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śatosha | 29 days ago (raw) | export | reply | flag +1 
 Will this trend continue ? #askNostr

#bitcoin vs #gold  

six months now the golden rock is doing better ..

https://image.nostr.build/9c2b9dcd4bf05a4208e1cd27b970bf82ca56abe8315455f43fed2238a0989f0c.jpg
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Unit of a Count | 29 days ago (raw) | root | parent | reply | flag 
 Gold will be used as fuel for #bitcoin
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śatosha | 25 days ago (raw) | root | parent | reply | flag 
 That is a great idea something that keeps clicking my mind ..but I am not sure how gold and btc would join hands .. I always thought of a direct conversion exchange would be good bypassing the fiat but that involves physically moving the rocks which seems impossible !
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Skick | 29 days ago (raw) | root | parent | reply | flag 
 I frequently think about buying gold as well but at the same time, I buy bitcoin to be prepared if shit hits the fan. If your goal is to be able to leave whatever country you are in with as much wealth as possible, it doesn’t serve that purpose very well at all.
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śatosha | 25 days ago (raw) | root | parent | reply | flag 
 I don't even get out of my home - let alone the idea of leaving the country :-) But I am sure this is solid use-case because anti-rich sentiment is on the rise in many jurisdictions !
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f17eab86 | 29 days ago (raw) | root | parent | reply | flag 
 I mean, you can cherry pick timelines all you want…in theory, short term tbills have done better since BTC was at ATH?

What does that mean to you? What’s the action there?
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śatosha | 25 days ago (raw) | root | parent | reply | flag 
 My thesis is as the western nations start pegging their currencies to btc , BRICKS would increasingly get back to gold .. so both btc and gold shall move hand in hand !
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f17eab86 | 24 days ago (raw) | root | parent | reply | flag 
 Nah, gold is probably going to get left in the dust.

Some major country is going to dump their gold reserves…which will really hit gold (and foreign competitors) pretty badly.
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mleku | 29 days ago (raw) | root | parent | reply | flag 
 bitcoin has become the focus of efforts to stem the appearance of inflation

but all the pigs are buying in, all of them, even if they say publickly " it's a damn shitty cipherpunk thing that nobody cares about" they are buying in

gold is up because inflation is up, that's normal, bitcoin is not up in the same situation but that is a transitional

bitcoin is kicking the arses of the bankster cartel, they low key admit it but won't admit it out loud
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śatosha | 25 days ago (raw) | root | parent | reply | flag 
 I consider myself a "low information person" when it comes of money .. if I am stacking #sats ; I am sure 90 % of world's wealth is after it :-)  ... that said , I think bitcoin is the best breakthrough for banks because now they can settle in 30 minutes rather than waiting for 3 days . In many cases settlement takes more than a month .. as far as inflating the money supply - they will still do that because they can always issue loans in fiat .. fiat is not going away ..at least in our lifetime ..