Oddbean new post about login | logout https://m.primal.net/LiwR.jpg I truly believe the U.S. dollar is a Shit-Coin, but does this chart mean I should by more BTC or more gold??
That chart will look the same for almost any asset. Put stocks or real estate in there, same story. Will look like they are falling off a cliff. Put Bitcoin in and it wouldn't start until 80% through the graph (2009 vs 1970) and it would break the entire scaling of the graph because of how explosive it was.
Bitcoin is riskier If you want to gamble on maybe becoming rich, that's the one to go for Gold is more stable If you want to preserve wealth, that's the one to go for
riskier, in what sense?
The market value of Bitcoin depends on adoption and sentiment to a greater degree than that of gold If investment demand for gold went to zero, you could still sell it to dentists to fill teeth or computer manufacturers to plate electrical contacts Bitcoin has no such safety net
I’m not a biologist, but the answer for me is always Bitcoin.
Which is more likely to be stolen when you cross borders?
How are you crossing them? 😂
Either by plane when traveling or as a refugee
Then bitcoin, it's the price you pay for being lazy & impatient. 😂
https://m.primal.net/LjCX.png This chart sums it up pretty nicely. ETH/BTC chart as a nice little bonus for comparison.
Yes
Bitcoin. Good luck trying to flee a country in the future with bars of gold. My friend's family fled Vietnam, on a boat in the 70's, and they hard bars of gold in their bags. The US rescued them, but they were not allowed to bring any of their luggage with them, all their life savings were lost forever. Anything physical is too difficult to secure against government seizure (or criminals). Not sure the difference between government and criminals. Definitely Bitcoin. ₿
Both
Gold will rise in price due to the printing of money, but its network will not have substantial growth fundamentally because it has severe physical limitations. #Bitcoin will not only respond to global liquidity (stronger than any other asset actually), but it will also have significantly outsized growth because it is still nascent and the network itself (the number of people who use, invest, and trust it) is expanding rapidly and will continue to do so for a couple of decades at least. Then its technology and the protocol stacks on top of it are vastly expanding its capabilities and reach, and as a digital asset it has no limits. In the case of its continued survival it can and will be more widely adopted and capable than any other money in history. There are simply entire layers of the market that cannot be served by permissioned, fiat money. Bitcoin doesn’t have those arbitrary boundaries. I say invest a little in gold if you want a hedge against #Bitcoin, but otherwise I’d put as much as I possibly can in BTC while the world still hasn’t figured out what it is.
