36 am to Warfox
Is there a way to redeem Bitcoin for currency without the use of an Exchange? Do all transactions go through the exchange?
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