Oddbean new post about login | logout gold is trending to zero https://m.primal.net/HSFG.png
La gráfica de bitcoin hace esto ✨✨ https://video.nostr.build/c9388e437f44a397280f9ff034f721210658aef5177ded0092f7cef14a12c9b2.mp4
Gold fixes nothing.
I don’t even pity goldbugs at this point. If they understand money as well as they purport to, they would own some btc already.
https://en.m.wikipedia.org/wiki/Planck%27s_principle They won’t change their minds
Ok
Not zero. It's a CDS on bitcoin. The more valuable bitcoin becomes, the more valuable the default protection becomes. It would be the best money to save in if bitcoin didn't exist. But gold definitely going lower in bitcoin terms while bitcoin exists.
Can someone please explain Solana? Why is it an exception? Why is it not trending to zero yet?
With the proliferation and fragmentation of Ethereum L2s creating complexity, it is seen by some as the next smart contract platform to gain wide adoption. It has significantly higher TPS thanamny other L1, which should allow scaling the main chain. It has institutional interest brewing. Eg, Visa is developing there. Personally, i have no particular love for SOL, but I'll look into anything that will let me stack more sats
6000 years of track record. Nope not going to zero dude. Be smart hold both #gold and #bitcoin https://image.nostr.build/5ef20982216694e174aaa7458b7c3ec4a913d2057a595cc68443d25bc40a6a12.jpg
Genuine question, what does gold do better than bitcoin besides having that track record? Bitcoin possesses all good things about gold and none of its downsides. People started riding horses approximately 6,000 years ago as well. Since the first car was made, it took about 50 years for the full shift from horse to car. I doubt gold will ever make any comeback versus bitcoin, except for the relatively short btc bear periods.
Everything is trending to zero @Jeff Booth
Actually, Gold has been relatively flat for the last 12 years or so, but currently it is ATH. It seems really odd that it's price is rising along with the stock market. Might the bubble be ready to pop? See TradingView graph https://m.primal.net/HSHT.png
USD is losing value. Gold is maintaining value. BTC is gaining value. BTC is a better investment, but I disagree that gold is trending to zero.
How is the market value of life? I hear inflation is a bitch.
And this is coming from a guy who runs a gold podcast!
Everything does
