Gold and bitcoin are a hedge against inflation, right??
- Thread starter S2007S
- Start date
Lots of bitcoiners point out that the costs of everything is going up against USD, but down against gold and especially so bitcoin.
I do think CPI is a lie, and I do think the real numbers are much higher, but when you consider the impact of using a currency that is designed to lose value, and is doing so at a much faster rate now, you have to completely change your whole model of what you are measuring and how.
I do think CPI is a lie, and I do think the real numbers are much higher, but when you consider the impact of using a currency that is designed to lose value, and is doing so at a much faster rate now, you have to completely change your whole model of what you are measuring and how.
Why are we even comparing the two? Like 5 years ago Bitcoin and gold were the same price @ $1274...I posted a chart in some other topic ..so gold absolutely sucks as a hedge against ANYTHING when compared to Bitcoin unless you are hedging against making money lol
Many many are saying the cpi data is a lie, .....that real inflation is sky high still....but it doesn't matter. Inflation or no inflation markets go up
How far away is BTC from Gold?
If you are going to buy into it and do that, why would you buy gold when you can buy BTC?
We all know it's just going to grow and grow. USD is not having the best time and the long term prospect is not looking that good either, there is a lot going on in the world with the effort to weaken it further.
If you are going to buy into it and do that, why would you buy gold when you can buy BTC?
We all know it's just going to grow and grow. USD is not having the best time and the long term prospect is not looking that good either, there is a lot going on in the world with the effort to weaken it further.
I'm not comparing gold to bitcoin, was just stating that if these vehicles are used as an inflation hedge why are they up in the green today if cpi is lower than forecast, something is telling the wrong story. Gold and bitcoin are on an upward trajectory all while inflation has dropped, so to say these 2 are an inflation hedge these days seems quite wrong on the data points provided
How much $$$$ did you lose trading CPI data release?
Sometimes you hedge inflation
with BTC, gold, and sometimes with USD.
Sometimes you buy gold/USD.
Sometimes you sell gold/USD.
The more you try to rationalize the market, the more $$$$ you will lose.
Just focus on the chart;
uptrend - you press BUY first
downtrend - you press SELL first.
Sometimes you hedge inflation
with BTC, gold, and sometimes with USD.
Sometimes you buy gold/USD.
Sometimes you sell gold/USD.
The more you try to rationalize the market, the more $$$$ you will lose.
Just focus on the chart;
uptrend - you press BUY first
downtrend - you press SELL first.
Unless people are of the perspective that
Lower CPI = More chance of rate cut = weaker dollar = Gold goes up vs dollar