Gold vs bitcoin ...

[murray t turtle]

Schiff has been so hilariously wrong it’s a joke at this point. I think he may actually like bitc*in, and talks about it bc it gets him attention.

I find this funny

"when you own bitcoin you own nothing"

here is a simple way to know this is bullshit … if I gifted you 1 bitcoin, would you exchange it for 70k (assuming you don’t like/want bitcoin) or would you just throw it away because you actually “own nothing”?? Exactly.

%%
I see your points;
you really could gift a total stranger a bit con-nothing .
But I could see why you would not mind gifting a stranger, nothing.
Bit back on topic, i wish i had kept that fo*ls gold rock, i had as kid;
not worth anything, but it looked better than the new fake bitcon gold coin pics LOL Funny. ; but one crypto loser said his broker said ,you dont really own it.
NO offense to the rock dealers Just read book reviews ''Best Loser Wins''

 

[S2007S]

Schiff has been so hilariously wrong it’s a joke at this point. I think he may actually like bitcoin, and talks about it bc it gets him attention.

I find this funny

"when you own bitcoin you own nothing"

here is a simple way to know this is bullshit … if I gifted you 1 bitcoin, would you exchange it for 70k (assuming you don’t like/want bitcoin) or would you just throw it away because you actually “own nothing”?? Exactly.

So get this, remember the artist who created the NFT 5000 days. It was sold at auction for I think 60 or 70 million. The buyer of course was very big into cryptocurrencies and purchased the record breaking art work using Ether, well just days after the artist received it he took the tens of millions in ether and converted it straight to US currency.... When I saw that I thought not even the artist who created the most expensive bubble nft and sold it for cryptocurrencies thought it was worth holding the actually millions he had in ether.

 

[misterkel]

Yeah, I was going to pay for something in Gold, but... it didn't work out well.
They did take bitcoin. I guess I'll have to try it.
anyways, here's the 5 year chart. I'll let you figure out which is G and which is B:

 

[wxytrader]

Gold vs bitcoin will always be the biggest faceoff especially now that both are seeing record highs!

Found this to be interesting. Peter Schiff is real when he says "when you own bitcoin you own nothing"

Dream on. Gold is done as a store of value.

 

[wxytrader]

Gold vs bitcoin will always be the biggest faceoff especially now that both are seeing record highs!

Found this to be interesting. Peter Schiff is real when he says "when you own bitcoin you own nothing"

How is this a faceoff? Gold went from $1k to $2k, Bitcoin is about to go from $1k to $100k.

 

[The_Krakenite]

Everything Peter Schiff has said about Bitcoin over the years has been proven to be dead WRONG, so if you want to make a lot of money, do the exact OPPOSITE of what he says.

Actually, that's not quite correct. He's had a couple of nails hit on the head, one of them related to crypto.

My favourite, was just before the Financial Crisis, in a live debate of Peter vs his arch nemesis Mike Norman, Peter nailed the housing collapse exactly, and mentioned all the profits were going to be wiped out from the growing bubble. Mike, ended up practically laughing him off the show.

Cringe Warning:

Alright, so that wasn't exactly crypto-related, but he also hit the Celsius implosion on the head too. Just before Celsius blew up, there was a live debate with Peter vs Alex Ma-shit-sky. (Note, Peter was very heated in that debate IIRC). Alex ended up talking about his clients getting paid (dividends). Again, Peter called him out on it, mentioned there was no legal/safe way to be getting that sort of return on those assets, and something extremely dubious/risky had to be going on behind the scenes at best.

Sure enough... we saw what happened shortly after.

 

[murray t turtle]

Hi,
Thanks for sharing.
In my opinion, gold has been a traditional asset for centuries, and there's a well-established market for buying, selling, and trading gold. Bitcoin, on the other hand, operates on cryptocurrency exchanges, which have grown significantly in recent years but may not have the same level of liquidity and accessibility as traditional gold markets.

%%
NOT to promote gold or crypto;
does anyone think its strange, not the selloff , but the fact that one can buy a home for $70,000 or an overpriced new auto @ $70,000??[Not that a new auto is the key to sucess LOL]
Interesting the names they found for the crypto ETFs.
Gold[silver copper, bronze ] has been money, for thousands in the form of coins;
but as an investment \so far below SPY benchmark.

 

[Ed48]

Gold[silver copper, bronze ] has been money, for thousands in the form of coins;
but as an investment \so far below SPY benchmark.

Over the long haul, the metals woefully underperform the stock market.

However, there are times (like the 1970s, 2000s) where they outperform. It's possible we may be in for one of those periods quite soon.

 

[murray t turtle]

Over the long haul, the metals woefully underperform the stock market.

However, there are times (like the 1970s, 2000s) where they outperform. It's possible we may be in for one of those periods quite soon.

%%
EXACTLY ED48;
Week of 3\10-16-2024.
including but not limited to ,to copper ,low grade copper LOL, silver +metal blends, cash metals ........................................................

 

[themickey]

Over the long haul, the metals woefully underperform the stock market.
However, there are times (like the 1970s, 2000s) where they outperform. It's possible we may be in for one of those periods quite soon.

Gold price has reputation for being constantly manipulated.
Now it wouldn't surprise gold manipulators are beginning to panic seeing bitcoin leave their POS metal in the dust, so now they'll finally allow gold to climb in order to attempt to win back dumb money.