Search found 173 matches

by bitcoininthevp
Thu Nov 19, 2020 12:00 pm
Forum: Variable Portfolio Discussion
Topic: Winkelvoss Capital says Bitcoin is a 10x better inflation hedge than gold
Replies: 49
Views: 3021

Re: Winkelvoss Capital says Bitcoin is a 10x better inflation hedge than gold

How does one turn BTC into dollars without cashing them into some form of currency first and going into an account of some kind? With Gold that you hold physically, as long as cash is still legal... Hey, I'm not knocking Crypto here. I am admittedly ignorant with regard to the intricacies of this a...
by bitcoininthevp
Mon Nov 02, 2020 9:21 am
Forum: Variable Portfolio Discussion
Topic: Winkelvoss Capital says Bitcoin is a 10x better inflation hedge than gold
Replies: 49
Views: 3021

Re: Winkelvoss Capital says Bitcoin is a 10x better inflation hedge than gold

How does one turn BTC into dollars without cashing them into some form of currency first and going into an account of some kind? With Gold that you hold physically, as long as cash is still legal... Hey, I'm not knocking Crypto here. I am admittedly ignorant with regard to the intricacies of this a...
by bitcoininthevp
Thu Oct 29, 2020 11:59 am
Forum: Variable Portfolio Discussion
Topic: Winkelvoss Capital says Bitcoin is a 10x better inflation hedge than gold
Replies: 49
Views: 3021

Re: Winkelvoss Capital says Bitcoin is a 10x better inflation hedge than gold

Have not read the whole thread so apologies if it’s already been said. The Winkelvi recently said something to the effect that gold will be worthless because Elon Musk will be able to mine asteroids for unlimited amounts of gold. These guys are IMHO parasites who have extracted wealth from every ho...
by bitcoininthevp
Sun Oct 25, 2020 10:49 am
Forum: Variable Portfolio Discussion
Topic: Winkelvoss Capital says Bitcoin is a 10x better inflation hedge than gold
Replies: 49
Views: 3021

Re: Winkelvoss Capital says Bitcoin is a 10x better inflation hedge than gold

Bitcoin strikes me as a way to drum up big returns in a world where there isn't any. It's one of the last assets that truly has the potential to go to the moon because the market for bitcoing is curently so small. If it starts attracting institutional money it could literally go up 20, 30, even 100...
by bitcoininthevp
Sun Oct 25, 2020 10:46 am
Forum: Variable Portfolio Discussion
Topic: Winkelvoss Capital says Bitcoin is a 10x better inflation hedge than gold
Replies: 49
Views: 3021

Re: Winkelvoss Capital says Bitcoin is a 10x better inflation hedge than gold

Unlike Gold, you have to transfer back into the system with Bitcoin, whereas you can completely, pretty much anyway, accomplish the opposite with the PM's. I dont understand why Bitcoin requires transfer back into the system while gold does not. https://101blockchains.com/wp-content/uploads/2018/06...
by bitcoininthevp
Sun Oct 25, 2020 10:44 am
Forum: Variable Portfolio Discussion
Topic: Winkelvoss Capital says Bitcoin is a 10x better inflation hedge than gold
Replies: 49
Views: 3021

Re: Winkelvoss Capital says Bitcoin is a 10x better inflation hedge than gold

What about the downside of complete traceability of every single transaction that has ever happened and will ever happen? That sounds like the wet dream of any government. "Complete traceability" isnt necessarily correct. You can transact more or less privately. You can mine coins anonymously for e...
by bitcoininthevp
Thu Oct 22, 2020 3:56 pm
Forum: Variable Portfolio Discussion
Topic: Winkelvoss Capital says Bitcoin is a 10x better inflation hedge than gold
Replies: 49
Views: 3021

Re: Winkelvoss Capital says Bitcoin is a 10x better inflation hedge than gold

I don't see why Bitcoin is immune from government attack either. Im really on the fence about Bitcoin. Maybe I'm just too old to get it. Really it's the insane volatility that drives me to the sidelines. Gold, stocks, and long bonds are a wild ride sometimes....Bitcoins movements make me want to pu...
by bitcoininthevp
Sat Oct 10, 2020 12:30 pm
Forum: Variable Portfolio Discussion
Topic: Winkelvoss Capital says Bitcoin is a 10x better inflation hedge than gold
Replies: 49
Views: 3021

Re: Winkelvoss Capital says Bitcoin is a 10x better inflation hedge than gold

I agree with most of what you said above. Sounds like an argument for murdering your neighbor for his cash and his wife if one can get away with it. No, life is very much about should , and incentives too. Off topic but: The only reason you dont do this is because you perceive bad consequences from ...
by bitcoininthevp
Sat Oct 10, 2020 7:11 am
Forum: Variable Portfolio Discussion
Topic: Winkelvoss Capital says Bitcoin is a 10x better inflation hedge than gold
Replies: 49
Views: 3021

Re: Winkelvoss Capital says Bitcoin is a 10x better inflation hedge than gold

... So if you want an asset that is money, which the PP requires, gold is it. If you want an asset that could be more money-like in the future, bitcoin is it. And this speculation, if correct, could still have 100x upside in price appreciation. But lets not kid ourselves that this is a speculation....
by bitcoininthevp
Sat Oct 10, 2020 7:09 am
Forum: Variable Portfolio Discussion
Topic: Winkelvoss Capital says Bitcoin is a 10x better inflation hedge than gold
Replies: 49
Views: 3021

Re: Winkelvoss Capital says Bitcoin is a 10x better inflation hedge than gold

If the world were to agree on a new form of money, governments included, they should start from scratch instead of rewarding people who hoarded it (and burned through the world's oil in the process of mining it) before it was money. They should use something besides bitcoin. A naive thought, perhap...
by bitcoininthevp
Sat Oct 10, 2020 7:06 am
Forum: Variable Portfolio Discussion
Topic: Winkelvoss Capital says Bitcoin is a 10x better inflation hedge than gold
Replies: 49
Views: 3021

Re: Winkelvoss Capital says Bitcoin is a 10x better inflation hedge than gold

... So if you want an asset that is money, which the PP requires, gold is it. If you want an asset that could be more money-like in the future, bitcoin is it. And this speculation, if correct, could still have 100x upside in price appreciation. But lets not kid ourselves that this is a speculation....
by bitcoininthevp
Fri Oct 09, 2020 11:54 am
Forum: Variable Portfolio Discussion
Topic: Winkelvoss Capital says Bitcoin is a 10x better inflation hedge than gold
Replies: 49
Views: 3021

Re: Winkelvoss Capital says Bitcoin is a 10x better inflation hedge than gold

Bitcoin fairs very well when you compare properties side by side to gold. But one glaring difference is that gold has already monetized . It has already become something that people treat as (the worlds second favorite) money. Bitcoin is aspiring money and is making a great trek in the direction of ...