Bitcoin or Gold?

[Neeranam]

On 1/5/2021 at 10:03 AM, gyps said:

Hard to make large profits when one coin is $33,000. But, I had an opportunity at $9,000 a few months ago. Oh well!

10 months on, 74% up, in the future, people will be saying they had a chance in Oct 2021 at $57,400. 

 

 

[meechai]

20 hours ago, Henryford said:

Gold ha ha. Price 2011 $1750, price 2021 $1750. Just put your million under the mattress.

Beats me but gold & more so silver allowed me to retire in 2012 at the ripe old age of 56

No debt, never worked again, so if someone knows what goes where & why they may do just fine thanks ????

 

It is not about just buying something but understanding the G/S ratio & how to play it

 

That aside again everyone is free to buy what they want & put their money where they want. But to assume something based on your obvious wealth of no idea is a bit embarrassing....for you ????

 

For those in & hopefully out of cyber coins hopefully you did well & can now leave the casino & retire never again needing to risk/play

If not lets hope your cyber coins can keep even half of the strength over decades/centuries that PM's have.

 

I do wish you all luck with your choice.

 

[Neeranam]

7 hours ago, meechai said:

Beats me but gold & more so silver allowed me to retire in 2012 at the ripe old age of 56

No debt, never worked again, so if someone knows what goes where & why they may do just fine thanks ????

 

It is not about just buying something but understanding the G/S ratio & how to play it

 

That aside again everyone is free to buy what they want & put their money where they want. But to assume something based on your obvious wealth of no idea is a bit embarrassing....for you ????

 

For those in & hopefully out of cyber coins hopefully you did well & can now leave the casino & retire never again needing to risk/play

If not lets hope your cyber coins can keep even half of the strength over decades/centuries that PM's have.

 

I do wish you all luck with your choice.

 

Good for you, nice to hear. I also made some money with gold, selling in 2012. 

 

Most retirees, over 60, just don't feel comfortable with computers, programming and don't understand digital scarcity. Peter Schiff comes to mind. 

[Neeranam]

Just found an amazing chart, linking BTC and gold. I think this guy must have seen my post back in January :;

 

https://twitter.com/100trillionUSD/status/1380832605487177732/photo/1

 

[Lemsta69]

13 minutes ago, Neeranam said:

Just found an amazing chart, linking BTC and gold. I think this guy must have seen my post back in January :;

 

https://twitter.com/100trillionUSD/status/1380832605487177732/photo/1

 

good ol' PlanB and his stock-to-flow model. I hope he's right! ????????

[owl sees all]

On 10/11/2021 at 10:32 PM, Neeranam said:

10 months on, 74% up, in the future, people will be saying they had a chance in Oct 2021 at $57,400. 

 

 

Max Keiser is still confident that Bitcoin will hit $200,000 by the end of the year.

 

Heard him say it a couple of times recently.

[2009]

On 1/5/2021 at 10:10 AM, gyps said:

You maybe be correct. Its just insane really! Just don't have the stomach for it at the moment. I am good to go at this point living well in Vietnam now. More zeroes to my name would just be left to my daughter and wouldn't make much difference in quality of life for me. That being said, if it drops again into the teens I will spend some of my savings...lol

How's Vietnam compared to Thailand, by the way?

[Neeranam]

2 hours ago, owl sees all said:

Max Keiser is still confident that Bitcoin will hit $200,000 by the end of the year.

 

Heard him say it a couple of times recently.

Most 'experts' agree on this. 

 

Personally, I predict $90k by Christmas, $220k by Sonkran and $1 million by late 2024. 

 

47% of people here think buying gold is better! 

[owl sees all]

15 minutes ago, Neeranam said:

Most 'experts' agree on this. 

 

Personally, I predict $90k by Christmas, $220k by Sonkran and $1 million by late 2024. 

 

47% of people here think buying gold is better! 

When I first heard about Bitcoin it was under $10. I recall chatting to my Farang friend about it, and explaining the merits of an on-line currency.

 

Then I only took notice fleetingly from then on.

 

Getting started seems to be be getting more complicated as I get older. I contacted a company a couple of weeks back when the price was just over $30k. It was the one promoted by Max Keiser at that time. It turned out that it was only for Americans. Since then Bitcoin has jumped up near $20k.

[meechai]

23 hours ago, Neeranam said:

Most 'experts' agree on this. 

 

Personally, I predict $90k by Christmas, $220k by Sonkran and $1 million by late 2024. 

 

47% of people here think buying gold is better! 

555 Anything is possible right?

 

You know how JF Kennedy's father made a killing in the 1929 stock markets?

 

He was having his shoes shined one day as was the fashion back then you sat up high on a perch & read the paper while the shoeshine guy shined your shoes

 

Well the shoe shine guy knew Mr Kennedy was a high roller in the markets & said to him he was also now investing & his friends were too & had some tips to share

Well Joe knew it was time to exit the markets then & there because everyone was agreeing it only had one place to go...up

 

Joe increased his sizable wealth 10x by getting out & coming back after the crash to pick up things at their lows

Estimates say he went from 30 million during the 20's to 4 billion inflation adjusted after the great depression

 

There is more to this true story than buy low sell high....It is beware irrational exuberance like the plague ????

 

PS: It is not in my case a thinking that buying gold is better but in my case I see what 11 trillion market cap affords & what less than a trillion affords...I am not interested in extreme volatility & I like things that keep pace with inflation as PM's always have for hundreds of years. PM's can be seen as a hedge against inflation while you can also make use of the large market cap & G/S ratios to make a lot of money

 

 

 

 

[Neeranam]

37 minutes ago, meechai said:

555 Anything is possible right?

 

You know how JF Kennedy's father made a killing in the 1929 stock markets?

 

He was having his shoes shined one day as was the fashion back then you sat up high on a perch & read the paper while the shoeshine guy shined your shoes

 

Well the shoe shine guy knew Mr Kennedy was a high roller in the markets & said to him he was also now investing & his friends were too & had some tips to share

Well Joe knew it was time to exit the markets then & there because everyone was agreeing it only had one place to go...up

 

Joe increased his sizable wealth 10x by getting out & coming back after the crash to pick up things at their lows

Estimates say he went from 30 million during the 20's to 4 billion inflation adjusted after the great depression

 

There is more to this true story than buy low sell high....It is beware irrational exuberance like the plague ????

 

PS: It is not in my case a thinking that buying gold is better but in my case I see what 11 trillion market cap affords & what less than a trillion affords...I am not interested in extreme volatility & I like things that keep pace with inflation as PM's always have for hundreds of years. PM's can be seen as a hedge against inflation while you can also make use of the large market cap & G/S ratios to make a lot of money

 

 

 

 

I've heard that story before and yes, when my mother in law in rural Lopburi buys Bitcoin, I know it's time to get out. She has asked as she obviously wonders why her son in law has gone from a 30,000 baht a month English teacher to buying a summer house  on the beach for 5x more than his mortgaged house cost.

 

Bitcoin has over 1 trillion market cap. 

 

90k BTC this year is actually more probable than not. 

 

I think you are saying Gold is a better buy, thanks. Are you over 60 by the way?

[lkn]

On 10/14/2021 at 6:52 AM, Neeranam said:

90k BTC this year is actually more probable than not. 

What are you basing this on?

[bkk6060]

Gold is probably dead money for years.

BTC was 33,000 at the start of this thread now around 60,000. Hope folks realize the potential of it would not be surprised of it was 100,000 by the end of the year.

[sezze]

12 minutes ago, bkk6060 said:

Gold is probably dead money for years.

BTC was 33,000 at the start of this thread now around 60,000. Hope folks realize the potential of it would not be surprised of it was 100,000 by the end of the year.

Gold will keep its value , even if there is no more electric power on this world . Remember 1st things shut down by governments in case of war is shutting down electric and internet .

Yes , BTC is worth now 60k or 70k , but can be 10$ tomorrow or 200k $ . BTC is like a piece of art , basically 100% worthless , but if somebody wants it then a price is made . More people want it , it goes up , less it goes down . Difference with gold is , that it is always existant , no matter what happens . It can go down in value , and can go up , but it is very stable and can be used in all times , no matter where you are .

BTC is gambling , prob there are much better gambling electronic numbers around , like the shiba inu number which was mentioned by a famous person and went up 28 million % in less then a year ( yes you read that correct 1000$ last year now brings you 28 million $ ) .

In terms of investment , rather have gold , wanna gamble buy BTC ( or Chinese porcelain , or a painting from a unknown painter ...) .

[Neeranam]

4 hours ago, lkn said:

What are you basing this on?

Technical Analysis, Stock-to-Flow, etc. 

[Neeranam]

3 hours ago, bkk6060 said:

Gold is probably dead money for years.

BTC was 33,000 at the start of this thread now around 60,000. Hope folks realize the potential of it would not be surprised of it was 100,000 by the end of the year.

Actually, when I started this thread, BTC was $30,500(now $61,000), and gold was $1,943(now $1,767)

 

BTC has increased 100%

Gold has decreased 9%

 

[lkn]

5 hours ago, Neeranam said:

Technical Analysis, Stock-to-Flow, etc. 

Did you do the analysis yourself? If so, what is your data source?

[Neeranam]

28 minutes ago, lkn said:

Did you do the analysis yourself? If so, what is your data source?

I do some myself using on-chain analysis, with sources such as Glassnode/IntoTheBlock. I also analyse the analysis from other on Twitter etc. 

[Neeranam]

A very successful investor now prefers BTC to Gold. 

 

 

[lkn]

10 hours ago, Neeranam said:

A very successful investor now prefers BTC to Gold. 

So he was previously into gold? Then I don’t know why you would listen to this guy for investment advice. Investing is placing your money in productive assets.

 

[Neeranam]

2 minutes ago, lkn said:

So he was previously into gold? Then I don’t know why you would listen to this guy for investment advice. Investing is placing your money in productive assets.

I think so. 

What would you buy right now -  BTC or gold? 

[lkn]

1 minute ago, Neeranam said:

What would you buy right now -  BTC or gold? 

LMFAO — you haven’t seen my posts in your other bitcoin thread?

 

But if I absolutely had to pick, I would choose gold, because at least 50% of gold mined is used for jewelry or electronics, but I wouldn’t “invest” in non-productive assets. If I suddenly came into a lot of cash that I had to place, and didn’t want to spend the time looking at company financials to try and pick some “winners”, I would just place it in the iShares MSCI ACWI UCITS ETF.

[Sametboy2019]

6 minutes ago, lkn said:

LMFAO — you haven’t seen my posts in your other bitcoin thread?

 

But if I absolutely had to pick, I would choose gold, because at least 50% of gold mined is used for jewelry or electronics, but I wouldn’t “invest” in non-productive assets. If I suddenly came into a lot of cash that I had to place, and didn’t want to spend the time looking at company financials to try and pick some “winners”, I would just place it in the iShares MSCI ACWI UCITS ETF.

Exactly Gold has a use. Right now Bitcoin is just a store of value. 

No utility at all. It could remain a store of value....a digital gold maybe but it could also go to zero.

So many cryptos out there now with real life utility that will usher in the digital age. Will Bitcoin survive? Who knows!

[meechai]

Not of interest to myself but a buddy pointed these out

 

Bitcoin is largely controlled by a small group of investors and miners, study finds

 

Mr Goxx, the crypto-trading hamster beating human investors

[Jenkins9039]

On 1/5/2021 at 9:42 AM, Neeranam said:

What would you buy right now -  BTC or gold?

Gold's going to pop sometime to 3.2k, BTC its looking to go to 75-85k, but the risk is a drop to 20-12k.

 

Depends on your appetite.. 

[tgw]

the value of gold has a soft cap because of reserves and production.

 

if aiming for a jackpot, go for BTC.

gold is okay for value conservation, especially considering current inflation woes.

[Neeranam]

Jeffries upping BTC holdings. 

https://m.economictimes.com/markets/cryptocurrency/jeffries-chris-wood-raises-bitcoin-allocation-by-5-at-cost-of-gold/articleshow/87535972.cms

[Neeranam]

NY mayor wants paid in BTC

https://www.cbsnews.com/news/eric-adams-mayor-paycheck-bitcoin-cryptocurrency/

[Neeranam]

On 10/30/2021 at 10:25 PM, Jenkins9039 said:

Gold's going to pop sometime to 3.2k, BTC its looking to go to 75-85k, but the risk is a drop to 20-12k.

 

Depends on your appetite.. 

Interesting, thanks.

[Neeranam]

On 1/5/2021 at 3:31 PM, Neeranam said:

Gold - $1943

Btc- $30,500

 

At the time the poll was made. 

Let's revisit in the future. 

 

I'm surprised that gold leads the poll. 

 

So after 1 year, Btc is at $42k and gold is at $1,840.

 

BTC- +35%

Gold  -5%

 

I never bought any gold or Bitcoin. It's clear which one would have been better.

During this year, you could have sold your BTC at a 200% profit.

 

I was thinking of buying some gold but after watching the following video, I would rather buy BTC. The legendary investor, Bill Miller knows what he is talking about.