Search found 154 matches

by bitcoininthevp
Mon May 20, 2019 10:24 am
Forum: Gold
Topic: Time to Return to the Gold Standard?
Replies: 57
Views: 8016

Re: Time to Return to the Gold Standard?

Most of my reading on Bitcoin indicates there isn't a ton of interest in it for monetary purposes. Think about it...banks transfer gobs of money securely every day. Of course theft happens physically and electronically but we've all read about multiple bitcoin bank heists so personally I also don't...
by bitcoininthevp
Fri Mar 22, 2019 1:30 pm
Forum: Gold
Topic: Bitcoin investors are running from the crypto to invest in gold
Replies: 43
Views: 7070

Re: Bitcoin investors are running from the crypto to invest in gold

Majority of bitcoin trading is a hoax, new study finds https://www.cnbc.com/2019/03/22/majority-of-bitcoin-trading-is-a-hoax-new-study-finds.html Read the source version (227 pages) here: https://www.sec.gov/comments/sr-nysearca-2019-01/srnysearca201901-5164833-183434.pdf Good information there. Pe...
by bitcoininthevp
Mon Feb 18, 2019 2:30 pm
Forum: Gold
Topic: Bitcoin investors are running from the crypto to invest in gold
Replies: 43
Views: 7070

Re: Bitcoin investors are running from the crypto to invest in gold

Once a totally absurd bubble pops, it never comes back. That's because once people realize that it can go down, they stop and ask themselves "What is the actual use value, not the speculative value?" The answer is always "Very little or nothing". Some examples are tulips, dot-com stocks, Beanie Bab...
by bitcoininthevp
Mon Feb 18, 2019 9:54 am
Forum: Gold
Topic: Bitcoin investors are running from the crypto to invest in gold
Replies: 43
Views: 7070

Re: Bitcoin investors are running from the crypto to invest in gold

I posted previously about a variety of use cases for Bitcoin. "What problem do I have that crypto is solving?" See here: https://www.gyroscopicinvesting.com/forum/viewtopic.php?f=9&t=9673&p=173490#p173490 Here is an interesting take on the "speculation/investment" thesis for Bitcoin. https://s3.eu-w...
by bitcoininthevp
Mon Feb 18, 2019 9:45 am
Forum: Gold
Topic: Bitcoin investors are running from the crypto to invest in gold
Replies: 43
Views: 7070

Re: Bitcoin investors are running from the crypto to invest in gold

I’ve read this chat forum (as a visitor) learning about the PP for 5 or 6 years and now. Everyone loves to tweak the PP for performance juice...a tiny portion of Bitcoin does this. Bitcoin wedges nicely in the speculative 10% portion. Rebalance annually and enjoy the ride. Worst case it goes $0. As...
by bitcoininthevp
Mon Feb 18, 2019 9:40 am
Forum: Gold
Topic: Bitcoin investors are running from the crypto to invest in gold
Replies: 43
Views: 7070

Re: Bitcoin investors are running from the crypto to invest in gold

I'm sure Bitcoin will come roaring back soon! Just like Beanie Babies! ;) I’m not sure about soon.....my speculation (let’s see how this ages for the sake of fun)....~September 2019 will start a real slow boring new bull run....(bitcoin is dead in the news stories continue).....then mid 2020 will s...
by bitcoininthevp
Mon Jan 07, 2019 9:49 am
Forum: Other Discussions
Topic: Harry on Bitcoin
Replies: 56
Views: 10485

Re: Harry on Bitcoin

What problem do I have that crypto is solving. Tax avoidance? technov, you should be supporting it then =) I cant know your situation and how Bitcoin might benefit you, but here are some examples of what people are using Bitcoin for. I am not claiming Bitcoin is a perfect solution for each of these...
by bitcoininthevp
Thu Jan 03, 2019 4:35 pm
Forum: Other Discussions
Topic: Harry on Bitcoin
Replies: 56
Views: 10485

Re: Harry on Bitcoin

gaddyslapper007 wrote:
Thu Jan 03, 2019 4:16 pm
I'm sensing a hint of Saifedean Ammous in the above comments.... 8)
Absolutely! I even linked to his book.
by bitcoininthevp
Sat Dec 22, 2018 4:59 am
Forum: Other Discussions
Topic: Harry on Bitcoin
Replies: 56
Views: 10485

Re: Harry on Bitcoin

Hard Money : (def) Hard currency, safe-haven currency or strong currency is any globally traded currency that serves as a reliable and stable store of value. I was using the term hard money to refer to its ability to be controlled/inflated by man and thus its stock/flow ratio. By this definition yo...
by bitcoininthevp
Sat Dec 22, 2018 4:39 am
Forum: Other Discussions
Topic: Harry on Bitcoin
Replies: 56
Views: 10485

Re: Harry on Bitcoin

There is no evidence that Bitcoin will ever be stable, and lots of evidence that it will not be. There is also no evidence that it will ever be used to any significant extent in commerce. It is hard for me to think of evidence that could be provided that a nascent technology will achieve its end go...
by bitcoininthevp
Fri Dec 21, 2018 1:43 pm
Forum: Other Discussions
Topic: Harry on Bitcoin
Replies: 56
Views: 10485

Re: Harry on Bitcoin

As soon as Bitcoin has 1/10th the track record of gold, I'll consider it. This is reasonable. However you would miss out on the appreciation of bitcoin as it monetizes. At some point bitcoin will be stable. It is at this point that it will be a good unit of account and medium of exchange. So you wi...
by bitcoininthevp
Fri Dec 21, 2018 1:37 pm
Forum: Other Discussions
Topic: Harry on Bitcoin
Replies: 56
Views: 10485

Re: Harry on Bitcoin

Gold is hard money, sure. But Bitcoin is even harder. I don't know where you are getting your drugs... but they are quality. Im open to hearing your viewpoints on the matter and even to educate myself. But seeing platitudes like this is not very useful for anyone. Ive explained why I think that gol...